Kiwoom Securities Issues 654th Principal-Guaranteed ELB Worth KRW 50 Billion


  • Kiwoom Securities publicly offers 654th Dream Public Offering Derivatives-Linked Bond (Equity-Linked Bond) worth KRW 50 billion
  • Issue price per bond: KRW 10,000; minimum subscription: KRW 10,000; total 5,000,000 bonds
  • Underlying asset: Samsung Electronics common stock; maturity: 1 year (364 days); maturity date: February 26, 2027
  • Risk grade: Grade 5 (Low Risk) – Principal-guaranteed (ELB) paying principal + 3.20% p.a. at maturity
  • Special condition: If Samsung stock price reaches 300% or more of initial price at maturity, pay principal + 3.201% p.a.
  • Early redemption possible (upon investor request) – Early redemption rate: 3.20% p.a. minus 1.00% p.a. for regular cases; special early withdrawal (retirement, etc.) pays full 3.20% p.a.
  • Issuer credit rating: AA- (Korea Ratings, Korea Investors Service, NICE Ratings, as of June 30, 2025)
  • Eligible subscribers: Only retirement pension funds (via entrusted accounts of retirement pension operators)
  • Not covered by depositor protection act; principal loss possible (issuer credit risk, early redemption loss)
  • Shelf registration balance: KRW 7.002 trillion (out of KRW 10 trillion registered, KRW 2.9978 trillion already issued)
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KOSPI Filing Information


  • Filing: Shelf Registration Supplementary Document (Derivative-Linked Bonds - Equity-Linked Derivative-Linked Bonds)
  • Company: KIWOOM Securities (039490)
  • Submission: KIWOOM Securities Co.,Ltd.
  • Receipt: 02-03-2026