DOCSLIB.ORG

Shinhan Financial Group Co

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Shinhan Financial Group Co SECURITIES AND EXCHANGE COMMISSION FORM 20-F Annual and transition report of foreign private issuers pursuant to sections 13 or 15(d) Filing Date: 2008-06-30 | Period of Report: 2007-12-31 SEC Accession No. 0001145549-08-001204 (HTML Version on secdatabase.com) FILER SHINHAN FINANCIAL GROUP CO LTD Business Address 120 2-GA TAEPYUNG RO CIK:1263043| IRS No.: 000000000 JUNG GU Type: 20-F | Act: 34 | File No.: 001-31798 | Film No.: 08924560 SEOUL100-102 F4 00000 SIC: 6021 National commercial banks 82263603000 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents As filed with the Securities and Exchange Commission on June 30, 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2007 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission File Number: 001-31798 Shinhan Financial Group Co., Ltd. (Exact name of registrant as specified in its charter) N/A The Republic of Korea (Translation of registrants (Jurisdiction of incorporation name into English) or organization) 120, 2-Ga, Taepyung-Ro, Jung-Gu Seoul 100-102, Korea (Address of principal executive offices) Sung Hun Ryu, +822 6360 3071, [email protected], +822 6360 3098 (F), 120, 2-Ga, Taepyung-Ro. Jung-Gu Seoul 100-102, Korea (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of Each Class: Name of Each Exchange on Which Registered: Common stock, par value Won 5,000 per share New York Stock Exchange* American depositary shares New York Stock Exchange Not for trading, but only in connection with the listing of American depositary shares on the New York Stock Exchange, pursuant to the requirements of the * Securities and Exchange Commission. Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of Shinhan Financial Groups classes of capital or common stock as of the close of the last full fiscal year covered by this Annual Report: 396,199,587 shares of common stock, par value of Won 5,000 per share Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act: Yes þ No o If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934: Yes o No þ Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Note Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those sections. Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer þ Accelerated filer o Non-accelerated filer o Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S. GAAP þ International Financial Reporting Standards as issued by the International Accounting Standards Board o Other o If Other has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow: Item 17 o Item 18 o If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2) of the Exchange Act: Yes o No þ (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court: Yes o No o Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents TABLE OF CONTENTS Page EXPLANATORY NOTE 1 CERTAIN DEFINED TERMS, CONVENTIONS AND CURRENCY OF PRESENTATION 1 FORWARD LOOKING STATEMENTS 2 ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 3 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 3 ITEM 3. KEY INFORMATION 3 Selected Financial Data 3 Exchange Rates 11 Risk Factors 12 ITEM 4. INFORMATION ON THE COMPANY 28 History and Development of Shinhan Financial Group 28 Acquisition of LG card 35 Business Overview 37 Description of Assets and Liabilities 69 Supervision and Regulation 122 Properties 154 ITEM 4A. UNRESOLVED STAFF COMMENTS 155 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 155 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 208 Directors and Senior Management 208 Compensation 211 Corporate Governance 212 Board Practices 214 Employees 216 Share Ownership 216 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 221 Major Shareholders 221 Related Party Transactions 223 ITEM 8. FINANCIAL INFORMATION 224 Consolidated Financial Statements and Other Financial Information 224 ITEM 9. THE OFFER AND LISTING 225 Market Price Information and Trading Market 225 ITEM 10. ADDITIONAL INFORMATION 230 Articles of Incorporation 230 Material Contracts 239 Exchange Controls 239 Taxation 242 Documents On Display 250 ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 250 ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 250 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 250 ITEM 14. MATERIAL MODIFICATION TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 251 i Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Page ITEM 15. CONTROLS AND PROCEDURES 251 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 252 ITEM 16B. CODE OF ETHICS 252 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 253 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 253 ITEM 16E. PURCHASE OF EQUITY SECURITIES BY SHINHAN CARD AND AFFILIATED PURCHASERS 253 ITEM 17. FINANCIAL STATEMENTS 253 ITEM 18. FINANCIAL STATEMENTS 254 ITEM 19. EXHIBITS 254 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 INDEX OF EXHIBITS E-1 EX-1.1. ARTICLES OF INCORPORATION EX-4.7 ACQUISITION AGREEMENT EX-8.1 LIST OF ALL SUBSIDIARIES EX-12.1 CERTIFCATIONS OF OUR CEO EX-12.2 CERTIFICATIONS OF OUR CFO EX-13.1 CERTIFICATIONS OF OUR CEO EX-13.2 CERTIFICATIONS OF OUR CFO ii Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents EXPLANATORY NOTE Effective as of April 3, 2006, we merged Shinhan Bank, our principal banking subsidiary, into Chohung Bank, our then wholly-owned subsidiary whose controlling equity interest we acquired in August 2003, and renamed the merged entity as Shinhan Bank. Unless otherwise indicated, statistical and financial information relating to Shinhan Bank for the year ended December 31, 2006 includes the corresponding information of Chohung Bank for the period from January 1, 2006 through April 2, 2006. See Item 4. Information on the Company History and Development of Shinhan Financial Group History and Organization. On March 23, 2007, we acquired the controlling equity interest in LG Card, the largest credit card company in Korea. We then applied the equity method of accounting for our previous ownership interest of 7.15% in LG Card. Where indicated, statistical and financial information of the prior years presented herein were adjusted to reflect the equity method of accounting. See note 2 in the notes to the consolidated financial statements included in this annual report for additional information. Effective as of September 21, 2007, we completed the acquisition of the remaining LG Card shares, and LG Card became our wholly-owned subsidiary. On October 1, 2007, LG Card assumed all of the assets, liabilities, and contracts of the former Shinhan Card, our then-existing credit card subsidiary, and changed its name to Shinhan Card. On the same date, the former Shinhan Card changed its name to SHC Management Co., Ltd. Unless otherwise indicated, statistical and financial information relating to Shinhan Card for the year ended December 31, 2007 include the corresponding information of the former Shinhan Card for the period from January 1, 2007 through September 30, 2007 and the corresponding information of LG Card (renamed Shinhan Card on October 1, 2007) for the period from March 1, 2007 through December 31, 2007.
Load more

Recommended publications
  • FTSE Korea 30/18 Capped
    2 FTSE Russell Publications 19 August 2021 FTSE Korea 30/18 Capped Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) Alteogen 0.19 KOREA Hyundai Engineering & Construction 0.35 KOREA NH Investment & Securities 0.14 KOREA AmoreG 0.15 KOREA Hyundai Glovis 0.32 KOREA NHN 0.07 KOREA Amorepacific Corp 0.65 KOREA Hyundai Heavy Industries 0.29 KOREA Nong Shim 0.08 KOREA Amorepacific Pfd. 0.08 KOREA Hyundai Marine & Fire Insurance 0.13 KOREA OCI 0.17 KOREA BGF Retail 0.09 KOREA Hyundai Merchant Marine 1.02 KOREA Orion 0.21 KOREA BNK Financial Group 0.18 KOREA Hyundai Mipo Dockyard 0.15 KOREA Ottogi 0.06 KOREA Celltrion Healthcare 0.68 KOREA Hyundai Mobis 1.53 KOREA Paradise 0.07 KOREA Celltrion Inc 2.29 KOREA Hyundai Motor 2.74 KOREA Posco 1.85 KOREA Celltrion Pharm 0.24 KOREA Hyundai Motor 2nd Pfd. 0.33 KOREA Posco Chemical 0.32 KOREA Cheil Worldwide 0.14 KOREA Hyundai Motor Pfd. 0.21 KOREA Posco International 0.09 KOREA CJ Cheiljedang 0.3 KOREA Hyundai Steel 0.33 KOREA S1 Corporation 0.13 KOREA CJ CheilJedang Pfd. 0.02 KOREA Hyundai Wia 0.13 KOREA Samsung Biologics 0.92 KOREA CJ Corp 0.11 KOREA Industrial Bank of Korea 0.22 KOREA Samsung C&T 0.94 KOREA CJ ENM 0.15 KOREA Kakao 3.65 KOREA Samsung Card 0.08 KOREA CJ Logistics 0.12 KOREA Kangwon Land 0.23 KOREA Samsung Electro-Mechanics 0.81 KOREA Coway 0.36 KOREA KB Financial Group 1.78 KOREA Samsung Electronics 25.36 KOREA Daewoo Engineering & Construction 0.12 KOREA KCC Corp 0.12 KOREA Samsung Electronics Pfd.
