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KSD Recovers 10 Trillion Won in Unclaimed Stocks

15 Years of Campaign Cumulative Achievements
Notification Report: Received 100 Million KRW in Stocks and Dividends
This Year, 5 Listed Companies Including Korean Air Participated

Mr. Jo, who lives in Nowon-gu, Seoul, had received mail over the past few years urging him to claim uncollected stocks but had always ignored it. This year, out of curiosity, he visited the Korea Securities Depository and ended up receiving stocks and dividends worth about 100 million KRW. Mr. Jo said, "I didn't even remember how I bought these stocks, but they turned into a large sum, bringing unexpected joy. Now I can enjoy a comfortable retirement," expressing his happiness.


KSD Recovers 10 Trillion Won in Unclaimed Stocks

The Korea Securities Depository announced on the 11th that as a result of conducting the '2024 Unclaimed Stocks Recovery Intensive Campaign' for one month starting October 2 to support shareholders in asset recovery and rights protection, the cumulative amount surpassed 1 trillion KRW for the first time in 15 years.


In particular, this year, the campaign was conducted jointly with five listed companies, resulting in a total of 41.32 million unclaimed shares (valued at 204.2 billion KRW) returned to shareholders, with unclaimed dividends amounting to 47.52 million KRW. The listed companies supporting the campaign include Korean Air, Meritz Financial Group, Samyang Foods, CJ, and CJ CheilJedang.


Unclaimed stocks do not expire and can be claimed at any time, but dividends expire after five years. The Depository recommends that shareholders who received mail notifications and have unclaimed dividends visit the Depository within this year to claim their dividends, even if the campaign period has ended.


Going forward, the Korea Securities Depository plans to actively support the recovery of shareholders' hidden assets and contribute to the revitalization of the national economy.


© The Asia Business Daily(www.asiae.co.kr). All rights reserved.


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