Global fintech company Paywatch Korea and Coupang Logistics Service partner HR Group announced on the 26th that they signed a business agreement at the HR Group headquarters in Gimpo, Gyeonggi Province on the 13th and will implement a salary pre-calculation service for delivery workers starting February 1st.
Through this agreement, both companies have moved beyond the traditional monthly income settlement structure, creating an environment where delivery drivers can receive payment in advance for their work hours, whenever necessary. The goal is to alleviate short-term financial burdens on delivery drivers and enhance their overall financial stability.
According to a recent survey of 1,000 courier workers conducted by Paywatch, a majority of respondents reported that their income settlement cycle exceeds one month, and over 80 percent expressed dissatisfaction with the current settlement method. Furthermore, 94 percent responded positively to a question asking about their willingness to use a salary prepayment service.
As a key partner of Coupang Logistics Service and Coupang Express Quick Flex, HR Group decided to introduce this system after noticing that couriers face financial burdens until the settlement date due to irregular expenses such as fuel and vehicle maintenance.
Paywatch's payroll prepayment service allows employees to receive immediate pay corresponding to their actual hours worked, even before payday, via a mobile application. Depending on company policy, employees can access up to 4 million won per month interest-free, and funds can be accessed through various methods, including bank transfers, withdrawals, and payments.
This service is being evaluated as a financial welfare model that goes beyond short-term financial support and empowers workers to manage their own income, thereby increasing job satisfaction and alleviating financial insecurity. From a corporate perspective, it can also be used as a means of improving work environments and implementing ESG management practices.
Cho Kang-yeon, CEO of Paywatch Korea, said that through this agreement, he has contributed to building a financial safety net for delivery workers, and that he hopes that the salary pre-calculation service will spread a healthy financial welfare culture throughout the logistics industry.
Shin Ho-ryong, CEO of HR Group, said that the salary pre-calculation service not only helps to stabilize the livelihoods of delivery drivers, but is also an effective system in terms of retaining human resources and strengthening recruitment competitiveness, and that he plans to expand the win-win model to the entire delivery industry in the future.
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