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SEOUL, May 3 Asia Pulse - South Korean companies' payments of dividends on their overseas depositary receipts (DRs) surged 25 per cent in 2003 compared to the previous year, a securities custodian said.
Twenty-three domestic companies paid 590.6 billion won (US$511 million) in dividends on overseas DRs, up from 472.6 billion won in 2002, the Korea Securities Depository said.
Nine Korean issuers of overseas DRs, or ...