Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 685

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 685
---
 — |     |      |   172 |   |
| Shinhan-Csquared Mezzanine Fund 1                                |     | Fees and commission income |     |      | — |     |      |  — |     |      |    20 |   |
| Shinhan Time BM sobujang Fund                                    |     | Fees and commission income |     |      | — |     |      |  — |     |      |   110 |   |
| KR Seocho Co., Ltd                                               |     | Interest income            |     |      | — |     |      |  — |     |      | 1,287 |   |

<div align='center'>F-31 9</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 49. | Related parties (continued) |

| Related party                                          |     | Account |                            |     | 2022 |        |     | 2023 |        |     | 2024 |        |   |
| Investments in associates(continued)                   |     |         |                            |     |      |        |     |      |        |     |      |        |   |
| Shinhan Market-Frontier Fund III                       |     |         | Fees and commission income |     |    W |      — |     |      |      — |     |      |  1,022 |   |
| SH K REITs Infra Real Estate Investment Trust[FoFs])   |     |         | Fees and commission income |     |      |      — |     |      |     25 |     |      |     50 |   |
| KB Distribution Private Real Estate3-1                 |     |         | Interest income            |     |      |      — |     |      |      — |     |      |    103 |   |
| ”                                                      |     |         | Provision for credit loss  |     |      |      — |     |      |      — |     |      |     (4 | ) |
| Capstone REITs No.26                                   |     |         | Interest income            |     |      |      — |     |      |      — |     |      |    589 |   |
| ”                                                      |     |         | Provision for credit