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Shinhan Financial Group Co Ltd ADR SHG Stock Quote

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Morningstar‘s Stock Analysis SHG

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Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.

Key Statistics SHG

Company Profile SHG

Business Description

Shinhan Financial is Korea’s largest banking group. Its 11.7% market share of loans trails KB’s 13.1%, but Shinhan has more contribution from nonbank and overseas businesses than rivals. Nonbank units include Shinhan Card, the country’s largest credit card company, brokerage firm Shinhan Investment, and a top-five presence in life insurance following the acquisition of Orange Life (formerly ING). It also owns leasing firm Shinhan Capital, Shinhan Asset Management, and regional bank Jeju Bank, among others. Unlike KB, whose predecessor banks were originally founded by the government, Shinhan has always been a private-sector bank, having grown to the top spot organically and through M&A after having been only a second-tier player before the Asian financial crisis.

20, Sejong-daero 9-gil, Jung-gu
Seoul, 04513, Korea, Republic of
T +82 263603000
Industry Banks - Regional
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 23,477