Shinhan Financial Group Files 1H 2024 Business Report

TL;DR

Shinhan Financial Group dropped its 1H 2024 business report on 8/14. Check it out.

AI Summary

Shinhan Financial Group Co., Ltd. filed a Form 6-K on August 14, 2024, reporting on its business for the month of July 2024. The filing includes a summary of its 1H 2024 Business Report and a separate Review Report for the same period, designated as Exhibit 99.1.

Why It Matters

This filing provides investors with an update on Shinhan Financial Group's performance and business activities for the first half of 2024, offering insights into the company's financial health and strategic direction.

Risk Assessment

Risk Level: low — This is a routine filing providing business updates and reports, not indicating any immediate financial distress or significant new risks.

Key Players & Entities

• Shinhan Financial Group Co., Ltd. (company) — Filer of the report
• August 14, 2024 (date) — Filing date
• July 2024 (date) — Reporting period
• 1H 2024 (date) — Period covered by the business report

FAQ

Filing Documents

• form_6k-20240814.htm (6-K) — 1098KB
• ck0001263043-ex99_1.htm (EX-99.1) — 2733KB
• ck0001263043-ex99_2.htm (EX-99.2) — 10281KB
• 0000950170-24-096625.txt ( ) — 14113KB

From the Filing

6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ——————— FORM 6-K ——————— REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the Month of July 2024 Commission File Number: 001-31798 ——————— SHINHAN FINANCIAL GROUP CO., LTD. (Translation of registrant's name into English) ——————— 20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea (Address of principal executive offices) ——————— Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F  Form 40-F  1 INDEX No. Description 1. 2. Summary of 1H 2024 Business Report Exhibit 99.1 Shinhan Financial Group Review Report for the 1H 2024 (Seperate) 3. Exhibit 99.2 Shinhan Financial Group Review Report for the 1H 2024 (Consolidated) 2 Summary of 1H 2024 Business Report On August 14, 2024, Shinhan Financial Group (“SFG”) filed its 1H 2024 Business Report (the “Business Report”) with the Financial Services Commission of Korea and the Korea Exchange pursuant to the Financial Investment Services and Capital Market Act of Korea. This is the summary of the Business Report translated into English. Non-material or previously disclosed information are omitted or abridged. The financial information in this report has been prepared in accordance with Korean International Financial Reporting Standards. Table of Contents 1. Introduction of the Group 2. Business Results 3. Other Financial Information 4. Independent Auditor 5. Corporate Governance 6. Major Shareholders and Market Price Information of our Common Shares and ADRs 7. Directors, Executive Officers and Employees 8. Related Party Transactions 9. Material Information after the reporting period 3 1. Introduction of the Group Company History (from Jan. 2010 through the reporting date) ▪ Jan. 2010: Shinhan Data System became a direct subsidiary of SFG ▪ Aug. 2010: Shinhan Macquarie Financial Advisory was disaffiliated from SFG ▪ Feb. 2011: Shinhan BNP Paribas Asset Management (Hong Kong) Ltd. became an indirect subsidiary of SFG ▪ Nov. 2011: Shinhan Bank Vietnam was merged with Shinhan Vina Bank ▪ Dec. 2011: Shinhan Savings Bank became a direct subsidiary of SFG ▪ Nov. 2012: Shinhan AITAS Co., Ltd. joined SFG as a direct subsidiary ▪ Jan. 2013: Yehanbyoul Savings Bank joined SFG as a direct subsidiary ▪ Apr. 2013: Shinhan Savings Bank merged with Yehanbyoul Savings Bank. As a result of the integration, Shinhan Savings Bank has been liquidated and Yehanbyoul Savings Bank now exists under the name of “Shinhan Savings Bank” as an existing legal entity ▪ Nov. 2014: LLP MFO Shinhan Finance (Kazakhstan) became an indirect subsidiary of SFG ▪ Jul. 2015: Shinhan Securities Vietnam Co., Ltd became an indirect subsidiary of SFG ▪ Oct. 2015: Banco Shinhan de Mexico became an indirect subsidiary of SFG ▪ Nov. 2015: PT Bank Shinhan Indonesia became an indirect subsidiary of SFG ▪ Dec. 2015: PT. Shinhan Indo Finance became an indirect subsidiary of SFG ▪ Dec. 2015: PT Centratama Nasional Bank became an indirect subsidiary of SFG ▪ Jun. 2016: Shinhan Microfinance Co., Ltd. became an indirect subsidiary of SFG ▪ Jul. 2016: PT Shinhan Securities Indonesia became an indirect subsidiary of SFG ▪ Dec. 2016: Launched new integrated PT Bank Shinhan Indonesia ▪ Oct. 2017: Established Shinhan REITs(Real Estate Investment Trusts) Management Co.,Ltd. as SFG subsidiary ▪ Dec. 2017: Shinhan K REITs became an indirect subsidiary of SFG ▪ Apr. 2018: Shinhan Alpha REITs (formerly known as Shinhan K REITs) was disaffiliated from SFG’s indirect subsidiary due to a change in the largest shareholder ▪ May 2018: GX SHINHAN INTERVEST 1st PEF became an indirect subsidiary of SFG ▪ May 2018: Shinhan DS Vietnam became an indirect subsidiary of SFG ▪ Sep. 2018: Shinhan Alpha Yongsan REIT became an indirect subsidiary of SFG ▪ Oct. 2018: SFG entered into a share purchase agreement with Asia Trust Co., Ltd. for the 100% acquisition. ▪ Feb. 2019: Orange Life Insurance, Ltd. joined SFG as a direct subsidiary (acquisition from majority shareholders) ▪ May 2019: Asia Trust. Co., Ltd. joined SFG as a direct subsidiary ▪ Aug. 2019: Shinhan AI Co., Ltd. incorporated and joined as a direct subsidiary ▪ Jan. 2020: Orange Life Insurance, Ltd. became a wholly-owned subsidiary (acquisi

View Full Filing

View this 6-K filing on SEC EDGAR