# EDGAR Filing Document

**Accession Number:** 0001263043
**File Stem:** 0001564590-23-001577
**Filing Date:** 2023-2
**Character Count:** 12618
**Document Hash:** 2dcd16a860978c03f2396447eab533fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001564590-23-001577.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001564590-23-001577

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230208

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SHINHAN FINANCIAL GROUP CO LTD
- **CENTRAL INDEX KEY:** 0001263043
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31798
- **FILM NUMBER:** 23597019

**BUSINESS ADDRESS:**
- **STREET 1:** 120 2-GA TAEPYUNG RO JUNG GU
- **CITY:** SEOUL100-102
- **STATE:** M5
- **ZIP:** 00000
- **BUSINESS PHONE:** 82263603000

**MAIL ADDRESS:**
- **STREET 1:** 120 2-GA TAEPYUNG RO JUNG GU
- **STREET 2:** SEOUL 100-102
- **CITY:** SEOUL
- **STATE:** M5
- **ZIP:** 00000

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, DC 20549

#### FORM 6-K

#### REPORT OF FOREIGN PRIVATE ISSUER

#### Pursuant to Rule 13a-16 or 15d-16

#### Under the Securities Exchange Act of 1934

#### For the Month of February 2023

#### SHINHAN FINANCIAL GROUP CO., LTD.

#### (Translation of registrant's name into English)

#### 20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea (Address of principal executive offices)
Indicate by check mark whether the registrant files or will

file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F √ Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in

paper as permitted by Regulation S-T Rule 101(b)(1): _______

Indicate by check mark if the registrant is submitting the Form 6-K in

paper as permitted by Regulation S-T Rule 101(b)(7): _______

Indicate by check mark whether the registrant by furnishing the

information contained in this form is also thereby furnishing the

information to the Commission pursuant to Rule 12g3-2(b) under the

Securities Exchange Act of 1934.

Yes No___√___

If "Yes" is marked, indicate below the file number assigned to the

registrant in connection with Rule 12g3-2(b): 82- <u>n/a</u> .

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Please refer to Exhibit 99.1, 99.2 and 99.3.

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | Shinhan Financial Group Co., Ltd. | Shinhan Financial Group Co., Ltd. |
|  | (Registrant) | (Registrant) |
| &nbsp;&nbsp;&nbsp;&nbsp;Date: February 8, 2023 | By: | /s/ Lee Tae-Kyung |
|  | Name: Lee TaeKyung | Name: Lee TaeKyung |
|  | Title: Chief Financial Officer | Title: Chief Financial Officer |

---

## Exhibit 99.1

#### Exhibit 99.1 Shinhan Financial Group FY 2022 Operating Results
On February 8, 2023, Shinhan Financial Group released its operating results for the fiscal year 2022. The following tables reflect the key figures we announced through a fair disclosure. The full IR presentation materials are available at our website (www.shinhangroup.com).

The financial information in this report has been prepared in accordance with Korean International Financial Reporting Standards and is to be audited by our independent auditor. As figures provided have not yet been fully audited by our independent auditor, contents are subject to change in the due course of the auditing process.

1. Operating Results of Shinhan Financial Group (consolidated)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;(KRW million) | &nbsp;&nbsp;&nbsp;&nbsp;(KRW million) |
| **Item** | **Item** | **4Q 2022** | **3Q 2022** | **QoQ Change (%)** | **4Q 2021** | **YoY Change (%)** |
| Revenue\* | Specified Quarter | 4918849 | 24340033 | -79.79 | 8933927 | -44.94 |
| Revenue\* | Cumulative | 61888317 | 56969468 | - | 45730013 | 35.33 |
| Operating Income | Specified Quarter | 550028 | 1682899 | -67.32 | 972323 | -43.43 |
| Operating Income | Cumulative | 5888079 | 5338051 | - | 5952096 | -1.08 |
| Income before Income Taxes | Specified Quarter | 439878 | 2165747 | -79.69 | 664884 | -33.84 |
| Income before Income Taxes | Cumulative | 6349251 | 5909373 | - | 5583664 | 13.71 |
| Net Income | Specified Quarter | 353840 | 1617809 | -78.13 | 474945 | -25.50 |
| Net Income | Cumulative | 4732163 | 4378323 | - | 4112628 | 15.06 |
| Net Income Attributable to Controlling Interest | Specified Quarter | 326920 | 1594559 | -79.50 | 459810 | -28.90 |
| Net Income Attributable to Controlling Interest | Cumulative | 4642292 | 4315372 | - | 4019254 | 15.50 |

