Toss Bank, which achieved its first annual profit last year since its establishment, announced on the 16th that it is preparing to expand into overseas markets.
Toss Bank held a press conference at the Fairmont Ambassador in Yeouido, Seoul, on the 16th, where it announced this information. At the conference, Toss Bank unveiled its business strategy for the next 3 to 5 years. Toss Bank's mid- to long-term business strategies are ▲ global expansion ▲ customer-centric optimization ▲ standardization beyond technology internalization.
Lee Eun-mi, CEO of Toss Bank, said, "The global market is what will sharply enhance Toss Bank's growth potential," adding that, "We will take on challenges based on our innovative experience in the domestic market." The CEO noted, "We are considering both emerging markets and global markets, but we are not yet limiting ourselves to specific countries," and added, "So far, we are thinking about equity investments or establishing joint ventures."
Meanwhile, Toss Bank reiterated its willingness to enter the corporations finance sector as a mid- to long-term goal. The bank's goal is to offer different types of products in corporations finance compared to existing banking products. The CEO stated, "I think cookie-cutter products, such as those from other banks, are not ideal," and mentioned, "We are primarily considering guarantee loans for small to medium-sized enterprises and are contemplating how to differentiate our offerings."
Toss Bank reported that it recorded a net profit of 45.7 billion won last year, achieving its first annual profit since its establishment. Last year, the number of customers exceeded 12 million, while the monthly active users (MAU) were reported to be 8.8 million.