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  • KOSPI Recovers to 6,850 After Dropping Over 5% Amid Foreign and Institutional Buying
    KOSPI Recovers to 6,850 After Dropping Over 5% Amid Foreign and Institutional Buying The KOSPI index fell more than 5% during trading, dropping to the 6,400 level, but managed to recover thanks to significant buying from foreign and institutional investors.On July 14, the Korea Exchange reported that the KOSPI closed at 6,856.83, up 49.90 points (0.73%) from the previous trading day. The index opened at 6,769.06 (-0.56%) and initially rose to 6,979.92 (2.54%), but selling pressure quickly intensified, causing it to drop to 6,448.86, a decline of 358.07 points (5.26%) from the previous day. It then rapidly regained ground to close higher.In the securities market, individual investors sold a net 4.15 trillion won, while foreign and institutional investors bought a net 978.8 billion won and 3.22 trillion won, respectively, absorbing the individual sell-off.Among the top market capitalization stocks in the KOSPI, Samsung Electronics rose by 3.34%, SK Hynix by 3.69%, SK Square by 2.50%, and Samsung Electronics preferred shares by 3.00%. Conversely, Samsung Electro-Mechanics fell by 2.25%, Hyundai Motor by 4.39%, LG Energy Solution by 1.98%, KB Financial by 3.33%, Samsung Life by 2.76%, and Samsung Biologics by 2.29%.The KOSDAQ index closed at 783.98, down 15.38 points (-1.92%) from the previous trading day. In the KOSDAQ market, individual and institutional investors bought a net 72.8 billion won and 158.8 billion won, while foreign investors sold a net 248.9 billion won.Most of the top market capitalization stocks in the KOSDAQ showed weakness. Alteogen fell by 11.69%, EcoPro BM by 6.01%, EcoPro by 5.38%, Rainbow Robotics by 3.49%, Kolon TissueGene by 4.83%, and EO Technics by 0.70%. In contrast, JUSUNG Engineering rose by 5.53%, PSK by 10.24%, Wonik IPS by 1.84%, and Rino Technology by 1.11%.* This article has been translated by AI. 2026-07-14 15:40:00
  • TS Trillion Faces Delisting as Stock Price Plummets
    TS Trillion Faces Delisting as Stock Price Plummets TS Trillion, known for its TS Shampoo brand, has faced turmoil over the past two to three years. A management dispute between the founder and executives lasted for two years. Although a new major shareholder (DS Union) emerged in September of last year, the major shareholder changed again to EJ & P just two months later. Amid this chaos, the company's stock price has sharply declined. After falling from the 3,000 won range earlier this year, the company executed a stock consolidation, but it had little effect. This month, the stock price has fluctuated between 600 and 700 won, putting it at risk of being delisted as a 'penny stock.' On July 14, the stock price dropped by over 8%, bringing the market capitalization below the KOSDAQ listing requirement of 20 billion won.According to the Korea Exchange, TS Trillion's stock price has remained below 1,000 won for 16 consecutive trading days from June 22 to July 14. The closing price on July 14 was 671 won. The stock consolidation, which took place at the end of March with a 5-for-1 ratio, did not have a lasting impact. Considering that the stock price was 1,557 won on the resumption of trading on May 7, it has halved in just two months. The market capitalization also falls below the delisting threshold, with an estimated value of about 19.6 billion won based on the closing price.The ongoing poor stock performance has dampened investor sentiment. The average daily trading volume this month was 13,502 shares, a 92.6% decrease from last month's average of 1,820,623 shares. Similarly, the average daily trading value plummeted from 2.173 billion won to approximately 99 million won, a 95.5% drop.The company's operational conditions are not particularly favorable either. While the first-quarter results show improvement compared to the same period last year, financial burdens remain. As of the first quarter of this year, the total liabilities stood at 33.73 billion won, a 25.9% increase from the end of last year. Current borrowings were maintained at a similar level to the previous year at 16.21 billion won, but the issuance of 3.07 billion won in convertible bonds has led to an increase in non-current liabilities.Concerns about stock value dilution persist. In May, TS Trillion issued 1 billion won in its fourth convertible bond to secure operating funds. The total amount of outstanding convertible bonds, including this issuance, is 5.9 billion won. The number of shares that can be converted is approximately 4.64 million, accounting for 15.93% of the total issued shares. This raises concerns about potential dilution of share value when conversion rights are exercised in the future.Investor anxiety is growing. Voices in investor communities are expressing concerns about the possibility of trading suspension and delisting. Some shareholders have pointed out that “objective results confirming whether the financial structure has actually improved should be available alongside the second-quarter results to support the stock price.” 2026-07-14 15:40:00
