[Asia Economy Reporter Jin-ho Kim] Hanwha Investment & Securities announced on the 25th that it will acquire an additional 6 million shares of Toss Bank, the third internet-only bank. This amounts to approximately 30 billion KRW.
After acquiring the shares, Hanwha Investment & Securities' stake in Toss Bank will be 8.9%. The scheduled date for the share acquisition is the 28th. Hanwha Investment & Securities stated that the purpose of acquiring the shares is "to achieve synergy effects with its core securities business and to diversify revenue."
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