A notice at the main branch of Shinhan Bank headquarters in Seoul announces that both online and offline subscription quotas for the state-backed National Growth Fund had sold out, May 22, the opening day of retail subscriptions.
Newsis Young Koreans showed relatively little interest in the country's state-backed growth fund launched earlier this year, despite strong overall demand for the 600 billion-won ($420 million) fund, data showed Monday.
According to data obtained by Rep.
Kim Sang-hoon of the main opposition People Power Party from the Financial Services Commission (FSC), the first round of the National Growth Fund program attracted 30,038 subscribers and sold out within a week of its launch on May 22.
Investors in their 50s were the largest group by both the number of subscribers and the amount invested.
