Domestic Equity Funds Must Submit Redemption Requests by the 24th to Receive Redemption Payments

[Asia Economy Reporter Oh Ju-yeon] Domestic investors in equity-type or mixed equity-type funds who plan to use their fund investment within the year must apply for redemption by the 24th.

On the 21st, the Korea Financial Investment Association announced that as the Korea Exchange will close after trading on the 30th and reopen on January 4th next year, the redemption processing schedule for funds investing in domestic stocks will be postponed accordingly.

Typically, for domestic equity-type funds and mixed equity-type funds with an equity inclusion ratio of 50% or more according to collective investment regulations, if redemption is applied for before 3:30 PM on the 24th, the announced reference price on the 28th will be applied, and payment will be made on the 30th.

However, if the application is made after 3:30 PM on the 24th, the announced reference price on the 29th will be applied, and payment will be made on the 30th.

The Financial Investment Association urged, "Since some funds, such as overseas investment funds, may have different processing methods according to their individual collective investment regulations, investors who need to withdraw redemption proceeds within the year should check with their sales company in advance."

This content was produced with the assistance of AI translation services.