Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Toss Bank, a web-based bank in South Korea, has added a service exclusive to foreign customers. The company will now allow all foreign nationals residing in the country to open their bank accounts with them online.
Foreign residents in South Korea will be able to open their accounts without the need to visit Toss Bank’s offline branch. This new service extended for foreigners was announced by the company on Monday, May 2.
As per The Korea Times, the bank is making this move to eliminate the inconvenience for foreign customers who want to open an account with them since they were normally required to go to an offline branch to do this.
With the exclusive feature, ex-pats in S. Korea who are also registered residents can now easily open an account with Toss Bank via online. Those who have not yet opened an account with any Korean bank can also open one at Toss Bank.
"Although the number of foreign nationals residing in Korea now reaches about 1.96 million, banking services for them have been pretty much limited, and many of them were alienated from the country's financial system," an official at Toss Bank said in a statement. "The bank aims to continue to embrace customers who haven't fully enjoyed banking services."
In any case, the bank said that it will be using data from the government to validate the identity of the foreigners who will open an account. Also, Toss Bank is requiring applicants to scan their registration cards online as part of the online process of opening an account. The company added that all the information on the applicants’ cards must match with the data from the government, The Korea Herald reported.
Finally, Toss Bank is also rolling out its international money transfer service soon, and before this, it will be reaching out to foreigners who are having a hard time getting the services they want and need due to language barriers since most of the banks’ mobile apps are released in Korean only. This issue will be solved by Toss by upgrading its own app to include foreign languages.
