National Growth Fund Second Round Sales Open After May's Early Sell-Out

First up for today's informative news.

The people's participation-type National Growth Fund, which sold out early last May, is set to begin its second round of sales.

This second batch of products will be sold on a first-come, first-served basis at 24 banks and securities firms from the 30th of this month through the 15th of next month.

Half of the total sales amount, totaling 300 billion won, will be allocated exclusively for ordinary citizens during the first week.

The eligibility includes those with earned income of 50 million won or less, or those with comprehensive income in addition to earned income of 38 million won or less.

Subscribing through a dedicated account also offers benefits such as income deductions of up to 18 million won and separate taxation on dividend income.

However, those who already subscribed to the first round of the fund are restricted from joining the second round, and investors should keep in mind that mid-term redemption is not allowed for five years.
※ Please note: This article was translated by AI and may contain errors.