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 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 [ ]
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]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_______.
1
Shinhan Financial Group
120, 2-Ga, Taepyungro, Jung Gu,
Seoul 100-724, Korea
March 11, 2005
To Shareholders:
CONVOCATION NOTICE OF THE 4TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
Notice is hereby given that the 4th Ordinary General Meeting of Shareholders of
the Group will be held as described hereunder and your attendance is cordially
requested.
DESCRIPTION
1. Date and Time March 30, 2005 10 A.M., Seoul time.
2. Venue Auditorium, 20th floor/Shinhan Bank,
120, 2Ga, Taepyung-ro, Jung-gu, Seoul, Korea
3. Agenda
1) Approval of balance sheet, income statement and statement of
appropriation of retained earnings for the fiscal year 2004 (January 1,
2004 ~ December 31, 2004).
2) Appointment of directors
3) Appointment of Audit Committee members
4) Approval of Limitation on Director Compensation
5) Approval of stock option grant to the executives, department heads, and
outside directors
2
REFERENCE DOCUMENT FOR THE EXERCISE OF THE VOTING RIGHT
1. NUMBER OF VOTING RIGHTS HELD BY ALL SHAREHOLDERS: 310,332,000 shares
* The total number of our outstanding common stock is 319,319,011 shares as
of December 31, 2004. Among this, 8,985,567 shares and 1,444 shares are
held by Chohung Bank and Good Morning Shinhan Securities respectively.
These shares do not have voting rights under the Financial Holdings Company
Act of Korea, because both of Chohung Bank and Good Morning Shinhan
Securities are our subsidiaries.
2. AGENDA ITEMS AND REFERENCE MATERIALS THEREOF:
AGENDA ITEM NO. 1. Approval of Financial Statements (balance sheets,
income statements and statements of appropriation of
retained earnings for fiscal year 2004 [January 1,
2004 ~ December 31, 2004])
- Please refer to Appendix 1 for financial statements of the Group
- Total Dividend Amount proposed by BOD
1) Common Stock: KRW 232,749 million (KRW 750 per share)
2) Preferred Stock: KRW 115,141 million
3) Total: KRW 347,890 million
3
AGENDA ITEM NO. 2 Appointment of Directors
The candidates for Directors are as follows:
------------------------------------------------------------------------------------------------------
NAME TENURE NEW APPOINTMENT
------------------------------------------------------------------------------------------------------
Pyung Joo Kim 1 year
-----------------------------------------------------------------------
Outside director Il Sup Kim 1 year
candidates with
professional expertise -----------------------------------------------------------------------
Sang Yoon Lee 1 year
-----------------------------------------------------------------------
Yoon Soo Yoon 1 year
-----------------------------------------------------------------------
Shee Yul Ryoo 1 year O
------------------------------------------------------------------------------------------------------
Byung Hun Park 1 year
-----------------------------------------------------------------------
Dong Hyun Kwon 1 year
Outside director -----------------------------------------------------------------------
candidates Young Hoon Choi 1 year O
-----------------------------------------------------------------------
Si Jong Kim 1 year O
--------------------------- -------------------------------------------
Philippe Reynieix 1 year
------------------------------------------------------------------------------------------------------
"Outside director candidates with professional expertise" means that these
candidates have academic knowledge and professional experiences in such
fields as economics, business administrations, accounting and laws.
For the personal profiles of the candidates, please refer to Appendix 2.
4
AENDA ITEM NO. 3 Appointment of Audit Committee Members
---------------------------------------------------------------------------------------------
NAME TENURE CURRENT POSITION NEW APPOINTMENT
---------------------------------------------------------------------------------------------
Il Sup Kim 1 year Outside Director
---------------------------------------------------------------------------------------------
Sang Yoon Lee 1 year Outside Director
---------------------------------------------------------------------------------------------
Dong Hyun Kwon 1 year Outside Director
---------------------------------------------------------------------------------------------
Si Jong Kim 1 year - O
---------------------------------------------------------------------------------------------
Young Seok Choi 1 year Non Executive Director
---------------------------------------------------------------------------------------------
Among the nominated outside director candidates, Il Sup Kim, Sang Yoon Lee, Dong
Hyung Kwon and Si Jong Kim were recommended as candidates of the audit committee
members of 2005 through the resolution of the audit committee meeting. Young
Seok Choi, who is non-executive director with 3 year tenure appointed in 2004,
was also nominated as a candidate for the audit committee member. For the
personal profiles of the candidates, please refer to Appendix 2.
