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Major Korean Manufacturers Idling on Liquid Assets Worth US$238B
Conglomerates’ Liquid Assets
Major Korean Manufacturers Idling on Liquid Assets Worth US$238B
  • By matthew
  • December 2, 2013, 05:42
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Large Korean companies have been holding the largest-ever amount of liquid assets in recent years, showing that they were reluctant to make investments amid economic uncertainties.

According to data unveiled by the private financial information provider Fn Guide, the nation’s 81 listed manufacturing affiliates of the top 10 conglomerates saw their liquid assets reach 252.3 trillion won (US$238.3 billion) at the end of September, up 14.8 percent from 219.8 trillion won at the same month in 2011. 

In particular, liquid assets held by Samsung Group reached 90.2 trillion won (US$85 billion) as of the end of September, up 35.7 percent from 2011. Its flagship affiliate Samsung Electronics held 59.4 trillion won (US$56.2 billion) in liquid assets, up 56.8 percent from 37.9 trillion won (US$35.9 billion) in 2011.