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

Korea's Korea Securities Depository (KSD) has nearly $1.1 billion worth of shares that remain unclaimed by their rightful owners. This forgotten fortune belongs to approximately 26,000 shareholders who have not collected their shares issued through rights offerings, bonus issues, or stock dividends. The unclaimed shares, worth a combined 1.47 trillion won, are a significant amount that could potentially be claimed by their owners. This situation highlights the importance of shareholders keeping track of their investments and ensuring they receive their rightful shares.

Why it matters

Unclaimed shares could be sold, increasing market liquidity. This could lead to higher trading volumes and potentially boost investor sentiment.

Market impact

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