AGENDA ITEM NO. 4 Approval of Limitation on Director Compensation Limitation on
the aggregate compensation to the directors: KRW4 billion in 2005
AGENDA ITEM NO. 5 Approval of Stock Option Grant to the Executives, Department
Heads, and Outside Directors
A. Grant of Stock Options to Executives of Shinhan Financial Group and its
Subsidiaries
1) Grantees: A total of 46 executives and officers of Shinhan Financial Group
and its subsidiaries (Shinhan Bank, Chohung Bank, Good Morning Shinhan
Securities, Shinhan Card, Shinhan Capital, and Shinhan Credit Information)
5
- See A.8 below for details
2) Number of options to be granted:
Stock options to purchase 1,196,000 shares in total
3) Exercise price: Minimum exercise price calculated in accordance with
Article 84.9 of the Enforcement Decrees of the Securities Exchange Act
* Determination of exercise price: Based on the arithmetic mean of the
three trading volume-weighted averages of closing prices during the
2-month, 1-month and 1-week periods counting backwards from the grant date
4) Date of grant: March 30, 2005
5) Exercise period: Exercisable during the 4 year period after the 3rd
anniversary from the grant date.
6) Method of payment: Shinhan Financial Group will, at its option, choose
between the following two methods
- to issue new shares at the exercise price; or
- to pay the grantees cash in an amount to the difference between the
market price of shares at the exercise date and exercise price.
7) Conditions for Exercise
(a) 50% of the volume granted
-Stock options are exercisable when both of the following two conditions
are met.
[Condition1]
Shinhan Financial Group's shareholder return(as defined below) is greater
than 90% of the "Big 3" stock index growth (as defined below)
* Shinhan Financial Group's shareholder return = [{Closing price of exercise
date (Note.1) + Dividends per share paid between grant date and exercise
date - Closing price of grant date (Note.2)}/{Closing price of grant date}]
x 100 (Note. 1, 2)
Closing price of the day of exercise and grant means the arithmetic mean of
the three trading volume-weighted averages of closing prices during the
2-month, 1-month and 1-week periods counting backwards from the day of
exercise and grant, as applicable.
* "Big 3" stock index growth means the average growth rate of stock prices
of the three major peer companies including Kookmin Bank, Hana Bank, and
Worri Finance Holdings.
6
[Condition2]
The sum of the net income of the relevant company (the company where the
applicable executive or officer works) during the grant year and the
following year should be greater than zero.
(b) The other 50% of the volume granted
- Exercisable volume shall be determined based on the achievement ROE
targets of the relevant company during the grant year and the
following year.
--------------------------------------------------------------------------------------------------
1 (for the grant year) 2 (for the following year)
--------------------------------------------------------------------------------------------------
Number of stock options Half of the 50% of Half of the 50% of
to be exercised (M) the total volume granted the total volume granted
--------------------------------------------------------------------------------------------------
Determination of Number of shares(M) X (actual ROE/target ROE)
exercisable number * Exercisable number of shares can not exceed "(M)"
--------------------------------------------------------------------------------------------------
7
8) Details of Stock Options Granted to Executives and Officers
--------------------------------------------------------------------------------------------------
COMPANY TITLE NAME NO. OF SHARES
--------------------------------------------------------------------------------------------------
Chairman Eung Chan Ra 100,000
---------------------------------------------------------------------------
President & CEO Young Hwi Choi 90,000
---------------------------------------------------------------------------
Senior Exe. VP Jae Woo Lee 20,000
SFG ---------------------------------------------------------------------------
Senior Exe. VP Chil Sun Hong 20,000
---------------------------------------------------------------------------
Senior Exe. VP Byung Jae Cho 20,000
---------------------------------------------------------------------------
Senior Exe. VP Baek Soon Lee 20,000
--------------------------------------------------------------------------------------------------
President Sang Hoon Shin 80,000
---------------------------------------------------------------------------
Standing Auditor Jao Ho Cho 20,000
---------------------------------------------------------------------------
Dep. President Gwang Lim Yoon 20,000
---------------------------------------------------------------------------
Dep. President Min Ky Han 20,000
---------------------------------------------------------------------------
Dep. President Do Heui Han 20,000
---------------------------------------------------------------------------
Shinhan Bank Dep. President Jin Won Suh 20,000
