FX-linked DLS, DLB gain traction in Korea

A year and a half ago, FX rates were a niche asset class in South Korea’s structured product market, with sales volume sitting around just KRW9 billion (approximately US$6.5m) from four products issued in the first half of 2023. In 2024, the once marginal asset class has become a big hit in the market. Due to the unusually strong environment of the US dollar, the issuance of currency-linked DLS [has] increased significantly -  Gyun Jun, Samsung Securities SRP data shows