Despite the recent controversy around equity-linked securities (ELS) and derivative-linked securities (DLS), ELS/ equity-linked bond (ELB) issuances will hit KRW89 trillion in 2019 and KRW91 trillion in 2020, while DLS/derivative-linked bonds (DLB) issuances will reach KRW26 trillion in 2019 and KRW27 trillion, respectively, in 2020, according to Samsung Securities.