Business deals Operator of South Korea's Toss app to buy online Japanese brokerage Cheer

Viva Republica pursues growing appetite for investing among younger consumers

South Korea's Viva Republica will enter Japan through the purchase of Tokai Tokyo's Cheer Securities. (Photo by Rie Ishii)

TOKYO/SEOUL -- Viva Republica, a South Korean fintech company, is poised to acquire a smartphone-based brokerage subsidiary of Japan's Tokai Tokyo Financial Holdings, looking to capitalize on growing interest in investing among young Japanese consumers and expand its reach in mobile-first retail investing.