Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2021shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2021 |
Document Fiscal Year Focus | 2021 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | Shinhan Financial Group Co., Ltd. |
Entity Central Index Key | 0001263043 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 516,599,554 |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Document Annual Report | true |
Entity Voluntary Filers | No |
Entity Interactive Data Current | Yes |
Document Transition Report | false |
Document Shell Company Report | false |
Document Registration Statement | false |
ICFR Auditor Attestation Flag | true |
Entity File Number | 001-31798 |
Entity Incorporation, State or Country Code | M5 |
Entity Address, Address Line One | 20, Sejong-daero 9-gil, Jung-gu |
Entity Address, City or Town | Seoul |
Entity Address, Postal Zip Code | 04513 |
Entity Address, Country | KR |
Document Accounting Standard | International Financial Reporting Standards |
Auditor Name | Samil PricewaterhouseCoopers |
Auditor Firm ID | 1103 |
Auditor Location | Republic of Korea |
Business Contact [Member] | |
Document Information [Line Items] | |
Entity Address, Address Line One | 20, Sejong-daero 9-gil, Jung-gu |
Entity Address, City or Town | Seoul |
Entity Address, Postal Zip Code | 04513 |
Entity Address, Country | KR |
Contact Personnel Name | Park Cheolwoo |
Contact Personnel Email Address | cheol.park@shinhan.com |
Contact Personnel Fax Number | 822 6360 3098 |
City Area Code | 822 |
Local Phone Number | 6360 3129 |
ADS [Member] | |
Document Information [Line Items] | |
Trading Symbol | SHG |
Security 12b Title | American depositary shares |
Security Exchange Name | NYSE |
Common stocks [Member] | |
Document Information [Line Items] | |
Trading Symbol | SHG |
Security 12b Title | Common stock, par value Won 5,000 per share |
Security Exchange Name | NYSE |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Assets | ||
Cash and due from banks at amortized cost | ₩ 28,453,404 | ₩ 33,410,542 |
Financial assets at fair value through profit or loss | 62,403,759 | 59,091,403 |
Derivative assets | 3,799,189 | 5,633,915 |
Securities at fair value through other comprehensive income | 64,838,323 | 58,316,112 |
Securities at amortized cost | 49,930,076 | 47,282,623 |
Loans at amortized cost | 389,137,156 | 356,221,519 |
Property and equipment, net | 4,046,164 | 3,989,697 |
Intangible assets | 5,644,782 | 5,480,619 |
Investments in associates | 2,913,745 | 2,657,768 |
Current tax receivable | 15,159 | 51,894 |
Deferred tax assets | 134,854 | 215,345 |
Investment property | 675,391 | 615,235 |
Net defined benefit assets | 142,020 | 18,374 |
Other assets | 35,973,754 | 32,194,666 |
Assets held for sale | 44,409 | 54,392 |
Total assets | 648,152,185 | 605,234,104 |
Liabilities | ||
Deposits | 364,896,675 | 326,416,868 |
Financial liabilities at fair value through profit or loss | 1,369,225 | 1,436,694 |
Financial liabilities designated at fair value through profit or loss | 8,023,870 | 8,455,724 |
Derivative liabilities | 3,586,564 | 5,016,567 |
Borrowings | 43,167,065 | 41,594,064 |
Debt securities issued | 80,149,363 | 75,134,394 |
Net defined benefit liabilities | 51,204 | 62,514 |
Provisions | 1,166,856 | 804,736 |
Current tax payable | 702,660 | 389,586 |
Deferred tax liabilities | 175,947 | 579,656 |
Liabilities under insurance contracts | 54,333,498 | 53,460,230 |
Other liabilities | 40,990,836 | 45,526,213 |
Total liabilities | 598,613,763 | 558,877,246 |
Equity | ||
Capital stock | 2,969,641 | 2,969,641 |
Hybrid bonds | 3,334,531 | 2,179,934 |
Capital surplus | 12,095,043 | 12,234,939 |
Capital adjustments | (664,429) | (687,935) |
Accumulated other comprehensive loss | (984,936) | (404,181) |
Retained earnings | 30,541,300 | 27,777,169 |
Total equity attributable to equity holders of Shinhan Financial Group Co., Ltd. | 47,291,150 | 44,069,567 |
Non-controlling interests | 2,247,272 | 2,287,291 |
Total equity | 49,538,422 | 46,356,858 |
Total liabilities and equity | ₩ 648,152,185 | ₩ 605,234,104 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interest income | |||
Financial assets at fair value through other comprehensive income and at amortized cost | ₩ 14,027,418 | ₩ 13,943,159 | ₩ 14,878,516 |
Financial assets at fair value through profit or loss | 696,812 | 830,837 | 828,846 |
Interest income | 14,724,230 | 14,773,996 | 15,707,362 |
Interest expense | (3,954,905) | (4,891,296) | (5,969,398) |
Net interest income | 10,769,325 | 9,882,700 | 9,737,964 |
Net fees and commission income | |||
Fee and commission expense | (1,464,888) | (1,431,541) | (1,416,494) |
Fee and commission income | 4,139,885 | 3,814,474 | 3,557,013 |
Net fees and commission income | 2,674,997 | 2,382,933 | 2,140,519 |
Net insurance loss | |||
Insurance income | 6,484,523 | 7,247,753 | 7,569,425 |
Insurance expenses | (7,259,909) | (7,851,685) | (8,066,351) |
Net insurance expenses | (775,386) | (603,932) | (496,926) |
Dividend income | 124,531 | 97,956 | 82,158 |
Net gain (loss) on financial instruments designated at fair value through profit or loss | (88,301) | 198,239 | (846,046) |
Net gain on financial instruments at fair value through profit or loss | 1,103,631 | 272,830 | 1,385,482 |
Net gain (loss) on financial instruments at fair value through profit or loss (overlay approach) | 43,003 | (136,255) | (247,585) |
Net gain on foreign currency transaction | 222,819 | 526,615 | 440,948 |
Net gain on disposal of securities at fair value through other comprehensive income | 85,596 | 273,793 | 152,278 |
Net gain (loss) on disposal of securities at amortized cost | (319) | (25) | 66 |
Provision for allowance for credit loss | (974,685) | (1,382,179) | (980,692) |
General and administrative expense | (5,743,088) | (5,212,473) | (5,134,674) |
Other operating expenses, net | (1,490,027) | (1,370,466) | (1,187,242) |
Operating income | 5,952,096 | 4,929,736 | 5,046,250 |
Equity method income (Note 15) | 158,600 | 159,533 | 53,287 |
Other non-operating income (expense), net (Note 40) | (527,032) | (335,398) | (188,029) |
Profit before income taxes | 5,583,664 | 4,753,871 | 4,911,508 |
Income tax expense | 1,471,036 | 1,255,795 | 1,269,124 |
Profit for the year | 4,112,628 | 3,498,076 | 3,642,384 |
Items that are or may be reclassified to profit or loss: | |||
Gain (loss) on securities at fair value through other comprehensive income | (879,671) | (86,784) | 352,085 |
Gain (Loss) on financial instruments at fair value through profit or loss (overlay approach) (Note 9) | (20,098) | 90,298 | 162,967 |
Equity in other comprehensive income (loss) of associates | 2,748 | (3,318) | 3,302 |
Foreign currency translation adjustments for foreign operations | 252,308 | (161,365) | 105,771 |
Net change in unrealized fair value of cash flow hedges | 21,700 | (14,460) | (18,589) |
Other comprehensive income (loss) of separate account | (41,273) | 3,884 | 10,427 |
Items that are or may be reclassified to profit or loss | (664,286) | (171,745) | 615,963 |
Items that will never be reclassified to profit or loss: | |||
Remeasurements of the defined benefit liability | 43,277 | 15,812 | (54,644) |
Equity in other comprehensive loss of associates | (2) | (10) | (8) |
Valuation gain on securities at fair value through other comprehensive income | 35,441 | 6,841 | 18,885 |
Loss on disposal of securities at fair value through other comprehensive income | (29,421) | (27,826) | (5,861) |
Changes in own credit risk on financial liabilities designated at fair value through profit or loss | (2,798) | 3,084 | (8,425) |
Items that will never be reclassified to profit or loss | 46,497 | (2,099) | (50,053) |
Total other comprehensive income (loss), net of income tax | (617,789) | (173,844) | 565,910 |
Total comprehensive income (Loss) | 3,494,839 | 3,324,232 | 4,208,294 |
Profit for the year attributable to: | |||
Equity holders of Shinhan Financial Group Co., Ltd. (Notes 29 and 42) | 4,019,254 | 3,414,595 | 3,403,497 |
Non-controlling interest | 93,374 | 83,481 | 238,887 |
Total comprehensive income attributable to: | |||
Equity holders of Shinhan Financial Group Co., Ltd. | 3,402,925 | 3,242,745 | 3,890,701 |
Non-controlling interest | ₩ 91,914 | ₩ 81,487 | ₩ 317,593 |
Earnings per share: (Notes 29 and 42) | |||
Basic and diluted earnings per share in won | 7,308 | 6,654 | 7,000 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - KRW (₩) ₩ in Millions | Total | Equity attributable to equity holders of Shinhan Financial Group Co., Ltd. | Common Stock | Hybrid Bonds | Capital Surplus | Capital Adjustments | Accumulated Other Comprehensive Income (loss) | Retained Earnings | Non Controlling Interest |
Beginning Balance at Dec. 31, 2018 | ₩ 36,651,430 | ₩ 35,725,625 | ₩ 2,645,053 | ₩ 1,531,759 | ₩ 9,895,488 | ₩ (552,895) | ₩ (753,220) | ₩ 22,959,440 | ₩ 925,805 |
Total comprehensive income for the year: | |||||||||
Profit for the year | 3,642,384 | 3,403,497 | 3,403,497 | 238,887 | |||||
Other comprehensive income (loss), net of income tax: | |||||||||
Gain (loss) on valuation and disposal of securities at fair value through other comprehensive income | 365,109 | 297,652 | 297,652 | 67,457 | |||||
Gain (loss) on financial instruments at fair value through profit or loss (overlay approach) | 162,967 | 150,678 | 150,678 | 12,289 | |||||
Equity in other comprehensive income loss of associates | 3,294 | 3,294 | 3,294 | ||||||
Foreign currency translation adjustments for foreign operations | 105,771 | 104,388 | 104,388 | 1,383 | |||||
Net change in unrealized fair value of cash flow hedges | (18,589) | (15,960) | (15,960) | (2,629) | |||||
Other comprehensive income (loss) of separate account | 10,427 | 10,427 | 10,427 | ||||||
Remeasurements of defined benefit plans | (54,644) | (54,850) | (54,850) | 206 | |||||
Changes in own credit risk on financial liabilities designated at fair value through profit or loss | (8,425) | (8,425) | (8,425) | ||||||
Total other comprehensive income (loss) | 565,910 | 487,204 | 487,204 | 78,706 | |||||
Total comprehensive income (Loss) | 4,208,294 | 3,890,701 | 487,204 | 3,403,497 | 317,593 | ||||
Other changes in equity: | |||||||||
Dividends | (753,041) | (753,041) | (753,041) | ||||||
Dividends to hybrid bonds | (61,993) | (61,993) | (61,993) | ||||||
Issuance of hybrid bonds | 199,476 | 199,476 | 199,476 | ||||||
Issuance of convertible preferred shares | 747,791 | 747,791 | 87,410 | 660,381 | |||||
Acquisition of treasury stock (Note 29) | (444,077) | (444,077) | (444,077) | ||||||
Change in other capital adjustments | (126,536) | (126,536) | 9,484 | (119,798) | (16,222) | ||||
Change in other non-controlling interests | 1,509,037 | 1,509,037 | |||||||
Other changes in equity | 1,070,657 | (438,380) | 87,410 | 199,476 | 669,865 | (563,875) | (831,256) | 1,509,037 | |
Reclassification of OCI retained earnings | 5,860 | (5,860) | |||||||
Ending Balance at Dec. 31, 2019 | 41,930,381 | 39,177,946 | 2,732,463 | 1,731,235 | 10,565,353 | (1,116,770) | (260,156) | 25,525,821 | 2,752,435 |
Total comprehensive income for the year: | |||||||||
Profit for the year | 3,498,076 | 3,414,595 | 3,414,595 | 83,481 | |||||
Other comprehensive income (loss), net of income tax: | |||||||||
Gain (loss) on valuation and disposal of securities at fair value through other comprehensive income | (107,769) | (107,484) | (107,484) | (285) | |||||
Gain (loss) on financial instruments at fair value through profit or loss (overlay approach) | 90,298 | 90,298 | 90,298 | ||||||
Equity in other comprehensive income loss of associates | (3,328) | (3,328) | (3,328) | ||||||
Foreign currency translation adjustments for foreign operations | (161,365) | (159,596) | (159,596) | (1,769) | |||||
Net change in unrealized fair value of cash flow hedges | (14,460) | (14,460) | (14,460) | ||||||
Other comprehensive income (loss) of separate account | 3,884 | 3,884 | 3,884 | ||||||
Remeasurements of defined benefit plans | 15,812 | 15,752 | 15,752 | 60 | |||||
Changes in own credit risk on financial liabilities designated at fair value through profit or loss | 3,084 | 3,084 | 3,084 | ||||||
Total other comprehensive income (loss) | (173,844) | (171,850) | (171,850) | (1,994) | |||||
Total comprehensive income (Loss) | 3,324,232 | 3,242,745 | (171,850) | 3,414,595 | 81,487 | ||||
Other changes in equity: | |||||||||
Dividends | (883,929) | (883,929) | (883,929) | ||||||
Dividends to hybrid bonds | (85,327) | (85,327) | (85,327) | ||||||
Issuance of hybrid bonds | 448,699 | 448,699 | 448,699 | ||||||
Paid in capital increase | 1,434,952 | 1,434,952 | 237,178 | 1,197,774 | |||||
Acquisition of treasury stock (Note 29) | (150,467) | (150,467) | (150,467) | ||||||
Disposal of treasury stock (Note 29) | 451,809 | 451,809 | 451,809 | ||||||
Retirement of treasury stock (Note 29) | (25) | (25) | 150,000 | (150,025) | |||||
Change in other capital adjustments | 433,164 | 433,164 | 471,812 | (22,507) | (16,141) | ||||
Change in other non-controlling interests | (546,631) | (546,631) | |||||||
Other changes in equity | 1,102,245 | 1,648,876 | 237,178 | 448,699 | 1,669,586 | 428,835 | (1,135,422) | (546,631) | |
Reclassification of OCI retained earnings | 27,825 | (27,825) | |||||||
Ending Balance at Dec. 31, 2020 | 46,356,858 | 44,069,567 | 2,969,641 | 2,179,934 | 12,234,939 | (687,935) | (404,181) | 27,777,169 | 2,287,291 |
Total comprehensive income for the year: | |||||||||
Profit for the year | 4,112,628 | 4,019,254 | 4,019,254 | 93,374 | |||||
Other comprehensive income (loss), net of income tax: | |||||||||
Gain (loss) on valuation and disposal of securities at fair value through other comprehensive income | (873,651) | (871,104) | (871,104) | (2,547) | |||||
Gain (loss) on financial instruments at fair value through profit or loss (overlay approach) | (20,098) | (20,098) | (20,098) | ||||||
Equity in other comprehensive income loss of associates | 2,746 | 2,746 | 2,746 | ||||||
Foreign currency translation adjustments for foreign operations | 252,308 | 251,842 | 251,842 | 466 | |||||
Net change in unrealized fair value of cash flow hedges | 21,700 | 21,700 | 21,700 | ||||||
Other comprehensive income (loss) of separate account | (41,273) | (41,273) | (41,273) | ||||||
Remeasurements of defined benefit plans | 43,277 | 42,656 | 42,656 | 621 | |||||
Changes in own credit risk on financial liabilities designated at fair value through profit or loss | (2,798) | (2,798) | (2,798) | ||||||
Total other comprehensive income (loss) | (617,789) | (616,329) | (616,329) | (1,460) | |||||
Total comprehensive income (Loss) | 3,494,839 | 3,402,925 | (616,329) | 4,019,254 | 91,914 | ||||
Other changes in equity: | |||||||||
Dividends | (803,838) | (803,838) | (803,838) | ||||||
Interim dividends | (299,082) | (299,082) | (299,082) | ||||||
Dividends to hybrid bonds | (116,388) | (116,388) | (116,388) | ||||||
Issuance of hybrid bonds | 1,154,597 | 1,154,597 | 1,154,597 | ||||||
Acquisition of treasury stock (Note 29) | (79) | (79) | (79) | ||||||
Disposal of treasury stock (Note 29) | 23,589 | 23,589 | 23,589 | ||||||
Change in other capital adjustments | (350) | (350) | (105) | (4) | (241) | ||||
Change in other non-controlling interests | (271,724) | (139,791) | (139,791) | (131,933) | |||||
Other changes in equity | (313,275) | (181,342) | 1,154,597 | (139,896) | 23,506 | (1,219,549) | (131,933) | ||
Reclassification of OCI retained earnings | 35,574 | (35,574) | |||||||
Ending Balance at Dec. 31, 2021 | ₩ 49,538,422 | ₩ 47,291,150 | ₩ 2,969,641 | ₩ 3,334,531 | ₩ 12,095,043 | ₩ (664,429) | ₩ (984,936) | ₩ 30,541,300 | ₩ 2,247,272 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities | |||
Profit before income taxes | ₩ 5,583,664 | ₩ 4,753,871 | ₩ 4,911,508 |
Adjustments for: | |||
Interest income (Note 31) | (14,724,230) | (14,773,996) | (15,707,362) |
Interest expense (Note 31) | 3,954,905 | 4,891,296 | 5,969,398 |
Dividend income (Note 33) | (124,531) | (97,956) | (82,158) |
Net fees and commission expense (Note 32) | 124,486 | 187,304 | 125,975 |
Net insurance loss (Note 27) | 1,356,064 | 1,726,150 | 2,098,617 |
Net loss (gain) on financial instruments at fair value through profit or loss (Note 34) | (174,279) | 136,191 | (38,738) |
Net loss (gain) on derivatives (Note 10) | 64,128 | (245,681) | (388,880) |
Net loss (gain) on financial instruments at fair value through profit or loss (overlay approach) (Note 9) | (43,003) | 136,255 | 247,585 |
Net loss (gain) on foreign currency translation | (21,130) | (232,723) | 147,952 |
Net loss (gain) on financial instruments designated at fair value through profit or loss (Note 35) | (423,914) | (241,066) | 33,872 |
Net gain on disposal of securities at fair value through other comprehensive income | (85,596) | (273,793) | (152,278) |
Net loss (gain) on disposal of securities at amortized cost (Note 11) | 319 | 25 | (66) |
Provision for allowance for credit loss (Note 36) | 974,685 | 1,382,179 | 980,692 |
Employee benefit (Note 25) | 221,259 | 175,539 | 188,313 |
Depreciation and other amortization (Note 37) | 902,692 | 768,488 | 677,152 |
Other operating expense (Note 39) | 457,359 | 202,178 | 305,781 |
Equity method income, net (Note 15) | (158,600) | (159,533) | (53,287) |
Other non-operating expense (Note 40) | 447,138 | 153,360 | 148,091 |
Sub-total | (7,252,248) | (6,265,783) | (5,499,341) |
Changes in assets and liabilities: | |||
Due from banks at amortized cost | 9,570,696 | (4,915,143) | (10,059,356) |
Securities at fair value through profit or loss | (2,934,113) | (7,088,599) | (3,977,211) |
Due from banks at fair value through profit or loss | 92,944 | 862,047 | 73,904 |
Loans at fair value through profit or loss | 341,140 | 132,172 | (943,321) |
Financial instruments designated at fair value through profit or loss (IFRS 9) | (9,466) | (708,627) | 847,715 |
Derivative instruments | 14,548 | (65,288) | 58,532 |
Loans at amortized cost | (28,740,535) | (32,897,127) | (18,831,825) |
Other assets | (6,920,943) | (7,866,826) | (4,452,651) |
Deposits | 36,948,828 | 33,139,123 | 29,123,272 |
Liabilities for defined benefit obligations | (261,750) | (243,428) | (263,882) |
Provisions | (25,526) | 51,567 | 28,380 |
Other liabilities | (4,489,460) | 8,503,803 | 7,851,505 |
Sub-total | 3,586,363 | (11,096,326) | (544,938) |
Income taxes paid | (1,149,965) | (1,184,910) | (1,130,148) |
Interest received | 14,325,392 | 14,570,884 | 15,200,114 |
Interest paid | (4,114,027) | (5,267,781) | (5,793,865) |
Dividends received | 100,936 | 80,728 | 35,716 |
Net cash provided by operating activities | 11,080,115 | (4,409,317) | 7,179,046 |
Cash flows from investing activities | |||
Decrease in financial instruments at fair value through profit or loss | 4,362,417 | 4,537,421 | 3,690,283 |
Increase in financial instruments at fair value through profit or loss | (5,409,361) | (4,982,663) | (6,712,873) |
Proceeds from disposal of securities at fair value through other comprehensive income | 29,991,033 | 53,048,284 | 36,334,241 |
Acquisition of securities at fair value through other comprehensive income | (37,575,878) | (52,657,353) | (46,908,632) |
Proceeds from disposal of securities at amortized cost | 5,203,156 | 5,923,611 | 6,722,627 |
Acquisition of securities at amortized cost | (7,343,501) | (7,645,000) | (12,209,898) |
Proceeds from disposal of property and equipment (Notes 13 and 40) | 20,068 | 248,037 | 51,942 |
Acquisition of property and equipment (Note 13) | (334,874) | (279,654) | (270,386) |
Proceeds from disposal of intangible assets (Notes 14 and 40) | 15,867 | 5,298 | 24,825 |
Acquisition of intangible assets (Note 14) | (555,340) | (362,415) | (318,930) |
Proceeds from disposal of investments in associates (Note 15) | 357,401 | 266,322 | 182,604 |
Acquisition of investments in associates (Note 15) | (588,827) | (776,799) | (669,341) |
Proceeds from disposal of investment property (Notes 16 and 40) | 276 | 113,038 | 86,422 |
Acquisition of investment property (Note 16) | (8,292) | (243,806) | (2,774) |
Proceeds from disposal of assets held for sale | 47,792 | 2,048 | 137 |
Change in other assets | (220,636) | 11,233 | (264,585) |
Proceeds from settlement of hedging derivative financial instruments | 61,502 | 25,722 | 19,303 |
Payment for settlement of hedging derivative financial instruments | (53,313) | (186,169) | (195,900) |
Net cash flow from business combination (Notes 47) | 0 | (73,081) | (2,246,932) |
Net cash used in investing activities | (12,030,510) | (3,025,926) | (22,687,867) |
Cash flows from financing activities | |||
Issuance of hybrid bonds | 1,154,597 | 448,698 | 199,476 |
Net increase in borrowings | 849,212 | 7,465,106 | 5,017,269 |
Proceeds from debt securities issued | 28,561,082 | 21,480,455 | 31,083,390 |
Repayments of debt securities issued | (24,143,252) | (21,508,827) | (19,881,717) |
Change in other liabilities | 83,067 | (30,526) | (33,619) |
Dividends paid | (1,218,761) | (968,847) | (830,772) |
Proceeds from settlement of hedging derivative financial instruments | 1,223,033 | 851,381 | 1,694,362 |
Payment of settlement of hedging derivative financial instruments | (1,210,366) | (807,705) | (1,716,320) |
Acquisition of treasury stock | (79) | (150,182) | (444,077) |
Disposition and redemption of treasury stock | 23,588 | 161,863 | 0 |
Increase(decrease) in non-controlling interests | (84,998) | 566,673 | 312,390 |
Redemption of lease liabilities | (275,273) | (781,867) | (269,362) |
Paid in capital increase | 0 | 1,154,347 | 0 |
Issuance of convertible preferred shares | 0 | 0 | 747,791 |
Payment of stock issuance costs | (105) | 0 | 0 |
Net cash provided by financing activities | 4,961,745 | 7,880,569 | 15,878,811 |
Effect of exchange rate changes on cash and cash equivalents held | 109,553 | (61,518) | 29,428 |
Increase (decrease) in cash and cash equivalents | 4,120,903 | 383,808 | 399,418 |
Cash and cash equivalents at beginning of year | 8,962,982 | 8,579,174 | 8,179,756 |
Cash and cash equivalents at end of year | ₩ 13,083,885 | ₩ 8,962,982 | ₩ 8,579,174 |
Reporting entity
Reporting entity | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of reporting entity [Abstract] | |
Reporting entity | 1. Reporting entity Shinhan Financial Group Co., Ltd., the controlling company, and its subsidiaries included in consolidation (collectively the “Group”) are summarized as follows: (a) Controlling company Shinhan Financial Group Co., Ltd. (the “Shinhan Financial Group” or the “Company”), the controlling company, is incorporated on September 1, 2001 for the main purposes of controlling, managing and funding Shinhan Bank, Shinhan Securities Co., Ltd., Shinhan Capital Co., Ltd. and Shinhan BNP Asset Management Co., Ltd. by way of share transfers. The total capital stock amounted to W (b) Ownership of Shinhan Financial Group and its major consolidated subsidiaries as of December 31, 2020 and 2021 are as follows: Date of financial Ownership (%) Investor Investee(*1) Location 2020 2021 Shinhan Financial Group Co., Ltd. Shinhan Bank Korea December 31 100.0 100.0 ” Shinhan Card Co., Ltd. ” ” 100.0 100.0 ” Shinhan Investment Corp. ” ” 100.0 100.0 ” Shinhan Life Insurance Co., Ltd. (*2) ” ” 100.0 100.0 ” Orange Life Insurance Co., Ltd. (*2) ” ” 100.0 — ” Shinhan Capital Co., Ltd. ” ” 100.0 100.0 ” Jeju Bank ” ” 75.3 75.3 ” Shinhan Credit Information Co., Ltd. ” ” 100.0 100.0 ” Shinhan Alternative Investment Management Inc. ” ” 100.0 100.0 ” Shinhan Asset Management Co., Ltd. (*3) ” ” 65.0 100.0 ” SHC Management Co., Ltd. ” ” 100.0 100.0 ” Shinhan DS ” ” 100.0 100.0 ” Shinhan Savings Bank ” ” 100.0 100.0 ” Asia Trust Co., Ltd. ” ” 60.0 60.0 ” Shinhan AITAS Co., Ltd. ” ” 99.8 99.8 ” Shinhan REITs Management Co., Ltd. ” ” 100.0 100.0 ” Shinhan AI Co., Ltd. ” ” 100.0 100.0 ” Shinhan Venture Investment Co., ” ” 100.0 100.0 Shinhan Bank Shinhan Bank America USA ” 100.0 100.0 ” Shinhan Bank Europe GmbH Germany ” 100.0 100.0 Date of financial Ownership (%) Investor Investee(*1) Location 2020 2021 ” Shinhan Bank Cambodia Cambodia December 31 97.5 97.5 ” Shinhan Bank Kazakhstan Limited Kazakhstan ” 100.0 100.0 ” Shinhan Bank Canada Canada ” 100.0 100.0 ” Shinhan Bank (China) Limited China ” 100.0 100.0 ” Shinhan Bank Japan Japan ” 100.0 100.0 ” Shinhan Bank Vietnam Ltd Vietnam ” 100.0 100.0 ” Banco Shinhan de Mexico Mexico ” 99.9 99.9 ” PT Bank Shinhan Indonesia Indonesia ” 99.0 99.0 Shinhan Bank Japan SBJDNX Japan ” 100.0 100.0 Shinhan Card Co., Ltd. LLP MFO Shinhan Finance Kazakhstan ” 100.0 100.0 ” PT. Shinhan Indo Finance Indonesia ” 50.0+ 50.0+ ” Shinhan Microfinance Co., Ltd. Myanmar ” 100.0 100.0 ” Shinhan Vietnam Finance Co., Ltd. Vietnam ” 100.0 100.0 Shinhan Investment Corp. Shinhan Investment Corp. USA Inc. USA ” 100.0 100.0 ” Shinhan Investment Asia Ltd. Hong Kong ” 100.0 100.0 ” SHINHAN SECURITIES VIETNAM Vietnam ” 100.0 100.0 ” PT. Shinhan Sekuritas Indonesia Indonesia ” 99.0 99.0 PT Shinhan Sekuritas Indonesia PT. Shinhan Asset Management Indonesia ” ” 75.0 75.0 Shinhan Life Insurance Co., Ltd. Shinhan Financial Plus Korea ” 100.0 100.0 ” Shinhan CubeOn Co., Ltd. (*5) Korea ” — 100.0 ” Shinhan Life Insurance Vietnam Co., Ltd. (*6) Vietnam ” — 100.0 Shinhan Asset Management Co., Ltd. SHINHAN ASSET MGT HK, LIMITED (*7) Hong Kong ” 100.0 100.0 Shinhan DS SHINHAN DS VIETNAM CO., LTD. Vietnam ” 100.0 100.0 (*1) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded. (*2) Shinhan Life Insurance Co., Ltd. and Orange Life Insurance Co., Ltd. merged on July 1, 2021. The company name after the merger is Shinhan Life Insurance Co., Ltd. (*3) The Group acquired additional shares of Shinhan BNPP Asset Management Co., Ltd. for the year ended December 31, 2021, and Shinhan BNPP Asset Management Co., Ltd. became a wholly owned subsidiary of the Group. Shinhan BNPP Asset Management Co., Ltd. changed its name to Shinhan Asset Management Co., Ltd. (*4) For the year ended December 31, 2021, Neoplux Co., Ltd. changed its name to Shinhan Venture Investment Co., Ltd. (*5) Newly invested subsidiaries subject to consolidation are included for the year ended December 31, 2021. (*6) Newly invested subsidiaries subject to consolidation are included for the year ended December 31, 2021. Shinhan Insurance Vietnam Co., Ltd. changed its name to Shinhan Life Insurance Vietnam Co., Ltd. (*7) For the year ended December 31, 2021, SHINHAN BNP ASSET MGT HK, LIMITED changed its name to SHINHAN ASSET MGT HK, LIMITED. (c) Consolidated structured entities Consolidated structured entities are as follows: Category Consolidated structured entities Description Trust Shinhan Bank (including development trust) and 17 others A trust is consolidated when the Group as a trustee is exposed to variable returns, if principle or interest amounts of the entrusted properties falls below guaranteed amount, the Group should compensate it, and the Group has the ability to affect those returns. Asset-Backed Securitization MPC Yulchon Green I and 225 others An entity for asset backed securitization is consolidated when the Group has sole decision-making authority to dispose assets or change the conditions of the assets, and the Group is exposed to, or has rights to related variable returns by providing credit enhancement and purchases of subordinated securities. Structured Financing SHPE Holdings One Co., Ltd. An entity established for structured financing relating to real estate, shipping, or mergers and acquisitions is consolidated, when the Group has the greatest credit to the entity, has sole decision-making authority of these Entities due to the entities default, and is exposed to, or has rights to related variable returns. Investment Fund KoFC Shinhan Frontier Champ 2010-4 An investment fund is consolidated, when the Group manages or invests assets of the investment funds on behalf of other investors as a collective investor or a business executive, or has the ability to dismiss the manager of the investment funds, and is exposed to, or has rights to, the variable returns. (*) The Group provides credit contribution (ABCP purchase agreements) of W |
Basis of preparation
Basis of preparation | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of basis of preparation [Abstract] | |
Basis of preparation | 2. Basis of preparation (a) Statement of compliance The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS are the standards and related interpretations issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements of the Group were authorized for issue by the Board of Directors on February 9, 2022. In addition, the adjustment that is explained in ‘Note 29. Equity’ was approved by the Board of Directors on March 15, 2022 and the consolidated financial statements were submitted for approval to the stockholder’s meeting held on March 24, 2022. (b) Basis of measurement The consolidated financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position: • derivative financial instruments measured at fair value • financial instruments at fair value through profit or loss measured at fair value • financial instruments at fair value through other comprehensive income measured at fair value • liabilities for cash-settled share-based payment arrangements measured at fair value • financial assets and liabilities designated as hedged items in a fair value hedge accounting of which changes in fair value attributable to the hedged risk recognized in profit or loss • liabilities for defined benefit plans recognized at the net of the total present value of defined benefit obligations less the fair value of plan assets (c) Functional and presentation currency The respective financial statements of the Group entities are prepared in the functional currency of the respective economic environment in which the group entities operate. These consolidated financial statements are presented and reported in Korean won, which is the Controlling Company’s functional currency and the currency of the primary economic environment in which the Group operates. (d) Use of estimates and judgments The preparation of the consolidated financial statements in conformity with IFRS requires management to Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about critical judgments in applying accounting policies that have a significant effect on the amounts recognized in the consolidated financial statements and information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are described in Note 5. In preparing these consolidated financial statements, the significant judgments made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty are the same as those that applied to the consolidated financial statements as of and for the year ended December 31, 2020. (e) Change in accounting policy Except for the following new standards, which have been applied from January 1, 2021, the accounting policies applied by the Group in these consolidated financial statements are the same as those applied by the Group in its consolidated financial statements as of and for the year ended December 31, 2020. i) IFRS 9, ‘Financial Instruments’, IAS 39, ‘Financial Instruments: Recognition and Measurement’, IFRS 7, ‘Financial Instruments: Disclosures’, IFRS 4, ‘Insurance Contracts’ and IFRS 16, ‘Leases’ amended – Interest rate benchmark reform The effective interest rate, not the carrying value, is adjusted when replacing the interest rate index of a financial instrument measured at amortized cost in relation to the reform of the interest rate index. It includes exceptions, such as allowing hedge accounting to continue uninterrupted even if an interest rate indicator replacement occurs in a hedging relationship. The amendment does not have a significant impact on the consolidated financial statements. Regarding the suspension of LIBOR interest rate calculation, the financial instruments that have not been converted to replaced interest rate benchmark among the LIBOR interest rates as of December 31, 2021 are as follows: -Non-derivative Carrying value USD LIBOR(*2) JPY LIBOR EUR LIBOR Other LIBORs Due from banks and loans at amortized cost: Loans W 2,768,972 207,660 49,642 122,104 Securities at fair value through other comprehensive income: Financial institution bonds 167,167 — — — Corporate bonds and others 281,949 — — — 449,116 — — — Commitments and guarantee contracts(*1) W 280,224 39,148 56,552 13,853 (*1) The commitments and guarantee contracts are in nominal amount. (*2) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. -Non-derivative Carrying value USD LIBOR(*) JPY LIBOR EUR LIBOR Other LIBORs Financial liabilities at amortized cost: Deposits W 200,000 — — — Borrowings 347,420 — — — Debt securities issued 986,871 — — — W 1,534,291 — — — (*) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. -Derivative Notional amount USD LIBOR(*) JPY LIBOR EUR LIBOR Other LIBORs Trading: Interest rates related W 10,772,390 — — — Foreign currency related 10,900,844 — — — Equity related 268,243 — — — Credit related 1,108 — — — Others 379,360 — — — 22,321,945 — — — Hedge: Interest rates related 4,150,155 — — — Foreign currency related 278,705 — — — W 4,428,860 — — — (*) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. ii) Amendments to IFRS 16 ‘Lease’ – The practical expedient to COVID-19 The International Accounting Standards Board amended this Standard in March 2021. According to the amendment, the International Accounting Standards Board has extended the application of the practical expedient for reduction in lease payments where lessee may elect not to assess whether a rent concession occurring as a direct consequence of the COVID-19 COVID-19 • The change in lease payments results in revised consideration for the lease that is substantially the same as, or less than, the consideration for the lease immediately preceding the change • Any reduction in lease payments affects only payments originally due on or before June 30, 2022; and • There is no substantive change to other terms and conditions of the lease. The Group has applied the practical expedient that allows a lessee to choose not to assess whether a rent concession occurring as a direct consequence of the COVID-19 W |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of significant accounting policies [Abstract] | |
Significant accounting policies | 3. Significant accounting policies Significant accounting policies applied by the Group upon the preparation of consolidated financial statements under IFRS are described below, and consolidated financial statements for the year ended December 31, 2021 and comparative periods were prepared using the same accounting policy, except for changes in accounting policy described in the Note 2. (a) Operating segments The Group has divided the segments based on internal reports reviewed periodically by the top sales decision maker to make decisions about the resources allocated to the segments and evaluate their performance. There are six reporting segments as described in Note 7. The reporting segments are operated separately according to the nature of the goods and services provided and the organizational structure of the Group. The segment reported to the Chief Executive Officer (“CEO”) includes items directly attributable to a segment as well as those that can be allocated on a reasonable basis . It is the CEO’s responsibility to evaluate the resources to be distributed to the business and the performance of the business, and to make strategic decisions. (b) Basis of consolidation i) Subsidiaries Subsidiaries are investees controlled by the Group. The Group controls an investee when it is exposed to, or has rights to, variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. If a member of the Group uses accounting policies other than those adopted in the consolidated financial statements for the same transactions and events in similar circumstances, appropriate adjustments are made to its financial statements in preparing the consolidated financial statements. ii) Structured entity The Group establishes or invests in various structured entities. It does not own shares directly or indirectly for these companies. Considering the terms and conditions of the arrangement in which the structured entity was established, the consolidated entity gains and losses from the operations of the structured entity. It is included in the consolidated entities if it is determined that it has the ability to direct the activities of a consolidated structured entity that can most significantly affect these gains and losses. The Group does not recognize any non-controlling non-controlling iii) Intra-group transactions eliminated on consolidation Intra-group balances, transactions, and any unrealized income and expenses arising from intra-group transactions are eliminated in preparing the consolidated financial statements. Unrealized intra-group losses are recognized as expense if intra-group losses indicate an impairment that requires recognition in the consolidated financial statements. iv) Non-controlling Non-controlling non-controlling non-controlling (c) Business combinations i) Business combinations A business combination is accounted for by applying the acquisition method, unless it is a combination involving entities or businesses under common control. Each identifiable asset or liability is measured at its acquisition-date fair value except for below: • Leases are required to be classified based on the contractual terms and other factors • Only those contingent liabilities assumed in a business combination that are a present obligation and can be measured reliably are recognized • Deferred tax assets or liabilities are recognized and measured in accordance with IAS 12, ‘Income Taxes’ • Employee benefit arrangements are recognized and measured in accordance with IAS 19, ‘Employee Benefits’ • Compensation assets are recognized and measured on the same basis as the items subject to compensation. • Reacquired rights are measured in accordance with special provisions • Liabilities or equity instruments related to share-based payment transactions are measured in accordance with the method in IFRS 2, ‘Share-based Payment’ • Non-current ‘Non-current As of the acquisition date, non-controlling non-controlling The transfer consideration in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the acquirer, the liabilities incurred by the acquirer to former owners of the acquired and the equity interests issued by the acquirer. However, any portion of the acquirer’s share-based payment awards exchanged for awards held by the acquired employee that is included in transfer consideration in the business combination shall be measured in accordance with the method described above rather than at fair value. Acquisition-related costs are costs the acquirer incurs to effect a business combination. Those costs include broker’s fees; advisory, legal, accounting, valuation and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and costs of registering and issuing debt and equity securities. Acquisition-related costs, other than those associated with the issue of debt or equity securities, which are recognized in accordance with IAS 32 and IFRS 9, are expensed in the periods in which the costs are incurred and the services are received. (d) Investments in associates and joint ventures An associate is an entity in which the Group has significant influence, but not control, over the entity’s financial and operating policies. Significant influence is presumed to exist when the Group holds between 20 and 50 percent of the voting power of another entity. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The investment in an associate and a joint venture is initially recognized at cost, and the carrying value is increased or decreased to recognize the Group’s share of the profit or loss and changes in equity of the associate and the joint venture after the date of acquisition. Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated the Group’s stake in preparing the consolidated financial statements. Unrealized losses are also being derecognized unless the transaction provides evidence of an impairment of the transferred assets. If an associate or a joint venture uses accounting policies different from those of the Group for transactions and events in similar circumstances, appropriate adjustments are made to its financial statements in applying the equity method. When the carrying value of that interest, including any long-term investments, is reduced to nil, the recognition of further losses is discontinued except to the extent that the Group has an obligation or has to make payments on behalf of the investee for further losses. (e) Cash and cash equivalents The Group classifies cash balances, call deposits and highly liquid investment assets with original maturities of three months or less from the acquisition date that are easily converted into a fixed amount of cash, and are subject to an insignificant risk of changes in their fair value as cash and cash equivalents. Equity instruments are excluded from cash equivalents unless they are, in substance, cash equivalents, like in the case of preferred shares acquired within a short period of their maturity and with a specified redemption date. (f) Non-derivative Financial assets are recognized in the consolidated statement of financial position when the Group becomes a party to the contract. In addition, a standardized purchase or sale (a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the market concerned) is recognized on the trade date. A financial asset is measured initially at its fair value plus, for an item not at Fair Value Through Profit or Loss (“FVTPL”), transaction costs that are directly attributable to its acquisition of the financial asset. Transaction costs on the financial assets at FVTPL that are directly attributable to the acquisition are recognized in profit or loss as incurred. i) Financial assets designated at FVTPL Financial assets can be irrevocably designated as measured at FVTPL despite of classification standards stated below, if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on different bases. ii) Equity instruments For the equity instruments that are not held for short-term trading, at initial recognition, the Group may make an irrevocable election to present subsequent changes in fair value in other comprehensive income. Equity instruments that are not classified as financial assets at Fair Value through Other Comprehensive Income (“FVOCI”) are classified as financial assets at FVTPL. The Group subsequently measures all equity investments at fair value. Valuation gains or losses of the equity instruments that are classified as financial assets at FVOCI previously recognized as other comprehensive income is not reclassified as profit or loss on recognition. The Group recognizes dividends in profit or loss when the Group’s right to receive payments of the dividend is established. Valuation gains or losses due to changes in fair value of the financial assets at FVTPL are recognized in the consolidated statement of comprehensive income gains or losses on financial assets at FVTPL. Impairment loss (reversal) on equity instruments at FVOCI is not recognized separately. iii) Debt instruments Subsequent measurement of debt instruments depends on the Group’s business model in which the asset is managed and the contractual cash flow characteristics of the asset. Debt instruments are classified as financial assets at amortized cost, at FVOCI, or at FVTPL. Debt instruments are reclassified only when the Group’s business model changes. ① Financial assets at amortized cost Assets that are held within a business model whose objective is to hold assets to collect contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A gain or loss on a financial asset measured at amortized cost that is not subject to a hedging relationship is recognized in profit or loss when the financial asset is derecognized or impaired. Interest income on the effective interest method is included in the ‘Interest income’ in the consolidated statement of comprehensive income. ② Financial assets at FVOCI Assets that are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Other than (reversal of) impairment losses, interest income, foreign exchange differences, gains or losses of the financial assets at FVOCI are recognized as other comprehensive income in equity. On removal, gains or losses accumulated in other comprehensive income are reclassified to profit or loss. The interest income on the effective interest method is included in the ‘Interest income’ in the consolidated statement of comprehensive income. Foreign exchange differences and impairment losses are included in the ‘Net foreign currency transaction gain’ and ‘Provision for credit losses allowance’ in the consolidated statement of comprehensive income, respectively. ③ Financial assets at FVTPL Debt securities other than financial assets at amortized costs or FVOCI are classified at FVTPL. Unless hedge accounting is applied, gains or losses from financial assets at FVTPL are recognized as profit or loss and are included in ‘Net gain(loss) on financial assets at fair value through profit or loss’ in the consolidated statement of comprehensive income. iv) Embedded derivatives Financial assets with embedded derivatives are classified regarding the entire hybrid contract, and the embedded derivatives are not separately recognized. The entire hybrid contract is considered when it is determined whether the contractual cash flows represent solely payments of principal and interest. v) Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. If the Group does not have or transfer most of the risks and rewards of ownership of the financial asset, the entity shall remove the financial asset if it does not control the financial asset. If the Group continues to control the financial asset, it continues to recognize the transferred asset to the extent that it is continuously involved and recognizes the related liability together. If the Group transfers the right to cash flows of a financial asset but holds most of the risks and rewards of ownership of the financial asset, the entity shall continue to recognize the asset. Also, the amount of disposal received is recognized as a liability. vi) Offsetting Financial assets and financial liabilities are offset and the net amount is presented in the consolidated statement of financial position only when the Group currently has a legally enforceable right to set off the recognized amounts, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. (g) Derivative financial instruments Derivatives are initially recognized at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. i) Hedge accounting The Group holds forward exchange contracts, interest rate swaps, currency swaps and other derivative contracts to manage interest rate risk and foreign exchange risk. The Group designated derivatives as hedging instruments to hedge the risk of changes in the fair value of assets, liabilities or firm commitments (a fair value hedge) and foreign currency risk of highly probable forecasted transactions or firm commitments (a cash flow hedge). On initial designation of the hedge, the Group formally documents the relationship between the hedging instrument(s) and hedged item(s), including the risk management objectives and strategy in undertaking the hedge transaction. In addition, this document describes the hedging instrument, hedged item, and the method of evaluating the effect of the hedging instrument offsetting changes in the fair value or cash flow of the hedged item due to the hedged risk at the initiation of the hedging relationship and in subsequent periods. ① Fair value hedge Changes in the fair value of a derivative hedging instrument designated as a fair value hedge are recognized in profit or loss. The gain or loss from remeasuring the hedging instrument at fair value for a derivative hedging instrument and the gain or loss on the hedged item attributable to the hedged risk are recognized in profit or loss in the same line item of the separate statement of comprehensive income. The Group discontinues fair value hedge accounting if the hedging instrument expires or is sold, terminated or exercised, or if the hedge no longer meets the criteria. Any adjustment arising from G/L on the hedged item attributable to the hedged risk is amortized to profit or loss from the date the hedge accounting is discontinued. ② Cash flow hedge When a derivative is designated to hedge the variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable forecasted transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income, net of tax, and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated, exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income is reclassified to profit or loss in the periods during which the forecasted transaction occurs. If the forecasted transaction is no longer expected to occur, then the balance in other comprehensive income is recognized immediately in profit or loss. ③ Net investment hedge The portion of the change in fair value of a financial instrument designated as a hedging instrument that meets the requirements for hedge accounting for a net investment in a foreign operation is recognized in other comprehensive income and the ineffective portion of the hedge is recognized in profit or loss. The portion recognized as other comprehensive income that is effective as a hedge is recognized in the statement of comprehensive income as a result of reclassification adjustments in accordance with IAS 21, “Effect of Changes in Foreign Exchange Rates” at the time of disposing of its overseas operations or disposing of a portion of its overseas operations to profit or loss. ii) Other derivative financial instruments All derivatives except those designated as hedging instruments and are effective in hedging are measured at fair value. Changes in the fair value of other derivative financial instrument not designated as a hedging instrument are recognized immediately in profit or loss. iii) Gains and losses on initial recognition Any difference between the fair value of over the counter derivatives at initial recognition and the amount that would be determined at that date using a valuation technique in a situation in which the valuation is dependent on unobservable parameters is not recognized in profit or loss but is deferred, and the deferred gains and losses on initial transaction are depreciated on a straight-line basis over the life of the instrument or the remainder is recognized in profit or loss immediately when the fair value becomes observable. (h) Expected credit losses of Financial assets The Group recognizes allowance for credit loss(“ACL”) for debt instruments measured at amortized cost and fair value through other comprehensive income, and lease receivable, loan commitments and financial guarantee contracts using the expected credit loss impairment model. Financial assets migrate through the following three stages based on the change in credit risk since initial recognition and allowance for credit loss for the financial assets are measured at the 12-month Category Allowance for credit loss STAGE 1 When credit risk has not increased significantly since the initial recognition 12-months STAGE 2 When credit risk has increased significantly since the initial recognition Lifetime ECL: a lifetime ECL associated with the probability of default events occurring over the remaining lifetime STAGE 3 When assets are impaired Same as above The Group, meanwhile, only recognizes the cumulative changes in lifetime expected credit losses since the initial recognition as an allowance for credit loss for purchased or originated credit-impaired financial assets. The total period refers to the expected life span of the financial instrument up to the contract expiration date. i) Reflection of forward-looking information The Group reflects forward-looking information presented by internal experts based on a variety of information when measuring expected credit losses. Assuming that the measurement factor of expected credit losses has a certain correlation with economic fluctuations, the expected credit losses are calculated by reflecting forward-looking information through modeling between macroeconomic variables and measurement factors. ii) Measurement of expected credit loss of financial assets at amortization cost The expected credit loss of an amortized financial asset is measured as the difference between the present value of the cash flows expected to be received and the cash flow expected to be received. For this purpose, we calculate expected cash flows for individually significant financial assets. For non-individual Expected credit losses are deducted using the allowance for credit loss account and are written off if the financial assets are not recoverable. The allowance for credit loss is increased when the written-off iii) Measurement of estimated credit loss of financial assets at FVOCI The calculation of expected credit losses is the same as for financial assets measured at amortized cost, but changes in allowance for credit loss are recognized in other comprehensive income. In the case of disposal and redemption of other comprehensive income – fair value, the allowance for credit loss is reclassified from other comprehensive income to profit or loss and recognized in profit or loss. (i) Property and equipment Property and equipment are initially measured at cost and after initial recognition. The cost of property and equipment includes expenditures arising directly from the construction or acquisition of the asset, any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Certain land and buildings are measured at fair value at the date of transition to IFRS, which is deemed cost, in accordance with IFRS 1, ‘First-time Adoption of IFRS’ The Group recognizes in the carrying value of an item of property and equipment the cost of replacing part of property and equipment when that cost is incurred if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying value of those parts that are replaced is derecognized. The costs of the day-to-day Land is not depreciated. Other property and equipment are depreciated on a straight-line basis over the estimated useful lives, which most closely reflect the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives for the current and comparative periods are as follows: Descriptions Useful lives Buildings 40~50 years Other properties 4~5 years Depreciation methods, useful lives and residual values are reassessed at each fiscal year-end (j) Intangible assets Intangible assets are measured initially at cost and, subsequently, are carried at cost less accumulated amortization and accumulated impairment losses. Amortization of intangible assets except for goodwill is calculated on a straight-line basis over the estimated useful lives of intangible assets as shown below, from the date that they are available for use. The residual value of intangible assets is zero. However, if there are no foreseeable limits to the periods over which certain intangible assets are expected to be available for use, they are determined to have indefinite useful lives and are not amortized. Descriptions Useful lives Software 5 years Capitalized development cost 5 years Other intangible assets 5 years or contract periods Amortization periods and the amortization methods for intangible assets with finite useful lives are reviewed at the end of each reporting period. The useful lives of intangible assets that are not being amortized are reviewed at the end of each reporting period to determine whether events and circumstances continue to support indefinite useful life assessments for those assets. Changes are accounted for as changes in accounting estimates. Expenditures on research activities, undertaken with the prospect of gaining new technical knowledge and understanding, are recognized in profit or loss as incurred. Development expenditures are capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Other development expenditures are recognized in profit or loss as incurred. (k) Investment properties Investment property is property held either to earn rental income or for capital appreciation or both. An investment property is initially recognized at cost including any directly attributable expenditure. Subsequent to initial recognition, the asset is measured at cost less accumulated depreciation and accumulated impairment losses, if any. The depreciation method and the estimated useful lives for the current and comparative periods are as follows: Descriptions Useful lives Depreciation method Buildings 40 years Straight-line (l) Leases i) Accounting treatment as the lessee The Group leases various tangible assets, such as real estate and vehicles, and each of the lease contract is negotiated individually and includes a variety of terms and conditions. There are no other restrictions imposed by the lease contracts, but the lease assets cannot be provided as collaterals for borrowings. At the commencement date of the lease, the Group recognizes the right-of-use Right-of-use Lease liabilities are measured at the present value of the lease payments that are not paid at the commencement date of the lease, and the lease payments included in the measurement of the liabilities consist of the following payments: • Fixed payments (including in-substance • Variable lease payments depending on the index or rate(interest rate) • Amounts expected to be paid by the lessee under the residual value guarantee • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease If the interest rate implicit in the lease is readily determined, the lease payments are discounted by the rate; if the rate is not readily determined, the lessee’s incremental borrowing rate is used. The cost of the right-of-use • The amount of the initial measurement of the lease liability • Any lease payments made at or before the commencement date (less any lease incentives received) • Any initial direct costs incurred by the lessee • An estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease Lease payments related to short-term leases or low-value low-value W Additional considerations for the Group when accounting for lessees include: Extension and termination options are included in a number of real estate lease contracts of the Group. In determining the lease term, management considers all relevant facts and circumstances that create an economic incentive not to exercise the options. The periods covered by, a) an option to extend the lease if the lessee is reasonably certain to exercise that option, or b) an option to terminate the lease if the lessee is reasonably certain not to exercise that option, is included when determining the lease term. The Group reassesses whether the Group is reasonably certain to exercise the extension option, or not to exercise a termination option, upon the occurrence of either a significant event or a significant change in circumstances that is within the control of the lessee, and affects whether the lessee is reasonably certain to exercise an option not previously included in its determination of the lease term, or not to exercise an option previously included in its determination of the lease term. ii) Accounting treatment as the lessor The Group leases out to lessee various tangible assets, including vehicles under operating and finance lease contracts, and each of the lease contract is negotiated individually and includes a variety of terms and conditions. The risk management method for all rights held by the Group in the underlying assets includes repurchase agreements, residual value guarantees, etc. ① Finance leases The Group recognizes them as a receivable at an amount equal to the net investment in the lease, and the difference from the carrying value of the leasing asset as of the commencement date is recognized as profit or loss from disposal of the lease asset. In addition, interest income is recognized by applying the effective interest method for the amount of the Group’s net investment in finance leases. Lease-related direct costs are included in the initial recognition of financial lease receivables and are accounted for in a way that reduces the revenue for the lease term. ② Operating leases The Group recognizes the lease payments as income on straight-line basis, and adds the lease initial direct costs incurred during negotiation and contract phase of the operating lease to the carrying value of the underlying asset. In addition, the depreciation policy of operating lease assets is consistent with the Group’s depreciation policy of other similar assets. (m) Assets held for sale Non-current non-current The Group recognizes an impairment loss for any initial or subsequent write-down of an asset (or disposal group) to fair value less costs to sell, and a gain for any subsequent increase in fair value less costs to sell, up to the cumulative impairment loss previously recognized. An asset that is classified as held for sale or part of a disposal group classified as held for sale is not depreciated (or amortized). (n) Impairment of non-financial The carrying values of the Group’s non-financial non-current Goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, irrespective of whether there is any indication of impairment, are tested for impairment annually by comparing their recoverable amount to their carrying value. The Group estimates the recoverable amount of an individual asset, and if it is impossible to measure the individual recoverable amount of an asset, then the Group estimates the recoverable amount of cash-generating unit (“CGU”). The recoverable amount of an asset or a CGU is the greater of its value in use and its fair value less costs to sell. The value in use is estimated by applying a pre-tax An impairment loss is recognized if the carrying value of an asset or a CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. Goodwill acquired in a business combination is allocated to each CGU that is expected to benefit from the synergies arising from the goodwill acquired. Any impairment identified at the CGU level will first reduce the carrying value of goodwill and then be used to reduce the carrying value of the other assets in the CGU on a pro rata basis. Impairment losses of goodwill cannot be reversed in the subsequent period. At the end of each reporting period, the Group reviews whether there are any signs of impairment loss that has been recognized in the prior period no longer exists or has decreased, and reversal occurs only if there is a change in the estimate used to determine the recoverable amount after the recognition of the impairment loss. The asset’s carrying value does not exceed the carrying value that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. (o) Non-derivative The Group recognizes financial liabilities in the consolidated statement of financial position when the Group becomes a party to the contractual provisions of the financial liability in accordance with the substance of the contractual arrangement and the definitions of financial liabilities. Transaction costs on the financial liabilities at FVTPL are recognized in profit or loss as incurred. i) Financial liabilities designated at FVTPL Financial liabilities can be irrevocably designated as measured at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise from measuring |
Financial risk management
Financial risk management | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of financial risk management [Abstract] | |
Financial risk management | 4. Financial risk management (a) Overview Shinhan Financial Group Co., Ltd. (collectively the “Group”) manages various risks that may be arisen by each business sector and the major risks to which the Group is exposed include credit risk, market risk, interest rate risk, and liquidity risk. These risks are recognized, measured, controlled and reported in accordance with risk management guidelines established at the controlling company level and at the subsidiary level. i) Risk management principles The risk management principles of the Group are as follows: • All business activities take into account the balance of risks and profits within a predetermined risk trend. • The controlling company shall present the Group Risk Management Model Standards and supervise their compliance, and have responsibility and authority for group-level monitoring. • Operate a risk-related decision-making system that enhances management’s involvement. • Organize and operate risk management organizations independent of the business sector. • Operate a performance management system that clearly considers risks when making business decisions. • Aim for preemptive and practical risk management functions. • Share a cautious view to prepare for possible deterioration of the situation. ii) Risk management organization The basic policies and strategies for risk management of the Group are established by the Risk Management Committee (collectively the “Group Risk Management Committee”) within the controlling company’s Board of Directors. The Group’s Chief Risk Management Officer (CRO) assists the Group Risk Management Committee and consults the risk policies and strategies of the group and each subsidiary through the Group Risk Council, which includes the Chief Risk Management Officer of each subsidiary. The subsidiary implements the risk policies and strategies of the Group through each company’s risk management committee, risk-related committee, and risk management organization, and consistently establishes and implements the detailed risk policies and strategies of the subsidiary. The risk management team of the controlling company assists the Group’s chief risk management officer for risk management and supervision. Shinhan Financial Group has a hierarchical limit system to manage the risks of the Group to an appropriate level. The Group Risk Management Committee sets the risk limits that can be assumed by the Group and its subsidiaries, while the Risk Management Committee and the Committee of each subsidiary set and manage detailed risk limits by risk, department, desk and product types. ① Group Risk Management Committee The Group established the risk management system for the Group and each of its subsidiaries, and comprehensively manages group risk-related matters such as establishing risk policies, limits, and approvals. The Committee consists of directors of the Group. The resolution of the Committee is as follows: • Establish risk management basic policy in line with management strategy • Determine the level of risk that can be assumed by the Group and each subsidiary • Approve appropriate investment limit or loss allowance limit • Enact and amend the Group Risk Management Regulations and the Group Risk Council Regulations • Matters concerning risk management organization structure and division of duties • Matters concerning the operation of the risk management system; • Matters concerning the establishment of various limits and approval of limits • Make decisions on approval of the FSS’s internal rating law for non-retail • Matters concerning risk disclosure policy • Analysis of crisis situation, related capital management plan and financing plan • Matters deemed necessary by the board of directors • Materials required by external regulations such as the Financial Services Commission and other regulations and guidelines • Matters deemed necessary by the Chairman The resolution of the Group Risk Management Committee is reported to the Board of Directors. ② Group Risk Management Council In order to maintain the Group’s risk policy and strategy consistently, the Group decides what is necessary to discuss the risks of the Group and to carry out the policies set by the Group Risk Management Committee. The members are chaired by the group’s risk management officer and consist of the risk management officers of major subsidiaries. iii) Group Risk Management System ① Management of the risk capital Risk capital refers to the capital required to compensate for the potential loss (risk) if it is actually realized. Risk capital management refers to the management of the risk assets considering its risk appetite, which is a datum point on the level of risk burden compared to available capital, so as to maintain the risk capital at an appropriate level. The Group and subsidiaries establish and operate a risk planning process to reflect the risk plan in advance when establishing financial and business plans for risk capital management, and establish a risk limit management system to control risk to an appropriate level. ② Risk Monitoring In order to proactively manage risks by periodically identifying risk factors that can affect the group’s business environment, the Group has established a multi-dimensional risk monitoring system. Each subsidiary is required to report to the Group on key issues that affect risk management at the group level. The Group prepares weekly, monthly and occasional monitoring reports to report to Group management including the CRO. In addition, the Risk Dash Board is operated to derive abnormal symptoms through three-dimensional monitoring of major portfolios, increased risks, and external environmental changes (news) of assets for each subsidiary. If necessary, the Group takes preemptive risk management to establish and implement countermeasures. ③ Risk Reviewing When conducting new product , pre-defined ④ Risk management The Group maintains a group wide risk management system to detect the signals of any risk crisis preemptively and, in the event of a crisis actually happening, to respond on a timely, efficient and flexible basis so as to ensure the Group’s survival as a going concern. Each subsidiary maintains crisis planning for three levels of contingencies, namely, ‘alert’, ‘imminent crisis’ and ‘crisis’ determination of which is made based on quantitative and qualitative monitoring and consequence analysis, and upon the happening of any such contingency, is required to respond according to a prescribed contingency plan. At the controlling company level, the Group maintains and installs crisis detection and response system which is applied consistently group-wide, and upon the happening of any contingency at two or more subsidiary level, the Group directly takes charge of the situation so that the Group manages it on a concerted group wide basis. (b) Credit risk Credit risk is the risk of potential economic loss that may be caused if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and is the largest risk which the Group is facing. The Group’s credit risk management encompasses all areas of credit that may result in potential economic loss, including not just transactions that are recorded on balance sheets, but also off-balance-sheet Shinhan Bank’s basic policy on credit risk management is determined by the Risk Policy Committee. The Risk Policy Committee consists of the chairman of the CRO, the Chief Credit Officer (CCO), the head of the business group, and the head of the risk management department, and decides the credit risk management plan and the direction of the loan policy for the entire bank. Apart from the Risk Policy Committee, the Credit Review Committee is established to separate credit monitoring, such as large loans and limit approval, and is composed of chairman, the CCO, CRO and the head of the group in charge of the credit-related business group, the head of the credit planning department, and the senior examination team to enhance the credit quality of the loan and profitability of operation. Shinhan Bank’s credit risk management includes processes such as credit evaluation, credit monitoring, and credit supervision, and credit risk measurement of counterparties and limit management processes and credit risk measurements for portfolios. All loan customers of Shinhan Bank are evaluated and managed with credit ratings. Retail customers are evaluated by summing up the information of personal information the bank’s internal information and external credit information, and the corporate customers are evaluated by considering financial and non-financial The Bank operates a regular monitoring system for the regular management of individual loans. The loan officers and RM evaluate the adequacy of the result of the loan review by automatically searching for anticipated insolvent companies among business loan partners, and if necessary, the credit rating of the corporate is requested of an adjustment. In accordance with these procedures, the corporate customers are classified as an early warning company, an observation company, and a normal company, and then are managed differently according to the management guidelines for each risk stage, thereby preventing the insolvency of the loan at an early stage. The financial analysis support system affiliated with a professional credit rating agency supports credit screening and management, and the credit planning department calculates and manages industrial grades, and analyzes and provides industry trends and company information. In order to control the credit risk for the credit portfolio to an appropriate level, credit VaR limits are set and managed for each business and business sector, and to prepare for the credit risk caused by biased exposure to specific sectors, the Group sets and manages exposure limits for each sector by the party, industry, country, etc. Shinhan Card’s basic policy on credit risk is determined by the Risk Management Committee. The Risk Management Committee consists of the Risk Management Officer (CRO) as the chairperson, and is composed of the heads of each business division and supporting division, and the heads of related departments. Apart from the RMC, a credit committee in charge of monitoring corporate credits and other important credits over a certain amount has been established to separate credit policy decisions from credit monitoring. Shinhan Card’s credit rating system is divided into ASS(Application Scoring System) and BSS(Behavior Scoring System). Unless a customer fall under “rejections due to policy” (such circumstances include delinquency of other credit card companies) and his/her credit rating is above a certain rate, an application of AS is approved. There is a separate screening criterion for credit card customers, who has maintained its relationship with Shinhan Financial Group for a long-term and has a good credit history. In addition, the elements of credit ratings are used as the basis for setting limits when issuing cards. The BSS, which is recalculated monthly, predicts the delinquency probability of cardholders, and utilizes it to monitor members and monitor portfolio risk. i) Techniques, assumptions and input variables used to measure impairment i-1) At the end of each reporting period, the Group assesses whether the credit risk on a financial instrument has increased significantly since initial recognition. When making the assessment, the Group uses the change in the risk of a default occurring over the expected life of the financial instrument instead of the change in the amount of expected credit losses. To make the assessment, the Group compares the risk of a default occurring on the financial instrument as at the reporting date with the risk of a default occurring on the financial instrument as at the date of initial recognition and considers reasonable and supportable information, that is available without undue cost or effort, and is indicative of significant increases in credit risk since initial recognition. Information includes the default experience data held by the Group and analysis by an internal credit rating expert. i-1-1) The Group assigns an internal credit risk rating to each individual exposure based on observable data and historical experiences that have been found to have a reasonable correlation with the risk of default. The internal credit risk rating is determined by considering both qualitative and quantitative factors that indicate the risk of default, which may vary depending on the nature of the exposure and the type of borrower. i-1-2) Internal credit risk rating is the main variable inputs to determine the duration structure for the risk of default. The Group accumulates information after analyzing the information regarding exposure to credit risk and default information by the type of product and borrower and results of internal credit risk assessment. For some portfolios, the Group uses information obtained from external credit rating agencies when performing these analyzes. The Group applies statistical techniques to estimate the probability of default for the remaining life of the exposure from the accumulated data and to estimate changes in the estimated probability of default over time. i-1-3) The Group uses the indicators defined as per portfolio to determine the significant increase in credit risk and such indicators generally consist of changes in the risk of default estimated from changes in the internal credit risk rating, qualitative factors, days of delinquency, and others. The method used to determine whether credit risk of financial instruments has significantly increased after the initial recognitions is summarized as follows: Corporate exposures Retail exposures Card exposures Significant change in credit ratings Significant change in credit ratings Significant change in credit ratings Continued past due more than 30 days Continued past due more than 30 days Continued past due more than 7 days(personal card) Loan classification of precautionary or below Loan classification of precautionary or below Loan classification of precautionary or below Borrower with early warning signals Borrower with early warning signals Specific pool segment Negative net assets Specific pool segment Adverse audit opinion or disclaimer of opinion Collective loans for housing for which the constructors are insolvent Interest coverage ratio below 1 for a consecutive period of three years or negative cash flows from operating activities for a consecutive period of two years Loans with identified indicators for significant increases in other credit risk Loans with identified indicators for significant increases in other credit risk The Group assumes that the credit risk of the financial instrument has been increased significantly since initial recognition if a specific exposure is past due more than 30 days (except, for a specific portfolio if it is past due more than 7 days). The Group counts the number of days past due from the earliest date on which the Group fails to fully receive the contractual payments from the borrower, and does not take into account the grace period granted to the borrower. The Group regularly reviews the criteria for determining if there have been significant increases in credit risk from the following perspective: • A significant increase in credit risk shall be identified prior to the occurrence of default. • The criteria established to judge the significant increase in credit risk shall have a more predictive power than the criteria for days of delinquency. i-2) If the contractual cash flows on a financial asset have been modified through renegotiation and the financial asset is not derecognized, the Group assesses whether there has been a significant increase in the credit risk of the financial instrument by comparing the risk of a default occurring at initial recognition based on the original, unmodified contractual terms and the risk of a default occurring at the reporting date based on the modified contractual terms. The Group may adjust the contractual cash flows of loans to customers who are in financial difficulties in order to manage the risk of default and enhance the collectability (hereinafter referred to as ‘debt restructuring’). These adjustments generally involve extension of maturity, changes in interest payment schedule, and changes in other contractual terms. Debt restructuring is a qualitative indicator of a significant increase in credit risk and the Group recognizes lifetime expected credit losses for the exposure expected to be the subject of such adjustments. If a borrower faithfully makes payments of contractual cash flows that are modified in accordance with the debt restructuring or if the borrower’s internal credit rating has recovered to the level prior to the recognition of the lifetime expected credit losses, the Group recognizes the 12-month i-3) The Group considers a financial asset to be in default if it meets one or more of the following conditions: • If a borrower is overdue 90 days or more from the contractual payment date, • If the Group judges that it is not possible to recover principal and interest without enforcing the collateral on a financial asset The Group uses the following indicators when determining whether a borrower is in default: • Qualitative factors (e.g. breach of contractual terms), • Quantitative factors (e.g. if the same borrower does not perform more than one payment obligations to the Group, the number of days past due per payment obligation. However, in the case of a specific portfolio, the Group uses the number of days past due for each financial instrument), • Internal observation data and external data The definition of default applied by the Group generally conforms to the definition of default defined for regulatory capital management purposes; however, depending on the situations, the information used to determine whether a default has occurred and the extent thereof may vary. i-4) The Group reflects future forward-looking information presented by a group of internal experts based on various information when measuring expected credit losses. The Group utilizes economic forecasts disclosed by domestic and foreign research institutes, governments, and public institutions to predict forward-looking information. The Group reflects future macroeconomic conditions anticipated from a neutral standpoint that is free from bias in measuring expected credit losses. Expected credit losses in this respect reflect conditions that are most likely to occur and are based on the same assumptions that the Group used in its business plan and management strategy. The Group analyzed the data experienced in the past, derived correlations between major macroeconomic variables and credit risks required for predicting credit risk and credit loss for each portfolio, and then reflected future forecast information through regression estimation. To reflect the COVID-19 ① Upside scenario Major variables(*1) Correlation between 2020.4Q (*2) 2021 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) 0.0 3.9 3.0 4.3 Private consumption index(YoY %) (- ) (4.8 ) 3.0 2.3 3.5 4.1 Facility investment growth rate(YoY %) (- ) 3.5 5.5 6.5 1.5 5.0 Consumer price index growth rate(%) (- ) 0.3 0.6 0.9 0.8 0.9 Balance on current account(billion dollars) (- ) 170.0 130.0 160.0 190.0 180.0 Government bond 3y yields(%) — 0.90 1.00 1.00 1.10 1.10 ② Central scenario Major variables(*1) Correlation 2020.4Q (*2) 2021 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) (0.7 ) 3.6 2.5 3.7 Private consumption index(YoY %) (- ) (4.8 ) 2.6 2.1 3.0 3.5 Facility investment growth rate(YoY %) (- ) 3.5 5.0 6.0 0.8 4.5 Consumer price index growth rate(%) (- ) 0.3 0.5 0.9 0.7 0.8 Balance on current account(billion dollars) (- ) 170.0 120.0 150.0 180.0 170.0 Government bond 3y yields(%) — 0.90 1.00 1.00 1.00 1.00 ③ Downside scenario Major variables(*1) Correlation 2020.4Q (*2) 2021 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) (1.5 ) 2.3 1.7 3.0 Private consumption index(YoY %) (- ) (4.8 ) 1.9 1.1 2.6 3.4 Facility investment growth rate(YoY %) (- ) 3.5 3.5 4.5 (1.0 ) 3.0 Consumer price index growth rate(%) (- ) 0.3 0.4 0.8 0.6 0.7 Balance on current account(billion dollars) (- ) 170.0 110.0 140.0 170.0 160.0 Government bond 3y yields(%) — 0.90 1.10 1.10 1.10 1.10 (*1) Shinhan Bank applied the private consumption index and facility investment growth rate as the major variables. In addition, Shinhan Card applied the GDP growth rate, consumer price index growth rate, facility investment growth rate, consumer price index growth rate, balance on current account, and government bond 3y yields as the major variables. In addition to the table above, the Group has selected additional forecasts for the KOSPI. (*2) Considering the default forecast period, the Group reflected the future economic outlook. (*3) The macroeconomic outlook figures are estimated by the Group for the purpose of calculating expected credit losses based on information from domestic and foreign research institutes. Therefore, it could be different from other institutions’ estimates. ① Upside scenario Major variables(*1) Correlation 2021.4Q (*2) 2022 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) 4.1 3.0 3.1 3.8 3.7 Private consumption index(YoY %) (- ) 6.3 5.1 2.5 3.7 3.8 Facility investment growth rate(YoY %) (- ) 4.1 0.5 1.2 5.0 5.1 Consumer price index growth rate(%) (- ) 3.6 2.6 2.4 2.0 2.0 Balance on current account(billion dollars) (- ) 202.0 230.0 200.0 220.0 230.0 Government bond 3y yields(%) — 1.87 1.90 1.90 2.00 2.00 ② Central scenario Major variables(*1) Correlation 2021.4Q (*2) 2022 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) 4.1 2.3 2.4 3.0 3.4 Private consumption index(YoY %) (- ) 6.3 4.4 1.8 2.9 3.5 Facility investment growth rate(YoY %) (- ) 4.1 0.2 0.8 4.5 4.9 Consumer price index growth rate(%) (- ) 3.6 2.7 2.5 2.2 2.0 Balance on current account(billion dollars) (- ) 202.0 220.0 180.0 200.0 220.0 Government bond 3y yields(%) — 1.87 1.80 1.80 1.90 1.90 ③ Downside scenario Major variables(*1) Correlation between 2021.4Q (*2) 2022 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) 4.1 1.3 1.3 1.8 3.1 Private consumption index(YoY %) (- ) 6.3 3.4 0.7 1.8 3.1 Facility investment growth rate(YoY %) (- ) 4.1 (0.5 ) 0.3 4.3 4.5 Consumer price index growth rate(%) (- ) 3.6 3.2 3.0 3.0 2.8 Balance on current account(billion dollars) (- ) 202.0 200.0 170.0 180.0 200.0 Government bond 3y yields(%) — 1.87 2.00 2.00 2.20 2.40 (*1) Shinhan Bank applied the GDP growth rate and private consumption index as the major variables. In addition, Shinhan Card applied the GDP growth rate, facility investment growth rate, consumer price index growth rate, and balance on current account as the major variables. In addition to the table above, the Group has selected additional forecasts for the KOSPI. (*2) Considering the default forecast period, the Group reflected the future economic outlook. (*3) The macroeconomic outlook figures are estimated by the Group for the purpose of calculating expected credit losses based on information from domestic and foreign research institutes. Therefore, it could be different from other institutions’ estimates. The predicted correlations between the macroeconomic variables and the risk of default, used by the Group, are derived based on long-term data over the past ten years. The recent historical default rate is an important reference when estimating the default rate in consideration of the future economic outlook. Economic indicators have worsened in 2021 due to the economic contraction caused by the COVID-19. COVID-19. The Group has considered multiple economic scenarios in applying forward-looking information to measure the expected credit losses. Assuming a 100% weighting of Upside, Central, and Downside scenarios, the sensitivity to the Group’s provision for expected credit loss is not significant. i-5) Key variables used in measuring expected credit losses are as follows: • Probability of default (“PD”) • Loss given default (“LGD”) • Exposure at default (“EAD”) These variables have been estimated from historical experience data by using the statistical techniques developed internally by the Group and have been adjusted to reflect forward-looking information. Estimates of PD over a specified period are estimated by reflecting characteristics of counterparties and their exposure, based on a statistical model at a specific point of time. The Group uses its own information to develop a statistical credit assessment model used for the estimation, and additional information observed in the market is considered for some portfolios such as a group of large corporates. When a counterparty or exposure is concentrated in specific grades, the method of measuring PD for those grades would be adjusted, and the PD by grade is estimated by considering contract expiration of the exposure. LGD refers to the expected loss if a borrower defaults. The Group calculates LGD based on the experience recovery rate measured from past default exposures. The model for measuring LGD is developed to reflect type of collateral, seniority of collateral, type of borrower, and cost of recovery. In particular, LGD for retail loan products uses loan to value (LTV) as a key variable. The recovery rate reflected in the LGD calculation is based on the present value of recovery amount, discounted at the effective interest rate. EAD refers to the expected exposure at the time of default. The Group derives EAD reflecting a rate at which the current exposure is expected to be used additionally up to the point of default within the contractual limit. EAD of financial assets is equal to the total carrying value of the asset, and EAD of loan commitments or financial guarantee contracts is calculated as the sum of the amount expected to be used in the future. In measuring expected credit losses on financial assets, the Group uses the contractual maturity as the period subject to expected credit loss measurement. The contractual maturity is computed taking into account the extension right held by the borrower. Risk factors of PD, LGD and EAD are collectively estimated according to the following criteria: • Type of products • Internal credit risk rating • Type of collateral • Loan to value (“LTV”) • Industry that the borrower belongs to • Location of the borrower or collateral • Days of delinquency The criteria classifying groups is periodically reviewed to maintain homogeneity of the group and adjusted if necessary. The Group uses external benchmark information to supplement internal information for a particular portfolio that did not have sufficient internal data accumulated from the past experience. i-6) Write-off The Group writes off a portion of or entire loan or debt security that is not expected to receive its principal and interest. In general, the Group conducts write-off write-off write-off, write-off ii) Maximum exposure to credit risk Exposure to credit risk is the exposure related to due from banks, loans, investments in debt securities, derivative transactions, off-balance The Group’s maximum exposure to credit risk without taking into account of any collateral held or other credit enhancements as of December 31, 2020 and 2021 is as follows: 2020 2021 Due from banks and loans at amortized cost (*1),(*3): Banks W 17,016,263 14,166,508 Retail 170,314,316 186,358,002 Government/Public sector/Central bank 24,778,332 15,251,465 Corporations 152,895,324 172,527,573 Card receivable 22,822,546 25,065,621 387,826,781 413,369,169 Due from banks and loans at fair value through profit or loss(*3): Banks 93,109 34,262 Corporations 1,986,804 1,683,344 2,079,913 1,717,606 Securities at fair value through profit or loss 55,275,031 58,310,838 Securities at fair value through other comprehensive income 57,409,433 63,806,919 Securities at amortized cost(*1) 47,282,623 49,930,076 Derivative assets 5,633,915 3,799,189 Other financial assets(*1),(*2) 20,341,191 23,238,932 Guarantee contracts(*4) 4,481,506 5,399,286 Loan commitments and other credit liabilities 187,067,821 193,853,866 W 767,398,214 813,425,881 (*1) The maximum exposure amounts for due from banks, loans, securities at amortized cost and other financial assets at amortized cost are recorded as net of allowances. (*2) Other financial assets mainly comprise of accounts receivable, accrued income, deposits, domestic exchange settlement debit and suspense payments. (*3) Classified as similar credit risk group based on calculation of the BIS ratio under new Basel Capital Accord (Basel III). (*4) These amounts represent financial guarantees, and the non-financial W W iii) The maximum amount of exposure to credit risk by type of collateral as of December, 31, 2020 and 2021 is as follows: 2020 12 months Life time expected credit loss Total Classification Not impaired Impaired Guarantee W 36,355,387 5,944,417 185,777 42,485,581 Deposits and Savings 1,258,934 313,723 1,509 1,574,166 Property and equipment 1,301,810 324,098 12,341 1,638,249 Real estate 109,092,694 13,914,172 311,946 123,318,812 Securities 2,181,874 108,718 88,025 2,378,617 Others 4,830,557 — 1,943 4,832,500 Total W 155,021,256 20,605,128 601,541 176,227,925 2021 12 months Life time expected credit loss Total Classification Not impaired Impaired Guarantee W 61,890,908 8,354,723 214,589 70,460,220 Deposits and Savings 2,166,075 285,965 2,446 2,454,486 Property and equipment 1,560,567 416,545 20,162 1,997,274 Real estate 127,505,563 14,318,098 256,972 142,080,633 Securities 1,906,005 128,293 7 2,034,305 Others 5,035,546 — 5,495 5,041,041 Total W 200,064,664 23,503,624 499,671 224,067,959 iv) Impairment information by credit risk of financial assets Details of impaired financial assets due to credit risk as of December 31, 2020 and 2021 are as follows: 2020 12-month Life time expected credit loss Total Allowances Net Mitigation of due to Grade 1 Grade 2 Grade 1 Grade 2 Impaired Due from banks and loans at amortized cost: Banks W 14,935,722 1,996,948 87,084 10,027 — 17,029,781 (13,518 ) 17,016,263 29,994 Retail 152,159,976 8,385,069 6,062,587 3,686,863 574,354 170,868,849 (554,533 ) 170,314,316 91,711,254 Government/Public sector/Central bank 23,849,701 834,912 96,183 1,748 — 24,782,544 (4,212 ) 24,778,332 9,000 Corporations 93,740,349 34,637,533 11,391,410 13,758,332 982,037 154,509,661 (1,614,337 ) 152,895,324 83,580,715 Card receivable 16,995,332 2,304,536 1,754,723 2,197,877 454,451 23,706,919 (884,373 ) 22,822,546 6,845 301,681,080 48,158,998 19,391,987 19,654,847 2,010,842 390,897,754 (3,070,973 ) 387,826,781 175,337,808 Securities at fair value through other comprehensive income (*) 48,506,057 8,636,241 — 267,135 — 57,409,433 — 57,409,433 — Securities at amortized cost 45,888,769 1,404,340 — — — 47,293,109 (10,486 ) 47,282,623 — W 396,075,906 58,199,579 19,391,987 19,921,982 2,010,842 495,600,296 (3,081,459 ) 492,518,837 175,337,808 (*) Credit loss allowance recognized as other comprehensive income of securities at fair value through other comprehensive income amounted to W 2021 12-month Life time expected credit loss Total Allowances Net Mitigation of due to Grade 1 Grade 2 Grade 1 Grade 2 Impaired Due from banks and loans at amortized cost: Banks W 10,793,973 3,278,144 112,254 434 — 14,184,805 (18,297 ) 14,166,508 133,618 Retail 169,313,467 7,015,361 7,900,192 2,127,173 581,534 186,937,727 (579,725 ) 186,358,002 126,988,030 Government/Public sector/Central bank 14,531,532 710,527 17,433 257 — 15,259,749 (8,284 ) 15,251,465 9,000 Corporations 101,866,101 44,060,819 10,743,965 16,702,928 853,977 174,227,790 (1,700,217 ) 172,527,573 93,682,859 Card receivable 18,793,517 2,541,833 1,829,837 2,350,634 428,068 25,943,889 (878,268 ) 25,065,621 8,774 315,298,590 57,606,684 20,603,681 21,181,426 1,863,579 416,553,960 (3,184,791 ) 413,369,169 220,822,281 Securities at fair value through other comprehensive income (*) 56,176,008 7,478,125 — 152,786 — 63,806,919 — 63,806,919 — Securities at amortized cost 48,305,398 1,605,335 — 36,290 — 49,947,023 (16,947 ) 49,930,076 — W 419,779,996 66,690,144 20,603,681 21,370,502 1,863,579 530,307,902 (3,201,738 ) 527,106,164 220,822,281 (*) Credit loss allowance recognized as other comprehensive income of securities at fair value through other comprehensive income amounted to W v) Credit risk exposures per credit grade of off-balance Credit risk exposures per credit grade of off-balance 2020 Grade 1 Grade 2 Impaired Total Guarantee contracts(*): 12-month W 2,884,641 1,110,945 — 3,995,586 Life time expected credit loss 308,785 176,977 — 485,762 Impaired — — 158 158 3,193,426 |
Significant estimates and judgm
Significant estimates and judgments | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of changes in accounting estimates [abstract] | |
Significant estimates and judgments | 5. Significant estimates and judgments The preparation of financial statements requires the Group to make estimates and assumptions concerning the future. Management also needs to exercise judgment in applying the Group’s accounting policies. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. As the resulting accounting estimates will, by definition, seldom equal the related actual results, it can contain a significant risk of causing a material adjustment. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying values of assets and liabilities within the next financial year are discussed below. (a) Estimation of impairment of goodwill The Group reviews the goodwill annually in accordance with the accounting policy in Note 3. The recoverable amount of the cash-generating unit (group) is determined based on the value-in-use (b) Income taxes The Group is subject to tax laws from various countries. In the normal course of business, there are various types of transactions and different accounting methods that may add uncertainties to the decision of the final income taxes. The Group has recognized current and deferred taxes that reflect tax consequences based on the best estimates in which the Group expects, at the end of the reporting period, to recover or settle the carrying value of its assets and liabilities. However, actual income taxes in the future may not be identical to the recognized deferred tax assets and liabilities, and this difference can affect current and deferred tax at the period when the final tax effect is determined. (c) Fair value of financial instruments The fair values of financial instruments (e.g. over-the-counter (d) Allowance for credit loss, guarantees and unused loan commitments The Group determines and recognizes allowances for losses on debt securities, loans and other receivables measured at amortized cost or FVOCI, and recognizes provisions for guarantees and unused loan commitments through impairment testing. The accuracy of allowances and provisions for credit losses are determined by the estimation of expected cash flows for individually assessed allowances, and methodology and assumptions used for collectively assessed allowances and provisions for groups of loans, guarantees and unused loan commitments. |
Investment in subsidiaries
Investment in subsidiaries | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of subsidiaries [abstract] | |
Investment in subsidiaries | 6. Investment in subsidiaries (a) The summarized financial information of the controlling company and the Group’s major subsidiaries as of December 31, 2020 and 2021 is as follows: 2020 2021 Investees (*1)(*2) Asset balance Liability balance Equity balance Asset balance Liability balance Equity balance Shinhan Financial Group(separate) W 35,483,914 10,426,817 25,057,097 36,815,893 10,410,517 26,405,376 Shinhan Bank 427,675,103 400,009,589 27,665,514 467,435,213 438,199,575 29,235,638 Shinhan Card Co., Ltd. 34,885,223 28,465,675 6,419,548 38,472,228 31,737,225 6,735,003 Shinhan Investment Corp. 46,632,433 42,258,341 4,374,092 44,446,803 39,421,314 5,025,489 Shinhan Life Insurance Co., Ltd. (*3) 36,777,496 34,232,052 2,545,444 70,535,556 65,382,992 5,152,564 Orange Life Insurance Co., Ltd. (*3) 33,813,587 30,574,073 3,239,514 — — — Shinhan Capital Co., Ltd. 8,901,349 7,710,010 1,191,339 10,921,698 9,189,041 1,732,657 Jeju Bank 6,531,838 6,022,397 509,441 6,944,214 6,428,269 515,945 Shinhan Credit Information Co., Ltd. 27,806 10,826 16,980 31,377 12,334 19,043 Shinhan Alternative Investment Management Inc. 87,053 71,591 15,462 114,973 70,449 44,524 Shinhan Asset Management Co., Ltd. 191,127 20,530 170,597 242,760 40,181 202,579 SHC Management Co., Ltd. 9,644 — 9,644 9,636 — 9,636 Shinhan DS 95,150 70,916 24,234 92,591 52,804 39,787 Shinhan Savings Bank 1,842,231 1,635,433 206,798 2,644,942 2,413,176 231,766 Asia Trust Co., Ltd. 259,899 85,274 174,625 373,267 122,038 251,229 Shinhan AITAS Co., Ltd. 87,378 12,159 75,219 90,116 9,786 80,330 Shinhan REITs Management Co., Ltd. 52,555 8,582 43,973 63,026 10,584 52,442 Shinhan AI Co., Ltd. 42,903 1,890 41,013 44,031 2,563 41,468 Shinhan Venture Investment Co., Ltd. 72,550 12,697 59,853 98,914 23,331 75,583 (*1) The consolidated financial statements of the consolidated subsidiaries are based on consolidated financial statements, if applicable. (*2) Trusts, beneficiary certificates, securitization special limited liability companies, associates and private equity investment specialists that are not actually operating their own business are excluded. (*3) Shinhan Life Insurance Co., Ltd. and Orange Life Insurance Co., Ltd. were merged on July 1, 2021. After the merger, the name is Shinhan Life Insurance Co., Ltd. (b) The summarized income information of the controlling company and the Group’s major subsidiaries for the years ended December 31, 2019, 2020 and 2021 is as follows: 2019 2020 2021 Investees (*1)(*2) Operating Income Net Income (*3) Comprehensive Operating Income Net Income (*3) Comprehensive Operating Income Net Income (*3) Comprehensive Shinhan Financial Group (separate) W 1,480,030 1,129,173 1,127,202 1,718,407 1,274,443 1,274,892 1,875,675 1,413,956 1,413,675 Shinhan Bank 23,145,476 2,329,268 2,527,665 25,049,392 2,078,232 1,911,575 23,540,347 2,494,894 2,396,829 Shinhan Card Co., Ltd. 3,892,257 509,032 486,114 4,091,178 606,554 599,451 4,359,627 676,297 710,090 Shinhan Investment Corp. 6,139,926 220,764 225,963 9,290,965 154,531 147,210 7,592,350 320,662 366,000 Shinhan Life Insurance Co., Ltd. 5,413,175 123,870 326,783 5,405,933 177,834 227,596 7,079,569 174,811 (162,161 ) Orange Life Insurance Co., Ltd. (*4) 4,662,085 271,455 433,510 4,456,340 279,282 132,425 2,112,353 216,826 (96,157 ) Shinhan Capital Co., Ltd. 455,246 126,050 123,032 626,455 160,583 162,134 783,890 274,855 275,760 Jeju Bank 239,732 27,934 30,519 214,615 17,521 16,557 204,543 18,446 11,739 Shinhan Credit Information Co., Ltd. 38,648 507 658 42,658 1,493 1,650 42,417 1,936 2,079 Shinhan Alternative Investment Management Inc. 32,401 2,144 2,144 17,219 3,433 3,433 28,010 9,163 9,163 Shinhan Asset Management Co., Ltd. 84,256 23,090 22,655 88,870 26,663 26,663 107,598 32,152 32,066 SHC Management Co., Ltd. 154 82 82 70 5 5 — (7 ) (7 ) Shinhan DS 138,697 2,074 1,292 164,327 1,862 2,845 244,445 4,100 5,653 Shinhan Savings Bank 116,849 23,122 22,972 123,590 26,953 26,888 163,643 30,310 30,037 Asia Trust Co., Ltd. 54,920 18,098 18,128 102,816 45,791 45,765 144,971 76,455 76,604 Shinhan AITAS Co., Ltd. 51,823 10,821 10,821 58,599 13,020 12,954 53,005 9,816 9,816 Shinhan REITs Management Co., Ltd. 7,342 7,414 7,411 12,176 3,764 3,764 16,440 8,481 8,469 Shinhan AI Co., Ltd. 3,088 (654 ) (654 ) 10,246 304 284 12,106 478 455 Shinhan Venture Investment Co., Ltd. (*5) — — — 3,500 (1,146 ) (1,015 ) 32,134 15,929 15,750 (*1) The consolidated financial statements of the consolidated subsidiaries are based on consolidated financial statements, if applicable. (*2) Trusts, beneficiary certificates, securitization special limited liability companies, associates and private equity investment specialists that are not actually operating their own business are excluded. (*3) This amount includes non-controlling (*4) For the Orange Life Insurance Co., Ltd., the amount is from the consolidated statements of operating revenue, net income and comprehensive income for six months before the merger date. (*5) For the acquired company, the amount is from the consolidated statements of comprehensive income for the period after the acquisition point. (c) Change in the scope of consolidation i) Change in consolidated subsidiaries for the year ended December 31, 2020 are as follows: Company Description Included Shinhan Venture Investment Co., Ltd. Newly acquired subsidiary Included SBJDNX Newly invested subsidiary Included Shinhan Financial Plus Co., Ltd Newly invested subsidiary Excluded Shinhan Asia Ltd. Liquidation (*) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded. ii) Change in consolidated subsidiaries for the year ended December 31, 2021 are as follows: Company Description Included Shinhan Life Insurance Vietnam Co., Ltd. Newly acquired subsidiary Included Shinhan CubeOn Co., Ltd. Newly acquired subsidiary Excluded Orange Life Insurance Co., Ltd. Extinguished due to merger with Shinhan Life Insurance Co., Ltd. (*) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded. |
Operating segments
Operating segments | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
