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FRI, 2014-10-31  KST

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Current assets of manufacturers under Korea's top 10 conglomerates surpass $245 bil.

Updated: 2014-06-09 18:22:58 KST
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Despite the rosy forecast by Moody's, Korea's financial watchdog says Korea's major manufacturers are not making active investment but instead, sitting on a big pile of money.
The Financial Supervisory Service says that the current assets of listed manufacturers under the nation's 10 major chaebols exceeded 245-billion U.S. dollars as of the end of last year.
That is a jump of close to 10 percent from a year before.
A current asset is any asset that a company can convert into cash within one year.

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