Seoul Guarantee Insurance Co. (Ticker: 031210 KS) is a South Korean state-owned company operating in the insurance industry. It was formed through the merger of two ailing guarantee insurers that were bailed out by the Korea Deposit Insurance Corp. (KDIC) during the 1997-98 Asian financial crisis.

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 the price range of KRW 26,000-31,800. This offering represents a 10% stake in SGI being sold by the KDIC. The expected total offer size is KRW 182-222 billion won (~$1.3-1.5 billion USD ). The offering is managed by Mirae Asset Securities and Samsung Securities.

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. The company is also promising significant dividends to attract investors.