Securities administration – South Korea


Income collection

Market Record dateEx-dateBasis for entitlementStandard interest calculation rule
Interest paymentCoupon
Payment date 
-1 business day

Varies according to the settlement period

Closing date for a settled position on the books

Principal * coupon rate * (actual holding period / a coupon payment cycle)

Dividend paymentBook’s Close
Book’s Close date
-1 business day

Settled position on Books Close date

Not 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 to two weeks 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.