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Finance

Public-participation national growth fund sells out on first day; what to check before investing

A public-participation national growth fund investing in advanced strategic industries such as semiconductors, AI, secondary batteries and biotech is selling briskly from the start, with brokerages reporting early sell-outs. The product is sold on a first-come, first-served basis through June 11, with a 600 billion won public offering target this year. It includes tax benefits tied to a dedicated account, but it is not a principal-protected product and is subject to liquidity constraints and market risks.

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

Shinhan Bank launches National Growth Fund sales to link investment to advanced industries

Shinhan Bank will begin selling the public participation National Growth Fund, a policy investment product aimed at fostering advanced strategic industries. The bank said it will sell the fund from May 22 to June 11 with a total limit of 45 billion won. Subscriptions are available at branches and on the Shinhan SOL Bank app, with annual and multi-year limits per person. The product offers income deductions, separate taxation on dividend income, and a government-backed loss buffer, though principal loss is possible.