[Photo] Toss Bank Ahead of Launch

Interest in Toss Bank, the third internet bank set to launch on the 5th, is drawing attention from the banking sector. Even before its launch, Toss Bank announced groundbreaking interest rate products, including a maximum deposit interest rate of 2% per annum?the highest in the banking sector?and a minimum loan interest rate in the high 2% range, causing not only other internet banks but also commercial banks to become alert. Especially as financial authorities tighten regulations on household loans, leading to rising loan interest rates and restrictions on loan limits, Toss Bank's announcement of unsecured loans with a maximum limit of 270 million won is expected to attract demand from so-called 'loan refugees.' The photo shows the Toss Bank headquarters in Gangnam-gu, Seoul, on the 4th. / Reporter Kim Hyun-min kimhyun81@

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