Mirae Asset Securities Opens Dedicated Account for Individual Investors' Government Bonds... First Issuance Scheduled for June

On the 20th, Mirae Asset Securities, the exclusive sales agency, announced the opening of a dedicated account for purchasing 'Government Bonds for Individual Investors,' a risk-free savings product guaranteed by the South Korean government, ahead of its launch.

[Image source=Yonhap News]

The Government Bonds for Individual Investors, first issued in June, are government bonds aimed at providing a new form of stable ultra-long-term investment and supporting individuals in building assets for retirement. They offer benefits such as additional interest rates, annual compound interest, and separate taxation when held to maturity, along with the security guaranteed by the government, attracting significant public interest even before their release.

In response, Mirae Asset Securities plans to release a live streaming video titled "100% Utilization of Government Bonds for Individual Investors" at 6 p.m. on the 29th, following an introductory video about the bonds released on the 9th. The video will be available to all Mirae Asset Securities customers via the newly launched live streaming channel M-PLAY on the mobile app M-STOCK, and participation is possible through pre-registration until the 28th.

Since Government Bonds for Individual Investors can only be purchased through dedicated accounts, opening an account in advance is mandatory. Only individuals (including minors who are residents) are eligible to invest, with a minimum subscription of 100,000 KRW and a maximum annual purchase limit of 100 million KRW. The bonds will be issued 11 times annually from January to November, with 10-year and 20-year maturities. Dedicated accounts can be opened via the Mirae Asset Securities mobile app M-STOCK or at any Mirae Asset Securities branch. For inquiries about Government Bonds for Individual Investors, customers can contact the dedicated consultation center at Mirae Asset Securities.

There are also considerations when investing in Government Bonds for Individual Investors. In the case of early redemption, the nominal interest rate is applied as simple interest, and additional interest rates, annual compound interest, and separate taxation benefits do not apply. Early redemption is possible from one year after purchase, but since redemptions are processed on a first-come, first-served basis within monthly redemption limits, redemption may not always be available. Additionally, Government Bonds for Individual Investors cannot be used as collateral for loans or pledged, and ownership transfer is restricted, so investors who may need to recover their investment mid-term should exercise caution.