---------------------------------------------------------------------------
Dep. President Shin Keun Yang 20,000
---------------------------------------------------------------------------
Dep. President Sang Young Oh 20,000
---------------------------------------------------------------------------
Dep. President Hyu Won Lee 20,000
---------------------------------------------------------------------------
Dep. President Sang Woon Choi 20,000
---------------------------------------------------------------------------
Dep. President Eun Sik Kim 20,000
--------------------------------------------------------------------------------------------------
President Dong Soo Choi 80,000
---------------------------------------------------------------------------
Standing Auditor Jee Hong Yoo 20,000
---------------------------------------------------------------------------
Dep. President Bhang Gil Choi 20,000
---------------------------------------------------------------------------
Dep. President Hee Soo Kim 20,000
---------------------------------------------------------------------------
Dep. President Kwang Yub Chung 20,000
---------------------------------------------------------------------------
Dep. President Hong Hee Chae 20,000
Chohung Bank ---------------------------------------------------------------------------
Dep. President Yong Uk O 20,000
---------------------------------------------------------------------------
Dep. President Jeong Woo Chang 20,000
---------------------------------------------------------------------------
Dep. President Jae Yoo Kim 20,000
---------------------------------------------------------------------------
Dep. President In Joon Chaey 20,000
---------------------------------------------------------------------------
Dep. President Chang Seong Moon 20,000
---------------------------------------------------------------------------
Dep. President Sung Yoon Kim 20,000
--------------------------------------------------------------------------------------------------
President Sung Kyun Hong 40,000
---------------------------------------------------------------------------
Standing Auditor Tea Kyu Lee 15,000
Shinhan ---------------------------------------------------------------------------
Card Dep. CEO Sung Won Kim 15,000
---------------------------------------------------------------------------
Acting Dep. CEO Woo Yeop Shim 12,000
---------------------------------------------------------------------------
Acting Dep. CEO Moon Han Kim 12,000
--------------------------------------------------------------------------------------------------
Good Morning Vice Chairman Woo Keun Lee 40,000
Shinhan ---------------------------------------------------------------------------
Securities CEO Kang Won Lee 40,000
---------------------------------------------------------------------------
Standing Auditor Sung No Lee 15,000
---------------------------------------------------------------------------
Deputy CEO Hyeon Jae Han 15,000
---------------------------------------------------------------------------
8
--------------------------------------------------------------------------------------------------
COMPANY TITLE NAME NO. OF SHARES
--------------------------------------------------------------------------------------------------
Deputy CEO Chae Young Jung 15,000
---------------------------------------------------------------------------
Deputy CEO Seok Joong Kim 15,000
---------------------------------------------------------------------------
Deputy CEO Jin Kook Lee 15,000
---------------------------------------------------------------------------
Deputy CEO Yoo Shin Jung 15,000
--------------------------------------------------------------------------------------------------
President Dong Girl Lee 40,000
---------------------------------------------------------------------------
Shinhan Vice President Sang Dae Kim 15,000
Capital ---------------------------------------------------------------------------
Acting Vice President Seung Keun Oh 12,000
--------------------------------------------------------------------------------------------------
Shinhan
Credit CEO Boem Seong Shin 15,000
Information
--------------------------------------------------------------------------------------------------
Total 1,196,000
--------------------------------------------------------------------------------------------------
B. Grant of Stock Options to Department Heads of Shinhan Financial Group and its
Subsidiaries
1) Grantees: Department heads of Shinhan Financial Group and its subsidiaries
2) Number of options to be granted: Stock options to purchase up to 1,500,000
shares in total. Specific number of options granted to each individual
will be determined in consideration of the evaluation results of the
relevant individual as well as the company where such individual works.
* The board of directors of Shinhan Financial Group has entrusted the CEO
with the authority to decide the grantees and the numbers of options to be
granted to each individual and the decision will be approved by the annual
general shareholders' meeting on March 30, 2005.
