South Korea's Supreme Court has ruled that Samsung Securities must pay ₩1.86 billion in compensation to the National Pension Service of Korea.

August 12th. The Supreme Court of Korea ruled that Samsung Securities must pay 1.86 billion Korean won to the National Pension Service to compensate for losses incurred due to a dividend payment error in 2018.

In April 2018, Samsung Securities mistakenly issued 1000 shares instead of 1000 Korean won in cash dividends to each employee, leading to a 11.7% intraday stock price plunge caused by employees selling off the shares. The National Pension Service sought 29.9 billion Korean won in compensation, while a lower court ordered Samsung Securities to pay 1.86 billion Korean won. The Supreme Court of Korea upheld this ruling on Wednesday.