新韩金融 2025年年度报告和过渡报告

(Mark One)☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g)OF THE SECURITIES EXCHANGE ACT OF 1934OR☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 31,2024OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoOR☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Date of event requiring this shell company report Shinhan Financial Group Co., Ltd. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, anon-acceleratedfiler, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” and “emerging growth company” in Rule12b-2of the Exchange Act. If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow:Item17☐Item 18☐If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2of the Exchange Act):Yes☐No☒(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distributionof securities under a plan confirmed by a court:Yes☐No☐ Table of Contents TABLE OF CONTENTS ITEM 1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERSITEM 2.OFFER STATISTICS AND EXPECTED TIMETABLEITEM 3.KEY INFORMATIONITEM 3.A.[Reserved]ITEM 3.B.Capitalization and IndebtednessITEM 3.C.Reasons for the Offer and Use of ProceedsITEM 3.D.Risk FactorsITEM 4.INFORMATION ON THE COMPANYITEM 4.A.History and Development of the CompanyITEM 4.B.Business OverviewITEM 4.C.Organizational StructureITEM 4.D.PropertiesITEM 4A.UNRESOLVED STAFF COMMENTSITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECTSITEM 5.A.Operating ResultsITEM 5.B.Liquidity and Capital ResourcesITEM 5.C.Research and Development, Patents and Licenses, etc.ITEM 5.D.Trend InformationITEM 5.E.Critical Accounting EstimatesITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEESITEM 6.A.Directors and Senior ManagementITEM 6.B.CompensationITEM 6.C.Board PracticesITEM 6.D.EmployeesITEM 6.E.Share OwnershipITEM 6.F.Disclosure of a Registrant’s Action to Recover Erroneously Awarded CompensationITEM 7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONSITEM 7.A.Major ShareholdersITEM 7.B.Related Party TransactionsITEM 7.C.Interests of Experts and CounselITEM 8.FINANCIAL INFORMATIONITEM 8.A.Consolidated Statements and Other Financial InformationITEM 8.B.Significant ChangesITEM 9.THE OFFER AND LISTINGITEM 9.A.Offer and Listing DetailsITEM 9.B.Plan of DistributionITEM 9.C.MarketsITEM 9.D.Selling ShareholdersITEM 9.E.DilutionITEM 9.F.Expenses of the IssueITEM 10.ADDITIONAL INFORMATIONITEM10.A.Share CapitalITEM 10.B.Memorandum and Articles of IncorporationITEM 10.C.Material ContractsITEM10.D.Exchange ControlsITEM 10.E.TaxationITEM 10.F.Dividends and Paying Agentsi eITEM10.G.Statements by Experts269ITEM10.H.Documents on Display269ITEM 10.I.Subsidiary Information269ITEM 10.J.Annual Report to Security Holders269ITEM 11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK269ITEM 12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES269ITEM12.A.Debt Securities269ITEM 12.B.Warrants and Rights269ITEM 12.C.Other Securities269ITEM12.D.American Depositary Shares270PART IIITEM 13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES272ITEM 14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS272ITEM 15.CONTROLS AND PROCEDURES272ITEM 16.[RESERVED]273ITEM16A.AUDIT COMMITTEE FINANCIAL EXPERT273ITEM16B.CODE OF ETHICS273ITEM16C.PRINCIPAL ACCOUNTANT FEES AND SERVICES273ITEM16D.EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES274ITEM16E.PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS275ITEM16F.CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT275ITEM16G.CORPORATE GOVERNANCE276ITEM16H.MINE SAFETY DISCLOSURE281ITEM16I.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS281ITEM16J.INSIDER TRADING POLICIES282ITEM16K.CYBERSECURITY282PART IIIITEM 17.FINANCIAL STATEMENTS283ITEM 18.FINANCIAL STATEMENTS283ITEM 19.EXHIBITS283INDEX OF EXHIBITS284INDEX TO CONSOLIDATED FINANCIAL STATEMENTSF-1 CERTAIN DEFINED TERMS, CONVENTIONS AND CURRENCY OF PRESENTATION Unless otherwise specified or the context otherwise requires: •the terms “we,” “us,” “our,” “Shinhan Financial Group,” “SFG” and the “Group” mean Shinhan Financial Group Co., Ltd. and itsconsolidated subsidiaries;•the terms “Shinhan Financial Group Co., Ltd.,” “our company” and “our holding company” mean Shinhan Financial Group Co., Ltd.; and•“Shinhan Card” refers to Shinhan Card Co., Ltd., “Shinhan Life Insurance” refers to Shi