South Korea’s National Pension Service introduces the citizen participation National Growth Fund on May 22, drawing over 6,000 applicants at launch. Democratic Party leader Lee Jae-myung hailed the initiative as a vital tool for expanding innovative financing, fostering future leading industries, and supporting stable asset growth for citizens.
Lee Jae-myung’s Key Remarks at Launch
During the event, Lee emphasized the fund’s role as a “strong pillar” for national progress. He stated, “Creative financing expands, future first-class industries develop, and it contributes to citizens’ stable asset growth.”
Earlier, on May 7 at the Blue House water forum, Lee remarked that leaders who fail to share growth with citizens remain isolated. He added, “The current market capitalization overwhelmingly favors future economic powerhouses like U.S. tech giants, lacking true substance.”
Lee further noted, “In this environment, citizens’ active investment in first-class industries sparks dynamic change.”
Fund Investment Focus and Citizen Benefits
The fund channels citizen investments into promising sectors like artificial intelligence and semiconductors. The National Pension Service allocates 150 trillion won to these first-class industries and shares returns with participants.
Eligibility targets individuals aged 19 and older, or workers 15 and above. However, those subject to comprehensive financial product taxation in the past three years cannot join. The fund operates over three years, allowing annual investments of 1 million won per person, or up to 2 million won over five years.
Seed capital includes up to 20% from private sources for returns and government hypothecation, with full privatization targeted within five years.
Market Growth Potential
Lee highlighted impressive returns from major firms, such as Apple’s 19-fold growth over five years. He stressed, “Citizens’ funds key into all-round leading industries, and sharing the benefits and opportunities with them positions Korea advantageously.”
Many citizens seek high returns from fund managers. Lee urged bold investment during this period, noting the absence of excessive risks, and called for close examination.
