April 27, 2024

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[THE INVESTOR] Major Korean companies are poised to get listed on the Korean stock market this year as they are in the final stages of finalizing their plans, according to the Korea Exchange on March 24. 

According to the bourse operator, ING Life Insurance has confirmed that it will go public on April 27-28. The insurer has set the subscription band at 31,500 won (US$28) to 40,000 won, which would raise at least 1.05 trillion won funds.

In addition, Netmarble Games is set to get listed on April 25-26. Market watchers estimate that the company’s market capitalization will come in at over 10 trillion won following the IPO.

Korea Electric Power Corp.’s subsidiaries Korea South East Power and Korea East West Power are also planning to go public this year. Both deals are expected to draw upward of 1 trillion won.

By Choi He-suk (cheesuk@heraldcorp.com)