    [Show full text]
  • Holdings-Report.Pdf
    The Fund is a closed-end exchange traded management Investment company. This material is presented only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. Changes to investment policies, current management fees, and other matters of interest to investors may be found in each closed-end fund's most recent report to shareholders. Holdings are subject to change daily. PORTFOLIO HOLDINGS FOR THE KOREA FUND as of July 31, 2021 *Note: Cash (including for these purposes cash equivalents) is not included. Security Description Shares/Par Value Base Market Value (USD) Percent of Base Market Value SAMSUNG ELECTRONICS CO 793,950 54,183,938.27 20.99 SK HYNIX INC COMMON 197,500 19,316,452.95 7.48 NAVER CORP COMMON STOCK 37,800 14,245,859.60 5.52 LG CHEM LTD COMMON STOCK 15,450 11,309,628.34 4.38 HANA FINANCIAL GROUP INC 225,900 8,533,236.25 3.31 SK INNOVATION CO LTD 38,200 8,402,173.44 3.26 KIA CORP COMMON STOCK 107,000 7,776,744.19 3.01 HYUNDAI MOBIS CO LTD 26,450 6,128,167.79 2.37 HYUNDAI MOTOR CO 66,700 6,030,688.98 2.34 NCSOFT CORP COMMON STOCK 8,100 5,802,564.66 2.25 SAMSUNG BIOLOGICS CO LTD 7,230 5,594,175.18 2.17 KB FINANCIAL GROUP INC 123,000 5,485,677.03 2.13 KAKAO CORP COMMON STOCK 42,700 5,456,987.61 2.11 HUGEL INC COMMON STOCK 24,900 5,169,415.34 2.00 SAMSUNG 29,900 4,990,915.02 1.93 SK TELECOM CO LTD COMMON 17,500 4,579,439.25 1.77 KOREA INVESTMENT 53,100 4,427,115.84
    [Show full text]
  • League Tables Q1 2020 Q1 2020
    KOREA CAPITAL MARKETS LEAGUE TABLES Q1 2020 Q1 2020 MANAGER RANKINGS KOREA CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions; according to Bloomberg standards. LEAG<GO> for a full range of league tables MA<GO> for a full range of merger & acquisition tables NI LEAG CRL<GO> or http://www.bloomberg.com/ for a full range of market-specific league table publications Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service. DATA SUBMISSIONS AND QUERIES Contact Phone Email Equities Joo Jeon +82 2 6360 1773 [email protected] Fixed Income Jin Ye Kim +82 2 6360 1763 [email protected] Seongji Ko +82 2 6360 1754 [email protected] Loans Soomi Oh +65 6231 3428 [email protected] © 2020 Bloomberg Finance L.P. All rights reserved. Bloomberg South Korea Capital Markets | Q1 2020 South Korea Bonds: Industry Breakdown South Korea Bonds 19% Q1 2020 Q1 2019 42% Mkt Volume (KRW Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) KB Financial Group Inc 1 21.529 4,369,972 109 1 25.150 -3.621 39% NH Investment & Securities Co Ltd 2 18.937 3,843,787 76 2 22.397 -3.460 Korea Investment & Securities Co 3 13.741 2,789,058 80 3 10.509 3.232 SK Securities 4 10.251 2,080,772 78 4 8.581 1.670 Mirae Asset Daewoo Co Ltd 5 9.241 1,875,813 53 6 6.681 2.560 Government 42% Shinhan Financial
    [Show full text]
  • Living in Korea
