Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 313

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 313
---
 department and chief compliance officer at Shinhan Bank. Mr. Lee received a bachelor’s degree in law from Sogang University. Bang Dong-kwonhas been our chief risk officer since January 1, 2020. Mr. Bang previously served as the head of risk management department of Shinhan Bank. Mr. Bang received a bachelor’s degree in English language and literature from Sung Kyun Kwan University. Kim Jionhas been our executive director and chief audit officer since January 1, 2024. Ms. Kim previously served as the head of PRM marketing team at Shinhan Bank. Ms. Kim received a bachelor’s degree in economics from Yonsei University. Kim Junhwanhas been our executive director and head of digital part since January 1, 2024. Mr. Kim previously served as the head of digital innovation team at Shinhan Bank. Mr. Kim received a master’s degree in computer application design studies from Korea Advanced Institute of Science & Technology. There are no family relationships among our directors and/or executive officers.

| ITEM 6.B. | Compensation |

The aggregate remuneration and benefits-in-kindpaid by us to our chairman, our executive directors, our non-executivedirectors and our executive officers for the year ended December 31, 2024 was W5.3 billion, consisting of W3.2 billion in salaries and wages and W2.1 billion in bonus payments. We do not offer any service contracts to outside directors upon their retirement, but we may offer such service contracts to certain members of our senior management upon termination of their employment with us. We do not pay any severance payment to outside directors upon their retirement, but we pay fixed sums of severance payment to members of our senior management pursuant to our internal guidelines on severance payments. In 2024, we accrued W0.1 billion for retirement bonus. Prior to April 1, 2010, we granted stock options to our chairman, our president and chief executive officer and other directors and executive officers. Effective April 1, 2010, we ceased granting stock options. We did not record any accrued expense for stock options in 2024. 231

Since April 1, 2010, we have granted performance shares (“PS”) to certain high-ranking officers of select group companies. PS represents a stock-based long-term compensation system, wherein virtual shares backed by the Group’s common stock are granted. The total number of PS awarded is determined by assessing the performance of