The South Korea Financial Services Commission reported that sales of the second Public Participation Growth Fund ended after raising KRW 519.8 billion over 10 business days, equal to 86.6% of its KRW 600 billion target. Combined with the first fund’s KRW 600 billion, the two offerings raised about KRW 1.12 trillion in 2026. The latest total includes KRW 15 billion of seed capital from three public fund managers. Banks sold KRW 170.3 billion and securities firms KRW 334.5 billion. Online channels accounted for 83.7% of sales, up from 44% for the first fund, while lower-income investors accounted for 26.5%, down from 35%. The three master funds are scheduled to be established on Oct. 16, with investment through 10 subfunds beginning Oct. 19. Investors will be able to monitor returns through their accounts and receive detailed asset management reports every three months after establishment.
South Korea Financial Services Commission reports second Public Participation Growth Fund closes with KRW 519.8 billion raised
The South Korea Financial Services Commission reported that the second Public Participation Growth Fund closed with KRW 519.8 billion, or 86.6% of its target. Together with the first fund, the offerings raised about KRW 1.12 trillion in 2026. Investment through 10 subfunds is scheduled to begin Oct. 19.