3) Exercise price: Minimum exercise price calculated in accordance with
Article 84.9 of the Enforcement Decree of Securities Exchange Act
4) Date of grant: March 30, 2005
5) Exercise period: Exercisable during the 4 year period after the 3rd
anniversary from the grant date.
6) Method of payment: Shinhan Financial Group will, at its option, choose
between the following two methods
- to issue new shares at the exercise price; or
- to pay the grantees cash in an amount to the difference between the
market price of shares at the exercise date and exercise price.
7) Conditions for Exercise
The sum of the net income of the relevant company (the company where the
9
applicable employee works) during the grant year and the following year
should be greater than zero.
C. Grant of Stock Options to Outside Directors of Shinhan Financial Group
1) Grantees: 5 outside directors with professional expertise
* The stock options will be granted to outside directors with professional
expertise to be appointed at the general shareholders meeting on March
30, 2005.
2) Number of options to be granted: 10,000 shares for each, 50,000 shares in
total
3) Exercise price: Minimum exercise price calculated in accordance with
Article 84.9 of the Enforcement Decree of Securities Exchange Act
4) Date of grant: March 30, 2005
5) Exercise period: Exercisable during the 4 year period after the 3rd
anniversary from the grant date.
6) Method of payment: Shinhan Financial Group will, at its option, choose
between the following two methods
- to issue new shares at the exercise price; or
- to pay the grantees cash in an amount to the difference between the
market price of shares at the exercise date and exercise price.
7) Conditions for exercise
Same as those for stock options granted to Executives.
10
APPENDIX 1. FINANCIAL STATEMENTS OF SHINHAN FINANCIAL GROUP
1) BALANCE SHEETS
SHINHAN FINANCIAL GROUP CO., LTD AND SUBSIDIARIES
Non-Consolidated Balance Sheets
December 31, 2004 and December 31, 2003
(In million of KRW)
Year 2004 Year 2003
----------------------- -----------------------
Assets
I. Cash & Due from Banks 31,145 5,353
1. Due from Banks 31,145 5,353
II. Securities 8,262,439 5,714,392
(1) Equity Securities Accounted for by the Equity Method 8,262,439 5,714,392
1. Stocks 8,262,439 5,714,392
III. Loans 1,749,955 1,935,180
Allowance for Possible Loan Losses (-)8,794 (-)9,725
1. Loans in Won 1,550,000 1,637,200
2. Loans in Foreign Currency 135,609 107,705
3. Privately Placed Bonds 73,140 200,000
IV. Fixed Assets 2,164 2,020
(1) Premises and Equipment 1,302 1,606
1. Vehicles 425 391
Accumulated Depreciation 278 147 177 214
2. Equipment 1,168 993
Accumulated Depreciation 760 408 549 444
3. Other 1,493 1,404
Accumulated Depreciation 746 747 456 948
(2) Intangible Assets 862 414
1. Other 862 414
V. Other Assets 26,949 43,340
1. Guarantee Deposits 7,840 7,840
2. Accounts Receivable 6,234 7,612
3. Accrued Income 11,044 11,334
4. Advance Payments 10 10
5. Prepaid Expenses 12 1,667
6. Prepaid Income Taxes -- 13,867
7 . Sundry Assets 1,809 1,010
Total Assets 10,072,652 7,700,285
Liabilities
I. Borrowings 154,380 165,868
1. Borrowings in Won 50,000 94,000
2. Borrowings in Foreign Currency 104,380 71,868
11
Year 2004 Year 2003
----------------------- -----------------------
II. Debentures 1,948,102 1,980,543
1. Debentures in Won 1,920,000 1,950,000
Discounts 3,191 1,916,809 5,331 1,944,669
2. Debentures in Foreign Currency 31,314 35,934
Discounts 21 31,293 60 35,874
III. Other Liabilities 222,561 30,464
1. Taxes Withheld 464 1,176
2. Dividends Payable 937 928
3. Accounts Payable 180,980 14,492
4. Accrued Expenses 14,627 12,189
5. Income Taxes Payable 25,329 --
6. Unearned Revenues -- 1,679
7. Accrued Severance Benefits 776 530
Deposits with Insurance Company for Severance
Benefits 552 224 530 --
Total Liabilities 2,325,043 2,176,875
Stockholders' Equity
I. Capital Stock 2,083,118 1,958,530
1. Common Stock 1,596,595 1,472,007
2. Preferred Stock 486,523 486,523
II. Capital Surplus 3,718,623 3,316,380
1. Paid-in Capital in excess of Par Value 3,718,564 3,316,380
2. Other Capital Surplus 59 --
III. Retained Earnings 1,608,185 865,391
1. Legal Reserve 118,692 82,469
2. Retained Earnings Before Appropriation 1,489,493 782,922
IV. Capital Adjustment 337,683 (-)616,891
1. Valuation Gain on Equity Securities 383,437 13,871
Accounted for by the Equity Method
2. Valuation Loss on Equity Securities
Accounted for by the Equity Method (-)53,932 (-)640,388
3. Stock Options 8,178 9,626
Total Stockholders' Equity 7,747,609 5,523,410
Total Liabilities and Stockholders' Equity 10,072,652 7,700,285
12
2) INCOME STATEMENTS
SHINHAN FINANCIAL GROUP CO., LTD AND SUBSIDIARIES
Non-Consolidated Statements of Income
Year ended December 31, 2004 and December 31, 2003
(In million of KRW)
Year 2004 Year 2003
----------------------- -----------------------
I. Operating Revenues 1,224,147 617,074
(1) Gain using the Equity Method of Accounting 1,108,952 519,287
(2) Interest Income 114,264 97,787
1. Interest on Due from Banks 640 631
2. Interest on Loans 102,213 83,720
3. Interest on Privately Placed Bonds 11,411 13,436
(3) Other Operating Revenues 931 --
1. Reversal of Allowance for Possible Loan Losses 931 --
II. Operating Expenses 147,638 251,366
(1) Loss using the Equity Method of Accounting 212 129,886
(2) Interest Expenses 122,967 92,616
1. Interest on Borrowings 8,522 11,020
2. Interest on Debentures 113,816 81,362
3. Other 629 234
(3) Commission Expenses 235 4,962
(4) Selling and Administrative Expenses 24,224 23,902
1. Salaries 13,363 9,821
2. Retirement Allowance 505 140
3. Employee Benefits 866 601
4. Rent 497 142
5. Entertainment 663 1,455
6. Depreciation 652 568
7. Amortization on Intangible Assets 111 109
8. Bad Debt -- 5,879
9. Taxes and Dues 835 361
10. Advertising 28 22
11. Commissions 3,600 1,374
12. Other 3,104 3,430
III. Operating Income 1,076,509 365,708
IV. Non-Operating Income 18,989 425
1. Gain on Foreign Currency Translation 18,141 231
2. Gain on Foreign Currency Transaction 8 3
13
Year 2004 Year 2003
----------------------- -----------------------
3. Miscellaneous 840 191
V. Non-Operating Expenses 28,171 3,145
1. Loss on Foreign Currency Translation 18,132 231
2. Loss on Foreign Currency Transaction 2 2
3. Loss on Sale of Equity Securities -- 1,725
4. Loss on Available-for-Sale Securities -- 166
5. Contribution 13 34
6. Supplementary Payment of income taxes 10,024 --
7. Miscellaneous -- 987
VI. Ordinary Income 1,067,327 362,988
VII. Extraordinary Gain or Loss -- --
VIII. Income Before Income Tax Expenses 1,067,327 362,988
IX. Income Tax Expenses 17,032 --
X. Net Income for the Period 1,050,295 362,988
3) STATEMENTS OF APPROPRIATION OF RETAINED EARNINGS
NON-CONSOLIDATED STATEMENTS OF APPROPRIATIONS OF RETAINED EARNINGS
Year ended December 31, 2004 and December 31, 2003
(In million of KRW)
Year 2004 Year 2003
----------------------- -----------------------
I. Retained Earnings Before Appropriation 1,489,493 782,922
1. Unappropriated Retained Earnings carried
over from prior years 504,585 432,569
2. Change in Retained Earnings of Subsidiaries (-)65,387 (-)10,848
3. Cumulative Effect of Change in Accounting
Principles -- (-)1,787
4. Net Income for the Period 1,050,295 362,988
II. Appropriation of Retained Earnings 452,920 278,337
1. Legal Reserve 105,030 36,223
2. Dividends 347,890 242,114
(1) Cash Dividends on Common Stock 232,749 158,717
(2) Cash Dividends on Preferred Stock 115,141 83,397
III. Unappropriated Retained Earnings
carried over to subsequent year 1,036,573 504,585
14
APPENDIX 2.
