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Finance

Toss Bank wins full licence for financial investment business, eyes fund sales in second half

Toss Bank has obtained full approval to operate a financial investment business and will move into fund sales in the second half of the year. The bank said on May 14 it received the licence from South Korea’s Financial Services Commission for investment dealing and brokerage related to collective investment securities. The approval allows Toss Bank to sell publicly offered funds, and it plans to roll out fund investment services to customers within the year.

Finance

Woori Investment Securities posts 70.1 billion won Q1 net operating revenue, led by non-interest income growth

Woori Investment Securities said on Thursday its first-quarter net operating revenue rose 75.0 percent from a year earlier to 70.1 billion won, driven by growth in non-interest income. Non-interest income increased 173.3 percent to 41.4 billion won, reversing the balance with interest income. Investment banking fees and securities-related gains rose sharply. Client custody assets increased to 20.3 trillion won, and the board approved a 1 trillion won rights offering.

Finance

South Korea allows single-stock 2x ETFs, starting with Samsung Electronics and SK Hynix

South Korea\'s Financial Services Commission said on Monday the cabinet approved changes allowing single-stock exchange-traded funds based on domestic blue-chip shares. The rules take effect on April 28 and could allow single-stock leveraged products to list from May 22 after filings and reviews. The cap on holding one stock will rise to 100 percent and diversification requirements will be waived. Eligible under 2026 first-quarter 기준 are Samsung Electronics and SK Hynix.