Toss Bank Wins Three Awards Including Prime Minister's Commendation at the 10th Finance Day

Prime Minister's Commendation and Financial Services Commission Chairman's Award in Inclusive Finance
Financial Services Commission Chairman's Award in Savings and Investment
Eunmi Lee, CEO of Toss Bank: "We will strive to ensure finance is fair and safe for everyone through innovation and inclusivity."

At the '10th Finance Day' event held on the 28th at the Korea Economic Association headquarters in Yeongdeungpo-gu, Seoul, Eunmi Lee, CEO of Toss Bank (second from left), along with executives and employees who received awards in three categories including the Prime Minister's Commendation, posed for a commemorative photo with Eogwon Lee, Chairman of the Financial Services Commission (third from left), and Chanjin Lee, Governor of the Financial Supervisory Service (fourth from left), all smiling brightly. Toss Bank

Toss Bank received the Prime Minister's Commendation and the Chairman of the Financial Services Commission's Award in the inclusive finance category, as well as the Chairman of the Financial Services Commission's Award in the savings and investment category, in celebration of the 10th Finance Day.

Toss Bank announced that it was recognized in a total of three areas across two categories at the 10th Finance Day ceremony, held on the morning of October 28 at the Korea Economic Association headquarters in Yeongdeungpo-gu, Seoul. Choi Seungrak, Chief Consumer Officer (CCO) of Toss Bank, and Cho Wonhyeong, leader of the Jeonse Loan Squad, received the Prime Minister's Commendation and the Chairman of the Financial Services Commission's Award, respectively, in the inclusive finance category. Hwang Hyunjung, Chief Asset Officer, was awarded the Chairman of the Financial Services Commission's Award in the savings and investment category.

CCO Choi Seungrak was highly praised for Toss Bank's introduction and operation of the "Safe Compensation Program," the first in the Korean banking sector to provide substantial compensation to victims of financial fraud. Since its launch, Toss Bank has established a system that not only prevents customer losses but also supports real recovery after damage occurs. The bank has redefined its active social responsibility and connected financial consumer protection to the realization of shared value with customers.

Chief Asset Officer Hwang Hyunjung was recognized for introducing the first Wealth Management (WM) service among internet banks. Toss Bank's flagship service, "Lump Sum Investment," has dramatically improved investment accessibility for financial consumers. Since its launch in August 2022, the service has expanded to include bonds, commercial papers, repurchase agreements (RP), and equity-linked bonds (ELB), broadening customers' investment choices. In addition, by visualizing key information such as credit ratings, returns, and investment periods, and introducing an investment calculator, Toss Bank has helped customers make informed investment decisions. As a result, by the end of September this year, customer demand exceeded 20 trillion won, further strengthening Toss Bank's capabilities as a platform in just three years.

The planning of inclusive finance products for financially vulnerable groups and the establishment of a system to prevent jeonse fraud formed the basis for leader Cho Wonhyeong's award. The Jeonse and Monthly Rent Loan product, launched by Toss Bank in September 2023, was the first among internet banks to introduce "Special Guarantee for Large Families" and "Special Guarantee for Credit Recovery Supporters," providing new opportunities for customers with limited access to finance. In particular, the "Jeonse Keeper Guarantee" enabled customers to easily subscribe to return guarantees online, regardless of housing type. This served as a social safety net for young people anxious about "jeonse fraud" and "negative equity jeonse."

Eunmi Lee, CEO of Toss Bank, who graced the occasion, stated, "I believe Toss Bank's relentless innovation and boundless inclusivity shone through once again at the 10th Finance Day. We will continue to strive to ensure that finance is fair and safe for everyone, based on the trust of our customers."

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