Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 576

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 576
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eder Investment Trust(H)[Equity] |     |           |         — |     |            |   4,124 |   |     |        |      73 |   |     |                          |     — |     |            | —       |   |     |         |     4,197 |
| Others                                                                  |     |           |   210,518 |     |            |  (9,778 | ) |     |        | (17,080 | ) |     |                          |     — |     |            | —       |   |     |         |   183,660 |
|                                                                         |     |         W | 2,692,031 |     |            | 118,786 |   |     |        | (23,822 | ) |     |                          | 9,063 |     |            | (43,078 | ) |     |         | 2,752,980 |

| (*) | An impairment loss has been recognized due to accumulated unrealized losses since its initial acquisition. |

F-1 91

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)      |        |   |
| BNP Paribas Cardif Life Insurance                                              |     |     W | 2,937,652 |     |           | 2,675,629 |     |           | 49,330 |     |                  | (17,674 | ) |     |             | 54,555 |     |             | 36,881 |   |
| Shinhan-Neoplux Energy Newbiz Fund                                             |     |       |    72,503 |     |           |     1,883 |