Toss Securities announced on the 14th that it recorded operating revenue of 354 billion won and net profit of 131.4 billion won in the first half of this year (January to June). Both figures marked an increase of 102% and 283%, respectively, compared to the same period last year, reaching all-time highs. In particular, the net profit surpassed last year's annual net profit within just six months.
Toss Securities explained that its performance improved as it enhanced the convenience of investment related to overseas stock transactions. In March, Toss Securities extended the after-market transaction hours for U.S. stocks by two hours compared to before and introduced AI-based real-time translation services for overseas corporations' earnings announcements.
Toss Securities also stated that strengthening the trading function of its web trading system (WTS) led to an increase in transactions.
In the second quarter of this year, Toss Securities' transaction volume for overseas stocks increased by 166% compared to the same period last year. During the same period, transaction fee revenue and currency exchange fee revenue also rose by 177% and 129%, respectively.
Toss Securities plans to introduce new services such as overseas stock borrowing and overseas stock options in the second half of this year and improve the features of the WTS.
Kim Gyu-bin, CEO of Toss Securities, said, "We will continue to pursue customer-centric service innovation in the second half, while maintaining growth through product and business diversification."