Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 618

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 618
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,758 | ) |

<div align='center'>F-23 7</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 26. | Defined benefit plans (continued) |

|                                                   |     |            2024 |           |   |     |             |            |   |     |                      |          |   |
|                                                   |     | Defined benefit 
      obligation |           |   |     | Plan assets |            |   |     | Net defined          
 benefit              
 liabilities (assets) |          |   |
| Beginning balance                                 |     |               W | 2,219,490 |   |     |             | (2,266,248 | ) |     |                      |  (46,758 | ) |
| Included in profit or loss (*):                   |     |                 |           |   |     |             |            |   |     |                      |          |   |
| Current service cost                              |     |                 |   164,062 |   |     |             |          — |   |     |                      |  164,062 |   |
| Past service cost                                 |     |                 |   (18,613 | ) |     |             |          — |   |     |                      |  (18,613 | ) |
| Net interest expense (income)                     |     |                 |   107,274 |   |     |             |   (122,178 | ) |     |                      |  (14,904 | ) |
| Settlement loss (gain)                            |     |                 |    (1,990 | ) |     |             |         18 |   |     |                      |   (1,972 | ) |
|                                                   |     |                 |   250,733 |   |     |             |   (122,160 | ) |     |                      |  128,573 |   |
| Included in other comprehensive income:           |     |                 |           |   |     |             |            |   |     |                      |          |   |
| Remeasurement loss                                |     |                 |           |   |     |             |            |   |     |                      |          |   |
| - Actuarial losses (gains) arising from           |     |                 |           |