Toss Bank to Proceed with 200 Billion KRW Rights Offering

Toss Bank announced on the 17th that it is planning a paid-in capital increase worth 200 billion KRW. This is the seventh paid-in capital increase since the bank's launch.

The newly issued shares consist of 30.77 million common shares, with an issue price of 6,500 KRW per share. The new share price increased by 30% compared to the previous price (5,000 KRW). Toss Bank explained, "The rapid growth and innovation have been highly valued by investors, leading to the rise in the new share price." The capital increase will be conducted through third-party allotment, allowing both existing and new shareholders to participate. The capital payment date is set for the 30th of this month, and upon completion, Toss Bank's total paid-in capital will increase to 1.65 trillion KRW.

Through this capital increase, Toss Bank will welcome Korea Investment Capital as a new shareholder. Korea Investment Capital will be allocated a total of 10.13 million common shares (worth 65.9 billion KRW), securing a 4% stake. Toss Bank plans to collaborate with Korea Investment Capital in various fields going forward. Home&Shopping will also join as a new shareholder. The vast data of small and medium-sized enterprises and small business customers held by Home&Shopping is expected to provide an opportunity to enhance Toss Bank's credit evaluation model and secure potential customers.

A Toss Bank representative stated, "By fully engaging in business operations last year, we achieved business growth and were able to be recognized for our high corporate value," adding, "We will continue to introduce innovative banking services to transform customer experiences with the bank."