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Biz News Korea(Eng)
Internal reserves of S. Korea’s 10 largest group firms hit record high
- Collected
- 2016.08.22
- Distributed
- 2016.08.23
- Source
- Go Direct
According to Chaebul.com on Sunday, internal reserves of listed companies of the 10 largest conglomerates stood at a record high of 550 trillion won ($491 billion) at the end of June, up 3.6 trillion won from 546.4 trillion won six months ago. Internal reserves consist of earned surplus and capital surplus. Companies make investments with internal reserves to make new profits or return profits to shareholders through dividend payments.
Of the top 10 conglomerates, eight groups of Hyundai Motor Group, SK Group, LG Group, Lotte Group, Posco Group, GS Group, Hanwha Group and Hyundai heavy Industries Group saw their internal reserves grow in the first half of this year. Hyundai Motor Group’s internal reserves came to 117.2 trillion won in the first half, up 4.9 trillion won from late last year. The increasing internal reserves of the country’s big name companies owe much to shrinking investment activities caused by low economic growth across the world. In the merger and acquisition sector, which is regarded as a means for companies to find new growth dynamos, there have been few deals involving those companies.
In contrast, Samsung Group’s internal reserves decreased mainly because of shareholder-friendly policies such as share buyback and more dividend payments. Hanjin Group’s internal reserves also fell in the wake of restructuring of its units including Hanjin Shipping Co.
By Han Woo-ram
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]