Securities administration - South Korea

06.05.2011

Income collection

Market Record dateEx-dateBasis for entitlementStandard interest calculation rule
Interest paymentCoupon
Payment date
Varies according to the settlement periodClosing date for a settled position on the booksPrincipal * coupon rate * (actual holding period / a coupon payment cycle)
Dividend paymentBook’s Close
date
Book’s Close date
-1 business day
Settled position on Books Close dateNot applicable

Corporate actions

Most common corporate events

The most common corporate actions are cash and stock dividends, rights and bonus issues. Mergers, acquisitions, stock splits, reverse splits and depository receipt conversions are becoming more frequent.

Announcements are generally made about one month before record date and published in the official Korea Exchange newspaper.

Proxy voting and meeting attendance

Proxy voting is available in the Korean market and can be conducted either via the Korea Securities Depository’s voting system or by personally designating someone to attend the meeting.