Korea's forgotten fortune: $1.1 bil. in shares left unclaimed

Nearly 1.5 trillion won worth of shares held by the Korea Securities Depository (KSD) remain unclaimed by around 26,000 shareholders, data released by Rep. Han Min-soo of the ruling Democratic Party of Korea shows. The KSD held 800.84 million unclaimed shares worth 1.47 trillion won as of the end of August, with the value of unclaimed shares increasing by approximately 26.4 billion won in the first eight months of the year.

Unclaimed shares typically arise when shareholders fail to claim shares issued through rights offerings, bonus issues, or stock dividends, often due to unawareness or missed notifications after changing addresses.

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