The announcement by the South Korean Financial Supervisory Service (FSS) and the Ministry of Strategy and Finance in relation to the tax treatment and requirements around the individual savings account (ISA), which will be included as part of the tax amendment plan for 2015, has been welcomed by the domestic structured products industry. The ISA scheme is expected to be phased in South Korea from 2016, and will cover various financial products such as equity-linked securities (ELSs), deposits, e