Korea Life Insurance awards mandates for 2010 IPO - News

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Korea Life Insurance awards mandates for 2010 IPO

By: AFX | 04 Nov 2009 | 12:57 AM ET

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SEOUL, Nov 4 (Reuters) - Korea Life Insurance Co Ltd, the No. 2 life insurer in South Korea, said on Wednesday it had mandated six banks, including Goldman Sachs, JPMorgan and Deutsche Bank, to handle its IPO planned next year. "We will submit an application for preliminary approval next February or March," Korea Life spokesman An Min-ku said, referring to its initial public offering. "We expect to list on the stock exchange in the second half of next year if the process goes smoothly." The other banks given the mandate were Daewoo Securities , Woori Investment & Securities and Tong Yang Securities. (Reporting by Shin Jieun and Kim Yeon-hee; Editing by Jonathan Hopfner) ((yeonhee.kim@thomsonreuters.com; +82 2 3704 5646; Reuters Messaging: yeonhee.kim.reuters.com@reuters.net)) Keywords: KOREALIFE/IPO (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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