Shinhan Investment Corp. Launches First Promissory Note...First Subscriber Is Park Bogum

Special Promotion Product Offering Pre-Tax Annual Interest Rate of 4.0% for Customers in Their 20s and 30s

Shinhan Investment Corp. launched its first promissory note product on the 9th. It also introduced a special-rate product offering a pre-tax annual interest rate of 4.0% for young customers in their 20s and 30s. The first subscriber was actor Park Bogum.

According to Shinhan Investment Corp., "Shinhan Premier Promissory Note" is a note with a maturity of up to one year that is directly issued by Shinhan Investment Corp., and it pays principal and interest according to the agreed rate of return.

For the first promissory note products, the company released a demand-type, a fixed-term-type, and a special promotion-type together. The demand-type carries a pre-tax annual interest rate of 2.50%. The fixed-term-type offers a pre-tax annual rate ranging from 2.30% to 3.30%, depending on the subscription period. The special promotion product for customers in their 20s and 30s offers a pre-tax annual rate of 4.0%, and is available to young customers aged 15 to 39. The total issuance is capped at 20 billion won, and sales will be closed early once the cap is reached. The minimum subscription amount is 1 million won, and the product is for individual customers only.

To mark the launch of its first promissory note, Shinhan Investment Corp. held a commemorative event at its branch office. The first subscriber was actor Park Bogum, the main advertising model for Shinhan Financial Group. Jin Okdong, Chairman of Shinhan Financial Group, and Lee Seonhun, CEO of Shinhan Investment Corp., also subscribed.

Jin Okdong, chairman of Shinhan Financial Group (right), and Lee Seonhun, CEO of Shinhan Investment Corp., are subscribing to a promissory note product on the 9th at the Shinhan Premier Sales Department in Yeouido, Seoul. Shinhan Investment Corp.

Chairman Jin Okdong said, "Under the banner of 'K-Growth, K-Finance,' Shinhan Financial Group is actively putting productive finance into practice," adding, "We hope that Shinhan Investment Corp.'s promissory note will serve as a solid wealth management option for customers and become a source of venture capital for our economy, acting as a priming water for the growth of innovative companies."

CEO Lee Seonhun said, "Starting from the first year of launching the promissory note, we plan to practice genuine productive finance by investing 35% of the funds raised through promissory notes into venture capital. The top-tier Shinhan Financial Group network in Korea and the group's many years of accumulated investment know-how in mid-sized, small, and venture companies will also be a great strength," adding, "We will put investor protection first and do our utmost in risk management as well."

This content was produced with the assistance of AI translation services.