PERSONAL PROFILES: CANDIDATES FOR DIRECTORS AND AUDIT COMMITTEE MEMBERS
YOUNG SEOK CHOI
1. Date of Birth: July 2, 1929
2. Current Position: President, C.Y.S. Ltd.
3. Education: BA in Commerce, Meiji University, Japan (1959)
4. Working Experience
-- Nov. 1993: President, C.Y.S. Ltd. (current), Founding Director,
AERTH 21
-- Jun. 1993: Advisor to the Peace Unification Advisory Group
-- Feb. 1995: Director, Shinhan Bank
-- Mar. 2003: Director, Shinhan Financial Group (current)
PYUNG JOO KIM
1. Date of Birth: February 6, 1939
2. Current Position: Visiting Professor, KDI School of Public Policy and
Management
3. Education: Ph. D in Economics, Princeton University, U.S.A.
(1976)
4. Working Experience
-- Sep. 1983: Dean, College of Commerce, Sogang University
-- Nov. 1990: Dean, Graduate School of Economics & Policies,
Sogang University
-- Oct. 1999: Dean, Graduate School of International Studies,
Sogang University
-- Mar. 2004: Professor Emeritus, Sogang University (current)
IL SUP KIM
1. Date of Birth: July 1, 1946
2. Current Position: President, Kwangang Accounting Corporation
3. Education: Ph.D., Business Administration, Seoul National
University (1991)
4. Working Experience
-- 1977~1981: Director of international affairs, KICPA
-- 1985~1993: Head of Seoul Consulting Inc., Samil Consulting &
Research Inc. and Samil Coopers & Lybrand
Consulting Inc.
-- 1990~1997: Member of the Advisory Committee on Accounting
Establishment, Securities Supervisory Board
-- 1993~1994: Chairman of the Auditing Research Committee, KICPA
-- 1994~1998: Vice President of the KICPA in charge of
international affairs
-- 1995: Vice president of the Korean Accounting Association
-- 1997~1998: Member of the Accounting Standards Deliberation
Committee, Securities Supervisory Board
-- 2002~2004: Vice President of Ewha Womans University
15
SANG YOON LEE
1. Date of Birth: September 13, 1942
2. Current Position: Representative Director and President, Nongsim Ltd.
3. Education: BA in Commerce, Seoul National Univ. (1966)
4. Working Experience
-- Jul. 1968: Goldenbell Commerce
-- Jan. 1971: Lotte Industry Ltd. (currently Nongsim Ltd.)
-- Mar. 1978: Director, Nongsim Ltd.
-- Jan. 1986: Senior Executive Director, Head of Sales Division,
Nongsim Ltd.
-- Sep. 1994: Representative Director and President, Nongsim Ltd.
-- Oct. 1997: Representative Director & Vice Chairman, Nongsim Ltd
-- Jan. 2001: Representative Director and President, Nongsim Ltd.
(current)
-- Feb. 2001: Non-statutory Vice-Chairman, Korea Food Industry
Association (current)
