Sales of derivatives-linked securities in South Korea rose from a year earlier in 2023 amid hopes for monetary easing and advances in global stock markets, data showed Friday.The combined value of equity-linked securities (ELS) and derivatives-linked securities (DLS) issued last year came to 78.6 trillion won (US$57.2 billion), up 4.7 trillion won from a year before, according to the data from the Financial Supervisory Service.The issuance of ELS products increased 5.1 trillion won on-year to 62.8 trillion won.ELS refers to hybrid debt securities, whose returns are determined by the performance of underlying equities. ELS products track benchmark stock indexes, including the Korea Composite Stock Price Index 200.Sales of DLS instruments, which track interest rates, currency values and other underlying assets, slipped 400 billion won to 16.1 trillion won in 2023.As of end-2023, the value of outstanding ELS and DLS products stood at 94.3 trillion won, down 7.9 trillion won from a year earlier, with t he value of redeemed products rising sharply to 83.9 trillion won from 52 trillion won over the cited period.Source: Yonhap News Agency