    A Guide for International Scientists at the Institute for Basic Science Living in Korea A Guide for International Scientists at the Institute for Basic Science Contents ⅠOverview Chapter 1: IBS 1. The Institute for Basic Science 12 2. Centers and Affiliated Organizations 13 2.1 HQ Centers 13 2.1.1 Pioneer Research Centers 13 2.2 Campus Centers 13 2.3 Extramural Centers 13 2.4 Rare Isotope Science Project 13 2.5 National Institute for Mathematical Sciences 13 2.6 Location of IBS Centers 14 3. Career Path 15 4. Recruitment Procedure 16 Chapter 2: Visas and Immigration 1. Overview of Immigration 18 2. Visa Types 18 3. Applying for a Visa Outside of Korea 22 4. Alien Registration Card 23 5. Immigration Offices 27 5.1 Immigration Locations 27 Chapter 3: Korean Language 1. Historical Perspective 28 2. Hangul 28 2.1 Plain Consonants 29 2.2 Tense Consonants 30 2.3 Aspirated Consonants 30 2.4 Simple Vowels 30 2.5 Plus Y Vowels 30 2.6 Vowel Combinations 31 3. Romanizations 31 3.1 Vowels 32 3.2 Consonants 32 3.2.1 Special Phonetic Changes 33 3.3 Name Standards 34 4. Hanja 34 5. Konglish 35 6. Korean Language Classes 38 6.1 University Programs 38 6.2 Korean Immigration and Integration Program 39 6.3 Self-study 39 7. Certification 40 ⅡLiving in Korea Chapter 1: Housing 1. Measurement Standards 44 2. Types of Accommodations 45 2.1 Apartments/Flats 45 2.2 Officetels 46 2.3 Villas 46 2.4 Studio Apartments 46 2.5 Dormitories 47 2.6 Rooftop Room 47 3.
    [Show full text]
  • Card Fraud Worldwide Unionpay, Visa, Mastercard, JCB, American Express, Diners GloAl LossS N BL
    FOR 46 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE OCTOBER 2016 / ISSUE 1096 Top Card Issuers in Asia–Pacific See charts on pages 10 and 11 for the 50 largest issuers of Card Fraud Worldwide UnionPay, Visa, Mastercard, JCB, American Express, Diners Global Losses in $Bil. 20102020 Club, and Maestro general purpose credit, debit, and prepaid consumer and commercial cards as well as domestic general with Cents per $100 of Total Volume > see p. 9 $32.82 $31.67 Real-Time Payments in the U.S. $31.26 $27.69 The Clearing House Payments Company signed a contract $24.71 $21.84 in December 2015 for software from U.K.-based VocaLink needed to create a new interbank payment system that will give $18.11 consumers and businesses the ability to send and receive payments $13.70 $11.27 > see p. 9 $9.84 $7.60 Personetics Adds Chatbot Commerce Services Digital customer service technology from Personetics, first 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 deployed three years ago, helps payment card issuers cut costs through predictive models that anticipate a cardholder’s question 7.2¢ 7.2¢ 7.3¢ 7.0¢ 6.9¢ or problem when they make initial contact in an online session. 6.5¢ 6.2¢ > see p. 5 5.2¢ 5.5¢ Credit Card Portfolio Sales 5.1¢ 4.5¢ Capital One, the 4th largest Visa/Mastercard credit card issuer in the United States, will buy the outstanding credit card receivables of Cabela’s, the 14th largest U.S. issuer. The contract includes © 2016 The Nilson Report a 10-year deal for Capital One to issue co-branded credit cards > see p.
