 Solution

An elliptic curve has good reduction over $K$ if it admits an integral Weierstrass equation of an elliptic curve with unit elliptic-curve discriminant. Equivalently, the reduction of its Minimal Weierstrass equation is a nonsingular cubic over the residue field $k$. Its smooth integral projective model is a group scheme with the point $O$ as identity.

Choose homogeneous coordinates in the valuation ring ${\mathcal{O}}_K$ with at least one coordinate a unit, and reduce them modulo its maximal ideal ${\mathfrak{m}}_K$. This defines $\mathrm{red}:E(K)\to \tilde{E}(k)$. The chord-and-tangent group law extends over the smooth integral model, so reduction is a group homomorphism. For any point of $\tilde{E}(k)$, choose an affine projective chart containing it. Smoothness means some partial derivative of its equation is nonzero in $k$. Lift the other coordinate arbitrarily and apply the Hensel lemma to the coordinate with unit derivative. This constructs a point of $E(K)$ above the prescribed point, proving the surjectivity of good reduction over a local field.

The kernel of reduction of an elliptic curve consists precisely of points reducing to $O$. The parameter $t=-x/y$ at $O$ gives a bijection between this kernel and ${\mathfrak{m}}_K$: the integral formal-coordinate series solve the equation uniquely near $O$. Addition in these coordinates is the formal group of an elliptic curve, not ordinary addition in ${\mathfrak{m}}_K$. ThusHere the group operation on the last expression is its formal group law.