Kiwoom Securities Discloses High-Risk ELS Issuance and Shareholder Return Policy in Quarterly Report
Kiwoom Securities confirmed the issuance of high-risk derivative-linked securities totaling 126.7 billion won, with a maximum loss rate of 100%, no principal protection, and not covered by depositor protection law.
During the quarter, the company executed active shareholder return policies including 301.3 billion won in dividend payments and 105.6 billion won in treasury stock cancellation, enhancing shareholder value.
The entire investment of approximately 260 billion won in funds managed by Gentoo Partners remains suspended from redemption, and legal risks persist due to an ongoing Fair Trade Commission investigation and multiple pending lawsuits.
[AI Summary]Kiwoom Securities combines revenue generation from high-risk derivatives with shareholder returns, but faces significant financial uncertainty from VaR of 392.7 billion won and large exposure to suspended redemption funds. Despite its AA credit rating, legal risks and complex product structures warrant investor caution.
KOSPI Filing Information
Additional Documents for Shelf Registration (Derivative-Linked Securities - Equity-Linked Securities)