Shinhan Financial Group
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| Type | Public (KRX: 055550, NYSE: SHG) |
|---|---|
| Industry | Finance, commercial bank |
| Founded | Seoul, South Korea (2001) (Shinhan Bank in 1982) |
| Headquarters | Seoul, S. Korea |
| Key people | Eung Chan Ra, Chairman Sang Hoon Shin, President & CEO |
| Revenue | KRW 2.75 trillion (2007)  |
| Operating income | KRW 2.37 trillion (2007) |
| Net income | KRW 2.40 trillion (2007) |
| Employees | 88 (2007) |
| Subsidiaries | Shinhan Bank, Shinhan Card, Shinhan Investment Corporation, Shinhan Life Insurance, Shinhan Capital, Jeju Bank |
| Website | shinhangroup.com/eng/main/main.html |
| Shinhan Financial Group | |
|---|---|
| Hangul | 신한금융지주회사 |
| Hanja | 新韓金融持株會社 |
| Revised Romanization | Sinhan Geumnyung Jiju Hoesa |
| McCune–Reischauer | Sinhan Kŭmnyung Chiju Hoesa |
Shinhan Financial Group Co., Ltd. is a South Korean financial holding company. As of 2007, Shinhan is the largest financial company in Korea; Shinhan Bank, its main subsidiary, is the first among banks.[1]
Shinhan Financial's largest shareholder is BNP Paribas with 8.5% stake.[2]
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[edit] History
Shinhan Bank and its affiliates were a major financial group in S. Korea. On September 1, 2001, Shinhan Financial Group was established to change Shinhan into holding company system, which had been newly introduced into the country. Shinhan Financial was then listed on the Korea Stock Exchange. Later its ADRs were listed on the New York Stock Exchange in 2003.
In 2002, Shinhan bought Jeju Bank. That year Shinhan Securities merged with Good Morning Securities.
Shinhan acquired CHB Bank in 2003, then combined it with Shinhan Bank in 2006.
Shinhan bought LG Card in 2006,[3] and next year merged it with smaller Shinhan Card.
[edit] Subsidiaries
- Shinhan Bank, a commercial bank.
- Shinhan Card, a credit card company.
- Shinhan Investment Corporation, stockbroker
- Shinhan Life Insurance
- Shinhan Capital
- Jeju Bank (KRX: 006220), a local bank in Jeju Island.
- Shinhan Credit Information
- Shinhan Private Equity
- Shinhan Macquarie Financial Advisory
- Shinhan BNP Paribas Investment Trust Management, a 50:50 joint venture with BNP Paribas.
- SH&C Life Insurance, another partnership with BNP.
- Shinhan Data System
[edit] See also
[edit] References
- ^ Leading bank race "in a fog", Yonhap, Mar 3, 2008.
- ^ Shinhan to combine asset managing arm, JV with BNP, Reuters, Aug 13, 2008.
- ^ Korea Hot Stocks-LG Card, S-Oil, Korea Zinc, Woori, Reuters, Mar 30, 2007.
