Korea Herald
Korea adds Toss to large business group list after stock market boom
By The Korea Herald

Toss has joined South Korea's list of large corporate groups for the first time, riding a prolonged stock market rally that lifted assets across the financial sector. The Fair Trade Commission designated Toss operator Viva Republica as a publicly disclosed business group on Wednesday. The label applies to conglomerates with combined assets above 5 trillion won ($3.38 billion). The designation takes effect May 1. Toss was one of 11 newly added groups. Daou Kiwoom Securities moved up to a stricter