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Hyundai Motor to offer suppliers advance payments

2011-08-30

Three major units of Hyundai Motor Group have decided to pay their subcontractors in advance ahead of the Chuseok(Korean Thanks Giving) holidays.

There are about 2,800 Hyundai subcontractors, with the advance payments for their coming auto parts supply to total 1.15 trillion won ($1.06 billion), group officials said Monday.

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By Kim Yon-se (kys@heraldm.com) | http://www.koreaherald.com
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