Korea Investment & Securities announced on the 16th that it will newly list 316 stock warrant securities (ELW).
The listed securities include 173 index-type ELWs based on KOSPI 200 and KOSDAQ 150 as underlying assets and 143 item-type ELWs based on Samsung Electronics, SK hynix, HD Korea Shipbuilding & Offshore Engineering, Yuhan Corporation, and others.
ELWs are products that allow the transaction of rights to buy and sell individual stocks or stock indexes at a predetermined price on the maturity date. If one buys call ELWs expecting the underlying asset to rise or puts ELWs expecting it to fall, revenue can be generated regardless of market conditions. Conversely, if the price of the underlying asset does not move as initially expected, a loss of up to 100% of the principal can occur at maturity.
Meanwhile, a diagnosis of investment propensity and completion of preliminary investor education are necessary for ELW transactions. New customers must meet a minimum basic deposit of 15 million won. More detailed information can be found on the Korea Investment & Securities ELW dedicated website and the Kakao channel 'TRUE ELW.'