KSD Launches Campaign to Locate Unclaimed Stocks and Resolve Special Accounts

[Asia Economy Reporter Minji Lee] The Korea Securities Depository (KSD) announced on the 7th that it will conduct the "2022 Unclaimed Stocks Recovery and Special Account Resolution Campaign" from the 11th of this month until the 4th of next month to support investors in recovering their property rights.

Since 2009, the KSD has regularly conducted the "Unclaimed Stocks Recovery Campaign" and has continuously worked to locate owners of dormant financial assets. This unclaimed stocks recovery campaign will be jointly conducted by the name transfer agencies Korea Securities Depository, KB Kookmin Bank, and Hana Bank to actively support investors in recovering their dormant assets.

The three securities agency institutions plan to actively pursue direct contact with shareholders during the campaign period to find owners of dormant assets with the cooperation of the Ministry of the Interior and Safety.

As of the 6th of last month, the unclaimed stocks held by the KSD amounted to approximately 3.47 million shares, with a market value of about 30.5 billion KRW.

The KSD stated, "We will make every effort during the approximately four-week campaign period to ensure that as many dormant securities investment assets as possible find their owners," adding, "Shareholders can easily check the existence of unclaimed stocks anytime on the websites of the name transfer agencies."

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