June 28, 2021 12:47
More than 3 million Koreans now own foreign stocks and pocketed over US$270 million in dividends last year.
According to the Korea Securities Depository, Korean retail investors were paid $274 million in dividends from foreign companies in 2020, the first time they surpassed $200 million and up nine-fold from 2011.
They own $47.1 billion worth of foreign stocks, up by more than $32 billion from late 2019. Hasbro, the toy company that makes Marvel action figures, paid the most dividends to Korean retail investors last year at $9 million.
Until 2019, Japanese and Chinese businesses paid the most dividends to Korean retail investors. In 2017, Japanese petrochemical company Eneos paid the most with $4.97 million. In 2018 and 2019, China's Ping An Insurance ranked at the top with $5.4 million and $3.4 million.
In the first five months of this year, Korean investors already pocketed another $128.62 million from foreign companies led by Apple ($10.1 million), AT&T ($7.92 million) and Hasbro ($6.45 million).
- Copyright © Chosunilbo & Chosun.com