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 May 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-_______.
DETERMINATION OF EXERCISABLE NUMBER OF STOCK OPTIONS GRANTED TO THE MANAGEMENT
OF SHINHAN FINANCIAL GROUP AND ITS SUBSIDIARIES
On May 21, 2004, the exercisable number of stock options granted on May 22, 2002
to the management of Shinhan Financial Group and its subsidiaries was determined
as terms of the exercise conditions were finalized. The original number of stock
options granted to the management was 530,000 and the exercisable number
determined pursuant to the conditions was 406,967.
The following is detailed information regarding the exercisable number of stock
options.
Number of shares Number of exercisable
Grantee Originally granted on option determined on
May 22, 2002 May 21, 2004
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Shinhan Ra, Eung-Chan 100,000 94,416
Financial Choi, Young Hwi 50,000 47,208
Group Shin, Sang Hoon 30,000 28,325
Choi, Bhang-Gil 20,000 18,883
Shinhan Lee, In-Ho 80,000 32,162
Bank Moon, Hong Soon 20,000 17,426
Oh, Young-Kook 20,000 8,041
Lee, Jae Woo 20,000 18,873
Nam, Kee Do 20,000 8,041
Huh, Joong Ok 20,000 15,564
Kim, Sahng-Dae 20,000 18,873
Jang, Myoung-Kee 20,000 14,918
Youn, Gwang Lim 20,000 18,873
Shin, Christopher 15,000 11,673
Lee, Dae Woon 15,000 11,673
Shinhan Lee, Dong Girl 30,000 26,953
Capital Son, Woong Man 10,000 3,828
Hwang, Jung Hun 10,000 3,828
Jung, Yun Kang 10,000 7,409
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Total 530,000 406,967
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SMALL-SCALE SHARE SWAP APPROVED BY CHOHUNG BANK'S SHAREHOLDERS' MEETING
On May 24, 2004, Chohung Bank, one of our bank subsidiaries, held an
extraordinary shareholders' meeting and approved the small-scale share swap with
Shinhan Financial Group. With the consummation of share swap, Chohung Bank will
be our wholly-owned subsidiary. For the detailed information of the small-scale
share swap, please refer to our Form 6-K disclosure filed on April 13, 2004.
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: May 24, 2004