[New Year's Message] Kim Seung-yeon, CEO of Toss Securities, "Expanding Investment Scope in Domestic and International Stock Trading"

Kim Seung-yeon, CEO of Toss Securities, stated on the 2nd, "Until now, we have focused on domestic and international stock trading, but now we plan to expand the scope of investment and provide various investment opportunities to Toss Securities customers."

Kim Seung-yeon, CEO of Toss Securities. (Provided by Toss Securities)

In his New Year's address, CEO Kim said, "Just as we have attracted new investors to the platform through fractional investing and stock accumulation, we will contribute to the increase of individual investors and the activation of investment culture with differentiated products and services."

CEO Kim evaluated that Toss Securities achieved meaningful results last year in the retail-based brokerage sector. He said, "In the second half of 2023, we ranked 4th in the overseas stock trading market share, successfully capturing both growth and profitability," adding, "Even in a high-inflation environment with volatile capital markets, we implemented strategies to maximize profitability, achieving about 30 billion KRW in net profit improvement within the year."

He viewed this year as a year of great opportunities and challenges for Toss Securities. The first opportunity he pointed out was the retail business. He said, "As the individual investor market grows in earnest, one out of three domestic voters is an individual investor holding stocks," and added, "The proportion of direct individual investment is gradually increasing and is expected to rise to 50% in the mid to long term."

He continued, "In this trend, the growth potential of the overseas stock market is particularly remarkable," and said, "Five or ten years from now, when one out of two voters is an investor, to provide the best service in the stock trading field, we must read the changes and prepare in advance starting now."

He also emphasized the innovation of securities services. He said, "Now is the AI era, the computing paradigm is changing, and we are at the beginning of this inflection point," adding, "Along with improving profitability, continuous technology-based innovation is also an indispensable task."

Finally, he pledged, "With a creative and value-creation-based startup spirit, we will strengthen our identity as a securities firm that customers can trust and lead the growth of Toss Securities together."

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