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 January 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 January 18, 2005, we, Shinhan Financial Group, approved the extension of
a loan in the aggregate principal amount of KRW 100,000,000,000 to Shinhan Card,
our wholly-owned credit card subsidiary. The loan origination date is January
18, 2005. We will fund this loan through the issuance of commercial papers in
the domestic market on January 18, 2005. The loan will have a maturity of 13
days and the interest rate will be our domestic funding rate plus 20 basis
points. Shinhan Card will use the proceeds to release its temporary liquidity
needs. As of January 18, 2005, total loans outstanding to Shinhan Card from us
are amounting to KRW 1,150,000,000,000.
* SUMMARY OF THE TRANSACTION:
1. Name of the Subsidiary (debtor) : Shinhan Card
2. Aggregate Principal Amount of the Loan : KRW 100,000,000,000
3. Loan Origination Date : January 18, 2005
4. Total Loans to Shinhan Card : KRW 1,150,000,000,000
(as of January 18, 2005)
5. Maturity : 13 days
6. Interest Rate : Our domestic funding rate plus
20 basis points
7. Use of Proceeds : releasing temporary liquidity
needs
8. Date of Approval : January 18, 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 : January 18, 2005