    [Show full text]
  • Shinhan Financial Group Annual Report 2008 C O N T E N T S
    Sustainability meets Reliability Shinhan Financial Group Annual Report 2008 C o n t e n t s 001 Profile 002 Stock Performance 003 Financial Highlights 004 Chairman’s Message 006 CEO’s Message 010 BOD and Management (Shinhan Financial Group) 012 BOD and Management (Subsidiaries) 014 Management Principles – “ABCD Principles” 017 Business Portfolio Inspiring confidence 020 Vision and Strategy 022 Capital Management 023 Corporate Governance 024 Risk Management Achieving balance 028 Synergy 030 Retail Banking 032 Corporate Banking 034 Credit Card 036 Wealth Management 038 Brokerage 040 Insurance 042 Investment Banking 043 Asset Management Sustaining growth 046 Corporate Social Responsibilities 048 Ethical Management 049 HR Management 050 Customer Satisfaction Financial section 052 Management’s Discussion & Analysis 076 Independent Auditors’ Report 078 Consolidated Financial Statements 087 Notes to Consolidated Financial Statements 170 Directory 172 Organization Chart 173 Contact Us P r o f i l e Incorporated on September 1, 2001, Shinhan Financial Group (SFG) was the first privately established financial holding company in Korea. Since its inception, SFG has developed and introduced a wide range of financial products and services in Korea, and aims to deliver comprehensive financial solutions to clients through a convenient one-portal network. SFG currently has 11 subsidiaries offering a wide range of financial products and services, including retail banking, corporate banking, private banking, credit card, asset management, brokerage and insurance services. SFG currently serves approximately 14.8 million active customers through approximately 17,200 employees at more than 1,430 network branches. SFG has experienced substantial growth through several mergers and acquisitions. Most notably, the acquisition of Chohung Bank in Sept.
    [Show full text]
  • Make a Difference! 2004 Annual Report
    2004 ANNUAL REPORT 2004 ANNUAL Make a Difference! 2004 Annual Report 203,Hoehyun-Dong,1-Ga, Chung-Gu, Seoul 100-792, Korea Tel : 82-2-2125-2000 Fax : 82-2-2125-2291~4 http://www.woorifg.com CONTENTS 선도 lead Woori At a Glance_04 Financial Highlights_06 Letter to the Shareholders_08 창조 create Board of Directors_16 Corporate Governance_18 Risk Management_21 Operational Efficiency_23 감동 fulfill Universal Banking Platform_28 Corporate Banking_29 Retail Banking_32 Investment & Securities_34 공헌 contribute Culture for Success_38 Corporate Social Responsibility_40 Financial Information _ 43 International Network_200 Organization Chart_202 Group Structure _ 203 Directory & Network_204 Forward-Looking Statements 우리 Many languages, One meaning ; nous 我等 nosotros emeis 私たち wir Woori－A new page in the history of the Korean financial sector Woori is a Korean word referring to community or togetherness. The word "Woori," meaning "we" in English, implies intimacy, harmony, unity, cooperation, and sharing. It represents a spirit of unity, as opposed to separation, and demonstrates the philosophy and values of Woori Financial Group (WFG) in support of collective realization of long-term prosperity and personal fulfillment. "Woori" also refers to WFG's ideals of social contribution. Profile Established as Korea’s first financial holding company in 2001, Woori Financial Group (WFG) reported KRW 13.4 trillion in revenues and KRW 1.3 trillion in net income in 2004, recording the highest profits in the Korean financial industry. The company offers comprehensive financial services to over 17 million customers. A strong corporate culture and reputable brand name are the driving force behind our goal to become Korea's leading integrated financial services provider.
