trending Market Intelligence /marketintelligence/en/news-insights/trending/gzeB9atnTy5aJ6N1Sf53SQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Report: Toss P2P platform operator applies for South Korean brokerage license

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


Report: Toss P2P platform operator applies for South Korean brokerage license

South Korea-based Viva Republica Co Ltd., which operates the Toss peer-to-peer payment platform, has applied for a brokerage license, The Chosun Ilbo reported, citing industry sources.

The Financial Services Commission on May 26 rejected an application for a digital bank license filed by the company and its consortium partners.

Viva Republica filed for a brokerage license on May 30 to set up an online brokerage instead, according to The Chosun Ilbo.

The FSC is required to issue a decision to approve or disapprove a license application within two months under the Financial Investment Services and Capital Markets Act.