“Make a child account and buy a little every month”… `Kookmin stock’ Samsung Electronics surpassed 350,000 minor shareholders
It was found that the number of shareholders under the age of 20 with Samsung Electronics stocks exceeded 350,000 while the number of minor shareholders increased as the age of stock investment decreased recently.
According to the Korea Securities Depository (KSD) on the 4th, as of the end of last year, Samsung Electronics had 358,257 shareholders under the age of 20, the largest ever.
Among Samsung Electronics’ total shareholders of 5,066,466, minor shareholders accounted for 7.07%, and 14,834,499 shares, or 0.25% of the total issued stock, were counted. The valuation of 14,384,499 shares was 1.12 trillion won based on the closing price of 78,300 won at the end of last year, and 971 billion won based on the closing price of 67,500 won on the 3rd.
As of the end of last year, an average of 41 shares of Samsung Electronics owned by one shareholder in their 20s or younger is equivalent to about 2.77 million won when converted to the closing price on the 3rd.
As Samsung Electronics’ investors surged amid the stock investment craze, the number of Samsung Electronics’ minor shareholders more than tripled in just one year. As of the end of 2020, the number was 115,083. Compared to the end of 2018, when Samsung Electronics had 15,021 minor shareholders, the number of shareholders increased by about 24 times in three years. The proportion of shareholders under the age of 20 among all shareholders also rose steadily to 1.97% in 2018, 3.21% in 2019, 5.34% in 2020, and 7.07% in 2021.
It is known that elementary school-age shareholders also participated in the regular shareholders’ meeting in March, when about 1,600 people gathered, the largest number in Samsung Electronics’ history.
The reason for the increase in the number of minor shareholders is that there is no age limit for stock trading, but a stock account can be opened with the consent of a parent or legal representative. As a result, it seems that the number of parents buying stocks for their children for the purpose of economic education or gifting has increased. Recently, the number of young people who are jumping into direct stock investment has increased significantly.
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