Launch of Naver Account... 3% Earnings Plus Additional 3% Points Accumulation

Sign Up with ID Only on Naver App

[Asia Economy Reporter Jin-gyu Lee] Naver Financial announced on the 8th that it will launch the 'Naver Account,' which offers benefits such as point accumulation and earnings on deposited funds.

Users can easily and quickly sign up for the Naver Account using only their ID through the Naver application. The Naver Account is a demand deposit CMA account launched by Naver Financial in collaboration with Mirae Asset Daewoo, providing not only a 3% return on deposited funds but also a 3% point accumulation benefit when charging and paying with Naver Pay linked to the account.

Naver Account subscribers can earn a pre-tax annual yield of 3% on up to 1 million KRW based on their Naver Pay payment amount from the previous month. To celebrate the launch, until August 31, a 3% annual yield on up to 1 million KRW will be provided without any previous month’s performance conditions. Starting September 1, an annual yield of 3% will apply if the previous month’s payment amount is 100,000 KRW or more, and 1% if it is less than 100,000 KRW.

The Naver Account offers an interconnected experience between finance, shopping, and payments based on integration with Naver Pay. When using Naver Pay points charged via the Naver Account at various Naver Pay merchants such as Naver Shopping and reservations, 3% of the spending amount will be accumulated as points.

Choi In-hyuk, CEO of Naver Financial, said, "The Naver Account is a product focused on enabling everyone to easily and conveniently enjoy financial benefits in a low-interest-rate era, and it will be the first step toward innovative finance that Naver Financial aims for."

This content was produced with the assistance of AI translation services.