Find Your Sleeping 40 Billion Won Stocks... Unclaimed Stock Recovery Campaign

[Asia Economy Reporter Lee Seon-ae] The Korea Securities Depository (KSD) announced on the 1st that it will conduct the '2021 Unclaimed Stocks Recovery Campaign' until November 5.

It has been revealed that unclaimed stocks, which investors have not retrieved, amount to nearly 40 billion KRW.

According to the KSD, as of the end of August, the number of unclaimed stocks held by the Depository (based on listed stocks held by corporations and individuals) was approximately 3.53 million shares. When converted to market value, this amounts to 38.1 billion KRW. Unclaimed stocks refer to shares additionally issued to shareholders due to reasons such as bonus stocks or dividends, but which were not received due to address changes or other reasons, and are currently held by the name transfer agency.

The KSD plans to conduct the '2021 Unclaimed Stocks Recovery' campaign from today until November 5 to help dormant financial assets find their owners. During the campaign period, the KSD will cooperate with the Ministry of the Interior and Safety to identify the actual residences of shareholders holding dormant assets and send notification letters. In particular, this year, a campaign to convert physical stocks to electronic securities will also be conducted to promote electronic securities.

A KSD official said, "We will make every effort to ensure that as many dormant assets as possible find their owners," and added, "Shareholders can check the existence of unclaimed stocks on the websites of the name transfer agencies, including the Korea Securities Depository, KB Kookmin Bank, and Hana Bank."

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