The South Korea Financial Supervisory Service (FSS) has issued an investor alert aimed at individual investors trading with commercial banks following a surge in the volume of equity-linked trust (ELT) products subscribing to equity-linked securities (ELSs) and derivatives-linked securities (DLSs) which has increased by 300% to reach KRW20tr ($1.8bn) in the past three years. “Commercial banks in South Korea are acting as intermediaries when selling ELSs and DLSs on behalf of securities firms wr