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Topic: Shinhan Financial Group

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	BNP Paribas and Shinhan Financial Group sign a Memorandum Of Understanding to establish a comprehensive strategic ... (Site not responding. Last check: 2007-11-03)
		Shinhan Financial Holding Company Establishment Committee and BNP Paribas jointly announced the signing on June 28 in Singapore, of a Memorandum Of Understanding (MOU) for a comprehensive strategic partnership in Korea.
		Shinhan Group (including Shinhan Bank, Shinhan Securities, Shinhan Investment Trust Management, Shinhan Capital and Shinhan Life Insurance) is one of the leading financial groups in Korea, offering a broad range of products from retail banking to credit cards, investment trust and middle-market and corporate banking services.
		Shinhan bank is the second largest bank in Korea in terms of market value and is a market leader in performance and asset quality, total net earnings of bank amounted to Euro 327 million in 2000.
	invest.bnpparibas.com /en/news/default.asp?Code=PVOI-4Y59H8EN (1351 words)

	Shinhan charts plan to finance takeover - Marketplace by Bloomberg - International Herald Tribune
		Shinhan, which owns 7.15 percent of LG Card, offered about 68,000 won a share for an 85 percent stake in one of the biggest South Korean card issuers, indicating a 7.2 trillion won deal, according to Yonhap News Agency.
		Shinhan Financial will merge its credit card business with LG Card and make the combined unit one of the world's largest credit card companies by transaction volume by 2015, the financial services company said in a statement Wednesday.
		Shinhan can use the brand name of LG Card for about three months after completing the deal, and will change the name if it is unable to agree with LG Group to prolong the date, it said.
	www.iht.com /articles/2006/08/17/bloomberg/sxshinhan.php (522 words)

	The Korea Times : Shinhan Financial to Buy LG Card (Site not responding. Last check: 2007-11-03)
		Creditors of LG Card Wednesday announced they had selected Shinhan Financial Group as the preferred bidder for their controlling stake in the country’s second-largest card issuer by billings.
		Shinhan plans to ensure independent management of LG Card after acquiring the firm, as it did when it bought Chohung Bank in 2003.
		Shinhan entered the Korean market in 1982 with capital from ethnic Koreans in Japan, but has emerged as one of the most profitable institutions under the leadership of Chairman Ra Eung-chan.
	times.hankooki.com /lpage/biz/200608/kt2006081617434511870.htm (485 words)

	US:SHG Key Developments: Investing - MSN Money
		Shinhan Financial Group Co., Ltd.: Shinyoung Securities Co., Ltd. announced that it has made a capital injection of KRW 254,996,453,200 into Shinhan Financial Group Co., Ltd. Shinyoung Securities holds a 6.69% equity stake in Shinhan Financial Group.
		Shinhan Financial Group Co., Ltd. announced that its Board of Directors has decided to issue 43,711,000 shares of preferred stock on preferential basis, raising approximately KRW 3.7 trillion.
		Shinhan Financial Group Co., Ltd. announced that it has decided to purchase 98,517,316 shares of common stock of LG Card Co., Ltd. The shares are worth approximately KRW 6.6 trillion.
	news.moneycentral.msn.com /ticker/sigdev.asp?Symbol=US:SHG (239 words)

	CNN.com - S. Korea picks Shinhan in bank sale - Dec. 25, 2002
		Shinhan has offered to buy the government's whole 80 percent stake for around 2.93 trillion won ($2.4 billion), or around 5,400 won per share.
		Shinhan is likely to merge Chohung into its operations, creating a bank with around 130 trillion won ($100 billion) in assets.
		Shinhan shares are up 1.47 percent to 13,800 won at a time the benchmark Kospi is down 0.92 percent.
	archives.cnn.com /2002/BUSINESS/asia/12/25/korea.chohung/index.html (468 words)

	SHINHAN FINANCIAL GROUP CO LTD - SHG Annual and Transition Report (foreign private issuer) (20-F) Liquidity and Capital ...
		Shinhan Bank's delinquency ratio, calculated under Korean GAAP, for such loans increased from 1.36% as of December 31, 2001 to 1.75% as of December 31, 2003 and to 2.11% as of March 31, 2004.
		Shinhan Bizbank's services were being used by 64,156 corporations as of December 31, 2003 and, in 2003, its number of transactions and the aggregate transaction amount were 8,677,187 and W 236,354 billion, respectively.
		Hanmaum Financial is a so-called "bad bank", a type of private asset management company that acquires non-performing assets from banks and other financial institutions for the purpose of providing long-term financial aid to delinquent consumers to enable them to payoff their financial debts.
	sec.edgar-online.com /2004/06/30/0001145549-04-000853/section6.asp (14033 words)

