Search results for Public Participation Growth Fund
Finance
Mitos puts financial security to the test as network separation easing begins
Single-stock leveraged ETFs and ETNs tied to Samsung Electronics and SK Hynix sharpened semiconductor concentration in South Korea\'s stock market, with first-day turnover topping 10 trillion won. Regulators warned investors about amplified losses. Financial firms also stepped up responses to AI-driven cyber threats as the emergence of high-performance AI \"Mitos\" raised concerns about more sophisticated hacking, prompting authorities to review easing and possible full removal of network separation rules.
Finance
Public Participation Growth Fund to get second tranche as sellout prompts additional supply plan
South Korea’s Financial Services Commission chairman Lee Eok-won (이억원) said authorities will prepare and launch a second tranche of the Public Participation Growth Fund after the first offering sold out. The 600 billion won fund saw 87 percent of its allocation taken up on the first day and was fully sold within five business days. Lee said details on the size and timing of additional supply will be announced later.
Finance
FSC chairman Lee Eok-won signs up for public participation growth fund
Lee Eok-won (이억원), chairman of South Korea\'s Financial Services Commission, signed up on Thursday for the public participation growth fund that went on sale that day and urged public involvement. He visited an NH NongHyup Bank branch in Seoul to complete the subscription process, including investor profiling and reviewing disclosures. The fund is designed to share policy outcomes with the public by investing in advanced strategic industries.
