Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 686

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 686
---
 loss  |     |      |      — |     |      |      — |     |      |    (21 | ) |
| Wave Technology                                        |     |         | Fees and commission        
 expense                    |     |      |      — |     |      |      — |     |      |   (300 | ) |
| Key management personnel and their immediate relatives |     |         |                            |     |      |        |     |      |        |     |      |        |   |
|                                                        |     |         | Interest income            |     |      |    205 |     |      |    242 |     |      |    133 |   |
|                                                        |     |         |                            |     |    W | 27,443 |     |      | 26,270 |     |      | 98,783 |   |

| (*7) | Douzon3 TECHFIN Co., Ltd. has changed its name to TECHFIN RATINGS Co., Ltd.. |

| (c) | Key management personnel compensation |

Key management personnel compensation for the years ended December 31, 2022, 2023 and 2024 are as follows:

|                                      |     | 2022 |        |     | 2023 |        |     | 2024 |        |
| Short-term employee benefits         |     |    W | 27,591 |     |      | 25,007 |     |      | 21,963 |
| Severance benefits                   |     |      |    817 |     |      |    809 |     |      |    824 |
| Share-based payment transactions (*) |     |      |  9,777 |     |      | 11,862 |     |      | 12,478 |
|                                      |     |    W | 38,185 |     |      | 37,678 |     |      | 35,265 |

| (*) | The expenses of share-based payment transactions are the renumeration expenses during the vesting period. |

<div align='center'>F-3 20</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 49. | Related parties (continued) |

|              |     |                                   |     | Amount of guarantees |         |     |