	Euro2day :: LG Card decision 'next week'
		Creditors of LG Card are expected to announce the $5bn sale of South Korea's biggest credit card issuer to a domestic financial institution as early as next week, according to people familiar with the situation.
		Shinhan, the country's second-largest lender with the National Pension Fund as a financial partner, has been considered a front-runner to buy the credit card issuer.
		A group of 14 creditors who own 82 per cent of LG Card are seeking to sell between 51 per cent and 72 per cent by the end of October.
	www.euro2day.gr /articlesfna/18992776 (734 words)

	The Korea Times : Shinhan to Take Over LG Card for $7 Billion (Site not responding. Last check: 2007-11-03)
		Shinhan Financial Group will take over LG Card, the country’s second-largest credit card issuer by billing, in what is expected to be the largest merger deal in Korean history, sources said Tuesday.
		Shinhan offered to buy an 85 percent stake at 69,000 won per share, costing it a total of 7.3 trillion won or about $7 billion, one source close to the deal said.
		Shinhan plans to fund the deal through partnerships with pension funds, Korea’s postal service providers and other financial investors.
	times.hankooki.com /lpage/biz/200608/kt2006081521120311910.htm (413 words)

	CNN.com - Korea sees first private roads fund - Jan. 5, 2003
		Shinhan is likely to become Korea's second-largest banking group later this year, if it succeeds in taking control of fourth-ranked Chohung Bank.
		Macquarie and Shinhan have committed 30 billion won and 45 billion won to the KRIF, with the balance coming from Korean pension funds and insurance companies such as Dongbu Life and Kyobo Life.
		Macquarie Bank executive Mark Ramsey, who chairs the Macquarie Shinhan Inrastructure Management Co. Ltd., said he hoped the KRIF would be floated in the future, giving Korean retail investors the chance to take part in what he said was a "stable asset class".
	edition.cnn.com /2003/BUSINESS/asia/01/05/aust.macquarie.biz/index.html (503 words)

	Shinhan to take over Seoul credit card issuer - Marketplace by Bloomberg - International Herald Tribune
		SEOUL Shinhan Financial Group won a bid Wednesday to acquire LG Card, the credit card issuer, in what could be the biggest takeover in South Korea.
		Shinhan Financial will enter exclusive talks for LG Card, said Kim Jong Bae, the deputy governor of Korea Development Bank.
		Shinhan Financial said it would merge its credit card business with LG Card and make the combined unit one of the world's largest credit card companies by transaction volume by 2015.
	www.iht.com /articles/2006/08/16/bloomberg/bxkorea.php (721 words)

	Tmax Soft: News (Site not responding. Last check: 2007-11-03)
		Shinhan Financial Group's core banking and EAI solution project, which had been one of the biggest issues in the IT industry, chose its solution providers.
		According to Shinhan Financial Group Tmax Soft received the priority to negotiate about the next generation core banking system project and Vitria received the priority for the next generation EAI project.
		Shinhan Financial Group, which has been looking for the solution provider since last July, selected Tmax Soft as the winner from the finalists (Tmax Soft and FNS.COM).
	www.tmaxsoft.com /news/news/2004_08_24.shtml (205 words)

	Shinhan Financial Group News (Site not responding. Last check: 2007-11-03)
		Shinhan Financial Group said yesterday that it reached a preliminary agreement with creditors of LG Card Co.
		Shinhan Financial Group, which is attempting to acquire the nation's top LG Card Co., will agree on a final acquisition price with the main creditor by mid-December, a creditor bank official said Tuesday.
		Shinhan Financial Group, South Korea's second-largest financial services company, said Thursday that its third-quarter earnings dropped more than 14 percent on a decline in non-interest income.
	www.topix.net /com/shg (703 words)

	Euro2day :: S Korea's Hana eyes bigger bank rival
		Hana recently approached Woori and "exchanged the idea" of gradually taking over management control of the country's third-largest lender, 78 per cent owned by the government but scheduled to be privatised.
		Shinhan Financial Group, the second-largest lender, will inherit an additional 11m credit-card customers when it takes over LG Card.
		Of the three banks – Shinhan, Koram and Hana – that were established in the early 1980s, Hana has not kept up with its peers and is looking increasingly like a takeover target itself.
	www.euro2day.gr /articlesfna/22402452 (688 words)