    [Show full text]
  • Shinhan Financial Group (055550 KS ) Steadily Marching Forward
    Shinhan Financial Group (055550 KS ) Steadily marching forward Banks 4Q19 review: Net profit attributable to controlling interests of W507.5bn Results Comment For 4Q19, Shinhan Financial Group (SFG) announced net profit attributable to February 6, 2020 controlling interests of W507.5bn (-1.1% YoY, -48.3% QoQ), missing our estimate (W573.5bn) and the consensus (W582.8bn based on FnGuide) by 11-13%. Core income was better than our expectation, but other non-interest losses and non-operating expenses were larger. Major one-off items in the quarter included: 1) W150bn in non- operating expenses caused by changes in the amortization schedule of intangible (Maintain) Buy assets related to city government funds; 2) W120bn in expenses due to the execution of a massive early retirement program (implemented once every two years ); 3) W14bn Target Price (12M, W) 54,000 in reversals of provisions; and 4) W57bn in total return swap impairments (non- interest) at Shinhan Investment related to the redemption suspension of Lime Asset Share Price (02/05/20, W) 39,250 Management’s funds. Minus these one-off i tems, we estimate underlying net profit was around W700bn. Expected Return 38% For the full year, the non-bank contribution to net profit increased to 34% (from 31% in 2018), as bank net profit rose 2% YoY, while non-bank net profit grew 15% YoY . Group NP (19F, Wbn) 3,403 interest income and non-interest income grew 5% and 33% YoY, respectively. Group Consensus NP (19F, Wbn) 3,483 domestic net profit gained 6% YoY, while global net profit expanded 23% YoY to W397.9bn.
    [Show full text]
  • Analysing the Changing Trajectory of South Korea's ICT Business
    Analysing the Changing Trajectory of South Korea’s ICT Business Environment Nigel Callinan Thesis presented for the award of Doctor of Philosophy Supervisors: Professor Bernadette Andreosso & Dr. Mikael Fernström University of Limerick Submitted to the University of Limerick November 2014 Declaration I hereby certify that this material, which I now submit for assessment on the programme of study leading to the award of Doctor of Philosophy is entirely my own work, that I have exercised reasonable care to ensure that the work is original, and does not to the best of my knowledge breach any law of copyright, and has not been taken from the work of others save and to the extent that such work has been cited and acknowledged within the text of my work. Signed: ___________________________________ I.D No: 10142886 Date: Monday 10th November 2014 2 Abstract This thesis aims to provide a new perspective on the development of South Korea’s Information and Communications Technologies (ICT) Business Environment by taking a cross-disciplinary look at the area. Most studies on this subject have tended to remain within the boundaries of a single discipline. In this study, an interdisciplinary approach is taken to trace more of the paths that have influenced the development. This will provide a better understanding of the area and this insight should make it easier for any prospective organisation hoping to enter the Korean market to be successful. In little over two generations, South Korea has transformed from being one of the poorest countries in the world into a global business leader. Currently, Information Technology products are at the forefront of exports from the country and the world’s largest electronics company hails from a city just south of Seoul.
    [Show full text]
  • View Annual Report
    2003 ANNUAL REPORT JUST THE BEGINNING Building our way to becoming the financial leader through One-Portal network. 2003 ANNUAL REPORT THE BEST IS YET TO COME RELY ON SFG BUILD IN ALL DIRECTIONS OUR SYNERGY CREATION Corporate Profile_01 Vision and Strategy_18 Subsidiaries_26 Financial Highlights_02 Customers_19 Commercial Banking_28 Message from the Chairman_04 Investors_20 Investment Banking_32 Message from the CEO_06 Communities and Society_21 Brokerage_34 Corporate Governance _12 Asset Management_35 BOD & Management_13 Credit Cards_36 Employees_15 Private Banking_38 Bancassurance_40 E-business_41 Risk Management_43 SFG FINANCIALS AND OTHER MD&A_48 Financial Statements_94 Organization Chart_200 Directory_201 Share and Shareholder Information_204 Contact Point_205 Financial Calendar_205 JUST THE