The state-run Korean surety bond and credit insurance provider is set to go public with shares around US$35 each, potentially reaching a market cap of US$2.72bn.
As concerns continue to grow about South Korea's falling birth date, the Government and GIA have partnered to provide financial assistance for cryopreservation.
Local media reports show that over the past five years, Korean insurance companies have experienced a tripling of claims payouts and a more than fourfold rise in the number of claims.
The Japanese insurer is understood to be targeting large South Korean insurers interested in expansion, though reports in Malaysia suggest other Japanese insurers might be inte
The FSC plans to ease restrictions on overseas subsidiary investments and capital support, to stimulate global expansion from domestic financial companies.
