| Mobile Web

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.