Shinhan Financial reviews possible Lotte Insurance deal

Shinhan Financial Group Co., Ltd. has responded to a media report claiming it is pursuing an acquisition of Lotte Insurance.

Accepted by SEC EDGAR 06/29/2026 - 06:03 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Shinhan Financial Group Co., Ltd. has responded to a media report claiming it is pursuing an acquisition of Lotte Insurance. The company states it is reviewing various options to strengthen its non-bank businesses, which may include an acquisition, but no decisions have been finalized.

The potential Lotte Insurance transaction remains under review. Shinhan Financial Group plans to provide another disclosure once specific details are determined or within one month, signaling that discussions are at an early, exploratory stage rather than a confirmed deal.

Key Terms

Form 6-K, foreign private issuer, acquisition of Lotte Insurance, non-bank competitiveness, +1 more

5 terms

Form 6-K regulatory

"FORM 6-K ——————————— REPORT OF FOREIGN PRIVATE ISSUER"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

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.

acquisition of Lotte Insurance financial

"pursues acquisition of Lotte Insurance,” published by The Korea"

non-bank competitiveness financial

"reviewing various measures to enhance the Group’s non-bank competitiveness"

insurance sector reform financial

"“Strengthening insurance sector reform, Shinhan Financial pursues"

FAQ

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

What did Shinhan Financial Group (SHG) say about acquiring Lotte Insurance?

Shinhan Financial Group said it is reviewing measures to enhance non-bank competitiveness, which may include acquiring Lotte Insurance. However, it emphasized that no decisions have been finalized and the potential transaction remains under review at this stage.

Is the Lotte Insurance acquisition by Shinhan Financial Group confirmed?

The acquisition is not confirmed. Shinhan Financial Group clearly stated that no decisions have been finalized on acquiring Lotte Insurance and that the matter is still under review, despite a media report suggesting the group is pursuing the deal.

Why is Shinhan Financial Group considering Lotte Insurance?

Shinhan Financial Group indicated it is reviewing various measures to enhance the group’s non-bank competitiveness. A potential acquisition of Lotte Insurance appears to be one of those options, but remains only under consideration without any finalized commitment.

When will Shinhan Financial Group update the market on Lotte Insurance plans?

Shinhan Financial Group stated it will provide an additional disclosure once relevant details regarding any potential Lotte Insurance acquisition are determined or within one month, giving investors a clear expectation for the next formal update.

What prompted Shinhan Financial Group’s disclosure on Lotte Insurance?

The disclosure was prompted by a Korea Economic Daily article titled “Strengthening insurance sector reform, Shinhan Financial pursues acquisition of Lotte Insurance.” Shinhan Financial responded to clarify that it is only reviewing options and has made no final decision.

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

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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 June 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 

Response to Rumors or Media Reports: Undetermined

This disclosure is made in response to the article, “Strengthening insurance sector reform, Shinhan Financial pursues acquisition of Lotte Insurance,” published by The Korea Economic Daily on June 29, 2026.

Shinhan Financial Group is currently reviewing various measures to enhance the Group’s non-bank competitiveness. However, no decisions have been finalized regarding a potential acquisition of Lotte Insurance at this time.

The matter remains under review, and Shinhan Financial Group will provide an additional disclosure once the relevant details have been determined or within one month.

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 29, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer