Minor Dividend Income Doubles in 4 Years... Average 2.94 Million Won for 0-Year-Old Shareholders

[Asia Economy Reporter Kwangho Lee] The amount of dividend income for minors has doubled in four years.

According to the 'Dividend Income Status by Age of Minors' data submitted by the National Tax Service to Yang Hyang-ja, a member of the National Assembly's Planning and Finance Committee from the Democratic Party of Korea, the dividend income of minors aged 18 or younger was 264.7 billion KRW in 2018 (2019 statistics are not finalized), a 114.6% increase compared to 2014.

The number of minors receiving dividend income increased by 10.1%, from 165,506 in 2014 to 182,281 in 2018.

Accordingly, the average dividend income per person doubled from 740,000 KRW in 2014 to 1,450,000 KRW in 2018.

Among them, 337 shareholders aged 0 who received dividends right after birth in 2018 had a total dividend income amounting to 1.098 billion KRW, averaging 2.94 million KRW per person.

The number of 0-year-old dividend income recipients was 155 in 2014, but increased by 140% in four years.

Representative Yang said, "The increase in dividend income for minors is believed to be due to the rise in early gifts," and added, "The National Tax Service should carefully monitor and investigate whether taxation on inheritance and gifts for minors is conducted fairly."

This content was produced with the assistance of AI translation services.