Operating segments | 7. Operating segments (a) Segment information The general descriptions by operating segments as of December 31, 2021 are as follows: Segment Description Banking Credit to customers, lending to and receiving deposits from customers, and their accompanying work Credit card Sales of credit cards, cash services, card loan services, installment financing, lease and their accompanying work Securities Securities trading, consignment trading, underwriting and their accompanying work Life insurance Life insurance business and their accompanying work Credit Facility rental, new technology business financing, others and their accompanying work Others Business segments that do not belong to the above segments, such as real estate trust, investment advisory services, venture business investment and other remaining business (b) The following tables provide information of income and expense for each operating segment for the years ended December 31, 2019, 2020 and 2021: 2019 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income W 5,989,462 1,753,966 457,852 1,647,795 127,094 470 (238,675 ) 9,737,964 Net fees and commission income 950,389 403,259 351,303 167,324 11,160 261,084 (4,000 ) 2,140,519 Reversal of (provision for) allowance for credit loss (389,004 ) (566,415 ) 1,325 (797 ) 747 (25,777 ) (771 ) (980,692 ) General and administrative expenses (3,177,158 ) (745,848 ) (511,418 ) (443,013 ) (47,734 ) (287,356 ) 77,853 (5,134,674 ) Other income (expense), net (211,882 ) (33,204 ) (59,006 ) (786,103 ) 64,273 64,999 244,056 (716,867 ) Operating income 3,161,807 811,758 240,056 585,206 155,540 13,420 78,463 5,046,250 Equity method income (loss) (764 ) — 18,163 (1,296 ) 11,886 379 24,919 53,287 Income tax expense 718,650 205,863 68,311 187,608 40,009 33,204 15,479 1,269,124 Profit for the year W 2,256,652 609,582 220,764 395,325 126,050 (25,791 ) 59,802 3,642,384 Controlling interest W 2,256,576 609,350 220,850 395,325 126,050 (25,791 ) (178,863 ) 3,403,497 Non-controlling 76 232 (86 ) — — — 238,665 238,887 2020 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income W 6,037,632 1,755,039 517,044 1,608,953 158,817 7,805 (202,590 ) 9,882,700 Net fees and commission income 822,408 483,486 544,183 162,284 21,346 347,004 2,222 2,382,933 Reversal of (provision for) allowance for credit loss (690,084 ) (483,883 ) (111,796 ) (12,236 ) (63,429 ) (22,522 ) 1,771 (1,382,179 ) General and administrative expenses (3,237,641 ) (698,796 ) (565,485 ) (463,439 ) (58,494 ) (314,097 ) 125,479 (5,212,473 ) Other income (expense), net (130,488 ) (169,304 ) (11,348 ) (727,530 ) 120,735 140,138 36,552 (741,245 ) Operating income 2,801,827 886,542 372,598 568,032 178,975 158,328 (36,566 ) 4,929,736 Equity method income (loss) (811 ) — 37,760 (1,244 ) 32,133 (2,489 ) 94,184 159,533 Income tax expense 673,972 251,357 48,464 156,698 49,211 44,883 31,210 1,255,795 Profit for the year W 1,999,002 703,305 154,531 457,116 160,583 112,992 (89,453 ) 3,498,076 Controlling interest W 1,998,563 703,204 154,772 457,116 160,583 112,992 (172,635 ) 3,414,595 Non-controlling 439 101 (241 ) — — — 83,182 83,481 2021 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income W 6,738,165 1,799,153 517,296 1,620,266 231,679 68,991 (206,225 ) 10,769,325 Net fees and commission income 818,426 634,716 601,793 170,781 28,812 415,212 5,257 2,674,997 Reversal of (provision for) allowance for credit loss (364,291 ) (442,668 ) (80,134 ) (21,760 ) (34,064 ) (35,421 ) 3,653 (974,685 ) General and administrative expenses (3,409,144 ) (790,733 ) (696,278 ) (557,292 ) (80,056 ) (366,149 ) 156,564 (5,743,088 ) Other income (expense), net (305,508 ) (179,695 ) 234,209 (660,416 ) 194,564 177,912 (235,519 ) (774,453 ) Operating income 3,477,648 1,020,773 576,886 551,579 340,935 260,545 (276,270 ) 5,952,096 Equity method income (loss) 25,401 (1,109 ) 65,341 (739 ) 29,644 16,201 23,861 158,600 Income tax expense 821,201 266,798 94,864 139,106 94,329 71,120 (16,382 ) 1,471,036 Profit for the year W 2,417,880 771,757 320,662 391,637 274,855 205,880 (270,043 ) 4,112,628 Controlling interest W 2,417,361 770,457 320,783 391,637 274,855 205,880 (361,719 ) 4,019,254 Non-controlling 519 1,300 (121 ) — — — 91,676 93,374 (c) Interest gains and losses from segment external customers and cross-sector interest gains and losses for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income from: External customers (*) W 5,995,097 1,781,266 450,268 1,647,988 137,179 (34,018 ) (239,816 ) 9,737,964 Internal transactions (5,635 ) (27,300 ) 7,584 (193 ) (10,085 ) 34,488 1,141 — W 5,989,462 1,753,966 457,852 1,647,795 127,094 470 (238,675 ) 9,737,964 2020 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income from: External customers (*) W 6,037,205 1,809,149 526,167 1,605,575 169,192 (54,902 ) (209,686 ) 9,882,700 Internal transactions 427 (54,110 ) (9,123 ) 3,378 (10,375 ) 62,707 7,096 — W 6,037,632 1,755,039 517,044 1,608,953 158,817 7,805 (202,590 ) 9,882,700 2021 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income from: External customers (*) W 6,741,279 1,849,209 534,969 1,617,186 241,035 781 (215,134 ) 10,769,325 Internal transactions (3,114 ) (50,056 ) (17,673 ) 3,080 (9,356 ) 68,210 8,909 — W 6,738,165 1,799,153 517,296 1,620,266 231,679 68,991 (206,225 ) 10,769,325 (*) Consolidated adjustment to net interest income from external customers is from the securities and others which were measured in fair values as a part of business combination accounting. (d) The following tables provide information of net fees and commission income (expense) of each operating segment for the years ended December 31, 2019, 2020 and 2021. 2019 Banking Credit card Securities Life Credit Others Consolidation Total Net fees and commission income from: External customers W 974,636 436,523 361,526 175,171 12,241 180,422 — 2,140,519 Internal transactions (24,247 ) (33,264 ) (10,223 ) (7,847 ) (1,081 ) 80,662 (4,000 ) — W 950,389 403,259 351,303 167,324 11,160 261,084 (4,000 ) 2,140,519 2020 Banking Credit card Securities Life Credit Others Consolidation Total Net fees and commission income from: External customers W 859,225 531,394 553,308 173,865 22,381 242,760 — 2,382,933 Internal transactions (36,817 ) (47,908 ) (9,125 ) (11,581 ) (1,035 ) 104,244 2,222 — W 822,408 483,486 544,183 162,284 21,346 347,004 2,222 2,382,933 2021 Banking Credit card Securities Life Credit Others Consolidation Total Net fees and commission income from: External customers W 863,879 681,129 615,414 181,345 27,351 305,879 — 2,674,997 Internal transactions (45,453 ) (46,413 ) (13,621 ) (10,564 ) 1,461 109,333 5,257 — W 818,426 634,716 601,793 170,781 28,812 415,212 5,257 2,674,997 (e) Financial information of geographical area The following table provides information of income from external consumers by geographical area for the years ended December 31, 2019, 2020 and 2021. 2019 2020 2021 Domestic W 4,378,239 4,436,252 5,404,278 Overseas 668,011 493,484 547,818 W 5,046,250 4,929,736 5,952,096 The following table provides information of non-current 2020 2021 Domestic W 9,734,468 10,029,650 Overseas 351,083 336,687 W 10,085,551 10,366,337 (*) Non-current |
Cash and due from banks at amor
Cash and due from banks at amortized cost | 12 Months Ended |
Dec. 31, 2021 | |
Cash and Due from banks at amortized cost [Abstract] | |
Cash and due from banks at amortized cost | 8. Cash and due from banks at amortized cost (a) Cash and due from banks at amortized cost as of December 31, 2020 and 2021 are as follows: 2020 2021 Cash and cash equivalents Cash W 1,782,301 4,194,831 Cash equivalents 22,979 26,560 1,805,280 4,221,391 Deposits denominated in Korean won: Reserve deposits 16,957,521 9,851,064 Time deposits 950,624 892,053 Other 3,953,337 2,701,873 21,861,482 13,444,990 Deposits denominated in foreign currency: Deposits 5,576,206 6,731,190 Time deposits 2,721,849 2,148,955 Other 1,455,732 1,924,601 9,753,787 10,804,746 Allowance for credit losses (10,007 ) (17,723 ) W 33,410,542 28,453,404 (b) Restricted due from banks at amortized cost as of December 31, 2020 and 2021 are as follows: 2020 2021 Related Regulations or Acts Deposits denominated in Korean won: Reserve deposits W 16,957,521 9,851,064 Article 55 of the Bank of Korea Act Other 2,390,761 1,174,670 Article 28 and 70 of the Bank of Korea Act, Article 74 of the Capital Markets and Financial Investment Business Act, etc. 19,348,282 11,025,734 Deposits denominated in foreign currency 2,621,129 2,870,908 Articles of the Bank of Korea Act, New York State Banking Act, derivatives, etc. W 21,969,411 13,896,642 |
Financial assets at fair value
Financial assets at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2021 | |
Financial assets at fair value through profit or loss [abstract] | |
Financial assets at fair value through profit or loss | 9. Financial assets at fair value through profit or loss (a) Financial assets at fair value through profit or loss as of December 31, 2020 and 2021 are as follows: 2020 2021 Debt instruments: Governments W 4,248,448 3,961,045 Financial institutions 13,997,922 13,449,550 Corporations 9,356,842 9,618,302 Stocks with put option 583,590 627,275 Equity investment with put option 1,860,195 2,625,297 Beneficiary certificates 12,451,709 13,386,212 Commercial papers 6,369,854 7,042,045 CMA 2,806,485 3,591,822 Others (*) 3,411,647 3,925,599 55,086,692 58,227,147 Equity instruments: Stocks 1,627,020 2,182,829 Equity investment 1,697 12,962 Others 107,742 179,524 1,736,459 2,375,315 W 56,823,151 60,602,462 Other: Loans at FVTPL W 2,016,801 1,683,344 Due from banks at fair value 63,112 34,262 Gold/silver deposits 188,339 83,691 W 59,091,403 62,403,759 (*) As of December 31, 2020 and 2021, restricted reserve for claims of customers’ deposits (trusts) are W W (b) Financial assets to which overlay approach are applied in accordance with IFRS 9 ‘Financial Instruments’ ‘Insurance Contracts’ 2020 2021 Due from banks at fair value through profit or loss W 63,112 34,262 Securities at fair value through profit or loss 4,865,908 4,903,275 W 4,929,020 4,937,537 A financial asset is eligible for designation for the overlay approach, if it is measured at fair value through profit or loss applying IFRS 9 but would not have been measured at fair value through profit or loss in its entirety applying IAS 39; and it is not held in respect of an activity that is not associated with contracts within the scope of IFRS 4. The reclassified amounts between profit or loss and other comprehensive income due to the overlay approach as of and for the years ended December 31, 2020 and 2021 are as follows: 2020 Profit or loss Other comprehensive By IFRS 9 By IAS 39 Amount Tax effect Net gain (loss) on valuation of financial W 123,808 (21,488 ) 145,301 (39,958 ) Net gain (loss) on disposal of financial 53,806 62,926 (9,120 ) 2,508 Net gain (loss) on foreign currency conversion of financial assets at fair value through profit or loss 74 — 74 (20 ) W 177,688 41,438 136,255 (37,470 ) (*) The amount of the policyholders equity adjustment for the reclassification of other comprehensive income is W 2021 Profit or loss Other comprehensive By IFRS 9 By IAS 39 Amount Tax effect Net gain (loss) on valuation of financial W 130,170 83,288 46,882 (12,893 ) Net gain (loss) on disposal of financial (2,668 ) 87,217 (89,885 ) 24,719 W 127,502 170,505 (43,003 ) 11,826 (*) The amount of the policyholders equity adjustment for the reclassification of other comprehensive income is W |
Derivatives
Derivatives | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about hedges [abstract] | |
Derivatives | 10. Derivatives (a) The notional amounts of derivatives outstanding as of December 31, 2020 and 2021 are as follows: 2020 2021 Foreign currency related: Over the counter: Currency forwards W 117,566,233 146,169,864 Currency swaps 33,562,251 36,548,884 Currency options 2,501,983 2,270,594 153,630,467 184,989,342 Exchange traded: Currency futures 1,102,534 641,104 154,733,001 185,630,446 Interest rates related: Over the counter: Interest rate forwards and swaps 36,205,843 35,518,719 Interest rate options 324,238 258,460 36,530,081 35,777,179 Exchange traded: Interest rate futures 2,465,374 3,293,821 Interest rate options — 54,890 Interest rate swaps (*) 68,475,400 72,898,275 70,940,774 76,246,986 107,470,855 112,024,165 Credit related: Over the counter: Credit swaps 4,536,626 4,737,329 Equity related: Over the counter: Equity swaps and forwards 2,628,661 2,073,995 Equity options 508,686 677,824 3,137,347 2,751,819 Exchange traded: Equity futures 1,638,126 1,678,070 Equity options 4,277,882 3,298,673 5,916,008 4,976,743 9,053,355 7,728,562 2020 2021 Commodity related: Over the counter: Commodity swaps and forwards W 537,351 789,930 Commodity options — 11,500 537,351 801,430 Exchange traded: Commodity futures and options 263,460 158,550 800,811 959,980 Hedge: Currency forwards 1,281,945 1,279,598 Currency swaps 4,328,333 3,726,939 Interest rate forwards and swaps 7,844,392 8,695,960 13,454,670 13,702,497 W 290,049,318 324,782,979 (*) The notional amounts of derivatives outstanding those will be settled in the ‘Central Counter Party (CCP)’ system. (b) Fair values of derivative instruments as of December 31, 2020 and 2021 are as follows: 2020 2021 Assets Liabilities Assets Liabilities Foreign currency related: Over the counter: Currency forwards W 3,135,319 3,021,258 2,183,315 1,797,419 Currency swaps 1,145,619 979,022 651,292 748,302 Currency options 33,253 31,871 12,218 11,591 4,314,191 4,032,151 2,846,825 2,557,312 Exchange traded: Currency futures 90 186 12 210 4,314,281 4,032,337 2,846,837 2,557,522 Interest rates related: Over the counter: Interest rate forwards and swaps 311,403 363,297 166,855 303,227 Interest rate options 2,148 2,217 3,748 611 313,551 365,514 170,603 303,838 Exchange traded: Interest rate futures 900 422 1,701 1,828 Interest rate options — — 83 — 900 422 1,784 1,828 314,451 365,936 172,387 305,666 2020 2021 Assets Liabilities Assets Liabilities Credit related: Over the counter: Credit swaps W 273,578 29,682 493,829 65,103 Equity related: Over the counter: Equity swap and forwards 122,034 48,218 28,803 69,880 Equity options 2,750 9,840 3,884 8,671 124,784 58,058 32,687 78,551 Exchange traded: Equity futures 34,816 7,711 817 19,903 Equity options 77,973 153,461 6,324 167,237 112,789 161,172 7,141 187,140 237,573 219,230 39,828 265,691 Commodity related: Over the counter: Commodity swaps and forwards 5,949 32,693 18,557 3,149 Commodity options — — — 8,406 5,949 32,693 18,557 11,555 Exchange traded: Commodity futures and options 11,580 186 2,688 2,218 17,529 32,879 21,245 13,773 Hedge: Currency forwards 91,747 10,507 106 46,139 Currency swaps 65,256 186,150 63,560 79,407 Interest rate forwards and swaps 319,500 139,846 161,397 253,263 476,503 336,503 225,063 378,809 W 5,633,915 5,016,567 3,799,189 3,586,564 (c) Gain or loss on valuation of derivatives for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Foreign currency related Over the counter Currency forwards W 174,340 (108,854 ) 268,310 Currency swaps (24,827 ) 210,072 (201,500 ) Currency options 4,056 4,979 2,007 153,569 106,197 68,817 Exchange traded Currency futures — (96 ) (199 ) 153,569 106,101 68,618 2019 2020 2021 Interest rates related Over the counter Interest rate forwards and swaps W (75,349 ) (73,926 ) (142,703 ) Interest rate options (1,938 ) (372 ) 792 (77,287 ) (74,298 ) (141,911 ) Exchange traded Interest rate futures 1,008 4,236 (4 ) (76,279 ) (70,062 ) (141,915 ) Credit related Over the counter Credit swaps 213,754 7,255 192,729 Equity related Over the counter Equity swap and forwards 46,770 (15,979 ) (176,430 ) Equity options (841 ) (2,082 ) 3,307 45,929 (18,061 ) (173,123 ) Exchange traded Equity futures (2,275 ) 26,305 (19,408 ) Equity options 58,721 196,288 32,555 56,446 222,593 13,147 102,375 204,532 (159,976 ) Commodity related Over the counter Commodity swaps and forwards 3,191 (13,519 ) (19,097 ) Commodity options 29 — (4,956 ) 3,220 (13,519 ) (24,053 ) Exchange traded Commodity futures (7,759 ) 11,374 469 (4,539 ) (2,145 ) (23,584 ) Hedge 332,778 120,700 (203,563 ) W 721,658 366,381 (267,691 ) (d) Impact of hedge accounting on the consolidated financial statements i) Gains(losses) on fair value hedged items and hedging instruments attributable to the hedged ineffectiveness for the years ended December 31, 2020 and 2021 are as follows: 2020 Losses on Gains on Hedge ineffectiveness Fair value hedges: Interest rate swaps (*1) W (228,266 ) 233,008 4,742 Foreign exchange risk (*1) (21,336 ) 12,071 (9,265 ) W (249,602 ) 245,079 (4,523 ) 2021 Gains on Losses on Hedge ineffectiveness Fair value hedges: Interest rate swaps (*1) W 273,219 (281,649 ) (8,430 ) Foreign exchange risk (*1) 26,547 (32,829 ) (6,282 ) W 299,766 (314,478 ) (14,712 ) (*1) The related account categories are presented as interest rate swap assets / liabilities and currency swap assets. (*2) Ineffective portion of hedge: the difference between hedging instruments and hedged items. ii) Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year, the amounts recognized in the income statement and other comprehensive income are as follows: 2020 Gains (losses) on hedges Hedge ineffectiveness From cash flow hedge Cash flow hedges: Interest rate risk (*1) W (3,220 ) (343 ) — Foreign exchange risk (*1) (16,693 ) (6,539 ) 26,405 Discontinuation of cash flow hedges (45 ) — 45 Hedge of net investments: Foreign exchange risk (*1) 44,049 (2,134 ) — W 24,091 (9,016 ) 26,450 2021 Gains (losses) on hedges Hedge ineffectiveness From cash flow hedge Cash flow hedges: Interest rate risk (*1) W 15,492 (49,882 ) — Foreign exchange risk (*1) 14,439 (14,955 ) 24,464 Discontinuation of cash flow hedges — — 8,799 Hedge of net investments: Foreign exchange risk (*1) (74,525 ) (2,094 ) — W (44,594 ) (66,931 ) 33,263 (*1) The related account categories are presented as interest rate swap assets / liabilities and currency swap assets / liabilities, currency forwards assets / liabilities and borrowings. (*2) Ineffective portion of hedge: The difference between hedging instruments and hedged items. (e) Effect of hedge accounting on financial statement, statement of comprehensive income, statement of changes in equity i) Purpose and strategy of risk avoidance The Group transacts with derivative financial instruments to hedge its interest rate risk and currency risk arising from the assets and liabilities of the Group. The Group applies the fair value hedge accounting for the changes in the market interest rates of the Korean won structured notes, foreign currency generated financial debentures, structured deposits in foreign currencies and foreign currency investment receivables; and cash flow hedge accounting for interest rate swaps and currency swaps to hedge cash flow risk due to interest rates and foreign exchange rates of the Korean won debt, the Korean won bonds, foreign currency bonds, etc. In addition, in order to hedge the exchange rate risk of the net investment in overseas business, the Group applies the net investment hedge accounting for foreign operations using currency forward and non-derivative ii) Nominal amounts and average hedge ratios for hedging instruments as of December 31, 2020 and 2021 are as follows: 2020 Less than 1~2 2~3 3~4 4~5 More than 5 Total Interest risk: Nominal values: W 657,656 640,992 1,217,588 456,688 247,244 4,624,224 7,844,392 Average price condition (*1) 1.12 % 0.88 % 1.30 % 0.98 % 0.67 % 0.38 % 0.67 % Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % Exchange risk: (*2) Nominal values: 2,340,409 1,448,787 1,734,593 457,199 575,527 250,014 6,806,529 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % (*1) Interest rate swaps consist of 3M CD, 3M USD Libor, 3M Euribor, and 3M AUD Bond. (*2) The average exchange rates of net investment hedge instruments are USD/KRW 1,154.76, JPY/KRW 10.61, EUR/KRW 1,287.16, GBP/KRW 1,480.30, AUD/KRW 800.67, CAD/KRW 895.95, SGD/KRW 847.09, CNY/KRW 168.84, SEK/KRW 124.60 2021 Less than 1~2 2~3 3~4 4~5 More than 5 Total Interest risk: Nominal values: W 693,057 1,256,392 641,413 158,833 1,589,729 4,356,536 8,695,960 Average price condition (*1) 0.88 % 1.21 % 1.30 % 1.00 % 1.00 % 0.66 % 0.87 % Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % Exchange risk: (*2) Nominal values: 2,328,042 2,164,591 568,991 699,433 480,878 22,525 6,264,460 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % (*1) Interest rate swaps consist of 3M CD, 3M USD Libor, 3M Euribor, and 3M AUD Bond. (*2) The average exchange rates of net investment hedge instruments are USD/KRW 1,143.95, JPY/KRW 10.53, EUR/KRW 1,288.52, GBP/KRW 1,484.00, AUD/KRW 817.06, CAD/KRW 868.95, SGD/KRW 859.87, CNY/KRW 174.40, SEK/KRW 124.85 iii) Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity 2020 Nominal amount Carrying value Carrying value Changes in fair Fair value hedges Interest rate swap W 6,965,492 319,294 120,728 181,151 Currency swap — — 67 985 Currency forward 254,023 20,093 66 24,481 Cash flow hedge Interest rate swap 878,900 206 19,118 3,303 Currency swap 4,328,333 65,256 186,083 (8,560 ) Currency forward 810,322 60,473 — (4,181 ) Hedge of net investments in foreign operations Currency forward 217,600 11,181 10,441 (2,991 ) Borrowings 1,196,252 — 1,193,269 44,907 (*) The related account categories are presented as interest rate swap assets / liabilities and currency forward assets and liabilities. 2021 Nominal amount Carrying value Carrying value Changes in fair Fair value hedges Interest rate swap W 7,079,468 156,710 236,758 (277,450 ) Currency forward 176,369 — 4,995 (8,835 ) Cash flow hedge Interest rate swap 1,616,492 4,687 16,505 23,257 Currency swap 3,726,939 63,560 79,407 156,271 Currency forward 866,129 106 31,486 (63,659 ) Hedge of net investments in foreign operations Currency forward 237,100 — 9,658 (14,948 ) Borrowings 1,257,923 — 1,256,241 (61,672 ) (*) The related account categories are presented as interest rate swap assets / liabilities and currency forward assets and liabilities. iv) Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity 2020 Carrying Carrying Assets of Liabilities of Changes if Cash flow Foreign Fair value hedges Interest rate risk Borrowings and others W 143,496 6,750,929 6,563 193,452 (175,369 ) — — Foreign exchange risk Securities in foreign currency 342,205 — — — (26,927 ) — — Cash flow hedge Interest rate risk Debentures in won and debentures in foreign currency 617,463 1,674,460 — — 2,296 60,659 — Foreign exchange risk Debentures in foreign currency and loans in foreign currency 3,264,740 2,962,041 — — (58,557 ) (32,001 ) — Hedge of net investments in foreign operations Foreign exchange risk Net assets in foreign operation — — — — 44,049 — (141,151 ) (*) The related account categories are presented as interest rate swap assets / liabilities and currency forwards. 2021 Carrying Carrying Assets of Liabilities of Changes if Cash flow Foreign Fair value hedges Interest rate risk Borrowings and others W 704,942 6,370,330 6,207 (85,441 ) 274,005 — — Foreign exchange risk Securities in foreign currency 415,693 — — — 23,109 — — Cash flow hedge Interest rate risk Debentures in won and debentures in foreign currency 607,062 1,714,303 — — 22,432 67,553 — Foreign exchange risk Debentures in foreign currency and loans in foreign currency 2,848,303 2,782,574 — — 336,281 (19,296 ) — Hedge of net investments in foreign operations Foreign exchange risk Net assets in foreign operation — — — — 74,525 — (66,626 ) (*) The related account categories are presented as interest rate swap assets / liabilities and currency forwards. (f) Hedge relationships affected by an interest rate index The revised Standard requires exceptions to the analysis of future information in relation to the application of hedge accounting, while uncertainty exists due to movements of the interest rate indicator reform. The exception assumes that when assessing whether the expected cash flows that comply with existing interest rate indicators are highly probable, whether there is an economic relationship between the hedged item and the hedging instrument, and whether there is a high hedge effectiveness between the hedged item and the hedging instrument, the interest rate indicators that are based on the hedged item do not change due to the effect of the interest rate index reform. The nominal amount of the hedging instrument related to the interest rate index exposed to the hedging relationship due to the Group’s reform of the interest rate index as of December 31, 2021 is as follows: Interest rate index Carrying value of Carrying value of Nominal amount of KRW 3M CD (*1) W — 2,509,045 2,580,000 USD 1M LIBOR (*2) — 241,192 241,842 USD 3M LIBOR(*1),(*2) 539,197 3,589,452 4,187,018 EURIBOR 1M — 220,992 221,050 EURIBOR 3M 25,094 267,830 293,972 W 564,291 6,828,511 7,523,882 (*1) Include nominal amount of the hedging instrument related to the CMS(Constant Maturity Swap) calculated based on the CD and LIBOR rate. (*2) Exclude the nominal amount that will mature before the end of June 30, 2023, when LIBOR interest rate calculation is discontinued. The USD LIBOR interest rate will be replaced by a Secured Overnight Financing Rate (SOFR) based on the actual transactions, and the EUR LIBOR interest rate will be replaced by an overnight unsecured rate, Euro Short-Term Rate (ESTER). From November 2021, the “Korea Overnight Financing Repo Rate (KOFR)” has been calculated and disclosed in line with global interest rate benchmark reform, and it is likely to be used as an alternative rate for CD rates. The Group has assumed that in this hedging relationship, the spread which has changed based on SOFR, ESTER and RFR would be similar to the spreads of interest rate swap and interest rate forward used as the hedging instrument. Besides this, the Group did not make assumptions on further changes of conditions. |
Securities at fair value throug
Securities at fair value through other comprehensive income and securities at amortized cost | 12 Months Ended |
Dec. 31, 2021 | |
Securities at fair value through other comprehensive income and securities at amortized cost [Abstract] | |
Securities at fair value through other comprehensive income and securities at amortized cost | 11. Securities at fair value through other comprehensive income and securities at amortized cost (a) Details of securities at FVOCI and securities at amortized cost as of December 31, 2020 and 2021 are as follows: 2020 2021 Securities at FVOCI: Debt securities: Government bonds W 19,370,393 25,687,070 Financial institutions bonds 20,053,716 19,702,292 Corporate bonds and others 17,985,324 18,417,557 57,409,433 63,806,919 Equity securities (*): Stocks 777,901 922,579 Equity investments 4,445 4,118 Others 124,333 104,707 906,679 1,031,404 58,316,112 64,838,323 Securities at amortized cost: Debt securities: Government bonds 31,816,320 34,679,301 Financial institutions bonds 3,835,577 3,423,536 Corporate bonds and others 11,630,726 11,827,239 47,282,623 49,930,076 W 105,598,735 114,768,399 (*) Equity securities in the above table are classified as other comprehensive income—equity securities designated as fair value items, and other comprehensive income and fair value options are exercised for the purpose of holding as required by the policy. (b) Changes in carrying value of debt securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2020 and 2021 are as follows: 2020 Debt securities at fair value through other Debt at amortized cost 12-month Life time credit loss Total 12-month credit loss Life time credit loss Total Beginning balance W 58,334,000 239,094 58,573,094 45,568,563 23,272 45,591,835 Transfer (from)to 12-month 30,233 (30,233 ) — — — — Transfer (from)to life time expected credit loss (83,132 ) 83,132 — — — — Net increase and decrease (*) (1,138,803 ) (24,858 ) (1,163,661 ) 1,724,546 (23,272 ) 1,701,274 Ending balance W 57,142,298 267,135 57,409,433 47,293,109 — 47,293,109 2021 Debt securities at fair value through other Debt securities at amortized cost 12-month credit loss Life time credit loss Total 12-month credit loss Life time credit loss Total Beginning balance W 57,142,298 267,135 57,409,433 47,293,109 — 47,293,109 Transfer (from)to 12-month 51,055 (51,055 ) — — — — Transfer (from)to life time expected credit loss (35,665 ) 35,665 — (35,505 ) 35,505 — Net increase and decrease (*) 6,496,445 (98,959 ) 6,397,486 2,653,129 785 2,653,914 Ending balance W 63,654,133 152,786 63,806,919 49,910,733 36,290 49,947,023 (*) Included the effects from changes in purchase, disposal, repayment, foreign exchange rate, amortization of fair value adjustments recognized through business combination accountings. (c) Changes in allowance for credit loss of debt securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2020 and 2021 are as follows: 2020 Debt securities at fair value through Debt securities at amortized cost 12 months Life time Total 12 months Life time Total Beginning balance W 27,581 655 28,236 9,759 11 9,770 Transfer (from)to 12-month 22 (22 ) — — — — Transfer (from)to life time expected credit loss (193 ) 193 — — — — Provision (reversal) 3,480 349 3,829 1,086 (11 ) 1,075 Disposal and others (*) (8,397 ) (497 ) (8,894 ) (359 ) — (359 ) Ending balance W 22,493 678 23,171 10,486 — 10,486 2021 Debt securities at fair value through Debt securities at amortized cost 12 months Life time Total 12 months Life time Total Beginning balance W 22,493 678 23,171 10,486 — 10,486 Transfer (from)to 12-month 33 (33 ) — — — — Transfer (from)to life time expected credit loss (63 ) 63 — (216 ) 216 — Provision (reversal) 19,722 (25 ) 19,697 5,065 240 5,305 Disposal and others (*) (5,302 ) (80 ) (5,382 ) 1,149 7 1,156 Ending balance W 36,883 603 37,486 16,484 463 16,947 (*) Included the effects from changes in foreign exchange rate, debt restructuring, investment conversion. (d) Gain or loss on disposal of securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Gain on disposal of securities at FVOCI W 301,920 131,189 Loss on disposal of securities at FVOCI (28,127 ) (45,593 ) Gain on disposal of securities at amortized cost (*) 42 24 Loss on disposal of securities at amortized cost (*) (67 ) (343 ) W 273,768 85,277 (*) The issuers of those securities have exercised the early redemption options and the others. (e) Income or loss on equity securities at fair value through other comprehensive income i) The Group recognizes dividends, amounting to W W ii) The details of disposal of equity securities at fair value through other comprehensive income for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Stocks acquired by Fair value at the date of disposal W 69,969 84,624 Cumulative net gain at the time of disposal (38,380 ) (42,058 ) (*) The reason for the disposal is the disposal of stocks acquired by investment conversion. |
Loans at amortized cost, etc.
Loans at amortized cost, etc. | 12 Months Ended |
Dec. 31, 2021 | |
Loans at amortized cost and other assets [Abstract] | |
Loans at amortized cost, etc. | 12. Loans at amortized cost, etc. (a) Loans at amortized cost for configuration by customer as of December 31, 2020 and 2021 are as follows: 2020 2021 Retail loans W 146,789,916 159,006,999 Corporate loans 179,011,251 199,465,807 Public and other loans 3,734,629 3,468,917 Loans between banks 5,492,400 3,849,565 Credit card receivables 23,759,422 25,999,576 358,787,618 391,790,864 Discount (21,948 ) (30,001 ) Deferred loan origination costs 516,815 543,361 359,282,485 392,304,224 Less: Allowance for credit loss (3,060,966 ) (3,167,068 ) W 356,221,519 389,137,156 (b) Changes in carrying value of loans at amortized cost, etc. as of December 31, 2020 and 2021 are as follows: i) Loans at amortized cost 2020 Retail Corporate Credit card Others 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired Total Beginning balance W 126,586,551 7,870,908 415,892 135,591,673 24,661,662 1,001,587 19,419,606 4,124,576 444,235 5,167,393 629,468 16,263 325,929,814 Transfer (from) to 12 months expected credit losses 2,891,847 (2,885,809 ) (6,038 ) 6,009,242 (6,006,226 ) (3,016 ) 351,253 (350,651 ) (602 ) 15,976 (15,976 ) — — Transfer (from) to lifetime expected credit losses (3,916,612 ) 3,944,714 (28,102 ) (9,015,428 ) 9,027,416 (11,988 ) (571,971 ) 572,291 (320 ) (85,337 ) 85,337 — — Transfer (from) to credit- impaired financial assets (189,681 ) (157,637 ) 347,318 (195,863 ) (441,969 ) 637,832 (114,388 ) (191,777 ) 306,165 (3,964 ) (37 ) 4,001 — Net increase and decrease (*1) 13,457,675 (556,142 ) 81,131 20,679,401 (1,030,466 ) 15,944 (115,242 ) (202,750 ) 290,907 3,311,105 (33,596 ) 2,402 35,900,369 Charge off (*2) — — (254,723 ) — — (317,514 ) — — (572,008 ) — — (2,531 ) (1,146,776 ) Disposal (313,150 ) (897 ) (89,051 ) (731,001 ) — (264,913 ) — — — — — (1,910 ) (1,400,922 ) Ending balance W 138,516,630 8,215,137 466,427 152,338,024 26,210,417 1,057,932 18,969,258 3,951,689 468,377 8,405,173 665,196 18,225 359,282,485 (*1) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (*2) The amount of uncollected loans currently in recovery (principal and interest) is W ii) Due from banks at amortized cost and other financial assets 2020 12 month Life time credit loss Impaired Total Beginning balance W 43,245,002 106,517 45,965 43,397,484 Transfer (from) to 12 month expected credit losses 15,157 (15,123 ) (34 ) — Transfer (from) to lifetime expected credit losses (25,839 ) 25,848 (9 ) — Transfer (from) to credit- impaired financial assets (1,628 ) (7,342 ) 8,970 — Net increase and decrease (*) 8,633,124 (10,001 ) 30,490 8,653,613 Charge off — — (26,814 ) (26,814 ) Disposal — — (910 ) (910 ) Business combination(Note 47) 15,982 — — 15,982 Ending balance W 51,881,798 99,899 57,658 52,039,355 (*) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. i) Loans at amortized cost 2021 Retail Corporate Credit card Others 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired Total Beginning balance W 138,516,630 8,215,137 466,427 152,338,024 26,210,417 1,057,932 18,969,258 3,951,689 468,377 8,405,173 665,196 18,225 359,282,485 Transfer (from) to 12 months expected credit losses 3,200,712 (3,192,315 ) (8,397 ) 6,566,663 (6,494,160 ) (72,503 ) 390,658 (390,593 ) (65 ) 43,343 (43,343 ) — — Transfer (from) to lifetime expected credit losses (3,482,541 ) 3,516,278 (33,737 ) (9,636,590 ) 9,659,114 (22,524 ) (674,961 ) 675,063 (102 ) (94,270 ) 94,272 (2 ) — Transfer (from) to credit- impaired financial assets (194,192 ) (134,008 ) 328,200 (230,972 ) (322,361 ) 553,333 (110,704 ) (158,036 ) 268,740 (896 ) (2 ) 898 — Net increase and decrease (*1) 12,821,174 (255,318 ) 38,153 20,922,205 (222,364 ) (146,801 ) 2,772,167 88,680 287,576 (1,810,906 ) (47,466 ) (108 ) 34,446,992 Charge off (*2) — — (279,789 ) — — (299,661 ) — — (566,944 ) — — (1,218 ) (1,147,612 ) Disposal — (724 ) (53,241 ) (84,433 ) (180 ) (139,019 ) — — — — — (44 ) (277,641 ) Ending balance W 150,861,783 8,149,050 457,616 169,874,897 28,830,466 930,757 21,346,418 4,166,803 457,582 6,542,444 668,657 17,751 392,304,224 (*1) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (*2) The amount of uncollected loans currently in recovery (principal and interest) is W ii) Due from banks at amortized cost and other financial assets 2021 12 month Life time credit loss Impaired Total Beginning balance W 51,881,798 99,899 57,658 52,039,355 Transfer (from) to 12 month expected credit losses 13,111 (13,079 ) (32 ) — Transfer (from) to lifetime expected credit losses (29,026 ) 29,048 (22 ) — Transfer (from) to credit- impaired financial assets (1,049 ) (11,797 ) 12,846 — Net increase and decrease (*) (4,315,675 ) 580 37,428 (4,277,667 ) Charge off — — (27,929 ) (27,929 ) Disposal — (1 ) (855 ) (856 ) Ending balance W 47,549,159 104,650 79,094 47,732,903 (*) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (c) Changes in allowance for credit loss of loans at amortized cost and other financial assets as of December 31, 2020 and 2021 are as follows: i) Loans at amortized cost 2020 Retail Corporate Credit cards Others 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired Total Beginning balance W 133,412 91,025 169,038 419,752 531,286 469,207 173,884 365,248 314,850 7,501 7,481 2,151 2,684,835 Transfer (from) to 12 months expected credit losses 20,082 (19,487 ) (595 ) 67,590 (66,777 ) (813 ) 22,148 (21,591 ) (557 ) 164 (164 ) — — Transfer (from) to lifetime expected credit losses (9,077 ) 18,772 (9,695 ) (49,727 ) 55,512 (5,785 ) (11,568 ) 11,834 (266 ) (242 ) 242 — — Transfer (from) to credit- impaired financial assets (3,247 ) (9,010 ) 12,257 (1,590 ) (52,383 ) 53,973 (901 ) (2,041 ) 2,942 (13 ) (9 ) 22 — Provision (reversal) 5,253 (5,319 ) 199,765 149,400 211,341 265,557 103,793 210,592 137,254 4,188 2,048 6,823 1,290,695 Charge off — — (254,723 ) — — (317,514 ) — — (572,008 ) — — (2,531 ) (1,146,776 ) Amortization of discount — — (5,630 ) — — (15,151 ) — — (7,807 ) — — — (28,588 ) Disposal (343 ) (8 ) (18,605 ) (726 ) — (24,473 ) — — — — — (182 ) (44,337 ) Collection — — 85,819 — — 63,822 — — 200,234 — — 134 350,009 Others (*) 2,954 10,075 20,809 (16,085 ) (13,896 ) (7,579 ) (83,448 ) (189,589 ) 232,048 (164 ) 3 — (44,872 ) Ending balance W 149,034 86,048 198,440 568,614 665,083 481,244 203,908 374,453 306,690 11,434 9,601 6,417 3,060,966 (*) Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. ii) Due from banks at amortized cost and other financial assets 2020 12 months Life time credit loss Impaired Total Beginning balance W 33,987 7,272 37,590 78,849 Transfer (from) to 12 months expected credit losses 286 (273 ) (13 ) — Transfer (from) to lifetime expected credit losses (259 ) 264 (5 ) — Transfer (from) to credit- impaired financial assets (256 ) (1,492 ) 1,748 — Provision (reversal) (2,143 ) 2,650 33,278 33,785 Charge off — — (26,814 ) (26,814 ) Disposal (2 ) — (32 ) (34 ) Collection — — 2,166 2,166 Others (*2) 4,078 (140 ) 1,012 4,950 Ending balance W 35,691 8,281 48,930 92,902 (*1) It includes allowances for expected credit losses of deposits at amortized cost and other financial assets. (*2) Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. i) Loans at amortized cost 2021 Retail Corporate Credit cards Others 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired Total Beginning balance W 149,034 86,048 198,440 568,614 665,083 481,244 203,908 374,453 306,690 11,434 9,601 6,417 3,060,966 Transfer (from) to 12 months expected credit losses 20,528 (19,794 ) (734 ) 85,187 (79,571 ) (5,616 ) 26,178 (26,149 ) (29 ) 200 (200 ) — — Transfer (from) to lifetime expected credit losses (9,078 ) 21,383 (12,305 ) (55,055 ) 63,834 (8,779 ) (14,471 ) 14,548 (77 ) (359 ) 359 — — Transfer (from) to credit- impaired financial assets (3,203 ) (7,112 ) 10,315 (1,830 ) (48,468 ) 50,298 (1,003 ) (1,503 ) 2,506 (7 ) — 7 — Provision (reversal) 10,812 (1,321 ) 154,260 (68,403 ) 135,401 263,327 75,981 202,000 137,456 (1,342 ) (503 ) (598 ) 907,070 Charge off — — (279,789 ) — — (299,661 ) — — (566,944 ) — — (1,218 ) (1,147,612 ) Amortization of discount — — (4,651 ) — — (12,894 ) — — 7,973 — — — (9,572 ) Disposal — (1 ) (13,617 ) (6 ) — (14,528 ) — — — — — (1 ) (28,153 ) Collection — — 103,316 — — 76,245 — — 207,631 — — 887 388,079 Others (*) 5,912 11,209 34,571 1,793 5,973 (9,310 ) (85,882 ) (162,272 ) 194,026 269 1 — (3,710 ) Ending balance W 174,005 90,412 189,806 530,300 742,252 520,326 204,711 401,077 289,232 10,195 9,258 5,494 3,167,068 (*) Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. ii) Due from banks at amortized cost and other financial assets 2021 12 months Life time credit loss Impaired Total Beginning balance W 35,691 8,281 48,930 92,902 Transfer (from) to 12 months expected credit losses 241 (230 ) (11 ) — Transfer (from) to lifetime expected credit losses (284 ) 288 (4 ) — Transfer (from) to credit- impaired financial assets (290 ) (2,012 ) 2,302 — Provision (reversal) 8,555 1,426 42,181 52,162 Charge off — — (27,929 ) (27,929 ) Disposal — — (40 ) (40 ) Collection — — 2,357 2,357 Others (*2) 139,995 255 2,257 142,507 Ending balance W 183,908 8,008 70,043 261,959 (*1) It includes allowances for expected credit losses of deposits at amortized cost and other financial assets. (*2) Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. (d) Changes in deferred loan origination costs for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W 534,530 516,815 Loan origination 257,034 255,482 Amortization, etc. (274,749 ) (228,936 ) Ending balance W 516,815 543,361 |
Property and equipment
Property and equipment | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
Property and equipment | 13. Property and equipment (a) Details of property and equipment as of December 31, 2020 and 2021 are as follows: 2020 Acquisition Accumulated Carrying Land W 2,219,227 — 2,219,227 Buildings 1,230,187 (419,426 ) 810,761 Right-of-use 1,016,183 (425,766 ) 590,417 Other assets 2,197,485 (1,828,193 ) 369,292 W 6,663,082 (2,673,385 ) 3,989,697 2021 Acquisition Accumulated Accumulated Carrying Land W 2,173,134 — — 2,173,134 Buildings 1,210,401 (446,321 ) (7,594 ) 756,486 Right-of-use 1,229,169 (621,042 ) — 608,127 Other assets 2,294,740 (1,786,323 ) — 508,417 W (2,853,686) (7,594) 4,046,164 (b) Changes in property and equipment for the years ended December 31, 2020 and 2021 are as follows: 2020 Land Buildings Right-of-use Others Total Beginning balance W 1,815,112 790,449 1,112,796 364,971 4,083,328 Acquisition (*1) 78,066 56,828 305,958 140,958 581,810 Disposal (92,683 ) (46,897 ) (24,173 ) (2,398 ) (166,151 ) Depreciation — (56,041 ) (286,028 ) (133,437 ) (475,506 ) Amounts transferred from(to) investment property 55,316 (51,252 ) — — 4,064 Amounts transferred from(to) intangible assets — — — 3,738 3,738 Amounts transferred from(to) non-current (31,622 ) (11 ) — — (31,633 ) Amounts transferred from(to) right-of-use 395,346 118,091 (513,437 ) — — Others — — — (2,235 ) (2,235 ) Effects of foreign currency adjustments (308 ) (406 ) (5,380 ) (2,459 ) (8,553 ) Business combination (Note 47) — — 681 154 835 Ending balance W 2,219,227 810,761 590,417 369,292 3,989,697 (*1) W (*2) Includes buildings, land, etc. 2021 Land Buildings Right-of-use Others Total Beginning balance W 2,219,227 810,761 590,417 369,292 3,989,697 Acquisition (*1) 513 32,777 316,925 289,614 639,829 Disposal (709 ) (1,378 ) (26,930 ) (5,086 ) (34,103 ) Depreciation (*2) — (49,646 ) (289,585 ) (154,104 ) (493,335 ) Impairment — (7,594 ) — — (7,594 ) Amounts transferred from(to) investment property (46,046 ) (27,727 ) — — (73,773 ) Amounts transferred from(to) intangible assets — — — 3,676 3,676 Amounts transferred from(to) non-current (169 ) (853 ) — — (1,022 ) Effects of foreign currency adjustments 318 146 17,300 5,025 22,789 Ending balance W 2,173,134 756,486 608,127 508,417 4,046,164 (*1) W (*2) Included in general administrative expense and other operating income(loss) of the consolidated statements of comprehensive income. (*3) Includes buildings, land, etc. (c) Insured assets and liability insurance as of December 31, 2021 are as follows: December 31, 2021 Type of insurance Insured assets and objects Amount Insurance company Comprehensive insurance for financial institutions Cash(including 25,500 Samsung Fire & Marine Insurance Co., Ltd., etc. Comprehensive Property insurance Property Total Risk, 1,920,218 Samsung Fire & Marine Insurance Co., Ltd., etc. Fire insurance Business property 26,164 Meritz Fire & Marine Insurance Co., Ltd., etc. Compensation liability insurance for officers Officer liability of 50,000 Meritz Fire & Marine Insurance Co., Ltd., etc. Compensation liability insurance for employee accident Employee 79,798 Meritz Fire & Marine Insurance Co., Ltd., etc. Burglary insurance Cash and securities 79,755 Samsung Fire & Marine Insurance Co., Ltd., etc. Others Personal 33,478 Samsung Fire & Marine Insurance Co., Ltd., etc. (*) Aside from the insurance mentioned above, the Group has entered into car insurance, medical insurance, and property insurance. |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
Intangible assets | 14. Intangible assets (a) Details of intangible assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Goodwill W 4,689,792 4,670,134 Software 144,535 192,582 Development cost 183,592 229,148 Others 462,700 552,918 W 5,644,782 (b) Changes in intangible assets for the years ended December 31, 2020 and 2021 are as follows: 2020 Goodwill Software Development Others Total Beginning balance W 4,690,049 129,235 144,100 595,330 5,558,714 Acquisition — 64,195 105,101 64,079 233,375 Disposal and Write-off — (1 ) (75 ) (26,785 ) (26,861 ) Amounts transferred from(to) property and equipment — 1,415 (7,820 ) 2,667 (3,738 ) Impairment (*1)(*2) (14,235 ) — — (27,075 ) (41,310 ) Amortization (*3) — (49,159 ) (57,690 ) (145,756 ) (252,605 ) Effects of changes in foreign exchange rate — (1,150 ) (24 ) (222 ) (1,396 ) Business combination (Note 47) 13,978 — — 462 14,440 Ending balance W 4,689,792 144,535 183,592 462,700 5,480,619 (*1) The number of customer contacts decreased due to the decrease in the base interest rate in Indonesia in 2020 and the impact of COVID-19. W W W (*2) The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2020, the impairment loss amounted to W non-operating (*3) Included in general administrative expense and other operating income (expense) of the consolidated statements of comprehensive income. 2021 Goodwill Software Development Others Total Beginning balance W 4,689,792 144,535 183,592 462,700 5,480,619 Acquisition — 103,929 127,993 225,228 457,150 Disposal and Write-off — (2,341 ) (719 ) (5,349 ) (8,409 ) Amounts transferred from(to) property and equipment — — (3,676 ) — (3,676 ) Impairment (*1) (33,509 ) — (270 ) (765 ) (34,544 ) Amortization (*2) — (55,531 ) (77,734 ) (129,615 ) (262,880 ) Effects of changes in foreign exchange rate — 1,990 (38 ) 719 2,671 Business combination (Note 47) 13,851 — — — 13,851 Ending balance W 4,670,134 192,582 229,148 552,918 5,644,782 (*1) Goodwill impairment has occurred at Shinhan Bank Indonesia within the banking sector and PT Shinhan Sekuritas Indonesia within the securities sector among the cash-generating units. After the impairment test for goodwill of Shinhan Bank Indonesia, among the carrying value exceeding recoverable amount of cash-generating unit, which is W W W W low-interest COVID-19, W W non-operating (*2) Included in general administrative expense and other operating income (expense) of the consolidated statements of comprehensive income. (c) Goodwill i) Goodwill allocated in the Group’s CGUs as of December 31, 2020 and 2021 is as follows: 2020 2021 Banking W 795,823 764,883 Credit card 2,880,383 2,880,383 Securities 7,904 5,335 Life insurance 839,947 853,798 Others 165,735 165,735 W 4,689,792 4,670,134 ii) Changes in goodwill for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W 4,690,049 4,689,792 Acquisitions through business combinations (*1)(*2) 13,978 13,851 Impairment losses (14,235 ) (33,509 ) Ending balance W 4,689,792 4,670,134 (*1) It is the goodwill recognized by Shinhan Financial Plus, a subsidiary acquired in the period, from a business transfer for the GF division and IMGA division of Leaders Financial Marketing (Note 47). (*2) It is the goodwill recognized by the Group as it newly acquired the Shinhan Venture Investment Co., Ltd. for the year ended December 31, 2020 (Note 47). iii) Goodwill impairment test The recoverable amounts of each CGU are evaluated based on their respective value in use. • Explanation on evaluation method The income approach is applied when evaluating the recoverable amounts based on value in use, considering the characteristics of each unit or group of CGU. • Projection period When evaluating the value in use, 4.5 years~5.5 years of cash flow estimates are used in projection and the value thereafter is reflected as terminal value. 99 years of cash flow estimates for Shinhan Life Insurance Co., Ltd. is applied and the present value of the future cash flows thereafter is not applied as it is not significant. • Discount rates and terminal growth rates The required rates of return expected by shareholders are applied to the discount rates. It is calculated in consideration of which comprises a risk-free interest rate, a market risk premium and systemic risk (beta factor). In addition, terminal growth rate is estimated based on inflation rate. Discount rates and terminal growth rates applied to each CGU are as follows: Discount rate(%) Terminal growth rate(%) Banking 9.7~12.1 1.0~2.0 Credit card 9.3~11.8 1.0~2.0 Securities 11.6~12.6 2.0 Life insurance 7.5~12.7 — Others 10.8~14.9 1.0 iv) Key assumptions Key assumptions used in the discounted cash flow calculations of CGUs (other than life insurance components) are as follows: 2021 2022 2023 2024 2025 2026 CPI growth(%) 2.2 1.7 1.4 1.7 1.5 1.5 Private consumption growth(%) 3.1 2.6 2.5 2.7 2.6 2.6 Real GDP growth(%) 3.8 2.7 2.5 3.0 2.8 2.8 Key assumptions used in the discounted cash flow calculations of life insurance (Shinhan life insurance) components are as follows: Key assumptions Rate of return on investment(%) 3.1 Risk-based capital ratio(%) 150.0 v) Total recoverable amount and total carrying value of CGUs to which goodwill has been allocated, are as follows: Amount Total recoverable amount W 51,932,888 Total carrying value (*1) 45,482,263 W 6,450,625 (*1) It is the carrying value after reflecting the impairment loss in the banking and securities sector. |
Investments in associates
Investments in associates | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of associates [abstract] | |
