Toss Bank Hits 30 Trillion Won AUM as Samsung Electronics Seen 41% Below Peer Value

The Quick Take

• Toss Bank's asset management service 'Mokdon Gulrigi' surpassed 30 trillion won in cumulative linked sales, adding Kiwoom Securities issued notes
• KB Securities maintains a 3 million won target for Samsung Electronics, down 41% from its peak, calling it undervalued relative to AI chip fundamentals
• Oasis Market secured a 30 billion won investment from Toss, which will become a shareholder while Oasis opens a dedicated channel inside Toss Shopping
• Foreign investors dumped 15.3 trillion won of Korean equities over seven trading days, led by sales of Samsung Electronics and SK Hynix

Korea's digital financial services and equity markets delivered contrasting signals this week. Toss Bank's 목돈굴리기 wealth management service crossed 30 trillion won in cumulative linked sales since its 2022 launch, adding Kiwoom Securities issued notes to its product lineup. Simultaneously, KB Securities maintained a bullish 3 million won price target for Samsung Electronics, citing AI server MLCC demand strength even as the stock trades 41% below its 52-week high.

The divergence between strong fintech momentum and equity market pressure reflects a broader tension: foreign institutional investors sold over 15 trillion won of Korean equities in seven consecutive trading days, concentrated in Samsung Electronics and SK Hynix. This capital exodus, driven by global rate tightening concerns and dollar strength, contrasts with domestic retail participation growth through platforms like Toss. Meanwhile, Oasis Market's 30 billion won Toss investment signals continued consolidation in Korea's commerce-fintech ecosystem.

The key variables to watch are the pace of foreign institutional re-entry — historically tied to a stabilisation of the KRW/USD rate and a Fed pivot signal — and Samsung Electronics' Q3 earnings in October, which will reveal whether AI component demand is delivering the margin recovery that KB Securities and peers are projecting. A sustained foreign selling trend through year-end would pressure KOSPI further and challenge domestic retail inflows to absorb the supply.

Synthesized from 8 sources.