	Shinhan Financial to grab LG Card in 7.5 billion dollar deal: analysts (Site not responding. Last check: 2007-11-03)
		The once-troubled LG Card was sharply higher on reports that SFG agreed to pay 68,000 won (70.5 dollars) per LG Card share and takeover at least 85 percent of 125 million shares from LG Card creditors.
		SFG has been competing with Hana Financial Group and National Agricultural Cooperative Federation (NACF) to takeover LG Card, which creditors put up for sale after bailing it out two years ago.
		With assets of 207 trillion won (214 billion dollars) at the end of June, SFG is currently the country's second largest bank, after Kookmin.
	www.strategiy.com /bankingnew.asp?id=20060816131134 (677 words)

	Scotsman.com Business - Latest News - Shinhan to buy LG Card-source (Site not responding. Last check: 2007-11-03)
		Shinhan, the country's No. 2 financial services firm, has offered to buy 85 percent of LG Card's outstanding shares at about 68,000 won per share, an 18.5 percent premium to Monday's close, the source said, adding: "We are waiting for a formal notification."
		Shinhan Financial expects its free capital available for acquisitions to reach 3 trillion won by the end of this year.
		Shinhan was up 1.6 percent at 46,500, paring gains of as much as 3.8 percent.
	business.scotsman.com /latest.cfm?id=1196522006 (825 words)

	No. 7: Shinhan Financial Group
		Shinhan Financial Group Inc.'s (SHO) creation epitomizes the sweeping changes in South Korea's financial industry.
		The quest to remake Shinhan was begun four years ago by Lee In Ho, who took over as CEO in May. With that goal achieved, Lee has his eyes on an even bigger prize.
		Shinhan Financial Group posted record three-month earnings of $458.5 million for the quarter ended June 30, up 45% from a year earlier.
	businessweek.com /magazine/content/05_43/b3956414.htm?... (472 words)

	BNP Paribas Asset Management signs a strategic alliance with Shinhan Financial Group - Shareholders / Investors \| BNP ...
		According to Shinhan Financial Group's Deputy President Choi Young-Hwi, who led the negotiations of the alliances with BNP Paribas, "due to the participation of BNP Paribas in asset management business of Shinhan Financial Group, we are able to provide financial products with better security and returns to our customers.
		Shinhan Group (including Shinhan Investment Trust Management, Shinhan Bank, GoodMorning Shinhan Securities, Shinhan Capital, e-Shinhan, Shinhan Card, Shinhan Credit Information and Jeju Bank) is one of the leading financial groups in Korea, offering a broad range of products from retail banking to credit cards, investment trust and middle-market and corporate banking services.
		BNP Paribas is a powerful and efficient financial services group, with solid roots in Europe, leading positions in Asia and an active presence in the United States.
	invest.bnpparibas.com /en/news/default.asp?Code=PVOI-5CX8MPEN (574 words)

	Shinhan Financial to acquire LG Card in estimated 7.5 billion dollar deal
		Shinhan Financial to acquire LG Card in estimated 7.5 billion dollar deal
		Shinhan Financial to grab LG Card in 7.5 billion dollar deal: analysts
		South Korea's largest credit card issuer, LG Card will be folded into Shinhan Financial Group (SFG) in a massive 7.5 billion dollar shake up of the country's credit card industry, analysts say.
	www.turkishpress.com /news.asp?id=137751 (576 words)

	Shinhan Financial Group Co Ltd and Ship Finance International
		AND DEVELOPMENT OF SHINHAN FINANCIAL GROUP Introduction We are the largest financial holding company in Korea on the basis of total assets, total deposits and stockholders' equity.
		SWS Group Inc...delivering a broad range of investment, commercial banking and related financial services to individual, corporate and institutional investors, broker..
		Coley Pharmaceutical Group Inc...overing and developing a novel class of drug candidates for cancers, infectious diseases and respiratory disorders.
	www.zeebob.com /ZStockSHGSFL.html (1695 words)

	Shinhan Financial to acquire LG Card \| newratings.com
		LONDON, August 16 (newratings.com) - Shinhan Financial Group Ltd (SHG.ETR), the second-largest financial services company in South Korea, was chosen on Wednesday as the preferred bidder for LG Card.
		Although no price related to the deal was disclosed, Bloomberg quoted Yonhap news agency as saying that Shinhan Financial intends to acquire an 85% stake in LG Card for nearly 68,000 won per share, which values the deal at $7.5 billion.
		Associated Press quoted Shinhan Financial as saying that it intends to operate LG Card as a separate unit for two years and then merge it with its Shinhan Card unit.
	www.newratings.com /analyst_news/article_1347462.html (302 words)