  • Trump Promises Strong Action Against Iran Amid Escalating Tensions
    Trump Promises Strong Action Against Iran Amid Escalating Tensions The conflict between the United States and Iran is escalating over control of the Strait of Hormuz. President Donald Trump has announced a resumption of maritime blockades against Iran while continuing airstrikes for the third consecutive day. He stated that cargo passing through the strait would incur a 20% fee under the pretext of ensuring safety.On July 13, U.S. Central Command reported conducting airstrikes against Iran for five hours, targeting coastal defense facilities, missile and drone bases, and naval assets in southern Iran. The Central Command described the operation as aimed at weakening Iran's ability to attack commercial vessels.In a conservative radio interview on 'The Hugh Hewitt Show,' Trump declared, "We will hit Iran very hard tonight and tomorrow." He specifically mentioned 'Pickaxe Mountain' near the Natanz uranium enrichment facility, stating, "We will eliminate it." Pickaxe Mountain is believed to house deep underground tunnels, potentially related to nuclear activities, although it was not included in the targets of the recent airstrikes.Additionally, Trump announced a maritime blockade of the Strait of Hormuz, set to resume on July 14 at 4 p.m. Eastern Time, or July 15 at 5 a.m. Korean Time. This blockade will affect vessels entering Iranian ports and coastal areas, regardless of their nationality. Ships traveling in areas unrelated to Iran will still be able to pass through the Strait.This blockade comes less than a month after the U.S. and Iran signed a memorandum of understanding (MOU) to lift previous restrictions. The MOU's key conditions included the free passage of vessels and the lifting of the U.S. blockade. However, ongoing attacks on commercial vessels by Iran and U.S. airstrikes have effectively nullified the agreement.Trump characterized the MOU as a "test" to confirm Iran's willingness to comply. He stated, "The MOU was a step before reaching a final agreement," adding that Iran did not respect that test.Trump referred to the U.S. as the 'guardian of the Strait of Hormuz' and announced that all cargo passing through the strait would be subject to a 20% fee. He argued that the U.S. should be compensated for protecting wealthy regions. However, he did not clarify how the 20% fee would be applied to cargo prices or transportation costs, nor who would collect the fees.The International Maritime Organization (IMO) has stated that imposing fees for passage through the Strait of Hormuz is not permissible. The U.S. has previously criticized Iran's proposal for tolls as a violation of international law, raising questions about the consistency of U.S. policy as it seeks to implement similar charges.Iran Promises RetaliationIn response, Iran has vowed not to relinquish control over the strait. Iranian Foreign Minister Abbas Araghchi stated, "Iran is the guardian of the Strait of Hormuz and will continue to be," adding, "20% is too high. We will act fairly."Military retaliation has also occurred, with the United Arab Emirates (UAE) Defense Ministry reporting that Iranian cruise missiles attacked two of its tankers while they were passing through Omani waters. One Indian crew member was killed, and eight others were injured in the attack.The escalation of hostilities has led to a surge in international oil prices. On July 13, Brent crude and West Texas Intermediate (WTI) both rose by over 9%, reaching their highest levels in about a month amid concerns that disruptions in the Strait of Hormuz could persist.Meanwhile, Trump is scheduled to deliver a national address on July 16 at 9 p.m. Eastern Time, or July 17 at 10 a.m. Korean Time. The speech is expected to address the potential attack on Pickaxe Mountain, the duration of the maritime blockade, and the implementation of the shipping fees. 2026-07-14 15:40:00
  • Companies Accumulate Dollars as Exchange Rates Rise Amid Forex Market Drought
