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Underage people hold 2 tln won worth of shares

All Headlines 14:59 October 11, 2018

SEOUL, Oct. 11 (Yonhap) -- People under the age of 18 held about 2 trillion won (US$1.8 billion) worth of stocks in South Korea at the end of last year, data showed Thursday.

According to the data compiled by Korea Securities Depository (KSD), underage people held a total of 154.8 million shares in 2,045 listed firms at the end of last year.

Underage people hold 2 tln won worth of shares - 1

Thirteen underage shareholders held more than 10 billion won worth of shares each, the data showed.

An infant owned 30,000 shares worth 1 billion won in Sempio Foods Co., which makes and sells soy-based sauces in South Korea, according to the data.

In a statement, Rep. Kim Byung-wook of the ruling Democratic Party said transfers of stocks to children showed a widening gap between haves and have-nots, urging the government to improve regulations on stock transfers.


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