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Finance

Mirae Asset Securities launches performance-linked IMA No. 3 worth 100 billion won

Mirae Asset Securities is launching a performance-linked integrated investment account (IMA) product worth a total of 100 billion won. The company said the product, Mirae Asset IMA No. 3, will raise 95 billion won from clients, while the remaining 5 billion won will be invested by Mirae Asset Securities as a seed investment. The product has a three-year maturity and seeks interest income mainly through corporate loans and corporate bonds.

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.

Finance

Mirae Asset Securities launches second IMA product to expand corporate finance, venture capital investment

Mirae Asset Securities said on March 24 it will launch its second Mirae Asset Investment Management Account (IMA) product. The three-year closed-end product has a minimum subscription of 1 million won and a maximum investment limit of 10 billion won. Sales will run from March 25 to 27 on a first-come, first-served basis for a total of 100 billion won, including 5 billion won seeded by the company. Returns are not fixed at subscription and will depend on performance at maturity.