Korea DLS, DLB sales hit bottom, new player enters market league table

The quarterly sales volume of DLS has fallen below KRW1 trillion for the first time in five years after dropping by 16.3% to KRW958.1 billion quarter-on-quarter (QoQ), according to the latest report from the Korea Securities Depository (KSD). In the meantime, the issuance notional of DLBs declined 54.7% to KRW1.54 trillion QoQ. On a yearly basis, the figures were down 36.1% and 59%, respectively. The types of underlying asset classes were limited to interest rates, credit, foreign exchange (F