Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 308

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 308
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 the guidelines issued by the Financial Services Commission for credit card companies. Under these guidelines, a credit card company is required to maintain a minimum adjusted equity capital ratio of 8%. This computation is based on the consolidated financial statements of the credit card company prepared in accordance with IFRS. See “Item 4.B. Business Overview — Supervision and Regulation — Principal Regulations Applicable to Credit Card Companies — Capital Adequacy.” |

| (3) | Solvency ratio is the ratio of the solvency margin to the standard amount of solvency margin as defined and computed in accordance with the guidelines issued by the Financial Services Commission for life insurance companies. Under these guidelines, Shinhan Life Insurance is required to maintain a minimum solvency ratio of 100%. See “Item 4.B. Business Overview — Supervision and Regulation — Principal Regulations Applicable to Insurance Companies — Capital Adequacy.” |

| ITEM 5.C. | Research and Development, Patents and Licenses, etc. |

Not applicable.

| ITEM 5.D. | Trend Information |

These matters are discussed under Items 4.B., 5.A. and 5.B. above where relevant.

| ITEM 5.E. | Critical Accounting Estimates |

Not applicable.

| ITEM 6. | DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES |

| ITEM 6.A. | Directors and Senior Management |

Executive Directors Our executive director is as follows:

Note:

| (1) | The date on which the term will end will be the date of the general shareholders’ meeting in the relevant year. |

Jin Okdongis our Chief Executive Officer. Prior to being elected to his current position on March 23, 2023, Mr. Jin served as the chief executive officer of Shinhan Bank from 2019 to 2023. Mr. Jin served as the deputy president of Shinhan Financial Group from 2017 to 2018, the deputy president of Shinhan Bank in 2017 and the chief executive officer of Shinhan Bank Japan from 2015 to 2016. Mr. Jin received a master’s degree in business administration from Chung Ang University. Non-Executiveand Outside Directors Non-executivedirectors are directors who are not our employees and do not hold executive officer positions with us. Outside directors are non-executivedirectors who also satisfy the requirements set forth under the Financial Investment Services and Capital Markets Act to be independent of our major shareholders, affiliates 228