Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 617

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 617
---
, 2024 is the net defined benefit assets ofW155,697million less the net defined benefit liabilities ofW38,974million. |

<div align='center'>F-2 3 6</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 26. | Defined benefit plans (continued) |

|                                                   |     |            2023 |           |   |     |             |            |   |     |                      |          |   |
|                                                   |     | Defined benefit 
      obligation |           |   |     | Plan assets |            |   |     | Net defined          
 benefit              
 liabilities (assets) |          |   |
| Beginning balance                                 |     |               W | 1,934,643 |   |     |             | (2,376,817 | ) |     |                      | (442,174 | ) |
| Included in profit or loss (*):                   |     |                 |           |   |     |             |            |   |     |                      |          |   |
| Current service cost                              |     |                 |   143,259 |   |     |             |          — |   |     |                      |  143,259 |   |
| Past service cost                                 |     |                 |        92 |   |     |             |          — |   |     |                      |       92 |   |
| Net interest expense (income)                     |     |                 |   104,546 |   |     |             |   (138,254 | ) |     |                      |  (33,708 | ) |
| Settlement loss (gain)                            |     |                 |     7,633 |   |     |             |          5 |   |     |                      |    7,638 |   |
|                                                   |     |                 |   255,530 |   |     |             |   (138,249 | ) |     |                      |  117,281 |   |
| Included in other comprehensive income:           |     |                 |           |   |     |             |            |   |     |                      |          |   |
| Remeasurement loss                                |     |                 |           |   |     |             |            |   |     |                      |          |