"To Receive Fund Redemption Proceeds, You Must Apply by the 24th"

"Domestic investors in equity and mixed equity funds must apply for redemption by December 24 to receive redemption proceeds within this year."

On the 23rd, the Korea Financial Investment Association announced that due to the Korea Exchange closing after trading on the 30th of this month and reopening on January 2 next year (closed on December 31), the redemption processing schedule for funds investing in domestic stocks will be postponed. Therefore, investors planning to use redemption proceeds within this year need to be cautious.

Generally, for domestic equity funds and mixed equity funds with an equity allocation ratio of 50% or more according to the collective investment agreement, if redemption is applied for before 3:30 PM on the 24th, the redemption proceeds will be paid on the 30th based on the announced net asset value on the 26th. However, under the "post-market trading" system, if the application is made after the reference time of 3:30 PM, the announced net asset value on the 27th will be applied, and payment will be made on the 30th.

The Korea Financial Investment Association advised that for some funds, the processing method may differ according to the individual collective investment agreement. Investors who need to withdraw redemption proceeds within the year should definitely contact their sales company in advance to confirm.