Korea Investment & Securities Newly Lists 318 ELWs
Korea Investment & Securities announced on the 19th that it will newly list 318 Equity-Linked Warrants (ELWs). The newly listed ELWs include 132 index-type ELWs based on the KOSPI200 and KOSDAQ150 as underlying assets, and 186 stock-type ELWs based on underlying assets such as Samsung Electronics, SK Hynix, PharmaResearch, and APR.
An ELW is a product that allows investors to trade the right to buy or sell individual stocks or stock indices at a predetermined price on the maturity date. If an investor expects the price of the underlying asset to rise, they can purchase a call ELW; if they expect it to fall, they can purchase a put ELW, providing opportunities for returns regardless of market conditions. However, if the price of the underlying asset moves in the opposite direction from the investor's expectation, up to 100% of the principal may be lost at maturity.
Korea Investment & Securities currently ranks first in both trading volume and the number of listed products in the ELW market of the Korea Exchange.
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Meanwhile, to trade ELWs, investors must complete an investment propensity assessment and pre-investor education. In addition, new customers are required to maintain a minimum basic deposit of 15 million KRW. Further details can be found on the Korea Investment & Securities ELW dedicated website and the KakaoTalk channel 'TRUE ELW.'
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