IPO Deposit Interest 1% Daishin Securities Rules

A man in a teal sweater smiles as he looks at a phone on the dining table.

This content applies specifically to South Korea.

Daishin Securities announced interest payments for companies filing securities registration statements on or after September 21, 2026. If you are planning an IPO subscription, eligibility depends on the company's filing date, not the day of the application.

What the annual rate means for a short deposit

A subscription deposit is money paid upfront when applying for shares in an initial public offering, or IPO. Terms reported on September 23, 2026 set an annual rate of 1% for amounts of 1 million won or less and 0.6% for the portion above 1 million won.

The useful distinction is between an annual rate and interest earned over a few days. Assuming the full 500,000 won earns 1% per year for 3 days on a 365-day basis, interest is about 41 won before tax. Actual payment depends on the days counted and tax treatment.

In a brokerage office overlooking autumn trees, an employee points to a document while speaking with an older man.In a brokerage office overlooking autumn trees, an employee points to a document while speaking with an older man.

A guide to checking the calculation

The original article on Injoys separates the government's proposed changes from the brokerage's announced terms. You can compare deposit and refund examples, then use its comparison tables to identify which payment details need checking.

Read the full article on Injoys

Check eligibility before estimating interest

Before calculating what you might receive, work through these checks:

  • Confirm the company's filing date meets the eligibility condition.
  • Find the balance used for interest: the reported basis is the average daily subscription deposit balance.
  • Check the rate tiers and counted days in the latest amended registration statement.

This order helps avoid applying the right rate to an ineligible offering or the wrong balance. The refunded principal, after deducting the cost of allotted shares, is not automatically the balance used for interest.

Where Daishin's terms apply

These terms concern eligible IPOs handled by Daishin Securities. The government's July 15, 2026 policy initiative does not establish payment terms at every brokerage. For subscriptions elsewhere, check that firm's notices and the latest prospectus. Reported Daishin exclusions cover canceled subscriptions and additional payments.

Details to confirm before the refund

Do weekends count toward interest?

The securities firm's calculation rules determine which days count. Do not assume the calendar period through the refund date matches the interest period.

Does an automatic refund transfer include interest?

That depends on what the automatic transfer covers. Separately deposited interest may remain in the securities account; check the transaction history on the refund date.

Find the terms for the offering

Check the handling brokerage's notices and latest prospectus. You can also review the company's registration statement and amendments through the Financial Supervisory Service's electronic disclosure system.

Read the full article on Injoys

This post was written with assistance and published on a channel run by Injoys (injoys.com). The original article and its sources are at the link above.

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