Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 597

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 597
---
 |            |  46,372 |   |     |              | —  |   |     |        |      — |     |          | 46,372 |
| Kiwoom-Shinhan Innovation Fund I                                                      |     |            |  15,707 |   |     |           | 50.00 |     |            |   7,854 |   |     |              | —  |   |     |        |      — |     |          |  7,854 |
| Midas Asset Global CRE Debt Private Fund No.6                                         |     |            | 136,849 |   |     |           | 40.10 |     |            |  54,881 |   |     |              | —  |   |     |        |      — |     |          | 54,881 |
| Samchully Midstream Private Placement Special Asset Fund 5-4                          |     |            |  77,267 |   |     |           | 42.92 |     |            |  33,163 |   |     |              | —  |   |     |        |      — |     |          | 33,163 |
| SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 |     |            |  36,272 |   |     |           | 20.00 |     |            |   7,254 |   |     |              | —  |   |     |        |      — |     |          |  7,254 |
| NH-Amundi Global Infrastructure Trust 14                                              |     |            |  62,428 |   |     |           | 30.00 |     |            |  18,728 |   |     |              | —  |   |     |        |      — |     |          | 18,728 |

F-2 12

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 |         |   |     |           |       |     |            |         |   |     |              |   |     |        |        |   |     |          |         |
| Invest