Shinhan Financial approves KRW 270B AT1 issue

Shinhan Financial Group Co., Ltd. resolved to issue KRW 270 billion of KRW-denominated Write-down Contingent Capital Securities classified as Basel 3 Compliant Additional Tier1 Capital.

Rhea-AI Filing Summary

Shinhan Financial Group Co., Ltd. resolved to issue KRW 270 billion of KRW-denominated Write-down Contingent Capital Securities classified as Basel 3 Compliant Additional Tier1 Capital. The stated purpose is to maintain capital requirements under Basel III.

The securities are perpetual, with call options allowing the issuer to redeem them at every three-month interest or dividend payment date after 5 years but no later than 10 years from issuance. If the company is designated an insolvent financial institution under the Act on the Structural Improvement of the Financial Industry, the principal and accrued distributions on these contingent capital securities will be written off without prior consent. Final issuance terms, including interest rate, are delegated to the CEO, and the issuance size may be adjusted within a KRW 400 billion board-approved limit.

Key Figures

Initial AT1 issuance size: KRW 270 billion Board-approved issuance limit: KRW 400 billion First call date: 5 years +2 more

5 metrics

Initial AT1 issuance size KRW 270 billion Total Amount of Issuance for Write-down Contingent Capital Securities

Board-approved issuance limit KRW 400 billion Maximum total amount permitted depending on demand forecast

First call date 5 years Call options exercisable after 5 years from issuance, then every 3 months

Final call limit 10 years Call options may be exercised no later than 10 years from issuance

Coupon interval 3 months Call options aligned with each 3‑month interest or dividend payment date

Key Terms

Write-down Contingent Capital Securities, Basel 3 Compliant Additional Tier1 Capital, Point of Non-Viability Trigger Event, insolvent financial institution, +1 more

5 terms

Write-down Contingent Capital Securities financial

"Type of Securities | Write-down Contingent Capital Securities (Basel 3 Compliant Additional Tier1 Capital)"

Basel 3 Compliant Additional Tier1 Capital financial

"Type of Securities | Write-down Contingent Capital Securities (Basel 3 Compliant Additional Tier1 Capital)"

Point of Non-Viability Trigger Event financial

"Point of Non-Viability Trigger Event | Under Article 2 of the Act on the Structural Improvement"

insolvent financial institution financial

"if the issuing company is designated as an insolvent financial institution"

Act on the Structural Improvement of the Financial Industry regulatory

"Under Article 2 of the Act on the Structural Improvement of the Financial Industry"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What securities did Shinhan Financial Group (SHG) approve issuing in July 2026?

Shinhan Financial Group (SHG) approved issuing KRW 270 billion of KRW-denominated Write-down Contingent Capital Securities. These qualify as Basel 3 Compliant Additional Tier1 Capital, intended to help the group maintain its regulatory capital requirements under the Basel III framework.

What is the potential size range of Shinhan Financial Group (SHG)'s contingent capital issuance?

The board resolution specifies an initial issuance of KRW 270 billion, with flexibility to change the size. Depending on demand forecasts, the amount may be adjusted within a board-approved total limit of up to KRW 400 billion of contingent capital securities.

What are the maturity and call features of SHG's new contingent capital securities?

The new securities are perpetual, with no fixed maturity date. Shinhan Financial Group may redeem them using call options at every three-month interest or dividend payment date, starting 5 years after issuance and no later than 10 years from the issuance date.

What triggers a write-down of Shinhan Financial Group (SHG)'s new AT1 securities?

A Point of Non-Viability Trigger Event occurs if SHG is designated an insolvent financial institution under the Act on the Structural Improvement of the Financial Industry. In that case, the total amount of the securities, including interest or dividends, will be written off without prior consent.

Why is Shinhan Financial Group (SHG) issuing Basel III Additional Tier1 capital?

The stated purpose of the issuance is to maintain capital requirements under Basel III. By classifying the instruments as Basel 3 Compliant Additional Tier1 Capital, Shinhan Financial Group aims to support its regulatory capital structure as defined under the Basel III rules.

Who will set the final terms of Shinhan Financial Group (SHG)'s contingent capital securities?

Shinhan Financial Group's board delegated determination of the detailed issuance terms and interest rate to the Chief Executive Officer. The CEO will finalize these parameters within the board-approved framework, including the overall limit of up to KRW 400 billion.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/23/2026 - 07:48 AM Accepted by SEC EDGAR 07/23/2026 - 07:47 AM Learn about SEC filing dates

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 2026

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 23, 2026, 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:

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.

				Shinhan Financial Group Co., Ltd.
				(Registrant)
Date: July 23, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer