Toss Securities is moving ahead with its first share buyback since its 2021 establishment, seeking to acquire up to 200 billion Korean won of shares through an off-market transaction. The purchase price is set at 194,361 won per share, based on an external accounting firm’s valuation, allowing the company to acquire as many as 1,029,013 shares, or about 3.7% of shares issued. The transaction is scheduled for October 16, although the final size will depend on shareholder applications. All shareholders, including largest shareholder Viva Republica, which owns about 97% of Toss Securities, are being offered the same price and terms. The measure is intended to give shareholders of the non-listed company, particularly employees who received shares through performance-based compensation, a way to sell holdings before an IPO. Toss Securities reported record first-half operating profit of 319.5 billion won and net profit of 236.8 billion won, while total assets surpassed 12 trillion won. The company said accumulated earnings increased distributable profits, supporting the buyback, and plans to cancel the acquired treasury shares within one year under procedures set out in the Commercial Act.