Shinhan Financial (SHG) nudges Jeju Bank ownership to 64.04% via related parties

Rhea-AI Filing Summary

Shinhan Financial Group reported a small change in its ownership of Jeju Bank driven by the addition of related parties. Its combined shareholding rose from 24,196,024 shares, representing 64.01%, to 24,207,024 shares, representing 64.04%.

The related parties added are registered executives of subsidiaries. The filing also recalls that on April 18, 2025, Shinhan’s ownership ratio in Jeju Bank declined from 75.31% to 64.01% after Jeju Bank completed a paid-in capital increase through third-party allotment, which diluted Shinhan without requiring a separate large-shareholding change report.

Key Figures

Jeju Bank shares before change: 24,196,024 shares Jeju Bank shares after change: 24,207,024 shares Ownership ratio before April 18, 2025 dilution: 75.31% +1 more

4 metrics

Jeju Bank shares before change 24,196,024 shares Shinhan Financial Group holding before related parties added; 64.01%

Jeju Bank shares after change 24,207,024 shares Shinhan Financial Group holding after related parties added; 64.04%

Ownership ratio before April 18, 2025 dilution 75.31% Shinhan Financial Group ownership in Jeju Bank before paid-in capital increase

Ownership ratio after April 18, 2025 dilution 64.01% Shinhan Financial Group ownership in Jeju Bank after third-party allotment

Key Terms

related parties, Registered Executives of Subsidiaries, paid-in capital increase, third-party allotment, +1 more

5 terms

related parties financial

"due to the addition of related parties (Note1), its shareholding in Jeju Bank increased"

Related parties are people or organizations that have close ties to a company—such as owners, executives, family members, or other companies under common control—that can do business with it in ways a stranger would not. Investors care because deals between related parties can favor insiders, hide true costs or benefits, or mask risks; like a family agreeing on a price for a used car, these transactions may not reflect what an independent buyer would pay and can affect a company’s honesty about its finances.

Registered Executives of Subsidiaries financial

"Note1) Registered Executives of Subsidiaries"

paid-in capital increase financial

"following Jeju Bank’s paid-in capital increase through third-party allotment"

third-party allotment financial

"Jeju Bank’s paid-in capital increase through third-party allotment"

foreign private issuer regulatory

"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

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Accepted by SEC EDGAR 03/31/2026 - 06:01 AM Learn about SEC filing dates

FAQ

What change did Shinhan Financial Group (SHG) report in its Jeju Bank shareholding?

Shinhan Financial Group reported a minor increase in its Jeju Bank stake, from 24,196,024 shares (64.01%) to 24,207,024 shares (64.04%). The change results from adding related parties, specifically registered executives of subsidiaries, to the combined shareholding calculation.

Why did Shinhan Financial Group’s Jeju Bank ownership percentage increase to 64.04%?

The ownership percentage rose to 64.04% because Shinhan Financial Group added related parties, defined as registered executives of subsidiaries, to its Jeju Bank shareholding. This adjustment slightly increased the total number of shares counted as owned, without indicating a major new share purchase.

How many Jeju Bank shares does Shinhan Financial Group (SHG) now hold?

Shinhan Financial Group now reports holding 24,207,024 Jeju Bank shares, representing 64.04% of Jeju Bank. This is a small increase from 24,196,024 shares, or 64.01%, reflecting the inclusion of additional related parties in the ownership tally.

What happened to Shinhan Financial Group’s Jeju Bank stake in April 2025?

On April 18, 2025, Shinhan Financial Group’s Jeju Bank ownership ratio fell from 75.31% to 64.01%. This resulted from Jeju Bank’s paid-in capital increase through third-party allotment, which expanded total issued shares and diluted Shinhan’s percentage without requiring a separate large-shareholding change report.

Who are the related parties affecting Shinhan Financial Group’s Jeju Bank holdings?

The related parties are registered executives of Shinhan Financial Group’s subsidiaries. Including their Jeju Bank shares in the calculation raised the group’s combined holdings slightly, from 24,196,024 to 24,207,024 shares, and nudged the ownership ratio from 64.01% to 64.04%.

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 March 2026

Commission File Number: 001-31798

———————————

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 

Change in Shareholding of Jeju Bank

On March 31, 2026, Shinhan Financial Group Co., Ltd. disclosed that, due to the addition of related parties (Note1), its shareholding in Jeju Bank increased from 24,196,024 shares, representing 64.01%(Note2) to 24,207,024 shares, representing 64.04%.

Note1) Registered Executives of Subsidiaries

Note2) On April 18, 2025, Shinhan Financial Group’s ownership ratio in Jeju Bank decreased from 75.31% to 64.01% following Jeju Bank’s paid-in capital increase through third-party allotment. This change was solely attributable to the increase in the total number of issued shares, and therefore no separate report on changes in large shareholding was filed.

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.
				(Registrant)
Date: March 31, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer