Shinhan Financial Group
Since its foundation, Shinhan Financial Group has contributed to the national development through finance and made endless challenges to create new values for our customers and society. We developed new growth engines by focusing on a balanced growth between the banking and non-banking sectors and created new values through differentiated business models to become a global financial company in Korea. From now on, we will take the lead in becoming a company that is respected by society that exceeds the no.1 financial brand in Korea.
Dong Woo Han Chairman of Shinhan Financial Group
Company Introduction
Shinhan Financial Group was established in September 1, 2001, which is a financial holding company that consists of a total of 13 affiliates, including Shinhan Bank, Shinhan Card, Shinhan Investment, Shinhan Life, Shinhan BNP Paribas Asset Management and Shinhan Capital. It is Korea’s first financial group of private capitals that provides comprehensive financial services. SFG’s goal is to create synergy through close networks between affiliates to meet the diverse financial demands of customers, while also becoming Korea’s top financial brand by pursuing customer values. Shinhan Financial Group provides financial services to 29 million domestic customers with 20,000 employees and approximately 1,400 networks. It has 70 overseas networks in a total of 15 countries, including Japan, US, Britain, China, Germany, India, Hong Kong, Vietnam and Singapore. Also, SFG is growing into a financial company competing in the global market by being listed on both the Korea Stock Exchange (KRX) and the New York Stock Exchange (NYSE) at the same time in September 2003.
Material Issue Map
Major Issues Reported in 2012
Shinhan Financial Group conducted material issue evaluation to produce reports based on areas of interests for internal and external stakeholders. In 2012, the major issue reported was ‘acquiring competitiveness in the financial industry’ and ‘facilitating communication with stakeholders’. The measures taken by Shinhan Financial Group on these major issues are shown below.
Distribution of Economic Value
(Unit: KRW 1 billion)| Employees | Employee salaries/ welfare benefits | 25.4 |
|---|---|---|
| hareholders, investors | Dividends | 393.9 |
| Local communities | Social contribution investments | 0.6 |
| Government | Corporate tax expenses | -1.5 |
| Partner companies | Purchase and services | 0.6 |
| Others | Other general administrative expenses | 37.8 |