    Companies Accumulate Dollars as Exchange Rates Rise Amid Forex Market Drought The foreign currency market is experiencing a paradox where there is an abundance of dollars, yet they are difficult to obtain in the forex market. This discrepancy is attributed to export companies holding onto dollars in foreign currency deposits instead of converting them to won, which is limiting the supply of dollars in the spot exchange market. Experts suggest that expectations of high exchange rates are encouraging companies to retain their dollar holdings.According to the Bank of Korea on July 14, corporate dollar deposits increased from $81.93 billion in January to $80.04 billion in April and $82.99 billion in May, after a decline to $72.71 billion in March. In contrast, personal dollar deposits decreased from $14.4 billion to $12.57 billion during the same period.The contrasting trends in dollar holdings between corporations and individuals indicate that the increase in foreign currency deposits is primarily driven by businesses. In March, corporate dollar deposits temporarily fell due to payments in won to domestic suppliers and corporate tax obligations, but they quickly rebounded, surpassing early-year levels by May. This suggests a strengthened inclination among companies to hold dollars this year.Analysis indicates that export companies are opting to keep dollars in foreign currency deposits rather than converting them to won, resulting in a reduced supply of dollars in the spot exchange market. This phenomenon is evident in the differing conditions of the foreign currency funding market and the forex market. While transactions involving borrowing dollars against won collateral are active in the foreign currency funding market, leading to favorable dollar procurement conditions, the forex market continues to face a shortage of dollars, keeping the won-dollar exchange rate elevated. Last month, the rate approached 1,560 won, and it has remained in the high 1,490s this month.Moon Da-woon, a researcher at Korea Investment & Securities, stated, "The premium reflected when borrowing dollars in the foreign currency funding market has dropped to historical lows, even turning negative. While dollars are not scarce in the foreign currency funding market, there is a shortage in the forex market, causing exchange rates to surge." Experts analyze that expectations of continued high exchange rates are further increasing corporate dollar holdings. As foreign investment funds experience net outflows due to profit-taking from rising stock prices and rebalancing, the supply-demand dynamics are leading to a dollar shortage. Companies anticipating rising exchange rates are delaying dollar sales, which is intensifying actual upward pressure on exchange rates. This cycle is exacerbated by a trend of reducing currency hedging and increasing dollar holdings, further decreasing the influx of dollars into the forex market.Looking ahead, there are indications that factors prompting companies to sell dollars may increase in the second half of the year, potentially allowing some liquidity to flow into the spot exchange market. Factors such as large-scale forward sales by Hanwha Ocean, inflows from SK Hynix American Depositary Receipts (ADRs), increased dollar inflows due to strong semiconductor exports, and demand for currency exchange for corporate tax prepayments are all cited as potential contributors to increased dollar supply. In fact, the recent drop in the exchange rate to the high 1,490s has been attributed to the effects of SK Hynix ADR conversion volumes.Moon added, "The government's foreign exchange supply and demand measures are gradually working to alleviate the supply-demand imbalance. Accordingly, adjustments in supply and demand are expected to emerge, leading to a gradual decline in expectations regarding exchange rates." * This article has been translated by AI. 2026-07-14 15:32:00
  • AI Brain Health Platform to Innovate Local Healthcare: SHMD and Seongsu Medical Foundation Partner
    AI Brain Health Platform to Innovate Local Healthcare: SHMD and Seongsu Medical Foundation Partner AI-based medical device company SHMD announced a strategic memorandum of understanding (MOU) with Seongsu Medical Foundation to establish an 'AI-based brain health management platform and expand digital healthcare services.'The agreement aims to implement SHMD's advanced medical solutions in local hospitals to enhance early detection and prevention of neurological diseases such as stroke and dementia, while building a digital-based regional preventive healthcare system.Seongsu Medical Foundation operates Incheon Baik Hospital and Ganghwa BS General Hospital in the Incheon area.The two organizations plan to collaborate closely in various areas, including the introduction of the AI platform 'BrainCheck' for brain health screening, utilizing AI for stroke risk assessment and cognitive function tests, and monitoring with the wearable cerebral blood flow ultrasound device 'Cereband.'This partnership will also provide a foundation for SHMD to disseminate clinical evidence obtained from large general hospitals to local medical settings.The representative stated, "For AI medical technology to transform patient health, not only excellent technology but also a collaborative hospital network is essential. We will build an integrated AI brain health platform and work with Seongsu Medical Foundation to expand it to medical sites nationwide."* This article has been translated by AI. 2026-07-14 15:32:00
