Korea market continues to shrink

The traded volume of structured products in South Korea has fallen by 20.1% in 2021 year-on-year (YoY) despite a rebound of equity-linked securities (ELS). This is a 42.1% decline from the peak seen in 2019. While ELS grew 15.1% to KRW48.8 trillion collected from 15,807 products in 2021 YoY, all other types of structured products declined by issuance amount, SRP data shows.  Derivative-linked securities (DLS) and derivative-linked bonds (DLBs) down 31% and 33.7% to KRW5.4 trillion (766 pr