MORE: Samsung Life to Buy London Building for 570b Won: Hankyung

Samsung Life Insurance (032830) plans to buy an office building in London from Government of Singapore Investment Corp. for 570B won, Korea Economic Daily or Hankyung reports, citing unidentified South Korean govt officials. * Based on value this would be biggest property acquisition overseas by a Korean insurer: Daily * Samsung Life to sign a final contract with GIC this month: Daily * Building located in Gresham Street, London; currently used as Commerzbank’s U.K. headquarters: Daily * Lee Kwang Ho, a Seoul-based spokesman at Samsung Life, declined to comment to report when contacted by Bloomberg

To contact the reporter on this story: Sangim Han in Seoul at sihan@bloomberg.net

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