Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 616

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 616
---
        | 13,979,805 |   |
| Subordinated debt securities issued   |     |        3.34~5.00 |     |        |  3,768,942 |   |     |                  | 3.34~5.75 |     |        |  4,995,972 |   |
| Gain on fair value hedges             |     |                — |     |        |   (240,483 | ) |     |                  | —         |     |        |   (250,628 | ) |
| Discount on debt securities issued    |     |                — |     |        |    (46,241 | ) |     |                  | —         |     |        |    (66,180 | ) |
|                                       |     |                  |     |        | 13,179,483 |   |     |                  |           |     |        | 18,658,969 |   |
|                                       |     |                  |     | W      | 81,561,725 |   |     |                  |           |     | W      | 93,765,854 |   |

| 26. | Defined benefit plans |

| (a) | Defined benefit plan assets and obligations |

The Group has operated a defined benefit plan and calculates defined benefit obligations based on the employee’s pension compensation benefits and service period.

Defined benefit obligations and plan assets as of December 31, 2023 and 2024 are as follows:

|                                                                  |     | 2023 |            |   |     | 2024 |            |   |
| Present value of defined benefit obligations                     |     |    W |  2,219,490 |   |     |      |  2,345,148 |   |
| Fair value of plan assets                                        |     |      | (2,266,248 | ) |     |      | (2,461,871 | ) |
| Recognized liability (asset) for defined benefit obligations (*) |     |    W |    (46,758 | ) |     |      |   (116,723 | ) |

| (*) | The asset for defined benefit obligation ofW46,758million as of December 31, 2023 is the net defined benefit assets ofW114,378million less the net defined benefit liabilities ofW67,620million. In addition, the asset for defined benefit obligation ofW116,723million as of December 31