Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 593

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 593
---
 |  12,139 |     |           |     — |     |           |     239 |   |     |                  |     112 |   |     |             | — |     |             |     112 |   |
| Penture K-Content Investment Fund                                      |     |       |  57,553 |     |           |   337 |     |           |     505 |   |     |                  |  (1,532 | ) |     |             | — |     |             |  (1,532 | ) |
| 2023 Shinhan-JB Woori-Daeshin Listed Companies New Technology Fund     |     |       |  45,013 |     |           |   119 |     |           |      43 |   |     |                  |  (3,047 | ) |     |             | — |     |             |  (3,047 | ) |
| Hana Alternative Investment Kosmes PCBO General PEF No. 1              |     |       |  13,852 |     |           |    15 |     |           |   1,524 |   |     |                  |   1,469 |   |     |             | — |     |             |   1,469 |   |

<div align='center'>F-20 8</div>

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) |

|                                                                                       |     |  2024 |         |     |           |         |     |           |        |   |     |                  |        |   |     |             |   |     |             |        |   |
| Investees                                                                             |     | Asset |         |     | Liability |         |     | Operating 
 revenue   |        |   |     | Net profit(loss) |        |   |     | Other       
 comprehen-  
 sive income 
 (loss)      |   |     | Total       
 comprehen-  
 sive income 
 (loss)      |        |   |
| Shinhan-timefolio Bio Development Investment Fund                                     |     |     W |  24,659 |     |           |     464 |     |           |     32