As the coronavirus outbreak hit the country at the beginning of 2020, South Korea’s structured products market saw a significant slowdown in activity with both issuance and sales decreasing for the period February to April 2020, compared to the same period last year. Excluding flow and leverage products, issuance and sales fell by 15% and 31%, respectively.
Looking at this year’s developments, the market has dropped continuously since the beginning of the year. April’s sales stagnated with a slight drop of four percent to US$4,828m, while issuance plummeted 19% to 1,469 striking products, compared to March. This level of market activity was last seen in July 2016 (US$4,752m/1,689 products). According to SRP data, both in 2019 and 2020, the worst of structures linked to baskets of indices were most popular, followed by the single index
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