Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 620

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 620
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 | ) |

|                                            |     |                       2024 |          |   |     |          |          |   |
|                                            |     | Defined benefit obligation |          |   |     |          |          |   |
|                                            |     |                   Increase |          |   |     | Decrease |          |   |
| Discount rate (1%p movement)               |     |                          W | (180,402 | ) |     |          |  204,053 |   |
| Future salary increase rate (1%p movement) |     |                            |  211,736 |   |     |          | (190,347 | ) |

| (f) | The Group’s estimated contribution isW176,412million as of December 31, 2025. |

| 27. | Provisions |

|                                          |     | 2023 |           |     | 2024 |           |
| Asset retirement obligations             |     |    W |    99,927 |     |      |    99,306 |
| Expected loss related to litigation      |     |      |    31,371 |     |      |   114,750 |
| Unused credit commitments                |     |      |   355,591 |     |      |   411,275 |
| Guarantee contracts issued               |     |      |    63,161 |     |      |   104,451 |
| Financial guarantee contracts issued     |     |      |    39,998 |     |      |    87,088 |
| Non-financial guarantee contracts issued |     |      |    23,163 |     |      |    17,363 |
| Others (*1), (*2), (*3)                  |     |      |   819,616 |     |      |   579,114 |
|                                          |     |    W | 1,369,666 |     |      | 1,308,896 |

| (*1) | As of December 31, 2023 and 2024, the Group recognizes a provision ofW360,137million andW317,857million, respectively, an estimated amount which is highly probable to be paid for customer losses expected due to delays in redemption of Lime CI funds, etc. |

<div align='center'>F-23 9</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolid