Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 546

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 546
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560million for the carrying amount exceeding the recoverable amount of the CGU. This is due to the decrease in recoverable amounts (W9,750million decrease comparing to the previous year) due to the underperformance from the cash-generating unit and the reflection of the future outlook. The amount of impairment loss recognized is included in the non-operating expenses, of the consolidated statement of comprehensive income. |

| (*2) | Included in general administrative expense, other operating income (expense), and insurance service expense of the consolidated statements of comprehensive income. |

<div align='center'>F-15 9</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 15. | Intangible assets (continued) |

|                                                      |     |     2024 |           |   |     |          |         |   |     |             |          |   |     |        |          |   |     |       |           |   |
|                                                      |     | Goodwill |           |   |     | Software |         |   |     | Development 
 cost        |          |   |     | Others |          |   |     | Total |           |   |
| Beginning balance                                    |     |        W | 4,677,204 |   |     |          | 259,233 |   |     |             |  464,638 |   |     |        |  816,871 |   |     |       | 6,217,946 |   |
| Acquisition                                          |     |          |         — |   |     |          |  67,077 |   |     |             |  196,292 |   |     |        |  110,230 |   |     |       |   373,599 |   |
| Disposal and write-off                               |     |          |         — |   |     |          |  (2,822 | ) |     |             |     (418 | ) |     |        |   (8,383 | ) |     |       |   (11,623 | ) |
| Amounts transferred from (to) property and equipment |     |          |         — |   |     |          |       — |   |     |             |   (2,302 | ) |     |