Mirae Asset Securities to Begin First Subscription for Retail Government Bonds from the 13th

Mirae Asset Securities, the sole sales agency for the government-guaranteed risk-free savings product 'Government Bonds for Individual Investors,' announced on the 12th that it will begin the first exclusive subscription for these bonds starting on the 13th.

The Government Bonds for Individual Investors, first issued in June 2024, are government bonds designed to provide a new form of stable, ultra-long-term investment, supporting individuals in building assets for retirement preparation. They offer benefits such as additional interest rates, annual compound interest, and separate taxation upon maturity, along with the security guaranteed by the government, which has generated strong public interest even before their launch.

The June issuance has a fixed coupon plus additional interest rate of 3.69% for the 10-year bond and 3.725% for the 20-year bond. The subscription period is three days, from the 13th to the 17th. Investors can subscribe up to 100 million KRW per year, and benefits apply only upon maturity redemption.

Since Government Bonds for Individual Investors can only be purchased through a dedicated account, opening an account in advance is mandatory. Only individuals (including minors who are residents) are eligible to invest, with a minimum subscription amount of 100,000 KRW and a maximum annual purchase limit of 100 million KRW. 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 important considerations when investing in Government Bonds for Individual Investors. These bonds are long-term investment products where interest and principal are paid in a lump sum at maturity (no interest payments during the holding period). In case of early redemption, the coupon rate is applied as simple interest, and additional interest, annual compound interest, and separate taxation benefits do not apply. Early redemption is possible starting 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, these bonds 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.