The figure reflected a 90.3 percent increase from the 271 trillion won recorded five years ago, CEO Score said.
In-house reserves refer to a company’s capital surplus excluding tax payments and dividends, which are reserved for future investment.
Samsung Group saw its in-house reserves rise by the biggest clip, followed by Hyundai Motor, SK and LG. In-house reserves have recently become a bone of contention following new Finance Minister Choi Kyung-hwan’s hints that he may seek taxes on the reserves, to the dismay of local corporations.
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Articles by Korea Herald