Second National Growth Fund to Launch in Q3 with 600 Billion Won Scale
The Financial Services Commission will launch the second round of the National Growth Fund for Citizen Participation in the third quarter, with a total size of 600 billion won.
Eokwon Lee, Chairman of the Financial Services Commission. Provided by the Financial Services Commission.
View original imageAccording to financial authorities on June 14, Eokwon Lee, Chairman of the Financial Services Commission, stated at the 'National Participation Growth Fund Management Companies Meeting' held at the Korea Financial Investment Association in Yeouido, Seoul on June 12, "We will launch the second fund to meet public demand and contribute to a major economic leap through productive finance."
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The first fund was completely sold out in just five days, and investment management will begin on June 15. Fiscal support will be the same as the first round, with 120 billion won invested as subordinated capital. Of the 150 billion won budget for direct investment, 40 billion won will be allocated, and of the 400 billion won infrastructure investment budget, 80 billion won will be utilized.
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