UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 6-K
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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 July 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
Shinhan Financial Group’s Board made a resolution to issue
KRW-denominated Write-down Contingent Capital Securities
On July 25, 2025, the board of directors of Shinhan Financial Group made a resolution to issue KRW-denominated Write-down Contingent Capital Securities.
1. Purpose of issuance: To maintain capital requirements under the Basel III
2. Details of issuance:
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Type of Securities |
Write-down Contingent Capital Securities (Basel 3 Compliant Additional Tier1 Capital) |
Total Amount of Issuance |
KRW 270 billion |
Maturity of Securities |
Perpetual Securities |
Call Provision |
Call options to redeem at every interest (dividend) payment date (3 months) after 5 years but no later than 10 years from the issuance date by the issuer. |
Point of Non-Viability
Trigger Event |
Under Article 2 of the Act on the Structural Improvement of the Financial Industry, the total amount of the contingent capital securities (including interests or dividends) will be written off without any prior consent or approval from related parties if the issuing company is designated as an insolvent financial institution. |
* The details of issuance and interest rate will be delegated to the Chief Executive Officer.
* Depending on the results of the demand forecast, the Total Amount of Issuance could be changed within the total limit of KRW 400 billion resolved by the board of directors.
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.
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Shinhan Financial Group Co., Ltd. |
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(Registrant) |
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Date: July 25, 2025 |
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By: |
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/s/ CHUN Sang Yung |
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Name: CHUN Sang Yung |
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Title: Chief Financial Officer |
