SHINHAN FINANCIAL GROUP CO LTD (SHG) Form 6-K — Oct 13, 2026
Shinhan Financial Group's board resolved on October 13, 2026 to acquire 239,082,287 common shares, or 77.04%, of Lotte Non-Life Insurance for approximately KRW 693.3 billion in cash, making the insurer a subsidiary. The purchase price equals just 1.15% of Shinhan's consolidated equity capital of about KRW 60.4 trillion, so the deal is financially manageable but strategically significant as the group diversifies into non-life insurance to enhance competitiveness.
Key figures
- Shares Outstanding
- 239,082,287 shares of Lotte Non-Life Insurance to be acquired
- Stake acquired
- 77.04%
- Acquisition method
- cash
- Equity capital krw
- 60372324867921
- Acquisition amount krw
- 693338632300
- Ratio to equity capital
- 1.15%
- Lotte non life net income fy2025 mil krw
- 51331
- Lotte non life total assets fy2025 mil krw
- 14410299
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