Kiwoom Securities Files Registration for 30 Billion Won 685th Dream ELB Issue, Low-Risk Principal-Protected Note Linked to Samsung Electronics
Kiwoom Securities filed an additional registration statement on July 6, 2026, confirming the public offering of its 685th Kiwoom Dream Equity-Linked Bond worth 30 billion won.
Proceeds will be used for hedging and underlying asset transactions to ensure stable repayment of principal, serving a defensive capital allocation purpose.
The underlying asset is Samsung Electronics common stock, and the bond is a principal-protected low-risk product rated Grade 5, offering a maximum annual return of 3.751%.
The issuance size of 30 billion won represents a mere 0.3% of Kiwoom Securities market cap of 9.14 trillion won, resulting in zero dilution for existing shareholders.
In fiscal 2025, Kiwoom Securities reported net income of 1.099 trillion won, a dividend payout ratio of 27.4%, and paid a cash dividend of 11,500 won per common share.
[AI Summary]Kiwoom Securities 685th ELB issuance is a small 30 billion won debt raising with no equity dilution. Funds are deployed for hedging operations tied to the product, making the allocation defensive rather than growth-oriented. The issuer holds a AA credit rating with low credit risk, but the capped yield offers limited investment appeal in the current low-rate environment.