2nd National Participation Growth Fund on Sale September 30 – October 15 — 600 Billion Won Target, 300 Billion Won Reserved for Low-Income Investors in First 5 Business Days
Source material is a Korean government announcement (in Korean).
The 2nd National Participation Growth Fund will be sold from September 30 to October 15, 2026 through 10 banks and 14 securities firms until the offering is sold out, and subscribers to the 1st fund are restricted from subscribing.
Key facts
| Sales period | September 30 – October 15, 2026 (10 business days, until the offering is sold out) |
|---|---|
| Target amount | 600 billion won (same as the 1st fund) — 300 billion won (50%) to be reserved for low-income investors during the first 5 business days |
| Subscription channels | 10 banks and 14 securities firms, online and in-branch (during the first 5 business days, online allocation limited to 40% for banks and 60% for securities firms) |
| Tax benefits | Income deduction of up to 40% of the invested amount, separate taxation of dividend income at 9.9% for up to 5 years — when subscribed through the dedicated account. Excludes people subject to comprehensive taxation on financial income in 2023–2025 |
| Subscription limit | 100 million won per year, 200 million won total over 5 years / minimum subscription amount 100,000 won or 1,000,000 won (varies by seller) |
| Note | Closed-end product with a 5-year maturity; if transferred within 3 years of investment, an amount equivalent to the reduced/exempted tax will be collected |
| Inquiries | Financial Services Commission, National and Regional Participation Support Division (02-2224-2072) |
Last checked:
On September 22, 2026, the Financial Services Commission (금융위원회) announced that the 2nd National Participation Growth Fund (국민참여성장펀드) will be sold from September 30 to October 15 — 10 business days — until the offering is sold out. The target amount is 600 billion won, the same as the 1st fund, and 300 billion won — 50% of the target amount — will be reserved for low-income investors during the first 5 business days after sales begin. Subscribers to the 1st fund are restricted from subscribing to the 2nd fund, and the income verification process is simplified using public MyData and the scraping system. Income deduction of up to 40% of the invested amount and separate taxation of dividend income at 9.9% for up to 5 years apply, and to receive the tax benefits investors must open and subscribe through a dedicated National Participation Growth Fund account. It is a closed-end product with a 5-year maturity, and if transferred within 3 years of investment, an amount equivalent to the reduced/exempted tax will be collected.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
Can subscribers to the 1st National Participation Growth Fund also subscribe to the 2nd?
No. People who subscribed to the 1st National Participation Growth Fund are restricted from subscribing to the 2nd fund.
When is the low-income-reserved portion allocated?
During the first 5 business days after sales begin, 300 billion won — 50% of the target amount — will be reserved for low-income investors. From October 8 to 15, the remaining offering will be sold without the low-income priority allocation or the online sales quota limit.
Can it be sold before maturity?
It can be transferred after listing on the exchange, but if transferred within 3 years of investment, an amount equivalent to the reduced/exempted tax will be collected, and because liquidity is low, a trade may not actually take place.