The sales volume of equity-linked securities (ELS) in South Korea last month dropped to its lowest level since February this year amid heightened market uncertainties and lower coupon levels.

Sales of ELS stood at around KRW6.4 trillion (US$5.5 billion) in June, down 30% from the previous month, according to Korea Securities Depository data. Year-on-year, the sales figure for this month was 10% lower. The drop was well anticipated towards the end of May when markets turned jittery again due to increasedtrade tensions between the US and China. “South Korea’s ELS issuance trend generally coincides with or trails overall stock market movements,” said Gyun Jun (pictur

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