Kiwoom Securities Issues 77.5 Billion KRW ELS, Funds Allocated to Hedging, Limited Impact on Shareholder Value
Kiwoom Securities filed a shelf registration statement on June 4, 2026, for the issuance of 14 series of equity-linked securities from series 1904 to 1917.
The total offering amount is 77.5 billion KRW, and the proceeds will be used for hedging underlying assets and investing in financial products, representing debt financing without equity dilution.
The issuer, Kiwoom Securities, holds a credit rating of AA from Korea Ratings, NICE Investors Service, and Korean Credit Rating. These securities are not protected by the Deposit Insurance Act and are classified as high-difficulty financial investment products with potential total loss of principal.
The underlying assets include KOSPI200, Tesla, Micron Technology, Palantir, Broadcom, SK Hynix, Qualcomm, and Samsung Electronics, exposing investors to knock-in risk that may lead to principal loss.
The securities feature automatic early redemption and maturity redemption structures, with returns linked to underlying asset performance. Early redemption is available at a minimum of 95% of fair value, but may incur principal loss.
[AI Summary]Kiwoom Securities raises 77.5 billion KRW through public offering of ELS for hedging and investment purposes. This debt financing does not dilute equity and relies on the AA-rated creditworthiness of Kiwoom. Investors face principal loss risk due to high volatility of underlying assets. The impact on shareholder value is neutral.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)