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Drug makers increase cashable assets amid economic woes and unpredictable variables
Influenced by persistent market uncertainty together with worsening business conditions, Korean pharmaceutical firms are choosing to hold more of their earnings in cashable assets as they find it harder to invest.
Cashable assets include cash, cash equivalents and other short-term financial products with a maturity of less than three months that can be immediately cashed with little cost.
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Cashable assets include cash, cash equivalents and other short-term financial products with a maturity of less than three months that can be immediately cashed with little cost.
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