Kyobo Securities is accepting subscriptions through the 11th for ELB Series 456, tied to SK Hynix common shares. The three-year product pays 0.475% per month before taxes, or 5.70% annually, for each month in which the shares remain at or above 50% of the initial reference price on the monthly valuation date. No monthly payout is made if the shares fall below that threshold. Automatic early redemption is available every six months when the shares are at or above 100% of the initial reference price on a semiannual valuation date, returning principal and ending the investment early. At maturity, investors receive their full principal even if the shares are below 100% on the maturity valuation date, while investors seeking early termination may lose principal. The minimum subscription is 1 million won, with applications in 100,000-won increments through Kyobo Securities' website or Win.K mobile trading system. The product is not covered by deposit insurance, and investors face Kyobo Securities' issuer credit risk; Korea Ratings gives the brokerage an AA- rating with a stable outlook.