Casa, First Dividend Payment for Seocho Jiwell Tower Building No. 2

[Asia Economy Reporter Tae-min Ryu] Kasa, a real estate digital asset-backed securities (DABS) trading platform, announced on the 29th that it will pay the first dividend for its second listed building, Seocho Jiwell Tower.

The first dividend for Seocho Jiwell Tower is 37 KRW (pre-tax) per 1 DABS, and will be paid in cash dividends to investors holding DABS as of the dividend record date (October 31) at the close of the market.

Kasa conducts dividends on building rental income quarterly. Currently, buildings No. 1, 2, and 3 are listed on the platform, and since the dividend payment dates for the three items differ, it is possible to design a stable portfolio that receives dividends every month. The next dividend record dates for Kasa buildings are scheduled as follows: November 30, 2021 for Yeoksam Korea Technology Center, December 31, 2021 for Yeoksam Londonville, and January 31, 2022 for Seocho Jiwell Tower.

The annual dividend yield of buildings listed on the Kasa platform is about 3%, which exceeds the expected annual dividend yield of major U.S. dividend stocks. Investors can trade DABS in real time through the Kasa app, adding liquidity to their portfolios. Over the past five years, the individual publicly announced land price of the land where Seocho Jiwell Tower is located has steadily increased at an average annual rate of about 6.81%, so investors can also expect capital gains from building sales in the future.

Kasa is designated as an innovative financial service by the Financial Services Commission and operates under the supervision of financial authorities. After submitting and obtaining approval for the securities registration statement for each building from the Financial Supervisory Service, public offerings are conducted. Investment deposits are separated from Kasa’s assets through Hana Bank’s specific money trust, and all operation details are disclosed on the platform. Kasa has obtained ISO 27001 information security certification for three consecutive years through measures such as blockchain technology to fundamentally block hacking and collaboration with global security companies.

A Kasa representative said, “As instability in the financial market increases, interest in dividends is rising again. More investors are building portfolios with investment products based on safe assets, but for new investment products, it is important to carefully assess whether there are clear mechanisms or procedures to protect investors.”

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