Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 610

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 610
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         |   |
| Investees                                                  |     | Unrecognized equitymethod losses |        |   |     | Cumulative unrecognizedequity method losses |         |   |
| MIEL CO., LTD.                                             |     |                                W | —      |   |     |                                             | (41     | ) |
| Shinhan Global Healthcare Fund 1                           |     |                                  | —      |   |     |                                             | (153    | ) |
| Shinhan Global Healthcare Fund 2                           |     |                                  | —      |   |     |                                             | (21     | ) |
| EDNCENTRAL Co., Ltd.                                       |     |                                  | (4,818 | ) |     |                                             | (10,495 | ) |
| Kiwoom Milestone Professional Private Real Estate Trust 19 |     |                                  | (73    | ) |     |                                             | (19,506 | ) |
|                                                            |     |                                W | (4,891 | ) |     |                                             | (30,216 | ) |

| 17. | Investment properties |

|                          |     | 2023 |          |   |     | 2024 |          |   |
| Acquisition cost         |     |    W |  410,475 |   |     |      |  495,844 |   |
| Accumulated depreciation |     |      | (152,669 | ) |     |      | (168,148 | ) |
| Carrying amount          |     |    W |  257,806 |   |     |      |  327,696 |   |

<div align='center'>F-2 2 6</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 17. | Investment properties (continued) |

|                                                       |     | 2023 |          |   |     | 2024 |         |   |
| Beginning balance                                     |     |    W |  363,108 |   |     |      | 257,806 |   |
| Acquisition                                           |     |      |    5,479 |   |     |      |   3,582 |   |
| Disposal                                              |     |      | (106,344 | ) |     |      |  (1,854