Two Days Before Launch of National Participation Growth Fund... FSC Urges IT Stability and Prevention of Misselling

Vice Chairman Kwon Dae-young Holds Meeting to Review Sales Preparation Status

The Financial Services Commission has reviewed the sales preparations for the "National Participation National Growth Fund (National Participation Growth Fund)", which is set to launch on May 22.

According to the Financial Services Commission on May 20, Vice Chairman Kwon Daeyoung held a meeting at the Korea Financial Investment Association to check the readiness of sales companies, such as banks and securities firms, for the launch of the National Participation Growth Fund. The meeting focused on whether overall preparations—including IT system establishment, sales staff training, and public promotion—were progressing smoothly.

The National Participation Growth Fund will be available for subscription to the general public on a first-come, first-served basis for three weeks from May 22 to June 11. If the entire 600 billion won allocation is sold out, the sales may close early. To guarantee subscription opportunities for digitally vulnerable groups, the fund plans to limit online subscription to 50% of the total allocation during the first week.

Vice Chairman Kwon requested that thorough preparations be made until the very end to prevent any inconvenience to the public during the subscription process. In particular, he stressed the importance of securing the stability of IT systems and conducting sufficient pre-launch testing to ensure smooth on-site sales.

He also mentioned the need to guide prospective subscribers to obtain the required "ISA Income Verification Certificate" in advance, in order to distribute system access demand. The government plans to temporarily expand the capacity of the linked system and strengthen real-time monitoring during the subscription period.

The Financial Services Commission emphasized that, as the general public is the main target group, special attention must be paid to preventing misselling. Vice Chairman Kwon instructed that sales staff should be thoroughly trained to ensure that consumers are not misled about key details such as the fund structure, the possibility of principal loss, and the five-year maturity.

Vice Chairman Kwon stated, "The National Participation Growth Fund has been established to foster advanced strategic industries that will lead the future of the Korean economy, and to share the fruits of that growth with the public. Sales companies should make full use of their own infrastructure to proactively guide the public through the subscription procedures and precautions, so that no one is unable to subscribe due to lack of information. I urge everyone to approach this with special attention and a strong sense of responsibility."

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