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 February 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
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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
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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 February 21, 2005, Shinhan Financial Group approved the extension of a
loan to our subsidiary, Shinhan Card. We will fund this loan through the
issuance of commercial papers in the domestic market. For more details, please
refer to the following summary of the transaction.
< SUMMARY OF THE TRANSACTION >
(1) Name of the subsidiary (borrower): Shinhan Card
(2) Transaction amount of the loan: KRW 100,000,000,000
(3) Loan origination date: February 21, 2005
(4) Total loans to Shinhan Card
(as of February 21, 2005): KRW 1,100,000,000,000
(5) Maturity: 7 days
(6) Interest rate: CP issue rate + 20bp
(7) Date of approval: February 21, 2005
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 : February 21, 2005