Search results for Public Participation Growth Fund
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.
Finance
Samsung Asset Management launches Samsung public participation national growth fund
Samsung Asset Management will begin selling the Samsung public participation national growth fund from May 22, with subscriptions open until June 11 or earlier if the allocation is exhausted. The product is designed to share the policy outcomes of the government-led national growth fund with the public. Proceeds will be invested in unlisted companies and KOSDAQ firms in 12 advanced strategic industries. It offers tax deductions and has a five-year, closed-end structure.
Finance
Public growth fund sales to start on May 22, backing unlisted firms and tech-special Kosdaq listings
South Korea will sell a public-participation growth fund to retail investors from May 22 to June 11, raising 600 billion won and adding 120 billion won in fiscal funding to total 720 billion won. The fund will allocate at least 60 percent to companies in 12 advanced strategic industries. At least 30 percent will go as new funding to unlisted companies and Kosdaq firms listed under a technology-special listing track, with limits on KOSPI exposure.
