Toss Securities achieves full-year profit target early

Toss headquarters in southern Seoul / Yonhap

Toss Securities reported an operating profit of 30.6 billion won (about $22.3 million) for the first half of this year, reaching its full-year target within just six months, the company announced Tuesday.

The investment arm of the popular Korean financial app attributed the solid performance to its robust U.S. securities trading service, which reported a 96 percent increase in trading volume year-on-year. Domestic securities trading also achieved a 38.7 percent increase in trading volume over the same period.

The company reported a net profit of 34.3 billion won during the same period and achieved a substantial increase in revenue totaling 175.1 billion won, up 81.6 percent compared to the first half of 2023.

“Our strong performance in U.S. securities trading as a market leader in Korea has been instrumental in continuing our growth in the first half of the year,” Toss Securities CEO Kim Seung-yeon said.

“For the second half, we anticipate an operating profit exceeding 60 billion won through product diversification, including U.S. bond trading and other additional streams of revenue,” he added.

Toss Securities recently broadened its offerings by introducing a new PC-based web trading system. Additionally, the company plans to expand its product lineup to include trading in U.S. bonds.

Since its launch three years ago, Toss Securities has experienced rapid growth, attracting over 6.1 million customers. To date, the platform boasts more than 3.2 million monthly active users.