FSC Vice Chairman Visits Nonghyup Bank to Subscribe to People Participation National Growth Fund

[Financial News] Nonghyup Bank said on September 30 that Kwon Dae-young, vice chairman of the FSC, visited its Government Complex Seoul Branch and subscribed to the 2nd People Participation National Growth Fund.
Kwon inspected the distributor's preparations by personally going through the actual fund subscription process, from analyzing investor preferences to reviewing the fund's details and completing the subscription procedures. He also emphasized the purpose and importance of the People Participation National Growth Fund and urged the distributor to take particular care to prevent mis-selling in order to protect investors.
Kwon said, "The People Participation National Growth Fund will give the public an investment opportunity to share in the benefits of growth in advanced strategic industries, while providing advanced companies with the capital they need to grow and serving as a foundation for mutual prosperity. We will do everything possible to prevent mis-selling, and the government will monitor conditions on the ground in real time and swiftly address difficulties to minimize inconveniences for the public."
The 2nd People Participation National Growth Fund will be offered on a first-come, first-served basis for 10 business days from September 30 through October 15. The fund is not protected under the Depositor Protection Act, and investors may incur a loss of principal depending on the investment results. It is also a closed-end product with a five-year maturity, for which holding the investment until maturity is the general rule, and is classified as a Grade 1 "Very High Risk" product. Before subscribing, investors must carefully review the fund's investment targets, investment risks, redemption terms and eligibility requirements for tax benefits, and determine whether it suits their investment objectives and risk tolerance.



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