cash holdings Archives | Be Korea-savvy

Households Pile Up Cash in Q1 amid Coronavirus

SEOUL, Aug. 11 (Korea Bizwire) — South Korean households scrambled to pile up cash in the first quarter of the year amid growing uncertainty stemming from the coronavirus pandemic, central bank data showed Tuesday. Cash held by households and nonprofit organizations stood at 90.1 trillion won (US$75.9 billion) as of the end of March, up [...]

Conglomerates Increasing Cash Holdings

SEOUL, July 31 (Korea Bizwire) – South Korea’s leading conglomerates had some 116 trillion won (US$103.29 billion) in cash or cashable assets as of the end of March this year, an increase of 54 percent from five years ago, data showed Monday, a sign that the companies remain hesitant about investing. Seventy-two companies were analyzed [...]