PANews, September 9th - According to a report by Reuters, Lee Seung-gun, the founder and CEO of South Korean fintech unicorn Toss, stated that Toss plans to launch its "one-stop" financial application in Australia this year and expand to other markets. Furthermore, once regulatory approval is obtained, it aims to issue stablecoins denominated in Korean won. In an interview on Tuesday, he said, "We have proven in South Korea that startups can compete head-to-head with established companies, and a similar model can work globally." The company has established a branch in Australia and plans to launch core services such as peer-to-peer transfers by the end of the year. The company is also evaluating other regions, with Singapore serving primarily as a regional hub.
Earlier, Reuters reported in July that Toss aims to go public in the United States in the second quarter of 2026, with a valuation exceeding $10 billion. Some market observers indicated that its valuation could exceed 1