CORRECTED-S.Korea's Jinro delays IPO, sets new pricing range

(Corrects to clarify that Jinro set new pricing range and delayed, not priced, IPO)

SEOUL, Sept 17 (Reuters) - South Korean spirit maker Jinro Ltd said on Thursday it had decided to delay its initial public offering due to new information made public, and set a new pricing range lower than the previous one.

Jinro, majority controlled by South Korea's Hite Holdings (000140.KS), said in a filing with the local regulator that it has lowered the pricing range to 45,000-50,000 won from a 54,000-60,000 won range given last month.

Jinro would raise at least 648 billion won ($537.6 million) based on the new pricing range, compared to the as much as $708 million it aimed to raise previously.

Jinro plans to offer 14.4 million shares held mostly by its number two and three shareholders -- savings associations of military officers and teachers.

($1=1205.4 Won)

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)