The Financial Services Commission announced that approximately 210 billion won was sold on the first day of the second National Participation Growth Fund on September 30.
According to the commission, the second fund, aimed at raising 600 billion won over 10 business days from the general public, sold 214 billion won, which is 35.7% of its target amount.
This figure contrasts sharply with the first fund, which was 87% sold out on its first day. The difference is attributed to the exclusion of first fund subscribers and an increased allocation for low-income individuals.
Three securities firms—KB Securities, NH Investment & Securities, and Mirae Asset Securities—reported that their online sales limit of 60% was fully exhausted, meaning only offline sales will be available until October 7. From October 8, both online and offline sales will resume simultaneously.
According to the Korea Federation of Banks, the remaining amount from 10 banks totals 266.29 billion won, with 184.35 billion won available offline and 81.93 billion won online. The remaining allocation for low-income individuals is 147.39 billion won.
The Korea Financial Investment Association reported that the remaining amount from 14 securities firms is 119.71 billion won, with 69.1 billion won offline and 50.6 billion won online. The remaining allocation for low-income individuals is 81.73 billion won.
Meanwhile, the National Participation Growth Fund offers income 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.
* This article has been translated by AI.
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