[Edaily Reporter Kwon Oh Seok ] SamsungSecurities(016360)announced on the 13th that the initial allocation for the second round of sales of the public-participation National Growth Fund had sold out. Accordingly, sales of an additional 14.7 billion won will continue starting today. (Photo courtesy of SamsungSecurities) According to SamsungSecurities, the initial allocation was completely sold out on the morning of the 8th. The Citizen Participation National Growth Fund is a product that allows investors to subscribe through a dedicated account; if held for at least three years, investors are eligible for income tax deductions of up to 40% of the investment amount and separate taxation on dividend income. This fund is a five-year, publicly offered closed-end fund that does not allow early redemption, and the second tranche of the National Growth Fund will be available for purchase only through the 15th. A SamsungSecurities official stated, “As we are selling an additional 14.7 billion won starting on the 13th, we will strive to provide investment opportunities to customers interested in the National Growth Fund.”
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