Message from the Chair
Dear Valued Shareholders,
Thanks to your unwavering support, we successfully concluded the 24th Annual General Meeting of Shareholders. I extend my sincere gratitude to all who have offered steadfast encouragement and constructive advice. We will continue to engage in sincere communication and place your insights at the heart of our management philosophy.
The Board of Directors of Shinhan Financial Group is committed to transparent and accountable governance under a strategic direction that enhances corporate value through customer-centric management and strong internal controls, while reinforcing our role as a corporate citizen that grows alongside society and the environment.
To begin with, we are actively implementing our ‘Value-up Plan’ aimed at maintaining a CET1 ratio of over 13%, achieving an ROE of 10%, and a shareholder return ratio of 50% by 2027. Our focus will be on improving profitability through capital efficiency and optimization of risk-weighted assets.
Moreover, we have completed the development of the Responsibilities Map that clearly defines the internal control duties and accountabilities of CEOs and executives across the holding company and its key subsidiaries—including banking, credit card, securities, and insurance. Beginning this year, the Responsibilities Map will be fully implemented. To ensure its effectiveness, the Board has established an Internal Control Committee, which will consistently monitor that internal controls are not only implemented in practice but also embedded as a strong part of our organizational culture.
In addition, we are actively responding to climate change through green finance and are striving to provide opportunities and support for young people and socially disadvantaged groups so that they may grow as integral members of our society.
As a result of the 24th Annual General Meeting of Shareholders, we welcomed two new directors to our Board: Mr. Yang In Jib and Ms. Chun Myo Sang. Following last year’s appointments, we have further strengthened the collective expertise of the Board by appointing directors with field-level experience. Furthermore, the percentage of female directors has increased to 36%, marking meaningful progress toward a more diverse and inclusive decision-making structure.
Mr. Yang, a seasoned executive in the IT industry, is expected to provide fresh insights into the Group’s digital initiatives. Ms. Chun, a certified public accountant, will contribute professional guidance in the areas of internal control and financial transparency.
Our Board will continue to collaborate closely with the management team, striving to earn your trust and meet your expectations through a strong foundation of sound corporate governance. We kindly ask for your continued interest and support on our journey.
Wishing you warmth and well-being in every aspect of your daily life.
Sincerely,
March 2025
Jaewon Yoon
Chair of the Board
Shinhan Financial Group
Members of
Board of Directors
-
Jaewon Yoon
Independent Director (Chair)
- Professor, College of Business Administration, Hongik University (current)
- Vice Chairman, Korean Academic Society of Taxation (current)
- Non-executive member of the Accounting Standards Board of the Korea Accounting Institute (current)
Date of appointment : Mar. 26, 2025
(Term in office 1year) -
Okdong Jin
Executive Director (CEO)
- CEO, Shinhan Financial Group (current)
- CEO, Shinhan Bank
- Deputy President, Shinhan Financial GroupDate of appointment: Mar. 23, 2023
(Term in office 3years) -
Sukeun Kwak
Independent Director
- Professor Emeritus, Seoul National University, Business School (current)
- Chair, Corporate Governance Advisory Committee, Korea Listed Companies Association (current)
- Chair, Corporate Citizenship Committee, POSCO (current)
- Chairman, Korea Entrepreneurship Foundation (Current)Date of appointment : Mar. 26, 2025
(Term in office 1year) -
Joseol Kim
Independent Director
- Professor Emeritus, Shinshu University of Economics (current)
- Professor, Osaka University of Commerce Department of Economics (current)
- Standing Director and President, Northeast Asian Society (current)Date of appointment: Mar. 26, 2025
(Term in office 1year) -
Hoon Bae
Independent Director
- Certified Public Accountant of Japan
- Representative Attorney, Orbis Legal Profession Corporation (current)
- Co-President, LAZAK (Lawyers Association of Zainichi Korea)Date of appointment: Mar. 26, 2025
(Term in office 1year) -
Seongjoo Song
Independent Director
- Professor, Statistics, Purdue University (current)
- Director of the Korea Risk Management Society (current)
- Member of KRX CCP Risk Management Committee (current)Date of appointment: Mar. 26, 2024
(Term in office 2years) -
Injip Yang
Independent Director
- CEO, ONYCOM Co.,Ltd(Current)
- Head of Global Business, HITEJINRO Co.,Ltd
- Chair, Korean Enterprises AssociationDate of appointment: Mar. 26, 2025
(Term in office 2years) -
Yongguk Lee
Independent Director
- Cleary Gottlieb Steen & Hamilton LLP New York·Hong kong office Partner/Seoul office Representative /Senior Counsel(current)
- Adjunct Professor, Seoul National University, School of Law (current)
Date of appointment: Mar. 26, 2025
(Term in office 1year) -
Myosang Chun
Independent Director
- Head of Planning and Administration, SmartNews, Inc. (Current)
- Researcher and Accounting Advisor, Development Bank of Jpan Inc.
- Manager, KPMG FASDate of appointment: Mar. 26, 2025
(Term in office 2years) -
Younggwon Choi
Independent Director
- Adjunct Professor, Sogang University, Business School (current)
- CIO, Government Employees Pension Service
- CEO, Woori Asset ManagementDate of appointment: Mar. 26, 2024
(Term in office 2years) -
Sanghyuk Jung
Non-Executive Director
- CEO, Shinhan Bank (current)
- Deputy President, Shinhan BankDate of appointment: Mar. 26, 2025
(Term in office 2years)
