Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 545

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 545
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 Ltd., etc. |

| (*) | Aside from the insurance mentioned above, the Group has entered into car insurance, medical insurance, property insurance, and employee accident insurance. |

F-15 8

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 |

|                  |     | 2023 |           |     | 2024 |           |
| Goodwill         |     |    W | 4,677,204 |     |      | 4,665,417 |
| Software         |     |      |   259,233 |     |      |   235,229 |
| Development cost |     |      |   464,638 |     |      |   677,572 |
| Others           |     |      |   816,871 |     |      |   541,915 |
|                  |     |    W | 6,217,946 |     |      | 6,120,133 |

|                                                      |     |     2023 |           |   |     |          |         |   |     |             |          |   |     |        |          |   |     |       |           |   |
|                                                      |     | Goodwill |           |   |     | Software |         |   |     | Development 
 cost        |          |   |     | Others |          |   |     | Total |           |   |
| Beginning balance                                    |     |        W | 4,683,902 |   |     |          | 263,341 |   |     |             |  454,284 |   |     |        |  406,309 |   |     |       | 5,807,836 |   |
| Acquisition                                          |     |          |         — |   |     |          |  90,051 |   |     |             |  133,709 |   |     |        |  605,225 |   |     |       |   828,985 |   |
| Disposal and write-off                               |     |          |         — |   |     |          |  (3,901 | ) |     |             |   (3,560 | ) |     |        |   (6,793 | )