Shinhan Investment Corp on Feb. 9 launched its first issuing note product, Shinhan Premier Issuing Notes.

Shinhan Premier Issuing Notes are notes with maturities of less than 1 year that Shinhan Investment Corp issues directly. The product pays principal and interest according to an agreed return.

Shinhan Investment Corp introduced on-demand, fixed-term and special-sale products. The minimum subscription amount is 1,000,000 won, and the products are for individual customers.

The on-demand product offers an annual interest rate of 2.50 percent before tax. The fixed-term product offers an annual interest rate of 2.30 percent to 3.30 percent before tax, depending on the subscription period.

The 2030 special-sale product offers an annual interest rate of 4.0 percent before tax. Eligible customers are youths aged 15 to 39. The cap is 20 billion won, and sales will end early if the limit is exhausted.

Shinhan Financial Group Chairman Jin Ok-dong (진옥동) and Shinhan Investment Corp CEO Lee Sun-hoon (이선훈) subscribed to the second and third issuing notes and held a commemorative event to wish for K-growth.

The first subscriber was actor Park Bo-gum (박보검), Shinhan Financial's main model.

Jin said, "I hope Shinhan Investment Corp's issuing notes will become a reliable option for customers in wealth management and, for our economy, serve as a basis for supplying venture capital and a pump-priming catalyst for the growth of innovative companies."