S. Korea's English proficiency slips 13 notches to 49th
N. Korea reinstates DMZ guard posts
N. Korea says spy satellite took photos of White House, Pentagon, key US naval base
BOK likely to keep policy rate unchanged on slowdown, hope for Fed's rate freeze, easing inflation
Samsung sets up control tower for new growth drivers
15-year-old girl saves 5 lives with organ donations after death
12 foreigners nabbed on suspicion of drug use
Korea to start hiring E-9 visa foreign workers in restaurants
S. Korea's Busan making last-ditch efforts to bring World Expo on voting day
[KH explains] Hyundai to sell vehicles on Amazon in US sales push
ELS sales in S. Korea sink 30.8% in Q3By Yonhap
Published : Oct. 19, 2021 - 11:25
The value of ELS products in Asia's fourth-largest economy stood at 11.6 trillion won ($9.8 billion) in the July-September period, down 30.8 percent from the second quarter, according to the data from the Korea Securities Depository.
The figure, however, was up 17.8 percent from the 9.8 trillion won floated during the same period a year earlier.
ELS refers to hybrid debt securities whose returns are linked to the performance of underlying equities, including a stock index.
Sales of ELS tracking the S&P 500 tumbled 20.8 percent from three months earlier, and those of ELS based on South Korea's KOSPI 200 also nose-dived 34.4 percent.
ELS products worth 11.9 trillion won were redeemed in the three-month period, down 37.8 percent from the second quarter and 20.5 percent from a year earlier.
The outstanding value of ELS products amounted to 53.1 trillion won as of end-September, down 0.4 percent from three months earlier and 26.2 percent from a year earlier. (Yonhap)
South Korea warns tit-for-tat action over North Korea’s border buildup
Korea, Japan, China summit likely in early 2024
Yoon orders increased defense of public digital infrastructure