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Korean firms stash cash, hesitate investment

Published: 2011-09-19 06:59:00
Updated: 2011-09-19 06:59:00
Korean drug makers have piled up bigger cash reserve this year, as they refrained from investing amid negative factors, according to Yakup.com.

The cash equivalent assets of 49 companies listed on KOSPI and KOSDAQ markets totaled 6.1 trillion won as of the end of June this year, showing a fivefold cash level over capital fund. Their average cash reserve rate marked 504 percent.

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