This file photo taken June 3, 2021, shows Samsung Electronics Co.’s corporate logo at its office building in Seoul. (Yonhap)
SEOUL, May 5 (Korea Bizwire) — In the midst of a decline in the average age of stock investors, the number of Samsung Electronics Co. shareholders who are under 20 years old is rising at a rapid pace, data showed Wednesday.
The number of small shareholders in global tech giant in this age group totaled 358,257 at the end of last year, the largest in history, accounting for 7.07 percent of the company’s total shareholders, according to the data from the Korea Securities Depository.
The number of Samsung Electronics shares owned by those in this age group stood at 14,834,499, or 0.25 percent of the total outstanding shares, with the value of these stocks estimated at 971 billion won (US$766 million) based on the closing price on Tuesday.
As of the end of last year, their per capita ownership of Samsung Electronics shares averaged 41 shares or about 2.77 million won on the basis of Tuesday’s closing price.
On the back of the stock investment fever, the total number of Samsung Electronics shareholders jumped, with the number of those in this age group marking a 24-fold jump over the past three years and more than tripling since late 2020, when the number of such investors stood at a mere 115,083.
At the company’s annual shareholders meeting held in March, the number of participants hit a record high at about 1,600, including some elementary school-aged shareholders.
There is no age limit in stock trading, but those who are under 20 years old should open their stock accounts based on the consent of parents or legal guardians.
J. S. Shin (js_shin@koreabizwire.com)
