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toss bank

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FSS begins inspection of Toss Bank after Japanese yen mistakenly traded at half price

The Financial Supervisory Service has begun an on-site inspection of Toss Bank after a glitch caused Japanese yen to be traded at roughly half price on the finance app.

2026.3.11

Former Toss Bank CEO Hong Min-taek [TOSS BANK]

Ex-Toss Bank CEO joins Kakao as company moves to drive innovation

Former Toss Bank CEO Hong Min-taek joined Kakao on Tuesday after completing his three-year tenure at his former company in March last year.

2025.2.5

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Kim Seung-hwan, foreign exchange product owner at Toss Bank, speaks during a press conference held in central Seoul Thursday.

Toss Bank introduces zero commission currency exchange service

Toss Bank has introduced a commission-free foreign exchange service in a move to enhance its non-interest profit.

2024.1.18

Nam Goong-won, Deputy President of Hana Bank's Financial Markets Group, right, and Kim Jee-woong, Chief Strategy Officer at Toss Bank, pose for a photo following a partnership on foreign exchange service at Hana Bank headquarters in central Seoul on Tuesday. [HANA BANK]

Hana, Toss partner on 24-hour foreign exchange services

Hana Bank has partnered with Toss Bank to enable it to leverage Hana's 24-hour foreign exchange services, it said on Tuesday.

2023.12.19

New ID verification system to allow foreigners to open bank accounts online

Jeonbuk Bank, Hana Bank and Toss Bank will use the Justice Ministry's residence card verification system starting Monday to verify foreigners' identity for online banking tasks.

2023.9.15

Toss Bank CEO Hong Min-taek, second from left, speaks at a press conference held in Gangnam, southern Seoul, to introduce a new product on Wednesday. [TOSS BANK]

Toss Bank offering an account with many account holders

Toss Bank is offering a deposit account that enables a group of people to jointly manage one account.

2023.2.1

Toss bank signs at its office building in Gangnam District, southern Seoul [TOSS BANK]

Toss Bank to issue new shares worth $75 million

Toss Bank board members decided to raise capital by issuing new stocks worth 100 billion won ($75 million), the company announced Thursday.

2022.11.24

Promotional image from Toss Bank announcing Viva Republica's acquisition of Merchant Korea [TOSS]

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.

2022.7.21

Toss Bank's foreign service promotion poster. [TOSS BANK]

Korea's Toss Bank expands services to include foreigners

“There are 1.96 million foreigners living in Korea,” said a Toss Bank official. “Yet the banking services that foreigners can use is still limited.

2022.5.2

Internet-only banks rapidly extend loans to less creditworthy

Internet-only banks are aggressively lending to borrowers with weak credit.

2022.4.7