---

\* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

------

2. Operating Results of Shinhan Bank (consolidated)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | (KRW million) | (KRW million) |
| **Item** | **Item** | **4Q 2022** | **3Q 2022** | **QoQ Change (%)** | **4Q 2021** | **YoY Change (%)** |
| Revenue\* | Specified Quarter | 216302 | 16293294 | -98.67 | 3979395 | -94.56 |
| Revenue\* | Cumulative | 35514461 | 35298159 | - | 23540347 | 50.87 |
| Operating Income | Specified Quarter | 652829 | 1235953 | -47.18 | 698786 | -6.58 |
| Operating Income | Cumulative | 4162750 | 3509921 | - | 3586717 | 16.06 |
| Income before Income Taxes | Specified Quarter | 595832 | 1235404 | -51.77 | 496890 | 19.91 |
| Income before Income Taxes | Cumulative | 4107626 | 3511794 | - | 3347896 | 22.69 |
| Net Income | Specified Quarter | 452690 | 909610 | -50.23 | 364349 | 24.25 |
| Net Income | Cumulative | 3045732 | 2593042 | - | 2494894 | 22.08 |
| Net Income Attributable to Controlling Interest | Specified Quarter | 452530 | 909438 | -50.24 | 364226 | 24.24 |
| Net Income Attributable to Controlling Interest | Cumulative | 3045013 | 2592483 | - | 2494375 | 22.08 |

---

\* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

------

3. Operating Results of Shinhan Card (consolidated)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | (KRW million) | (KRW million) | (KRW million) |
| **Item** | **Item** | **4Q 2022** | **3Q 2022** | **QoQ Change (%)** | **4Q 2021** | **YoY Change (%)** |
| Revenue\* | Specified Quarter | 755435 | 1532493 | -50.71 | 1062167 | -28.88 |
| Revenue\* | Cumulative | 4761181 | 4005746 | - | 4359627 | 9.21 |
| Operating Income | Specified Quarter | 76696 | 196446 | -60.96 | 180242 | -57.45 |
| Operating Income | Cumulative | 765041 | 688345 | - | 903490 | -15.32 |
| Income before Income Taxes | Specified Quarter | 75438 | 206145 | -63.41 | 179501 | -57.97 |
| Income before Income Taxes | Cumulative | 836731 | 761293 | - | 906886 | -7.74 |
| Net Income | Specified Quarter | 55233 | 175795 | -68.58 | 136714 | -59.60 |
| Net Income | Cumulative | 644555 | 589322 | - | 676297 | -4.69 |
| Net Income Attributable to Controlling Interest | Specified Quarter | 53707 | 174955 | -69.30 | 136263 | -60.59 |
| Net Income Attributable to Controlling Interest | Cumulative | 641368 | 587661 | - | 674997 | -4.98 |

---

\* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

------

4. Operating Results of Shinhan Life (consolidated)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | (KRW million) | (KRW million) | (KRW million) |
| **Item** | **Item** | **4Q 2022** | **3Q 2022** | **QoQ Change (%)** | **4Q 2021** | **YoY Change (%)** |
| Revenue\* | Specified Quarter | 2257845 | 2525233 | -10.59 | 2156196 | 4.71 |
| Revenue\* | Cumulative | 9412664 | 7154819 | - | 7079569 | 32.96 |
| Operating Income | Specified Quarter | 114405 | 114180 | 0.20 | -3008 | 3903.36 |
| Operating Income | Cumulative | 615799 | 501394 | - | 267692 | 130.04 |
| Income before Income Taxes | Specified Quarter | 102873 | 119004 | -13.56 | -10617 | 1068.95 |
| Income before Income Taxes | Cumulative | 598236 | 495363 | - | 239188 | 150.11 |
| Net Income | Specified Quarter | 94026 | 92042 | 2.16 | -10243 | 1017.95 |
| Net Income | Cumulative | 463593 | 369567 | - | 174811 | 165.20 |
| Net Income Attributable to Controlling Interest | Specified Quarter | 94026 | 92042 | 2.16 | -10243 | 1017.95 |
| Net Income Attributable to Controlling Interest | Cumulative | 463593 | 369567 | - | 174811 | 165.20 |

