Seoul: The combined cash reserves of South Korea’s top 10 conglomerates has reached over 125 trillion won about ($117bn), a market observer reported yesterday, representing an apparent improvement in companies’ finances. According to the report from local market researcher Chaebol.com, the combined cash reserves of the 10 largest businesses here came to 125.41 trillion won as of the end of September, up 15.1 percent from 108.99 trillion won at end-2013. Cash reserves include cashable assets and money invested in short-term market funds, according to Yonhap. QNA
