Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 582

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 582
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 |     |             |  (534 | ) |
| Shinhan-Quantum Startup Fund                                                  |     |       |   8,105 |     |           |       — |     |           |     40 |     |                  |  (270 | ) |     |             | — |     |             |  (270 | ) |
| Shinhan Simone Fund I                                                         |     |       |  12,582 |     |           |       4 |     |           |    311 |     |                  |   107 |   |     |             | — |     |             |   107 |   |
| Korea Investment develop seed Trust No.1                                      |     |       |  24,168 |     |           |     338 |     |           |    582 |     |                  |   478 |   |     |             | — |     |             |   478 |   |
| Tiger Green alpha Trust No.29                                                 |     |       |  30,054 |     |           |      51 |     |           |  2,634 |     |                  | 2,473 |   |     |             | — |     |             | 2,473 |   |
| STIC ALT Global II Private Equity Fund                                        |     |       |  43,848 |     |           |     130 |     |           |      5 |     |                  |  (630 | ) |     |             | — |     |             |  (630 | ) |

<div align='center'>F-19 7</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) |

|                                                                            |     |  2023 |         |     |           |        |     |           |        |     |                  |        |   |     |             |   |     |             |        |   |
| Investees                                                                  |     | Asset |         |     | Liability |        |     | Operating 
 revenue   |        |     | Net profit(loss) |        |   |     | Other       
 comprehen-  
 sive income 
 (loss)      |   |     | Total       
 comprehen-  
 sive income 
 (loss)