Shinhan Financial Group Co., Ltd. (Korean: 주식회사 신한금융지주회사; RR: Jusik Hoesa Sinhan Geumyung Jiju Hoesa) is a financial holding company headquartered in Seoul, South Korea.[1] Its subsidiaries provide a full range of financial services, including banking, securities, life insurance, and investment banking. It was founded in 1982[3] an is now one of Korea's so-called Big Five financial groups, along with KB Financial Group, NH Financial Group, Hana Financial Group, and Woori Financial Group.[4]
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Native name | 주식회사 신한금융지주회사 |
|---|---|
Company type | Public |
| KRX: 055550 NYSE: SHG | |
| Industry | Financial services |
| Founded | September 2001 |
| Headquarters | 20, Sejong-daero 9-gil, Jung-gu, , South Korea |
Area served | Worldwide |
Key people | Jin Ok-Dong (chairman & CEO) |
Number of employees |  167 (2020) |
| Subsidiaries | Shinhan Bank Shinhan Card Shinhan Asset Management |
| Website | www.shinhangroup.com |
| Footnotes / references [1][2] | |
For the year 2025, South Korea’s four largest financial holding companies (KB, Shinhan, Hana, and Woori) reported a combined nearly 18 trillion won ($12.6 billion) in net profit. Specifically, Shinhan reported a net profit of 4.97 trillion won, up 11.7%.[5]
In 2025, the company generated more than 1 trillion won ($695 million) in overseas pre-tax profit, becoming the first Korean financial group to cross this monetary threshold.[6]
Subsidiaries
editShinhan Financial Group owns a total of 17 direct subsidiaries under Korean Law.[1]
| Subsidiaries | Ownership by SFG | Notes |
|---|---|---|
| Shinhan Bank | 100.0% | |
| Shinhan Card | 100.0% | |
| Shinhan Investment Corp. | 100.0% | |
| Shinhan Life Insurance | 100.0% | Merged Orange Life in July 2021[7] |
| Shinhan Capital | 100.0% | |
| Shinhan Asset Management | 100.0% | Formerly Shinhan BNP Paribas Asset Management |
| Jeju Bank | 75.3% | Currently listed on the Korea Exchange (KRX: 006220) |
| Shinhan Savings Bank | 100.0% | |
| Asia Trust. Co., Ltd. | 60.0% | |
| Shinhan DS | 100.0% | |
| Shinhan AITAS | 99.8% | |
| Shinhan Credit Information | 100.0% | |
| Shinhan Alternative Investment Management | 100.0% | |
| Shinhan REITs Management | 100.0% | |
| Shinhan AI | 100.0% | |
| Shinhan Venture Investment | 100.0% | Formerly Neoplux Co., Ltd. |
| SHC Management | 100.0% | Currently in liquidation proceedings |
On May 5, 2026, Shinhan Financial Group held a Subsidiary CEO Candidate Recommendation Committee (Subsidiary Committee) meeting. It recommended Cheon Sang-young, Vice President of Shinhan, as the president candidate for Shinhan Life, and Lee Seok-won, former Head of the Strategy Division at the National Pension Service’s Fund Management Headquarters, as the president candidate for Shinhan Asset Management. This marked the replacement of two out of four subsidiary CEOs whose terms were expiring. The remaining two subsidiaries—Shinhan Asset Trust and Shinhan EZ General Insurance—received one-year extension recommendations for their current presidents, Lee Seung-soo and Kang Byung-kwan, respectively.[8]
Operations
editIn August 2018, Shinhan Financial Group acquired ING Life, Korea's sixth-largest life insurer, for about 2.4 trillion won (US$2 billion).[9]
In August 2024, Shinhan opened its new Vietnam headquarters in Ho Chi Minh City’s Thu Thiem financial district, bringing its subsidiaries together under one roof.[10]
In May 2025, it was announced that Shinhan chairman Jin Ok-dong had met with senior executives of United States-based multinational investment bank Goldman Sachs to discuss strategic cooperation and growth initiatives.[11]
In March 2026, Shinhan Investment Securities signed a memorandum of understanding (MOU) with Bridgecode to strengthen advisory services for succession-type mergers and acquisitions (M&A) of small and mid-sized companies.[12] Later that month, it was announced that Jin Ok-dong, the current chairman, had been approved by shareholders to lead the banking group for another three years.[13][14]
In April 2026, Shinhan and Visa Inc., held talks to discuss potential cooperation in global payments and technology-driven finance.[15]
Executives (past and present)
editHonorary Chairman
edit- Lee Hee-gun (2001–2011)
Chairman of the Board
edit- Namgoong Hoon (2012–2016)
- Park Cheol (2016–Present)[16]
Chairman & CEO
edit- Ra Eung-chan (2001–2010)
- Han Dong-woo (2011–2017)
- Cho Yong-byeong (2017–2022)
- Jin Ok-dong (2023–Present)[17][3]
President & CEO
edit- Ra Eung-chan (2001–2003)
- Choi Young-hwi (2003–2005)
- Lee In-ho (2005–2009)
- Shin Sang-hoon (2009–2010)
See also
editReferences
edit- 1 2 3 "Summary of FY2020 Business Report". U.S. Securities and Exchange Commission. March 17, 2021. Retrieved June 20, 2021.
- ↑ "Shinhan Financial Group 2020 Annual Report" (PDF). Shinhan Financial Group. Retrieved June 20, 2021.
- 1 2 "Shinhan Financial Group Co., Ltd. (055550.KS)". Yahoo! Finance. Retrieved 2026-04-12.
- ↑ "South Korean Big 5 banks' corporate loan growth rate halves in 2025 - UPI.com". UPI. Retrieved 2026-04-12.
- ↑ Kim, Jin-Seong; Jang, Hyun-Ju; Jeong, Eui-Jin (2026-02-06). "Korea's big 4 financial groups post record $12.3 bn profit as fees surge". The Korea Economic Daily. Retrieved 2026-04-14.
- ↑ Jin-Seong, Kim (2026-02-12). "Shinhan Financial posts record $695 mn in overseas profit, tops domestic peers". The Korea Economic Daily. Retrieved 2026-04-12.
- ↑ "Dissolution of a Subsidiary". U.S. Securities and Exchange Commission. July 1, 2021. Retrieved July 12, 2021.
- ↑ Woo-ryang, Kang (2025-12-05). "Shinhan Names New CEOs for Life, Asset Management". The Chosun Daily (in Korean). Retrieved 2026-04-16.
- ↑ Young-sil, Yoon (2018-08-15). "Shinhan Financial Group Acquires ING Life for US$2 Billion". Business Korea. Retrieved 2026-04-14.
- ↑ Ji-won, Choi (2024-08-18). "Shinhan opens new Vietnam headquarters". THE INVESTOR. Retrieved 2026-04-14.
- ↑ Kim, Jin-Seong (2025-05-25). "Shinhan Financial's Jin meets with Goldman Sachs Int'l CEO for strategies". The Korea Economic Daily. Retrieved 2026-04-14.
- ↑ Jung-a, Kang (2026-03-13). "Shinhan Securities partners with Bridgecode to boost Korea SME succession M&A". CHOSUNBIZ. Retrieved 2026-04-14.
- ↑ Sang-soo, Park (2026-03-26). "Incumbent chief of Shinhan Financial to lead banking group for 3 more years". MSN. Retrieved 2026-04-16.
- ↑ Ji-won, Choi (2026-03-26). "Shinhan Financial chief secures second term amid global push". The Korea Herald. Retrieved 2026-04-16.
- ↑ Han-gyoul, Lee (2026-04-03). "Shinhan, Visa explore tie-up in AI, digital assets". THE INVESTOR. Retrieved 2026-04-16.
- ↑ "Park Cheol-Woo". Bloomberg. Retrieved 2026-04-12.
- ↑ "Shinhan Financial Group Chairman Jin Ok-dong said in a shareholder letter, "We will convert Shinhan .. - MK". 매일경제. 2026-04-09. Retrieved 2026-04-12.