Government Bonds Are Now a 'Tech' Investment Too…July Government Bonds for Individual Investors, Pre-Tax Yields Up to 99%

Key points in 3 lines

1. The Ministry of Economy and Finance will issue 140 billion won worth of government bonds for individual investors in July, consisting of 90 billion won in 5-year bonds, 40 billion won in 10-year bonds and 10 billion won in 20-year bonds.
2. Subscriptions run from July 9 to July 15 at Mirae Asset Securities branches and online, open to individuals holding a dedicated account, with a minimum of 100,000 won and a maximum of 200 million won per year.
3. If held to maturity, the applied interest rates are 3.030% for 5-year, 3.385% for 10-year and 3.500% for 20-year bonds, while early redemption forfeits the additional interest and the separate taxation benefit.

Written by our reporter · 3-line summary by Koto, The Korean Today's AI assistant · 88 languages ⓘ