{
  "id": 12795433,
  "title": "Korea's forgotten fortune: $1.1 bil. in shares left unclaimed",
  "url": "https://urgent.news/2026/10/08/koreas-forgotten-fortune-1-1-bil-in-shares-left-unclaimed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T05:32:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/banking-finance/20261008/koreas-forgotten-fortune-11-bil-in-shares-left-unclaimed"
  },
  "original_language": "en",
  "account": "Some 26,000 shareholders in South Korea have left nearly $1.1 billion worth of unclaimed shares with the Korea Securities Depository (KSD) as of August. Rep. Han Min-soo of the ruling Democratic Party of Korea revealed that the KSD held 800.84 million unclaimed shares, valued at around 1.47 trillion won. Unclaimed shares generally occur when shareholders overlook newly issued shares or miss notifications following address changes. The value of unclaimed shares surged by about 26.4 billion won in the first eight months of the current year, from 1.44 trillion won at year's end, with 763.54 million shares remaining unclaimed. The number of such shareholders has also grown, increasing from 25,349 to 26,280, including 22,526 individual shareholders.",
  "summary": "According to data released by Rep. Han Min-soo of the ruling Democratic Party of Korea, nearly 1.5 trillion won ($1.1 billion) worth of shares held by the Korea Securities Depository (KSD) remain unclaimed by some 26,000 shareholders as of the end of August. The KSD holds 800.84 million unclaimed shares, which are typically the result of shareholders failing to claim shares issued through rights offerings, bonus issues, or stock dividends. Shareholders may be unaware of the newly issued shares or miss notifications after changing their addresses, leading to the shares being held by the KSD or other designated transfer agents until their rightful owners claim them.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Korea's forgotten fortune: $1.1 bil. in shares left unclaimed",
        "url": "https://urgent.news/2026/10/08/koreas-forgotten-fortune-1-1-bil-in-shares-left-unclaimed-12798722",
        "published": "2026-10-08T05:47:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}