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SHINHAN BANK

Jan 20, 2020 351

HISTORY:

Shinhan Bank (Swift SHBKKRSE, Digital 088), a bank, headquartered in Seoul, Korea. Historically, it was the first bank in Korea, which was established under the Bank Hanseong name in 1897. It was re-established in 1982. The bank is part of the Shinhan Financial Group, along with the Bank of Jeju. Chohung Bank merged with Shinhan Bank on April 1, 2006.

Bank Shinhan started small with a capital of 25 billion won, 0.279 employees, and three branches in the July 7, 1982. venture Today, she became one of the big banks and has a total assets of 176.9 trillion won, the capital of the hit trillion won 9.7 0.10741 employees, and 1,026 branches as of 2006. Total deposits and net income to 105.3 trillion won and 1.4 trillion won, respectively. Shinhan Bank is a descendant of the bank Hanseong, the first modern bank in Korea. It was founded by Kim Jong-Han in 1897, but he started running around the year 1900 was originally located in a small house with only two rooms. It was one room to the President, Yi Jae-won, were the other room for the staff. Bank run by borrowing funds from Japanese banks at low interest rates and then loaned it to double the rate to the Korean market. The bank was so successful that in spite of lending money at a rate twice that they borrowed, the interest rates in the bank is still far less than could be obtained in any other place in Korea at the time.

In anecdotal story to use as collateral for a loan it happens to be a donkey the first property of the bank. It was challenged the bank's staff to feed and care for their security as the loan out.

 

Chairman: Dong Woo Han