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 April 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): __________
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): __________
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-____________.
1Q FY2005 OPERATING RESULTS
On April 28, 2005, Shinhan Financial Group announced its operation results
for the 3 month period ended on March 31, 2005 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
reviewed 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
(in millions of KRW)
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1Q 2005 4Q 2004 % Change 1Q 2004 % Change
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Operating Revenue 4,692,261 4,912,437 -4.48% 3,353,221 39.93%
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Operating Income 389,090 331,647 17.32% 312,501 24.51%
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Ordinary Income 461,383 286,005 61.32% 208,291 121.51%
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Net Income 388,101 255,714 51.77% 146,071 165.69%
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2. Net Income of Major Subsidiaries
(in millions of KRW)
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1Q 2005 4Q 2004 % Change 1Q 2004 % Change
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Shinhan Bank 218,347 150,700 44.89% 253,408 -13.84%
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Chohung Bank 125,908 76,412 64.78% 36,120 248.58%
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Shinhan Card 12,739 7,115 79.04% -5,190 n.a.
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Good Morning Shinhan
Securities 10,833 5,246 106.51% 24,097 -55.04%
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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
-------------------------------
Name: Byung Jae Cho
Title: Chief Financial Officer
Date : April 28, 2005