YOON SOO YOON
1. Date of Birth: March 5, 1946
2. Current Position: Chairman/CEO of FILA Korea Ltd.
3. Education: BA in Political Science & Diplomacy,
Hankuk University of Foreign Studies (1974)
4. Working Experience
-- 1973 ~ 1975 A Shipping Public Corporation
-- 1975 ~ 1981 JC Penney
-- 1981 ~ 1984 Hwasung Co., Ltd (Export Director)
-- Mar. 1984 President of Care Line Corp. (current)
-- Jun. 1991 Chairman/CEO of FILA Korea Ltd.(current)
SHEE YUL RYOO (NEW CANDIDATE)
1. Date of Birth: September 5, 1938
2. Current Position: Advisor, Shin & Kim
3. Education: LLB, Seoul National University (1961)
4. Working Experience
-- Jan. 1995: Vice President, Bank of Korea
-- Mar. 1997: President, Korea First Bank
-- Nov. 1999: Chairman, The Korea Federation of Banks
-- Apr. 2001: Steering Committee Member, Korea Center for
International Finance (current)
-- Dec. 2002: Advisor, Shin & Kim (current)
16
BYUNG HUN PARK
1. Date of Birth: September 10, 1928
2. Current Position: Chairman, Daeseong Precisions Ltd (current)
3. Education: BA in Economics at Meiji University, Japan (1953)
4. Working Experience
-- Aug. 1982 Director, Shinhan Bank
-- Mar. 1985 President, HQ of Korean Residents' Union in Japan
-- Mar. 1985 Honorary Chairman, '88 Seoul Olympics Sponsor Group
-- Mar. 1989 Chairman, Daeseong Electronics Ltd (current)
-- Dec. 1989 President, Seongsang Co Ltd (current)
-- Mar. 1990 Statutory Advisor, HQ of Korean Residents' Union
in Japan (current)
-- Jun. 1990 Honorary Chairman, Overseas Korean Representatives
-- Aug. 2001 Outside Director, Shinhan Financial Group (current)
DONG HYUN KWON
1. Date of Birth: November 27, 1936
2. Current Position: Chairman, Aichi Commerce (current)
3. Education: Tsukyo Commercial High School(1954)
4. Working Experience
-- Apr. 1977 President, King Tour Ltd.
-- Jun. 1984 Director, Aichi Commerce
-- Aug. 1986 President, Douwa tour Ltd. Japan
-- 1991 Advisor to the Peace Unification Advisory Group
-- 1991 Vice-Chairman, Korean Motherland Investment
Association
-- Jun. 1993 Advisor, Aichiken Korean Commerce Chamber
-- Feb. 1997 Outside Director, Shinhan Bank
-- Jun. 2000 Chairman, Aichi Commerce (current)
-- Mar. 2004 Outside Director, Shinhan Financial Group
(current)
YOUNG HOON CHOI (NEW CANDIDATE)
1. Date of Birth: November 8, 1928
2. Current Position: Chairman, Eishin Group
3. Education: LLB in Law, Ritsumeikan University, Japan (1953)
4. Working Experience
-- Apr. 1953 CEO, New Metro, Japan
-- Aug. 1982 Non Executive Director, Shinhan Bank.
17
SI JONG KIM (NEW CANDIDATE)
1. Date of Birth: April 16, 1937
2. Current Position Standing Advisor, Kanagawa Division, Korean
Residents' Union in Japan (current)
3. Education: Sigaken Yashu High School (1955)
4. Working Experience
-- May. 1982 Director, Yokohama Shogin
-- Apr. 1987 Director, Korea Chamber of Office in Kanagawa, Japan
-- April 1991 Vice president, Korean Residents' Union in Japan
-- April 1997 Standing Advisor, Kanagawa Division, Korean
Residents' Union in Japan (current)
PHILIPPE REYNIEIX
1. Date of Birth: June 24, 1949
2. Current Position: CEO & GM for Korea, BNP Paribas, Seoul
3. Education: Master of Business Law (with award), Paris II Univ.
(1973)
4. Working Experience
-- 1974 - 1977: Assistant Professor at the Law School in Dakar,
Senegal
-- 1977 - 1984: B.I.A.O. (International Bank for West Africa)
-- 1984 - 1986: Head of Credit & Marketing, Paribas, Gabon
-- 1986 - 1990: Deputy General Manager, Paribas, Seoul
-- 1990 - 1994: Deputy Head of Corporate Banking,
Asia Pacific Division Paribas, Paris
-- 1994 - 2000: Country Manager, Singapore,
Regional Head of Corporate Banking for S.E.
Paribas, Singapore
-- 2000 - 2002: Chief Operating Officer BNP Paribas, Singapore
-- July 2002 CEO & GM for Korea BNP Paribas, Seoul (current)
18
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
----------------------------------------
Name: Byung Jae Cho
Title: Chief Financial Officer
Date: March 11, 2005
19