Shinhan Financial Group Co., Ltd.
SEO:055550 ISIN:KR7055550008
Shinhan Financial Group Co. Ltd. is a financial holding company in Korea. As of December 31, 2007, it had 12 subsidiaries offerings a range of financial products and services, including commercial banking, corporate banking, private banking, asset management, brokerage and insurance services. As of December 31, 2007, Shinhan Bank had 1,035 branches in Korea. As of March 31, 2008, Shinhan Bank had 348 retail branches located near Seoul and its metropolitan area. It provides financial services such as commercial banking, other banking services, such as trust account management services, credit card services, securities brokerage services, insurance services, asset management services and other services. On March 23, 2007, it acquired LG Card. On June 2, 2008, Shinhan Bank acquired a 55.9% equity interest in AITAS Co., Ltd.
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Most Asian stocks tumbled massively yesterday as the Obama government suggested a bankruptcy for the struggling US car makers. Most major indices in Asia opened higher on Tuesday despite sharp loss on Wall Street, largely due to optimism of the local economy and corporate performance.
Asian markets ended mixed Tuesday as and financial stocks gained but property developers lost ground on a weak outlook for prices.
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