SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of February 2005
SHINHAN FINANCIAL GROUP CO., LTD.
(Translation of registrant's name into English)
120, 2-Ga, Taepyung-Ro, Jung-Gu, Seoul 100-102, 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 X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
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Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
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Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .
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FY2004 OPERATING RESULTS
On February 2, 2004, Shinhan Financial Group announced its operation
results for the year 2004 during our earnings conference at the Korea Stock
Exchange. Followings are the key figures we announced through a fair disclosure
to the Korea Stock Exchange. Full IR presentation material is available at our
website (www.shinhangroup.com).
The financial information in this report has been prepared in accordance
with accounting principles generally accepted in Korea and have not been fully
audited by our independent auditor yet; therefore, contents are subject to
changes in the due course of audit process.
1. Operation results of Shinhan Financial Group
(1) Year on Year
(in millions of KRW)
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FY 2004 FY 2003 % change
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Operating Revenue 14,342,873 8,072,077 77.7%
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Operating Income 1,469,789 785,786 87.0%
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Ordinary Income 1,333,781 630,979 111.4%
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Net Income 1,050,295 362,988 189.3%
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(2). Quarter on Quarter
(in millions of KRW)
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4(th) quarter 3(rd) quarter 4(th) quarter
of 2004 of 2004 % change of 2003 % change
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Operating Revenue 4,912,437 3,049,859 61.1% 3,078,037 59.6%
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Operating Income 331,647 406,399 -18.4% 401,326 -17.4%
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Ordinary Income 286,005 414,463 -31.0% 190,151 50.4%
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Net Income 255,714 324,212 -21.1% 104,756 144.1%
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2. Net Income of Major Subsidiaries - Year on Year
(in millions of KRW)
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FY2004 FY2003 % change
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Shinhan Bank 844,113 476,023 77.3%
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Chohung Bank 265,238 -965,951 n.a
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Shinhan Card 5,822 -89,824 n.a
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Good Morning Shinhan Securities 43,576 35,813 21.7%
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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.
By /s/ Byung Jae Cho
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Name: Byung Jae Cho
Title: Chief Financial Officer
Date: February 2, 2005