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Finance

NH NongHyup Financial strengthens \'NH All One Derful\' brand for seniors

NH NongHyup Financial Holding said on Monday it will strengthen its senior-focused brand, NH All One Derful, launched in November to support retirement preparation and asset management. The group said it is introducing dedicated products across affiliates including banking, insurance, securities, asset management and a savings bank, citing new insurance and investment products and the sellout of a senior savings plan. It also highlighted retirement pension returns at NongHyup Bank.

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.