Investors urged to seek $29.3 mil. in unclaimed dividends and other financial assets

d Investors are being encouraged to check for unclaimed dividends and shares worth a combined 43.2 billion won ($29.3 million), associated with over 2 million shares, the Korea Securities Depository (KSD) said Thursday. The stock deposit service provider’s campaign aims to help shareholders locate their unclaimed financial assets, including 24.95 billion won held by the Korea Inclusive Finance Agency under a law supporting financial access for ordinary citizens. The 43 billion won comes from “unregistered shares,” which arise when investors withdraw physical share certificates from securities firms but fail to register them in their own name. Investors typically withdraw shares for safekeeping, for transfer or to put them up as collateral for loans. While the shares remain legally unregistered, dividends and bonus shares — collectively called entitlements from unregistered shares — are generated but remain unclaimed until shareholders file a claim. Since 2018, KSD has conducted a campaign to help investors reclaim these assets, and so far has returned about 2.91 billion won to owWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times