Business · Companies · 17 hrs ago

Samsung’s Cash and Short-Term Assets Reach 214.8 Trillion Won

Samsung’s Cash and Short-Term Assets Reach 214.8 Trillion Won

Samsung Electronics’ cash and short-term assets reached 214.8 trillion won at the end of the third quarter.

The total includes cash, cash equivalents and short-term financial products.

It rose 24.8 trillion won from the previous quarter and was nearly twice the 108.5 trillion won recorded a year earlier.

A semiconductor boom helped drive the increase at South Korea’s largest company by cash holdings.

The company is expected to use up to 110 trillion won for shareholder returns, according to the headline.

The available information does not say when or how that money would be distributed.

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