Finance

Second public participation National Growth Fund sales begin, raising 600 billion won

Sales of the second public participation National Growth Fund open on Sept. 30, allowing retail investors to invest in the government’s National Growth Fund programme. The fund will raise 600 billion won and invest in future advanced industries such as AI, semiconductors, energy and biotech. Asset managers including Mirae Asset, KB and Samsung have begun fundraising, while brokerages opened dedicated savings accounts and started sales. The product includes a loss-buffer structure and tax benefits tied to holding requirements.

Finance

KODEX US Semiconductors adds SK hynix ADR

Samsung Asset Management’s KODEX US Semiconductors exchange-traded fund has added SK hynix American depositary receipts after a regular change to its underlying index. The company said the inclusion follows the September rebalancing of the MVIS US Listed Semiconductor 25 Index, with an estimated weight of about 4.8 percent. SK hynix ADRs joined the index about two months after listing on Nasdaq on July 10.