Shinhan Bank

A bank with its main office in Seoul, South Korea, is called Shinhan Bank. It was historically the country's first bank and was founded in 1897 as Hanseong Bank. In 1982, the bank was reopened. Along with Jeju Bank, it forms a member of the Shinhan Financial Group. On April 1, 2006, Chohung Bank and Shinhan Bank amalgamated.

On July 7, 1982, Shinhan Bank was founded as a small business with KRW 25.0 billion in capital stock, 279 employees, and three branches. It has evolved into a sizable bank today, with equity capital of KRW 9.7 trillion, assets of KRW 176.9 trillion, 10,741 employees, and 1,026 branches as of 2006. The assets held by Shinhan Bank as of June 30, 2016 were 298.945 trillion won (about 304.658 trillion won or US$269.507 billion in 2017).

The market capitalization of Shinhan Financial Group was $14.22 billion as of March 2023. By market cap, this places Shinhan Financial Group as the 1119th most valuable company in the world. The most recent financial reports from Shinhan Financial Group indicate that the company's current revenue (TTM) is $16.58 billion. The company generated $18.83 billion in revenue in 2021, a rise from $17.88 billion in revenue in 2020.

Founded: 1897
Headquarters: 20, Sejong-daero 9-gil, Jung-gu, Seoul, South Korea
Website: https://www.shinhan.com/en/