Samsung Life Insurance plans 10-for-1 stock split

By Nam Kwang-sik
SEOUL, Dec. 2 (Yonhap) --Samsung Life Insurance Co., South Korea's largest life
insurer, said Wednesday that its board of directors has decided to plan a
10-for-1 stock split.
Samsung Life Insurance said the stock split is aimed at boosting liquidity of the
company's shares after a public offering next year.
The insurer's 20 million outstanding shares worth 5,000 won (US$4.33) each will
become 200 million outstanding shares at 500 won per share after the stock split.
On Nov. 16, Samsung Life Insurance said it will list its shares on the Seoul main
bourse in the first half of 2010.
ksnam@yna.co.kr
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