A Couple's Stocks Bought 35 Years Ago, Completely Forgotten, Have Returned 100 Million Won

Unclaimed Stock Recovery Campaign
Korea Securities Depository Returns 2.4 Billion KRW
"Dormant Assets Can Be Claimed Anytime"

Korea Securities Depository returned stocks worth 2.4 billion KRW through the 'Unclaimed Stocks Recovery Campaign.'

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The Depository announced on the 17th that it conducted the Unclaimed Stocks Recovery Campaign from the 1st to the 27th of last month, recovering a total of 5.33 million shares (valued at 2.2 billion KRW) and unclaimed dividends amounting to 208 million KRW.

The valuation was calculated based on the previous day's closing price on the receipt date for listed stocks, and at face value for unlisted stocks.

The campaign led to various cases where shareholders recovered stocks and dividends worth tens of millions of KRW or more.

For example, a couple, Mr. and Mrs. A, who invested in bank-related stocks 35 years ago, recently received a 'Notice Regarding Unclaimed Dividends' from the Korea Securities Depository. Upon checking, they found that the total claimable dividends amounted to 38 million KRW. With some bonus shares also immediately claimable, the total value of stocks returned to the couple reached 71 million KRW.

The Depository stated, "This unclaimed stocks campaign was conducted ahead of Chuseok, and we expect it to have provided some economic relief to ordinary citizens struggling in this era of high inflation."

Meanwhile, the Depository, as the first name transfer agency to develop and provide mobile non-face-to-face services, plans to actively support ordinary citizens in recovering dormant assets anytime even after the campaign ends.