KSD, "To Receive Dividends, You Must Purchase by the 28th of This Month"

[Asia Economy Reporter Oh Ju-yeon] The Korea Securities Depository advised that investors who wish to exercise voting rights at the regular general meeting of shareholders or receive dividends from listed companies with December fiscal year-end must purchase the stocks of the respective listed companies by the 28th of this month.

On the 23rd, the Korea Securities Depository stated that to exercise voting rights at the fiscal year-end general meeting of shareholders, the stocks must be owned by the end of this year. Since trades made on December 28 will be settled on December 30, the last settlement day of the year (with ownership registered in the securities account under the investor's name), purchases must be completed by the 28th.

Shareholders holding physical stock certificates must electronically register or transfer the ownership to a securities company account under their name by the 31st to exercise voting rights and rights to dividends at the regular general meeting of shareholders.

If the physical stock certificates held are subject to electronic registration, shareholders must submit their ID, securities company account details, physical stock certificates, and proof of rights to the transfer agent company by the morning of the 31st.

Additionally, if the physical stock certificates are not subject to electronic registration, shareholders must visit the transfer agent company to transfer ownership or visit a nearby securities company (branch) to deposit the certificates into a securities account.

Since closing times may vary by company, it is essential to contact each company in advance to confirm whether the processing is possible.

The Depository also stated, "Shareholders who have changed their address must register their current residence address to accurately receive notices such as the shareholder meeting convocation notice and dividend payment notice. Shareholders holding stocks through securities accounts must request an address change with the respective securities company."

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