Toss Securities Account Openings Surpass 1 Million... 500,000 in a Single Day 'Record-Breaking'

Stock 1-Share Lottery Giveaway Event Gains Great Popularity

[Asia Economy Reporter Minwoo Lee] Toss Securities surpassed 1 million new stock accounts within a month of launching its Mobile Trading System (MTS).

Toss Securities announced on the 15th that the number of new stock accounts exceeded 1 million. Notably, 500,000 new accounts were opened in a single day. This figure is more than 10 times the previous domestic securities firms' daily maximum of 50,000 accounts. It is also described as a record-breaking number compared to internet banks and other financial sectors. Approximately 720,000 accounts were opened over the past three days, averaging about 13,000 per hour and 210 per minute. At one point, simultaneous access caused delays in account openings.

The 'Receive 1 Share of Stock' event, which started on the 12th, is considered to have been effective. New account holders were randomly awarded one share from a total of 26 stocks, including top market capitalization stocks such as Samsung Electronics, NAVER, and Hyundai Motor. This event will continue until the 18th and may end early depending on subscription status.

A Toss Securities official stated, "Last year, the stock investor population increased by about 3 million, with 1.6 million young investors under the age of 30 leading the current investment culture," adding, "From app launch to account opening and actual trading, the easy-to-understand screen layout and simple authentication process have earned enthusiastic support from the millennial generation."