Korean giant to list

Samsung Life, non-Japan Asia''s biggest insurer, looks set to IPO in the second half. But just how big will the deal be?

Its IPO will be a boost to the Korean equity markets, but the question is by how much Samsung Life, Korea's biggest insurer is preparing a domestic IPO before year end and ADR in 2004, but in spite of its size and blue chip calibre, almost no one can put an exact figure on what the market capitalization of the company will be.

The consensus we received from actuarial consultants and investment bankers was that a market capitalization of between $8-15 billion may be about right.

That would place the company among Korea's top five by market cap somewhere between POSCO and KT.

Considering its size, it may...

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