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Finance

KakaoBank target-switching fund hits goal in 45 days

KakaoBank said on Tuesday that its target-switching fund product introduced in November achieved its target return in 45 days. The fund automatically switches assets from relatively risky holdings such as equities to safer assets such as bonds once a preset return is reached. Its first fund hit a 6 percent target. KakaoBank is launching second and third funds, including an ETF-based product with a 7 percent target return.

Finance

Naver Pay strengthens cooperation with iM Bank to boost local currency use

Naver Pay said on Jan. 14 it is expanding cooperation with iM Bank to help revitalise local currencies and improve payment convenience. It will begin taking applications for its Npay Connect offline integrated terminal at iM Bank branches. The two have cooperated since 2024 to support local currencies including Daeguro Pay and the Pohang Love Card. They plan broader deployment in Daegu and Pohang and to jointly run guidance and promotion channels for local merchants.

Industry

Hecto Healthcare runs Lunar New Year promotion for inner beauty brand Onlytual

Hecto Healthcare said on Tuesday its inner beauty brand Onlytual launched a Lunar New Year limited gift edition featuring a lucky pouch-inspired sleeve design. A promotion runs until Feb. 22 on the brand’s official online store, targeting women in their 20s to 40s. Two gift edition types offer discounts of up to 35 percent and 26 percent, along with shopping bags. Buyers receive 5,000 won in store credits, and combined coupons offer up to 49 percent off.