KakaoBank Fund Balance Surpasses 1 Trillion Won

KakaoBank announced on September 29 that its combined fund balance has surpassed 1 trillion won.

In January 2024, KakaoBank became the first internet bank to launch a fund service based on its own license. Since then, the market has grown rapidly, leading to increased customer demand for funds. According to the Korea Financial Investment Association, as of the end of July, the balance of public offering funds increased by approximately 50 trillion won compared to the beginning of the year, surpassing 300 trillion won.

In line with this trend, KakaoBank completely revamped its fund service in August. The company expanded its product lineup from 23 to 45 options, providing more choices for customers. In June, it also introduced a parking-type investment product called "Money Market Fund (MMF) Box," offering a solution for short-term fund management.

According to KakaoBank, as of September 25, the combined balance of customer investments in funds and MMF surpassed 1 trillion won. Of this, the fund service balance accounted for approximately 217 billion won, while the MMF Box balance reached 810 billion won.

In particular, within the fund service, there was a notable influx of customers into artificial intelligence (AI) and aerospace-themed funds. The top funds for new account openings were "Mirae Asset Reasonable AI Global Momentum" and "NH-Amundi Global Aerospace," in that order.

A KakaoBank representative stated, "We will continue to expand our investment context and establish ourselves as an easier and more convenient mobile investment platform."

Meanwhile, investors should be aware that financial investment products carry the risk of principal loss, and past performance does not guarantee future returns.