Seoul Guarantee Insurance Co. (Ticker: 031210 KS) is a South Korean state-owned company operating in the insurance industry.

Seoul Guarantee Insurance Co. is expected to start trading on the KOSPI on March 14, 2025. The firm is selling 6,982,160 shares at KRW 26,000, set at the bottom end of the initially guided range. This offering represents a 10% stake in SGI being sold by the KDIC, which controls 93.85% of the insurance company. The total offer size is KRW 181.5 billion ($125.4 million USD), with an expected market capitalization of KRW 1.82 trillion ($1.26 billion USD). The offering is managed by Samsung Securities Co. and Mirae Asset Securities Co.

The IPO has been re-attempted after a previous attempt in 2023 was dropped due to tepid investor response. The current IPO's target valuation has been slashed by about 40% compared to the 2023 attempt. To attract investors, the company has committed to paying KRW 200 billion (~$138.2 million USD) in dividends for 2024, equivalent to approximately 11% dividend yield for IPO subscribers, and plans to maintain this payout level through 2027.