Investments in associates | 15. Investments in associates (a) Investments in associates as of December 31, 2020 and 2021 are as follows: Investees Country Reporting date Ownership (%) 2020 2021 BNP Paribas Cardif Life Insurance (*1)(*2) Korea September 30 14.99 14.99 Songrim Partners (*3)(*4) Korea December 31 35.34 35.34 Partners 4th Growth Investment Fund (*1) Korea September 30 25.00 25.00 KTB Newlake Global Healthcare PEF (*1) Korea September 30 30.00 30.00 Daekwang Semiconductor Co., Ltd. (*7) Korea — 20.94 — Shinhan-Neoplux Energy Newbiz Fund (*5) Korea December 31 31.66 31.66 Shinhan-Albatross tech investment Fund (*5) Korea December 31 49.97 50.00 VOGO Debt Strategy Qualified IV Private Korea December 31 20.00 20.00 Shinhan-Midas Donga Secondary Fund (*6) Korea December 31 50.00 50.00 ShinHan – Soo Young Entrepreneur Investment Fund No.1 Korea December 31 24.00 24.00 Investees Country Reporting date Ownership (%) 2020 2021 Shinhan Praxis K-Growth Korea December 31 18.87 18.87 Credian Healthcare Private Equity Fund II (*7) Korea — 34.07 — Kiwoom Milestone Professional Private Real Estate Trust 19 Korea December 31 50.00 50.00 AIP EURO Green Private Real Estate Trust No.3 Korea December 31 21.28 21.28 Shinhan Global Healthcare Fund 1 (*9) Korea December 31 4.41 4.41 JB Power TL Investment Type Private Placement Special Asset Fund 7 (*7) Korea — 33.33 — KB NA Hickory Private Special Asset Fund Korea December 31 37.50 37.50 Koramco Europe Core Private Placement Real Estate Fund No.2-2 Korea December 31 44.02 44.02 BNP Paribas Cardif General Insurance (*9) Korea December 31 7.46 5.46 Hermes Private Investment Equity Fund Korea December 31 29.17 29.17 Shinhan-Nvestor Liquidity Solution Fund Korea December 31 24.92 24.92 Shinhan AIM FoF Fund 1a Korea December 31 25.00 25.00 IGIS Global Credit Fund 150-1 Korea December 31 25.00 25.00 Partner One Value up I Private Equity Fund Korea December 31 27.91 27.91 Genesis No.1 Private Equity Fund Korea December 31 22.80 22.80 Korea Omega Project Fund III Korea December 31 23.53 23.53 Soo Delivery Platform Growth Fund Korea December 31 30.00 30.00 Genesis North America Power Company No.1 PEF Korea December 31 39.96 40.03 Hyungje art printing (*12) Korea — 31.54 — SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Korea December 31 23.33 23.33 Korea Finance Security (*1),(*9) Korea September 30 14.91 14.91 Multimedia Tech Co.Ltd. (*12) Korea — 21.06 — MIEL CO.,LTD. (*3),(*4) Korea December 31 28.77 28.77 AIP Transportation Specialized Privately Placed Fund Trust #1 Korea December 31 35.73 35.73 DB Epic Convertiblebond Private Trust No.2 (*7) Korea — 50.98 — E&Healthcare Investment Fund No.6 Korea December 31 21.05 21.05 One Shinhan Global Fund 1 (*5) Korea December 31 19.96 20.56 Kiwoom-Shinhan Innovation Fund I (*6) Korea December 31 50.00 50.00 Daishin-K&T Korea December 31 31.25 31.25 Midas Asset Global CRE Debt Private Fund No.6 Korea December 31 41.16 41.16 Richmond Private Investment Trust No.82 (*7) Korea — 60.00 — Tiger Alternative Real Estate Professional Private5 (*7) Korea — 48.71 — Samchully Midstream Private Placement Special Asset Fund 5-4 Korea December 31 42.92 42.92 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 Korea December 31 20.00 20.00 NH-Amundi Korea December 31 30.00 30.00 Jarvis Memorial Private Investment Trust 1 (*6) Korea December 31 99.01 99.01 Investees Country Reporting date Ownership (%) 2020 2021 Mastern Private Private Investment Trust 68 (*7) Korea — 53.76 — Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 (*8) Korea December 31 60.00 60.00 Milestone Private Real Estate Fund 3 Korea December 31 32.06 32.06 IGIS Private Real Estate Investment Trust 286 (*7) Korea — 41.44 — Nomura-Rifa Private Real Estate Investment Trust 31 Korea December 31 31.31 31.31 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 Korea December 31 21.27 21.27 Hana Semiconductor New Technology Fund (*7) Korea — 24.30 — J&Magnet Startup Venture Specialized Private Equity Fund (*7) Korea — 24.39 — Cape IT Fund No.3 Korea December 31 32.89 32.89 FuturePlay-Shinhan TechInnovation Fund 1 (*6) Korea December 31 50.00 50.00 Stonebridge Corporate 1st Fund Korea December 31 44.12 44.12 Vogo Realty Partners Private Real Estate Fund V Korea December 31 21.64 21.64 Korea Credit Bureau (*1),(*9) Korea September 30 9.00 9.00 Goduck Gangil1 PFV Co., Ltd. (*1),(*9) Korea September 30 1.04 1.04 SBC PFV Co., Ltd. (*1),(*10) Korea September 30 25.00 25.00 NH-amundi Korea December 31 50.00 50.00 IMM Global Private Equity Fund Korea December 31 33.00 33.00 HANA Alternative Estate Professional Private122 (*8) Korea December 31 75.19 74.02 Hanwha-Incus Plus New Technology Fund No.1 (*7) Korea — 42.64 — SH Corporate Professional Investment Type Private Security Investment Trust No.7 Korea December 31 45.96 45.96 SH BNCT Professional Investment Type Private Special Asset Investment Trust (*11) Korea December 31 72.39 72.50 PSA EMP Private Equity Fund (*7) Korea — 28.99 — Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 (*8) Korea December 31 52.28 52.28 BRAIN DO PROFESSIONALE PRIVATE No. 27 Korea December 31 29.13 29.13 UI Venture Fund 7th (*7) Korea — 24.39 — Sparklabs-Shinhan Opportunity Fund 1 Korea December 31 49.50 49.50 BNW Tech-Innovation Private Equity Fund Korea December 31 29.85 29.85 IGIS Real-estate Private Investment Trust No.33 Korea December 31 40.86 40.86 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust (*7) Korea — 31.58 — WWG Global Real Estate Investment Trust no.4 Korea December 31 29.55 29.55 Goduck Gangil10 PFV Co., Ltd (*1),(*9) Korea September 30 19.90 19.90 Fidelis Global Private Real Estate Trust No.2 (*8) Korea December 31 78.26 78.26 IGIS PRIVATE REAL ESTATE TRUST NO.331 (*7) Korea — 30.77 — AIP EURO PRIVATE REAL ESTATE TRUST No. 12 Korea December 31 28.70 28.70 Shinhan Healthcare Fund 2 (*9) Korea December 31 13.68 13.68 Pebblestone CGV Private Real Estate Trust No.1 Korea December 31 48.53 48.53 Investees Country Reporting date Ownership (%) 2020 2021 SH Corporate Professional Investment Type Private Security Investment Trust No.45 Korea December 31 — 43.65 Shinhan AIM Real Estate Fund No.2 Korea December 31 30.00 30.00 Shinhan AIM Real Estate Fund No.1 Korea December 31 21.01 21.01 SH Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust Korea December 31 22.02 22.02 SH Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust Korea December 31 29.19 29.19 SH Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 Korea December 31 71.43 71.43 SH Japan Photovoltaic Private Special Asset Investment Trust No.1 (*7) Korea — 30.00 — Korea Omega-Shinhan Project Fund I (*6) Korea December 31 50.00 50.00 ST-Bonanja Korea December 31 38.83 38.83 New Green Shinhan Mezzanine Fund (*7) Korea — 39.22 — KORAMKO-Daum Professional Private Investment Trust No.12 (*7) Korea — 33.33 — Samsung SRA Real Estate Professional Private 45 Korea December 31 25.00 25.00 IBK Global New Renewable Energy Special Asset Professional Private2 Korea December 31 28.98 28.98 VS Cornerstone Fund Korea December 31 41.18 41.18 Aone Mezzanine Opportunity Professional Private (*8) Korea December 31 66.12 66.09 KiwoomUnicorn3 New Technology Business Investment Fund (*7) Korea — 21.28 — Multi Asset The United States Thortons Professional Private1 (*7) Korea — 25.00 — Kiwoom Milestone US Real Estate Professional Private20 (*7) Korea — 75.27 — NH-Amundi Korea December 31 25.91 25.91 KB Distribution Private Real Estate1 (*8) Korea December 31 62.00 62.00 SH Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust (*7) Korea — 28.93 — SH Japan Photovoltaic Private Special Asset Investment Trust No.2 Korea December 31 30.00 30.00 Kakao-Shinhan 1st TNYT Fund Korea December 31 48.62 48.62 IMM Special Situation 1-2 Korea December 31 20.02 20.00 Pacific Private Placement Real Estate Fund No.40 Korea December 31 24.73 24.73 Mastern Private Real Estate Loan Fund No.2 Korea December 31 33.57 33.57 LB Scotland Amazon Fulfillment Center Fund 29 (*8) Korea December 31 70.14 70.14 JR AMC Hungary Budapest Office Fund 16 Korea December 31 32.57 32.57 IGIS 372 Real Estate Professional Private (*7) Korea — 28.39 — EDNCENTRAL Co.,Ltd. (*9) Korea December 31 19.87 19.87 Investees Country Reporting date Ownership (%) 2020 2021 KoFC-Neoplux R&D-Biz 2013-1 Korea — 19.00 — Future-Creation Neoplux Venture Capital Fund (*5) Korea December 31 16.25 16.25 Gyeonggi-Neoplux Superman Fund (*5) Korea December 31 21.76 21.76 NewWave 6th Fund (*5) Korea December 31 30.00 30.00 KTC-NP 2011-2 Korea December 31 5.56 5.56 Neoplux No.3 Private Equity Fund (*5) Korea December 31 10.00 10.00 PCC Amberstone Private Equity Fund I Korea December 31 21.67 21.67 KIAMCO POWERLOAN TRUST 4TH Korea December 31 47.37 47.37 Mastern Opportunity Seeking Real Estate Fund II Korea December 31 20.00 20.00 AION ELFIS PROFESSIONAL PRIVATE 1 Korea December 31 20.00 20.00 T&F 2020 SS Private Equity Fund Specializing in Start-up Korea December 31 29.68 29.68 Neoplux Market-Frontier Secondary Fund (*5) Korea December 31 19.74 19.74 Harvest Private Equity Fund II Korea December 31 22.06 22.06 Synergy Green New Deal 1st New Technology Business Investment Fund Korea December 31 28.17 28.17 KAIM Real-estate Private Investment Trust 20 Korea December 31 38.46 38.46 KIAMCO Vietnam Solar Special Asset Private Investment Trust (*6) Korea December 31 50.00 50.00 Daishin New Technology Investment Fund 5th Korea December 31 23.44 23.44 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 (*8) Korea December 31 62.50 62.50 Acurus Hyundai Investment Partners New Technology Korea December 31 26.79 26.79 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 Korea December 31 97.85 97.10 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 Korea December 31 97.85 97.10 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Korea December 31 25.00 25.00 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 (*7) Korea — 58.82 — SHINHAN-NEO Korea December 31 49.75 49.75 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 Korea December 31 30.00 30.00 SIMONE Mezzanine Fund No.3 Korea December 31 29.38 29.38 Eum Private Equity Fund No.7 Korea December 31 21.00 21.00 Kiwoom Private Equity Ant-Man Korea December 31 25.00 25.00 Kiwoom Hero No.4 Private Equity Fund Korea December 31 21.05 21.05 Vogo Canister Professional Trust Private Fund I Korea December 31 36.68 36.53 SW-S Korea December 31 — 30.30 Investees Country Reporting date Ownership (%) 2020 2021 CL Buyout 1st PEF Korea December 31 — 21.43 Timefolio The Venture-V Korea December 31 — 20.73 Newlake Growth Capital Partners2 PEF Korea December 31 — 29.91 Shinhan Smilegate Global PEF I (*9) Korea December 31 — 14.21 Fount Professional Investors Private Investment Trust No.3 Korea December 31 — 49.98 Genesis Eco No.1 PEF Korea December 31 — 29.01 SHINHAN-NEO Korea December 31 — 42.70 NH-Synergy Korea December 31 — 36.93 J& Moorim Jade Investment Fund Korea December 31 — 24.89 Ulmus SHC innovation investment fund Korea December 31 — 24.04 Mirae Asset Partners X Private Equity Fund Korea December 31 — 35.71 T Core Industrial Technology 1st Venture PEF Korea December 31 — 31.47 Curious Finale Corporate Recovery Private Equity Fund Korea December 31 — 27.78 TI First Property Private Investment Trust 1 Korea December 31 — 40.00 MPLUS Professional Private Real Estate Fund 25 Korea December 31 — 41.67 IBKC Global Contents Investment Fund Korea December 31 — 24.39 Nautic Smart No.6 Private Equity Fund Korea December 31 — 37.74 Premier Luminous Private Equity Fund Korea December 31 — 27.78 Hanyang-Meritz 1 Fund Korea December 31 — 22.58 KNT 2ND PRIVATE EQUITY FUND Korea December 31 — 21.74 Maple Mobility Fund Korea December 31 — 20.18 AVES 1st Corporate Recovery Private Equity Fund (*6) Korea December 31 — 76.19 JS Shinhan Private Equity Fund (*5) Korea December 31 — 3.85 Daishin Newgen New Technology Investment Fund 1st (*8) Korea December 31 — 50.60 META ESG Private Equity Fund I Korea December 31 — 27.40 SWFV FUND-1 Korea December 31 — 40.25 PHAROS DK FUND Korea December 31 — 24.24 Shinhan VC tomorrow venture fund 1 (*5) Korea December 31 — 39.62 Highland 2021-8 Korea December 31 — 32.67 Medicii 2021-3 Korea December 31 — 24.81 Tres-Yujin Trust (*6) Korea December 31 — 50.00 Shinhan-Time mezzanine blind Fund (*6) Korea December 31 — 50.00 Capstone REITs No.26 (*6) Korea December 31 — 50.00 JB Incheon-Bucheon REITS No.54 Korea December 31 — 39.31 Hankook Smart Real Asset Investment Trust No.3 Korea December 31 — 33.33 JB Hwaseong-Hadong REITs No.53 Korea December 31 — 31.03 KB Oaktree Trust No.3 Korea December 31 — 33.33 Daehan No.36 Office Asset Management Company Korea December 31 — 48.05 Rhinos Premier Mezzanine Private Investment Fund No.1 Korea December 31 — 27.93 SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 Korea December 31 — 29.73 Investees Country Reporting date Ownership (%) 2020 2021 Shinhan JigaeNamsan Road Private Special Asset Investment Trust Korea December 31 — 24.85 SKS-Yozma Korea December 31 — 29.85 IBKC-METIS Global Contents Investment Fund Korea December 31 — 36.36 Keistone Unicorn Private Equity Fund Korea December 31 — 28.00 (*1) The financial statements of September 30, 2021 are used for the equity method since the financial statements as of December 31, 2021 are not available. Significant trades and events occurred within the period are properly reflected. (*2) The Group applies the equity method accounting as the Group has a significant influence on the investees through important business transactions. (*3) In the course of the rehabilitation process, the shares were acquired through investment conversion. Although voting rights cannot be exercised during the rehabilitation process, normal voting rights are exercised because the rehabilitation process was completed before December 31, 2021. Also, it has been reclassified into the investments in associates. (*4) The latest financial statements are used for the equity method since the financial statements as of December 31, 2021 are not available. Significant trades and events occurred within the period are properly reflected. (*5) As a managing partner, the Group has a significant influence over the investees. (*6) As a limited partner, the Group does not have an ability to participate in policy-making processes to obtain economic benefit from the investees that would allow the Group to control the entity. (*7) Excluded from the investments in associates due to full or partial disposal of shares, or loss of significant influence. (*8) Although the ownership percentages are more than 50%, the Group applies the equity method accounting as the Group does not have an ability to participate in the financial and operating policy-making process. (*9) Although the ownership percentages are less than 20%, the Group applies the equity method accounting since it participates in policy-making processes and therefore can exercise significant influence on investees. (*10) The rate of Group’s voting rights is 4.65%. (*11) Although the Group has a significant influence with ownership percentage more than 50%, the contribution was classified as investments in associates as the Group is not exposed to variable returns due to the payment guarantee for the entire investment amount. (*12) Excluded from the associates due to redemption of shares. (b) Changes in investments in associates for the years ended December 31, 2020 and 2021 are as follows: 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance BNP Paribas Cardif Life Insurance W 52,586 — (928 ) (1,058 ) — 50,600 Songrim Partners (*1) — — — — — — Neoplux Technology Valuation Investment Fund (*3) 16,384 (16,171 ) (213 ) — — — Partners 4th Growth Investment Fund 14,917 (4,474 ) 1,515 — — 11,958 KTB Newlake Global Healthcare PEF 11,280 (1,950 ) 74 — — 9,404 Daekwang Semiconductor Co., Ltd. 3,388 — 243 — — 3,631 Shinhan-Neoplux Energy Newbiz Fund(*4) 7,880 5,887 703 — — 14,470 Shinhan-Albatross tech investment Fund 8,734 4,650 (62 ) — — 13,322 Plutus-SG 4,231 (5,230 ) 999 — — — Eum Private Equity Fund No.3 3,574 (5,621 ) 2,050 — — 3 KTB Confidence Private Placement 6,067 (6,063 ) (4 ) — — — Meritz AI-SingA330-A 4,256 (772 ) (3,484 ) — — — Meritz AI-SingA330-B 8,916 (48 ) (8,868 ) — — — VOGO Debt Strategy Qualified INV Private 9,930 (1,700 ) 472 — — 8,702 Shinhan-Midas Donga Secondary Fund 3,486 1,150 116 — — 4,752 ShinHan – Soo Young Entrepreneur Investment Fund No.1 4,549 1,495 3,924 — — 9,968 Synergy-Shinhan Mezzanine New Technology Investment Fund 3,912 (4,406 ) 494 — — — Shinhan Praxis K-Growth 10,302 78 (435 ) — — 9,945 Credian Healthcare Private Equity Fund II 2,377 (4,937 ) 8,395 — — 5,835 Kiwoom Milestone Professional Private Real Estate Trust 19 10,407 (265 ) (224 ) — — 9,918 AIP EURO Green Private Real Estate Trust No.3 20,884 (1,189 ) 1,326 — — 21,021 Hanhwa US Equity Strategy Private Real Estate Fund No.1 25,964 (26,907 ) 3,220 — — 2,277 Shinhan Global Healthcare Fund 1 3,209 — 128 — (3,337 ) — JB Power TL Investment Type Private Placement Special Asset Fund 7 16,800 (1,359 ) 745 — — 16,186 IBK AONE convertible 1 6,077 (6,048 ) (29 ) — — — Rico synergy collabo Multi-Mezzanine 3 3,217 (3,221 ) 4 — — — KB NA Hickory Private Special Asset Fund 35,930 (2,609 ) 1,617 — — 34,938 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Koramco Europe Core Private Placement Real Estate Fund No.2-2 W 19,562 (1,330 ) 386 — — 18,618 BNP Paribas Cardif General Insurance 2,113 3,066 (1,244 ) (40 ) — 3,895 Axis Global Growth New Technology Investment Association 3,205 (2,920 ) (285 ) — — — Hermes Private Investment Equity Fund 6,376 — (277 ) — — 6,099 SHC ULMUS Fund No.1 3,149 (3,289 ) 140 — — — Shinhan-Nvestor Liquidity Solution Fund 4,865 (1,004 ) 632 — — 4,493 Shinhan AIM FoF Fund 1a 7,242 1,324 194 — — 8,760 IGIS Global Credit Fund 150-1 9,718 (4,002 ) 1,566 — — 7,282 GX Shinhan Intervest 1st Private Equity Fund 33,166 (54,515 ) 21,349 — — — Soo Commerce Platform Growth Fund 6,343 (8,474 ) 3,278 — — 1,147 Partner One Value up I Private Equity Fund 11,891 (20 ) (92 ) — — 11,779 Genesis No.1 Private Equity Fund 51,150 388 28,575 — — 80,113 GMB ICT New Technology Investment Fund 7,854 (7,853 ) (1 ) — — — Korea Omega Project Fund III 3,016 — 547 — — 3,563 Soo Delivery Platform Growth Fund 8,922 (7,929 ) 3,075 — — 4,068 Genesis North America Power Company No.1 PEF 18,275 (3,869 ) 2,577 — — 16,983 Hyungje art printing (*1) — — — — — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 20,712 (10,794 ) 664 — — 10,582 Shinhan-Rhinos 1 Fund 3,029 (1,004 ) 574 — — 2,599 Pacific Private Investment Trust No.20 4,076 (1,289 ) 212 — — 2,999 Susung Mezzanine project P1 Private Investment Trust 5,128 (3,613 ) (170 ) — — 1,345 Korea Finance Security 3,235 — (180 ) — — 3,055 Multimedia Tech Co.Ltd (*1) 19 — (19 ) — — — MIEL CO.,LTD (*1) — — — — — — AIP Transportation Specialized Privately Placed Fund Trust #1 31,580 1,366 47 — — 32,993 DB Epic Convertiblebond Private Trust No.2 5,063 202 520 — — 5,785 PCC S/W 2nd Fund 3,001 (3,328 ) 327 — — — E&Healthcare Investment Fund No.6 7,776 — 7,387 — — 15,163 One Shinhan Global Fund1 4,441 — (412 ) — — 4,029 Kiwoom-Shinhan Innovation Fund I 7,284 7,500 1,185 — — 15,969 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Daishin-K&T New Technology Investment Fund W 7,057 — (57 ) — — 7,000 Midas Asset Global CRE Debt Private Fund No.6 23,731 21,537 2,121 — — 47,389 Richmond Private Investment Trust No.82 15,120 (855 ) 784 — — 15,049 Tiger Alternative Real Estate Professional Private5 19,820 (1,376 ) 55 — — 18,499 Samchully Midstream Private Placement Special Asset Fund 5-4 30,742 (968 ) (956 ) — — 28,818 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 53,831 9,253 2,532 — — 65,616 AUCTUS FITRIN Corporate Recovery Private Equity Fund 14,358 (14,484 ) 126 — — — NH-Amundi Global Infrastructure Trust 14 18,497 (460 ) 782 — — 18,819 Pacific Private Real Estate Fund Investment Trust No.30 (*3) 14,816 (15,374 ) 558 — — — Jarvis Memorial Private Investment Trust 1 10,166 (763 ) 640 — — 10,043 Mastern Private Private Invetstment Trust 68 9,999 (460 ) 471 — — 10,010 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 4,397 30,510 734 — — 35,641 Milestone Private Real Estate Fund 3 17,186 (838 ) 2,180 — — 18,528 IGIS Private Real Estate Investment Trust 286 9,768 (1,361 ) 437 — — 8,844 Nomura-Rifa Private Real Estate Investment Trust 31 8,914 (932 ) 425 — — 8,407 Lime Pricing Private Equity Fund 8,300 (8,217 ) (83 ) — — — SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 41,991 (29,980 ) 1,312 — — 13,323 DS Solid.II Hedge Fund 4,123 (6,397 ) 2,274 — — — Hana Semiconductor New Technology Fund 12,856 (2,557 ) 13,832 — — 24,131 J&Magnet Startup Venture Specialized Private Equity Fund 5,979 (2,151 ) 2,107 — — 5,935 Cape IT Fund No.3 9,967 (580 ) 1,262 — — 10,649 FuturePlay-Shinhan TechInnovation Fund 1 868 3,661 (234 ) — — 4,295 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Stonebridge Corporate 1st Fund W 2,981 — 258 — — 3,239 Vogo Realty Partners Private Real Estate Fund V 10,376 (566 ) 1,017 — — 10,827 IL GU FARM CO.,LTD (*1) — — — — — — Korea Credit Bureau 6,812 (90 ) 254 — — 6,976 Goduck Gangil1 PFV Co., Ltd (*1) 48 — (48 ) — — — SBC PFV Co., Ltd 20,000 — (1,792 ) — — 18,208 Sprott Global Renewable Private Equity Fund II 19,016 (18,909 ) (107 ) — — — NH-amundi global infra private fund 16 48,158 (1,236 ) (3,083 ) — — 43,839 IMM Global Private Equity Fund 28,925 90,776 1,154 — — 120,855 HANA Alternative Estate Professional Private122 26,205 (644 ) 4,070 — — 29,631 Hanwha-Incus Plus New Technology Fund No.1 5,499 — 5,527 — — 11,026 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7 51,293 (1,613 ) 1,530 — — 51,210 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 150,317 127,753 8,461 — — 286,531 PSA EMP Private Equity Fund 9,927 (278 ) 165 — — 9,814 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 29,463 (239 ) 177 — — 29,401 SHBNPP Peace of Mind TDF 2035 Security Investment Trust 5,727 (5,727 ) — — — — SHBNPP Peace of Mind TDF 2040 Security Investment Trust 5,729 (5,729 ) — — — — BRAIN DO PROFESSIONALE PRIVATE No. 27 3,065 — 376 — — 3,441 VISION US Muni US Local Debt Opportunities Professional Private1(*3) 9,869 (10,032 ) 163 — — — UI Venture Fund 7th — 3,000 279 — — 3,279 Sparklabs-Shinhan Opportunity Fund 1 — 4,999 (167 ) — — 4,832 BNW Tech-Innovation Private Equity Fund — 6,000 (58 ) — — 5,942 IGIS Real-estate Private Investment Trust No.33 — 13,945 154 — — 14,099 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Findvalue PreIPO 6th Professional Investment Type Private Investment Trust. W — 3,000 2 — — 3,002 WWG Global Real Estate Investment Trust no.4 — 16,874 878 — — 17,752 Fidelis Global Private Real Estate Trust No.2 — 18,582 903 — — 19,485 IGIS PRIVATE REAL ESTATE TRUST NO.331 — 3,932 (167 ) — — 3,765 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 — 45,082 3,262 — — 48,344 Pebblestone CGV Private Real Estate Trust No.1 — 12,793 553 — — 13,346 Shinhan AIM Real Estate Fund No.2(*2) — 36,186 (7,652 ) — (6,070 ) 22,464 Shinhan AIM Real Estate Fund No.1(*2) — 45,415 1,530 — — 46,945 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust (*2) — 32,258 686 — — 32,944 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust (*2) — 22,003 (1,101 ) — — 20,902 SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) — 7,273 (581 ) — — 6,692 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 (*2) — 4,859 (14 ) — — 4,845 Korea Omega-Shinhan Project Fund I — 6,000 (69 ) — — 5,931 New Green Shinhan Mezzanine Fund — 4,000 916 — — 4,916 KORAMKO-Daum Professional Private Investment Trust No.12 — 6,930 598 — — 7,528 Samsung SRA Real Estate Professional Private 45 — 10,701 (35 ) — — 10,666 IBK Global New Renewable Energy Special Asset Professional Private2 — 29,177 3,172 — — 32,349 VS Cornerstone Fund — 3,500 (36 ) — — 3,464 Aone Mezzanine Opportunity Professional Private — 8,000 1,580 — — 9,580 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance KiwoomUnicorn3New Technology Business Investment Fund W — 3,000 1,283 — — 4,283 Multi Asset The United States Thortons Professional Private1(*2) — 44,202 (2,762 ) — — 41,440 Kiwoom Milestone US Real Estate Professional Private20 — 49,791 1,721 — — 51,512 NH-Amundi US Infrastructure Private Fund2 (*2) — 24,647 783 — — 25,430 KB Distribution Private Real Estate1 (*2) — 29,984 714 — — 30,698 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust (*2) — 19,968 744 — — 20,712 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 (*2) — 28,251 898 — — 29,149 Kakao-Shinhan 1st TNYT Fund — 6,000 (319 ) — — 5,681 IMM Special Situation 1-2 — 10,000 870 — — 10,870 Pacific Private Placement Real Estate Fund No.40 — 11,273 374 — — 11,647 Mastern Private Real Estate Loan Fund No.2 — 5,740 (48 ) — — 5,692 LB Scotland Amazon Fulfillment Center Fund 29 — 30,753 429 — — 31,182 JR AMC Hungary Budapest Office Fund 16 — 11,380 824 — — 12,204 IGIS 372 Real Estate Professional Private — 58,200 (1,365 ) — — 56,835 KoFC-Neoplux R&D-Biz 2013-1 — 4,058 (228 ) — — 3,830 Future-Creation Neoplux Venture Capital Fund (*4) — 4,204 (408 ) — — 3,796 Gyeonggi-Neoplux Superman Fund (*4) — 7,665 (1,266 ) — — 6,399 NewWave 6th Fund (*4) — 6,242 (92 ) — — 6,150 Neoplux No.3 Private Equity Fund (*4) — 10,825 (530 ) — — 10,295 PCC Amberstone Private Equity Fund I(*2) — 22,066 414 — — 22,480 KIAMCO POWERLOAN TRUST 4TH — 43,390 565 — — 43,955 Mastern Opportunity Seeking Real Estate Fund II — 19,508 291 — — 19,799 AION ELFIS PROFESSIONAL PRIVATE 1 — 5,000 528 — — 5,528 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance T&F 2020 SS Private Equity Fund Specializing in Start-up W — 4,500 (47 ) — — 4,453 Neoplux Market-Frontier Secondary Fund(*4) — 10,974 571 — — 11,545 Synergy Green New Deal 1st New Technology Business Investment Fund — 10,000 8 — — 10,008 KAIM Real-estate Private Investment Trust 20 — 5,000 98 — — 5,098 KIAMCO Vietnam Solar Special Asset Private Investment Trust — 8,150 (202 ) — — 7,948 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 — 3,125 — — — 3,125 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 — 44,780 (9 ) (177 ) — 44,594 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 — 44,780 (9 ) (177 ) — 44,594 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 — 16,000 (145 ) — — 15,855 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 — 30,000 (356 ) — — 29,644 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 — 21,142 — — — 21,142 Eum Private Equity Fund No.7 — 7,872 — — — 7,872 Kiwoom Private Equity Ant-Man — 5,034 — — — 5,034 Kiwoom Hero No.4 Private Equity Fund — 4,707 — — — 4,707 Vogo Canister Professional Trust Private Fund I(*2) — 43,975 — — — 43,975 Others 85,517 25,966 19,814 (5 ) — 131,292 W 1,452,861 1,056,238 159,533 (1,457 ) (9,407 ) 2,657,768 (*1) The Group has stopped recognizing its equity method income or loss due to the carrying value of ‘0’ resulting from the investees’ cumulative loss. (*2) Classified as investments in associates without cash transactions. (*3) For the year ended December 31, 2020, it is incorporated into the consolidation target as it held control due to increased equity ratio. (*4) For the year ended December 31, 2020, it is incorporated into the investments in associates as Neoplux Co., Ltd.is incorporated into the consolidation target. 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance BNP Paribas Cardif Life Insurance W 50,600 — (660 ) (5,918 ) — 44,022 Songrim Partners (*1) — — — — — — Partners 4th Growth Investment Fund 11,958 (16,144 ) 12,525 4,694 — 13,033 KTB Newlake Global Healthcare PEF 9,404 — 8 — — 9,412 Daekwang Semiconductor Co., Ltd. 3,631 (3,742 ) 113 (2 ) — — Shinhan-Neoplux Energy Newbiz Fund 14,470 475 1,087 — — 16,032 Shinhan-Albatross tech investment Fund 13,322 (9,000 ) 6,067 — — 10,389 VOGO Debt Strategy Qualified IV Private 8,702 (1,733 ) 210 — — 7,179 Shinhan-Midas Donga Secondary Fund 4,752 (500 ) (301 ) — — 3,951 ShinHan – Soo Young Entrepreneur Investment Fund No.1 9,968 (7,879 ) 2,137 — — 4,226 Shinhan Praxis K-Growth 9,945 (2,310 ) 126 — — 7,761 Credian Healthcare Private Equity Fund II 5,835 (5,835 ) — — — — Kiwoom Milestone Professional Private Real Estate Trust 19 9,918 (66 ) (361 ) — (4,238 ) 5,253 AIP EURO Green Private Real Estate Trust No.3 21,021 (1,335 ) 10,017 — — 29,703 Shinhan Global Healthcare Fund 1(*1) — — — — — — JB Power TL Investment Type Private Placement Special Asset Fund 7 16,186 (15,947 ) (239 ) — — — KB NA Hickory Private Special Asset Fund 34,938 (2,266 ) 1,704 — — 34,376 Koramco Europe Core Private Placement Real Estate Fund No.2-2 18,618 (1,204 ) 2,078 — — 19,492 BNP Paribas Cardif General Insurance 3,895 176 (708 ) (9 ) — 3,354 Hermes Private Investment Equity Fund 6,099 (3,167 ) 6,850 — — 9,782 Shinhan-Nvestor Liquidity Solution Fund 4,493 331 514 — — 5,338 Shinhan AIM FoF Fund 1a 8,760 (79 ) 475 — — 9,156 IGIS Global Credit Fund 150-1 7,282 (3,246 ) 1,366 — — 5,402 Partner One Value up I Private Equity Fund 11,779 (6,933 ) 3,045 — — 7,891 Genesis No.1 Private Equity Fund 80,113 388 (24,968 ) — — 55,533 Korea Omega Project Fund III 3,563 — 727 — — 4,290 Soo Delivery Platform Growth Fund 4,068 — 1,805 — — 5,873 Genesis North America Power Company No.1 PEF 16,983 (5,229 ) 1,982 — — 13,736 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Hyungje art printing(*2) W — — — — — — SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 10,582 24,500 6,467 — — 41,549 Korea Finance Security 3,055 — (61 ) — — 2,994 Multimedia Tech Co.Ltd.(*2) — — — — — — MIEL CO.,LTD.(*1) — — — — — — AIP Transportation Specialized Privately Placed Fund Trust #1 32,993 347 1,348 — — 34,688 DB Epic Convertiblebond Private Trust No.2 5,785 (5,538 ) (247 ) — — — E&Healthcare Investment Fund No.6 15,163 (3,431 ) (4,866 ) — — 6,866 One Shinhan Global Fund 1 4,029 (519 ) 263 — — 3,773 Kiwoom-Shinhan Innovation Fund I 15,969 (5,150 ) 912 — — 11,731 Daishin-K&T New Technology Investment Fund 7,000 — 991 — — 7,991 Midas Asset Global CRE Debt Private Fund No.6 47,389 (2,701 ) 3,617 — — 48,305 Richmond Private Investment Trust No.82 15,049 (19,411 ) 4,362 — — — Tiger Alternative Real Estate Professional Private5 18,499 (20,848 ) 2,349 — — — Samchully Midstream Private Placement Special Asset Fund 5-4 28,818 (843 ) (504 ) — — 27,471 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 65,616 (41,622 ) 1,210 — — 25,204 NH-Amundi Global Infrastructure Trust 14 18,819 (1,609 ) 1,091 — — 18,301 Jarvis Memorial Private Investment Trust 1 10,043 (700 ) 766 — — 10,109 Mastern Private Private Investment Trust 68 10,010 (10,332 ) 322 — — — Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 35,641 (4,981 ) 2,493 — — 33,153 Milestone Private Real Estate Fund 3 18,528 (472 ) 488 — — 18,544 IGIS Private Real Estate Investment Trust 286 8,844 (9,176 ) 332 — — — Nomura-Rifa Private Real Estate Investment Trust 31 8,407 (705 ) 200 — — 7,902 SH Senior Loan Professio |
Investment properties
Investment properties | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about investment property [abstract] | |
Investment properties | 16. Investment properties (a) Investment properties as of December 31, 2020 and 2021 are as follows: 2020 2021 Acquisition cost W 767,118 852,458 Accumulated depreciation (151,883 ) (177,067 ) Carrying value W 615,235 675,391 (b) Changes in investment properties for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W 488,610 615,235 Acquisition 244,100 8,292 Disposal (92,337 ) (2,279 ) Depreciation (20,165 ) (21,616 ) Amounts transferred from (to) property and equipment (4,064 ) 73,773 Amounts transferred from (to) assets held for sale(*) (910 ) 2,238 Foreign currency adjustment 1 (252 ) Ending balance W 615,235 675,391 (*) Comprise land and buildings, etc. (c) Income and expenses on investment property for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Rental income W 43,777 23,890 35,887 Direct operating expenses for investment properties that generated rental income 12,107 11,951 12,033 (d) The fair value of investment property as of December 31, 2020 and 2021 is as follows: 2020 2021 Land and buildings (*) W 1,254,149 1,374,389 (*) Fair value of investment properties is estimated based in the recent market transaction conditions with an independent third party and certain significant unobservable inputs. Accordingly, fair value of investment properties is classified as level 3. |
Other assets
Other assets | 12 Months Ended |
Dec. 31, 2021 | |
Other Assets [Abstract] | |
Other assets | 17. Other assets (a) Other assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Accounts receivable W 12,511,880 12,754,436 Domestic exchange settlement debit 4,055,744 6,700,373 Guarantee deposits 1,145,045 1,077,644 Accrued income 2,535,847 2,655,894 Prepaid expense 202,218 491,950 Provisional payments 183,935 295,149 Sundry assets 106,341 88,797 Separate account assets 9,267,722 9,501,135 Advance payments 203,023 207,128 Unamortized deferred acquisition cost 979,942 954,949 Leased assets 1,016,013 1,395,334 Others 102,913 125,815 Discounted present value (33,062 ) (30,614 ) Allowances for credit loss of other assets (82,895 ) (244,236 ) W 35,973,754 (b) Changes in unamortized deferred acquisition cost by insurance type for the year ended December 31, 2020 and 2021 are as follows: 2020 Beginning Acquisition cost incurred Amortization Ending Cost Expensed Deferral Individual insurance Pure endowment insurance W 67,856 11,602 (6,450 ) 5,152 (35,504 ) 37,504 Death insurance 834,415 771,973 (298,355 ) 473,618 (375,111 ) 932,922 Endowment insurance 4,764 19,024 (11,001 ) 8,023 (3,862 ) 8,925 907,035 802,599 (315,806 ) 486,793 (414,477 ) 979,351 Group insurance Pure protection 833 343 (164 ) 179 (421 ) 591 W 907,868 802,942 (315,970 ) 486,972 (414,898 ) 979,942 2021 Beginning Acquisition cost incurred Amortization Ending Cost Expensed Deferral Individual insurance Pure endowment insurance W 37,504 12,386 (3,680 ) 8,706 (23,468 ) 22,742 Death insurance 932,922 655,210 (278,147 ) 377,063 (393,942 ) 916,043 Endowment insurance 8,925 19,703 (8,382 ) 11,321 (4,477 ) 15,769 979,351 687,299 (290,209 ) 397,090 (421,887 ) 954,554 Group insurance Pure protection 591 170 (64 ) 106 (302 ) 395 W 979,942 687,469 (290,273 ) 397,196 (422,189 ) 954,949 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Leases | 18. Leases (a) Gross investment and present value of minimum lease payment of finance lease as of December 31, 2020 and 2021 are as follows: 2020 Gross investment Unrealized interest Present value of Not later than 1 year W 678,790 73,230 605,560 1 ~ 2 years 527,757 43,701 484,056 2 ~ 3 years 391,447 21,169 370,278 3 ~ 4 years 219,040 6,089 212,951 4 ~ 5 years 93,975 432 93,543 Later than 5 years 6,320 53 6,267 W 1,917,329 144,674 1,772,655 (*) Interest income on finance lease receivables recognized for the year ended December 31, 2020 is W 2021 Gross investment Unrealized interest Present value of Not later than 1 year W 635,826 65,349 570,477 1 ~ 2 years 470,800 39,631 431,169 2 ~ 3 years 308,999 18,738 290,261 3 ~ 4 years 191,257 6,606 184,651 4 ~ 5 years 113,638 4,417 109,221 Later than 5 years 5,170 32 5,138 W 1,725,690 134,773 1,590,917 (*) Interest income on finance lease receivables recognized for the year ended December 31, 2021 is W (b) Minimum lease payment receivable schedule for lease contracts of the Group as lessor as of December 31, 2020 and 2021 are as follows: i) Finance lease 2020 Minimum lease Present value Present value of Not later than 1 year W 678,790 73,230 605,560 1 ~ 2 years 527,757 43,701 484,056 2 ~ 3 years 391,447 21,169 370,278 3 ~ 4 years 219,040 6,089 212,951 4 ~ 5 years 93,975 432 93,543 Later than 5 years 6,320 53 6,267 W 1,917,329 144,674 1,772,655 2021 Minimum lease Present value Present value of Not later than 1 year W 635,826 65,349 570,477 1 ~ 2 years 470,800 39,631 431,169 2 ~ 3 years 308,999 18,738 290,261 3 ~ 4 years 191,257 6,606 184,651 4 ~ 5 years 113,638 4,417 109,221 Later than 5 years 5,170 32 5,138 W 1,725,690 134,773 1,590,917 ii) Operating lease Minimum lease payment 2020 2021 Not later than 1 year W 276,590 371,521 1 ~ 2 years 233,443 320,603 2 ~ 3 years 182,261 251,720 3 ~ 4 years 124,556 147,134 4 ~ 5 years 52,997 53,879 Later than 5 years 95,414 94,143 W 965,261 1,239,000 (c) Changes in operating lease assets for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W 549,741 1,014,300 Acquisition 681,607 691,192 Disposal (54,042 ) (54,721 ) Depreciation (163,006 ) (257,033 ) Ending balance W 1,014,300 1,393,738 (d) The details of the right-of-use 2020 Acquisition Accumulated Carrying Real estate W 953,135 (396,716 ) 556,419 Vehicle 36,680 (16,059 ) 20,621 Others 26,368 (12,991 ) 13,377 W 1,016,183 (425,766 ) 590,417 2021 Acquisition Accumulated Carrying Real estate W 1,153,021 (578,980 ) 574,041 Vehicle 45,670 (23,821 ) 21,849 Others 30,478 (18,241 ) 12,237 W 1,229,169 (621,042 ) 608,127 (e) The details of the changes in the right-of-use 2020 Real estate Vehicle Others Total Beginning balance W 1,077,803 21,994 12,999 1,112,796 Acquisition 286,981 12,556 6,421 305,958 Disposal (21,763 ) (2,394 ) (16 ) (24,173 ) Depreciation (*) (268,376 ) (11,625 ) (6,027 ) (286,028 ) Substitution (513,437 ) — — (513,437 ) Effects of foreign currency movements (5,375 ) (5 ) — (5,380 ) Business combination (Note 47) 586 95 — 681 Ending balance W 556,419 20,621 13,377 590,417 2021 Real estate Vehicle Others Total Beginning balance W 556,419 20,621 13,377 590,417 Acquisition 295,228 17,524 4,173 316,925 Disposal (22,829 ) (4,070 ) (31 ) (26,930 ) Depreciation (*) (271,895 ) (12,408 ) (5,282 ) (289,585 ) Effects of foreign currency movements 17,118 182 — 17,300 Ending balance W 574,041 21,849 12,237 608,127 (*) Included in general administrative expense and other operating income(expense) of the consolidated statements of comprehensive income. (f) The details of the maturity of the lease liability as of December 31, 2020 and 2021 are as follows: 2020 1 month 1 month ~ 3 months ~ 6 months ~ 1 year ~ More than Total Real estate W 22,560 36,746 49,746 90,057 287,932 69,083 556,124 Vehicle 3,404 1,840 2,490 4,765 11,632 — 24,131 Others 520 806 1,203 2,031 9,345 1 13,906 W 26,484 39,392 53,439 96,853 308,909 69,084 594,161 2021 1 month 1 month ~ 3 months ~ 6 months ~ 1 year ~ More than Total Real estate W 22,890 33,950 46,532 82,467 266,299 121,360 573,498 Vehicle 4,496 1,935 2,536 4,718 12,298 513 26,496 Others 465 650 1,124 2,205 8,226 26 12,696 W 27,851 36,535 50,192 89,390 286,823 121,899 612,690 (*) The above amounts are based on undiscounted cash flows, and have been classified at the earliest maturity that the Group has the obligation to pay. (g) The lease payments for low-value 2020 2021 Low-value W 6,181 5,885 Short-term lease (*) 836 766 Total W 7,017 6,651 (*) The payments for leases with terms less than 1 month are included. |
Pledged assets
Pledged assets | 12 Months Ended |
Dec. 31, 2021 | |
Pledged assets [Abstract] | |
Pledged assets | 19. Pledged assets (a) Assets pledged as collateral as of December 31, 2020 and 2021 are as follows: 2020 2021 Reasons for collateral Securities: Securities at FVTPL W 15,328,573 14,944,525 Customer RP, etc Securities at FVOCI 4,058,033 3,244,232 Borrowings, Settlement security for Bank of Korea, Borrowing securities, etc Securities at amortized cost 14,516,567 16,284,795 Borrowings, Settlement security for Bank of Korea, Customer RP, etc 33,903,173 34,473,552 Deposits at amortized cost 784,626 958,206 Borrowings, etc Property and Equipment (real estate) 301,098 300,352 Establishing the right to collateral security, etc Other financial assets 355 — Performance guarantee, etc W 34,989,252 35,732,110 (*) The carrying values of assets pledged that the pledgees have the right to sell or re-pledge W W (b) The fair value of collateral held that the Group has the right to sell or re-pledge 2020 2021 Assets received The fair value of re-provided as collateral Assets received The fair value of re-provided as collateral Securities W 2,871,910 — 2,163,744 — |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2021 | |
Deposits [Abstract] | |
Deposits | 20. Deposits Deposits as of December 31, 2020 and 2021 are as follows: 2020 2021 Demand deposits: Korean won W 132,444,929 151,787,483 Foreign currencies 16,280,268 20,320,241 148,725,197 172,107,724 Time deposits: Korean won 137,719,464 140,651,250 Foreign currencies 20,114,427 20,847,651 157,833,891 161,498,901 Certificates of deposits 5,946,704 16,576,536 Discount note deposits 6,226,937 5,818,001 CMA 4,006,319 5,246,478 Others 3,677,820 3,649,035 W 326,416,868 364,896,675 |
Financial liabilities at fair v
Financial liabilities at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2021 | |
Financial liabilities at fair value through profit or loss [abstract] | |
Financial liabilities at fair value through profit or loss | 21. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss as of December 31, 2020 and 2021 are as follows: 2020 2021 Securities sold: Stocks W 387,857 275,451 Bonds 503,920 505,202 Others 5,352 7,114 897,129 787,767 Gold/silver deposits 539,565 581,458 W 1,436,694 1,369,225 |
Financial liabilities designate
Financial liabilities designated at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2021 | |
Designated financial liabilities at fair value through profit or loss [abstract] | |
Financial liabilities designated at fair value through profit or loss | 22. Financial liabilities designated at fair value through profit or loss (a) Financial liabilities designated at fair value through profit or loss as of December 31, 2020 and 2021 are as follows: 2020 2021 Reason for designation Equity-linked securities sold W 6,556,288 5,795,071 Compound financial instrument Securities sold with embedded derivatives 1,899,436 2,228,799 ” W 8,455,724 8,023,870 (*) The Group designated the financial liabilities at the initial recognition (or subsequently) in accordance with paragraph 6.7.1 of IFRS 9 as financial liabilities at fair value through profit or loss. Maximum credit risk exposure of the financial liabilities designated at fair value through profit or loss amounts to W W W (b) The difference between the carrying value of financial liabilities designated at fair value through profit or loss and the amount required to be paid at contractual maturity as of December 31, 2020 and 2021 are as follows: 2020 2021 Expiration payment W 7,568,498 7,325,678 Carrying value 8,455,724 8,023,870 Difference from carrying value W (887,226 ) (698,192 ) |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about borrowings [abstract] | |
Borrowings | 23. Borrowings Borrowings as of December 31, 2020 and 2021 are as follows: 2020 2021 Interest Amount Interest Amount Borrowings denominated in Korean won: Borrowings from Bank of Korea 0.25 W 5,351,110 0.25 W 5,278,331 Others 0.00~6.20 16,375,272 0.00~3.93 18,412,343 21,726,382 23,690,674 Borrowings denominated in foreign currencies: Overdraft due from banks 0.00 71,309 0.00~0.30 42,434 Borrowings from banks 0.00~8.00 5,423,571 (0.49)~12.29 5,292,872 Others 0.00~12.45 1,538,021 0.00~11.25 1,890,291 7,032,901 7,225,597 Call money 0.35~0.55 1,760,042 (0.30)~1.52 1,534,611 Bill of sale 0.00~1.10 10,706 0.00~1.47 9,032 Bonds sold under repurchase agreements: 0.00~5.15 11,065,584 0.00~6.25 10,709,115 Deferred origination costs (1,551 ) (1,964 ) W 41,594,064 W 43,167,065 |
Debt securities issued
Debt securities issued | 12 Months Ended |
Dec. 31, 2021 | |
Debt securities issued [Abstract] | |
Debt securities issued | 24. Debt securities issued Debt securities issued as of December 31, 2020 and 2021 are as follows: 2020 2021 Interest Amount Interest Amount Debt securities issued in Korean won: Debt securities issued 0.67~8.00 W 59,816,756 0.79~8.00 W 64,419,771 Subordinated debt securities issued 2.20~4.60 4,370,125 2.20~4.60 5,030,125 Gain on fair value hedges — (63,652 ) — (122,069 ) Discount on debt securities issued — (39,309 ) — (38,845 ) 64,083,920 69,288,982 Debt securities issued in foreign currencies: Debt securities issued 0.25~7.59 7,182,619 0.25~7.59 7,462,087 Subordinated debt securities issued 3.34~5.10 3,598,624 3.34~5.10 3,307,306 Loss on fair value hedges — 309,880 — 130,392 Discount on debt securities issued — (40,649 ) — (39,404 ) 11,050,474 10,860,381 W 75,134,394 W 80,149,363 |
Defined benefit plans
Defined benefit plans | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of defined benefit plans [abstract] | |
Defined benefit plans | 25. Defined benefit plans (a) Defined benefit plan assets and obligations The Group has operated a defined benefit plan and calculates defined benefit obligations based on the employee’s pension compensation benefits and service period. Defined benefit obligations and plan assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Present value of defined benefit obligations W 2,182,464 2,205,869 Fair value of plan assets (2,138,324 ) (2,296,685 ) Recognized liability (asset) for defined benefit obligations (*) W 44,140 (90,816 ) (*) The liability for defined benefit obligation of W W W W W W (b) Changes in the present value of defined benefit obligation and plan assets for the years ended December 31, 2020 and 2021 are as follows: 2020 Defined benefit Plan assets Net defined Beginning balance W 2,063,102 (1,943,644 ) 119,458 Included in profit or loss: Current service cost 179,390 — 179,390 Past service cost 9,069 — 9,069 Interest expense (income) 57,674 (55,466 ) 2,208 Settlement expense (306 ) — (306 ) 245,827 (55,466 ) 190,361 Included in other comprehensive income: Remeasurement loss (gain): - Actuarial gains (losses) arising from : Demographic assumptions 18 — 18 Financial assumptions (44,424 ) — (44,424 ) Experience adjustment 2,957 — 2,957 - Return on plan assets excluding interest income — 20,027 20,027 (41,449 ) 20,027 (21,422 ) Other: Benefits paid by the plan (83,614 ) 77,567 (6,047 ) Contributions paid into the plan (268 ) (239,570 ) (239,838 ) Settlement gain or loss (2,695 ) 4,053 1,358 Business combination (Note 47) 2,139 (1,291 ) 848 Effect of changes in foreign exchange rates (578 ) — (578 ) (85,016 ) (159,241 ) (244,257 ) Ending balance W 2,182,464 (2,138,324 ) 44,140 (*) Profit and loss related to defined benefit plans are all included in the general administrative expense. 2021 Defined benefit Plan assets Net defined Beginning balance W 2,182,464 (2,138,324 ) 44,140 Included in profit or loss: Current service cost 179,751 — 179,751 Past service cost 2,570 — 2,570 Interest expense (income) 64,729 (64,759 ) (30 ) Settlement income (4,844 ) — (4,844 ) 242,206 (64,759 ) 177,447 Included in other comprehensive income: Remeasurement loss (gain): - Actuarial gains (losses) arising from : Demographic assumptions (1,642 ) — (1,642 ) Financial assumptions (87,406 ) 2,421 (84,985 ) Experience adjustment (5,450 ) — (5,450 ) - Return on plan assets excluding interest income — 32,720 32,720 (94,498 ) 35,141 (59,357 ) Other: Benefits paid by the plan (127,493 ) 120,347 (7,146 ) Succession through related party transactions 5,135 — 5,135 Contributions paid into the plan (10 ) (249,099 ) (249,109 ) Settlement gain or loss (2,231 ) 9 (2,222 ) Effect of changes in foreign exchange rates 296 — 296 (124,303 ) (128,743 ) (253,046 ) Ending balance W 2,205,869 (2,296,685 ) (90,816 ) (*) Profit and loss related to defined benefit plans are all included in the general administrative expense. (c) The composition of plan assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Plan assets comprise: Equity securities W 74,631 — Debt securities 23,713 43,607 Due from banks 1,900,963 1,915,361 Others 139,017 337,717 W 2,138,324 2,296,685 (d) Actuarial assumptions as of December 31, 2020 and 2021 are as follows: 2020 2021 Description Discount rate 2.68%~3.30% 3.19%~3.77% AA0 corporate bond yields Future salary increase rate 1.90%~4.00% + Upgrade rate 1.98%~5.00% + Upgrade rate Average for 5 years Weighted average maturity 7.6 years~ 15.4 years 7.4 years~ 14.8 years (e) Sensitivity analysis As of December 31, 2020 and 2021, reasonably possible changes in one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below. 2020 Defined benefit obligation Increase Decrease Discount rate (1%p movement) W (207,093 ) 233,570 Future salary increase rate (1%p movement) 232,892 (210,305 ) 2021 Defined benefit obligation Increase Decrease Discount rate (1%p movement) W (197,174 ) 216,226 Future salary increase rate (1%p movement) 216,450 (200,843 ) (f) The Group’s estimated contribution is W |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other provisions [abstract] | |
Provisions | 26. Provisions (a) Provisions as of December 31, 2020 and 2021 are as follows: 2020 2021 Asset retirement obligations W 65,659 82,123 Expected loss related to litigation 12,468 9,693 Unused credit commitments 305,719 300,008 Guarantee contracts issued 83,851 81,922 Financial guarantee contracts issued 61,895 55,344 Non-financial 21,956 26,578 Others (*) 337,039 693,110 W 804,736 1,166,856 (*) As of December 31, 2020 and 2021, the Group recognizes a provision of W W (b) Changes in provision for unused credit commitments and financial guarantee contracts issued for the years ended December 31, 2020 and 2021 are as follows: 2020 Unused credit commitments Financial guarantee contracts issued Total 12 months Life time Impaired financial asset 12 months Life time Impaired Beginning balance W 132,028 119,839 11,885 68,467 5,569 811 338,599 Transfer (from)to 12 months expected credit loss 63,818 (55,295 ) (8,523 ) 2,059 (2,059 ) — — Transfer (from)to life time expected credit loss (9,883 ) 11,365 (1,482 ) (3,951 ) 3,951 — — Transfer (from)to impaired financial asset (244 ) (875 ) 1,119 — — — — Provided (reversed) (20,377 ) 65,455 (1,564 ) 8,258 1,845 (822 ) 52,795 Change in foreign exchange rate (1,195 ) (352 ) — (1,335 ) (223 ) (49 ) (3,154 ) Others (*) — — — (18,948 ) (1,748 ) 70 (20,626 ) Ending balance W 164,147 140,137 1,435 54,550 7,335 10 367,614 (*) Others include effects of the provision from the new financial guarantee contracts measured at fair value, and the expired contracts, and the change of discount rate. 2021 Unused credit commitments Financial guarantee contracts issued Total 12 months Life time Impaired financial asset 12 months Life time Impaired Beginning balance W 164,147 140,137 1,435 54,550 7,335 10 367,614 Transfer (from)to 12 months expected credit loss 63,335 (63,249 ) (86 ) 2,931 (2,931 ) — — Transfer (from)to life time expected credit loss (11,889 ) 11,917 (28 ) (3,621 ) 3,621 — — Transfer (from)to impaired financial asset (274 ) (939 ) 1,213 — — — — Provided (reversed) (66,373 ) 58,188 (610 ) (581 ) (178 ) 5 (9,549 ) Change in foreign exchange rate 1,964 1,077 — 1,910 534 — 5,485 Others (*) (337 ) 380 — (6,582 ) (1,672 ) 13 (8,198 ) Ending balance W 150,573 147,511 1,924 48,607 6,709 28 355,352 (*) Others include effects of the provision from the new financial guarantee contracts measured at fair value, and the expired contracts, and the change of discount rate. (c) Changes in provisions for the years ended December 31, 2020 and 2021 are as follows: 2020 Asset Litigation Guarantee Other Total Beginning balance W 64,922 8,789 25,583 119,131 218,425 Provision(reversal) 898 4,317 (2,709 ) 261,983 264,489 Provision used (2,463 ) (638 ) — (46,654 ) (49,755 ) Change in foreign exchange rate (3 ) — (1,030 ) 570 (463 ) Others (*) 2,305 — 112 1,814 4,231 Business combination (Note 47) — — — 195 195 Ending balance W 65,659 12,468 21,956 337,039 437,122 (*) Others include increase in provisions based on the present value and the effect of changes in discount rate over the period. 2021 Asset Litigation Guarantee Others Total Beginning balance W 65,659 12,468 21,956 337,039 437,122 Provision(reversal) 8,185 2,552 3,457 350,090 364,284 Provision used (3,793 ) (5,327 ) — (37,604 ) (46,724 ) Change in foreign exchange rate 4 — 1,265 (1,314 ) (45 ) Others (*) 12,068 — (100 ) 44,899 56,867 Ending balance W 82,123 9,693 26,578 693,110 811,504 (*) Others include increase in provisions based on the present value and the effect of changes in discount rate over the period. (d) Asset retirement obligation liabilities represent the estimated cost to restore the existing leased properties which is discounted to the present value using the appropriate discount rate at the end of the reporting period. Disbursements of such costs are expected to incur at the end of lease contract. Such costs are reasonably estimated using the average lease year and the average restoration expenses. The average lease year is calculated based on the past ten-year (e) Allowance for guarantees and acceptances as of December 31, 2020 and 2021 are as follows: 2020 2021 Outstanding guarantees and acceptances W 10,249,827 10,540,968 Contingent guarantees and acceptances 3,433,953 4,670,771 ABS and ABCP purchase commitments 1,604,958 1,525,768 Endorsed bill 1,650 8,199 W 15,290,388 16,745,706 Allowance for loss on guarantees and acceptances W 83,851 81,922 Ratio %0.55 0.49 |
Liability under insurance contr
Liability under insurance contracts | 12 Months Ended |
Dec. 31, 2021 | |
Liabilities under insurance contracts and reinsurance contracts issued [abstract] | |
