- Toss Securities establishes its first global office in the
U.S., aiming to expand its global presence
- Kyungsoo (Peter) Kim, the
current Head of Finance, will be appointed as the CEO for U.S.
entity
- Seungyeon Kim, CEO of Toss
Securities says "The U.S. office will significantly accelerate the
company's business base in the market"
SEOUL,
South Korea, July 29,
2024 /PRNewswire/ -- In a strategic bid to extend its
global footprint, Toss Securities, a securities firm with the
largest data-driven investment platform in South Korea, is set to establish a new
corporate office in the United
States.
Toss Securities is a subsidiary of the South Korean fintech
giant, Viva Republica, which
operates the financial super app Toss. Its integrated account
service allows customers to conveniently trade multiple financial
instruments from one account without installing a separate app.
At a recent board meeting, the company unanimously voted to
approve establishing a U.S. office under the name Toss Securities
Americas (TSA), which is expected to be established during the
second half of this year.
Kyungsoo (Peter) Kim, the current
Head of Finance of Toss Securities, will be appointed as the CEO of
its new wholly owned subsidiary, TSA. This will allow Toss
Securities to bolster relationships with U.S. brokers and
partners.
Toss Securities is also actively pursuing various non-financial
business opportunities. One of its recent collaborations includes a
marketing and partnership agreement with GraniteShares, one of
the leading global ETF operators in the U.S. This partnership is
part of the company's efforts to identify and explore potential
opportunities for business expansion.
"As a market leader in Korea for U.S. securities trading, it is
a clear progression for Toss Securities to expand into the U.S.
market," said Seungyeon Kim, CEO of
Toss Securities. "We are already working closely with our partners
in the U.S., and this establishment will significantly accelerate
our business base in the market."
Toss Securities, which launched its mobile trading platform in
March 2021, has been a trailblazer in
the Korean investment industry as the first securities company of
the mobile era. As of July 2024, the
company has more than 6.1 million customers and over 3.2 million
Monthly Active Users (MAU).
About Toss Securities
Toss Securities, a subsidiary company of Viva Republica, which operates the financial
super app Toss, launched its customer service in March 2021. As a newly licensed securities
company after 13 years, it provides user-centered services with
UX/UI optimized for the mobile environment. In particular, it is
the first in the industry to introduce an integrated account
service that allows customers to conveniently trade multiple
financial instruments from one account without installing a
separate app, and as of July 2024,
more than 6.1 million customers have used Toss Securities. Monthly
Active Users (MAU) reach over 3.2 million to date. In addition to
real-time overseas decimal stock trading, the company offers a
variety of services such as community and customized content and is
evolving into a data-driven investment platform.
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SOURCE Toss Securities