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Finance

KakaoBank target-switching fund series surpasses 15 billion won in 3 months

KakaoBank's target-switching fund series has repeatedly met its target return in a short period of time. The funds automatically switch assets into safer holdings once a preset return is reached to lock in gains and reduce risk from market swings. The first product hit a 6 percent target in 45 days, while the second and third reached 7 percent in 32 and 23 days. Cumulative sales exceeded 15 billion won in three months.

Finance

K Bank launches limited ONE check card Pingu edition

K Bank said on March 9 it has launched a limited run of 50,000 ONE check cards in partnership with Pingu. The bank introduced four designs featuring Pingu, his sister Pinga and friends. It said previous limited character editions of its ONE check card have sold out in succession. To mark the release, K Bank is running a draw promotion through March 31, awarding 100 participants Pingu dolls and automatic umbrellas.

Games & Commerce

Naver Webtoon pilots global simultaneous serialization, payments up to 208 percent

Naver Webtoon said a pilot programme removing the publication time gap between its Korean and global services showed clear benefits in protecting creator income. The company aligned the return dates after hiatus for four Korean original webtoons across Korean and multiple global-language services. It said all four titles posted sharp increases in seven-day payments and weekly readers versus the eight-week average before the hiatus, with global payments up as much as 208 percent.