April 26, 2021 10:29
Around 5 million people or one on 10 Koreans now own Samsung Electronics shares.
Some 3.85 million people here own ordinary shares and 1.12 million people preferred shares, bringing the total to 4.97 million.
Until the company split its stocks in a 50:1 ratio in the first quarter of 2018, only 260,000 retail investors owned shares in the company, but now the number has surged almost 20 times amid a stock-investment boom last year.
Even at the end of last year there were only about 3 million Samsung stockholders, but they surged by another 2 million in the first quarter of this year alone as the unprecedented bonanza accelerated.
The proportion of retail investors who hold Samsung stocks rose from 6.4 percent at the end last year to 9.6 percent as of end-March, surpassing even the National Pension Service, which owns an 8.9 percent stake and wields tremendous power at the electronics giant's shareholder meetings.
Choi Joon-sun at the Korea Business Law Institute said, "From a management perspective, Samsung has gained both a trustworthy ally to protect it against outside pressure and a stricter monitor."
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