Shinhan Financial Group Files 6-K for November 2024

TL;DR

Shinhan Financial Group dropped its Nov 2024 6-K, check out the 3Q 2024 business report summary.

AI Summary

Shinhan Financial Group Co., Ltd. filed a Form 6-K on November 14, 2024, to report on its business activities for the month of November 2024. The filing includes a summary of its 3Q 2024 Business Report as Exhibit 99.1. Shinhan Financial Group is a South Korean financial services company headquartered in Seoul.

Why It Matters

This filing provides investors with an update on Shinhan Financial Group's performance and business activities, specifically including its 3Q 2024 results.

Risk Assessment

Risk Level: low — This is a routine filing providing business updates and financial report summaries, not indicating any immediate material changes or risks.

Key Players & Entities

• SHINHAN FINANCIAL GROUP CO., LTD. (company) — Registrant
• Seoul (location) — Company Headquarters
• November 2024 (date) — Reporting Period
• 3Q 2024 (date) — Financial Period

FAQ

Filing Documents

• form_6-k-20241114.htm (6-K) — 829KB
• ck0001263043-ex99_1.htm (EX-99.1) — 2765KB
• ck0001263043-ex99_2.htm (EX-99.2) — 10518KB
• 0000950170-24-126719.txt ( ) — 14114KB

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 November 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 3Q 2024 Business Report Exhibit 99.1 Shinhan Financial Group Review Report for the 3Q 2024 (Separate) 3. Exhibit 99.2 Shinhan Financial Group Review Report for the 3Q 2024 (Consolidated) 2 Summary of 3Q 2024 Business Report On November 14, 2024, Shinhan Financial Group (“SFG”) filed its 3Q 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 Not required to be disclosed in quarterly reports. Please refer to the business report for FY2023 submitted on March 18, 2024 and 1H FY2024 submitted on August 14 th , 2024 for your reference. Overview of the Business Group Not required to be disclosed in quarterly reports. Please refer to the business report for FY2023 submitted on March 18, 2024 and 1H FY2024 submitted on August 14 th , 2024 for your reference. Credit Ratings Not required to be disclosed in quarterly reports. Please refer to the business report for FY2023 submitted on March 18, 2024 and 1H FY2024 submitted on August 14 th , 2024 for your reference. Capital Structure Number of Shares (as of September 30, 2024) Types of Shares Number of Shares Number of shares authorized for issuance 1,000,000,000 Number of common shares issued (1) 509,393,214 Number of preferred shares issued - Total outstanding shares 509,393,214 Treasury stocks (2) 5,947,890 Total outstanding shares with voting rights 503,445,324 1) SFG issued 8,232,906 shares of common stock in relation to a comprehensive stock exchange between SFG and Orange Life Insurance on January 28, 2020. On September 29, 2020, SFG had a paid-in capital increase and issued 39,130,000 common shares (third-party allocation). On December 30, 2020, SFG issued 72,719 shares of common stock in relation to a small-scale stock exchange between SFG and Neoplux. 2) SFG acquired 1 share of treasury stocks through the acquisition of fractional shares as a result of a stock exchange between SFG and Orange Life Insurance on January 28, 2020 and between SFG and Neoplux on December 30, 2020 and 5,947,889 shares through the acquisition of treasury shares as a result of trust contract for acquisition of treasury stock approved on April 26, 2024. 4 Dividends (KRW million) Items 3Q 2024 (Jan. 01 ~ Sept. 30) FY 2023 (Jan. 01 ~ Dec. 31) FY 2022 (Jan. 01 ~ Dec. 31) Par value per share (Won) 5,000 5,000 5,000 (Consolidated) Net Income 4,044,079 4,868,035 4,665,643 (Separate) Net Income 1,597,981 1,671,011 1,249,251 (Consolidated Earnings per share (Won) 7,717 8,048 8,498 Total Cash dividends 820,287 1,086,317 1,092,813 Total stock dividends - - - (Consolidated) Cash dividend payout ratio (%) 20.28 24.87 23.42 Cash dividend yield (%) – common shares 2.91 4.78 5.49 Cash dividend yield (%) – preferred shares - - - Stock dividend yield (%) - - - Cash dividend per share (Won) 1,620 2,100 2,065 Stock dividend per share - - - 1) Cash dividend payout ratio on a common share basis for FY 2022 is 22.65%, and FY 2023 is 24.66%. 2) FY2022 has been restated retrospectively to reflect newly applied K-IF

View Full Filing

View this 6-K filing on SEC EDGAR