Lee Eok-won, Chairman of the Financial Services Commission, announced plans to launch a second round of the National Growth Fund, which sold out within five days of its initial release.
In a video appearance on the YouTube channel Sampro TV released on May 30, Lee stated, "We will prepare for the second round of the National Growth Fund for public participation." However, he noted that details regarding the timing and scale of the additional supply would be determined after further review.
The National Growth Fund saw 87% of its total 600 billion won ($500 million) allocation sold on its first day, with all shares sold out within five days. Due to unexpectedly high demand, the government is considering additional supply in the second half of the year.
Lee explained his personal decision to invest in the fund, saying, "I judged that it was better to participate from a responsibility standpoint," adding, "If I had delayed even slightly, I might not have been able to invest."
Regarding the recent surge of the KOSPI index past the 8,000 mark, he remarked, "The Korean capital market has reached a turning point," emphasizing the need to transition from a 'Korea Discount' to a 'Korea Premium' era.
He also mentioned preparations for 'Korea Week,' a series of corporate presentations aimed at attracting foreign investment, which will take place throughout October.
* This article has been translated by AI.
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