Hanwha Investment & Securities is running a promotion that pays up to 200,000 won ($143) to customers who subscribe to the second round of the public-participation National Growth Fund.
The brokerage said on the 30th that the "Second National Growth Fund Dedicated Savings Account" event runs through Oct. 15. Customers who subscribe to the second public-participation National Growth Fund through a dedicated savings account during the period will receive cash of up to 200,000 won, depending on their net subscription amount.
Eligibility is limited to domestic residents aged 19 and older, or wage earners aged 15 and older. Subscribers to the first round of the public-participation National Growth Fund, as well as corporations and foreign nationals, are excluded.
The public-participation National Growth Fund is a policy product that invests in advanced strategic industries such as artificial intelligence, semiconductors and biotechnology. Investors who subscribe through a dedicated savings account can receive income deductions of up to 40%, depending on the investment bracket, and a separate 9.9% tax rate on dividend income. The fund is a closed-end product with a five-year maturity that does not allow early redemption, and investors who transfer their holdings within three years of investing are subject to clawback of the tax benefits they received.
Lim Ju-hyuk, managing director of Hanwha Investment & Securities' asset management division, said the firm prepared another customer promotion for the second subscription period on the strength of the first public-participation National Growth Fund selling out.
