About Shinhan Financial Group
Shinhan Financial Group (SFG) is a leading financial holding company incorporated in Korea. SFG has a well-diversified business portfolio, with key business segments including Shinhan Bank, Shinhan Card, Shinhan Investment Corp., Shinhan Life Insurance, Shinhan Capital and Shinhan BNP Paribas Asset Management.
SFG is listed in both the Korea Exchange and New York Stock Exchange under the stock code 055550.KRX and SHG.NYSE respectively, with a market capitalization of approximately KRW25.3 trillion (c.US$23.6 billion) as of [January 30, 2018]. SFG has a diversified shareholding ownership with no single shareholders owning more than 10% of the company. Key shareholders of SFG include National Pension Service of Korea (9.55%), SFG ESOP (4.72%), BNP Paribas (3.79%), The Government of Singapore (2.41%) and BlackRock Fund Advisors (1.99%).
SFG is well-recognized globally and ranked 44th in the Top 500 Banking Brands by The Banker in 2016. In addition, SFG has strived to become Korea’s leading world-class financial group with a global network of 213 branches in 20 countries and with a strong focus on Indonesia financial market through multiple subsidiaries. Shinhan Bank has a subsidiary Bank Shinhan Indonesia (BSI) in Indonesia, established through the acquisition Bank Metro Express which subsequently merged with Centratama Nasional Bank (“CNB”) in 2016. BSI currently operates 60 outlets, including 22 branches and 37 sub-branches. In addition, Shinhan Investment has a subsidiary PT Shinhan Sekuritas Indonesia in Indonesia.
About Shinhan Card
Shinhan Card was founded in 1987 and is a wholly-owned subsidiary of SFG. It offers a full range of financial products and services through Shinhan Bank’s 900 branches as well as its own 25 branches nationwide. Shinhan Card’s main businesses include credit purchase, purchase with instalment, cash advance, card loan and instalment/lease finance of automobiles. Shinhan Card has also implemented key initiatives in big data, mobile and online payment gateway business, and has overseas branches in Indonesia, Kazakhstan, Vietnam and Myanmar.
Shinhan Card is the dominant number 1 credit card business in Korea after the merger with LG Card in 2007. Shinhan Card has 25 million accounts in-force which cover approximately 89% of the working age population in Korea.
Shinhan Card enjoys strong credit rating among rating agencies [AA+ (Local), A2 (Moody’s), A- (S&P), A- (Fitch)].
Shinhan Card has continued to innovate in marketing and product development through the years with successful initiatives such as customized marketing system, Shinhan Pay FAN (mobile payment platform). Its leading position is recognized by multiple industry awards.