Mirae Asset Global Investments Launches Subscription for 'Public Participation National Growth Fund No. 2'

The second installment of Mirae Asset Global Investments' public participation fund, which combines government-private joint policy finance support, loss protection structures, and tax benefits, has officially opened for subscription.

On September 30, Mirae Asset Global Investments announced the launch of the "Mirae Asset National Growth Public Participation Mixed Asset Investment Trust No. 2 (Private Equity Fund of Funds)." The subscription period runs from September 30 to October 15, and Mirae Asset Global Investments has set a fundraising target of approximately 200 billion won (with the entire offering amounting to 600 billion won).

The public participation fund is part of the government's "National Growth Fund" public-private financial support program, which aims to invest a total of 150 trillion won over five years into future core industries such as artificial intelligence (AI), semiconductors, energy, and bio. The fund is designed so that the general public can share in the results of this national project. Under this structure, the government invests a subordinated amount equivalent to 20% of the senior investment, and the private equity fund manager also invests its own capital on a subordinated basis, taking on losses ahead of other investors. Consequently, subordinated investors bear up to approximately 18.8–23.3% of losses at the private equity fund level first, enhancing stability. However, if losses exceed the scale of the subordinated investment, principal loss may occur.

The subscription limit is set at 100 million won per person annually through dedicated accounts, with a maximum of 200 million won over five years. Eligible subscribers include domestic residents aged 19 or older and wage earners aged 15 or older. Those who have been subject to comprehensive financial income taxation in the past three years (2023–2025), as well as participants in the first public participation fund, are excluded. However, those who only opened an account for the first fund but did not actually invest are eligible. For the first week of the subscription period, from September 30 to October 7, 50% of the total subscription amount will be allocated on a preferential basis to low- and middle-income earners (employees with earned income of 50 million won or less, or those with total income of 38 million won or less), expanding investment opportunities for the general public. After this, subscriptions will be open to all applicants regardless of income status.

For investments up to 70 million won, up to 40% of the amount is eligible for income tax deduction, and dividend income will benefit from a lower separate taxation rate of 9.9%. However, if redeemed within three years, these tax benefits may be clawed back.

Subscriptions to this second fund can be made both online and offline through three banks—Busan Bank, Woori Bank, and Hana Bank—and three securities firms—Mirae Asset Securities, NH Investment & Securities, and Yuanta Securities.

Sung Taekyung, Head of Channel Marketing at Mirae Asset Global Investments, stated, "The National Growth Fund primarily invests in high-growth strategic industries and includes a stability structure that is crucial for long-term investment. With its advantages as a tax-saving product, including income tax deduction and lower separate taxation, this fund is particularly well-suited for long-term (five-year) investments."

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