Shinhan Financial Group Co., Ltd.

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.