The 'National Participation National Growth Fund,' launched in May, has sold out early, prompting the release of a second fund on September 30. To expand investment opportunities for citizens who missed the first round, the allocation for low-income investors will be increased to 50% of the total sales amount.
The Financial Services Commission announced on September 8 that the second National Participation Growth Fund will be sold on a first-come, first-served basis from September 30 to October 15. The fundraising target remains at 600 billion won, the same as the first fund, and the sales period may be shortened if the allocation is exhausted early.
The second fund will be managed with a total of 720 billion won, combining 600 billion won from citizen investments with an additional 120 billion won from government funds. Three public fund management companies—Mirae Asset, Samsung, and KB Asset Management—will collect citizen funds and invest them in ten private fund management companies.
The selected private fund managers include two large firms, four medium-sized firms, and four small firms, each managing sub-funds of 120 billion won, 80 billion won, and 40 billion won, respectively.
The National Participation Growth Fund will invest in 12 advanced strategic industries, including semiconductors, secondary batteries, biotechnology, artificial intelligence, defense, robotics, and future vehicles. More than 60% of the capital raised by each sub-fund will be directed toward these primary investment targets. Additionally, over 30% will be allocated to provide new funds to unlisted companies and KOSDAQ technology-specialized listed companies through methods such as capital increases or mezzanine financing.
The second fund will expand participation opportunities for low-income individuals and youth. In the first fund, 1.2 trillion won, or 20% of the total sales, was allocated for low-income investors, but the actual participation rate reached about 35%. In response, the Financial Services Commission has increased the allocation for low-income investors in the second fund to 300 billion won, or 50% of the total sales.
Participants will also receive tax benefits. A maximum income deduction of 18 million won will apply to the investment amount, and dividend income will be subject to a separate tax rate of 9.9% for five years from the investment date. However, to receive these tax benefits, investors must use a dedicated account for the National Participation Growth Fund. The annual limit for this dedicated account is 100 million won, with a maximum of 200 million won over five years. Investors can also join through a regular account without tax benefits, with an annual investment limit of 30 million won.
Investors from the first fund are not eligible to participate in the second fund, but those who only opened an account for the first fund without making an actual investment can join the second fund.
* This article has been translated by AI.
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