Lee Eok-won (이억원), chairman of the Financial Services Commission, said there will be additional supply of the sold-out Public Participation Growth Fund.
The financial industry said Lee said in a SamproTV YouTube video released on May 30 that he would prepare and launch a second tranche.
The Public Participation Growth Fund was sold in a total of 600 billion won, with 87 percent of the first-day allocation taken up.
It was fully sold on May 29, five business days later, indicating demand was larger than expected.
Lee explained that specific details on the size and timing of additional supply would be announced later.
Lee called the recent break above the KOSPI 8,000 level a "real turning point" and stressed a shift in South Korea's capital market phase.
The Financial Services Commission is also preparing "Korea Week" in October, when it will intensively hold investor briefings for domestic companies to attract foreign investment.
Ji-young Lee
ljy@d-today.co.kr