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Toss Becomes First Big Tech Finance Group Designated as Financial Conglomerate, Assets Hit 41.3 Trillion Won

2026-07-15 08:30:12

Hyundai Motor2.23%

DB1.16%

According to South Korea's Financial Services Commission, Toss was designated as a financial conglomerate on July 15, becoming the first Big Tech finance group to receive this classification. The designation was granted alongside seven other financial groups—Samsung, Hanwha, Mirae Asset, Kyobo Life, Hyundai Motor, DB, and Dou Kium—under the Financial Conglomerate Supervision Act. Toss met all criteria with total assets of 41.3 trillion won, including 33 trillion won in its core lending and deposit business and 7.2 trillion won in financial investment operations. As the sole newly designated group, Toss joins a supervisory framework requiring annual risk assessments, capital adequacy management, and enhanced disclosure requirements for financial conglomerates.

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