With five main wrappers, the South Korean market is one of the most diverse in the Asia Pacific region.

South Korea offers a diverse range of wrappers with equity-linked bond (ELB), equity-linked security (ELS), derivative-linked bond (DLB), derivative-linked security (DLS), and equity-linked deposit (ELD) all used to various extends. Traditionally, ELS captured the highest market share, but since 2022 ELB have become the main wrapper, albeit by a small margin. In 2023, when KRW78.5 trillion (US$60 billion) was collected from just under 19k structured products, market share for ELB reached 40%