	Digital Chosunilbo (English Edition) : Daily News in English About Korea
		Shinhan Financial Group has been picked as the preferred bidder for LG Card, the card company¡¯s main creditor Korea Development Bank said Wednesday.
		The selection sets the stage for a reorganization of the Korean financial industry around two giants, Kookmin and Shinhan, with one medium-sized one (Woori) and one small bank (Hana), since Korea¡¯s biggest lender Kookmin is taking over Korea Exchange Bank.
		If the deal goes through, Shinhan Financial Group will consolidate its position as the no. 2 in the industry and could become a contender for the top spot.
	english.chosun.com /w21data/html/news/200608/200608160007.html (275 words)

	Shinhan Financial to acquire LG Card in estimated 7.5 billion dollar deal
		South Korea's largest credit card issuer, LG Card, is set to be folded into Shinhan Financial Group (SFG), creditors have said, in an estimated massive 7.5 billion dollar industry shake-up.
		SFG had been competing with Hana Financial Group and National Agricultural Cooperative Federation (NACF) to takeover LG Card, which creditors put up for sale after bailing it out two years ago.
		SFG hopes to transform the combined entity of LG Card and its own card unit, with five million users, into the world's fifth largest credit card company by the year 2015.
	www.turkishpress.com /news.asp?id=137793 (705 words)

	SHG - SHINHAN FINANCIAL GROUP CO LTD - Foreign Regional Banks (Site not responding. Last check: 2007-11-03)
		Shinhan Financial Group Co., Ltd. through its subsidiaries, offers various banking and financial services to retail and corporate customers in Korea.
		As of December 31, 2004, the company operated 428 branches in Seoul and its metropolitan area; 322 branches in Kyunggi Province and 6 major cities in Korea; and 155 branches throughout the rest of the country, as well as operated 1,987 cash dispensers and 4,869 automated teller machines.
		Shinhan Financial Group is headquartered in Jung-Gu, South Korea.
	www.trending123.com /stocks/shg.htm (272 words)

	NYSE Group, Inc. > About NYSE Group > Listed Companies > Listed Company Directory Shinhan Financial Group
		It provides retail banking services through Shinhan Bank (and prior to the merger of the two banks, through Shinhan Bank and Chohung Bank, and to a lesser extent, through Jeju Bank.
		Through its banking and non-banking subsidiaries, it is engaged in a range of related financial services.
		In April 2006, BNP Paribas acquired a 5.6% interest in Shinhan Financial Group Co. Ltd., which increased its holding in the Company to 9.4%.
	www.nyse.com /about/listed/shg.html (159 words)

	Citibank Launches NYSE-Listed ADR Program for Shinhan Financial Group Co., Ltd. (Site not responding. Last check: 2007-11-03)
		"We are pleased to support Shinhan Financial Group's goal of achieving superior visibility in the world's largest capital market.
		Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management.
		Shinhan Financial Group Co., Ltd. is Korea's largest financial holding company, established in September 2001 and delivering a complete range of high quality financial services via a single global organization.
	www.citibank.com /citigroup/press/2003/030916a.htm (341 words)

	Online Extra: For Shinhan, Survival Through Growth
		Shinhan boasts a winning streak of buyout deals over the past five years to expand its business in such areas as credit cards, brokerage services, asset management, and insurance.
		A key reason for the expansion was Lee In Ho, who took over as CEO of the group in May. Recently, Lee spoke with BusinessWeek Seoul Bureau Chief Moon Ihlwan about how Shinhan plans to keep on growing.
		Although we were a tiny bank in the 1980s, we managed to create a culture of respecting basic rules of rewarding people in accordance with their performances and making loan decisions based on business soundness and risks.
	businessweek.com /magazine/content/05_43/b3956426.htm (1148 words)

	Shinhan Financial to acquire LG Card (Site not responding. Last check: 2007-11-03)
		SEOUL, AUG 16: Shinhan Financial Group Ltd, South Korea’s second-largest financial services company, won a bid to acquire LG Card Co in what may be the country’s biggest takeover.
		Shinhan Financial was chosen to enter exclusive negotiations for Seoul-based LG Card, the nation's No 2 card issuer, Kim Jong Bae, deputy governor of main creditor Korea Development Bank, said at a press briefing on Wednesday.
		LG Card will raise Shinhan Financial’s assets to 219 trillion won, increasing the gap between it and smaller lenders Woori Finance Holdings Co and Hana Financial Group Inc.
	www.financialexpress.com /fe_full_story.php?content_id=137522 (337 words)

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