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  • Listed pharma companies financially sound despite COVID-19
  • by Kim, Jin-Gu | translator Byun Kyung A | Sep 14, 2020 06:16am
30 listed companies¡¯ net liabilities recorded KRW 7.6 trillion in first half of the year, growing only 0.3% in 6 months
Total debt increased but also increased cash and cash equivalents canceled it out
Apparently, major South Korean pharmaceutical and bio companies have been maintaining the level of financial soundness from late last year for the first half of this year.

One of their financial soundness indicators, net liabilities, showed similar level as late last year, which the experts analyze the industry is performing relatively well, regardless of COVID-19.

According to Financial Supervisory Service (FSS) on Sept. 14, 30 listed Korean pharmaceutical companies¡¯ net liabilities reached 7.63 trillion won as of the end of first half of the year. Compared to 7.61 trillion won as of same time last year, the figure was slightly increased by 0.3 percent (24.1 billion won). Technically, the net liabilities have n
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