A higher number of DLS and DLB issuances shifted to private placement in the first half of 2025, accounting for roughly 70% of the volumes.
The total outstanding balance of derivative-linked securities (DLS) and derivative-linked bonds (DLBs) in South Korea jumped over 10% to KRW35.4 trillion (US$25.6 billion) by the end of June compared to the prior year’s period, according to the latest figures released by the Korea Securities Depository (KSD). The outstanding of principal protected DLBs has been continuously trending upwards since the second half of 2023 on a semi-annual basis, hovering at around KRW29.3 trillion in the fi