Sales of equity-linked structured products in South Korea has dropped amid uncertain market conditions prompted by protests in Hong Kong as well as mis-selling allegations that have rocked the country’s financial sector.
Equity-linked securities (ELS) products that are non-principal protected lost their appeal with sales standing at KRW4.6 trillion (US$3.9 billion) in August, according to Korea’s Securities Depository (KSD) data. The 36% drop from the previous month when ELS sales volume stood at KRW7.2 trillion came as surprise as year on year sales marked an increase of almost 20% from what it was the second-lowest monthly sales figure in 2018. The lack of activity is widely attributed to China mainland
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