Korea Investment & Securities Launches Second Round of "National Participation Growth Fund" Sales, Offers Gift Vouchers to Subscribers

Second Round of Sales Begins September 30
Total Limit Set at 600 Billion Won

Korea Investment & Securities will begin the second round of sales of the "National Participation Growth Fund" starting September 30, and will hold promotional events for customers who sign up.

According to Korea Investment & Securities on September 29, the second round of sales will be offered up to a total limit of 600 billion won. Exclusive accounts can be opened beginning today. If the allocation per securities firm is exhausted, sales may end early. During the first week of sales, from September 30 to October 7, 50% of the total amount for sale will be allocated to the general public, so the portion for the general public may sell out before other quotas.

The National Participation Growth Fund is a government policy fund designed to allow citizens to directly participate in investments into growth companies. Eligible subscribers can receive an income tax deduction of up to 40% of their contribution amount. For participating individuals with annual earned income of 50 million won or less, or for those with comprehensive income apart from salary of 38 million won or less, a maximum reimbursement effect of around 9.9% can be expected.

Customers who invested during the first round of sales cannot duplicate their subscription in this second round. However, customers who opened an exclusive account during the first round but did not invest are eligible to participate this time.

Korea Investment & Securities is also holding events for customers signing up during the second round of sales. Bankis customers who apply for the event and subscribe more than 10 million won will receive a 5,000-won gift voucher, and out of these, 10 people will be selected in a draw to receive an additional 50,000-won mobile gift voucher. Customers who open an exclusive account today and invest over 10 million won will have two chances to enter the drawing.

For branch customers, the company will hold an event until October 15, giving a 20,000-won mobile gift voucher to the first 500 people who invest more than 30 million won on a first-come, first-served basis.

A representative of Korea Investment & Securities said, "Reflecting the high level of customer interest seen during the first round of sales, we have prepared for the second round so that everything from account opening to subscription can be conveniently handled via mobile. As the quantity available is limited, customers wishing to participate are advised to open an exclusive account in advance for a more convenient process."

This content was produced with the assistance of AI translation services.