Shinhan Financial Schedules KRW 500 B Share Retirement After Buyback

Rhea-AI Filing Summary

Shinhan Financial Group (SHG) filed an amended Form 6-K to correct key figures in its 6 February 2025 share-cancellation notice. Following completion of its treasury-stock repurchase program on 23 June 2025, the Group now plans to retire 10,347,131 common shares.

• Estimated book-value amount: KRW 499,999,982,000.
• Scheduled retirement date: 26 June 2025 (subject to potential adjustment).

The retirement is executed under Article 343-1 of the Korea Commercial Act, meaning it utilises distributable profits and does not reduce paid-in capital. Earlier, 7,603,260 shares were cancelled on 29 April 2025; consequently, total issued shares stood at 495,842,065 as of 23 June 2025. All other details from the original announcement remain unchanged.

Positive

• KRW 500 B share cancellation retires 10.3 M shares, representing a material reduction in outstanding equity.
• No reduction in paid-in capital preserves regulatory capital ratios while still returning value to shareholders.
• Clear legal and scheduling disclosure reduces uncertainty and demonstrates strong governance.

Negative

• None.

Insights

Equity Analyst

TL;DR: SHG corrects filing; will retire 10.3 M shares (~KRW 500 B) on 26 Jun 2025, trimming share count without capital reduction.

The amendment confirms the scale and timing of Shinhan’s latest buyback phase. A KRW 500 B retirement equates to roughly 2 % of the 495.8 M shares outstanding, signalling meaningful capital return while preserving regulatory capital as paid-in amounts stay intact. The clarification removes uncertainty around the programme’s end-point and offers greater visibility on post-cancellation share count, factors typically viewed favourably by equity investors.

Corporate Governance Specialist

TL;DR: Filing rectifies data; confirms lawful treasury-share cancellation under Art. 343-1—no dilution risk, improves capital efficiency.

Affirming that the shares are cancelled within profit limits and without reducing paid-in capital aligns with Korean corporate-law best practices. Accurate disclosure of dates, volumes and legal basis enhances transparency and shareholder protection, supporting governance quality. The update also closes information gaps from the February notice, reducing compliance and disclosure risk.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

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FORM 6-K/A

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of June 2025

Commission File Number: 001-31798

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SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant's name into English)

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20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)

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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 

Explanatory Note

This Form 6-K/A amends “Announcement on Cancellation of Shares” furnished on Form 6-K by Shinhan Financial Group (hereafter “SFG”) on February 6, 2025.

The amendment is to correct ‘1. Class and Number of Shares to be Cancelled’, ‘4. Estimated Amount to be Cancelled’, and ‘7. Scheduled Date of Cancellation’ as SFG completed its share repurchase program on June 23, 2025. All other information in the announcement dated February 6, 2025 remain unchanged.

1. Class and Number of Shares to be Cancelled		Common shares		10,347,131
4. Estimated Amount to be Cancelled				KRW 499,999,982,000
7. Scheduled Date of Cancellation				June 26, 2025

* The above "4. Estimated amount of retirement(KRW)" is the current book value basis. For detailed information on the acquisition of treasury stocks, please refer to the result report of Trust Contract for Acquisition of Treasury Stock.

** The above "7. Scheduled retirement date" may change depending on discussions with related institutions.

*** Legal basis for the cancellation of treasury shares: Article 343-1 of the Korea Commercial Act. The cancellation of these shares constitutes the cancellation of treasury shares acquired pursuant to a resolution of the board of directors within the limits of profits available for the payment of dividends, and as such, there will be no reduction in the paid-in capital of Shinhan Financial Group.

**** "Total number of shares issued(Common stock)" based on the date of the share cancellation resolution (February 6, 2025) is 503,445,325, and 7,603,260 shares were cancelled on April 29, 2025. Accordingly, as of the date of this amended disclosure (June 23, 2025), the total number of issued shares of the Company is 495,842,065.

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: June 23, 2025				By:		/s/ CHUN Sang Yung
				Name: CHUN Sang Yung
				Title: Chief Financial Officer

FAQ

How many Shinhan Financial Group (SHG) shares will be cancelled?

A total of 10,347,131 common shares are slated for cancellation.

What is the monetary value of the SHG share cancellation?

The book-value amount is KRW 499,999,982,000 (approximately KRW 500 B).

When is the scheduled date for SHG’s share retirement?

The company plans to cancel the shares on 26 June 2025, subject to coordination with related institutions.

Will the share cancellation reduce Shinhan Financial’s paid-in capital?

No. Under Article 343-1, the cancellation uses distributable profits, so paid-in capital remains unchanged.

What is SHG’s total issued share count after previous cancellations?

After cancelling 7,603,260 shares on 29 April 2025, issued shares total 495,842,065 as of 23 June 2025.