What it is
Korean retail IPO orders require cash up front. The usual rate is 50%: ordering 100 shares at a ₩10,000 offer price needs ₩500,000. After allocation, only the amount for shares received is taken and the rest is returned on the refund date.
How much is needed
For the equal-allocation tranche the minimum order (often 10 shares) is enough; the pro-rata tranche scales with the deposit. Deposit rates, minimum orders and per-person limits differ by broker and deal, so check the prospectus and broker notice.
What to keep in mind
The deposit is locked from the subscription date to the refund date and normally earns no interest. You may subscribe at several brokers, but not to the same IPO twice.
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This explanation is general information, not investment advice. Rules reflect September 2026 and may change; check official exchange and broker notices.