Despite the rise in early redemption volumes, the sales of equity-linked structured products in South Korea dropped amid uncertain market conditions coupled with lower coupon levels.
The sales volume of equity-linked securities (ELS) products that are non-principal protected came in at around KRW5.6 trillion (US$4.7 billion) this month as of July 25, according to Korea Securities Depository data. That is down 12% from the previous month when ELS sales volume stood at roughly KRW6.4 trillion. The drop comes despite a rise in the early redemption volume of the products to KRW6.8 trillion this month, up over 20% from June. The early redemption volume is a key gauge for sales v
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