Toss Securities said on the 29th that it will significantly expand its in-house global news service to boost overseas stock investors' access to information and competitiveness.
With this overhaul, Toss Securities customers will be able to read premium articles from the world's leading media outlets in Korean without language or expense barriers, the company said.
Six major global outlets have been added. They are The Wall Street Journal (WSJ), Barron's, MarketWatch of Dow Jones, Investors Business Daily (IBD), MT Newswires, and TipRanks.
The expansion of the global news service is expected to further broaden the range of global market information available to domestic investors. Until now, many retail investors in Korea relied on foreign-language articles or paid subscriptions to understand key issues in overseas financial markets.
Toss Securities uses a proprietary translation model to translate and provide for free some overseas articles that were offered only in English into Korean, and also supports an artificial intelligence (AI) summarization feature to present key points at a glance. This has created an environment where individual investors can access a wider array of global information.
With this overhaul, the volume of Toss Securities' U.S. market news has increased about threefold compared with July. The amount of coverage on individual stocks has nearly doubled. Toss Securities plans to continue quality checks and reinforcement learning for translation to bolster the reliability and completeness of its content, while adding more global news outlets.
A Toss Securities official said, "We will continue to expand our services so that investors can make sound decisions without information gaps."