  • Changwon Transforms into an Open-Air Sculpture Museum with 200 Works
    Changwon Transforms into an Open-Air Sculpture Museum with 200 Works This fall, the entire city of Changwon will transform into an open-air sculpture museum. Over 200 sculptures will be displayed at various locations, including Seongsan Art Hall, the historic Jinhae Station, Masan Fish Market, Changwon House, and the Changwon History and Folklore Museum.The 2026 Changwon Sculpture Biennale, the only sculpture biennale in South Korea, will take place from September 30 to November 15, under the theme 'Resonance.' This year, 74 teams of artists from 14 countries, totaling 81 participants, will showcase their work.Korean co-artistic director Cho Hye-jung and Chinese co-artistic director Zhang Jun are leading the event. Kim Sa-sook, acting CEO of the Changwon Cultural Foundation, stated at a press conference on July 14 in Seoul, "This is the first time we have invited an overseas director as a co-artistic director in the 16-year history of the event, aiming to elevate it to a global biennale based on international networks from Germany and China."A key feature of this biennale is its expansion across the entire city. The exhibition will be centered around Seongsan Art Hall and will span four regions connecting Changwon, Masan, and Jinhae, including the Changwon House, Changwon History and Folklore Museum, Jinhae Station, and Masan Fish Market. While over 60% of the works will be concentrated at Seongsan Art Hall, each region will feature at least 10 artists, ensuring that visitors can experience a complete exhibition even if they visit just one location.Co-artistic director Cho Hye-jung emphasized the significance of sculpture in the age of artificial intelligence, stating, "Sculpture is the oldest and slowest form of art. It does not get swept away by the rapid pace of a world where everything appears and disappears with a single click." He added, "When people stand before a sculpture, they pause, measure its weight, examine its surface and materials, and walk around it, allowing the power of relationship-building that sculpture has long possessed to be reactivated."Cho will explore the concept of 'Sculpture Before Sculpture' in a special exhibition, investigating the sense of form that existed in human life before sculpture became a modern art genre. Through the works of major East Asian artists such as Kim Yoon-shin, Sim Moon-seop, Park Seok-won, Zhu Ming, Zhan Wang, and Mother Stone, the exhibition will reinterpret primitive sculptural actions like carving, hollowing, and stacking.Zhang Jun will present the 'Changwon Sculpture Atlas,' a digital archive that connects this year's exhibited works with the public sculptures from past Changwon Sculpture Biennales, complete with location information. The archive is designed to help viewers reinterpret the works within the historical, geographical, and cultural context of Changwon, with some artists creating new pieces based on specific keywords. Visitors will be able to explore the artworks, locations, and keywords related to Changwon's history and culture through mobile QR codes.Notably, the biennale emphasizes the regional identity of Changwon. The industrial city of Changwon, the historically significant Masan, and the naval city of Jinhae became one city through administrative integration in 2010, yet cultural and emotional distances remain among the three areas.Hwang In, chair of the Changwon Sculpture Biennale Promotion Committee, remarked, "The southern coast line from Tongyeong to Changwon and Jinhae has produced many of Korea's leading contemporary sculptors, such as Mun Shin, Park Seok-won, and Kim Young-won. I hope this year's biennale, which approaches the essence of sculpture as a slow and heavy process, will create an opportunity for the people of Changwon, Masan, and Jinhae to resonate with one another.* This article has been translated by AI. 2026-07-14 15:24:00
  • Chinas Exports Surge 27% Amid Domestic Economic Slowdown
