The numbers tell their own story. Issuance of equity-linked autocallable structures in Korea since 2009 has been nothing short of staggering. In January and April this year, volumes exceeded 10 trillion won ($8.7 billion) for the first time; this represents a 20-fold increase since January 2009, when issuance stood at $435 million.
In Japan, too, volumes of these products have been increasing each year. In the uridashi (public) market, both March and May saw volumes exceeding ¥250 billion ($2