The sales volume of equity-linked structured products tracking the Japanese index doubled in the first half of this year compared to the second half of 2018, while that of products linked to Kospi 200 dropped.

The equity-linked securities (ELS) products – non-principal protected structured notes – that have Nikkei 225 as an underlying asset raised a sales volume of KRW17.4 trillion (US$14.8 billion) in the first six months of this year in South Korea, according to Korea Securities Depository data. The Japanese benchmark was the fourth most cited underlying for equity-linked structured products during the period, following Eurostoxx 50, Hang Seng China Enterprises Index (HSCEI) and S&P

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