    China's Exports Surge 27% Amid Domestic Economic Slowdown China's exports have continued to rise sharply, increasing by 27% in June compared to the same period last year, driven by a boom in artificial intelligence (AI) investment. However, despite this export growth, domestic recovery in consumption and investment remains sluggish, raising concerns about deepening structural imbalances in the Chinese economy.According to the General Administration of Customs, June exports exceeded market expectations, significantly surpassing the previous month's growth rate of 19.4%. Earlier, Reuters had projected a modest slowdown to 18.2%.Imports also rose by 36% during the same period, exceeding both the previous month's increase of 27.4% and Reuters' forecast of 24%. As a result, the trade surplus for June reached $125.6 billion, marking the second-largest monthly surplus on record.The surge in exports is attributed to increased demand for electronic and information technology products, including computing servers and data center equipment, fueled by AI investment. The General Administration of Customs noted that exports of electronic computers and IT devices continued to grow at double-digit rates, contributing 6.9 percentage points to the overall export growth in the first half of the year.While imports also saw a significant increase, this was largely driven by rising imports of high-performance semiconductors and higher semiconductor prices, rather than a recovery in domestic consumption.Despite the positive export and import figures, experts warn that these gains have not translated into a recovery in private consumption and employment, exacerbating structural imbalances in the economy.A recent survey conducted by Reuters among 54 economists projected China's GDP growth rate for the second quarter at 4.5%, a slowdown from the first quarter's growth rate of 5.0% and below the April forecast of 4.7%. This figure is at the lower end of the Chinese government's growth target for the year, which is set between 4.5% and 5.0%. China is scheduled to release its second-quarter GDP data on July 15.Goldman Sachs recently reported that while exports continue to support overall economic activity, domestic demand has noticeably weakened. The firm noted that the increase in exports has not sufficiently stimulated the job market or improved corporate profitability, limiting the broader economic impact.In fact, consumer spending in China fell in May for the first time in nearly three and a half years since the COVID-19 pandemic, and fixed asset investment has also been in decline for two consecutive months, indicating ongoing domestic weakness.However, market analysts suggest that the likelihood of immediate large-scale economic stimulus measures is low. Given that exports and advanced manufacturing are supporting growth, it is expected that Chinese leadership will maintain the current policy stance for the time being. The Chinese leadership plans to evaluate the economic performance of the first half of the year and finalize economic policy directions for the second half at the upcoming Central Political Bureau meeting later this month.Zhou Hao, chief economist at Guotai Junan Securities, told Bloomberg that the resilience of external demand has reduced the urgency for policymakers to implement aggressive stimulus measures.Nonetheless, concerns about structural stagnation in the Chinese economy are growing. According to the Hong Kong Ming Pao, economist Li Daokui from Tsinghua University stated at a macroeconomic seminar held at Renmin University on July 11 that the simultaneous stagnation of real estate and infrastructure investment has led to a prolonged economic downturn in China for three years.He warned that the current broad unemployment rate in China has reached 10.2%, with approximately 24 million people in long-term unemployment, which poses a threat to social stability. This figure is double the urban unemployment rate of 5.1% reported by the National Bureau of Statistics in May.Li pointed out that the infrastructure investment, which has driven China's economy for the past 20 years, has significantly contracted due to fiscal deterioration. He suggested that the central government should substantially increase the planned issuance of new government bonds this year (12 trillion yuan) to actively invest in areas affecting people's livelihoods, such as local government debt resolution, unsold housing purchases, affordable housing supply, and rural welfare expansion.In the meantime, the Chinese government is also preparing long-term measures to boost consumption recovery.On July 13, the State Council approved the '15th Five-Year Plan for Consumption Expansion,' aiming to increase China's total retail sales from the current 50.1 trillion yuan to 60 trillion yuan by 2030, an increase of about 10 trillion yuan (20%). The plan includes fostering nine service-oriented consumption sectors, including elderly care, childcare, cultural tourism, healthcare, automobiles, AI, agricultural products, and winter sports. 2026-07-14 15:24:00
  • Remedy Shares Drop Over 17% on Second Day of Trading
