Despite last year’s controversy in South Korea around equity-linked securities (ELS) and derivative-linked securities (DLS), sales reached a new record high in 2019 fuelled by the low interest rates environment and the steady rise in global stock markets.

The combined value of equity-linked securities (ELS) and derivatives-linked securities (DLS) issued in 2019 hit a record KRW129 trillion won (US$104.5 billion), up 11.3% from 2018, according to data released by the Financial Supervisory Service (FSS) of South Korea. The issuance of ELS products hit a record high of KRW99.9 trillion in 2019, a 15.2% increase on the previous year. ‘This was due to the increased demand for ELS investment due to the continued low interest rate and the booming glo

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