Samsung Electronics is one of South Korea's most important conglomerates. It accounts for a significant chunk of the country's exports, happens to be one of the biggest job creators in the country, and is also one of its most valuable companies.

It has now added another feather in its cap, by becoming the only South Korean company to have cash reserves of nearly $150 billion. Talk about deep pockets!

Industry data from South Korea shows that Samsung Electronics is on track to amass cash assets of more than 200 trillion won or roughly $146.6 billion. The company's cash and cash assets are projected to have reached this level in the third quarter of this year, for which Samsung posted record profits.

Samsung's cash reserves have nearly doubled from the third quarter of last year, showing just what an year of the AI memory supercycle has done for the company. These cash reserves are what's left over after all of the company's operating expenses are taken out.

The company is going to put all of this cash to good use. A significant chunk will go to enhancing shareholder returns through stock buybacks and dividends. Another chunk will be used for research and development as well as the expansion of new chipmaking facilities, as Samsung pushes to retain its edge in the semiconductor segment.