Toss Securities Launch Confirmed Early Next Year... Focused on '2030 Junior Investors'

Financial Services Commission Obtains Final Approval... New Securities Firm Launches After 12 Years

[Asia Economy Reporter Minwoo Lee] 'Toss Securities,' created by the fintech (finance + technology) company Viva Republica, has confirmed its launch in early next year. This marks the emergence of a newly licensed securities firm for the first time in 12 years.

Viva Republica announced that its affiliate, 'Toss Preparation Corporation,' obtained the full license for investment brokerage to enter the securities business at the Financial Services Commission's regular meeting held on the 18th. The full license approval was completed about eight months after receiving the preliminary license in March. As a result, a new securities firm has appeared for the first time in 12 years since the establishment of IBK Investment & Securities and KTB Investment & Securities in 2008. Kakao Pay Securities, the first fintech securities firm, was launched through the acquisition of the existing Baro Investment & Securities.

'Toss Preparation Corporation' will change its name to 'Toss Securities' within this month and plans to start operations early next year. It is a wholly owned subsidiary of Viva Republica with a capital of 34 billion KRW and 80 employees.

Toss Securities will operate as a mobile-only securities firm without offline branches. Unlike Kakao Pay Securities, which does not conduct individual stock brokerage, Toss Securities will begin domestic stock brokerage services immediately upon launch. It also plans to expand services to include overseas stock brokerage and collective investment securities (fund) sales in the future.

Since there are no offline branches, all services from account opening to investment will be provided online. The strategy is to secure customer contact points through the Toss platform, which has 18 million subscribers.

The company is expected to focus on targeting people in their 20s and 30s who are starting to invest. Among Toss users, those in their 20s and 30s number 10 million. Toss Securities plans to offer a mobile trading system (MTS) designed for beginners to use easily and conveniently, while differentiating itself with investment information distinct from existing securities firms' reports, leveraging the fintech company's unique ideas and rapid execution speed as competitive advantages.

Jae-min Park, CEO of Toss Securities, emphasized, "We designed all functions of the MTS from the perspective of investment beginners, completely reorganizing key services such as menu composition, naming, and investment information exploration. Toss Securities will be an alternative for investors who found existing securities firms' MTS complicated or had vague fears about stocks."

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