UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

Under the Securities Exchange Act of 1934

For the Month of February 2024

SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant's name into English)

20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, 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 √ Form 40-F

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___√___

If "Yes" is marked, indicate below the file number assigned to the

registrant in connection with Rule 12g3-2(b): 82- n/a .

 

 

 


Please refer to Exhibit 99.1.

 


EXHIBIT INDEX

Exhibit No.

Description

99.1

Decisions on the sale of Assets (Shinhan Card)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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: February 23, 2024

 

 

 

By:/s/ CHUN Sang-yung

 

 

 

 

(Signature)

 

 

 

 

Name: CHUN Sang-yung

 

 

 

 

Title: Chief Financial Officer

 


EX-99.1

Exhibit 99.1 Decisions on the sale of Assets of Shinhan Card

On February 22, 2024, the board of directors of Shinhan Card, our wholly-owned credit card subsidiary, resolved to enter into the contract on the sale of long-term car rental business assets. The key details of the sale are as follows:

 

- Contract Counterparty: Lotte Rental

 

- Assets to be acquired: Long-term car rental business

 

- Sale Price: up to KRW 180 billion

 

- Contract Date: By the end of March, 2024

 

- Decision Date: February 22, 2024

 

- Other considerations

- The above assets to be sold will be recorded as securities measured at amortized cost or lease assets in a statement of financial position and relevant revenues will be recognized as other operating income in an income statement.

- The above ‘Sale Price’ is the maximum price for the sale and may vary depending on several conditions including customers’ consent rate.

- The above ‘Decision Date’ is the resolution date of Shinhan Card’s board of directors.

- The contract terms are subject to change in due course and Shinhan Financial Group will make further disclosures in the event of material changes to the above contract.