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 July 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 ____
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-_______.
2004 1ST HALF OPERATING RESULTS
On July 29, 2004, Shinhan Financial Group announced its operation results
for the 1st half of 2004 at Korea Stock Exchange. 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 (HoH)
(in millions of KRW)
1st half 2nd half, % change 1st half % change
2004 2003 (HoH) 2003 (HoH)
--------------------------- -------------- --------------- -------------- -------------- -------------
Operating Revenue 6,380,578 5,070,879 25.83% 3,001,198 112.60%
--------------------------- -------------- --------------- -------------- -------------- -------------
Operating Income 731,744 605,910 20.77% 179,876 306.80%
--------------------------- -------------- --------------- -------------- -------------- -------------
Ordinary Income 633,313 425,056 49.00% 205,923 207.55%
--------------------------- -------------- --------------- -------------- -------------- -------------
Net Income 470,368 260,602 80.49% 102,386 359.41%
--------------------------- -------------- --------------- -------------- -------------- -------------
Operation results of Shinhan Financial Group (QoQ)
(in millions of KRW)
2nd quarter 1st quarter, % change 2nd quarter % change
2004 2004 (QoQ) 2003 (QoQ)
--------------------------- -------------- --------------- -------------- ---------------- -----------
Net Income 324,297 146,071 122.0% 45,969 605.5%
--------------------------- -------------- --------------- -------------- ---------------- -----------
Net Income of Major Subsidiaries
(in millions of KRW)
1st half 2nd half, % change 1st half % change
2004 2003 (HoH) 2003 (HoH)
--------------------------- -------------- --------------- -------------- -------------- ---------------
Shinhan Bank 477,208 324,322 47.1% 151,701 214.6%
--------------------------- -------------- --------------- -------------- -------------- ---------------
Chohung Bank 127,508 -546,669 N/A -419,282 N/A
--------------------------- -------------- --------------- -------------- -------------- ---------------
Good Morning Shinhan
Securities -3,879 -16,141 N/A -73,683 N/A
--------------------------- -------------- --------------- -------------- -------------- ---------------
Shinhan Card 32,510 12,205 166.4% 23,609 37.7%
--------------------------- -------------- --------------- -------------- -------------- ---------------
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 : July 29, 2004