Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 577

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 577
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 |           |         — |     |           |    148 |     |                  |      95 |   |     |             |      — |     |             |     95 |   |
| Genesis North America Power Company No.1 PEF                                   |     |       |    15,989 |     |           |     1,487 |     |           |  2,904 |     |                  |   2,523 |   |     |             |      — |     |             |  2,523 |   |
| SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 |     |       |   174,702 |     |           |         — |     |           | 42,498 |     |                  |  34,779 |   |     |             |      — |     |             | 34,779 |   |
| KOREA FINANCE SECURITY CO., LTD                                                |     |       |    36,392 |     |           |    14,629 |     |           | 48,995 |     |                  |  (1,136 | ) |     |             |      — |     |             | (1,136 | ) |

F-1 92

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 16. | Investments in associates (continued) |

|                                                                                          |     |  2023 |         |     |           |         |     |           |         |     |                  |         |   |     |             |   |     |             |         |   |
| Investees                                                                                |     | Asset |         |     | Liability |         |     | Operating 
 revenue   |         |     | Net profit(loss) |         |   |     | Other       
 comprehen-  
 sive income 
 (loss)      |   |     | Total       
 comprehen-  
 sive income 
 (loss)      |         |   |
| MIEL CO., LTD.                                                                           |     |     W |     422 |     |           |     565 |     |           |      36 |     |                  |       — |   |     |             | — |     |             |       — |   |
| AIP Transportation Specialized Privately Pl