Toss Securities Establishes U.S. Local Corporation 'Toss Securities America'
"Seeking to Create New Business Opportunities and Diversify Revenue"
Toss Securities is establishing a local subsidiary in the United States called Toss Securities Americas (TSA).
Toss Securities held a regular board meeting and approved the 'Establishment of a Subsidiary' as originally proposed. Accordingly, Toss Securities will establish TSA in the second half of the year.
TSA will be established as a 100% subsidiary of Toss Securities, and Kim Kyungsoo, Chief Financial Officer of Toss Securities, is expected to be appointed as the inaugural head of the corporation.
Going forward, Toss Securities will be able to discuss business more closely with securities firms and asset management companies in the U.S. through the establishment of the local subsidiary, and actively seek new business opportunities.
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Kim Seungyeon, CEO of Toss Securities, stated, “Based on the experience accumulated over the past two years through collaboration with local partners in the U.S., we decided to establish TSA to enable closer cooperation and promote new business initiatives. We will create new business opportunities encompassing both financial and non-financial sectors through the local subsidiary and achieve revenue diversification.”
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