Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 670

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 670
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           |   (1,089 | ) |     |               |        — |   |     |         |   10,356 |   |
| Others                                                                         |     |           | (1,551,513 | ) |     |           |   (2,239 | ) |     |               |  851,830 |   |     |         | (701,922 | ) |
|                                                                                |     |           |   (589,544 | ) |     |           | (233,953 | ) |     |               |  424,679 |   |     |         | (398,818 | ) |
| Expired unused tax losses:                                                     |     |           |            |   |     |           |          |   |     |               |          |   |     |         |          |   |
| Extinguishment of deposit and insurance liabilities                            |     |           |    200,668 |   |     |           |  (20,165 | ) |     |               |        — |   |     |         |  180,503 |   |
|                                                                                |     |         W |   (388,876 | ) |     |           | (254,118 | ) |     |               |  424,679 |   |     |         | (218,315 | ) |

| (*1) | Deferred tax assets from overseas subsidiaries areincreasedbyW6,721million due to foreign exchange rate movements. |

| (*2) | The Group does not recognize deferred tax assets and liabilities related to global minimum tax laws by applying the temporary exception provision for deferred tax in IAS 12. |

<div align='center'>F- 300</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 45. | Income tax expense (continued) |

|                                                                                               |     | January 1, 2023 |            |   |     |            |            |   |     | Changes |            |   |     |            |            |   |     | December 31, 2023 |            |   |     |            |            |   |
|:----------------------------------------------------------------------------------------------|:----|:----------------|-----------:|:--|:----|:-----------|-----------:|:--|:----|: