Recently, the cash holdings of the korea company is increasing rapidly. Therefore, Affirmation and worry is intersecting time about cash holding. The cash holding appears with the reasons which are various. The purpose of this study is to analyze the Hyundai motors and the Toyota motors cash flows. The results of the case analysis can be summarized as follows:First, The cash holding level of the Hyundai Motor is lower the global foreign company. Second, We analyzed the investment activity cash flow and financial activity cash flow of the Hyundai Motor and the Toyota Motor. The Hyundai Motor the cash holding level increased,the investment expenses did not decrease. Therefore, the cash holding level comparison which is simple does not hit. Because, the cash holding policy appears with the reasons which are various. Consequently, From cash holding level research the cash flow analysis which is detailed is necessary.