Liability under insurance contracts | 27. Liability under insurance contracts (a) Overview of the insurance risk i) Insurance risk and reinsurance Insurance risk is the possibility of insured events to occur, and it refers to an uncertainty of the amount and the timing of claims that incurred as an occurrence of the insured event. The main risks faced by insurance contracts include the risk of actual claims or benefits exceeding insurance liability. These risks may arise due to following reasons: ① Frequency risk The risk of actual number of claims being different from the number of claims anticipated by the insurer. ② Depth risk The risk of an actual amount of claims being different from the expected amount of claims anticipated by the insurer. As there are more numbers of insurance contracts that are empirically similar or are diversified, it is less likely to have abnormal effects from some of the contracts. The Group is trying to form a sufficiently diversified group of contracts considering these points when acquiring a contract. Insurance risk includes a lack of risk diversification and is related to geographical area, the characteristics of policyholders as well as diversification of the form or the size of the risk. If the insurance covers death, the frequency, or the death rates are mostly affected by natural causes, while other causes may include eating habits, smoking and exercise habits etc. If the insurance provides lifetime coverage, the survival rates may rise due to developments of medical technology or enhancements in social conditions. Insured events of life insurance include not only death of the policyholder (the insured person), but also survival, disability and hospitalization. The Group basically divides the entity’s insurance products into individual and group insurance depending on the characteristics of the policyholder. Group insurance refers to a contract in which the insured person belongs to an organization of a certain or a larger size, and he/she is the representative of that organization. Group insurance can largely be divided into pure protection and savings insurance. Pure protection insurance refers to insurance in which the amount of claim paid for survival does not exceed the premiums paid, and savings insurance is defined as insurance in which the amount of claim paid for survival exceeds the premium paid. Individual insurance can largely be divided into death insurance which considers death of a policyholder as an insured event, pure endowment insurance which considers a survival of a certain period of time as an insured event, and endowment insurance which is a combination of pure endowment and death insurance. Life insurance products can also be divided into fixed rate insurance which guarantees fixed interest rates, a floating rate insurance which is accreted at variable interest rates, and a dividend-paying insurance based on interest rate application scheme. For fixed rate products, interest rates expected at the beginning of the insurance contract do not vary till the end of the contract. Hence, if the return on assets or market rates are lower than the expected rates, the entity will bear the interest rate risk. On the other hand, for floating rate products, net premium is divided into guarantees and reserves portion. For guarantees portion, fixed interest rate is applied while for reserves portion, floating interest rates are applied to the reserves based on return on assets. As a result, though hedging may be possible for some interest rate risks, as the minimum guaranteed rate is fixed for reserves, interest rate risks will be borne in accordance with the changes in return on assets. To manage the uncertainty of the amount and timing of the claims arising due to occurrences of insured events, that is, an insurance risk, the Group uses an acquisition and a reinsurance strategy. ① Acquisition strategy Acquisition strategy is a strategy to diversify the types of risks or the level of claims. For example, an entity can manage each mortality risk and survival risk in a balanced manner. In addition, the policyholder’s choice of a regular check-up ② Reinsurance strategy The Group’s reinsurer risk is based on the insurance contracts acquired and may be the amount of risks per contract or the total amount of risks based on number of contracts or insured person. In principle, reinsurance is applied in excess of risk insurance premiums, but other methods can be used to the extent recognized by relevant laws and regulations, where necessary. The limit of holding reinsurance is determined by considering the assets, types of contracts, risk level, contract selecting technology of the Group. Insurance risk can also be affected by the policyholder’s right to reduce premiums or not paying in premiums in full by terminating the contract or exercising a conversion of pension rights. As a result, insurance risk is likely to be affected by the actions and decisions of the policyholders. The insurance risk of the Group may be estimated under the assumption that the policyholder makes reasonable decisions. For instance, people with bad health will have lower intentions to terminate the contract which provides insurance over death, rather than those with good health. These factors are also reflected in the assumptions of evaluating the insurance liability of the Group. ii) Discretionary participation features The discretionary participation feature is a contractual right to receive additional benefits with the following characteristics in addition to the benefits that policyholders or investors have unconditional rights and meets all the three criteria below. The premiums for investment contracts without discretionary participation features are recognized as deposits, and premiums for investment contracts with discretionary participation features are recognized as profits or losses, like insurance contracts. ① they are expected to be a significant portion of the total contractual benefits; ② the timing or amount of which are contractually at the discretion of the issuer; and ③ they are contractually based on: i) the returns on a specified pool of contracts or a specified type of contract; or ii) realized and/or unrealized investment returns on a specified pool of assets held by the issuer; or iii) the profit or loss of the entity or fund that issues the contract. The investment contracts held by the Group meets all the above criteria, hence they do include discretionary participation features. If the expected base rate of interest and the actual base rate of interest match, income and expenses are balanced through insurance contracts, so that premiums are not excessively insufficient. However, when calculating premiums, the expected mortality rate, interest rate, and operating expense ratios change due to changes in risk rates or economic conditions, which will result to differences with the actual premiums. These differences constitute the profits and losses of the Group and will consist of profit or loss from the differences in risk rate, interest rate and operating expense depending on the source of occurrence. In case of contracts with discretionary participation features, it reduces risk as participation features are shared among the policyholder and the Group for the below sources of profit or loss. ① Profit or loss due to differences in mortality rates It occurs due to the difference between the expected and the actual mortality rate. For death insurance, if the actual mortality rate is lower than the expected mortality rate, profits occur, and for the opposite case, losses occur. ② Profit or loss due to differences in interest rates It occurs due to the difference between the expected and the actual interest rate. If the actual operating return on assets is higher than the expected interest rate, profits occur, and for the opposite case, losses occur. ③ Profit or loss due to differences in operating expenses It is caused by the difference between the expected and the actual operating expenses ratio. If the actual operating expenses are lower than the expected operating expenses, profits occur, and for the opposite case, losses occur. As seen above, the source of the profits being generated when the expected base rate used by the Group in calculating the insurance premiums is different from the actual rate is within the premium which has been roughly calculated, hence the profits must be returned to the policyholder. This type of amount being distributed is called the policyholder dividend and is distinguished from the shareholder dividend. At the end of each reporting period, the Group adds to existing policy reserve and divides the remaining amount into dividend or non-dividend Non-dividend Policyholder dividends are divided into interest dividends, long-term duration dividends, mortality dividends, and expense dividends, and reserves for policyholder dividends are divided into reserve for participating policyholder’s dividends and excess participating policyholder dividend reserve. Excess participating policyholder dividend reserve is the total amount accumulated to be used as future policyholder dividend funds if there is any surplus left after accumulating reserves for loss from participating insurance and reserves for participating policyholder’s dividends from the policyholder’s stake in the relevant business year. Reserve for participating policyholder’s dividends are fixed dividend reserves in which the amount to be allocated is confirmed for each policyholder, while excess participating policyholder dividend reserves are not a confirmed amount to be paid to the policyholders. The Group shall first use the total amount of excess participating policyholder dividend reserves accumulated prior to the current financial year as reserves for participating policyholder’s dividends, and the accumulated excess participating policyholder dividend reserves shall be used as a resource of policyholder dividends within five years from the end of the current year. Reserves for loss from participating insurance are accumulated for the purpose of compensating for losses in dividend insurance contracts under laws, etc., and shall take precedence over reserves for participating policyholder’s dividends and excess participating policyholder dividend reserves. Reserves for loss from participating insurance are accumulated within 30/100 of the policyholder’s stake, and are compensated for losses incurred in dividend insurance contracts within five years of accumulation, and the remaining amount after preservation is used as a resource of policyholder dividends. (b) Insurance risk management policy Unlike other financial products, life insurance products have the nature of long-term duration, which can lead to a significant increase in actual claims in comparison to the risk rates set at product development stage, and the entities may be exposed to differences in interest rates and maturity of insurance liability and the financial asset. The purpose of the Group’s risk management is to reflect these uncertain financial environments and the characteristics of life insurance products with long-term duration to prevent and systematically manage various risks in the course of management activities. In order to achieve this, risk management strategy of the Group is to measure the required capital of the Risk-Based Capital (RBC) and to manage it within an acceptable range. To achieve this, the Group has established and implemented basic principles for risk management and has established regulations and management systems aiming for the implementation to be successful. Also, the Risk Management Committee and the Risk Management TF are in place to support various risk-related decisions and prepare risk management procedures to identify and manage risks in a timely manner. In general, risk management procedures are to recognize exposed risks, measure their scale, set acceptable limits, monitor them regularly and report them to management, and control them efficiently to prevent the case of risks exceeding the limits. The risk management methods of different types of risks are as follows. ① Insurance risk management From the product development stage, profitability guidelines are set to secure appropriate level of profitability, acquisition standards are set and operated to prevent reverse selection, and payment review standards are operated to ensure fairness upon payments of claims. ② Interest risk management Determination of the official interest rate and the estimated interest rate within the scope of the guideline in consideration of the market interest rate and the rate of return on operating assets. In addition, asset management strategies are established in consideration of the interest rate and maturity structure of liabilities, long-term target portfolios are established and annually viable portfolios are set as guidelines to allocate and operate assets based on the risk level and return on assets after analyzing the long-term insurance liability. ③ Liquidity risk management Inspection and management of insurance payments and current assets on a day-to-day (c) Statutory reserves Policy reserves are liabilities related to policyholders, and the fidelity of accumulating reserves based on profit or loss is being strictly regulated by the regulators as they are directly related to maintaining the quality of the business and protecting the interests of policyholders. Accordingly, the supervisory authorities are reinforcing the statutory reserves system in relation to the method of accumulating and calculating each policy reserve. The current method, which uses the basic reserve rates as equivalent to the basic rate of premium calculation, may threaten the financial quality of the Group by causing insolvency of reserves when insurance prices are liberally set. The system is designed to prevent insolvency of the financial structure that can lead to liberalization of premium and protect the rights and interests of policyholders by introducing a statutory reserves system to use objective and conservative basic rates when accumulating reserves. In other words, statutory reserve is an institutional framework that dualizes the base rate of contracts by evaluating the fidelity of reserves by setting the risk rate or interest rate applied to calculate policy reserves more conservatively than the risk rate or interest rate applied when calculating the premiums. For an insurer to calculate its policy reserves, it needs expected base rates of the future such as interest base rates and expected risk rates, and the estimated valuation of the liability based on these expected base rates is the policy reserve. As simply leaving these policy reserves entirely to the insurance entity’s self-determination after the liberalization of policy reserves framework is not the main purpose of the liberalization, the government needs to establish a certain level of reserve framework to protect policyholders, strengthen financial solvency of the insurance entities, and prevent insurance entities from being insolvent due to price competition such as insurance dumping. According to the regulations on supervision of insurance business, premium reserves are calculated by applying the base rate of interest and base risk rate set by the Financial Supervisory Service. In this case, the base rate is the base rate of interest for the year of entering into an insurance contract over the entire coverage period. However, the highest interest rate among the accreted interest rate set in the premiums and policy reserves calculation method is applied for the reserves of interest-sensitive insurance. As a result, if the premium reserves calculated at the base rate applied in calculation of the premiums and the premium reserves calculated at the base rate of interest and base risk rates are different, a large amount should be set aside as the premium reserves to protect the policyholder by accumulating reserves above a certain level. Current policy reserves are calculated by the year of issuance evaluation. In other words, the base rate of valuation of policy reserves are applied equally to the interest rate and risk rate applied at the time of entering an insurance contract until the end of the contract. This method is suitable for stable circumstances in which the financial environment at the sale of insurance products and the financial environment during the policy period barely change, so liability can be accumulated stably, but it cannot be dealt flexibly with in the event of changes in market interest rates and expected risk upon the sale of a contract. Therefore, there is a possibility that the policy reserves will not properly reflect the fair value of the contract. To compensate for the shortcomings that do not reflect these market changes, the Liability Adequacy Test was introduced. (d) Financial risks related to insurance contracts i) Forms of risk exposure and the different types of risks Investment contracts with insurance contracts and discretionary participation features may be exposed to insurance liability or financial risks, and the form of exposure is as follows. ① Credit risk Credit risk refers to the risk of loss caused by the counterparty’s default in provision of funds or entering a contract agreed to exchange at a predetermined price at a certain point in the future. The Group’s reinsurance assets and reinsurance receivables are exposed to losses in case of default by the reinsurer upon collection of premiums and receivables from the reinsurer in the future. ② Interest rate risk Interest rate risk refers to the risk that occurs when the financial position of the Group is affected by the adverse interest rate movements on assets and liabilities. ③ Liquidity risk Liquidity risk refers to a risk caused by inconsistency in the maturity of assets and liabilities or failure to respond to unexpected capital outflows. Therefore, future cash outflows from investment contracts with insurance liability and discretionary participation features which takes the most proportion of the Group’s liabilities, will determine the level of risk related to the liquidity of the Group. ④ Market risk Market risk refers to the risk of losses being incurred when the entity’s financial position is affected by the adverse price movements such as stock prices and exchange rates. The prices of investment contracts with insurance liability and discretionary participation features, does not change due to movements in stock prices and exchange rates, hence there is no effect on profit or loss and capital from movements in the amount of each liability. ii) The degree to which discretionary participation features mitigate or increase the risk. For contracts with discretionary participation features, policyholders will receive relatively high premiums by calculating the expected base rate relatively conservative compared to contracts without discretionary participation features, and future payments of premiums will be refunded to the policyholders through policyholder dividends. However, for contracts without discretionary participation features, an optimal expected base rate which is unlikely to be conservative will be set when setting the initial expected base rate and policyholders will receive a relatively low premium. Furthermore, if the expected and the actual base rates are different, the Group will bear the resulting profit or loss. Therefore, a contract with discretionary participation features has a structure in which a conservative base rate of interest is set, and risks related to the contract are shared with the policyholder. In the case of a contract without discretionary participation features, the entity alone bears the risk of the initial base rate of interest. iii) Risks associated with guarantees Guarantee options inherent in insurance contracts include Guaranteed Minimum Death Benefit (GMDB), Guaranteed Minimum Pension (GMP), and guaranteed minimum interest rate, which can increase cash outflows where market prices and interest rates fall below a certain level. (e) Insurance liabilities as of December 31, 2020 and 2021 are as follows: 2020 2021 Policy reserve W 53,391,401 54,330,046 Policyholder’s equity adjustment 68,829 3,452 W 53,460,230 54,333,498 (f) Policy reserve as of December 31, 2020 and 2021 are as follows: 2020 2021 Variable interest rate W 29,977,303 29,399,446 Fixed interest rate 23,414,098 24,930,600 W 53,391,401 54,330,046 (g) The details of policy reserves for insurance risk classification as of December 31, 2020 and 2021 are as follows: 2020 Individual insurance Group insurance Pure Death Endowment Subtotal Pure Savings Subtotal Total Premium reserve W 14,597,735 26,634,537 9,981,880 51,214,152 18,430 62 18,492 51,232,644 Guarantee reserve 28,168 267,154 762 296,084 — — — 296,084 Unearned premium reserve 1 1,640 — 1,641 13 — 13 1,654 Reserve for outstanding claims 240,324 1,111,052 363,688 1,715,064 15,384 — 15,384 1,730,448 Interest rate difference guarantee reserve 1,937 141 9 2,087 — — — 2,087 Mortality gains reserve 7,865 37,553 124 45,542 1 — 1 45,543 Interest gains reserve 23,651 256 14 23,921 — — — 23,921 Expense gains reserve 6,606 8,336 — 14,942 — — — 14,942 Long term duration dividend reserve 28,737 13,775 12 42,524 — — — 42,524 Reserve for policyholder’s profit dividend 1,080 — — 1,080 — — — 1,080 Reserve for losses on dividend insurance contract 474 — — 474 — — — 474 W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 2021 Individual insurance Group insurance Pure Death Endowment Subtotal Pure Savings Subtotal Total Premium reserve W 14,515,676 28,443,718 9,078,015 52,037,409 15,609 64 15,673 52,053,082 Guarantee reserve 24,717 284,474 871 310,062 — — — 310,062 Unearned premium reserve 1 1,660 — 1,661 8 — 8 1,669 Reserve for outstanding claims 266,157 1,137,858 424,897 1,828,912 14,376 — 14,376 1,843,288 Interest rate difference guarantee reserve 1,734 130 7 1,871 — — — 1,871 Mortality gains reserve 6,894 34,085 88 41,067 2 — 2 41,069 Interest gains reserve 23,031 242 12 23,285 — — — 23,285 Expense gains reserve 6,068 7,595 — 13,663 — — — 13,663 Long term duration dividend reserve 26,799 12,663 7 39,469 — — — 39,469 Reserve for policyholder’s profit dividend 1,635 — — 1,635 — — — 1,635 Reserve for losses on dividend insurance contract 953 — — 953 — — — 953 W 14,873,665 29,922,425 9,503,897 54,299,987 29,995 64 30,059 54,330,046 (h) Changes in policy reserves Changes in policy reserves for the year ended December 31, 2020 and 2021 are as follows: 2020 Insurance Insurance variable-interest Total Beginning balance W 22,028,112 30,058,020 52,086,132 Reserve (*) 1,385,986 (80,717 ) 1,305,269 Ending balance W 23,414,098 29,977,303 53,391,401 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. 2021 Insurance Insurance variable-interest Total Beginning balance W 23,414,098 29,977,303 53,391,401 Reserve (*) 1,516,502 (577,857 ) 938,645 Ending balance W 24,930,600 29,399,446 54,330,046 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. (i) Changes in policy reserves by insurance risk classification Changes in policy reserves by insurance risk classification for the year ended December 31, 2020 and 2021 are as follows: 2020 Individual insurance Group insurance Pure Death Endowment Sub Pure Savings Sub Total Beginning balance W 14,986,916 26,382,609 10,677,484 52,047,009 39,063 60 39,123 52,086,132 Reserve (reversal) (*) (50,338 ) 1,691,835 (330,995 ) 1,310,502 (5,235 ) 2 (5,233 ) 1,305,269 Ending balance W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. 2021 Individual insurance Group insurance Pure Death Endowment Sub Pure Savings Sub Total Beginning balance W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 Reserve (reversal) (*) (62,913 ) 1,847,981 (842,592 ) 942,476 (3,833 ) 2 (3,831 ) 938,645 Ending balance W 14,873,665 29,922,425 9,503,897 54,299,987 29,995 64 30,059 54,330,046 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. (j) Reinsurance credit risk as of December 31, 2020 and 2021 are as follows: 2020 2021 Reinsurance Reinsurance Reinsurance Reinsurance AAA W 10,611 47,690 — — AA- 29,294 23,348 15,310 23,472 A- 2,375 4,018 31,740 46,615 W 42,280 75,056 47,050 70,087 (k) Income or expenses on insurance for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Insurance income: Premium income W 7,386,854 7,037,308 6,255,872 Reinsurance income 146,564 152,892 153,534 Separate account income 36,007 57,553 75,117 7,569,425 7,247,753 6,484,523 Insurance expenses: Claims paid 5,436,069 5,564,875 5,346,364 Reinsurance premium expenses 165,979 167,215 175,282 Provision for policy reserves (*) 1,724,816 1,311,252 933,875 Separate account expenses 36,007 57,553 75,116 Acquisition costs 805,508 802,942 687,469 Collection expenses and discount fee 19,706 19,922 16,810 Deferred acquisition costs (495,534 ) (486,972 ) (397,196 ) Amortization of deferred acquisition costs 373,800 414,898 422,189 8,066,351 7,851,685 7,259,909 Net loss on insurance W (496,926 ) (603,932 ) (775,386 ) (*) Interest expenses on savings insurance contracts are included. (l) Maturity of premium reserve as of December 31, 2020 and 2021 are as follows: 2020 Less than or 1 ~ 3 3 ~ 7 7 ~ 10 10 ~ 20 More than Total Variable interest rate W 929,268 1,944,710 1,819,554 820,964 2,056,906 19,729,536 27,300,938 Fixed interest rate 164,890 418,574 983,635 594,667 2,090,669 19,679,271 23,931,706 Ending balance W 1,094,158 2,363,284 2,803,189 1,415,631 4,147,575 39,408,807 51,232,644 2021 Less than or 1 ~ 3 3 ~ 7 7 ~ 10 10 ~ 20 More than Total Variable interest rate W 906,017 1,492,275 1,420,942 653,388 2,001,348 20,082,744 26,556,714 Fixed interest rate 99,289 471,909 772,549 687,077 2,072,122 21,393,422 25,496,368 Ending balance W 1,005,306 1,964,184 2,193,491 1,340,465 4,073,470 41,476,166 52,053,082 (m) Liability adequacy test, LAT – Shinhan Life Insurance Co., Ltd. i) Scope Liability adequacy tests are performed on the premium reserve, unearned premium reserve and guarantee reserve for the contracts held at December 31, 2021. The premium reserve considered the amount net level premium reserve less, where appropriate, deferred acquisition cost in accordance with the article 6-3 ii) Output overview In the debt appraisal system, the insurance premium surplus method is applied to calculate premium deficits. Premium deficiency refers to deficiency when the amount of accumulated reserve is insufficient due to a decrease in the interest rate after the sale of the product or an increase in the risk rate compared with the expected basic rate at the time of product development. The insurance premium standard inspection method is a method of calculating the reserve amount based on the present value of total income reflecting the interest rate, the risk rate, the business ratio, the cancelation rate, etc. and the present value of the total expenditure, that is, interest rate(discount rate), business ratio, risk rate, and cancelation rate calculated based on the Group’s own experience, which reflects company-specific characteristics, and does not reflect subjective factors such as management’s willingness to improve management. iii) Assumptions and basis of calculation applied The assumptions and basis of calculation applied to calculate the estimates of future cash flows when performing liability adequacy test for the year ended December 31, 2021 and 2020 are as follows. The criteria of Insurance contract liability adequacy test were changed during the period, and the Group has applied the change in the accounting policy as it provides more reliable and relevant information on the estimate of future cash flows, and the comparative figures with the prior period disclosed in the notes have been rewritten. Assumptions January 1, 2020 December 31, 2020 December 31, 2021 Assumption applied and Discount rate Shinhan Life Insurance Co., Ltd. -2.861% ~ 16.336% Orange Life Insurance Co., Ltd. -2.861% ~ 16.336% Shinhan Life Insurance Co., Ltd. -3.623% ~ 23.477% Orange Life Insurance Co., Ltd. -3.623% ~ 23.477% -3.39% ~ 19.541% The interest rate scenario calculated and presented by the Financial Supervisory Service as a scenario in which a liquidity premium is added to the risk-free rate of return scenario. Mortality rate Shinhan Life Insurance Co., Ltd. 11.36% ~ 497.99% Orange Life Insurance Co., Ltd. 20% ~ 255% Shinhan Life Insurance Co., Ltd. 10.38% ~ 585.90% Orange Life Insurance Co., Ltd. 15% ~ 255% 16% ~ 751% (Shinhan Life Insurance) on-level Surrender ratio Shinhan Life Insurance Co., Ltd. 0.76% ~ 33.03% Orange Life Insurance Co., Ltd. 0% ~ 50% Shinhan Life Insurance Co., Ltd. 0.53% ~ 29.83% Orange Life Insurance Co., Ltd. 0% ~ 61% 0% ~ 84% Lapse rate by sales channel, product, and time elapsed for the past five years. iv) The result of liability adequacy test as of January 1, 2020 and December 31, 2020 and 2021 are as follows: < Shinhan Life Insurance> January 1, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 595,317 1,367,648 (772,331 ) Variable interest 900,378 1,082,341 (181,963 ) Non- Fixed interest 6,608,221 4,199,666 2,408,555 Variable interest 14,481,696 13,770,288 711,408 Variable type 81,369 (28,011 ) 109,380 W 22,666,981 20,391,932 2,275,049 December 31, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 598,793 1,371,496 (772,703 ) Variable interest 915,382 1,062,384 (147,002 ) Non- Fixed interest 7,230,482 4,222,670 3,007,812 Variable interest 14,456,394 13,753,963 702,431 Variable type 165,259 61,212 104,047 W 23,366,310 20,471,725 2,894,585 December 31, 2021 Provisions for test LAT base Premium surplus Participating: Fixed interest W 1,371,625 2,098,387 (726,762 ) Variable interest 2,099,040 3,024,911 (925,871 ) Non- Fixed interest 18,749,426 8,155,797 10,593,629 Variable interest 23,059,035 21,378,217 1,680,818 Variable type 109,753 (1,437,388 ) 1,547,141 W 45,388,879 33,219,924 12,168,955 <Orange Life Insurance> January 1, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 716,607 762,204 (45,597 ) Variable interest 1,134,245 1,651,134 (516,889 ) Non-Participating: Fixed interest 9,296,542 5,795,590 3,500,952 Variable interest 9,236,731 9,142,918 93,813 Variable type (268,818 ) (1,877,845 ) 1,609,027 W 20,115,307 15,474,001 4,641,306 December 31, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 745,614 793,719 (48,105 ) Variable interest 1,174,807 1,698,984 (524,177 ) Non-Participating: Fixed interest 10,061,004 5,850,160 4,210,844 Variable interest 9,190,507 8,998,793 191,714 Variable type (15,032 ) (1,548,878 ) 1,533,846 W 21,156,900 15,792,778 5,364,122 |
Other liabilities
Other liabilities | 12 Months Ended |
Dec. 31, 2021 | |
Other liabilities [Abstract] | |
Other liabilities | 28. Other liabilities Other liabilities as of December 31, 2020 and 2021 are as follows: 2020 2021 Lease liabilities (*) W 594,161 612,690 Accounts payable 14,568,962 14,041,740 Accrued expenses 3,054,247 3,273,939 Dividend payable 32,508 32,275 Advance received 164,885 177,121 Unearned income 317,283 397,010 Withholding value-added tax and other taxes 692,719 673,294 Securities deposit received 2,198,722 1,985,269 Foreign exchange settlement pending 259,138 221,521 Domestic exchange settlement pending 5,745,338 1,890,408 Payable from trust account 5,086,459 5,191,901 Due to agencies 790,486 887,400 Deposits for subscription 148,506 133,550 Separate account liabilities 10,120,258 9,834,895 Sundry liabilities 1,617,449 1,563,832 Others 185,027 126,455 Present value discount (49,935 ) (52,464 ) W 40,990,836 (*) As of December 31, 2021, the Group accounts for the lease liabilities as other liabilities. For the year ended December 31, 2021, the amount of variable lease payments that are not included in the measurement of lease liabilities is W W W |
Equity
Equity | 12 Months Ended |
Dec. 31, 2021 | |
Equity [abstract] | |
Equity | 29. Equity (a) Equity as of December 31, 2020 and 2021 are as follows: 2020 2021 Capital stock: Common stock (*1) W 2,608,176 2,608,176 Preferred stock 361,465 361,465 2,969,641 2,969,641 Hybrid bond 2,179,934 3,334,531 Capital surplus: Share premium 11,352,924 11,352,819 Others 882,015 742,224 12,234,939 12,095,043 Capital adjustments (687,935 ) (664,429 ) Accumulated other comprehensive income, net of tax: Gain(loss) on financial assets at fair value through other comprehensive income 226,811 (614,872 ) Gain on financial assets at fair value through profit or loss (Overlay approach) 161,919 141,821 Equity in other comprehensive income of associates 4,849 7,595 Foreign currency translation adjustments for foreign operations (377,061 ) (125,219 ) Net loss from cash flow hedges (48,171 ) (26,471 ) Other comprehensive income(loss) of separate account 18,423 (22,850 ) Remeasurement of defined benefit obligation (385,780 ) (343,124 ) Changes in own credit risk on financial liabilities designated under fair value option (5,171 ) (1,816 ) (404,181 ) (984,936 ) Retained earnings (*2),(*3),(*4) 27,777,169 30,541,300 Non-controlling 2,287,291 2,247,272 W 46,356,858 49,538,422 (*1) For the year ended December 31, 2020, it increased due to common stock and third-party allocation paid-in W allocation-based (*2) As of December 31, 2020 and 2021, profits reserved by the Group as of Article 53 of the Financial Holding Companies Act amounted to W W (*3) As of December 31, 2020 and 2021, the regulatory reserves for loan losses the Group appropriated in retained earnings are W W (*4) As of December 31, 2021, profit dividends within retained earnings of subsidiaries of the Group restricted in accordance with laws, etc. are amounted to W (*5) As of December 31, 2020 and 2021, the total amounts of hybrid bonds that Shinhan Bank, Jeju Bank, Shinhan Capital Co,.Ltd. and Shinhan Life Insurance Co., Ltd. have recognized as non-controlling W W W W non-controlling (*6) The non-controlling W (*7) The non-controlling W (b) Capital stock Capital stock of the Group as of December 31, 2020 and 2021 are as follows: Number of authorized shares 1,000,000,000 Par value per share in won W 5,000 Number of issued common stocks as of December 31, 2020 516,599,554 Number of issued common stocks as of December 31, 2021 516,599,554 Number of issued preferred stocks as of December 31, 2020 and 2021 17,482,000 The details of changes in the number of common shares outstanding as of December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance 460,317,525 515,894,758 Increase 60,626,827 700,870 Decrease (5,049,594 ) (2,426 ) Ending balance 515,894,758 516,593,202 (c) The details of preferred stock are as follows: The number Contracted Conversion request Convertible preferred stock 17,482,000 4.0% per year based on issue price (non-cumulative 2020.05.01~2023.04.30 (*) Preferred stocks that have not been converted for 4 years from the issuance date and until the expiration date of the period of existence are automatically converted to common stocks at the expiration date of the period of existence. (d) Hybrid bonds Hybrid bonds classified as other equity instruments as of December 31, 2020 and 2021 are as follows: Issue date Maturity date Interest rate (%) 2020 2021 KRW June 25, 2015 June 25, 2045 4.38 W 199,455 199,455 September 15, 2017 — 3.77 134,683 134,683 September 15, 2017 — 4.25 89,783 89,783 April 13, 2018 — 4.08 134,678 134,678 April 13, 2018 — 4.56 14,955 14,955 August 29, 2018 — 4.15 398,679 398,679 June 28, 2019 — 3.27 199,476 199,476 September 17, 2020 — 3.12 448,699 448,699 March 16, 2021 — 2.94 — 429,009 March 16, 2021 — 3.30 — 169,581 USD August 13, 2018 — 5.88 559,526 559,526 May 12, 2021 — 2.88 — 556,007 W 2,179,934 3,334,531 (*) For the year ended December 31, 2021, the deduction for capital related to hybrid bonds issued is W The hybrid bonds above can be repaid early after 5 or 10 years from the date of issuance, and the controlling company has an unconditional right to extend the maturity under the same condition. In addition, if no dividend is to be paid for common stocks, the agreed interest is also not paid. (e) Capital adjustments Changes in capital adjustments for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W (1,116,770 ) (687,935 ) Acquisition of treasury stocks (150,467 ) (79 ) Disposal and retirement of treasury stocks 601,809 23,589 The acquisition commitment amount for subsidiaries’ remaining shares (22,019 ) — Other transactions with owners (488 ) (4 ) Ending balance W (687,935 ) (664,429 ) (f) Accumulated other comprehensive income Changes in accumulated other comprehensive income for the years ended December 31, 2020 and 2021 are as follows: 2020 Items that are or may be reclassified to profit or loss Items that will never be reclassified to profit or loss Total Gain (loss) on Gain (loss) on Equity in Foreign Net gain Other Remeasure Equity in Gain (loss) on Gain (loss) on l Beginning balance W 233,328 71,621 8,193 (217,465 ) (33,711 ) 14,539 (401,532 ) (16 ) 73,142 (8,255 ) (260,156 ) Change due to fair value (3,601 ) 125,298 (1,080 ) — — 5,358 — (15 ) (19,133 ) (9,689 ) 97,138 Reclassification: Change due to impairment or disposal (105,274 ) — — 5,858 — — — — — 13,942 (85,474 ) Effect of hedge accounting — — — — 144,750 — — — — — 144,750 Hedging (4,395 ) — — 45,083 (164,708 ) — — — — — (124,020 ) Effects from changes in foreign exchange rate — 74 (355 ) (219,306 ) — — — — 721 — (218,866 ) Remeasurements of the defined benefit plans — — — — — — 21,422 — — — 21,422 Deferred income taxes 26,486 (35,074 ) (1,883 ) 7,000 5,498 (1,474 ) (5,610 ) 5 (2,573 ) (1,169 ) (8,794 ) Transfer to other account — — — — — — — — 27,825 — 27,825 Non-controlling 285 — — 1,769 — — (60 ) — — — 1,994 Ending balance W 146,829 161,919 4,875 (377,061 ) (48,171 ) 18,423 (385,780 ) (26 ) 79,982 (5,171 ) (404,181 ) 2021 Items that are or may be reclassified to profit or loss Items that will never be reclassified to profit or loss Total Gain (loss) on Gain (loss) on Equity in Foreign Net gain Other Remeasure Equity in Gain (loss) on Gain (loss) on l Beginning balance W 146,829 161,919 4,875 (377,061 ) (48,171 ) 18,423 (385,780 ) (26 ) 79,982 (5,171 ) (404,181 ) Change due to fair value (1,110,290 ) (31,924 ) 6,517 — — (56,484 ) — (3 ) 21,408 (1,526 ) (1,172,302 ) Reclassification: Change due to impairment or disposal (114,399 ) — — — — — — — — — (114,399 ) Effect of hedge accounting — — — — (209,869 ) — — — — — (209,869 ) Hedging 10,627 — — (74,525 ) 239,800 — — — — — 175,902 Effects from changes in foreign exchange rate — — — 333,059 — — — — 673 — 333,732 Remeasurements of the defined benefit plans — — — — — — 59,441 — — — 59,441 Deferred income taxes 334,391 11,826 (3,769 ) (6,226 ) (8,231 ) 15,211 (16,164 ) 1 (16,061 ) (1,272 ) 309,706 Transfer to other account — — — — — — — — 29,421 6,153 35,574 Non-controlling 2,547 — — (466 ) — — (621 ) — — — 1,460 Ending balance W (730,295 ) 141,821 7,623 (125,219 ) (26,471 ) (22,850 ) (343,124 ) (28 ) 115,423 (1,816 ) (984,936 ) (g) Appropriation of retained earnings The appropriation of retained earnings for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Date of appropriation: March 25, 2021 March 24, 2022 Unappropriated retained earnings: Balance at beginning of year W 5,251,413 5,355,358 Retirement of treasury stock (150,325 ) — Dividend to hybrid bonds (85,327 ) (116,388 ) Interim dividends — (299,082 ) Net income 1,274,443 1,413,956 6,290,204 6,353,844 Appropriation of retained earnings: Legal reserve (127,444 ) (141,396 ) Dividends Dividends on common stocks paid (773,839 ) (723,230 ) Dividends on preferred stocks paid (29,999 ) (24,475 ) Regulatory reserve for loan losses (3,564 ) (2,972 ) (934,846 ) (892,073 ) Unappropriated retained earnings to be carried over to subsequent year W 5,355,358 5,461,771 (*) These statements of appropriation of retained earnings are based on the separate financial statements of Shinhan Financ i al (h) Regulatory reserve for loan losses In accordance with Regulations for the Supervision of Financial Institutions, the Group reserves the difference between allowance for credit losses by IFRS and that as required by the Regulations at the account of regulatory reserve for loan losses in retained earnings. i) Changes in regulatory reserve for loan losses including non-controlling 2020 2021 Beginning balance W 3,161,170 3,329,899 Planned regulatory reversal of loan losses 168,729 369,416 Ending balance W 3,329,899 3,699,315 (*) After the Board of Directors’ approval of financial statements (February 9, 2022), on March 15, 2022, the Board of Directors decided to set an additional reserve for loan losses of W ii) Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Profit attributable to equity holders of Shinhan Financial Group W 3,414,595 4,019,254 Provision for regulatory reserve for loan losses (*1) (177,620 ) (364,882 ) Profit attributable to equity holders of Shinhan Financial Group adjusted for regulatory reserve W 3,236,975 3,654,372 Basic and diluted earnings per share adjusted for regulatory reserve in won (*2) 6,299 6,625 (*1) After the Board of Directors’ approval of financial statements (February 9, 2022), on March 15, 2022, the Board of Directors decided to set an additional reserve for loan losses of W W (*2) Dividends for hybrid bonds are deducted. (i) Treasury stock The acquisitions of treasury stock for the years ended December 31, 2020 and 2021 are as follows: 2020 (*) 2021 The number of Carrying The number of Carrying Beginning balance 13,882,062 W 600,000 704,796 W 28,215 Acquisition 5,049,594 150,467 2,426 79 Disposal 13,191,202 (572,252 ) 700,870 (28,067 ) Retirement 5,035,658 (150,000 ) — — Ending balance 704,796 W 28,215 6,352 W 227 (*) Changes in equity shares due to the exchange of shares with Orange Life Insurance Co., Ltd. and Shinhan Venture Investment Co., Ltd. are included in the acquisition and disposal for treasury stock. Shares of Shinhan Financial Group Co., Ltd. is owned by Orange Life Insurance Co., Ltd. and Shinhan Venture Investment Co., Ltd. are included in its own shares. |
Dividends
Dividends | 12 Months Ended |
Dec. 31, 2021 | |
Dividends [Abstract] | |
Dividends | 30. Dividends (a) For the year ended December 31, 2021, the interim dividends paid are as follows: Dividend base date Amount 2 ND Quarter Common stock ( W W 154,978 Convertible preferred stock ( W 5,245 W 160,223 Dividend base date Amount 3 rd Quarter Common stock ( W W 134,314 Convertible preferred stock ( W 4,545 W 138,859 (*) The Group has amended the articles of association by resolution of the general meeting of stockholders on March 25, 2021 and the Group has been offering interim dividends since June 30, 2021. (b) Details of dividends recognized as distributions to stockholders for the years ended December 31, 2020 and 2021 are as follows: 2020 2021(*) Common Stock: Total number of shares issued and outstanding 516,599,554 516,599,554 Par value per share in won 5,000 5,000 Dividend per share in won 1,500 1,400 Dividends (*2) W 773,839 723,230 Dividend rate per share % 30.0 28.0 Preferred Stock: Total number of shares issued and outstanding 17,482,000 17,482,000 Par value per share in won 5,000 5,000 Dividend per share in won 1,716 1,400 Dividends W 29,999 24,475 Dividend rate per share % 34.3 28.0 (*1) The current dividend (plan) was (*2) Dividends on own shares held by the Group are excluded. (c) The details of dividends paid by the Group related to the preferred stock issued for the year ended December 31, 2021 are as follows: Number of Dividend per share (in won) Total dividend Issue price per share (in won) Dividend rate per issue 17,482,000 1,960 34,265 42,900 4.57 (d) Dividends for hybrid bond is calculated as follows for the years ended December 31, 2020 and 2021: 2020 2021 Amount of hybrid bond W 2,188,150 3,347,700 Interest rate (%) 3.12 ~ 5.88 2.88 ~ 5.88 Dividends W 85,327 116,388 |
Net interest income
Net interest income | 12 Months Ended |
Dec. 31, 2021 | |
Net interest income [Abstract] | |
Net interest income | 31. Net interest income Net interest income for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Interest income: Cash and deposits at amortized cost W 210,415 128,023 85,846 Deposits at FVTPL 31,506 13,888 1,298 Securities at FVTPL 740,378 742,958 659,927 Securities at FVOCI 1,077,995 957,817 896,027 Securities at amortized cost 1,061,262 1,076,849 1,091,974 Loans at amortized cost 12,435,302 11,697,775 11,889,767 Loans at FVTPL 56,961 73,991 35,587 Others 93,543 82,695 63,804 15,707,362 14,773,996 14,724,230 Interest expense: Deposits (3,644,632 ) (2,842,625 ) (2,173,804 ) Borrowings (551,416 ) (426,607 ) (330,548 ) Debt securities issued (1,666,257 ) (1,554,544 ) (1,390,230 ) Others (107,093 ) (67,520 ) (60,323 ) (5,969,398 ) (4,891,296 ) (3,954,905 ) Net interest income W 9,737,964 9,882,700 10,769,325 |
Net fees and commission income
Net fees and commission income | 12 Months Ended |
Dec. 31, 2021 | |
Fee and commission income (expense) [abstract] | |
Net fees and commission income | 32. Net fees and commission income Net fees and commission income for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Fees and commission income: Credit placement fees W 66,666 94,836 71,480 Commission received as electronic charge receipt 151,584 143,449 148,626 Brokerage fees 353,382 546,236 577,238 Commission received as agency 140,484 145,162 146,662 Investment banking fees 151,031 161,439 188,644 Commission received in foreign exchange activities 244,325 239,467 271,808 Trust management fees 307,167 255,043 310,376 Credit card fees 1,234,239 1,170,078 1,175,084 Operating lease fees (*) 142,025 245,173 365,447 Others 766,110 813,591 884,520 3,557,013 3,814,474 4,139,885 Fees and commission expense: Credit-related fee (42,023 ) (46,456 ) (38,668 ) Credit card fees (915,521 ) (849,256 ) (836,990 ) Others (458,950 ) (535,829 ) (589,230 ) (1,416,494 ) (1,431,541 ) (1,464,888 ) Net fees and commission income W 2,140,519 2,382,933 2,674,997 (*) Among operating lease fees recognized for the years ended December 31, 2020 and 2021, there is no variable lease fee income which does not vary by index or rate. |
Dividend income
Dividend income | 12 Months Ended |
Dec. 31, 2021 | |
Dividend income [Abstract] | |
Dividend income | 33. Dividend income Dividend income for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Securities at FVTPL W 65,572 76,453 100,315 Securities at FVOCI 16,586 21,503 24,216 W 82,158 97,956 124,531 |
Net gain (loss) on financial in
Net gain (loss) on financial instruments measured at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2021 | |
Net gain (loss) on financial instruments measured at fair value through profit or loss [Abstract] | |
Net gain (loss) on financial instruments measured at fair value through profit or loss | 34. Net gain (loss) on financial instruments measured at fair value through profit or loss Net gain(loss) on financial instruments measured at fair value through profit or loss for the ended December 31, 2019 2020 and 2021 are as follows: 2019 2020 2021 Net gain (loss) on deposits measured at FVTPL Gain (loss) on valuation W 87,374 1,267 (296 ) Gain (loss) on sale 13,400 28,461 (1,479 ) 100,774 29,728 (1,775 ) Net gain (loss) on loans measured at FVTPL loss on valuation (248,032 ) (204,702 ) (78,416 ) Gain on sale 10,395 17,516 15,312 (237,637 ) (187,186 ) (63,104 ) Net gain (loss) on securities measured at FVTPL Debt securities Gain on valuation 137,181 41,208 97,281 Gain (loss) on sale 125,431 72,338 (92,230 ) Other gains 297,024 331,837 506,980 559,636 445,383 512,031 Equity securities Gain on valuation 141,246 134,922 180,363 Gain on sale 183,969 283,265 199,702 325,215 418,187 380,065 Other Gain on valuation 28,803 22,690 9,316 913,654 886,260 901,412 2019 2020 2021 Net gain (loss) on financial liabilities measured at FVTPL Debt securities Loss on valuation (16,810 ) (48,261 ) (7,745 ) Gain (loss) on disposal (35,710 ) 82,724 (67,522 ) (52,520 ) 34,463 (75,267 ) Other Loss on valuation (91,025 ) (83,316 ) (26,224 ) Gain on disposal 4,169 8,313 3,489 (86,856 ) (75,003 ) (22,735 ) (139,376 ) (40,540 ) (98,002 ) Derivatives: Gain (loss) on valuation 388,880 245,681 (64,128 ) Gain (loss) on transaction 359,187 (661,113 ) 429,228 748,067 (415,432 ) 365,100 W 1,385,482 272,830 1,103,631 |
Net gain (loss) on financial _2
Net gain (loss) on financial instruments designated at fair value through profit or loss | 12 Months Ended |
Dec. 31, 2021 | |
Net gain (loss) on financial instruments designated at fair value through profit or loss [Abstract] | |
Net gain (loss) on financial instruments designated at fair value through profit or loss | 35. Net gain (loss) on financial instruments designated at fair value through profit or loss Net gain (loss) on financial instruments designated at fair value through profit or loss for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Financial liabilities designated at fair value through profit or loss: Compound financial instruments Gain (loss) on valuation W (33,871 ) 241,066 423,914 Loss on sale and redemption (812,175 ) (42,827 ) (512,215 ) W (846,046 ) 198,239 (88,301 ) |
Reversal of (provision for) cre
Reversal of (provision for) credit loss allowance | 12 Months Ended |
Dec. 31, 2021 | |
Provision for allowance for credit loss [Abstract] | |
Reversal of (provision for) credit loss allowance | 36. Reversal of (provision for) credit loss allowance Reversal of (provision for) credit loss allowance on financial assets for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Allowance provided: Loans at amortized cost W (910,898 ) (1,290,695 ) (907,070 ) Other financial assets at amortized cost (33,945 ) (33,785 ) (52,162 ) Securities at fair value through other comprehensive income (5,787 ) (3,829 ) (19,697 ) Unused credit line and financial guarantee (29,519 ) (52,795 ) — Securities at amortized cost (543 ) (1,075 ) (5,305 ) (980,692 ) (1,382,179 ) (984,234 ) Allowance reversed: Unused credit commitment and financial guarantee — — 9,549 W (980,692 ) (1,382,179 ) (974,685 ) |
General and administrative expe
General and administrative expenses | 12 Months Ended |
Dec. 31, 2021 | |
General and Administrative Expenses [Abstract] | |
General and administrative expenses | 37. General and administrative expenses General and administrative expenses for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Employee benefits: Salaries W 2,918,065 3,034,543 3,283,436 Severance benefits: Defined contribution 35,972 36,660 38,577 Defined benefit 168,732 184,753 192,614 Termination benefits 122,732 94,723 268,089 3,245,501 3,350,679 3,782,716 Entertainment 36,931 34,963 38,552 Depreciation 479,657 475,506 490,457 Amortization 99,208 129,976 155,202 Taxes and utility bills 197,691 197,996 187,432 Advertising 265,739 204,308 280,780 Research 17,742 20,271 25,320 Others 792,205 798,774 782,629 W 5,134,674 5,212,473 5,743,088 |
Share-based payments
Share-based payments | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of terms and conditions of share-based payment arrangement [abstract] | |
Share-based payments | 38. Share-based payments (a) Stock options granted as of December 31, 2021 are as follows: 7th grant (*) Type Cash payment Grant date March 19, 2008 Exercise price in Korean won W Number of shares granted 808,700 Options’ expiry dates May 17, 2021 / Changes in number of shares granted: Balance at January 1, 2021 36,162 Exercised 36,162 Balance at December 31, 2021 — (b) Performance shares granted as of December 31, 2021 are as follows: Expired Not expired Type Cash-settled share-based payment Performance conditions (*1) Relative stock price linked (20.0%), management index (80.0%) Exercising period 4 years from the commencement date of the year to which the grant date belongs Estimated number of shares vested at December 31, 2021 578,201 1,941,484 Fair value per share in Korean won (*2) W W W W W (*1) Starting with the shares provided from 2020, Shinhan Financial Group and Shinhan Bank apply relative stock price linked (20.0%), management index (60.0%), and prudential index (20.0%). (*2) Based on performance-based stock compensation, the reference stock price (the arithmetic average of the weighted average share price of transaction volume for the past two month, the previous one month, and the past one week) of four years after the commencement of the grant year is paid in cash, and the fair value of the reference stock to be paid in the future is assessed as the closing price of the settlement. (c) Share-based compensation costs for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 Employees of The controlling The subsidiaries Total Stock options granted: 5th W — 9 9 6th (3 ) (15 ) (18 ) 7th (5 ) (6 ) (11 ) Performance share 4,678 32,646 37,324 W 4,670 32,634 37,304 2020 Employees of The controlling The subsidiaries Total Stock options granted: 6th W (1 ) (4 ) (5 ) 7th (18 ) (26 ) (44 ) Performance shares (257 ) (3,902 ) (4,159 ) W (276 ) (3,932 ) (4,208 ) 2021 Employees of The controlling The subsidiaries Total Stock options granted: 7th W (1 ) (1 ) (2 ) Performance shares 4,286 32,899 37,185 W 4,285 32,898 37,183 (d) Accrued expenses and the intrinsic value as of December 31, 2020 and 2021 are as follows: 2020 Accrued expense (*) The controlling The subsidiaries Total Stock options granted: 7th W 1 1 2 Performance shares 7,201 60,241 67,442 W 7,202 60,242 67,444 (*) The intrinsic value of share-based payments is W W 2021 Accrued expense (*) The controlling The subsidiaries Total Stock options granted: Performance shares W 10,598 82,498 93,096 (*) As of December 31, 2021, all stock options have expired, and the fair value is considered as intrinsic value for performance shares, respectively. |
Net other operating expense
Net other operating expense | 12 Months Ended |
Dec. 31, 2021 | |
Net other operating expense [Abstract] | |
Net other operating expense | 39. Net other operating expense Other operating income and other operating expense for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Other operating income Gain on disposal of assets: Loans at amortized cost W 18,298 21,348 18,843 Others: Gain on hedged items 564,438 536,768 501,676 Reversal of allowance for guarantees and acceptances 19,329 2,709 — Gain on other trust accounts 27 — 44,238 Reversal of other allowance 11,194 850 8,886 Others 97,777 164,999 356,611 692,765 705,326 911,411 711,063 726,674 930,254 Other operating expense Loss on disposal of assets: Loans at amortized cost (27,291 ) (18,675 ) (347 ) Others: Loss on hedged items (596,533 ) (605,808 ) (518,891 ) Fund contribution (311,336 ) (367,993 ) (397,884 ) Provision for guarantees and acceptances — — (3,457 ) Provision for other debt allowances (6,939 ) (16,862 ) (52,123 ) Depreciation of operating lease assets (98,288 ) (163,006 ) (257,033 ) Others (857,918 ) (924,796 ) (1,190,546 ) (1,871,014 ) (2,078,465 ) (2,419,934 ) (1,898,305 ) (2,097,140 ) (2,420,281 ) Net other operating expenses W (1,187,242 ) (1,370,466 ) (1,490,027 ) |
Net other non-operating income
Net other non-operating income | 12 Months Ended |
Dec. 31, 2021 | |
Net other non-operating income [Abstract] | |
Net other non-operating income | 40. Net other non-operating Other non-operating non-operating 2019 2020 2021 Other non-operating Gain on disposal of assets: Property and equipment (*1) W 1,452 64,427 1,836 Investment property (*1) 12,640 20,701 108 Assets held for sale — 1,147 16,976 Lease assets 1,681 2,712 247 Right-of-use 1,112 3,415 2,986 Others 407 24 — 17,292 92,426 22,153 Gain on disposal of Investments in associates 3,461 11,325 39,593 Others: Rental income on investment property 43,777 23,890 35,887 Reversal of impairment losses on intangible asset 438 119 372 Gain from assets contributed 86 4 20 Others 82,879 66,268 64,272 127,180 90,281 100,551 147,933 194,032 162,297 Other non-operating Loss on disposal of assets: Property and equipment (*1) (870 ) (5,884 ) (2,027 ) Investment property — — (2,111 ) Lease assets (3,221 ) (5,538 ) — Right-of-use (306 ) (1,195 ) (2,920 ) Others — (64 ) (1,186 ) (4,397 ) (12,681 ) (8,244 ) Loss on disposal of investments in associates (3,974 ) (5,754 ) (11,002 ) Impairment loss on investments in associates — (9,407 ) (10,719 ) (3,974 ) (15,161 ) (21,721 ) Others: Donations (94,937 ) (86,608 ) (64,098 ) Depreciation of investment properties (17,565 ) (20,165 ) (21,616 ) Impairment loss on property and equipment — — (7,594 ) Impairment loss on intangible assets (152,081 ) (41,429 ) (34,916 ) Write-off (9,221 ) (474 ) (1,346 ) Expenses on collection of special bonds (7,322 ) (7,978 ) (11,275 ) Others (*2) (46,465 ) (344,934 ) (518,519 ) (327,591 ) (501,588 ) (659,364 ) (335,962 ) (529,430 ) (689,329 ) Net other non-operating W (188,029 ) (335,398 ) (527,032 ) (*1) Gain and loss on disposal of sale-and-leaseback sale-and-leaseback W (*2) It includes W W |
Income tax expense
Income tax expense | 12 Months Ended |
Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |
Income tax expense | 41. Income tax expense (a) Income tax expense for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Current income tax expense W 1,115,724 1,131,254 1,498,819 Temporary differences 296,244 131,862 (322,279 ) Income tax recognized in other comprehensive income (142,844 ) (7,321 ) 294,496 Income tax expenses W 1,269,124 1,255,795 1,471,036 (b) Income tax expense calculated by multiplying net income before tax with the tax rate for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Profit before income taxes W 4,911,508 4,753,871 5,583,664 Income taxes at statutory tax rates 1,345,187 1,301,836 1,530,030 Adjustments: Non-taxable 8,500 (4,932 ) (8,417 ) Non-deductible 18,461 14,529 15,975 Tax credit (2,289 ) (88 ) (159 ) Other (100,735 ) (55,550 ) (66,393 ) Income tax expense W 1,269,124 1,255,795 1,471,036 Effective tax rate %25.84 26.42 26.35 (c) Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences for the years ended December 31, 2020 and 2021 are as follows: 2020 Beginning Business Profit or Other Ending Unearned income W (331,679 ) — 3,401 — (328,278 ) Account receivable (26,324 ) — (2,754 ) — (29,078 ) Financial assets measured at fair value (101,577 ) 1,750 (28,950 ) (13,308 ) (142,085 ) Investment in associates and etc. 18,758 — 144,390 (1,878 ) 161,270 Valuation and depreciation of property and equipment (151,046 ) 7 253 — (150,786 ) Derivative asset (liability) 21,005 — (80,357 ) 3,762 (55,590 ) Deposits 30,641 — (3,009 ) — 27,632 Accrued expenses 145,494 441 (5,071 ) — 140,864 Defined benefit obligation 506,132 209 39,072 (6,759 ) 538,654 Plan assets (507,140 ) — (47,934 ) 1,167 (553,907 ) Other provisions 213,055 — 99,223 — 312,278 Allowance for acceptances and guarantees 80,014 — 8,036 — 88,050 Allowance related to asset revaluation (49,713 ) — — — (49,713 ) Allowance for expensing depreciation (401 ) — 64 — (337 ) Deemed dividend — — — — — Accrued contributions 36,818 — (20,200 ) — 16,618 Financial assets (liabilities) designated at fair value through profit of loss 42,817 — (71,043 ) — (28,226 ) Allowances 38,068 — 185,583 — 223,651 Constructive dividend 1,341 — 14,950 — 16,291 Liability under insurance contracts 24,147 — (22,408 ) — 1,739 Deficit carried over — — 311 — 311 Others (543,770 ) 451 (304,112 ) 9,695 (837,736 ) (553,360 ) 2,858 (90,555 ) (7,321 ) (648,378 ) Expired unused tax losses: Extinguishment of deposit and insurance liabilities 320,011 — (35,944 ) — 284,067 W (233,349 ) 2,858 (126,499 ) (7,321 ) (364,311 ) (*) Deferred tax assets from overseas subsidiaries are increased by W 2021 Beginning Business Profit or Other Ending Unearned income W (328,278 ) — (12,714 ) — (340,992 ) Account receivable (29,078 ) — 2,498 — (26,580 ) Financial assets measured at fair value (142,085 ) — 83,716 325,327 266,958 Investment in associates and etc. 161,270 — 22,616 (5,624 ) 178,262 Valuation and depreciation of property and equipment (150,786 ) — 14,616 — (136,170 ) Derivative asset (liability) (55,590 ) — 86,234 (8,995 ) 21,649 Deposits 27,632 — (3,202 ) — 24,430 Accrued expenses 140,864 — 13,852 — 154,716 Defined benefit obligation 538,654 — 26,411 (15,115 ) 549,950 Plan assets (553,907 ) — (47,067 ) (870 ) (601,844 ) Other provisions 312,278 — 77,268 — 389,546 Allowance for acceptances and guarantees 88,050 — (55,588 ) — 32,462 Allowance related to asset revaluation (49,713 ) — — — (49,713 ) Allowance for expensing depreciation (337 ) — 63 — (274 ) Accrued contributions 16,618 — 19,496 — 36,114 Financial assets(liabilities) designated at fair value through profit of loss (28,226 ) — (46,429 ) — (74,655 ) Allowances 223,651 — (91,412 ) — 132,239 Constructive dividend 16,291 — 446 — 16,737 Liability under insurance contracts 1,739 — 132 — 1,871 Deficit carried over 311 — (311 ) — — Others (837,736 ) — (44,441 ) (227 ) (882,404 ) (648,378 ) — 46,184 294,496 (307,698 ) Expired unused tax losses: Extinguishment of deposit and insurance liabilities 284,067 — (17,462 ) — 266,605 W (364,311 ) — 28,722 294,496 (41,093 ) (*) Deferred tax assets from overseas subsidiaries are increased by W (d) Deferred tax assets and liabilities that are directly charged or credited to equity for the years ended December 31, 2020 and 2021 are as follows: January 1, 2020 Changes December 31, 2020 OCI Tax effect OCI Tax effect OCI Tax effect Gain (loss) on valuation of financial assets measured at FVOCI W 439,370 (132,901 ) (103,570 ) 23,912 335,800 (108,989 ) Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk (11,386 ) 3,131 4,253 (1,170 ) (7,133 ) 1,961 Foreign currency translation adjustments for foreign operations (208,348 ) (9,117 ) (166,596 ) 7,000 (374,944 ) (2,117 ) Gain (loss) on cash flow hedge (47,977 ) 14,266 (19,958 ) 5,498 (67,935 ) 19,764 Equity in other comprehensive income(loss) of associates 8,300 (122 ) (1,450 ) (1,878 ) 6,850 (2,000 ) The accumulated other comprehensive income(loss) in separate account (*) 20,054 (5,515 ) 5,358 (1,473 ) 25,412 (6,988 ) Remeasurements of the defined benefit liability (553,538 ) 152,006 21,362 (5,610 ) (532,176 ) 146,396 Gain (loss) on valuation of financial asset measured at FVTPL (Overlay approach) 98,678 (27,057 ) 125,371 (35,073 ) 224,049 (62,130 ) W (254,847 ) (5,309 ) (135,230 ) (8,794 ) (390,077 ) (14,103 ) January 1, 2021 Changes December 31, 2021 OCI Tax effect OCI Tax effect OCI Tax effect Gain (loss) on valuation of financial assets measured at FVOCI W 335,800 (108,989 ) (1,160,013 ) 318,331 (824,213 ) 209,342 Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk (7,133 ) 1,961 4,627 (1,272 ) (2,506 ) 689 Foreign currency translation adjustments for foreign operations (374,944 ) (2,117 ) 258,068 (6,226 ) (116,876 ) (8,343 ) Gain (loss) on cash flow hedge (67,935 ) 19,764 29,931 (8,232 ) (38,004 ) 11,532 Equity in other comprehensive income(loss) of associates 6,850 (2,000 ) 6,512 (3,766 ) 13,362 (5,766 ) The accumulated other comprehensive income(loss) in separate account(*) 25,412 (6,988 ) (56,484 ) 15,211 (31,072 ) 8,223 Remeasurements of the defined benefit liability (532,176 ) 146,396 58,820 (16,164 ) (473,356 ) 130,232 Gain (loss) on valuation of financial asset measured at FVTPL (Overlay approach) 224,049 (62,130 ) (31,924 ) 11,826 192,125 (50,304 ) W (390,077 ) (14,103 ) (890,463 ) 309,708 (1,280,540 ) 295,605 (*) Deferred tax effects, which are originated from the accumulated other comprehensive income in separate account, are included in the other liabilities of principle and interest guaranteed separate account’s financial statement. (e) There is no the amount of deductible temporary differences, that are not recognized as deferred tax assets as of December 31, 2020 and 2021. (f) The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities as of December 31, 2020 and 2021 are as follows: 2020 2021 Investment in associates W (897,110 ) (1,304,370 ) (g) The Group set off a deferred tax asset against a deferred tax liability of the same taxable entity if, and only if, they relate to income taxes levied by the same taxation authority and the entity has a legally enforceable right to set off current tax assets against current tax liabilities. Deferred tax assets and liabilities presented on a gross basis prior to any offsetting as of December 31, 2020 and 2021 are as follows: 2020 2021 Deferred tax assets W 440,430 593,852 Deferred tax liabilities (804,741 ) (634,945 ) |
