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South Korean companies held excess funds exceeding 20.8 trillion won in the first quarter, hitting a record high
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Author：小编
Data released by the Bank of Korea on Tuesday showed that in the first quarter of this year, driven by robust semiconductor exports boosting corporate profits, the excess funds held by South Korean companies reached a record high. As of the end of March, non-financial companies' net financial assets (financial assets minus financial liabilities) amounted to 20.8 trillion won (approximately US$13.6 billion), marking a substantial increase from just 100 billion won three months earlier.
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