Cash reserves held by Korean listed companies amounted to 65-trillion won, or about 58-billion US dollars, in the third quarter of this year.
According to the Korea Exchange on Monday, the cashable assets of 553 listed companies reached more than 65.3 trillion won, which is a slight decrease of 0.1 percent from the second half of last year.
Among the most cash-rich companies in the nation are Hyundai-Kia Motor, Posco, and Hynix Semiconductor.
Thirty-three companies including Samsung Electronics and LG Electronics that have adopted the International Financial Reporting Standards along with 61 other listed companies were excluded from the survey.

NOV 22, 2010

 
Reporter : jihoonchun@arirang.co.kr