Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
Korea's first ETF tracking 1-year CD rates to debut
Kim Nam-ki, head of the exchange-traded fund (ETF) management business unit at Mirae Asset Global Investments, speaks during a press conference at the firm's headquarters in central Seoul, Thursday. Kim announced that the company's Mirae Asset Tiger Synth CD 1-Year Rate Active ETF will be listed on the main bourse KOSPI on Tuesday as Korea's first ETF that tracks one-year certificate of deposit rates. So far, there have have been ETFs that track three-month certificate of deposit rates in the country. Calling it "the country's first listed savings deposit," Kim said the ETF is more cashable than other savings products, which require a certain period of maturity. He added that the fund has the highest annual interest rate among any interest rate-type ETFs listed in the country. Courtesy of Mirae Asset Global Investments
By Anna J. Park