Kasa Korea logistics center to pay dividend for a 4% return

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Kasa Korea logistics center to pay dividend for a 4% return

Published: 30 Aug. 2022, 16:56

Kasa Korea’s logistics center in Cheonan in South Chungcheong [KASA KOREA]

Kasa Korea is distributing the first round of dividends to investors in a logistics center in Cheonan, South Chungcheong.

The payout goes to owners as of Aug. 31 and distributed in September, Kasa Korea said Tuesday.

Investors will be earning a 4 percent annual return.

Kasa Korea is a real estate securities trading site that allows users to purchase and trade fractional ownership of buildings on its mobile app. The company issues digital asset-backed securities that represent shares in buildings and sells them to investors.

The company offered the digital asset-backed securities of the logistics center in June. Around 12 billion won ($8.9 million) of the securities were sold to around 3,000 people.

The distribution center is being rented by TE Logis, a logistics company.