---

\* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

\* The accumulative figures of the previous year did not include net income of Orange Life, a corporation that was dissolved due to the merger on July 1, 2021. Orange Life recorded net income of 216.8 billion won in the first half of 2021 before the merger and the accumulative net income of Shinhan Life and Orange Life for the first half of 2021 were 391.6 billion won.

## Exhibit 99.2

#### Exhibit 99.2 Shinhan Bank, Shinhan Card and Shinhan Life resolved to pay cash dividends to Shinhan Financial Group
On February 7, 2023, the Board of Directors of Shinhan Bank, a wholly-owned bank subsidiary of Shinhan Financial Group (hereafter "SFG"), resolved to pay cash dividends of KRW 1,157,104,884,113 or KRW 729.75 per common share for the fiscal year of 2022, subject to the shareholders' approval.

On February 7, 2023, the Board of Directors of Shinhan Card, a wholly-owned card subsidiary of SFG, resolved to pay cash dividends of KRW 256,631,167,941 or KRW 2,047 per common share for the fiscal year of 2022, subject to the shareholders' approval.

On February 7, 2023, the Board of Directors of Shinhan Life, a wholly-owned card subsidiary of SFG, resolved to pay cash dividends of KRW 162,257,420,679 or KRW 1402.95 per common share for the fiscal year of 2022, subject to the shareholders' approval.

Since SFG wholly owns Shinhan Bank, Shinhan Card and Shinhan Life, SFG will be receiving the total dividend amounts.

## Exhibit 99.3

#### Exhibit 99.3

#### Shinhan Financial Group resolved to pay cash dividends
On February 8, 2023, the Board of Directors of Shinhan Financial Group made a resolution to pay quarterly cash dividends.

Total dividend amount to be paid: KRW 455,215,347,205 (KRW 865 per share) \*

The total number of shares subject to dividend is 526,260,517 shares, including class shares

(508,778,517 common shares, 17,482,000 convertible preferred shares)

Record date: December 31, 2022

\*The annual dividend is KRW 1,092.8billion (KRW 2,065 per share) including quarterly dividends for the 1<sup>st,</sup> 2<sup>nd</sup>, and 3<sup>rd</sup> quarters

The dividend payment must be approved by the Annual General Meeting of Shareholders (hereafter "AGM") and the details may change subject to results of the audit and the AGM. In accordance with the Korean Commercial Code, the payment for dividends is expected to be made within one month following shareholder approval at the AGM of Shinhan Financial Group.

#### Shinhan Financial Group - Capital Policy
We, Shinhan Financial Group, have disclosed our mid- to long-term capital policy in September 2020. Despite the prolonged pandemic, we have been striving to diversify the method and timing of shareholder returns, including the commencement of quarterly dividend payouts, share buybacks and cancellations to enhance shareholder value.

We have further clarified our shareholder return policy while establishing our mid-term financial goals as follows:

Our mid-term financial goals

- ROE(Return On Equity) of 10.5%;

- ROTCE(Return on Tangible Common Equity) of 12.0%; and,

- CET1(Common Equity Tier-1 Ratio) of 12.0%

\* Our mid-term financial goals were set in consideration of maintaining adequate loss absorption capacity and securing additional growth potential.

The direction of our shareholder return policy

- maintain or increase a dividend per share;

- pay regular quarterly dividends while implementing share buybacks and cancellations; and,

- strive to increase the total shareholder return ratio.

\* Notwithstanding the above, our capital policy may be modified due to other factors including, but not limited to unresolved economic uncertainties, stress test and regulation changes, and strategic business decisions such as new business expansions.

We will continue to make efforts towards improving shareholder value while establishing a more predictable capital policy. If a change to this policy is warranted, we will make efforts to disclose and communicate the relevant information with our investors.