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-_______.
LOANS TO SUBSIDIARIES
On April 29, 2005, we, Shinhan Financial Group, approved the extension of
loans in the aggregate principal amount of KRW 50 billion to Shinhan Capital.
The loan origination date is May 9, 2005. We will fund this loan through the
issuance of debentures in the domestic market on May 9, 2005. The following is
detailed summary of transactions.
* SUMMARY OF TRANSACTIONS:
1. Name of the Subsidiary (debtor) : Shinhan Capital
2. Aggregate Principal Amount of the Loan : KRW 50 billion
3. Loan Origination Date : May 9, 2005
4. Total Loans to Shinhan Capital : KRW 574,295 million
(as of May 9, 2005)
5. Maturity : May 9, 2008
6. Interest Rate : Our domestic funding rate plus 20
basis points
7. Use of Proceeds : Business operation
8. Date of Approval : April 29, 2005
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: April 29, 2005