    Remedy Shares Drop Over 17% on Second Day of Trading Remedy, a medical device manufacturer, is experiencing a decline of over 17% on its second day of trading due to profit-taking by investors.As of 2:48 PM on July 14, Remedy's shares were trading at 18,220 won, down 3,780 won (17.18%) from the previous trading day, according to the Korea Exchange. The stock opened at 23,000 won and briefly rose to 23,150 won early in the session before selling pressure caused a downturn.On its first day of trading, Remedy closed at 22,000 won, a 6.28% increase from its initial public offering price of 20,700 won. However, the significant drop on the second day is attributed to a surge in profit-taking and a general decline in investor sentiment across the KOSDAQ market.Founded in 2012, Remedy develops and manufactures portable X-ray devices based on low-dose, high-resolution X-ray imaging technology.In a public offering held on July 1-2, the company recorded a competitive subscription rate of 1,706.71 to 1, indicating strong interest from general investors.Remedy initially sought to list on the KOSDAQ in May 2022 but withdrew its application after the preliminary review. It attempted to pursue a technology-based listing in 2024 but did not pass the review. After enhancing its business performance and technological competitiveness, the company successfully completed its third attempt at listing.* This article has been translated by AI. 2026-07-14 15:24:00
  • People Power Party Holds Debate on Maintaining Supplementary Investigation Rights
    People Power Party Holds Debate on Maintaining Supplementary Investigation Rights 국민의힘이 14일 여당이 추진하는 검찰의 보완수사권 폐지에 반대하며 '장윤기 사건'을 고리로 공세를 펼쳤다. 특히 투표용지 부족 사태로 재선거를 주장하며 장외 투쟁에 집중하던 장동혁 대표는 "모든 수사권을 경찰에 넘겨주면 괴물 경찰이 탄생할 것"이라며 총력전을 벌였다. 장 대표는 이날 국회에서 열린 '장윤기 사건이 드러낸 수사 공백과 보완 수사권 필요성' 토론회에서 "장윤기 사건을 보면 경찰의 선의에 기대 제대로 수사해 달라고 기대하는 것은 불가능할 뿐 아니라 오히려 지금 필요한 것은 경찰 개혁이라는 답을 얻게 된다"며 "경찰의 거대한 권력을 반드시 누군가 견제하고 통제할 필요성이 있다는 것을 말해준다"고 짚었다. 이어 검찰의 보완수사권에 대해 "정파의 문제도 아니고 어느 한 사람을 위해, 강성 지지층을 향해 쉽게 내줄 수 있는 선물이 아니다"며 "국민의힘은 더불어민주당이 밀어붙이는 보완수사권 폐지를 막기 위해서 국민과 끝까지 최선을 다해 싸우겠다"고 강조했다. 정점식 원내대표는 '장윤기 사건'에 대해 "진실을 밝혀야 할 경찰이 오히려 진실을 외면하고 증거를 은폐하고 국민을 배신한 사건"이라며 "이런 상황에서 검찰의 보완수사권마저 폐지되면 경찰의 부실 수사와 수사권 남용을 막을 최소한의 견제 장치마저 무력화될 수 있다"고 지적했다. 이어 "보완수사권은 검찰을 위한 제도가 아닌 국민의 권익을 보호하고, 억울한 피해자가 발생하는 것을 막기 위한 제도"라며 "국민의힘은 보완수사권 폐지에 단호히 반대한다. 단 한 명의 억울한 국민이 생기지 않도록 사법 파괴에 맞서겠다"고 덧붙였다. 이날 토론회에는 당 지도부와 국민의힘 의원 20여 명이 참석했다. 아울러 '부산 돌려차기 사건'의 피해자 김모 씨와 해당 사건을 맡은 변호사 등이 참석해 보완수사권의 필요성을 주장했다. 김 씨는 범행 피해 당시 입었던 청바지를 공개하며 "경찰과 검찰 수사에서 똑같은 증거였지만, 검찰의 보완수사로 상해 사건에서 중상해 혐의로 변경할 수 있었다. 수사 단계의 판단을 다른 기관이 한 번 더 검증하는 것은 선택이 아니라 의무"라고 말했다. 김재련 법무법인 온세상 대표변호사는 "사건 기록이 검찰과 경찰을 뱅뱅 도는 사이에 증거가 인멸되고 피해자 고통은 가중될 것"이라며 "보완수사권 폐지를 주장하는 자가 가해자"라고 목소리 높였다. 앞서 국민의힘은 전날 의원총회에서 검찰의 보완수사권을 유지하는 내용의 형사소송법 개정안을 당론으로 발의하기로 했다. 최은석 원내수석대변인은 이날 국회에서 기자들과 만나 "법률지원단에서 준비된 안에 보완 의견이 있어 내부 검토를 거쳐 최대한 빨리 제출할 예정"이라며 발의 시점에 대해서는 "최대한 빨리 계획하고 있지만 변동 가능성이 있다"고 밝혔다. * This article has been translated by AI. 2026-07-14 15:20:00
  • Toss Bank Extends Fee Waiver for International Remittances Until Year-End
    Toss Bank Extends Fee Waiver for International Remittances Until Year-End Toss Bank is enhancing its foreign exchange services as it targets the traditionally bank-dominated foreign exchange market.On July 14, Toss Bank announced it will extend the waiver of the 3,900 won fee for international remittances until December 31, 2026.This extension is aimed at reducing costs in response to the steadily increasing customer demand since the launch of its international remittance service in January of this year.The fee waiver, which currently applies to seven currencies, will continue through the end of the year and will also be available for any additional currencies added in the future.The range of remittable currencies will also expand. The Japanese yen (JPY), Vietnamese dong (VND), and Thai baht (THB) will be newly added, bringing the total to ten currencies, including the existing U.S. dollar and euro.Japan, Vietnam, and Thailand are regions with high demand for remittances related to travel, study, local living expenses, and family support, and this expansion is expected to broadly address the remittance needs in Asia.Toss Bank's international remittance service offers a user-friendly experience, allowing customers to intuitively check key information such as expected arrival amounts and fees within the app. However, transaction fees incurred when withdrawing from foreign currency accounts for remittances will still apply as before, separate from the waived remittance fee.A Toss Bank representative stated, "By extending the fee waiver and expanding the currencies, we have made it easier for customers to utilize our foreign exchange services. We aim to provide a convenient and reasonable financial experience that carefully reflects everyday foreign exchange needs."* This article has been translated by AI. 2026-07-14 15:20:00