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 has a number of 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 2003 and LG Card in March 2007 have enabled us to expand our nationwide organization of branch networks and broaden our customer base. In addition, SFG has significantly expanded its non-banking business capacity and achieved a balanced business portfolio.
Shinhan Financial Group Co., Ltd. (the “Company”) was incorporated on September 1, 2001 through a business combination involving exchange of the Company’s common stock with the former shareholders of Shinhan Bank, Shinhan Investment Corp., Shinhan Capital Co., Ltd. and Shinhan BNP Paribas Investment Trust Management Co., Ltd.
The Company was formed with W1,461,721 million of initial capital stock for the purpose of providing management services and financing to affiliate companies. The Company’s shares were listed on the Korea Exchange on September 10, 2001.
On September 16, 2003, the Company’s American depository shares were listed on the New York Stock Exchange.