SHG updates: NPS ownership at 44,159,384 shares, 9.10%

Rhea-AI Filing Summary

Shinhan Financial Group (SHG) reported a minor change in its largest shareholder’s stake. Korea’s National Pension Service (NPS) decreased its holdings from 44,311,470 common shares, representing 9.13% as of September 30, 2025, to 44,159,384 common shares, representing 9.10% as of November 4, 2025.

The figures reflect the shareholder registry closing as of November 4, 2025. The update indicates a small reduction in NPS’s ownership while it remains the largest shareholder.

Insights

Equity ownership analyst

Tiny ownership decrease by NPS; neutral impact.

NPS, the largest shareholder of Shinhan Financial Group, reduced its common share position from 44,311,470 (representing 9.13% as of September 30, 2025) to 44,159,384 (representing 9.10% as of November 4, 2025).

The change is small and based on the shareholder registry closing as of November 4, 2025. No proceeds or transactional mechanics are described; this is an ownership update.

The practical effect depends on future disclosures. Subsequent filings may provide additional movement or context around NPS’s position.

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

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 11/12/2025 - 07:04 AM Learn about SEC filing dates

FAQ

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

It reported that the National Pension Service’s common share holdings decreased to 44,159,384, or 9.10%, as of November 4, 2025.

How much did NPS own before the change at SHG?

NPS previously held 44,311,470 common shares, representing 9.13% as of September 30, 2025.

Who is the largest shareholder of Shinhan Financial Group (SHG)?

Korea’s National Pension Service (NPS) remains the largest shareholder after the reported change.

What is the reference date for the updated ownership at SHG?

The update is based on the shareholder registry closing as of November 4, 2025.

Does the filing mention any transaction proceeds for SHG?

No. It is an ownership update; the filing does not describe proceeds or a transaction.

How significant is the NPS ownership change at SHG?

It is a small decrease from 9.13% to 9.10% of common shares.

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 November 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 

Change in the number of shares owned by the largest shareholder of Shinhan Financial Group

On November 12, 2025, Shinhan Financial Group Co., Ltd. reported that the number of common shares owned by its largest shareholder, Korea’s National Pension Service (“NPS”), decreased from 44,311,470 shares of common stock (representing 9.13%, as of September 30, 2025) to 44,159,384 shares of common stock (representing 9.10%, as of November 4, 2025). This disclosure is based on the results of shareholder registry closing as of November 4, 2025.

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: November 12, 2025				By:		/s/ CHUN Sang Yung
				Name: CHUN Sang Yung
				Title: Chief Financial Officer