Korea Investment & Securities Lists 400 New ELW Stocks
Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 20th that it will newly list 400 stock warrant securities (ELW) (stock numbers 57KV24 ~ 57KZ23).
The listed items include 189 index-type ELWs based on KOSPI 200 and KOSDAQ 150, and 211 stock-type ELWs based on Samsung Electronics, SK Hynix, POSCO Holdings, NAVER, and others.
ELWs are products that trade the rights to buy or sell individual stocks or stock indices at a predetermined price on the expiration date. If an increase in the underlying asset is expected, investors can purchase call ELWs; if a decrease is expected, they can purchase put ELWs to gain profit opportunities regardless of market conditions. However, unlike stocks, ELWs have a strike price that the underlying asset must reach by expiration, so if the underlying asset price does not move in the initially expected direction, losses of up to 100% of the principal can occur at maturity.
To trade ELWs, an investment propensity diagnosis and prior investor education completion are required. Additionally, new customers must meet a minimum basic deposit of 15 million KRW. For more details, please visit the Korea Investment & Securities ELW dedicated website and the KakaoTalk channel ‘TRUE ELW’.
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Meanwhile, Korea Investment & Securities has been leading the industry by maintaining the number one position in trading volume and the number of newly listed items in the Korea Exchange ELW market since 2017. As of the 20th of this month, the number of ELW items available for trading at Korea Investment & Securities is 736 index-type and 1,168 stock-type, totaling 1,904.
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