Korea Joongang Daily
Korea JoongAng Daily

Viva Republica chief pilloried after scaling back April Fools' Day offer of employee housing support

Lee Seung-gun, operator of financial tech company Viva Republica, came under fire from his company staff for promising to sell his house to support 10 of his employees, instead of the 100 he had initially promised a day ago.

2026-04-02

Viva Republica considers tossing local IPO in favor of U.S. listing

Viva Republica, which operates the popular money transfer app Toss and online bank Toss Bank, is mulling a U.S. listing instead of going public on a domestic bourse over concerns of lower-than-expected valuation.

2024-10-30

Toss Securities to throw U.S. bonds into mix ahead of IPO

Toss Securities will allow users to trade U.S. corporate bonds and foreign derivatives this year ahead of its parent company's expected initial public offering.

2024-03-14

Toss Securities posts first annual profit of 1.53 billion won

Operating profit, however, remains in the red as the company prepares for a possible IPO.

2024-02-15

In Korea, banks are getting into the phone business

Banks are getting into the mobile phone business in order to harvest more data from customers and keep customers on their apps.

2022-08-08

Viva Republica receives ￦300B in investments this month

Viva Republica, operator of internet-only Toss Bank, announced Thursday it received 300 billion won ($230 million) in investments this month.

2022-07-21

Viva Republica to acquire mobile virtual network operator Merchant Korea

Viva Republica, operator of internet-only Toss Bank, announced Thursday that it has signed a stock sale contract to acquire 100 percent of Merchant Korea, a mobile virtual network operator that deals in budget phone plans.

2022-07-21

Toss cuts transfer fees to zero ahead of Toss Bank opening

Toss will not charge commissions for transfers, choosing to lose money on every transaction ahead of the opening of Toss Bank.

2021-08-02

Eight Toss accounts see fraudulent transactions

Fraudulent transactions were made through Toss, Korea’s popular money transfer service, raising trust issues for a fintech company with more than 17 million subscribers locally. A total of 9.38 million won was wrongly moved from users' accounts.

2020-06-09