November 24, 2024

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[THE INVESTOR] Samsung Electronics, Hyundai Motor and other major listed firms increased their cash piles in the first quarter of this year, data showed on May 28.

According to the data by market researcher Chaebul.com, a total of 47 listed firms, including Samsung and Hyundai, had a combined 158.9 trillion won (US$148.10 billion) in cash reserves as of the end of March, up 7.8 percent from a year ago.

Samsung Electronics saw its cash reserves rise 17.2 percent on-year to 32.3 trillion won at the end of March.

Cash reserves at Hana Financial Group, one of the nation’s major financial holding firms, gained 9.3 percent on-year to 9.9 trillion won.

Hyundai saw its cash reserves climb 28.5 percent on-year to 8.3 trillion won.

Among the top 10 listed firms, Shinhan Financial Group and Hyundai Heavy Industries also saw their cash reserves rise 11.9 percent and 9.4 percent, respectively, during the period.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)