Tag: ELS
KIS issuance drops 50% as hedging losses bite, DLS disappear
Asia Pacific | Industry
24 Feb 2021 by Summer Wang
Trading income at Korea Investment & Securities (KIS) dipped over three-quarters (77.9%) to KRW99.1 billion (US$89.2m) in FY20 ended in December 2020 due to ‘massive ELS hedge trading loss’ at KRW114.5 billion in Q1.
Mirae’s ELS/DLS look overseas as domestic assets enter ‘low growth phase’
Asia Pacific | Industry
23 Feb 2021 by Summer Wang
The South Korean securities house has seen its structured products business regain unprecedented traction after three consecutive quarters of decline.
SK DLS market drops after mis-selling scandal
Asia Pacific | Regulations & Legal
16 Feb 2021 by Summer Wang
The balance of derivatives-linked securities (DLS) in South Korea, which are not principal-protected, plunged to KRW12.7 trillion (US$10 billion) as at the end of June 2020 from its record high of KRW18.4 trillion a year prior as a result of the mis-selling crisis.
South Korean ELS issuance drops further, DLS bounces back
Asia Pacific | Products
06 Jan 2021 by Summer Wang
The total balance of equity-linked securities (ELS) and derivative-linked securities (DLS) has amounted to KRW100.9 trillion (US$91 billion) following an upward trend of major stock markets as of 30 September, down KRW6.7 trillion from a quarter ago.
Samsung Securities reports structured products growth
Asia Pacific | Industry
17 Aug 2020 by Summer Wang & Pablo Conde
The South Korean securities firm’s investment banking activities recorded solid revenues despite the impact of Covid 19, as ‘structured products continued to grow’ during the second quarter.
South Korea Market Review, June 2020: slowly back on track
Asia Pacific | Market Reviews
05 Aug 2020 by Lachezara Tsenova
Some 801 products were issued in the retail segment in June, a 28% increase from the previous month.
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South Korea imposes new restrictions on structured products
Asia Pacific | Regulations & Legal
03 Aug 2020 by Summer Wang & Pablo Conde
The Financial Services Commission has released a series of measures to strengthen currency liquidity for securities firms and set up two platforms for investors in response to an increase in issuance of structured products in South Korea.
ELS sales hit record high despite mis-selling scandal
Asia Pacific | Regulations & Legal
01 May 2020 by SRP News
Despite last year’s controversy in South Korea around equity-linked securities (ELS) and derivative-linked securities (DLS), sales reached a new record high in 2019 fuelled by the low interest rates environment and the steady rise in global stock markets.
South Korea Market Review, November 2019: new restrictive measures come into action
Asia Pacific | Market Reviews
31 Dec 2019 by Lachezara Tsenova
Product issuance in November decreased by more than 12% compared to the previous month, with 1,169 products issued in the retail segment.
