Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 400

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 400
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 of year                                          |     |      | 48 |     |    W |  24,413,946 |   |     |      |  30,416,884 |   |     |      |  35,247,543 |   |

See accompanying notes to the consolidated financial statements. F-1 6

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (In millions of won) December 31, 2023 and 2024

| 1. | Reporting entity |

Shinhan Financial Group Co., Ltd., the controlling company, and its subsidiaries included in consolidation (collectively the “Group”) are summarized as follows:

| (a) | Controlling company |

Shinhan Financial Group Co., Ltd. (the “Shinhan Financial Group” or the “Company”), the controlling company, is incorporated on September 1, 2001 for the main purposes of controlling, managing and funding Shinhan Bank, Shinhan Securities Co., Ltd., Shinhan Capital Co., Ltd. and Shinhan BNP Asset Management Co., Ltd. by way of share transfers. The total capital stock amounted to W 1,461,721 million. Also, Shinhan Financial Group’s shares have been listed on the Korea Exchange since September 10, 2001 and Shinhan Financial Group’s American Depositary Shares have been registered with the Securities and Exchange Commission (SEC) and listed on the New York Stock Exchange since September 16, 2003.

|                                   |     |                                        |     |            |     | Date offinancialinformation |     | Ownership (%) |       |      |     |       |
| Investor                          |     | Investee (*1)                          |     | Location   |     |                        2023 |     |               |       | 2024 |     |       |
| Shinhan Financial Group Co., Ltd. |     | Shinhan Bank                           |     | Korea      |     |                 December 31 |     |               | 100.0 |      |     | 100.0 |
| ”                                 |     | Shinhan Card Co., Ltd.                 |     | ”          |     |                           ” |     |               | 100.0 |      |     | 100.0 |
| ”                                 |     | Shinhan Securities Co., Ltd.           |     | ”          |     |                           ” |     |               | 100.