Captured Seohak Gaemi's Interest in Just 6 Months... Toss Securities Surpasses 10% Market Share in Overseas Stocks
Cumulative Trading Volume Surpasses 13 Trillion Won... Monthly Trading Volume Enters 4 Trillion Won Range
One in Three Seohak Gaemi Uses Toss Securities for Overseas Stocks
[Asia Economy Reporter Myunghwan Lee] Toss Securities announced on the 8th that it surpassed a 10% market share in overseas stocks just six months after launching its overseas stock service. The cumulative trading volume of overseas stocks reached 13 trillion KRW, and the number of users of the overseas stock service exceeded 1.4 million.
Since December last year, Toss Securities has been expanding its presence with six consecutive months of increasing market share in overseas stocks. The market share, which was around 1% in the first month of the overseas stock service, rose to 12.5% in six months.
The cumulative trading volume of Toss Securities' overseas stocks recorded 11 billion USD (approximately 13.4 trillion KRW). Last month, Toss Securities' monthly trading volume of overseas stocks increased by 54% compared to the previous month, entering the 4 trillion KRW range. Compared to the overall overseas stock trading volume increase of about 4% during the same period, this growth is remarkable.
The number of customers using Toss Securities' overseas stock service exceeded 1.4 million. Among the 3 million domestic overseas stock investors last year, one in three is using Toss Securities. By age group, those in their 20s accounted for the largest share at 34%, followed by those in their 30s (30%) and 40s (23%).
As of the end of May, the monthly active users (MAU) of overseas stocks stood at 1.1 million, which corresponds to about 80% of the overseas stock users. The overseas stock MAU surpassed 1 million starting in April, and Toss Securities explained that the launch of fractional trading services for overseas stocks attracted investors interested in small-scale investments.
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A Toss Securities official stated, "Despite the ongoing decline in the overseas stock market since the beginning of the year, Toss Securities' overseas stock trading volume in April and May has already exceeded that of the first quarter," adding, "Customers who are starting overseas stock investments for the first time can easily explore various investment information, and the service provides a more familiar approach from the customer's perspective, which has received high praise," explaining the background of the achievement.
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