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Seoul Guarantee Insurance to raise $124 million from IPO

Korea Economic Daily LogoKorea Economic Daily4h ago

Seoul Guarantee Insurance to raise $124 million from IPO - Korea Economic Daily

Quick Summary:

Seoul Guarantee Insurance Co.(SGI) will raise 181.5 billion won ($124.2 million) through an initial public offering later this month in its second attempt to go public after calling off the previous IPO plan in 2023 due to tepid demand.

HIGH DIVIDEND PAYOUT RATIOTo entice investor interest, Seoul Guarantee Insurance in January vowed to pay 200 billion won in dividends for 2024 earnings, equivalent to a dividend yield of about 11% for its IPO subscribers.

Once Seoul Guarantee Insurance is listed, it will be the first state-owned company going public in Korea in 15 years since the IPO of the Korea District Heating Corp.in 2010.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 17:16:24 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 26659167

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 9 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 1 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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  • URL: https://chronographically.beamstart.com/news/seoul-guarantee-insurance-to-raise-17410764697776

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