Earnings per share
Earnings per share | 12 Months Ended |
Dec. 31, 2021 | |
Earnings per share [abstract] | |
Earnings per share | 42. Earnings per share (a) Basic and diluted earnings per share for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Profit attributable to equity holders of Shinhan Financial Group W 3,403,497 3,414,595 4,019,254 Less: Dividends to hybrid bond (61,993 ) (85,327 ) (116,388 ) Net profit available for common stock W 3,341,504 3,329,268 3,902,866 Weighted average number of common shares outstanding (*1),(*2) 477,346,731 500,343,324 534,049,948 Basic and diluted earnings per share in won W 7,000 6,654 7,308 (*1) The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019. (*2) Treasury stock has retired on June 1, 2020. (b) The calculation details of the weighted average number of ordinary shares for the years ended December 31, 2020 and 2021 are as follows: 2020 Number of shares Number of days Number of common shares issued 516,599,554 178,880,869,852 Shares of convertible preferred stock 17,482,000 6,398,412,000 Shares of treasury stock (704,796 ) (2,153,625,403 ) Average number of ordinary shares 533,376,758 183,125,656,449 Days 366 days Weighted average number of ordinary shares 500,343,324 2021 Number of shares Number of days Number of common shares issued 516,599,554 188,558,837,210 Shares of convertible preferred stock 17,482,000 6,380,930,000 Shares of treasury stock (6,352 ) (11,536,338 ) Average number of ordinary shares 534,075,202 194,928,230,872 Days 365 days Weighted average number of ordinary shares 534,049,948 |
Commitments and contingencies
Commitments and contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of contingent liabilities [abstract] | |
Commitments and contingencies | 43. Commitments and contingencies (a) Guarantees, acceptances and credit commitments as of December 31, 2020 and 2021 are as follows: 2020 2021 Guarantees and purchase agreements: Outstanding guarantees W 10,249,827 10,540,968 Contingent guarantees 3,433,953 4,670,771 ABS and ABCP purchase agreements 1,604,958 1,525,768 15,288,738 16,737,507 Commitments to extend credit: Loan commitments in won 80,598,639 81,707,963 Loan commitments in foreign currency 19,319,903 19,807,686 Other agreements (*) 87,718,227 92,338,217 187,636,769 193,853,866 Endorsed bills: Secured endorsed bills 1,650 8,199 Unsecured endorsed bills 7,324,559 7,683,165 7,326,209 7,691,364 W 210,251,716 218,282,737 (*) Unused credit commitments provided to the card customers are included, the amounts are W W (b) Pending litigations The Group’s pending lawsuits as a defendant as of December 31, 2021 are as follows: Case Number Claim Description Status Return of unjust earning 1 W 33,096 The Plaintiff believes that the group of lenders including the Group unfairly sold two oil drilling vessels that are the core assets for borrowers and it caused losses to other bankrupt creditors of the borrower. Therefore, the Plaintiff filed a lawsuit for damages. The first order is ongoing as of December 31, 2021. Request for return of trust and etc. 1 10,997 Claims for payment of principal of trust and trust profits upon termination of a specific trust. It was filed on December 13, 2021 Loans lawsuit 1 10,654 Loans lawsuit The Group won the first order and second order is ongoing as of December 31, 2021. Return of down payment for Ulsan Innovative City 1 12,045 The Plaintiffs, the distributors, had received the properties from the Group in accordance with the Act of Industrial Integration, but Ulsan City refused to approve the move-in re-transfer. The Group won the first order and second order is ongoing as of December 31, 2021. Others(*) 583 337,417 It includes various cases, such as compensation for loss claim. 587 W 404,209 (*) In January 2022, two lawsuits were filed, claiming damages (lawsuit value of W As of the December 31, 2021, the Group has recorded W W (c) The Group entered into an agreement between shareholders with Asia Trust Co., Ltd. (60% of its total shares) to acquire remaining stake. In accordance with the agreement, the Group has the right to purchase shares held by the shareholders of Asia Trust Co., Ltd. In response, the shareholders of Asia Trust Co., Ltd. have the right to demand to purchase the shares to the Group. (d) As a Prime Brokerage Service operator, the Group entered into a total return swap agreement (TRS, derivatives that exchange profits and losses from underlying assets such as stocks, bonds and funds) with a fund operated by Lime Asset Management (“Lime Fund”). Through TRS with the Group, the Lime Fund invested approximately $200 million in IIG Global Trade Finance Fund, IIG Trade Finance Fund, and IIG Trade Finance Fund-FX Meanwhile, IIG Fund received cancelation of registration and asset freeze from the US Securities and Exchange Commission in November 2019. The Financial Supervisory Service (FSS) announced in its interim inspection of Lime Fund in February 2020 that the Group is charged of being involved in poor concealment and fraud of Lime Fund while operating TRSs with Lime Fund, and a related prosecution investigation has been under way since then. Institutional sanctions (Shinhan Investment Corp. has been banned from the sale of new private equity funds and etc. for six months) against the Group was finalized by the Financial Services Commission on November 12, 2021. In addition, the prosecution arrested and indicted the former director of Prime Brokerage Services for fraud charges and violation of the Capital Market and Financial Investment Services Act. Finally, the former director of Prime Brokerage Services was found guilty. The prosecution indicted the Group and the former director of Prime Brokerage Services on January 22, 2021 for violating ‘Financial Investment Services and Capital Markets Act’. It is expected that the criminal trial will determine whether the Group is legally responsible or not. The Group has determined the present obligation that the Group may liable for the charge of involvement in the fraud is not significant. As of December 31, 2021, there is a dispute between companies over some beneficiary certificates acquired under the management order of Lime Asset Management. Considering the board resolutions and the results of the Financial Supervisory Service’s dispute settlement committee, the Group has been completed or will be carried out the compensation and liquidity supply for some of the Lime Fund sales in the future. (e) The Group sold approximately W W products. The institutional sanctions (Shinhan Investment Corp. has been banned from the sale of new private equity funds and etc. for six months) against the Group was partially finalized by the Financial Services Commission on November 12, 2021. (f) The Group has sold Gen2 related trust instruments from May 2014 to November 2019. As of December 31, 2021, approximately W W (g) The Group is responsible for the completion of construction when the contractor fails to fulfill its responsibilities. In case the Group fails to fulfill its responsibility, it is in the process of a responsible-for-completion Guri-si, Gyeonggi-do W |
Statement of cash flows
Statement of cash flows | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of cash flow statement [Abstract] | |
Statement of cash flows | 44. Statement of cash flows (a) Cash and cash equivalents in the consolidated statements of cash flows as of December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Cash and due from banks at amortized cost W 28,435,818 33,420,549 28,471,127 Adjustments: Due from financial institutions with a maturity over three months from date of acquisition (3,349,719 ) (2,488,156 ) (1,490,600 ) Restricted due from banks (16,506,925 ) (21,969,411 ) (13,896,642 ) W 8,579,174 8,962,982 13,083,885 (b) Significant non-cash 2019 2020 2021 Investment conversion W 224,093 58,528 32,239 Transfers from construction-in-progress 76,004 56,575 18,748 Transfers between property and equipment and investment property 104,573 4,064 73,773 Transfers between assets held for sale and property and equipment 455 31,633 1,022 Transfers between investment property and assets held for sale 15,795 910 2,238 Accounts payable for purchase of intangible assets, etc. 472,798 137,476 137,058 Transaction for right-of-use 1,376,764 281,785 289,995 Exchange of shares related to acquisition of subsidiaries — 629,449 — Exchange of shares related to disposal of treasury stocks — 287,669 — (c) Changes in assets and liabilities arising from financing activities for the years ended December 31, 2020 and 2021 are as follows: 2020 Net Derivative Borrowings Debt Lease Total Beginning balance W (5,822 ) 34,863,156 75,363,364 1,104,259 111,324,957 Changes from cash flows 43,676 7,465,106 (28,372 ) (781,867 ) 6,698,543 Changes from non-cash Amortization of discount on borrowings and debentures — 22,836 437,627 14,504 474,967 Changes in foreign currency — 271,179 (417,151 ) — (145,972 ) Other non-financial (126,638 ) (1,037,213 ) (221,074 ) 256,426 (1,128,499 ) Business combination(Note47) — 9,000 — 839 9,839 Ending balance W (88,784 ) 41,594,064 75,134,394 594,161 117,233,835 2021 Net Derivative Borrowings Debt Lease Total Beginning balance W (88,784 ) 41,594,064 75,134,394 594,161 117,233,835 Changes from cash flows 12,667 849,212 4,417,830 (275,273 ) 5,004,436 Changes from non-cash Amortization of discount on borrowings and debentures — (71,390 ) 9,257 10,873 (51,260 ) Changes in foreign currency — 193,892 779,919 — 973,811 Other non-financial (5,290 ) 601,287 (192,037 ) 282,929 686,889 Ending balance W (81,407 ) 43,167,065 80,149,363 612,690 123,847,711 |
Related parties
Related parties | 12 Months Ended |
Dec. 31, 2021 | |
Related parties [Abstract] | |
Related parties | 45. Related parties Intra-group balances, and income and expenses arising from intra-group transactions are eliminated in preparing the consolidated financial statements. In accordance with IAS 24, the Group defines the retirement benefit plans of the associates, key management and their families, the consolidation group and related parties as the scope of related parties. The amount of profit and loss, bond and debt balance between the Group and the related parties are disclosed. For details of the subsidiaries and associates, refer to ‘Note 15’. (a) Balances with the related parties as of December 31, 2020 and 2021 are as follows: Related party Account 2020 2021 Investments in associates: BNP Paribas Cardif Life Insurance Other assets W 76 61 ” Credit card loans 81 87 ” Deposits 13,941 14,870 Partners 4th Growth Investment Fund Deposits 2,802 10,096 BNP Paribas Cardif General Insurance Credit card loans 21 24 ” ACL — (2 ) ” Other provisions — 4 ” Deposits 41 1,455 Dream High Fund III Deposits 4 4 Credian Healthcare Private Equity Fund II (*) Deposits 2 — Midas Dong-A Deposits 1,739 350 Eum Private Equity Fund No.3 (*) Deposits 20 — Incorporated association Finance Saving Information Center Deposits 7 16 Nomura investment property trust No.19 Loans 11,976 11,880 ” Other assets 44 — SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Other assets 1,160 345 Related party Account 2020 2021 Investments in associates (continued): Korea Finance Security Deposits W 568 457 SHINHAN-CORE TREND GLOBAL FUND 1 Unearned revenue 16 17 Hermes Private Investment Equity Fund Deposits 352 246 Korea Credit Bureau Deposits 2,088 1,394 Goduck Gangil1 PFV Co., Ltd Loans 24,000 12,000 ” ACL (71 ) (52 ) SBC PFV Co., Ltd Deposits 8,011 33,278 Sprott Global Renewable Private Equity Fund I Deposits 258 176 IMM Global Private Equity Fund Loans 800 800 ” ACL (2 ) (3 ) ” Deposits 10,820 21,543 Goduck Gangil10 PFV Co., Ltd Loans 9,400 7,600 ” ACL (19 ) (24 ) ” Deposits 2,718 72,740 Shinhan Global Healthcare Fund 2 Deposits 1 1 One Shinhan Global Fund 1 Unearned revenue 122 104 IGIS PRIVATE REAL ESTATE TRUST NO.331 (*) Loans 9,919 — ” Accrued income 121 — ” Unearned revenue 22 — COSPEC BIM tech (*) Loans 151 — ” ACL (95 ) — ” Deposits 1 — IMM Special Situation 1-2 Deposits 117 23 EDNCENTRAL Co.,Ltd. Loans 19,450 19,739 ” Accrued income 9 9 ” Deposits — 1 ” Unearned revenue 578 40 KoFC-Neoplux R&D-Biz 2013-1 Account receivables 2,823 — Future-Creation Neoplux Venture Capital Fund Account receivables 4,137 3,919 Neoplux Market-Frontier Secondary Fund Account receivables 1,630 954 Gyeonggi-Neoplux Superman Fund Account receivables 186 620 Shinhan-Neoplux Energy Newbiz Fund Account receivables 25 1,002 SHINHAN-NEO Account receivables 3 — KTC-NP 2011-2 Account receivables 4,528 4,512 Related party Account 2020 2021 Investments in associates (continued): Neoplux No.3 Private Equity Fund Account receivables W 748 662 NV Station Private Equity Fund Deposits 100 41 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Unearned revenue 76 — IGIS Private Real Estate Investment Trust 286 (*) Other loans 436 — Genesis North America Power Company No.1 PEF Other loans 2,171 — Korea Digital Asset Custody Deposits — 526 SW-N Deposits — 115 Shinhan Smilegate Global PEF I Unearned revenue — 49 WaveTechnology co.Ltd Deposits — 99 SHINHAN-NEO Account receivables — 513 iPIXEL Co.,Ltd. Loans — 55 ” Deposits — 651 CJL No.1 Private Equity Fund Deposits — 779 Nova New Technology Investment Fund No.1 Deposits — 357 Key management personnel and their immediate relatives: Loans 5,144 6,149 Assets 98,852 70,850 Liabilities W 44,404 159,432 (*) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2021. (b) Transactions with the related parties for the years ended December 31, 2019, 2020 and 2021 are as follows: Related party Account 2019 2020 2021 Investments in associates BNP Paribas Cardif Life Insurance Fees and commission income W 4,230 3,390 3,023 “ Reversal of credit losses 3 — — “ Interest expense (1 ) (5 ) (13 ) “ General and administrative expenses (9 ) (4 ) (2 ) Shinhan Praxis K-Growth Fees and commission income 448 361 323 Related party Account 2019 2020 2021 Investments in associates (continued): BNP Paribas Cardif General Insurance Fees and commission income W 11 10 10 “ Reversal for credit loss — — 6 “ Other operating income 468 333 — “ Interest expense — — (1 ) Midas Dong-A Fees and commission income 119 — — “ Interest expense (1 ) — — IBKS-Shinhan Creative Economy New Technology Fund 2 (*1) Fees and commission income 8 — — SM New Technology Business Investment Fund I (*3) Fees and commission income 14 — 187 Partners 4th Growth Investment Fund Interest expense (7 ) (4 ) (11 ) Shinhan-Albatross Technology Investment Fund Fees and commission income 216 54 129 SH Private Korea Equity Long-Short Professional Feeder (*1) Fees and commission income 363 — — KDBC Midas Dong-A Interest expense — (2 ) — Shinhan Fintech New Technology Fund No.1 (*1) Fees and commission income 38 — — Shinhan Global Healthcare Fund 1 Fees and commission income 360 — — Shinhan capital-Cape FN Fund No.1 (*1) Fees and commission income 101 — — SHC-K2 Fees and commission income 19 19 — Synergy-Shinhan Mezzanine New Technology Investment Fund (*2) Fees and commission income 94 50 — Shinhan-Midas Dong-A Fees and commission income 187 63 115 GX Shinhan interest 1st Private Equity Fund (*2) Fees and commission income 545 454 — Shinhan-Nvestor Liquidity Solution Fund Fees and commission income 361 361 271 SHC ULMUS Fund No.1 (*2) Fees and commission income 76 39 — Shinhan-PS Fees and commission income 20 20 20 Nomura investment property trust No.19 Interest income 519 525 530 “ Other operating income 7 3 — Related party Account 2019 2020 2021 Investments in associates (continued): SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Fees and commission income W 2,694 2,501 974 Shinhan-Stonebridge Petro Private Equity Fund (*2) Fees and commission income 1,762 — — KOREA FINANCE SECURITY Fees and commission income 10 10 8 “ Interest expense — (1 ) (1 ) ShinHan – Soo Young Entrepreneur Investment Fund Fees and commission income 275 206 1,028 Shinhan-Rhinos 1 Fund Fees and commission income 64 64 47 SHINHAN-CORE TREND GLOBAL FUND1 Fees and commission income 45 100 106 Kiwoom-Shinhan Innovation Fund I Fees and commission income 67 240 240 One Shinhan Global Fund1 Fees and commission income 151 399 208 Open-Shinhan Portfolio Investment Association No. 1 Fees and commission income 59 59 59 FuturePlay-Shinhan TechInnovation Fund 1 Fees and commission income 7 218 241 WON JIN HOME PLAN CO.,LTD (*3) Interest income 186 — — Korea Credit Bureau Fees and commission income 13 13 14 “ Interest expense (5 ) (12 ) (9 ) Goduck Gangil1 PFV Co., Ltd Interest income 328 915 754 “ Fees and commission income 1,120 — — “ Reversal (provision) for credit loss (78 ) 7 20 SBC PFV Co., Ltd Fees and commission income — 732 776 “ Interest expense (3 ) (5 ) (14 ) IMM Global Private Equity Fund Interest income 28 25 23 “ Interest expense (25 ) (13 ) (49 ) “ Provision for credit loss (3 ) — (1 ) Goduck Gangil10 PFV Co., Ltd Interest income — 299 283 “ Fees and commission income — 793 — “ Interest expense — (4 ) (78 ) “ Provision for credit loss — (19 ) (4 ) IGIS PRIVATE REAL ESTATE TRUST NO.331 (*3) Interest income — 731 — “ Other operating expense — (67 ) — “ Fees and commission income — 478 — COSPEC BIM tech (*3) Interest income — — 41 “ Reversal ( — (95 ) 95 Related party Account 2019 2020 2021 Investments in associates (continued): Korea Omega Project Fund I Fees and commission income W — 131 180 New Green Shinhan Mezzanine Fund (*3) Fees and commission income — 42 334 Sparklabs-Shinhan Opportunity Fund 1 Fees and commission income — 174 202 EDNCENTRAL Co.,Ltd. Interest income — 649 1,140 “ Fees and commission income — 578 714 “ Other operating expense — (121 ) — Shinhan Western T&D Consignment Management Real Estate Investment Co., Ltd (*2) Fees and commission income — 300 — Kakao-Shinhan 1st TNYT Fund Fees and commission income — 165 386 KoFC-Neoplux R&D-Biz 2013-1 Interest income — 9 1 “ Fees and commission income — 44 5,474 Future-Creation Neoplux Venture Capital Fund Interest income — 14 31 “ Fees and commission income — 116 308 Neoplux Market-Frontier Secondary Fund Fees and commission income — 416 954 Gyeonggi-Neoplux Superman Fund Fees and commission income — 149 621 Shinhan-Neoplux Energy Newbiz Fund Fees and commission income — 308 1,002 NewWave 6th Fund Fees and commission income — 303 1,210 SHINHAN-NEO Fees and commission income — 3 498 KTC-NP 2011-2 Interest income — 5 26 “ Fees and commission income — 86 — Neoplux No.3 Private Equity Fund Fees and commission income — 748 2,433 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Fees and commission income — 1,412 83 CREDIAN T&F 2020 CORPORATE FINANCIAL STABILITY PRIVATE EQUITY FUND (*2) Interest expense — (1 ) — Shinhan Smilegate Global PEF I Fees and commission income — — 189 Related party Account 2019 2020 2021 Investments in associates (continued): SHINHAN-NEO Fees and commission income W — — 2,026 Korea Digital Asset Custody Interest expense — — (2 ) SWK-Shinhan Fees and commission income — — 41 Ulmus SHC innovation investment fund Fees and commission income — — 63 iPIXEL Co.,Ltd. Interest income — — 2 CJL No.1 Private Equity Fund Interest expense — — (2 ) Reverent-Shinhan Vista Fund Fees and commission income — — 90 Hermes Private Investment Equity Fund Interest expense — — (1 ) Kiwoom-Shinhan Innovation Fund 2 Fees and commission income — — 115 ETRI Holdings-Shinhan 1st Unicorn Fund Fees and commission income — — 32 Shinhan-Time mezzanine blind Fund Fees and commission income — — 300 Shinhan VC tomorrow venture fund 1 Fees and commission income — — 419 JS Shinhan Private Equity Fund Fees and commission income — — 250 Key management personnel and their immediate relatives Interest income 161 126 122 W 15,045 18,897 28,589 (*1) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2019. (*2) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2020. (*3) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2021. (c) Key management personnel compensation Key management personnel compensation for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Short-term employee benefits W 21,237 23,468 23,972 Severance benefits 731 651 686 Share-based payment transactions (*) 12,343 2,628 13,886 W 34,311 26,747 38,544 (*) The expenses of share-based payment transactions are the renumeration expenses during the vesting period. (d) The guarantees provided between the related parties as of December 31, 2020 and 2021 are as follows: Amount of guarantees Guarantor Guaranteed Parties 2020 2021 Account Shinhan Bank BNP Paribas Cardif Life Insurance W 10,000 10,000 Unused loan limit Shinhan Card BNP Paribas Cardif Life Insurance 919 913 Unused credit line “ BNP Paribas Cardif General Insurance 229 226 Unused credit line The Group Structured entities 135,459 207,078 Purchase agreement W 218,217 (e) Details of collaterals provided by the related parties as of December 31, 2020 and 2021 are as follows: Amount of assets pledged Provided to Provided by Pledged assets 2020 2021 Shinhan Bank BNP Paribas Cardif Life Insurance Government bonds W 12,000 12,000 Hyungje art printing Properties 120 — Goduck Gangil1 PFV Co., Ltd Guarantee insurance policy 28,800 — Goduck Gangil10 PFV Co., Ltd Guarantee insurance policy 13,000 — iPIXEL Co.,Ltd. Electronic credit guarantee — 190 W 53,920 12,190 (f) Details of significant loan transactions with related parties as of December 31, 2020 and 2021 are as follows: 2020 Classification Company Beginning Loan Recover Others (*1) Ending Investments in associates Nomura investment property trust No.19 W 11,973 — — — 11,973 IGIS PRIVATE REAL ESTATE TRUST NO.331 — 10,000 — (312 ) 9,688 EDNCENTRAL Co.,Ltd. — 20,000 — (619 ) 19,381 Goduck Gangil1 PFV Co., Ltd 24,000 — — — 24,000 Goduck Gangil10 PFV Co., Ltd — 28,200 (18,800 ) — 9,400 IMM Global Private Equity Fund 800 — — — 800 COSPEC BIM tech (*2) — — — 151 151 Total W 36,773 58,200 (18,800 ) (780 ) 75,393 (*1) The effect on changes in allowance for credit loss is included. (*2) For the year ended December 31, 2020, it is incorporated as a related party, and has marked the balance as of December 31, 2020. 2021 Classification Company Beginning Loan Recover Others (*) Ending Investments in associates Nomura investment property trust No.19 W 11,973 — — (93 ) 11,880 IGIS PRIVATE REAL ESTATE TRUST NO.331 9,688 — (9,769 ) 81 — EDNCENTRAL Co.,Ltd. 19,381 — — 358 19,739 Goduck Gangil1 PFV Co., Ltd. 24,000 — (12,000 ) — 12,000 Goduck Gangil10 PFV Co., Ltd. 9,400 600 (2,400 ) — 7,600 IMM Global Private Equity Fund 800 — — — 800 COSPEC BIM tech 151 — — (151 ) — iPIXEL Co.,Ltd. — 71 — (16 ) 55 Total W 75,393 (24,169 ) 179 52,074 (*) The effect on changes in allowance for credit loss is included. |
Interests in unconsolidated str
Interests in unconsolidated structured entities | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of unconsolidated structured entities [abstract] | |
Interests in unconsolidated structured entities | 46. Interests in unconsolidated structured entities (a) The nature and extent of interests in unconsolidated structured entities The Group involved in assets-backed securitization, structured financing, beneficiary certificates (primarily investment funds) and other structured entities and characteristics of these structured entities are as follows: Description Assets-backed securitization Securitization vehicles are established to buy assets from originators and issue asset-backed securities in order to facilitate the originators’ funding activities and enhance their financial soundness. The Group is involved in the securitization vehicles by purchasing (or committing to purchase) the asset-backed securities issued and/or providing other forms of credit enhancement. The Group does not consolidate a securitization vehicle if (i) the Group is unable to make or approve decisions as to the modification of the terms and conditions of the securities issued by such vehicle or disposal of such vehicles’ assets, (ii) (even if the Group is so able) if the Group does not have the exclusive or primary power to do so, or (iii) if the Group does not have exposure, or right, to a significant amount of variable returns from such entity due to the purchase (or commitment to purchase) of asset-backed securities so issued or subordinated obligations or by providing other forms of credit support. Structured financing Structured entities for project financing are established to raise funds and invest in a specific project such as M&A (mergers and acquisitions), BTL (build-transfer-lease), shipping finance, etc. The Group is involved in the structured entities by originating loans, investing in equity, or providing credit enhancement. Investment fund Investment fund means an investment trust, a PEF (private equity fund) or a partnership which invests in a group of assets such as stocks or bonds by issuing a type of beneficiary certificates to raise funds from the general public, and distributes its income and capital gains to their investors. The Group manages assets by investing in shares of investment fund or playing a role of an operator or a GP (general partner) of investment fund, on behalf of other investors. The size of unconsolidated structured entities as of December 31, 2020 and 2021 are as follows: 2020 2021 Total assets: Asset-backed securitization W 253,958,036 248,200,446 Structured financing 257,475,395 255,854,384 Investment fund 203,863,889 301,241,508 W 715,297,320 805,296,338 (b) Nature of risks i) The carrying values of the assets and liabilities relating to its interests in unconsolidated structured entities as of December 31, 2020 and 2021 are as follows: 2020 Assets-backed securitization Structured financing Investment fund Total Assets under consolidated financial statements: Loans measured at fair value through profit or loss W 10,007 396,006 — 406,013 Loan at amortized cost 882,708 11,631,322 80,166 12,594,196 Securities at fair value through profit or loss 4,703,527 200,966 9,403,611 14,308,104 Derivate assets 10,353 1,050 — 11,403 Securities at fair value through other comprehensive income 2,105,239 122,664 — 2,227,903 Securities at amortized cost 6,294,228 — — 6,294,228 Other assets 2,019 59,980 4,936 66,935 W 14,008,081 12,411,988 9,488,713 35,908,782 Liabilities under consolidated financial statements: Derivate liabilities W 582 — — 582 Other liabilities 2,610 21,421 — 24,031 W 3,192 21,421 — 24,613 2021 Assets-backed securitization Structured financing Investment fund Total Assets under consolidated financial statements: Loans measured at fair value through profit or loss W 16,352 156,630 42,231 215,213 Loan at amortized cost 731,184 13,548,490 155,572 14,435,246 Securities at fair value through profit or loss 3,752,394 235,238 14,014,493 18,002,125 Derivate assets 4,343 16,560 — 20,903 Securities at fair value through other comprehensive income 2,510,057 215,237 — 2,725,294 Securities at amortized cost 6,493,106 — — 6,493,106 Other assets 138 17,280 177 17,595 W 13,507,574 14,189,435 14,212,473 41,909,482 Liabilities under consolidated financial statements: Derivate liabilities W 3,817 48 — 3,865 Other liabilities 103 21,683 — 21,786 W 3,920 21,731 — 25,651 ii) The maximum risk exposure of the Group relating to its interests in unconsolidated structured entities as of December 31, 2020 and 2021 are as follows: 2020 Assets-backed securitization Structured financing Investment fund Total Assets held W 14,008,081 12,411,988 9,488,713 35,908,782 ABS and ABCP purchase agreements 932,113 2,300 1,923,035 2,857,448 Loan commitments 618,030 707,860 — 1,325,890 Guarantees 87,293 — — 87,293 Others — 123,210 5,887 129,097 W 15,645,517 13,245,358 11,417,635 40,308,510 2021 Assets-backed securitization Structured financing Investment fund Total Assets held W 13,507,574 14,189,435 14,212,473 41,909,482 ABS and ABCP purchase agreements 895,273 2,210 2,703,353 3,600,836 Loan commitments 439,843 984,082 6,900 1,430,825 Guarantees 21,200 105,550 — 126,750 Others — 150,579 — 150,579 W 14,863,890 15,431,856 16,922,726 47,218,472 |
Business combination
Business combination | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about business combination [abstract] | |
Business combination | 47. Business combination (a) Shinhan Venture Investment Co., Ltd. i) General information As of September 29, 2020, the Group gained control of Neoplux Co., Ltd. as a subsidiary by acquiring a 96.77% (97.08% stake of voting rights) stake and reporting to the Financial Services Commission about the transfer of subsidiary. As of December 30, 2020, the Group acquired the remaining shares, and Neoplux Co., Ltd. became a wholly owned subsidiary of the Group. Also, the name was changed from Neoplux Co., Ltd. to Shinhan Venture Investment Co., Ltd. The main reason for business combination is to promote investment financing and secure new business opportunities in the investment banking sector. ii) Identifiable net assets Fair values of assets acquired and liabilities assumed as of acquisition date are as follows: Amount (*1) Assets: Cash and due from banks at amortized cost W 179 Investment assets in the long-term 463 Venture capital investment assets 38,800 Private equity investment company investment assets 12,230 Property and equipment 835 Intangible assets (*2) 1,254 Other assets (*3) 18,911 72,672 Liabilities: Borrowings 9,000 Other liabilities 4,804 13,804 Fair value of the identifiable net assets W 58,868 (*1) The accounting for the acquisition of Shinhan Venture Investment Co., Ltd. was determined using the identifiable assets and liabilities recognized by Shinhan Venture Investment Co., Ltd. at the time of business combination. (*2) The contract balance recognized as a business combination includes W Multi-period (*3) During the business combination, the Group acquired receivables that were fair value of W W iii) Goodwill Goodwill recognized as a result of business combination is as follows: Amount Consideration paid in cash W 71,128 Fair value of identifiable net assets (58,868 ) Non-controlling 1,718 Goodwill W 13,978 (*) For the year ended December 31, 2020, the non-controlling non-controlling goodwill is generated because the transfer price includes the premium of corporate control paid to acquire Shinhan Venture Investment Co., Ltd. The transfer price for the business combination includes expected synergies, future market growth, and the amount related to human resources. These benefits are not recognized separately from goodwill because it does not meet the recognition requirements for identifiable intangible assets. (b) Business Acquisition of Leaders Financial Sales Co., Ltd. According to the resolutions of the Board of Directors on November 25, 2020 and December 23, 2020, The Group has acquired its GF and IMGA business department of Leaders Financial Sales Co., Ltd on May 31, 2021. The acquired assets and liabilities were recognized as fair value at the time of acquisition, and the difference between the fair value and the amount paid in consideration for the transfer was recognized as goodwill. Amount Consideration paid in cash Cash W 8,183 Contingent consideration arrangement 2,600 10,783 Fair value of assets and liabilities Cash and cash equivalents 200 Trade payable and other payable (200 ) Accounts payable (3,068 ) Fair value of identifiable net assets (3,068 ) Goodwill W 13,851 (c) The merger of Shinhan Life Insurance Co., Ltd. and Orange Life Insurance Co., Ltd. Shinhan Life Insurance Co., Ltd. and Orange Life Insurance Co., Ltd. have merged on July 1, 2021 to form a holding company named Shinhan Life Insurance Co., Ltd. As a result of the merger, the common shareholders as of immediately prior to the merger of Orange Life Insurance Co., Ltd. (the extinct corporation) are entitled to receive 0.9226202 share of Shinhan Life Insurance Co., Ltd (the surviving corporation)’s common share ( W (d) Subsidiary investment shares On October 29, 2021, the Group signed a Share Purchase Agreement with BNP Paribas Group Co., Ltd. for a 94.54% (7,230,174 shares of common stock) stake in BNP Paribas Cardif Life Insurance Co., Ltd. At the end of the reporting period, the Financial Services Commission has yet approved the incorporation of subsidiary. |
Events after reporting period
Events after reporting period | 12 Months Ended |
Dec. 31, 2021 | |
Text Block [Abstract] | |
Events after reporting period | 48. Events after reporting period Subsidiaries of the Company, Shinhan Alternative Investment Management Inc. and Shinhan Asset Management Co., Ltd. has merged on January 5, 2022. After the merger, it has changed its name to Shinhan Asset Management Co., Ltd. |
Uncertainty due to changes in d
Uncertainty due to changes in domestic and global economic conditions | 12 Months Ended |
Dec. 31, 2021 | |
Uncertainty due to changes in domestic and global economic conditions [Abstract] | |
Uncertainty due to changes in domestic and global economic conditions | 49. Uncertainty due to changes in domestic and global economic conditions The rapid spread of the COVID-19 ‘Financial Instruments’ re-estimated COVID-19 COVID-19 Risk exposures by major consolidated subsidiaries due to COVID-19 (a) Shinhan Bank 2020 Airlift Lodging Oil/ Art-related Movie Clothing Travel Total Loans at amortized cost W 120,854 3,445,269 685,336 244,036 95,240 1,763,741 112,647 6,467,123 Securities at fair value through profit or loss — — 3,088 — — 3,060 — 6,148 Securities at fair value through other comprehensive income 52,878 2,611 224,894 — 6,539 9,797 — 296,719 Off-balance 404,767 289,948 3,058,516 9,630 111,266 938,705 60,171 4,873,003 W 578,499 3,737,828 3,971,834 253,666 213,045 2,715,303 172,818 11,642,993 2021 Airlift Lodging Oil/ Art-related Movie Clothing Travel Total Loans at amortized cost W 164,904 3,314,684 937,385 219,859 86,241 2,082,545 92,152 6,897,770 Securities at fair value through profit or loss — — 29,911 — — — 2,737 32,648 Securities at fair value through other comprehensive income 114,158 18,142 264,343 — 7,123 10,678 — 414,444 Off-balance 364,351 323,638 2,650,311 20,196 91,622 982,026 37,941 4,470,085 W 643,413 3,656,464 3,881,950 240,055 184,986 3,075,249 132,830 11,814,947 (b) Shinhan Card Co., Ltd. 2020 Retails Credit sales Short term card loan Long term card loan Total Loans at amortized cost W 357,589 142,252 283,150 782,991 Total Exposure 702,124 — 702,124 2021 Retails Credit sales Short term card loan Long term card loan Total Loans at amortized cost W 371,197 152,838 387,318 911,353 Total Exposure 814,598 — 814,598 (c) Jeju Bank 2020 Lodging Manufacturing Retail Construction industry Leisure Transportation business Etc Total Loans at amortized cost W 599,875 30,095 517,843 85,640 57,677 29,679 92,373 1,413,182 Off-balance 20,658 563 18,691 7,100 1,053 2,103 3,082 53,250 W 620,533 30,658 536,534 92,740 58,730 31,782 95,455 1,466,432 2021 Airlift Lodging Art-related Movie Leisure Bus Bath Youth Total Loans at amortized cost W — 295,664 4,161 596 25,432 7,535 17,089 5,466 355,943 Off-balance 4 5,439 161 4 991 197 538 6 7,340 W 4 301,103 4,322 600 26,423 7,732 17,627 5,472 363,283 As of December 31, 2020 and 2021, the exposures of the loans applied for moratorium of interest payments and moratorium of repayment in installments by Shinhan Bank and Jeju Bank are as follows: (a) Shinhan Bank 2020 2021 Moratorium of interest payments W 242,794 224,449 Moratorium of repayment in installments 1,067,502 1,342,366 Moratorium of interest payments and moratorium of repayment in installments 80,581 65,773 W 1,390,877 1,632,588 (b) Jeju Bank 2020 2021 Moratorium of interest payments W 629 348 Moratorium of repayment in installments 328,055 276,193 W 328,684 276,541 |
Transition effects arising from
Transition effects arising from changes in accounting policies | 12 Months Ended |
Dec. 31, 2021 | |
Transition effects arising from changes in accounting policies [Abstract] | |
Transition effects arising from changes in accounting policies | 50. Transition effects arising from changes in accounting policies Upon adoption of IFRS 16 ‘Leases’, the Group recognized lease liabilities in relation to leases that had previously been classified as operating leases in accordance with IAS 17. These liabilities were measured at the present value of the future lease payments at the lessee’s incremental borrowing rate on January 1, 2019. The lessee’s incremental borrowing rates applied to the lease liabilities are between 2.06% and 8.96% on January 1, 2019. The difference between the amount of operating lease agreements disclosed as of December 31, 2018 discounted at the Group’s incremental borrowing rate and the lease liabilities recognized at the date of initial application is as follows: Amount Operating lease agreement commitment disclosed as of December 31, 2018 W 610,080 Amount discounted using the Group’s incremental borrowing rate 591,725 Less: Low-value (3,454 ) Value-added Tax (51,429 ) Lease liabilities recognized at the beginning of 2019 W 536,842 Right-of-use W W W W |
Condensed Shinhan Financial Gro
Condensed Shinhan Financial Group (Parent Company only) Financial Statements | 12 Months Ended |
Dec. 31, 2021 | |
Condensed Financial Information Disclosure [Abstract] | |
Condensed Shinhan Financial Group (Parent Company only) Financial Statements | 51. Condensed Shinhan Financial Group (Parent Company only) Financial Statements STATEMENTS OF FINANCIAL POSITION 2020 2021 Assets Deposits Banking subsidiaries W 3 3,913 Other — 41,000 Receivables from subsidiaries: Non-banking 3,218,455 3,976,059 Investment (at equity) in subsidiaries: Banking subsidiaries 13,797,222 13,797,222 Non-banking 16,157,962 16,537,819 Financial assets at FVTPL 1,810,867 1,617,734 Derivative assets 39,392 17,933 Property, equipment and intangible assets, net 10,360 10,597 Other assets Banking subsidiaries 260,342 326,216 Non-banking 173,473 468,150 Other 15,838 19,250 Total assets W 35,483,914 36,815,893 Liabilities and equity Debt securities issued W 9,920,059 9,559,553 Derivative liabilities 22,133 6,263 Accrued expenses & other liabilities 484,625 844,701 Total liabilities 10,426,817 10,410,517 Equity 25,057,097 26,405,376 Total liabilities and equity W 35,483,914 36,815,893 CONDENSED STATEMENTS OF INCOME 2019 2020 2021 Income Dividends from banking subsidiaries W 892,310 892,420 772,420 Dividends from non-banking 428,634 495,110 807,803 Interest income from banking subsidiaries 263 194 173 Interest income from non-banking 38,968 68,914 75,013 Other income 125,324 268,784 235,746 Total income 1,485,499 1,725,422 1,891,155 Expenses Interest expense (206,815 ) (231,205 ) (210,535 ) Other expense (147,589 ) (216,708 ) (259,188 ) Total expenses (354,404 ) (447,913 ) (469,723 ) Profit before income tax expense 1,131,095 1,277,509 1,421,432 Income tax expense 1,922 3,066 7,476 Profit for the year W 1,129,173 1,274,443 1,413,956 CONDENSED STATEMENTS OF CASH FLOWS 2019 2020 2021 Cash flows from operating activities Profit before income taxes W 1,131,095 1,277,509 1,421,432 Non-cash (1,164,022 ) (1,313,967 ) (1,456,374 ) Changes in operating assets and liabilities 1,475,702 (1,272,738 ) 605,089 Net interest paid (154,765 ) (165,570 ) (134,269 ) Dividend received from subsidiaries 1,320,944 1,386,843 1,578,920 Income tax paid (194 ) — (1,102 ) Net cash provided by (used in) operating activities 2,608,760 (87,923 ) 2,013,696 Cash flows from investing activities Net loan origination to non-banking (575,936 ) (1,073,657 ) (649,384 ) Acquisition of subsidiary (2,977,196 ) (73,335 ) (379,857 ) Other, net (660 ) (100,875 ) (452,672 ) Net cash used in investing activities (3,553,792 ) (1,247,867 ) (1,481,913 ) Cash flows from financing activities Issuance of common stocks — 1,154,347 — Issuance of convertible preferred shares 747,791 — — Issuance of hybrid bonds 199,476 448,699 1,154,597 Net changes in borrowings (125,000 ) — — Issuance of debt securities issued 3,194,764 2,240,581 1,428,704 Repayments of debt securities issued (1,844,000 ) (1,384,000 ) (1,890,000 ) Dividend paid (830,772 ) (968,847 ) (1,218,761 ) Acquisition of treasury stock (444,077 ) (150,448 ) (79 ) Disposition of and incineration cost of treasury stock — (3,033 ) — Payment of stock issuance costs — — (605 ) Redemption of lease liabilities (1,614 ) (1,673 ) (1,701 ) Net cash provided by (used in) financing activities 896,568 1,335,626 (527,845 ) Effect of exchange rate changes on cash and cash equivalents held — — 23 Net increase (decrease) in cash and cash equivalents (48,464 ) (164 ) 3,961 Cash and cash equivalents at beginning of year 48,628 164 — Cash and cash equivalents at end of year W 164 — 3,961 |
Basis of preparation (Policies)
Basis of preparation (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of basis of preparation [Abstract] | |
Statement of compliance | (a) Statement of compliance The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS are the standards and related interpretations issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements of the Group were authorized for issue by the Board of Directors on February 9, 2022. In addition, the adjustment that is explained in ‘Note 29. Equity’ was approved by the Board of Directors on March 15, 2022 and the consolidated financial statements were submitted for approval to the stockholder’s meeting held on March 24, 2022. |
Basis of measurement | (b) Basis of measurement The consolidated financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position: • derivative financial instruments measured at fair value • financial instruments at fair value through profit or loss measured at fair value • financial instruments at fair value through other comprehensive income measured at fair value • liabilities for cash-settled share-based payment arrangements measured at fair value • financial assets and liabilities designated as hedged items in a fair value hedge accounting of which changes in fair value attributable to the hedged risk recognized in profit or loss • liabilities for defined benefit plans recognized at the net of the total present value of defined benefit obligations less the fair value of plan assets |
Functional and presentation currency | (c) Functional and presentation currency The respective financial statements of the Group entities are prepared in the functional currency of the respective economic environment in which the group entities operate. These consolidated financial statements are presented and reported in Korean won, which is the Controlling Company’s functional currency and the currency of the primary economic environment in which the Group operates. |
Use of estimates and judgments | (d) Use of estimates and judgments The preparation of the consolidated financial statements in conformity with IFRS requires management to Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about critical judgments in applying accounting policies that have a significant effect on the amounts recognized in the consolidated financial statements and information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are described in Note 5. In preparing these consolidated financial statements, the significant judgments made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty are the same as those that applied to the consolidated financial statements as of and for the year ended December 31, 2020. |
Change in accounting policy | (e) Change in accounting policy Except for the following new standards, which have been applied from January 1, 2021, the accounting policies applied by the Group in these consolidated financial statements are the same as those applied by the Group in its consolidated financial statements as of and for the year ended December 31, 2020. i) IFRS 9, ‘Financial Instruments’, IAS 39, ‘Financial Instruments: Recognition and Measurement’, IFRS 7, ‘Financial Instruments: Disclosures’, IFRS 4, ‘Insurance Contracts’ and IFRS 16, ‘Leases’ amended – Interest rate benchmark reform The effective interest rate, not the carrying value, is adjusted when replacing the interest rate index of a financial instrument measured at amortized cost in relation to the reform of the interest rate index. It includes exceptions, such as allowing hedge accounting to continue uninterrupted even if an interest rate indicator replacement occurs in a hedging relationship. The amendment does not have a significant impact on the consolidated financial statements. Regarding the suspension of LIBOR interest rate calculation, the financial instruments that have not been converted to replaced interest rate benchmark among the LIBOR interest rates as of December 31, 2021 are as follows: -Non-derivative Carrying value USD LIBOR(*2) JPY LIBOR EUR LIBOR Other LIBORs Due from banks and loans at amortized cost: Loans W 2,768,972 207,660 49,642 122,104 Securities at fair value through other comprehensive income: Financial institution bonds 167,167 — — — Corporate bonds and others 281,949 — — — 449,116 — — — Commitments and guarantee contracts(*1) W 280,224 39,148 56,552 13,853 (*1) The commitments and guarantee contracts are in nominal amount. (*2) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. -Non-derivative Carrying value USD LIBOR(*) JPY LIBOR EUR LIBOR Other LIBORs Financial liabilities at amortized cost: Deposits W 200,000 — — — Borrowings 347,420 — — — Debt securities issued 986,871 — — — W 1,534,291 — — — (*) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. -Derivative Notional amount USD LIBOR(*) JPY LIBOR EUR LIBOR Other LIBORs Trading: Interest rates related W 10,772,390 — — — Foreign currency related 10,900,844 — — — Equity related 268,243 — — — Credit related 1,108 — — — Others 379,360 — — — 22,321,945 — — — Hedge: Interest rates related 4,150,155 — — — Foreign currency related 278,705 — — — W 4,428,860 — — — (*) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. ii) Amendments to IFRS 16 ‘Lease’ – The practical expedient to COVID-19 The International Accounting Standards Board amended this Standard in March 2021. According to the amendment, the International Accounting Standards Board has extended the application of the practical expedient for reduction in lease payments where lessee may elect not to assess whether a rent concession occurring as a direct consequence of the COVID-19 COVID-19 • The change in lease payments results in revised consideration for the lease that is substantially the same as, or less than, the consideration for the lease immediately preceding the change • Any reduction in lease payments affects only payments originally due on or before June 30, 2022; and • There is no substantive change to other terms and conditions of the lease. The Group has applied the practical expedient that allows a lessee to choose not to assess whether a rent concession occurring as a direct consequence of the COVID-19 W |
Significant accounting polici_2
Significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of significant accounting policies [Abstract] | |
Operating segments | (a) Operating segments The Group has divided the segments based on internal reports reviewed periodically by the top sales decision maker to make decisions about the resources allocated to the segments and evaluate their performance. There are six reporting segments as described in Note 7. The reporting segments are operated separately according to the nature of the goods and services provided and the organizational structure of the Group. The segment reported to the Chief Executive Officer (“CEO”) includes items directly attributable to a segment as well as those that can be allocated on a reasonable basis . It is the CEO’s responsibility to evaluate the resources to be distributed to the business and the performance of the business, and to make strategic decisions. |
Basis of consolidation | (b) Basis of consolidation i) Subsidiaries Subsidiaries are investees controlled by the Group. The Group controls an investee when it is exposed to, or has rights to, variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. If a member of the Group uses accounting policies other than those adopted in the consolidated financial statements for the same transactions and events in similar circumstances, appropriate adjustments are made to its financial statements in preparing the consolidated financial statements. ii) Structured entity The Group establishes or invests in various structured entities. It does not own shares directly or indirectly for these companies. Considering the terms and conditions of the arrangement in which the structured entity was established, the consolidated entity gains and losses from the operations of the structured entity. It is included in the consolidated entities if it is determined that it has the ability to direct the activities of a consolidated structured entity that can most significantly affect these gains and losses. The Group does not recognize any non-controlling non-controlling iii) Intra-group transactions eliminated on consolidation Intra-group balances, transactions, and any unrealized income and expenses arising from intra-group transactions are eliminated in preparing the consolidated financial statements. Unrealized intra-group losses are recognized as expense if intra-group losses indicate an impairment that requires recognition in the consolidated financial statements. iv) Non-controlling Non-controlling non-controlling non-controlling |
Business combinations | (c) Business combinations i) Business combinations A business combination is accounted for by applying the acquisition method, unless it is a combination involving entities or businesses under common control. Each identifiable asset or liability is measured at its acquisition-date fair value except for below: • Leases are required to be classified based on the contractual terms and other factors • Only those contingent liabilities assumed in a business combination that are a present obligation and can be measured reliably are recognized • Deferred tax assets or liabilities are recognized and measured in accordance with IAS 12, ‘Income Taxes’ • Employee benefit arrangements are recognized and measured in accordance with IAS 19, ‘Employee Benefits’ • Compensation assets are recognized and measured on the same basis as the items subject to compensation. • Reacquired rights are measured in accordance with special provisions • Liabilities or equity instruments related to share-based payment transactions are measured in accordance with the method in IFRS 2, ‘Share-based Payment’ • Non-current ‘Non-current As of the acquisition date, non-controlling non-controlling The transfer consideration in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the acquirer, the liabilities incurred by the acquirer to former owners of the acquired and the equity interests issued by the acquirer. However, any portion of the acquirer’s share-based payment awards exchanged for awards held by the acquired employee that is included in transfer consideration in the business combination shall be measured in accordance with the method described above rather than at fair value. Acquisition-related costs are costs the acquirer incurs to effect a business combination. Those costs include broker’s fees; advisory, legal, accounting, valuation and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and costs of registering and issuing debt and equity securities. Acquisition-related costs, other than those associated with the issue of debt or equity securities, which are recognized in accordance with IAS 32 and IFRS 9, are expensed in the periods in which the costs are incurred and the services are received. |
