The Korean won-denominated versions of the Hang Seng China Enterprises (HSCEI) and S&P 500 indices crawled into South Korea’s top 10 underlying ranking for equity-linked products this month, raising KRW85.5 billion (US$73.8 million).

A total of 22 products were linked to the HSCEI Quanto HKD-KRW Currency Adjusted Index and the S&P 500 Quanto USD-KRW Currency Adjusted Index in April, according to Korea Securities Depository data . Currency risk has always been a sticking point for structured product dealers in South Korea as products are mainly denominated in the local currency despite usually being linked to baskets of foreign indices. This means dealers will have to compromise the potential return it can offer to inves

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