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Games & Commerce

Korea platform membership rivalry heats up: Naver points vs Coupang delivery vs Kakao connections

Kakao has launched a 4,900-won monthly integrated membership and started first-come, first-served sign-ups for a small group of users, intensifying paid membership competition among Korean platforms. Naver Plus Membership also charges 4,900 won and has expanded benefits from shopping points to content and delivery. Coupang’s Wow Membership costs 7,890 won and focuses on shipping and food delivery. Kakao is tying KakaoTalk users to shopping, payments, content, finance and insurance services.

Finance

Naver Pay links KODIT firm database to support startup fundraising

Naver Pay will link the corporate database, management diagnosis information and guaranteed-company network held by Korea Credit Guarantee Fund with its Npay Startup investment platform, it said on Wednesday. The platform connects startups and venture firms with securities companies, venture capital firms and other investors. The three organisations also plan to create a KODIT-dedicated section and curated listings on the platform and to hold joint IR events and promotions.

Finance

Pinda appoints Ahn Joong-hyun as first chief product officer

Pinda has appointed Ahn Joong-hyun (안중현), a former vice president at Nexthurs, as its first chief product officer, the company said on Wednesday. Ahn has about 20 years of experience in the finance and IT industries, spanning commerce, internet-only banks, financial platforms and blockchain. Pinda plans to use financial data accumulated through its loan comparison service and AI to enhance services from product search to execution and management.