Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

ELS Listed On The Korea Stock Exchange

Date 09/04/2003

For the first time in Korea, the KSE listed two issues of ELS(Equity-Linked Securities) on April 9. The ELS is an instrument whose return is determined by the performance of a single equity security, a basket of equity securities, or an equity index.

The two ELSs, issued by the LG Investment Securities Co. in the size of KRW 50 billion and KRW 100 billion, respectively, are linked to KOSPI 200. The listing of the ELS is expected to expand investment choices for investors and increase the liquidity of markets. Other securities companies are planning to launch ELS; it is known that more than 20 issues of ELS would be available in the near future.