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 March 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 March 10, 2005, we, Shinhan Financial Group, approved the extension of
loans in the aggregate principal amount of KRW 50 billion and KRW 100 billion to
Shinhan Capital and Shinhan Card respectively. The loan origination date is
March 18, 2005. We will fund this loan through the issuance of debentures in the
domestic market on March 18, 2005. The following is detailed summary of
transactions.
* SUMMARY OF TRANSACTIONS:
< Loan to Shinhan Capital >
1. Name of the Subsidiary (debtor) : Shinhan Capital
2. Aggregate Principal Amount of the Loan : KRW 50 billion
3. Loan Origination Date : March 18, 2005
4. Total Loans to Shinhan Capital : KRW 685,609 million
(as of March 18, 2005)
5. Maturity : March 18, 2007
6. Interest Rate : Our domestic funding rate plus 20
basis points
7. Use of Proceeds : Business operation
8. Date of Approval : March 10, 2005
< Loan to Shinhan Card >
1. Name of the Subsidiary (debtor) : Shinhan Card
2. Aggregate Principal Amount of the Loan : KRW 100 billion
3. Loan Origination Date : March 18, 2005
4. Total Loans to Shinhan Card : KRW 1 trillion
(as of March 18, 2005)
5. Maturity : 1) March 18, 2007 (for 50 billion)
2) March 18, 2008 (for the other 50 billion)
6. Interest Rate : Our domestic funding rate plus 20
basis points
7. Use of Proceeds : Business operating
8. Date of Approval : March 10, 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 : March 10, 2005