Kiwoom Files for Issuance of 13 ELS Series Totaling KRW 113 Billion
On May 21, 2026, Kiwoom Securities submitted a supplementary shelf filing for 13 series of Equity-Linked Securities (ELS) (1880th to 1892nd) to the Financial Services Commission.
The total offering amount is KRW 113,034,000,000, with estimated net proceeds of approximately KRW 113 billion after deducting issuance expenses.
Each security is classified as Grade 1 (very high risk), non-principal-protected, and unlisted; investors may incur losses exceeding 20% of principal due to underlying asset price fluctuations at maturity or upon automatic early redemption.
The issuer's credit rating is AA (from Korea Ratings, NICE, and KIS), and these securities are not protected by the Depositor Protection Act; they are backed solely by the issuer's credit.
The raised funds will be used for hedging activities (trading underlying assets and derivatives) and investment in financial products.
As of April 30, 2026, the issuer's outstanding issuance of derivative-linked securities/bonds amounted to KRW 34,804 billion (principal-guaranteed: KRW 23,894 billion, non-principal-guaranteed: KRW 10,911 billion, DLS/DLB: KRW 17,940 billion).
As of Q1 2026, the credit equivalent amount for derivatives (ELS/ELB, etc.) with counterparties (others) was KRW 126,865,518,601, representing exposures exceeding 5% of equity.