Shinhan plans KRW 300B Basel III Tier 2 capital

Accepted by SEC EDGAR 08/20/2025 - 06:19 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Shinhan Financial Group reports that the board of its wholly owned subsidiary Shinhan Bank has approved a resolution to issue Basel III–compliant write-down contingent capital securities as Tier 2 subordinated debt to help maintain regulatory capital requirements.

The total issuance limit is set at KRW 300 billion, with key terms such as interest rate and final maturity delegated to the CEO of Shinhan Bank. These securities include a non-viability trigger under Article 2 of Korea’s Act on the Structural Improvement of the Financial Industry, under which the full amount of the securities, including interest or dividends, will be written off without prior consent if Shinhan Bank is designated an insolvent financial institution.

FAQ

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

What did Shinhan Financial Group (SHG) disclose in this 6-K?

The filing states that Shinhan Bank’s board approved a resolution to issue Basel III–compliant write-down contingent capital securities as Tier 2 subordinated debt to support capital requirements.

What is the maximum size of Shinhan Bank’s planned contingent capital issuance?

The total amount of the issuance limit for Shinhan Bank’s write-down contingent capital securities is KRW 300 billion.

Why is Shinhan Bank planning to issue write-down contingent capital securities?

The stated purpose is to maintain capital requirements under Basel III, which sets global regulatory standards for bank capital and risk management.

What happens if Shinhan Bank becomes an insolvent financial institution?

If Shinhan Bank is designated an insolvent financial institution under Article 2 of the Act on the Structural Improvement of the Financial Industry, the total amount of the contingent capital securities, including interest or dividends, will be written off without prior consent or approval from related parties.

Who will decide the final terms of Shinhan Bank’s contingent capital securities?

The filing notes that details of the issuance, including interest rate and maturity, will be delegated to the CEO of Shinhan Bank.

What type of instrument are Shinhan Bank’s new securities classified as?

They are classified as write-down contingent capital securities that qualify as Basel III-compliant Tier 2 subordinated debt.

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

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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 August 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 Bank’s Board made a resolution to issue a Write-down Contingent Capital Securities

On August 20, 2025, the board of directors of Shinhan Bank, our wholly-owned bank subsidiary, made a resolution to issue 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 Tier2 Subordinated Debt)
Total Amount of Issuance Limit	KRW 300 billion
Maturity of Securities	-
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, maturity will be delegated to the CEO of Shinhan Bank.

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: August 20, 2025				By:		/s/ CHUN Sang Yung
				Name: CHUN Sang Yung
				Title: Chief Financial Officer