The South Korea Financial Services Commission reported that cumulative sales of the second Public Participation Growth Fund reached about KRW 406 billion over six business days, equal to 67.7% of its KRW 600 billion target. Sixth-day sales rose to approximately KRW 75.8 billion after the lower-income investor priority allocation and online sales limits in place from Sept. 30 through Oct. 7 were removed, improving access across sales channels. Securities firms accounted for KRW 69.7 billion of sixth-day sales, while banks sold KRW 6.1 billion. As of 5 p.m. on Oct. 8, the 10 participating banks had about KRW 102.96 billion remaining and the 14 securities firms had about KRW 91.09 billion remaining, subject to changes from subscription cancellations.
South Korea Financial Services Commission reports second Public Participation Growth Fund sales reach KRW 406 billion after allocation limits end
The South Korea Financial Services Commission reported that six-day sales of the second Public Participation Growth Fund reached about KRW 406 billion, or 67.7% of its KRW 600 billion target. Sales accelerated to KRW 75.8 billion on the sixth day after lower-income priority allocations and online sales limits were removed.