Investments in associates and joint ventures | (d) Investments in associates and joint ventures An associate is an entity in which the Group has significant influence, but not control, over the entity’s financial and operating policies. Significant influence is presumed to exist when the Group holds between 20 and 50 percent of the voting power of another entity. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The investment in an associate and a joint venture is initially recognized at cost, and the carrying value is increased or decreased to recognize the Group’s share of the profit or loss and changes in equity of the associate and the joint venture after the date of acquisition. Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated the Group’s stake in preparing the consolidated financial statements. Unrealized losses are also being derecognized unless the transaction provides evidence of an impairment of the transferred assets. If an associate or a joint venture uses accounting policies different from those of the Group for transactions and events in similar circumstances, appropriate adjustments are made to its financial statements in applying the equity method. When the carrying value of that interest, including any long-term investments, is reduced to nil, the recognition of further losses is discontinued except to the extent that the Group has an obligation or has to make payments on behalf of the investee for further losses. |
Cash and cash equivalents | (e) Cash and cash equivalents The Group classifies cash balances, call deposits and highly liquid investment assets with original maturities of three months or less from the acquisition date that are easily converted into a fixed amount of cash, and are subject to an insignificant risk of changes in their fair value as cash and cash equivalents. Equity instruments are excluded from cash equivalents unless they are, in substance, cash equivalents, like in the case of preferred shares acquired within a short period of their maturity and with a specified redemption date. |
Non-derivative financial assets | (f) Non-derivative Financial assets are recognized in the consolidated statement of financial position when the Group becomes a party to the contract. In addition, a standardized purchase or sale (a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the market concerned) is recognized on the trade date. A financial asset is measured initially at its fair value plus, for an item not at Fair Value Through Profit or Loss (“FVTPL”), transaction costs that are directly attributable to its acquisition of the financial asset. Transaction costs on the financial assets at FVTPL that are directly attributable to the acquisition are recognized in profit or loss as incurred. i) Financial assets designated at FVTPL Financial assets can be irrevocably designated as measured at FVTPL despite of classification standards stated below, if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on different bases. ii) Equity instruments For the equity instruments that are not held for short-term trading, at initial recognition, the Group may make an irrevocable election to present subsequent changes in fair value in other comprehensive income. Equity instruments that are not classified as financial assets at Fair Value through Other Comprehensive Income (“FVOCI”) are classified as financial assets at FVTPL. The Group subsequently measures all equity investments at fair value. Valuation gains or losses of the equity instruments that are classified as financial assets at FVOCI previously recognized as other comprehensive income is not reclassified as profit or loss on recognition. The Group recognizes dividends in profit or loss when the Group’s right to receive payments of the dividend is established. Valuation gains or losses due to changes in fair value of the financial assets at FVTPL are recognized in the consolidated statement of comprehensive income gains or losses on financial assets at FVTPL. Impairment loss (reversal) on equity instruments at FVOCI is not recognized separately. iii) Debt instruments Subsequent measurement of debt instruments depends on the Group’s business model in which the asset is managed and the contractual cash flow characteristics of the asset. Debt instruments are classified as financial assets at amortized cost, at FVOCI, or at FVTPL. Debt instruments are reclassified only when the Group’s business model changes. ① Financial assets at amortized cost Assets that are held within a business model whose objective is to hold assets to collect contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A gain or loss on a financial asset measured at amortized cost that is not subject to a hedging relationship is recognized in profit or loss when the financial asset is derecognized or impaired. Interest income on the effective interest method is included in the ‘Interest income’ in the consolidated statement of comprehensive income. ② Financial assets at FVOCI Assets that are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Other than (reversal of) impairment losses, interest income, foreign exchange differences, gains or losses of the financial assets at FVOCI are recognized as other comprehensive income in equity. On removal, gains or losses accumulated in other comprehensive income are reclassified to profit or loss. The interest income on the effective interest method is included in the ‘Interest income’ in the consolidated statement of comprehensive income. Foreign exchange differences and impairment losses are included in the ‘Net foreign currency transaction gain’ and ‘Provision for credit losses allowance’ in the consolidated statement of comprehensive income, respectively. ③ Financial assets at FVTPL Debt securities other than financial assets at amortized costs or FVOCI are classified at FVTPL. Unless hedge accounting is applied, gains or losses from financial assets at FVTPL are recognized as profit or loss and are included in ‘Net gain(loss) on financial assets at fair value through profit or loss’ in the consolidated statement of comprehensive income. iv) Embedded derivatives Financial assets with embedded derivatives are classified regarding the entire hybrid contract, and the embedded derivatives are not separately recognized. The entire hybrid contract is considered when it is determined whether the contractual cash flows represent solely payments of principal and interest. v) Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. If the Group does not have or transfer most of the risks and rewards of ownership of the financial asset, the entity shall remove the financial asset if it does not control the financial asset. If the Group continues to control the financial asset, it continues to recognize the transferred asset to the extent that it is continuously involved and recognizes the related liability together. If the Group transfers the right to cash flows of a financial asset but holds most of the risks and rewards of ownership of the financial asset, the entity shall continue to recognize the asset. Also, the amount of disposal received is recognized as a liability. vi) Offsetting Financial assets and financial liabilities are offset and the net amount is presented in the consolidated statement of financial position only when the Group currently has a legally enforceable right to set off the recognized amounts, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. |
Derivative financial instruments | (g) Derivative financial instruments Derivatives are initially recognized at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. i) Hedge accounting The Group holds forward exchange contracts, interest rate swaps, currency swaps and other derivative contracts to manage interest rate risk and foreign exchange risk. The Group designated derivatives as hedging instruments to hedge the risk of changes in the fair value of assets, liabilities or firm commitments (a fair value hedge) and foreign currency risk of highly probable forecasted transactions or firm commitments (a cash flow hedge). On initial designation of the hedge, the Group formally documents the relationship between the hedging instrument(s) and hedged item(s), including the risk management objectives and strategy in undertaking the hedge transaction. In addition, this document describes the hedging instrument, hedged item, and the method of evaluating the effect of the hedging instrument offsetting changes in the fair value or cash flow of the hedged item due to the hedged risk at the initiation of the hedging relationship and in subsequent periods. ① Fair value hedge Changes in the fair value of a derivative hedging instrument designated as a fair value hedge are recognized in profit or loss. The gain or loss from remeasuring the hedging instrument at fair value for a derivative hedging instrument and the gain or loss on the hedged item attributable to the hedged risk are recognized in profit or loss in the same line item of the separate statement of comprehensive income. The Group discontinues fair value hedge accounting if the hedging instrument expires or is sold, terminated or exercised, or if the hedge no longer meets the criteria. Any adjustment arising from G/L on the hedged item attributable to the hedged risk is amortized to profit or loss from the date the hedge accounting is discontinued. ② Cash flow hedge When a derivative is designated to hedge the variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable forecasted transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income, net of tax, and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated, exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income is reclassified to profit or loss in the periods during which the forecasted transaction occurs. If the forecasted transaction is no longer expected to occur, then the balance in other comprehensive income is recognized immediately in profit or loss. ③ Net investment hedge The portion of the change in fair value of a financial instrument designated as a hedging instrument that meets the requirements for hedge accounting for a net investment in a foreign operation is recognized in other comprehensive income and the ineffective portion of the hedge is recognized in profit or loss. The portion recognized as other comprehensive income that is effective as a hedge is recognized in the statement of comprehensive income as a result of reclassification adjustments in accordance with IAS 21, “Effect of Changes in Foreign Exchange Rates” at the time of disposing of its overseas operations or disposing of a portion of its overseas operations to profit or loss. ii) Other derivative financial instruments All derivatives except those designated as hedging instruments and are effective in hedging are measured at fair value. Changes in the fair value of other derivative financial instrument not designated as a hedging instrument are recognized immediately in profit or loss. iii) Gains and losses on initial recognition Any difference between the fair value of over the counter derivatives at initial recognition and the amount that would be determined at that date using a valuation technique in a situation in which the valuation is dependent on unobservable parameters is not recognized in profit or loss but is deferred, and the deferred gains and losses on initial transaction are depreciated on a straight-line basis over the life of the instrument or the remainder is recognized in profit or loss immediately when the fair value becomes observable. |
Expected credit losses of Financial assets | (h) Expected credit losses of Financial assets The Group recognizes allowance for credit loss(“ACL”) for debt instruments measured at amortized cost and fair value through other comprehensive income, and lease receivable, loan commitments and financial guarantee contracts using the expected credit loss impairment model. Financial assets migrate through the following three stages based on the change in credit risk since initial recognition and allowance for credit loss for the financial assets are measured at the 12-month Category Allowance for credit loss STAGE 1 When credit risk has not increased significantly since the initial recognition 12-months STAGE 2 When credit risk has increased significantly since the initial recognition Lifetime ECL: a lifetime ECL associated with the probability of default events occurring over the remaining lifetime STAGE 3 When assets are impaired Same as above The Group, meanwhile, only recognizes the cumulative changes in lifetime expected credit losses since the initial recognition as an allowance for credit loss for purchased or originated credit-impaired financial assets. The total period refers to the expected life span of the financial instrument up to the contract expiration date. i) Reflection of forward-looking information The Group reflects forward-looking information presented by internal experts based on a variety of information when measuring expected credit losses. Assuming that the measurement factor of expected credit losses has a certain correlation with economic fluctuations, the expected credit losses are calculated by reflecting forward-looking information through modeling between macroeconomic variables and measurement factors. ii) Measurement of expected credit loss of financial assets at amortization cost The expected credit loss of an amortized financial asset is measured as the difference between the present value of the cash flows expected to be received and the cash flow expected to be received. For this purpose, we calculate expected cash flows for individually significant financial assets. For non-individual Expected credit losses are deducted using the allowance for credit loss account and are written off if the financial assets are not recoverable. The allowance for credit loss is increased when the written-off iii) Measurement of estimated credit loss of financial assets at FVOCI The calculation of expected credit losses is the same as for financial assets measured at amortized cost, but changes in allowance for credit loss are recognized in other comprehensive income. In the case of disposal and redemption of other comprehensive income – fair value, the allowance for credit loss is reclassified from other comprehensive income to profit or loss and recognized in profit or loss. |
Property and equipment | (i) Property and equipment Property and equipment are initially measured at cost and after initial recognition. The cost of property and equipment includes expenditures arising directly from the construction or acquisition of the asset, any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Certain land and buildings are measured at fair value at the date of transition to IFRS, which is deemed cost, in accordance with IFRS 1, ‘First-time Adoption of IFRS’ The Group recognizes in the carrying value of an item of property and equipment the cost of replacing part of property and equipment when that cost is incurred if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying value of those parts that are replaced is derecognized. The costs of the day-to-day Land is not depreciated. Other property and equipment are depreciated on a straight-line basis over the estimated useful lives, which most closely reflect the expected pattern of consumption of the future economic benefits embodied in the asset. The estimated useful lives for the current and comparative periods are as follows: Descriptions Useful lives Buildings 40~50 years Other properties 4~5 years Depreciation methods, useful lives and residual values are reassessed at each fiscal year-end |
Intangible assets | (j) Intangible assets Intangible assets are measured initially at cost and, subsequently, are carried at cost less accumulated amortization and accumulated impairment losses. Amortization of intangible assets except for goodwill is calculated on a straight-line basis over the estimated useful lives of intangible assets as shown below, from the date that they are available for use. The residual value of intangible assets is zero. However, if there are no foreseeable limits to the periods over which certain intangible assets are expected to be available for use, they are determined to have indefinite useful lives and are not amortized. Descriptions Useful lives Software 5 years Capitalized development cost 5 years Other intangible assets 5 years or contract periods Amortization periods and the amortization methods for intangible assets with finite useful lives are reviewed at the end of each reporting period. The useful lives of intangible assets that are not being amortized are reviewed at the end of each reporting period to determine whether events and circumstances continue to support indefinite useful life assessments for those assets. Changes are accounted for as changes in accounting estimates. Expenditures on research activities, undertaken with the prospect of gaining new technical knowledge and understanding, are recognized in profit or loss as incurred. Development expenditures are capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Other development expenditures are recognized in profit or loss as incurred. |
Investment properties | (k) Investment properties Investment property is property held either to earn rental income or for capital appreciation or both. An investment property is initially recognized at cost including any directly attributable expenditure. Subsequent to initial recognition, the asset is measured at cost less accumulated depreciation and accumulated impairment losses, if any. The depreciation method and the estimated useful lives for the current and comparative periods are as follows: Descriptions Useful lives Depreciation method Buildings 40 years Straight-line |
Leases | (l) Leases i) Accounting treatment as the lessee The Group leases various tangible assets, such as real estate and vehicles, and each of the lease contract is negotiated individually and includes a variety of terms and conditions. There are no other restrictions imposed by the lease contracts, but the lease assets cannot be provided as collaterals for borrowings. At the commencement date of the lease, the Group recognizes the right-of-use Right-of-use Lease liabilities are measured at the present value of the lease payments that are not paid at the commencement date of the lease, and the lease payments included in the measurement of the liabilities consist of the following payments: • Fixed payments (including in-substance • Variable lease payments depending on the index or rate(interest rate) • Amounts expected to be paid by the lessee under the residual value guarantee • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease If the interest rate implicit in the lease is readily determined, the lease payments are discounted by the rate; if the rate is not readily determined, the lessee’s incremental borrowing rate is used. The cost of the right-of-use • The amount of the initial measurement of the lease liability • Any lease payments made at or before the commencement date (less any lease incentives received) • Any initial direct costs incurred by the lessee • An estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease Lease payments related to short-term leases or low-value low-value W Additional considerations for the Group when accounting for lessees include: Extension and termination options are included in a number of real estate lease contracts of the Group. In determining the lease term, management considers all relevant facts and circumstances that create an economic incentive not to exercise the options. The periods covered by, a) an option to extend the lease if the lessee is reasonably certain to exercise that option, or b) an option to terminate the lease if the lessee is reasonably certain not to exercise that option, is included when determining the lease term. The Group reassesses whether the Group is reasonably certain to exercise the extension option, or not to exercise a termination option, upon the occurrence of either a significant event or a significant change in circumstances that is within the control of the lessee, and affects whether the lessee is reasonably certain to exercise an option not previously included in its determination of the lease term, or not to exercise an option previously included in its determination of the lease term. ii) Accounting treatment as the lessor The Group leases out to lessee various tangible assets, including vehicles under operating and finance lease contracts, and each of the lease contract is negotiated individually and includes a variety of terms and conditions. The risk management method for all rights held by the Group in the underlying assets includes repurchase agreements, residual value guarantees, etc. ① Finance leases The Group recognizes them as a receivable at an amount equal to the net investment in the lease, and the difference from the carrying value of the leasing asset as of the commencement date is recognized as profit or loss from disposal of the lease asset. In addition, interest income is recognized by applying the effective interest method for the amount of the Group’s net investment in finance leases. Lease-related direct costs are included in the initial recognition of financial lease receivables and are accounted for in a way that reduces the revenue for the lease term. ② Operating leases The Group recognizes the lease payments as income on straight-line basis, and adds the lease initial direct costs incurred during negotiation and contract phase of the operating lease to the carrying value of the underlying asset. In addition, the depreciation policy of operating lease assets is consistent with the Group’s depreciation policy of other similar assets. |
Assets held for sale | (m) Assets held for sale Non-current non-current The Group recognizes an impairment loss for any initial or subsequent write-down of an asset (or disposal group) to fair value less costs to sell, and a gain for any subsequent increase in fair value less costs to sell, up to the cumulative impairment loss previously recognized. An asset that is classified as held for sale or part of a disposal group classified as held for sale is not depreciated (or amortized). |
Impairment of non-financial assets | (n) Impairment of non-financial The carrying values of the Group’s non-financial non-current Goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, irrespective of whether there is any indication of impairment, are tested for impairment annually by comparing their recoverable amount to their carrying value. The Group estimates the recoverable amount of an individual asset, and if it is impossible to measure the individual recoverable amount of an asset, then the Group estimates the recoverable amount of cash-generating unit (“CGU”). The recoverable amount of an asset or a CGU is the greater of its value in use and its fair value less costs to sell. The value in use is estimated by applying a pre-tax An impairment loss is recognized if the carrying value of an asset or a CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. Goodwill acquired in a business combination is allocated to each CGU that is expected to benefit from the synergies arising from the goodwill acquired. Any impairment identified at the CGU level will first reduce the carrying value of goodwill and then be used to reduce the carrying value of the other assets in the CGU on a pro rata basis. Impairment losses of goodwill cannot be reversed in the subsequent period. At the end of each reporting period, the Group reviews whether there are any signs of impairment loss that has been recognized in the prior period no longer exists or has decreased, and reversal occurs only if there is a change in the estimate used to determine the recoverable amount after the recognition of the impairment loss. The asset’s carrying value does not exceed the carrying value that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. |
Non-derivative financial liabilities | (o) Non-derivative The Group recognizes financial liabilities in the consolidated statement of financial position when the Group becomes a party to the contractual provisions of the financial liability in accordance with the substance of the contractual arrangement and the definitions of financial liabilities. Transaction costs on the financial liabilities at FVTPL are recognized in profit or loss as incurred. i) Financial liabilities designated at FVTPL Financial liabilities can be irrevocably designated as measured at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases, or a group of financial instruments is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy. The amount of change in the fair value of the financial liabilities designated at FVTPL that is attributable to changes in the credit risk of that liabilities shall be presented in other comprehensive income. ii) Financial liabilities at FVTPL Since initial recognition, financial liabilities at FVTPL is measured at fair value, and changes in the fair value are recognized as profit or loss. iii) Other financial liabilities Non-derivative securities and etc. At the date of initial recognition, other financial liabilities are measured at fair value minus transaction costs that are directly attributable to the acquisition. Subsequent to initial recognition, other financial liabilities are measured at amortized cost using the effective interest method. The Group derecognizes a financial liability from the consolidated statement of financial position when it is extinguished (i.e. when the obligation specified in the contract is discharged, canceled or expires). |
Foreign currency | (p) Foreign currency i) Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of the Group at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the end of the reporting period are retranslated to the functional currency using the exchange rate at the end of the reporting period. Non-monetary non-monetary All foreign currency differences arising from the conversion of monetary items are recognized in profit or loss. However, the Group excludes currency differences at the time of settlement of monetary items, conversion differences in net investments in foreign operations and conversion differences for financial liabilities designated cash flow hedges. If gains or losses arising from non-monetary ii) Foreign operations If the presentation currency of the Group is different from a foreign operation’s functional currency, the financial statements of the foreign operation are translated into the presentation currency using the following methods: The assets and liabilities of foreign operations, whose functional currency is not the currency of a hyperinflationary economy, are translated to presentation currency at exchange rates at the reporting date. The income and expenses of foreign operations are translated to functional currency at exchange rates at the dates of the transactions. Foreign currency differences are recognized in other comprehensive income. Any goodwill arising on the acquisition of a foreign operation and any fair value adjustments to the carrying values of assets and liabilities arising on the acquisition of that foreign operation are treated as assets and liabilities of the foreign operation and are translated using the exchange rate at the reporting date. Upon disposal of foreign operations, the cumulative amount of the exchange differences recognized as a separate line item within the equity and other comprehensive income is reclassified from other comprehensive income to profit and loss at the time of recognition. When disposing subsidiaries, including foreign operations, proportional shares of exchange differences recognized in other comprehensive income are reverted to non-controlling iii) Net investment in a foreign operation If the settlement of a monetary item receivable from or payable to a foreign operation is neither planned nor likely in the foreseeable future, then foreign currency differences arising on the item form part of the net investment in the foreign operation and are recognized in other comprehensive income and reclassified from equity to profit or loss on disposal of the net investment. |
Equity capital | (q) Equity capital i) Capital stock Capital stock is classified as equity. Incremental costs directly attributable to the transaction of stock are deducted from equity, net of any tax effects. Preferred stocks are classified as equity if they do not need to be repaid or are repaid only at the option of the Group and if payment is determined by the Group’s discretion, and dividends are recognized when the shareholders’ meeting approves the dividends. Preferred stocks that are eligible for reimbursement of a defined or determinable amount on or after a certain date are classified as liabilities. The related dividend is recognized in profit or loss at the time of occurrence as interest expense . ii) Hybrid bonds The Group classifies an issued financial instrument, or its component parts, as a financial liability or an equity instrument depending on the substance of the contractual arrangement of such financial instrument. Hybrid bonds where the Group has an unconditional right to avoid delivering cash or another financial asset to settle a contractual obligation are classified as an equity instrument and presented in equity. Hybrid bonds issued by subsidiaries of the group are classified as non-controlling non-controlling iii) Capital adjustment The effect of changes in ownership interests in subsidiaries that do not lose control over the equity attributable to owners of the parent is included in capital adjustments. |
Employee benefits | (r) Employee benefits i) Short-term employee benefits Short-term employee benefits are employee benefits that are due to be settled within 12 months after the end of the period in which the employees render the related service. When an employee has rendered service to the Group during an accounting period, the Group recognizes the undiscounted amount of short-term employee benefits expected to be paid in exchange for that service. ii) Other long-term employee benefits The Group’s net obligation in respect of other long-term employee benefits that are not expected to be settled wholly before 12 months after the end of the annual reporting period in which the employees render the related service, is the amount of future benefit that employees have earned in return for their service in the current and prior periods. That benefit is discounted to determine its present value. Remeasurements are recognized in profit or loss in the period in which they arise. iii) Retirement benefits: defined contribution plans The Group recognizes the contribution expense as an account of severance payments in profit or loss in the period according to the defined contribution plans, when an employee provides work services for a certain period of time, except for the case when it is included in the cost of the asset. Contributions payable are recognized as liabilities (unpaid expenses) after deducting the contributions already paid. In addition, if the contribution already paid exceeds the contribution due for services provided before the end of the reporting period, the future contribution is reduced or cash refunded due to the excess is recognized as an asset (prepaid expense). iv) Retirement benefits: defined benefit plans For the year ended December 31, 2021, defined benefit liabilities related to the defined benefit plan are recognized by deducting the fair value of external reserve from the present value of the defined benefit plan debt. Defined benefit liabilities are calculated annually by independent actuaries using the predicted unit credit method. If the net present value of the defined benefit obligation less the fair value of the plan assets is an asset then the present value of the economic benefits available to the entity in the form of a refund from the plan or a reduction in future contributions to the plan. The remeasurement component of net defined benefit liability is the change in the effect on asset ceiling except for the amount included in the net interest income of plan assets and net revenues of plan assets excluding actuarial gains and losses to the net of defined benefit liabilities. It is immediately recognized in other comprehensive income. The Group determines the net interest on the net defined benefit obligation (asset) by multiplying the net defined benefit obligation (asset) by the discount rate determined at the beginning of the annual reporting period and is the net present value of the net defined benefit obligation. It is determined by taking into consideration the fluctuations. Net interest expense and other expenses related to defined benefit plans are recognized in profit or loss. When an amendment or reduction of the system occurs, the gain or loss resulting from the change or decrease in the benefits to the past service is immediately recognized in profit or loss. The Group recognizes gains or losses on settlement when the defined benefit plan is settled. v) Termination benefits Termination benefits are recognized as an expense when the Group is committed demonstrably, without realistic possibility of withdrawal, to a formal detailed plan to either terminate employment before the normal retirement date, or to provide termination benefits as a result of an offer made to encourage voluntary redundancy. Termination benefits for voluntary redundancies are recognized as an expense if the Group has made an offer of voluntary redundancy, it is probable that the offer will be accepted, and the number of acceptances can be estimated reliably. If benefits are payable more than 12 months after the reporting period, then they are discounted to their present value. |
Share-based payment transactions | (s) Share-based payment transactions In regards to the share-based payment transactions which grants an employee a stock or stock option in exchange for the goods or services provided, if the fair value of the goods or services provided or the fair value of the goods or services provided cannot be reliably measured, the Group indirectly measures the fair value of the goods or services based on the fair value of the given equity, and the amount is recognized as employee benefit expenses and capital during the vesting period. For share-based payment awards with non-vesting true-up The fair value of the amount payable to employees in respect of share appreciation rights, which are settled in cash, is recognized as an expense with a corresponding increase in liabilities, over the period that the employees unconditionally become entitled to payment. The liability is remeasured at each reporting date and at settlement date. Any changes in the fair value of the liability are recognized as personnel expense in profit or loss. |
Provisions | (t) Provisions Provisions are recognized when the Group has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. The risks and uncertainties that inevitably surround many events and circumstances are taken into account in reaching the best estimate of a provision. Where the effect of the time value of money is material, provisions are determined at the present value of the expected future cash flows. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources embodying economic benefits will be required to settle the obligation, the provision is reversed. Provisions shall be used only for expenditures for which the provisions are originally recognized. |
Financial guarantee contract | (u) Financial guarantee contract A financial guarantee contract is a contract that requires the Group to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due in accordance with the original or modified terms of a debt instrument. Financial guarantee contracts are recognized initially at their fair value, and the initial fair value is amortized over the life of the financial guarantee contract. After initial recognition, financial guarantee contracts are measured at the higher of: • Loss allowance in accordance with IFRS 9, ‘ Financial Instruments • The amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with the principles of IFRS 15, ‘ Revenue from Contracts with Customers |
Insurance contracts | (v) Insurance contracts i) Investment contract liabilities, including insurance contract liabilities and discretionary dividend factors The group establishes liability reserves in accordance with the Insurance Business Law and the related regulations. The reserves are calculated according to the insurance policy, insurance premiums and liability reserve calculation method. The main contents are as follows. i-1) This is the amount to be accumulated for insurance claim payable for the existing contracts as of the end of the reporting period, the reserves are calculated by deducting the present value of net premiums to be earned after the end of the reporting period from the present value of claims to be paid to the policyholder after the date of the statement of financial position. i-2) Among premiums that are due for payment before the end of the reporting period, the prepaid premium reserves for the next period are calculated through a premium and liability reserves calculation method. i-3) The total amount of reserve for variable minimum guarantee (①) and reserve for general account guarantee (②) is provided as guarantee reserve. ① Variable minimum guarantee reserve This reserve is the amount that must be accumulated to guarantee insurance premiums above a certain level for contracts maintained as of the end of the reporting period, and is measured at the higher of: i) the average amount of the top 30% of net loss expected in the future ii) the minimum required amount by insurance types, minimum guarantees, level of guarantees and limits of stock investment portion ② General account guarantee reserve As of the end of the reporting period, the amount of reserve for insurance contracts that are insured under general account is required to be paid to guarantee the level of refunds, and select the largest of the following: i) Average of the amount deducted from the appropriateness of the liability reserve calculated by excluding the guarantee option from the appropriateness evaluation of the liability reserve calculated by including the guarantee option for each interest rate scenario ii) The amount of compensation (including annulment contract) against the guarantee received from the policy holder by the rate applied at the premium calculation in the insurance premium and liability reserve calculation method i-4) As of the end of the reporting period, the Group has accrued the amount for which the reason for the payment of insurance claims, etc. has been incurred and the amount of the claim payment has not been paid yet due to the dispute or lawsuit related to the insurance settlement (pending in the Financial Dispute Mediation Committee). In addition, the Group recognizes unrecognized losses based on historical experience. i-5) The reserve is provided for the purpose of contributing to the policyholder dividend according to the laws and regulations and the reserve for dividend reserve for the policyholder and the dividend reserve for the subsequent business year. The policyholder dividend reserve is the amount that is not paid as of the end of the reporting period for the settlement amount and the reserve for dividend policy for the next fiscal year is based on the policyholder dividend calculated on the insurance contract effective as of the end of the reporting period. ① Excess crediting rate reserve In the case of a dividend insurance contract which has been maintained for more than one year as of the end of the reporting period among contracts signed before October 1, 1997, the difference between the planned interest rate and the one-year ② Mortality dividend reserve Dividends arising from contracts that are maintained for more than one year at the end of the reporting period are used to offset the expected mortality and actual mortality rates applied to premiums. ③ Interest dividend reserve For the contracts that have been maintained for more than one year as of the end of the reporting period, the amount calculated by applying the interest dividend reserve rate to the net written premium reserve less the unearned acquisition costs. However, the insurance sold before October 1, 1997 is applied to the amount deducted from the net premium in the event that the planned interest rate by the insurance product is less than the dividend standard. ④ Reserves for long-term special dividends For the effective dividend policy agreement that has been maintained for 6 years or more, the amount calculated by applying the long-term special dividend rate to the amount deducted from the net premiums for the end of the year. However, insurance sold before October 1, 1997 is applied to the deduction of unearned premiums at the end of the year when the expected interest rate by the insurance product is less than the dividend standard rate. i-6) In order to cover the policyholder dividend in the future, the total amount is set aside according to business performance according to the law or insurance contracts. i-7) In accordance with the regulations set by the supervisory authority, dividend insurance profit is accumulated within 30/100 of the contractor’s stake. The reserve for the compensation of dividend insurance losses shall compensate for the loss of dividend insurance contracts in accordance with the provisions of the fiscal year within five years from the end of the accumulated reporting period and shall be used as the policyholder dividend source for the individual contractor. ii) Contractor’s equity adjustment In accordance with IAS 39, the Group classifies the gains and losses of available for sale financial assets as policyholder’s equity and shareholders’ equity based on the reserve ratio for dividend paying and non-dividend iii) Evaluation of debt appropriateness At the end of each reporting period, the group assesses whether the recognized insurance liability is appropriate using the current estimates of future cash flows of the policy, and if the carrying value of the insurance liability is deemed to be inappropriate in terms of the estimated future cash flows. The reserve for premiums is added to the profit or loss by the amount corresponding to the deficiency. iv) Reinsurance assets The group presents the recoverable amount of reinsurance assets. The group assesses at the end of each reporting period whether there is objective evidence that a reinsurance asset is impaired. If there is objective evidence that the entity will not be able to collect all amounts under the terms of the agreement as a result of an event that occurred after the initial recognition and if the event has a reliable and measurable impact on the amount to be received. If reinsurance assets are determined to be impaired, impairment loss is recognized in the profit and loss for the current period. v) Deferred acquisition cost The group recognizes unrealized gains and losses arising from long-term insurance contracts as assets and amortizes the premiums over the life of the insurance contracts equally. If the contribution period exceeds 7 years, the amortization period is 7 years if there is an unrecognized balance at the date of the cancelation, the entire amount of the cancelation is amortized in the fiscal year to which the cancelation date belongs. But, if the ratio of additional premiums is higher at the early stage of the insurance period for the purpose of recovering the excess of the unearned premiums and the early settlement costs, the new settlement expenses are treated as the period expense. |
Recognition of revenues and expenses | through the expected life of the financial asset or liability or, where appropriate, a shorter period to the net carrying value of the financial asset or liability. When calculating the effective interest rate, the Group estimates cash flows considering all contractual terms of the financial instrument, but does not consider future credit losses. The calculation includes all fees and points paid or received between parties to the contract that are an integral part of the effective interest rate, and all other premiums or discounts. When it is not possible to estimate reliably the cash flows or the expected life of a financial instrument, the Group uses the contractual cash flows over the full contractual term of the financial instrument. Once a financial asset or a group of similar financial assets has been written down as a result of an impairment loss, interest income is thereafter recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. ii) Fees and commission The recognition of revenue for financial service fees depends on the purposes for which the fees are assessed and the basis of accounting for any associated financial instrument. ① Fees that are an integral part of the effective interest rate of a financial instrument Such fees are generally treated as an adjustment to the effective interest rate. Such fees may include compensation for activities such as evaluating the borrower’s financial condition, evaluating and recording guarantees, collateral and other security arrangements, preparing and processing documents, closing the transaction and the origination fees received on issuing financial liabilities. However, when the financial instrument is measured at fair value with the change in fair value recognized in profit or loss, the fees are recognized as revenue when the instrument is initially recognized. ② Fees earned as services are provided Fees and commission income, including investment management fees, sales commission, and account servicing fees, are recognized as the related services are provided. ③ Fees that are earned on the execution of a significant act The fees that are earned on the execution of a significant act including commission on the allotment of shares or other securities to a client, placement fee for arranging a loan between a borrower and an investor and sales commission, are recognized as revenue when the significant act has been completed. iii) Insurance income The Group recognizes insurance income for the insurance premium paid of which the payment date arrived by the premium payment methods of the insurance contract; and recognizes advance receipts for the insurance premium paid of which the payment date has not arrived at the end of the reporting period. iv) Dividend income Dividend income is recognized when the shareholder’s right to receive payment is established. Usually this is the ex-dividend |
Revenue from Contracts with Customers | (x) Revenue from Contracts with Customers The fair value of the consideration received or receivable in exchange for the initial transaction is allocated to the reward points (“points”) and the remainder of the fee income. The Group provides compensation in various forms such as payment discounts and free gifts. The consideration to be allocated to the points is estimated based on the fair value of the monetary benefits to be provided in consideration of the expected recovery rate of points awarded in accordance with the customer loyalty program and the expected time of recovery. Points for distribution through the cost paid by the customer is recognized by deducting from the revenue from fees. |
Income tax | (y) Income tax Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive income. Current tax is the expected tax payable or receivable on the taxable profit or loss for the year, using tax rates enacted or substantively enacted at the end of the reporting period and any adjustment to tax payable in respect of previous years. The taxable profit is different from the accounting profit for the period since the taxable profit is calculated excluding the temporary differences, which will be taxable or deductible in determining taxable profit (tax loss) of future periods, and non-taxable non-deductible Deferred tax is recognized, using the asset-liability method, in respect of temporary differences between the carrying values of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. A deferred tax liability is recognized for all taxable temporary differences. A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which they can be utilized. However, deferred tax is not recognized for the following temporary differences: taxable temporary differences arising on the initial recognition of goodwill, or the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting profit or loss nor taxable income. The Group applies a consolidated tax method based on a consolidated tax base and a domestic corporation (hereinafter referred to as the “Consolidated Entity Corporation”) that is fully controlled by the consolidated parent company and the consolidated tax base. The Group evaluates the feasibility of temporary differences, taking into account the future taxable income of individual companies and consolidated groups, respectively. The change in deferred tax assets (liabilities) was recognized as expense (income), except for the amount associated with items directly added to the equity account. For additional temporary differences in subsidiaries, associates, and joint venture investment interests, the Group may control the timing of the disappearance of temporary differences. All deferred tax liabilities are recognized except in cases where temporary differences are unlikely to dissipate in the foreseeable future. Deferred tax assets arising from deductible temporary differences are likely to be extinguished in the foreseeable future. In addition, it is recognized when taxable income is likely to be used for temporary differences. The carrying value of deferred tax assets is reviewed at the end of each reporting period. The carrying value of deferred tax assets is reduced when it is no longer likely that sufficient taxable income will be generated to use benefits from deferred tax assets. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and deferred tax assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period to recover or settle the carrying value of its assets and liabilities. Deferred tax assets and liabilities are corporate taxes imposed by the same taxation authority. Deferred tax assets and liabilities are offset only if there is a legally enforceable right to offset the related current tax liabilities and assets. Because of the tax polices taken by the Group, tax uncertainties arise from the complexity of transactions and differences in tax law analysis. Also, it arises from a tax refund suit, tax investigation, or a refund suit against the tax authorities’ tax amount. The Group paid the tax amount by the tax authorities in accordance with IFRIC 23. However, it will be recognized as the corporate tax assets if there is a high possibility of a refund in the future. In addition, the amount expected to be paid as a result of the tax investigation is recognized as the tax liability. |
Accounting for trust accounts | (z) Accounting for trust accounts The Group accounts for trust accounts separately from its bank accounts under the Financial Investment Services and Capital Markets Act No. 114 and thus the trust accounts are not included in the accompanying consolidated financial statements. In this regard, the funds lent to the trust account are counted as trust account loans and loans borrowed from the trust account as other accounting accounts (non-payment |
Earnings per share | (aa) Earnings per share The Group presents basic and diluted earnings per share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to the ordinary shareholder of the Group by the weighted average number of common shares outstanding during the period, adjusted for own shares held. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding, adjusted for own shares held, for the effects of all dilutive potential ordinary shares, which comprise share options granted to employees. |
