South Korea Market Review, May 2023: investors switch to interest rates

Sales volumes for retail and private banking, at a combined KRW13.6 trillion (US$10.8 billion), rose by six percent compared to the previous month (Apr: KRW12.9 trillion). Some 106 products were withdrawn early during the month as they did not accumulate enough sales. Of these, eight were offered as private placements. In May, 1,686 products matured, releasing just over KRW11 trillion back onto the market for reinvestment. The best-performing product was Kiwoom New Global 100tr Club ELS 604