Large Corporations' Cash Holdings Increased by 62 Trillion Won... Samsung Electronics Up by 40 Trillion Won

CEO Score, Analysis of Cash Holdings Status
Hyundai Motor, LG Energy Solution, and 9 Others Increase by Over 1 Trillion Won

In the first half of this year, the cash and cash equivalents (hereinafter referred to as cash) of major domestic conglomerates increased by more than 62 trillion won compared to a year ago.

On the 11th, the CEO Research Institute of the Corporate Data Research Institute investigated the cash holdings of 278 companies that submitted semi-annual reports among the top 500 designated companies this year. As of the end of June this year, the total was recorded at 294.8254 trillion won. This is an increase of 62.2336 trillion won (26.8%) from 232.5918 trillion won at the end of June last year.

Photo by Asia Economy DB

During the same period, retained earnings increased by 52.8621 trillion won (4.7%) from 1,136.3612 trillion won to 1,189.2233 trillion won, showing that the increase in cash was larger.

64.8% of the increase in cash belongs to Samsung Electronics. Samsung Electronics' cash holdings at the end of the first half of the year were 79.9198 trillion won, an increase of 40.3367 trillion won (101.9%) compared to 39.5831 trillion won a year ago. Samsung Electronics secured cash liquidity by disposing of a large number of short-term financial products in the first half of this year.

Companies whose cash holdings increased by more than 1 trillion won in one year include nine companies such as Samsung Electronics, Hyundai Motor Company, and LG Energy Solution.

Hyundai Motor Company increased its cash holdings by 4.6483 trillion won (28.8%) to 20.7777 trillion won, and LG Energy Solution increased by 2.8767 trillion won (145.0%) to 4.8602 trillion won. SK Energy (up 1.8442 trillion won), Doosan Enerbility (up 1.6271 trillion won), LG Chem (up 1.5676 trillion won), SK Hynix (up 1.4945 trillion won), Samsung C&T Corporation (up 1.2496 trillion won), and Hyundai Samho Heavy Industries (up 1.0151 trillion won) also increased their cash holdings by more than 1 trillion won.

On the other hand, companies whose cash holdings decreased by more than 1 trillion won include HMM and KT. HMM's cash holdings decreased by 1.7361 trillion won (50.6%) from 3.4338 trillion won in June last year to 1.6977 trillion won this June, and KT's cash holdings decreased by 1.0162 trillion won (36.0%) from 2.8217 trillion won to 1.8055 trillion won.

Kim Kyung-jun, CEO of CEO Score, explained, "Most companies have increased cash beyond the increase in retained earnings to secure available resources," adding, "Due to the unstable economy, it seems that companies are strengthening their risk management capabilities to respond to volatility."

This content was produced with the assistance of AI translation services.