Kiwoom Securities registers derivative bond offerings

Kiwoom Securities filed shelf registration statements covering five groups of equity-linked derivative bonds with regulators. Shelf registrations let securities companies pre-clear products with regulators so they can sell without needing approval for each individual sale, reported DART.

Equity-linked derivative bonds are structured products where returns depend on how underlying stocks or financial indexes perform. Securities firms use these products to make substantial fees and commissions while giving sophisticated investors specific return patterns. Shelf registrations allow companies to sell when market timing is best.

Kiwoom Securities is a major Korean securities firm. The company provides brokerage, investment banking, derivatives trading, and wealth management services to institutional and retail clients worldwide.