Shinhan Financial Group Co LtdSHG
What Shinhan Financial Group Co Ltd does.
Unless otherwise specifically mentioned, the following business overview is presented on a consolidated basis under IFRS.
We have maintained a vision of becoming a “customer-centered, top-tier Shinhan” recognized by our clients as well as the broader community. In line with this vision, we have identified three core agendas as foundational principles to guide our overall strategic direction: (i) “Scandal Zero,” (ii) enhanced customer experience and convenience, and (iii) sustainable revenue generation. We are committed to maintaining and enhancing our position as a leading financial institution in Korea and globally. To this end, we have identified four key strategic initiatives for 2026 as outlined below.
We aim to elevate our robust internal control systems into a core differentiating competitive advantage, establishing and strengthening the trust we have gained from our customers and other participants in the industry. To this end, we have introduced responsibility maps delineating roles and responsibilities with appropriate checks and balances at the holding company as well as subsidiary levels, and we plan to further strengthen our infrastructure with respect to internal controls. We also seek to further refine our credit evaluation system to align incentives among stakeholders and utilize advanced technologies, including AI, to strengthen our fraud detection and internal controls monitoring systems. We also aim to expand and strengthen ethics training programs for our officers and employees to further our professional responsibility and ethics initiatives.
Revenue and profit, by fiscal year.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $6.48T | $58.82T | $61.33T | $74.06T |
| Net income | $3.40T | $3.41T | $4.02T | $4.67T | $4.37T | $4.45T |
| Free cash flow | $6.91T | -$1.32T | $3.87T | $6.86T | $268.4B | $4.36T |
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Figures from Shinhan Financial Group Co Ltd's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.