Kiwoom Securities Issues 3 ETNs Worth KRW 30 Billion (AA Credit Rating, Principal Not Guaranteed)

Kiwoom Securities issued 3 ETNs on May 6, 2026, totaling KRW 30 billion (KRW 10 billion per issue). Issue price per security: KRW 20,000; 500,000 securities each.
Issuer credit rating: AA (March 2026 by NICE and Korea Ratings). Products are principal non-guaranteed and not covered by depositor protection.
Underlying indices: FnGuide 2nd Battery Industry Leverage Index (2x), KEDI Bio TOP10 Leverage (x2) Index, iSelect Power TOP5 TR Inverse-2X Index.
Listing date: May 8, 2026. Liquidity provider is Kiwoom Securities itself.
Total annual expenses: 0.40% (battery), 0.95% (bio), 0.95% (power inverse 2X).
Early redemption fee: 2.0% of indicative value. Minimum redemption unit: 50,000 securities (KRW 1 billion); daily maximum: 500,000 securities (KRW 10 billion).
If early liquidation triggers: IIV drops 80% or below KRW 1,000, redemption at next day's IV.
Investment risks: principal loss, compounding effect deviation due to leverage/inverse, liquidity risk, delisting risk, etc.

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