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 April 2004
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-_______.
2004 1ST QUARTER OPERATING RESULTS
On April 26, 2004, Shinhan Financial Group announced its operation results
for the 1st quarter of 2004. Followings are the key figures we announced through
a fair disclosure to the Korea Stock Exchange. Full IR presentation material is
available at our website (www. shinhangroup.com).
The financial information in this report has been prepared in accordance
with accounting principles generally accepted in Korea and have not been fully
reviewed by our independent auditor yet, and therefore they are subject to
changes in the due course of review process.
Operation results of Shinhan Financial Group
(in millions of KRW)
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1st quarter, 4th quarter, % change 1st quarter % change
2004 2003 (QoQ) 2003 (QoQ)
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Operating Revenue 3,353,221 3,078,037 8.9% 1,525,674 119.8%
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Operating Income 312,500 401,326 -22.1% 124,749 150.5%
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Ordinary Income 276,364 190,121 45.3% 102,705 169.1%
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Net Income 146,070 104,756 39.4% 56,416 158.9%
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Net Income of Major Subsidiaries
(in millions of KRW)
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1st quarter, 4th quarter, % Change 1st quarter % Change
2004 2003 (QoQ) 2003 (QoQ)
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Shinhan Bank 253,408 162,948 55.5% 93,472 171.1%
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Chohung Bank 36,120 -207,573 - 62,404 -42.1%
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Good Morning Shinhan
Securities 24,098 5,272 357.1% -20,022 -
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Shinhan Card -5,190 16,547 - -34,151 -
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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 : April 26, 2004