Second National Participation Growth Fund Sells 214 Billion Won on Launch Day

The second National Participation Growth Fund exceeded 200 billion won in sales on its first day.

The Financial Services Commission announced that approximately 214 billion won was sold on September 30, representing 35.7% of the total fundraising target of 600 billion won.

Three securities firms—KB Securities, NH Investment & Securities, and Mirae Asset Securities—completely sold out their online sales limits. These firms will only conduct offline sales through their branches until October 7. Starting from October 8, the remaining amount will be available for sale both online and offline.

The remaining amounts from ten banks total 266.29 billion won (183.45 billion won offline and 81.93 billion won online). Fourteen securities firms have a total of 119.71 billion won left (69.1 billion won offline and 50.6 billion won online).

Of this, the allocation for low-income individuals amounts to 229.12 billion won (147.39 billion won from banks and 81.73 billion won from securities firms).

The second National Participation Growth Fund will be sold on a first-come, first-served basis at banks and securities firms until October 15. The fund offers income tax deductions of up to 40% on investments and a separate taxation benefit of 9.9% on dividend income. In the event of losses, the government will bear 18.8% to 23.3% of the losses as a subordinate obligation.