Hyundai Motor Group headquarters in Seoul. [Courtesy of HMG] As the Chuseok holiday draws near, Hyundai Motor Group has announced its plan to advance payments for supplier invoices, totaling almost 2 trillion won ($1.5 billion). This move by the automotive conglomerate is aimed at relieving financial burdens on its partner companies through early payment settlement, with some stretching as far as 20 days ahead of schedule.The beneficiaries of the early payment plan include over 6,000 supplier companies, including those supplying parts and materials to various Hyundai Motor Group companies such as Hyundai Motor, Kia, Hyundai Mobis, Hyundai Glovis, Hyundai E&C, Hyundai Steel, Hyundai AutoEver, Hyundai Wia, and Hyundai Transys.

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