Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
피터빈트

Korea Exchange to review Kyobo Life's IPO bid

By Yonhap

Published : July 7, 2022 - 13:39

    • Link copied

Kyobo Life Insurance headquarters in Seoul. (Kyobo Life Insurance) Kyobo Life Insurance headquarters in Seoul. (Kyobo Life Insurance)

Kyobo Life Insurance Co. on Thursday said the country's bourse operator will begin a preliminary assessment of its initial public offering (IPO).

The Korea Exchange (KRX) has said it will launch a panel to review the IPO bid of South Korea's No. 2 life insurer eight months after its filing.

Kyobo Life has been pushing to go public since 2018, but opposition from its shareholders has halted the process for years.

Kyobo Life Chairman and the largest stakeholder Shin Chang-jae, as well as those with special interests in the company, hold a combined 36.9 percent stake.

If the IPO is successful, Kyobo Life will begin preparing for the introduction of a new accounting rule for insurance products in 2023. (Yonhap)

More from Headlines