South Korea’s knock-out volume of structured products rebounds during the third quarter. The outstanding balance drops on a yearly basis.

The outstanding balance of equity-linked securities (ELS) dropped for the fourth consecutive quarter in Q3 2023, sitting at around KRW38.6 trillion (US$28.6 billion), according to Korea Securities Depository (KSD)’s report released on Wednesday, 18 October. For equity-linked bonds (ELBs), the outstanding volume remained stable at KRW25.6 trillion. The combined ELS/ELB outstanding amount reached KRW64.2 trillion, down 6.5% year-on-year (YoY). Nearly KRW12 trillion ELS and ELBs were redeem

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