▲ This file photo taken May 7, 2026, shows a clerk sorting US$100 banknotes at the headquarters of Hana Bank in Seoul. (Yonhap)

SEOUL, Oct. 7 (Yonhap) -- Excess funds held by South Korean businesses hit an all-time high in the second quarter as strong semiconductor exports boosted corporate earnings, central bank data showed Wednesday.

Net financial funds -- the value of financial assets minus financial liabilities -- held by non-financial corporations totaled 67.1 trillion won (US$50.1 billion) at the end of June, sharply up from 20.8 trillion won three months earlier, according to the data from the Bank of Korea (BOK).

It marked the highest quarterly figure since the BOK began compiling the data in 2009.

Households' net financial funds fell to 60.7 trillion won in the second quarter from 79.2 trillion won in the first quarter, partly due to a fall in incomes and more purchases of homes.

Financial assets held by the country's households and nonprofit organizations totaled 6,930.2 trillion won at the end of June, up 513 trillion won from three months earlier.

Their debts rose by 28.2 trillion won from three months earlier to 2,495.8 trillion won over the cited period.

The ratio of financial assets to liabilities owned by households stood at 2.78 percent, and that of household debt to the gross domestic product (GDP) stood at 81.1 percent as of end-June, down from 85.3 percent three months ago, the data showed.

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