Business · Companies · 14 hrs ago

Toss Securities CEO sets focus on stronger controls after rapid growth

Toss Securities CEO sets focus on stronger controls after rapid growth

Toss Securities CEO Kim Gyu-bin says the company will focus on stronger foundations over the next two years, after a period of rapid growth.

The South Korean brokerage, launched in 2021, passed 10 million customers in July.

Kim, 37, was recently confirmed for another term and is described as the securities industry’s youngest CEO.

The company grew through stock trading and later expanded with a US subsidiary and a research centre.

Kim says serving millions of customers and handling large amounts of their assets makes trust, internal controls and customer protection essential.

He also wants the platform to make investing easier for beginners and is looking at digital wealth management as a future growth area.

Over the next two years, he says, the company will work on more sustainable growth and building a reputation as a trustworthy brokerage.

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What people are saying

Kim Gyu-binToss Securities CEO
The past two years were a period of strong growth in terms of scale. I want the next two years to be a time to strengthen our foundations as well.
via Yonhap
I want us to work on internal controls and qualitative growth, in line with the standing we have as a financial company used by 10 million people.
via Yonhap
What must not be done must not be done, and what must be protected must be protected without exception.
via Yonhap