Capital-protected DLBs see their outstanding volumes rising in consecutive years
Derivative-linked bonds (DLBs) – the capital protected structured product vehicle in South Korea with a majority tracking interest rate exposure – recorded a 20% surge in outstanding balance to KRW31.8 trillion (US$22 billion) by the end of 2025 from the prior year, marking two consecutive years of growth, according to the latest figures released by the Korea Securities Depository (KSD). South Korea: outstanding balance of DLS and DLB from 2021 to 2025 (KRW trillion) Source: Korea