# EDGAR Filing Document

**Accession Number:** 0001930678
**File Stem:** 0001193125-23-019653
**Filing Date:** 2023-1
**Character Count:** 9983
**Document Hash:** aa12a13fab36e972e3443ba24ca8353e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-019653.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001193125-23-019653

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Seadrill Ltd
- **CENTRAL INDEX KEY:** 0001737706
- **STANDARD INDUSTRIAL CLASSIFICATION:** DRILLING OIL & GAS WELLS [1381]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90563
- **FILM NUMBER:** 23570191

**BUSINESS ADDRESS:**
- **STREET 1:** PAR-LA-VILLE PLACE, 14 PAR-LA-VILLE ROAD
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 08
- **BUSINESS PHONE:** 441 295 9500

**MAIL ADDRESS:**
- **STREET 1:** PAR-LA-VILLE PLACE, 14 PAR-LA-VILLE ROAD
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 08

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW SDRL LTD.
- **DATE OF NAME CHANGE:** 20180417
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Korea Trade Insurance Corp
- **CENTRAL INDEX KEY:** 0001930678
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 14, JONG-RO, JONGNO-GU
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 03187
- **BUSINESS PHONE:** 82-2-399-6885

**MAIL ADDRESS:**
- **STREET 1:** 14, JONG-RO, JONGNO-GU
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 03187

------

------

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

------

**SCHEDULE 13G** 

**Under the Securities Exchange Act of 1934** 

**(Amendment No.<u> </u>)\*** 

------

## Seadrill Limited
**(Name of Issuer)** 

**Common Shares, par value $0.01 per share** 

**(Title of Class of Securities)** 

**G7997W102** 

**(CUSIP Number)** 

**December 31, 2022** 

**(Date of Event Which Requires Filing of this Statement)** 

------

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d–1(b)

☐ Rule 13d–1(c)

☒ Rule 13d–1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

------

CUSIP No. G7997W102 Schedule 13G Page 1 of 5

(1) Names of
reporting persons **Korea Trade Insurance Corporation**

(2) Check the appropriate box if a member
of a group (see instructions) (a) ☐ (b) ☐

(3) SEC use only

(4) Citizenship or place of
organization **Republic of Korea**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | (5) | Sole voting power<br>**3,589,441** |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | (6) | Shared voting power<br>|
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | (7) | Sole dispositive power<br>**3,589,441** |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | (8) | Shared dispositive power<br>|

---

(9) Aggregate amount beneficially owned by each reporting person **3,589,441**

(10) Check if the aggregate amount in Row
(9) excludes certain shares (see instructions)

(11) Percent of class represented by amount
in Row (9) **7. 2%**

(12) Type of reporting person (see
instructions) **FI**

------

CUSIP No. G7997W102 Schedule 13G Page 2 of 5

***Item 1(a) Name of issuer:*** Seadrill Limited

***Item 1(b) Address of issuer's principal executive offices:***

Park Place, 55 Par la Ville Road, Hamilton, HM 11, Bermuda

***2(a) Name of person filing:***

Korea Trade Insurance Corporation

***2(b) Address or principal business office or, if none, residence:***

14, Jong-ro, Jongno-gu, Seoul, Republic of Korea

***2(c) Citizenship:***

Republic of Korea.

***2(d) Title of class of securities:***

Common Shares, par value $0.01 per share

***2(e) CUSIP No.:***

G7997W102

---

| | |
|:---|:---|
| ***Item 3.*** | ***If this statement is filed pursuant to §§240.13d–1(b) or 240.13d–2(b) or (c), check whether the person filing is a:***  |

---

Not Applicable

---

| | |
|:---|:---|
| ***Item 4.*** | ***Ownership***  |

---

(a) Amount beneficially owned: 3,589,441.

(b) Percent of class: 7.2%, based on 49,999,998 Common Shares of the Issuer outstanding as of October 12, 2022, as set forth in the Issuer's Form 8-A12B, filed on October 12, 2022.

(c) Number of shares as to which the person has:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Sole power to vote or to direct the vote 3,589,441.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Shared power to vote or to direct the vote 0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Sole power to dispose or to direct the disposition of 3,589,441.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Shared power to dispose or to direct the disposition of 0.

---

| | |
|:---|:---|
| ***Item 5.*** | ***Ownership of 5 Percent or Less of a Class.***  |

---

*Not Applicable* 

---

| | |
|:---|:---|
| ***Item 6.*** | ***Ownership of More than 5 Percent on Behalf of Another Person.***  |

---

Not Applicable

------

CUSIP No. G7997W102 Schedule 13G Page 3 of 5

---

| | |
|:---|:---|
| ***Item 7.*** | ***Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.***  |

---

Not Applicable

---

| | |
|:---|:---|
| ***Item 8.*** | ***Identification and Classification of Members of the Group.***  |

---

Not Applicable

---

| | |
|:---|:---|
| ***Item 9.*** | ***Notice of Dissolution of Group.***  |

---

Not Applicable

---

| | |
|:---|:---|
| ***Item 10.*** | ***Certifications***  |

---

Not Applicable

------

CUSIP No. G7997W102 Schedule 13G Page 4 of 5

**Signatures** 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | | |
|:---|:---|:---|
| Date: January 31, 2023 | Signature: | /s/ Hak Seong Kim |
|  | Name: | Hak Seong Kim |
|  | Title: | Senior Director, Project Restructuring Dep. |

---

------

CUSIP No. G7997W102 Schedule 13G Page 5 of 5

**LIST OF EXHIBITS** 

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| A | Power of Attorney. |

---

## Ex-99.A

**Exhibit A** 

**POWER OF ATTORNEY** 

With respect to holdings of and transactions in securities issued by Seadrill Ltd. (the "***Company***"), the undersigned hereby constitutes and appoints Hak Seong Kim, with full power of substitution and resubstitution, to act as the undersigned's true and lawful attorney-in-fact to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. execute for and on behalf of the undersigned, Schedules 13G in accordance with Section 13 of the
Securities Exchange Act of 1934, as amended (the "  ***Exchange Act*** "), and the rules thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to
complete and execute any such Schedule 13G, complete and execute any amendment or amendments thereto, and timely file such schedule with the SEC and any stock exchange or similar authority; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution and resubstitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney in-fact substitute, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.

The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 13 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Schedule 13G with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 31<sup>st</sup> day of January, 2023.

---

| | |
|:---|:---|
|  Signature: | /s/ In Ho Lee |
|  Name: | In Ho Lee |
|  Title: | Chairman & President |

---