SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of January 2005
SHINHAN FINANCIAL GROUP CO., LTD.
(Translation of registrant's name into English)
120, 2-Ga, Taepyung-Ro, Jung-Gu, Seoul 100-102, 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 X 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 X
----- -----
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_______.
LOANS TO SUBSIDIARIES
On January 25, 2005, we, Shinhan Financial Group, approved the extension of
a loan to our subsidiaries, Good Morning Shinhan Securities and Shinhan Capital.
We will fund this loan through the issuance of corporate bonds in the domestic
market. For more details, please refer to the following summary of the
transaction.
< SUMMARY OF THE TRANSACTION >
1. LOAN TO GOOD MORNING SHINHAN SECURITIES
(1) Name of the subsidiary (borrower): Good Morning Shinhan Securities
(2) Transaction amount of the loan: KRW 70,000,000,000
(3) Loan origination date: January 31, 2005
(4) Total loans to Good Morning Shinhan Securities
(as of January 31, 2005): KRW 70,000,000,000
(5) Maturity: 5.5 years
(6) Interest rate: 5.25%
(7) Date of approval: January 25, 2005
2. LOAN TO SHINHAN CAPITAL SHINHAN CAPITAL
(1) Name of the subsidiary (borrower): Shinhan Capital
(2) Transaction amount of the loan: KRW 30,000,000,000
(3) Loan origination date: January 31, 2005
(4) Total loans to Shinhan Card: KRW 649,100,000,000
(as of January 31, 2005)
(5) Maturity: 3 years
(6) Interest rate: Our domestic funding rate plus 20 basis points
(7) Date of approval: January 25, 2005
CAPITAL INVESTMENT OF SHINHAN BANK
Under the reporting and disclosure rules of the Korea Stock Exchange and
Financial Supervisory Service of Korea, Shinhan Bank should report its capital
investment in 3(rd) party companies when the aggregate total amount of
investment executed within the current fiscal year exceeds 2.5% of its total
shareholder's equity.
(When calculating the investment amount, the previously reported investment
amount should be excluded.). With the additional capital support for LG Card,
Shinhan Bank's aggregate total amount of investment exceeded 2.5% of its total
shareholder's equity on January 25, 2005.
The following is a summary of the Shinhan Bank's capital investment from
December 23, 2004 to January 25, 2005 that triggers SHB's disclosure
requirement.
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Accumulated
% Ownership
Acquisition Acquisition Price after the
Name of Company Business Scope date (KRW) acquisition
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 23-Dec-2004 4,369,777,410 1.68
-------------------------------------------------------------------------------------------------------------------------
Hanmaum Financial Work-out program for
Company consumer creditor 23-Dec-2004 1,427,000,000 0.18
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 24-Dec-2004 2,248,865,610 1.71
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 24-Dec-2004 635,635,000 0.03
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 27-Dec-2004 248,125,870 1.71
-------------------------------------------------------------------------------------------------------------------------
Samsung Corp. Trading and Construction 27-Dec-2004 1,264,263,000 0.10
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 28-Dec-2004 9,152,794,650 1.83
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 28-Dec-2004 1,246,495,250 0.16
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 29-Dec-2004 1,147,926,780 1.85
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 30-Dec-2004 647,096,450 0.19
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 30-Dec-2004 1,707,147,440 1.87
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 3-Jan-2005 1,132,932,800 1.88
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 4-Jan-2005 258,258,000 0.21
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 4-Jan-2005 197,064,860 1.89
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 5-Jan-2005 126,626,500 0.21
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 7-Jan-2005 682,496,810 1.90
-------------------------------------------------------------------------------------------------------------------------
Midas MK Private Equity Fund Investment in Film Industry 7-Jan-2005 750,000,000 14.71
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 10-Jan-2005 394,894,500 0.23
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 10-Jan-2005 1,062,816,750 1.91
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 11-Jan-2005 264,264,000 0.24
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 11-Jan-2005 526,931,400 1.92
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 12-Jan-2005 328,828,500 0.26
-------------------------------------------------------------------------------------------------------------------------
Korea Enterprise Data Corp Credit Information 12-Jan-2005 1,500,000,000 2.09
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 17-Jan-2005 6,334,125,290 0.55
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 17-Jan-2005 283,779,490 1.92
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 18-Jan-2005 4,557,693,140 0.76
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 19-Jan-2005 96,756,660 1.93
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 19-Jan-2005 6,476,213,740 1.05
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 20-Jan-2005 1,904,302,400 1.14
-------------------------------------------------------------------------------------------------------------------------
SK Corporation Oil Refinery 21-Jan-2005 1,069,380,310 1.94
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 21-Jan-2005 1,938,145,700 1.23
-------------------------------------------------------------------------------------------------------------------------
Samsung SDI Digital display and energy. 21-Jan-2005 1,118,417,300 0.02
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 24-Jan-2005 3,516,012,500 1.39
-------------------------------------------------------------------------------------------------------------------------
Samsung SDI Digital display and energy. 25-Jan-2005 1,126,125,000 0.04
-------------------------------------------------------------------------------------------------------------------------
Samsung Corporation Trading and Construction 25-Jan-2005 3,036,136,600 1.53
-------------------------------------------------------------------------------------------------------------------------
LG Card Credit Card 25-Jan-2005 25,299,994,400 -
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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.
By /s/ Byung Jae Cho
------------------------------------
Name: Byung Jae Cho
Title: Chief Financial Officer
Date : January 25, 2005