Despite the increase in issuance and sales, the South Korean securities house has slipped down the country’s league table.

The sales volume of equity-linked securities (ELS) and derivative-linked securities (DLS) at Mirae Asset Securities - formerly Mirae Asset Daewoo - has dropped 63.9% to KRW2.71 trillion in Q1 FY21 quarter-on-quarter (QoQ), leading to a record-wide gap with the redemption amount in two years. There were ELS and DLS worth KRW3.5 trillion redeemed in the first quarter, 29.2% more than the issuance amount. On a yearly basis, the redemption amount rose 12.9% while the sales increased 9.7%, according