Alphabiz - Toss Securities Faces Backlash Over Erroneous Kolmar Korea Earnings Display on MTS

Photo courtesy of Yonhap News

[Alpha Biz= Kim Jisun] Toss Securities has come under fire after incorrectly displaying earnings data for Kolmar Korea on its mobile trading system (MTS), showing figures at roughly half of the actual level.

According to industry sources on May 8, Toss Securities mistakenly posted Kolmar Korea’s first-quarter results on a standalone basis rather than consolidated figures. While the company reported record quarterly revenue of KRW 728 billion on a consolidated basis, the MTS displayed KRW 343 billion.

The brokerage corrected the error later in the morning after identifying the issue. However, concerns have been raised that investors who relied on the incorrect data during trading hours may have suffered losses.

Toss Securities apologized, stating that the confusion stemmed from a temporary mislabeling of standalone data and pledged to strengthen its disclosure data verification processes to prevent similar errors in the future.

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)