BEGINNING Rely on SFG to build enterprise value through the synergy of our One-Portal network. Shinhan Financial Group Co., Ltd. (SFG) is Korea's first financial holding company that delivers comprehensive financial solutions through a powerful One-Portal network to meet all of our customers' financial needs. Our subsidiaries offer quality financial products and services in commercial banking, credit card, private banking, asset management, investment banking, brokerage and insurance. As of December 31, 2003, SFG reported KRW 160 trillion in total assets, over 10 million active customers, and 970 network branches nationwide. In addition, SFG has 21 offices in nine countries, including the U.S., the U.K., Japan, China, Germany, India, Hong Kong,
    [Show full text]
  • AMS1JN Samsung Main Building 250 2-Ka Taepyung-Ro Chung-Ku Korea 100-742 ELECTRONC8 Seoul TEL 727-7721 FAX 727-7360
    SAMSUNG ELECTRONICS CO LTD AMS1JN Samsung Main Building 250 2-Ka Taepyung-Ro Chung-Ku Korea 100-742 ELECTRONC8 Seoul TEL 727-7721 FAX 727-7360 February 23 2010 Securities and Exchange Commission Office of International Corporate Finance SUPPL 450 Fifth Street N.W Washington D.C 20549 File No 82- Re Samsung Electronics Co Ltd Rule 12g3-2b Filing Commission 3109 Ladies and Gentlemen Electronics Ltd to the The following information is provided by Samsung Co of Rule Securities and Exchange Commission pursuant to paragraph 2g3- 2b under the Securities Exchange Act of 1934 as amended do not hesitate to call Should you have any questions on the foregoing please Myung Kun Kim of Samsung Electronics IR Director at 822 2255-81 39 Thank you Very truly yours Thomas Kim Investor Relations Team Samsung Electronics Tel 82-2-727-7408 Fax 82-2-727-7286 Email [email protected] BOD Approval of Merger with Sam sung Digital Imaging Electronics the with On February 23 2010 the BOD of Samsung approved merger Ltd Samsung Digital Imaging Co Details of the Merger Method of merger Samsung Electronics will absorb Samsung Digital Imaging Objective of Merger business and to maximize To increase management efficiency of the digital camera synergy between businesses Merger Ratio 0.0577663 Merger Ratio Samsung Electronics Samsung Digital Imaging Date of Effect April 2010 Method of Payment Samsung Electronics will distribute treasury shares common shares to Samsung Digital Imaging shareholders to pay for the merger See Distribution of Treasury Shares below for
    [Show full text]
  • View Annual Report
    BUILT : FOR YOU a New Force in Financial Services Annual Report 2002 BUILT: Ten in One Providing Diversified Financial Services through One Network Established as Korea’s first privately initiated financial holding company, Shinhan Financial Group (SFG) is a premier financial institution with a comprehensive financial network. Through our ten subsidiaries, we offer a complete range of products and services in banking, securities, credit cards, investment trusts, lease financing, credit information, financial advisory, bancassurance and web-based financial portal service. We seek to become a leading one-portal financial services group in Korea by leveraging the strengths of our diversified business platform and cooperating with our partners in order to maximize synergies. We are committed to providing efficient, convenient, and quality financial products and services to our customers while also creating sustainable growth and value for our shareholders. Experience the wide spectrum of financial services provided through the powerful network of Shinhan Financial Group. Extend your financial network! To anchor the holding company model as we adjust our business operations to construct a truly comprehensive financial services group... PROFILE Shinhan Financial Group (“Group”), one of the most dynamic financial holding companies in Korea was established in September 2001 with six subsidiaries including Shinhan Bank as its flagship of the Group. Currently the Group consists of ten subsidiaries ; Shinhan Bank, Goodmorning Shinhan Securities, Shinhan Card, Shinhan Capital, Shinhan BNP Paribas Investment Trust Management, Jeju Bank, Shinhan Macquarie Financial Advisory, SH&C Life Insurance, e-Shinhan, and Shinhan Credit Information. The Group is providing comprehensive and high standard financial services through 494 branches network by approximately 7,000 staffs.
    [Show full text]