New standards and amendments not yet adopted by the Group | (ab) New standards and amendments not yet adopted by the Group The following new accounting standards and amendments have been published that are not mandatory for annual periods beginning after January 1, 2021, and have not been early adopted by the Group. i) IFRS 3 ‘Business combination’ amended – Reference to the Conceptual Framework The amendments update a reference of definition of assets and liabilities to be recognized in a business combination in revised Conceptual Framework for Financial Reporting. However, the amendments add an exception for the recognition of liabilities and contingent liabilities within the scope of IAS 37 ‘Provisions, Contingent Liabilities and Contingent Assets’ ‘Levies’ (ii) IAS 16 ‘Property, Plant and Equipment’ amended – Proceeds before the intended use The amendments require the entity to recognize the proceeds from selling such items, and the costs of producing those items, in profit or loss, and prohibit an entity from deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while the entity is preparing the asset for its intended use. The amendments should be applied for annual periods beginning on or after January 1, 2022, and earlier application is permitted. The Group expects that the amendments will not have a significant impact on the consolidated financial statements. (iii) IAS 37, ‘Provisions, Contingent Liabilities and Contingent Assets’ amended – Onerous Contracts: Cost of Fulfilling a Contract The amendments clarify that the direct costs of fulfilling a contract include both the incremental costs of fulfilling the contract and an allocation of other costs directly related to fulfilling contracts when assessing whether the contract is onerous. The amendments should be applied for annual periods beginning on or after January 1, 2022, and earlier application is permitted. The Group expects that the amendments will not have a significant impact on the consolidated financial statements. (iv) IAS 1 ‘Presentation of Financial Statements’ amended – Classification of Liabilities as Current or Non-current The amendments clarify that liabilities are classified as either current or non-current, v) IFRS 17 ‘Insurance Contracts’ IFRS 17 ‘Insurance Contracts’ ‘Insurance Contracts’ The main features of IFRS 17 include measurement of the current value of insurance liabilities, recognition of insurance revenue on an accrual basis, and separate presentation of investment income from insurance performance. Under IFRS 4, insurance liability was measured using historical information (e.g., interest rates at sale, etc.). In addition, when the entity receives the premium, it recognizes the premium received as an insurance revenue on a cash basis and there is no obligation to present insurance and investment income or expense separately. On the contrary, IFRS 17 measures insurance liability at its present value by using updated discount rates which reflect current market-based information (i.e. at the reporting date) such as assumptions and risks. An insurance revenue is recognized on an accrual basis, reflecting the services provided to the policyholder by the insurance company for each accounting periods. Moreover, insurance finance income or expenses and the investment income or expenses will be presented separately. If the Group applies IFRS 17 in preparation of financial statements, significant differences with current financial statements may arise due to the following reasons. These differences do not include all of the future differences and they may be changed depending on further analysis. ① Evaluation of insurance liabilities Under IFRS 17, the Group estimates all cash flows under the insurance contract, then measure insurance liability by using discount rates that reflect assumptions and risks at the reporting date. Specifically, the Group identifies a portfolio of insurance contracts which comprises contracts subject to similar risks and managed together and disaggregate the groups of insurance contracts with similar profitability within the portfolio. Then, the Group measures the groups of insurance contracts at the total of estimates of future cash flows (reflecting cash flows related to insurance contracts and the time value of money), risk adjustment and contractual service margin. Upon the application of IFRS 17, contractual service margin account has been newly introduced. The contractual service margin presents the unrealized profit that the Group will recognize as it provides services in the future. Reinsurance contract is an insurance contract issued by one entity (the reinsurer) to compensate another entity for claims arising from one or more insurance contracts issued by that another entity (underlying insurance contracts). When estimating present value of future cash flows arising from reinsurance contracts, the Group would use assumptions consistent with those it uses for the underlying contracts. ② Recognition and measurement of financial performance According to IFRS 17, insurance revenue is recognized on an accrual basis including services (insurance coverage) provided to the policyholder for each accounting period. Investment components (such as cancelation or maturity refunds) being repaid to the policyholder even if an insured event does not occur, are excluded from insurance revenue. Insurance finance income or expenses and investment income or expenses are presented separately to enable information users to understand the sources of profits or losses. The Group includes time value of money and financial risk, and the effect of changes in the time value of money and financial risk related to the groups of insurance contracts in the insurance finance income or expenses. This requires the Group to make an accounting policy choice as to whether to disaggregate insurance finance income or expenses for the period between profit or loss and other comprehensive income. ③ Accounting policies related to conversion According to IFRS 17, the Group shall adjust the groups of insurance contracts issued before the transition date, that is measured at cost to be measured at its current value by applying a full retrospective approach, modified retrospective approach or fair value approach (January 1, 2022, the beginning of the annual reporting period immediately preceding the date of initial application). In principle, the Group shall identify, recognize, and measure (full retrospective approach) each group of insurance contracts as if IFRS 17 had been applied even before the transition date. However, if this approach is impracticable, the Group may choose to apply either the modified retrospective approach or fair value approach. On the other hand, for groups of insurance contracts with direct participation features which meet certain criteria, a fair value approach may be applied even if the full retrospective approach is applicable. The objective of the modified approach is to achieve the closest outcome to retrospective application possible using reasonable and supportable information available without undue cost or effort. The fair value approach is an approach of assessing a group of insurance contracts using fair value assessments, etc. in accordance with IFRS 13 ‘Fair Value Measurement’ ④ Preparing for the application As part of preparations for the launch of an integrated corporation in 2021, the Group has completed setting up actuarial assumptions and models and insurance liability settlement system. Within 2022, the Group is planning to foster and reinforce additional professionals and will continuously promote advancement, including improvements on system stability and verification of the consistency of data output. Also, the Group will overhaul and establish an internal accounting control system that goes along with the dynamic accounting environment in order to prepare and disclose reliable accounting information. The application of IFRS 17 will not only result to a change in accounting standards, but will also affect insurance product development, sales strategies, and long-term management strategies. Therefore, with the aim of re-establishment ⑤ Financial impact assessment As the implementation of IFRS 17 results to changes in the valuation of liabilities, revenue recognition, etc., the Group believes that the impact of this standard on the financial statements will be significant. The Group is determining the impacts on the consolidated financial statements due to the application of the standard. As of December 31, 2021, the Group has an insurance contract liability of W vi) Annual Improvements to IFRSs 2018-2020 Cycle For Annual Improvements to IFRSs 2018-2020 Cycle, the amendments will take effect for annual periods beginning after January 1, 2022 and are permitted for early application. The Group expects that the amendments will not have a significant impact on the consolidated financial statements. • IFRS 1, ‘First-time Adoption of IFRS’ – First-time adopter subsidiaries • IFRS 9, ‘Financial Instruments’ – 10% test-related fee for financial liabilities removal • IFRS 16, ‘Leases’ – Lease incentives • IAS 41, ‘Agriculture’ – Fair value measurement |
Significant estimates and jud_2
Significant estimates and judgments (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of changes in accounting estimates [abstract] | |
Estimation of impairment of goodwill | (a) Estimation of impairment of goodwill The Group reviews the goodwill annually in accordance with the accounting policy in Note 3. The recoverable amount of the cash-generating unit (group) is determined based on the value-in-use |
Income taxes | (b) Income taxes The Group is subject to tax laws from various countries. In the normal course of business, there are various types of transactions and different accounting methods that may add uncertainties to the decision of the final income taxes. The Group has recognized current and deferred taxes that reflect tax consequences based on the best estimates in which the Group expects, at the end of the reporting period, to recover or settle the carrying value of its assets and liabilities. However, actual income taxes in the future may not be identical to the recognized deferred tax assets and liabilities, and this difference can affect current and deferred tax at the period when the final tax effect is determined. |
Fair value of financial instruments | (c) Fair value of financial instruments The fair values of financial instruments (e.g. over-the-counter |
Allowance for credit loss, guarantees and unused loan commitments | (d) Allowance for credit loss, guarantees and unused loan commitments The Group determines and recognizes allowances for losses on debt securities, loans and other receivables measured at amortized cost or FVOCI, and recognizes provisions for guarantees and unused loan commitments through impairment testing. The accuracy of allowances and provisions for credit losses are determined by the estimation of expected cash flows for individually assessed allowances, and methodology and assumptions used for collectively assessed allowances and provisions for groups of loans, guarantees and unused loan commitments. |
Reporting entity (Tables)
Reporting entity (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of reporting entity [Abstract] | |
Ownership of Shinhan Financial Group and its major consolidated subsidiaries | (b) Ownership of Shinhan Financial Group and its major consolidated subsidiaries as of December 31, 2020 and 2021 are as follows: Date of financial Ownership (%) Investor Investee(*1) Location 2020 2021 Shinhan Financial Group Co., Ltd. Shinhan Bank Korea December 31 100.0 100.0 ” Shinhan Card Co., Ltd. ” ” 100.0 100.0 ” Shinhan Investment Corp. ” ” 100.0 100.0 ” Shinhan Life Insurance Co., Ltd. (*2) ” ” 100.0 100.0 ” Orange Life Insurance Co., Ltd. (*2) ” ” 100.0 — ” Shinhan Capital Co., Ltd. ” ” 100.0 100.0 ” Jeju Bank ” ” 75.3 75.3 ” Shinhan Credit Information Co., Ltd. ” ” 100.0 100.0 ” Shinhan Alternative Investment Management Inc. ” ” 100.0 100.0 ” Shinhan Asset Management Co., Ltd. (*3) ” ” 65.0 100.0 ” SHC Management Co., Ltd. ” ” 100.0 100.0 ” Shinhan DS ” ” 100.0 100.0 ” Shinhan Savings Bank ” ” 100.0 100.0 ” Asia Trust Co., Ltd. ” ” 60.0 60.0 ” Shinhan AITAS Co., Ltd. ” ” 99.8 99.8 ” Shinhan REITs Management Co., Ltd. ” ” 100.0 100.0 ” Shinhan AI Co., Ltd. ” ” 100.0 100.0 ” Shinhan Venture Investment Co., ” ” 100.0 100.0 Shinhan Bank Shinhan Bank America USA ” 100.0 100.0 ” Shinhan Bank Europe GmbH Germany ” 100.0 100.0 Date of financial Ownership (%) Investor Investee(*1) Location 2020 2021 ” Shinhan Bank Cambodia Cambodia December 31 97.5 97.5 ” Shinhan Bank Kazakhstan Limited Kazakhstan ” 100.0 100.0 ” Shinhan Bank Canada Canada ” 100.0 100.0 ” Shinhan Bank (China) Limited China ” 100.0 100.0 ” Shinhan Bank Japan Japan ” 100.0 100.0 ” Shinhan Bank Vietnam Ltd Vietnam ” 100.0 100.0 ” Banco Shinhan de Mexico Mexico ” 99.9 99.9 ” PT Bank Shinhan Indonesia Indonesia ” 99.0 99.0 Shinhan Bank Japan SBJDNX Japan ” 100.0 100.0 Shinhan Card Co., Ltd. LLP MFO Shinhan Finance Kazakhstan ” 100.0 100.0 ” PT. Shinhan Indo Finance Indonesia ” 50.0+ 50.0+ ” Shinhan Microfinance Co., Ltd. Myanmar ” 100.0 100.0 ” Shinhan Vietnam Finance Co., Ltd. Vietnam ” 100.0 100.0 Shinhan Investment Corp. Shinhan Investment Corp. USA Inc. USA ” 100.0 100.0 ” Shinhan Investment Asia Ltd. Hong Kong ” 100.0 100.0 ” SHINHAN SECURITIES VIETNAM Vietnam ” 100.0 100.0 ” PT. Shinhan Sekuritas Indonesia Indonesia ” 99.0 99.0 PT Shinhan Sekuritas Indonesia PT. Shinhan Asset Management Indonesia ” ” 75.0 75.0 Shinhan Life Insurance Co., Ltd. Shinhan Financial Plus Korea ” 100.0 100.0 ” Shinhan CubeOn Co., Ltd. (*5) Korea ” — 100.0 ” Shinhan Life Insurance Vietnam Co., Ltd. (*6) Vietnam ” — 100.0 Shinhan Asset Management Co., Ltd. SHINHAN ASSET MGT HK, LIMITED (*7) Hong Kong ” 100.0 100.0 Shinhan DS SHINHAN DS VIETNAM CO., LTD. Vietnam ” 100.0 100.0 (*1) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded. (*2) Shinhan Life Insurance Co., Ltd. and Orange Life Insurance Co., Ltd. merged on July 1, 2021. The company name after the merger is Shinhan Life Insurance Co., Ltd. (*3) The Group acquired additional shares of Shinhan BNPP Asset Management Co., Ltd. for the year ended December 31, 2021, and Shinhan BNPP Asset Management Co., Ltd. became a wholly owned subsidiary of the Group. Shinhan BNPP Asset Management Co., Ltd. changed its name to Shinhan Asset Management Co., Ltd. (*4) For the year ended December 31, 2021, Neoplux Co., Ltd. changed its name to Shinhan Venture Investment Co., Ltd. (*5) Newly invested subsidiaries subject to consolidation are included for the year ended December 31, 2021. (*6) Newly invested subsidiaries subject to consolidation are included for the year ended December 31, 2021. Shinhan Insurance Vietnam Co., Ltd. changed its name to Shinhan Life Insurance Vietnam Co., Ltd. (*7) For the year ended December 31, 2021, SHINHAN BNP ASSET MGT HK, LIMITED changed its name to SHINHAN ASSET MGT HK, LIMITED. |
Basis of preparation (Tables)
Basis of preparation (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Abstract] | |
Financial Instruments that have Not Been Converted to Replaced Interest Rate Benchmark Among the LIBOR Interest Rates | Regarding the suspension of LIBOR interest rate calculation, the financial instruments that have not been converted to replaced interest rate benchmark among the LIBOR interest rates as of December 31, 2021 are as follows: -Non-derivative Carrying value USD LIBOR(*2) JPY LIBOR EUR LIBOR Other LIBORs Due from banks and loans at amortized cost: Loans W 2,768,972 207,660 49,642 122,104 Securities at fair value through other comprehensive income: Financial institution bonds 167,167 — — — Corporate bonds and others 281,949 — — — 449,116 — — — Commitments and guarantee contracts(*1) W 280,224 39,148 56,552 13,853 (*1) The commitments and guarantee contracts are in nominal amount. (*2) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. -Non-derivative Carrying value USD LIBOR(*) JPY LIBOR EUR LIBOR Other LIBORs Financial liabilities at amortized cost: Deposits W 200,000 — — — Borrowings 347,420 — — — Debt securities issued 986,871 — — — W 1,534,291 — — — (*) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. -Derivative Notional amount USD LIBOR(*) JPY LIBOR EUR LIBOR Other LIBORs Trading: Interest rates related W 10,772,390 — — — Foreign currency related 10,900,844 — — — Equity related 268,243 — — — Credit related 1,108 — — — Others 379,360 — — — 22,321,945 — — — Hedge: Interest rates related 4,150,155 — — — Foreign currency related 278,705 — — — W 4,428,860 — — — (*) The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. |
Significant accounting polici_3
Significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of significant accounting policies [Abstract] | |
Summary of other property and equipment are depreciated on a straight-line basis | Descriptions Useful lives Buildings 40~50 years Other properties 4~5 years |
Summary of amortization of intangible assets | Descriptions Useful lives Software 5 years Capitalized development cost 5 years Other intangible assets 5 years or contract periods |
Summary of depreciation method and the estimated useful lives | The depreciation method and the estimated useful lives for the current and comparative periods are as follows: Descriptions Useful lives Depreciation method Buildings 40 years Straight-line |
Financial risk management (Tabl
Financial risk management (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of financial risk management [Abstract] | |
Reflection of forward-looking information | Major variables(*1) Correlation between 2020.4Q (*2) 2021 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) 0.0 3.9 3.0 4.3 Private consumption index(YoY %) (- ) (4.8 ) 3.0 2.3 3.5 4.1 Facility investment growth rate(YoY %) (- ) 3.5 5.5 6.5 1.5 5.0 Consumer price index growth rate(%) (- ) 0.3 0.6 0.9 0.8 0.9 Balance on current account(billion dollars) (- ) 170.0 130.0 160.0 190.0 180.0 Government bond 3y yields(%) — 0.90 1.00 1.00 1.10 1.10 ② Central scenario Major variables(*1) Correlation 2020.4Q (*2) 2021 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) (0.7 ) 3.6 2.5 3.7 Private consumption index(YoY %) (- ) (4.8 ) 2.6 2.1 3.0 3.5 Facility investment growth rate(YoY %) (- ) 3.5 5.0 6.0 0.8 4.5 Consumer price index growth rate(%) (- ) 0.3 0.5 0.9 0.7 0.8 Balance on current account(billion dollars) (- ) 170.0 120.0 150.0 180.0 170.0 Government bond 3y yields(%) — 0.90 1.00 1.00 1.00 1.00 ③ Downside scenario Major variables(*1) Correlation 2020.4Q (*2) 2021 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) (1.5 ) 2.3 1.7 3.0 Private consumption index(YoY %) (- ) (4.8 ) 1.9 1.1 2.6 3.4 Facility investment growth rate(YoY %) (- ) 3.5 3.5 4.5 (1.0 ) 3.0 Consumer price index growth rate(%) (- ) 0.3 0.4 0.8 0.6 0.7 Balance on current account(billion dollars) (- ) 170.0 110.0 140.0 170.0 160.0 Government bond 3y yields(%) — 0.90 1.10 1.10 1.10 1.10 (*1) Shinhan Bank applied the private consumption index and facility investment growth rate as the major variables. In addition, Shinhan Card applied the GDP growth rate, consumer price index growth rate, facility investment growth rate, consumer price index growth rate, balance on current account, and government bond 3y yields as the major variables. In addition to the table above, the Group has selected additional forecasts for the KOSPI. (*2) Considering the default forecast period, the Group reflected the future economic outlook. (*3) The macroeconomic outlook figures are estimated by the Group for the purpose of calculating expected credit losses based on information from domestic and foreign research institutes. Therefore, it could be different from other institutions’ estimates. ① Upside scenario Major variables(*1) Correlation 2021.4Q (*2) 2022 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) 4.1 3.0 3.1 3.8 3.7 Private consumption index(YoY %) (- ) 6.3 5.1 2.5 3.7 3.8 Facility investment growth rate(YoY %) (- ) 4.1 0.5 1.2 5.0 5.1 Consumer price index growth rate(%) (- ) 3.6 2.6 2.4 2.0 2.0 Balance on current account(billion dollars) (- ) 202.0 230.0 200.0 220.0 230.0 Government bond 3y yields(%) — 1.87 1.90 1.90 2.00 2.00 ② Central scenario Major variables(*1) Correlation 2021.4Q (*2) 2022 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) 4.1 2.3 2.4 3.0 3.4 Private consumption index(YoY %) (- ) 6.3 4.4 1.8 2.9 3.5 Facility investment growth rate(YoY %) (- ) 4.1 0.2 0.8 4.5 4.9 Consumer price index growth rate(%) (- ) 3.6 2.7 2.5 2.2 2.0 Balance on current account(billion dollars) (- ) 202.0 220.0 180.0 200.0 220.0 Government bond 3y yields(%) — 1.87 1.80 1.80 1.90 1.90 ③ Downside scenario Major variables(*1) Correlation between 2021.4Q (*2) 2022 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) 4.1 1.3 1.3 1.8 3.1 Private consumption index(YoY %) (- ) 6.3 3.4 0.7 1.8 3.1 Facility investment growth rate(YoY %) (- ) 4.1 (0.5 ) 0.3 4.3 4.5 Consumer price index growth rate(%) (- ) 3.6 3.2 3.0 3.0 2.8 Balance on current account(billion dollars) (- ) 202.0 200.0 170.0 180.0 200.0 Government bond 3y yields(%) — 1.87 2.00 2.00 2.20 2.40 (*1) Shinhan Bank applied the GDP growth rate and private consumption index as the major variables. In addition, Shinhan Card applied the GDP growth rate, facility investment growth rate, consumer price index growth rate, and balance on current account as the major variables. In addition to the table above, the Group has selected additional forecasts for the KOSPI. (*2) Considering the default forecast period, the Group reflected the future economic outlook. (*3) The macroeconomic outlook figures are estimated by the Group for the purpose of calculating expected credit losses based on information from domestic and foreign research institutes. Therefore, it could be different from other institutions’ estimates. |
Maximum exposure to credit risk | The Group’s maximum exposure to credit risk without taking into account of any collateral held or other credit enhancements as of December 31, 2020 and 2021 is as follows: 2020 2021 Due from banks and loans at amortized cost (*1),(*3): Banks W 17,016,263 14,166,508 Retail 170,314,316 186,358,002 Government/Public sector/Central bank 24,778,332 15,251,465 Corporations 152,895,324 172,527,573 Card receivable 22,822,546 25,065,621 387,826,781 413,369,169 Due from banks and loans at fair value through profit or loss(*3): Banks 93,109 34,262 Corporations 1,986,804 1,683,344 2,079,913 1,717,606 Securities at fair value through profit or loss 55,275,031 58,310,838 Securities at fair value through other comprehensive income 57,409,433 63,806,919 Securities at amortized cost(*1) 47,282,623 49,930,076 Derivative assets 5,633,915 3,799,189 Other financial assets(*1),(*2) 20,341,191 23,238,932 Guarantee contracts(*4) 4,481,506 5,399,286 Loan commitments and other credit liabilities 187,067,821 193,853,866 W 767,398,214 813,425,881 (*1) The maximum exposure amounts for due from banks, loans, securities at amortized cost and other financial assets at amortized cost are recorded as net of allowances. (*2) Other financial assets mainly comprise of accounts receivable, accrued income, deposits, domestic exchange settlement debit and suspense payments. (*3) Classified as similar credit risk group based on calculation of the BIS ratio under new Basel Capital Accord (Basel III). (*4) These amounts represent financial guarantees, and the non-financial W W |
Maximum amount of exposure to credit risk by type of collateral | iii) The maximum amount of exposure to credit risk by type of collateral as of December, 31, 2020 and 2021 is as follows: 2020 12 months Life time expected credit loss Total Classification Not impaired Impaired Guarantee W 36,355,387 5,944,417 185,777 42,485,581 Deposits and Savings 1,258,934 313,723 1,509 1,574,166 Property and equipment 1,301,810 324,098 12,341 1,638,249 Real estate 109,092,694 13,914,172 311,946 123,318,812 Securities 2,181,874 108,718 88,025 2,378,617 Others 4,830,557 — 1,943 4,832,500 Total W 155,021,256 20,605,128 601,541 176,227,925 2021 12 months Life time expected credit loss Total Classification Not impaired Impaired Guarantee W 61,890,908 8,354,723 214,589 70,460,220 Deposits and Savings 2,166,075 285,965 2,446 2,454,486 Property and equipment 1,560,567 416,545 20,162 1,997,274 Real estate 127,505,563 14,318,098 256,972 142,080,633 Securities 1,906,005 128,293 7 2,034,305 Others 5,035,546 — 5,495 5,041,041 Total W 200,064,664 23,503,624 499,671 224,067,959 |
Impairment information by credit risk of financial assets | iv) Impairment information by credit risk of financial assets Details of impaired financial assets due to credit risk as of December 31, 2020 and 2021 are as follows: 2020 12-month Life time expected credit loss Total Allowances Net Mitigation of due to Grade 1 Grade 2 Grade 1 Grade 2 Impaired Due from banks and loans at amortized cost: Banks W 14,935,722 1,996,948 87,084 10,027 — 17,029,781 (13,518 ) 17,016,263 29,994 Retail 152,159,976 8,385,069 6,062,587 3,686,863 574,354 170,868,849 (554,533 ) 170,314,316 91,711,254 Government/Public sector/Central bank 23,849,701 834,912 96,183 1,748 — 24,782,544 (4,212 ) 24,778,332 9,000 Corporations 93,740,349 34,637,533 11,391,410 13,758,332 982,037 154,509,661 (1,614,337 ) 152,895,324 83,580,715 Card receivable 16,995,332 2,304,536 1,754,723 2,197,877 454,451 23,706,919 (884,373 ) 22,822,546 6,845 301,681,080 48,158,998 19,391,987 19,654,847 2,010,842 390,897,754 (3,070,973 ) 387,826,781 175,337,808 Securities at fair value through other comprehensive income (*) 48,506,057 8,636,241 — 267,135 — 57,409,433 — 57,409,433 — Securities at amortized cost 45,888,769 1,404,340 — — — 47,293,109 (10,486 ) 47,282,623 — W 396,075,906 58,199,579 19,391,987 19,921,982 2,010,842 495,600,296 (3,081,459 ) 492,518,837 175,337,808 (*) Credit loss allowance recognized as other comprehensive income of securities at fair value through other comprehensive income amounted to W |
Credit risk exposures per credit grade of off-balance items | v) Credit risk exposures per credit grade of off-balance Credit risk exposures per credit grade of off-balance 2020 Grade 1 Grade 2 Impaired Total Guarantee contracts(*): 12-month W 2,884,641 1,110,945 — 3,995,586 Life time expected credit loss 308,785 176,977 — 485,762 Impaired — — 158 158 3,193,426 1,287,922 158 4,481,506 Loan commitment and other credit line 12-month 156,787,448 20,715,236 — 177,502,684 Life time expected credit loss 6,738,016 2,822,003 — 9,560,019 Impaired — — 5,118 5,118 163,525,464 23,537,239 5,118 187,067,821 W 166,718,890 24,825,161 5,276 191,549,327 2021 Grade 1 Grade 2 Impaired Total Guarantee contracts(*): 12-month W 3,469,002 1,382,415 — 4,851,417 Life time expected credit loss 342,224 205,179 — 547,403 Impaired — — 466 466 3,811,226 1,587,594 466 5,399,286 Loan commitment and other credit line 12-month 160,307,100 23,370,613 — 183,677,713 Life time expected credit loss 7,406,324 2,759,057 — 10,165,381 Impaired — — 10,772 10,772 167,713,424 26,129,670 10,772 193,853,866 W 171,524,650 27,717,264 11,238 199,253,152 (*) These amounts represent financial guarantees, and the non-financial W W |
Credit quality of derivative assets | vi) Credit qualities are classified based on the internal credit rating as follows: Type of Borrower Grade 1 Grade 2 Individuals Probability of default below 2.25% for each pool Probability of default 2.25% or above for each pool Government/Public agency/Central bank OECD sovereign credit rating of 6 or above OECD sovereign credit rating of below 6 Banks and Corporations (Including credit card bond) Internal credit rating of BBB+ or above Internal credit rating of below BBB+ Card receivables (Individuals) Behavior scoring system of 7 grade or above Behavior scoring system of below 7 grade |
Concentration by geographic location | vii) Credit risk exposures per credit quality of derivative assets Credit quality of derivative assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Grade 1 W 4,994,809 3,201,912 Grade 2 639,106 597,277 W 5,633,915 3,799,189 (*) Credit quality of derivative assets is classified based on the internal credit ratings. viii) Concentration by geographic location An analysis of concentration by geographic location for financial instrument, net of allowance, as of December 31, 2020 and 2021 are as follows: 2020 Classification (*1) Korea USA UK Japan Germany Vietnam China Other Total Due from banks and loans at amortized cost Banks W 6,990,520 823,698 156,002 784,538 316,293 1,166,397 2,889,115 3,889,700 17,016,263 Retail 161,434,788 392,499 6,724 4,124,680 2,386 1,780,361 1,329,067 1,243,811 170,314,316 Government/Public sector/Central bank 20,998,640 952,215 — 1,418,805 121,663 209,395 441,863 635,751 24,778,332 Corporations 133,827,181 3,278,234 435,135 3,796,824 103,647 2,319,327 3,039,177 6,095,799 152,895,324 Card receivable 22,614,285 8,867 351 1,983 194 152,141 27,926 16,799 22,822,546 345,865,414 5,455,513 598,212 10,126,830 544,183 5,627,621 7,727,148 11,881,860 387,826,781 Deposits and loans at FVTPL Banks 61,476 31,633 — — — — — — 93,109 Corporations 1,057,690 466,812 — 19,807 — 744 — 441,751 1,986,804 1,119,166 498,445 — 19,807 — 744 — 441,751 2,079,913 Securities measured at FVTPL 51,574,884 2,129,355 198,567 46,086 4,486 24,539 168,863 1,128,251 55,275,031 Securities at FVOCI 53,386,556 1,464,611 112,001 221,917 36,412 172,904 886,080 1,128,952 57,409,433 Securities at amortized cost 44,537,890 723,287 — 243,592 — 710,106 45,121 1,022,627 47,282,623 W 496,483,910 10,271,211 908,780 10,658,232 585,081 6,535,914 8,827,212 15,603,441 549,873,781 Off-balance Guarantees (*2) W 3,818,973 65,164 6,198 1,344 6,041 95,793 363,042 124,951 4,481,506 Loan commitments and other liabilities related to credit 178,311,828 528,596 275,629 645,794 64,050 1,042,458 2,443,779 3,755,687 187,067,821 W 182,130,801 593,760 281,827 647,138 70,091 1,138,251 2,806,821 3,880,638 191,549,327 (*1) The following accounts are the net carrying value less provision for doubtful accounts. (*2) These amounts represent financial guarantees, and the non-financial W 2021 Classification(*1) Korea USA UK Japan Germany Vietnam China Other Total Due from banks and loans at amortized cost Banks W 4,310,888 1,525,158 235,591 450,689 530,688 1,676,080 2,677,445 2,759,969 14,166,508 Retail 175,777,754 392,882 7,683 4,338,281 3,111 2,412,670 1,944,105 1,481,516 186,358,002 Government/Public sector/Central bank 11,807,591 796,405 — 1,279,012 217,773 248,301 462,308 440,075 15,251,465 Corporations 151,625,249 3,684,068 254,051 4,375,807 94,186 3,012,133 2,947,746 6,534,333 172,527,573 Card receivable 24,832,367 10,435 462 2,033 233 170,929 32,281 16,881 25,065,621 368,353,849 6,408,948 497,787 10,445,822 845,991 7,520,113 8,063,885 11,232,774 413,369,169 Deposits and loans at FVTPL Banks — 34,262 — — — — — — 34,262 Corporations 1,113,229 282,513 — 19,274 — — — 268,328 1,683,344 1,113,229 316,775 — 19,274 — — — 268,328 1,717,606 Securities measured at FVTPL 53,942,627 2,359,478 255,023 91,766 19,048 27,613 76,107 1,539,176 58,310,838 Securities at FVOCI 59,353,250 1,871,526 164,340 250,768 52,199 120,884 679,527 1,314,425 63,806,919 Securities at amortized cost 46,896,258 777,546 — 244,149 — 902,377 80,041 1,029,705 49,930,076 529,659,213 11,734,273 917,150 11,051,779 917,238 8,570,987 8,899,560 15,384,408 587,134,608 Off-balance Guarantees(*2) 4,991,349 45,650 2,099 821 4,384 95,565 246,080 13,338 5,399,286 Loan commitments and other liabilities related to credit 182,701,367 686,381 260,036 771,183 87,080 2,772,750 2,157,388 4,417,681 193,853,866 W 187,692,716 732,031 262,135 772,004 91,464 2,868,315 2,403,468 4,431,019 199,253,152 (*1) The following accounts are the net carrying value less provision for doubtful accounts. (*2) These amounts represent financial guarantees, and the non-financial W |
Concentration by industry sector | ix) Concentration by industry sector An analysis of concentration by industry sector of financial instrument, net of allowance, as of and December 31, 2020 and 2021 is as follows: 2020 Classification (*1) Finance and Manufacturing Retail and Real estate Construction Lodging and Other Retail Total Due from banks and loans at amortized cost: Banks W 16,656,030 — — — — — 360,233 — 17,016,263 Retail — — — — — — — 170,314,316 170,314,316 Government/Public sector/Central bank 24,671,308 — — 1,796 — — 105,228 — 24,778,332 Corporations 10,403,261 48,430,680 18,679,397 35,920,334 3,521,216 6,479,253 29,461,183 — 152,895,324 Card receivable 44,980 169,900 252,537 36,372 38,456 23,150 1,685,293 20,571,858 22,822,546 51,775,579 48,600,580 18,931,934 35,958,502 3,559,672 6,502,403 31,611,937 190,886,174 387,826,781 Due from banks and loans at FVTPL Banks 63,112 — — 29,997 — — — — 93,109 Corporations 1,114,789 641,554 19,210 51,008 3,000 — 157,243 — 1,986,804 1,177,901 641,554 19,210 81,005 3,000 — 157,243 — 2,079,913 Securities at fair value through profit or loss 34,294,362 2,978,991 1,223,958 574,547 248,399 46,177 15,908,597 — 55,275,031 Securities at fair value through other comprehensive income 26,528,743 3,448,765 577,781 830,988 974,333 22,643 25,026,180 — 57,409,433 Securities at amortized cost 10,361,913 21,750 — 1,053,779 963,348 — 34,881,833 — 47,282,623 124,138,498 55,691,640 20,752,883 38,498,821 5,748,752 6,571,223 107,585,790 190,886,174 549,873,781 Off-balance Guarantees (*2) 919,485 1,173,940 539,195 149,213 86,624 49,544 1,563,217 288 4,481,506 Loan commitments and other liabilities related to credit 13,474,195 25,825,767 9,652,509 3,619,939 2,159,128 513,565 19,277,732 112,544,986 187,067,821 W 14,393,680 26,999,707 10,191,704 3,769,152 2,245,752 563,109 20,840,949 112,545,274 191,549,327 (*1) The composition details by industry are net book value less allowances. (*2) These amounts represent financial guarantees, and the non-financial W 2021 Classification (*1) Finance and Manufacturing Retail and Real estate Construction Lodging and Other Retail Total Due from banks and loans at amortized cost: Banks W 13,447,829 — — — — — 718,679 — 14,166,508 Retail — — — — — — — 186,358,002 186,358,002 Government/Public sector/Central bank 15,216,403 — — 1,797 — — 33,265 — 15,251,465 Corporations 13,384,083 53,134,572 21,167,564 41,106,836 3,727,338 6,544,166 33,463,014 — 172,527,573 Card receivable 51,123 252,973 228,900 46,896 45,568 29,713 1,899,301 22,511,147 25,065,621 42,099,438 53,387,545 21,396,464 41,155,529 3,772,906 6,573,879 36,114,259 208,869,149 413,369,169 Due from banks and loans at FVTPL Banks 34,262 — — — — — — — 34,262 Corporations 986,736 492,598 15,107 78,753 22,537 2,637 84,976 — 1,683,344 1,020,998 492,598 15,107 78,753 22,537 2,637 84,976 — 1,717,606 Securities at fair value through profit or loss 33,769,892 3,248,846 1,169,038 773,687 299,972 152,341 18,897,062 — 58,310,838 Securities at fair value through other comprehensive income 27,034,695 3,529,756 523,631 775,967 1,144,998 30,928 30,766,944 — 63,806,919 Securities at amortized cost 10,309,318 — — 1,074,393 1,249,070 — 37,297,295 — 49,930,076 114,234,341 60,658,745 23,104,240 43,858,329 6,489,483 6,759,785 123,160,536 208,869,149 587,134,608 Off-balance Guarantees (*2) 775,357 948,440 396,571 126,393 36,001 56,105 3,059,953 466 5,399,286 Loan commitments and other liabilities related to credit 15,445,541 25,389,003 8,908,201 3,676,457 2,213,871 499,633 20,404,848 117,316,312 193,853,866 W 16,220,898 26,337,443 9,304,772 3,802,850 2,249,872 555,738 23,464,801 117,316,778 199,253,152 (*1) The composition details by industry are net book value less allowances. (*2) These amounts represent financial guarantees, and the non-financial W |
Market risk management from trading positions | i) Market risk management from trading positions i-1) Market risk is defined as the risk of loss of trading account position of financial institutions due to changes on market price, such as interest rates, exchange rates and stock prices, etc. and is divided into general market risks and individual risks. A general market risk refers to a loss from price variability caused by events affecting the market as a whole, such as interest rates, exchange rates and stock prices; and an individual risk refers to a loss from price variability related to individual events of securities issuer, such as bonds and stocks. i-2) The basic principle of market risk management in the trading sector is to maintain the maximum possible loss due to market risk within a certain level. To this end, the Group sets and operates VaR limits, investment limits, position limits, sensitivity limits, and loss limits from the portfolio to individual desks. These limits are managed daily by the department in charge of risk management, independent from the operating department. Trading positions refer to securities, foreign exchange positions, and derivative financial instruments held for the purpose of obtaining short-term trading gains. As a method of measuring market risk, VaR (Value at Risk) is typical, and it is a statistical measurement of the potential maximum loss that can occur due to changes in market conditions. VaR calculates the standard method market risk using the Group Market Risk Measurement System (TRMS), and Shinhan Bank and Shinhan Financial Investment use their own internal model market risk calculation system. Stress tests are conducted to supplement risk measurement by statistical methods and to manage losses that may arise from rapid changes in the economic environment. Shinhan Bank measures the market risk of linear products, such as stocks and bonds, as well as non-linear Shinhan Investment measures daily market risk by applying historical simulation VaR method of 99.9% confidence level-based VaR. Historical simulation VaR method does not require assumption on a particular distribution since the method derives scenarios directly from historical market data, and measures non-linear An analysis of the Group’s requisite capital in light of the market risk for trading positions as of and for the years ended December 31, 2020 and 2021 based on the standard guidelines for risk management promulgated by the Financial Supervisory Service, is as follows: 2020 Average Maximum Minimum December 31 Interest rate risk W 525,465 592,668 495,292 592,668 Stock price risk 222,277 240,535 202,036 222,544 Foreign exchange risk 120,088 124,915 113,497 113,497 Commodity risk 13,818 22,982 9,539 9,539 Option volatility risk 8,910 23,224 3,234 3,234 W 890,558 1,004,324 823,598 941,482 2021 Average Maximum Minimum December 31 Interest rate risk W 587,482 625,298 557,622 576,515 Stock price risk 209,101 231,137 179,415 219,900 Foreign exchange risk 274,140 301,271 245,232 299,909 Commodity risk 8,544 9,571 8,043 8,043 Option volatility risk 16,404 30,244 1,269 19,032 W 1,095,671 1,197,521 991,581 1,123,399 i-3) The analyzes of the ten-day 2020 Average Maximum Minimum December 31 Interest rate risk W 41,165 56,950 28,322 42,867 Stock price risk 27,077 66,254 7,545 7,893 Foreign exchange risk (*) 65,309 83,335 27,668 69,024 Option volatility risk 305 1,073 114 138 Commodity risk 13 170 — 1 Portfolio diversification effect (27,839 ) (53,295 ) (14,163 ) (25,310 ) W 106,030 154,487 49,486 94,613 2021 Average Maximum Minimum December 31 Interest rate risk W 28,749 55,773 17,537 28,030 Stock price risk 11,583 21,340 3,850 19,618 Foreign exchange risk (*) 159,165 185,514 136,936 161,978 Option volatility risk 162 368 29 60 Commodity risk 11 151 — 8 Portfolio diversification effect (25,023 ) (52,611 ) (13,207 ) (17,470 ) W 174,647 210,535 145,145 192,224 (*) Both trading and non-trading i-4) The analyzes of Shinhan Card’s requisite capital in light of the market risk for trading positions as of and for the years ended December 31 2020 and 2021, based on the standard guidelines for risk management promulgated by the Financial Supervisory Service, are as follows: 2020 Average Maximum Minimum December 31 Interest rate risk W 2,034 2,400 1,900 2,400 2021 Average Maximum Minimum December 31 Interest rate risk W 1,996 2,350 1,700 1,700 (*) Foreign subsidiaries are excluded from the calculation. i-5) The analyzes of the ten-day 2020 Average Maximum Minimum December 31 Interest rate risk W 20,512 30,903 12,076 23,551 Stock price risk 26,136 51,509 2,412 36,573 Foreign exchange risk 12,477 46,970 632 15,557 Option volatility risk 43,324 162,008 2,894 57,924 Portfolio diversification effect (27,223 ) (103,405 ) 634 (38,397 ) W 75,226 187,985 18,648 95,208 2021 Average Maximum Minimum December 31 Interest rate risk W 21,079 35,503 7,724 27,207 Stock price risk 31,668 62,315 15,856 33,295 Foreign exchange risk 24,354 43,826 2,548 28,594 Option volatility risk 49,345 96,355 31,155 79,589 Portfolio diversification effect (47,759 ) (104,149 ) (7,380 ) (58,241 ) W 78,687 133,850 49,903 110,444 i-6) The analyzes of the ten-day <Shinhan Life Insurance> 2020 Average Maximum Minimum December 31 Interest rate risk W 2,967 6,934 354 619 Stock price risk 10,953 16,592 4,481 13,742 Foreign exchange risk 10,485 21,588 4,665 13,669 Option volatility risk 433 1,096 40 1,089 W 24,838 46,210 9,540 29,119 2021 Average Maximum Minimum December 31 Interest rate risk W 4,161 9,262 457 1,259 Stock price risk 8,938 15,009 1,909 6,303 Foreign exchange risk 7,680 13,746 481 11,404 Option volatility risk 1,252 2,828 26 47 W 22,031 40,845 2,873 19,013 <Orange Life Insurance> 2020 Average Maximum Minimum December 31 Foreign exchange risk W 17,064 19,597 10,172 17,964 Option volatility risk 73 84 7 73 W 17,137 19,681 10,179 18,037 |
Interest rate risk management from non-trading positions | ii) Interest rate risk management from non-trading ii-1) Interest rate risk refers to the possibility of a decrease in net interest income or in net asset value that occurs when interest rates fluctuate unfavorably from the Group’s financial position. The Group manages changes in net interest income or net asset value that occur due to changes in interest rates by early predicting the factors of interest rate risk fluctuation related to the Group’s net interest income and net asset value through the interest rate risk management. ii-2) Shinhan Financial Group’s major financial subsidiaries manage interest rate risks independently by the risk management organization and the treasury department, and have internal regulations on interest rate risk management strategies, procedures, organization, measurement, and major assumptions. One of the key indicators of managing interest rate risk is the Earnings at Risk (EaR) from an earning perspective and the Value at Risk (VaR) from an economic value perspective. Interest rate VaR represents the maximum anticipated loss in a net present value calculation, whereas interest rate EaR represents the maximum anticipated loss in a net interest income calculation for the immediately following one-year The precision of risk management system differs by each subsidiary. Interest rate VaR and interest rate EaR are measured by internal method or IRRBB (Interest Rate Risk In The Banking Book), and interest rate risk limits are set and monitored based on the interest rate VaR. In accordance with the amendments in Regulations for Supervision of Financial Holding Companies, the Group measures the interest rate risk using the Basel III based IRRBB, which measures the interest rate risk more precisely than the existing BIS standard framework by segmenting maturities of interest rates, reflecting customer behavior models and diversifying interest rate shocks. The interest rate VaR scenario based IRRBB measures ① parallel up shock ② parallel down shock ③ steepener shock ④ flattener shock ⑤ short rate up shock ⑥ short rate down shock. By the parallel up shock and parallel down shock, the interest rate VaR scenario measures the scenario value with the largest loss as interest rate risk. Under the existing BIS standard framework, ± 200bp parallel shock scenario is applied to all currency. However, as the shock width is set differently by currency and period, interest rate risk is measured significantly by the IRRBB. ((KRW) Parallel ± 300bp, Short Term ± 400bp, Long Term ± 200bp, (USD) Parallel ± 200bp, Short Term ± 300bp, Long Term ± 150bp) In the IRRBB method, the existing interest rate VaR and the interest rate EaR are expressed as Δ EVE (Economic Value of Equity) and Δ NII (Net Interest Income), respectively. Since impacts of each subsidiary on changes of interest rates are differentiated by portfolios, the Group is preparing to respond proactively while monitoring the financial market and regulatory environment, and making efforts to hedge or reduce interest rate risk. In addition, the subsidiaries conduct the crisis analysis on changes in market interest rates and report it to management and the Group. In particular, through its ALM (Asset and Liability Management) system, Shinhan Bank measures and manages its interest rate risk based on various analytical measures such as interest rate gap, duration gap and NPV (Net Present Value) and NII (Net Interest Income) simulations, and monitors on a monthly basis its interest rate VaR limits, interest rate EaR (Earnings at Risk) limits and interest rate gap ratio limits. The details of interest rate VaR and EaR for major subsidiaries for as of December 31, 2020 and 2021 are as follows: ii-3) 2020 2021 ΔEVE (*1) W 468,327 774,352 ΔNII (*2) 115,221 96,145 ii-4) 2020 2021 ΔEVE (*1) W 463,647 831,361 ΔNII (*2) 594,210 672,303 ii-5) 2020 2021 ΔEVE (*1) W 209,929 186,587 ΔNII (*2) 89,925 187,548 ii-6) 2020 2021 Shinhan Life Insurance Orange Life Insurance Shinhan Life Insurance ΔEVE (*1) W 4,140,109 2,007,029 2,751,977 ΔNII (*2) 46,073 38,733 84,812 (*1) ΔEVE is the change in economic value of equity capital that can arise from changes in interest rates that affect the present value of assets, liabilities and off-balance (*2) ΔNII is the change in net interest income that can occur over the next year due to changes in interest rates by using the Basel III standard based IRRBB method. |
Foreign currency denominated assets and liabilities | Foreign currency denominated assets and liabilities as of December 31, 2020 and 2021 are as follows: 2020 USD JPY EUR CNY Other Total Assets: Cash and due from banks at amortized cost W 4,729,453 1,988,215 402,137 798,053 3,053,388 10,971,246 Due from banks at FVTPL 31,633 — — — — 31,633 Loans at FVTPL 745,277 19,807 91,503 — — 856,587 Loan at amortized cost 21,435,678 9,076,702 1,296,284 4,130,855 8,987,453 44,926,972 Securities at FVTPL 4,426,257 2,574 455,769 — 316,468 5,201,068 Derivative assets 913,778 21,531 50,842 1,100 114,055 1,101,306 Securities at FVOCI 3,868,880 149,718 222,547 460,681 1,000,855 5,702,681 Securities at amortized cost 1,273,204 240,619 69,132 45,151 1,588,358 3,216,464 Other financial assets 2,180,140 284,695 177,538 336,325 559,805 3,538,503 W 39,604,300 11,783,861 2,765,752 5,772,165 15,620,382 75,546,460 Liabilities: Deposits W 17,542,371 10,136,700 991,501 4,650,406 8,438,144 41,759,122 Financial liabilities at FVTPL — — — — 544,916 544,916 Derivative liabilities 558,064 10,819 33,940 858 105,134 708,815 Borrowings 8,431,144 810,819 306,829 163,454 692,305 10,404,551 Debt securities issued 8,417,214 87,504 933,570 — 1,652,835 11,091,123 Financial liabilities designated at FVTPL 1,068,245 — — — — 1,068,245 Other financial liabilities 3,479,117 123,510 250,428 564,623 843,635 5,261,313 W 39,496,155 11,169,352 2,516,268 5,379,341 12,276,969 70,838,085 Net domestic and foreign currency exposure W 108,145 614,509 249,484 392,824 3,343,413 4,708,375 Off-balance 438,469 (166,923 ) 187,408 44,764 (896,933 ) (393,215 ) Net foreign currency exposure W 546,614 447,586 436,892 437,588 2,446,480 4,315,160 2021 USD JPY EUR CNY Other Total Assets: Cash and due from banks at amortized cost W 4,958,621 1,878,286 479,644 700,378 3,630,253 11,647,182 Due from banks at FVTPL 34,262 — — — — 34,262 Loans at FVTPL 534,098 — — — — 534,098 Loan at amortized cost 24,443,325 9,901,710 975,680 5,090,928 10,093,297 50,504,940 Securities at FVTPL 5,417,837 15,557 577,157 233 553,519 6,564,303 Derivative assets 863,223 526 10,440 1,429 33,576 909,194 Securities at FVOCI 4,264,191 162,023 240,705 397,010 998,246 6,062,175 Securities at amortized cost 1,306,357 241,232 69,282 80,133 1,812,470 3,509,474 Other financial assets 4,347,761 242,919 324,886 173,906 927,110 6,016,582 W 46,169,675 12,442,253 2,677,794 6,444,017 18,048,471 85,782,210 Liabilities: Deposits W 20,060,092 10,642,720 1,376,168 4,820,793 9,766,248 46,666,021 Financial liabilities at FVTPL 7,114 — — — 581,458 588,572 Derivative liabilities 496,616 418 12,042 1,712 13,642 524,430 Borrowings 7,518,545 940,877 181,027 463,098 931,802 10,035,349 Debt securities issued 8,887,807 137,022 892,220 — 982,736 10,899,785 Financial liabilities designated at FVTPL 1,553,683 — — — — 1,553,683 Other financial liabilities 3,806,778 116,544 195,387 551,976 1,112,455 5,783,140 W 42,330,635 11,837,581 2,656,844 5,837,579 13,388,341 76,050,980 Net domestic and foreign currency exposure W 3,839,040 604,672 20,950 606,438 4,660,130 9,731,230 Off-balance (419,387 ) (62,614 ) 325,000 (95,526 ) (2,113,543 ) (2,366,070 ) Net foreign currency exposure W 3,419,653 542,058 345,950 510,912 2,546,587 7,365,160 |
Composition of non-derivative financial instruments and derivative financial instruments by remaining period | The details of the composition of non-derivative 2020 Less than 1~3 3~6 6 months 1~5 More than Total Non-derivative Assets: Cash and due from banks at amortized cost W 30,486,441 845,977 501,733 860,975 4,467 516,661 33,216,254 Due from banks at fair value through profit or loss 63,113 — — — — — 63,113 Loans at fair value through profit or loss 31,100 689,261 46,369 117,820 310,954 880,595 2,076,099 Loans at amortized cost 30,170,280 38,040,760 52,331,623 82,840,301 119,243,663 69,258,709 391,885,336 Securities at fair value through profit or loss 44,779,587 1,413,545 571,552 1,160,406 3,384,948 4,729,943 56,039,981 Securities at fair value through other comprehensive income 55,002,284 10,740 207 414 79,640 3,321,488 58,414,773 Securities at amortized cost 385,809 2,070,392 1,202,211 3,649,376 19,054,766 34,889,104 61,251,658 Other financial assets 15,451,455 102,714 138,116 287,473 231,608 1,571,561 17,782,927 W 176,370,069 43,173,389 54,791,811 88,916,765 142,310,046 115,168,061 620,730,141 Liabilities: Deposits (*2) W 187,299,944 28,357,521 36,578,825 59,863,780 14,894,480 2,355,459 329,350,009 Financial liabilities at fair value through profit or loss 1,409,608 794 7,042 2,785 18,870 — 1,439,099 Borrowings 14,670,192 3,783,621 2,920,338 5,463,070 10,692,374 4,392,815 41,922,410 Debt securities issued 5,872,508 6,261,775 5,039,503 11,457,246 43,712,609 6,454,265 78,797,906 Financial liabilities designated at fair value through profit or loss 596,675 221,857 336,784 1,277,802 5,043,549 979,057 8,455,724 Other financial liabilities 29,128,836 97,138 151,655 542,221 643,043 75,813 30,638,706 W 238,977,763 38,722,706 45,034,147 78,606,904 75,004,925 14,257,409 490,603,854 Off balance (*3): Guarantee contracts (*4) W 4,481,506 — — — — — 4,481,506 Other liabilities related to loan commitments 187,536,416 — — 19,900 — — 187,556,316 W 192,017,922 — — 19,900 — — 192,037,822 Derivatives W 419,951 29,829 75,483 149,274 103,770 101,072 879,379 2021 Less than 1~3 3~6 6 months 1~5 More than Total Non-derivative Assets: Cash and due from banks at amortized cost W 24,864,116 796,046 329,809 1,151,073 108,491 1,299,438 28,548,973 Due from banks at fair value through profit or loss 34,263 — — — — — 34,263 Loans at fair value through profit or loss 170,540 628,905 117,975 49,932 563,246 167,284 1,697,882 Loans at amortized cost 32,258,357 45,442,330 57,821,874 89,630,955 129,534,255 75,571,202 430,258,973 Securities at fair value through profit or loss 51,899,638 106,637 385,952 608,957 2,024,069 5,776,840 60,802,093 Securities at fair value through other comprehensive income 60,818,846 1,204,770 91,704 634,600 1,249,183 897,270 64,896,373 Securities at amortized cost 515,883 2,542,470 1,992,334 4,273,021 18,358,433 36,658,577 64,340,718 Other financial assets 21,052,012 50,602 25,096 372,536 253,373 1,800,309 23,553,928 W 191,613,655 50,771,760 60,764,744 96,721,074 152,091,050 122,170,920 674,133,203 Liabilities: Deposits (*2) W 212,378,477 36,147,003 40,879,482 59,303,450 17,046,796 2,589,696 368,344,904 Financial liabilities at fair value through profit or loss 1,371,503 — — — — — 1,371,503 Borrowings 13,159,909 3,928,317 3,643,545 5,171,542 14,168,441 3,649,507 43,721,261 Debt securities issued 4,833,061 7,033,973 7,257,291 17,537,101 41,799,782 5,334,848 83,796,056 Financial liabilities designated at fair value through profit or loss 332,597 294,931 586,682 1,298,402 4,165,201 1,346,057 8,023,870 Other financial liabilities 26,754,163 175,952 136,110 568,997 579,871 159,352 28,374,445 W 258,829,710 47,580,176 52,503,110 83,879,492 77,760,091 13,079,460 533,632,039 Off balance (*3): Guarantee contracts (*4) W 5,399,286 — — — — — 5,399,286 Other liabilities related to loan commitments 193,853,866 — — — — — 193,853,866 W 199,253,152 — — — — — 199,253,152 Derivatives W 380,609 23,508 11,867 23,099 (363,034 ) 47,464 123,513 (*1) These amounts include cash flows of principal and interest on financial assets and financial liabilities. (*2) Demand deposits amounting to W W (*3) Though guarantees, loan agreements, and other credit offerings corresponding to financial guarantees such as bond issuance and loan collateral provided by the Group exist, if the counterparty requests a payment, the Group should fulfill the obligation immediately. (*4) These amounts represent financial guarantees, and the non-financial W W . |
The fair value hierarchy of financial instruments presented at their fair values in the statements of financial position | i-1) The fair value hierarchy of financial instruments presented at their fair values in the statements of financial position as of December 31, 2020 and 2021 are as follows: 2020 Level 1 Level 2 Level 3 (*3) Total Financial assets Due from banks measured at FVTPL W — — 63,112 63,112 Loans at FVTPL (*1) — 708,111 1,308,690 2,016,801 Securities at FVTPL: Debt securities and other securities (*2) 7,029,453 39,335,739 8,721,500 55,086,692 Equity securities 693,816 210,230 832,413 1,736,459 Gold/silver deposits 188,339 — — 188,339 7,911,608 39,545,969 9,553,913 57,011,490 Derivative assets: Trading 125,339 4,623,218 408,855 5,157,412 Hedging — 475,708 795 476,503 125,339 5,098,926 409,650 5,633,915 Securities measured at FVOCI: Debt securities 17,515,390 39,861,238 32,805 57,409,433 Equity securities 172,403 49,673 684,603 906,679 17,687,793 39,910,911 717,408 58,316,112 W 25,724,740 85,263,917 12,052,773 123,041,430 Financial liabilities: Financial liabilities measured at FVTPL: Securities sold W 897,129 — — 897,129 Gold/silver deposits 539,565 — — 539,565 1,436,694 — — 1,436,694 Financial liabilities designated at fair value through profit or loss: Derivatives-combined securities (*2) — 314,220 8,141,504 8,455,724 Derivative liabilities: Trading 161,628 4,431,080 87,356 4,680,064 Hedging — 233,684 102,819 336,503 161,628 4,664,764 190,175 5,016,567 W 1,598,322 4,978,984 8,331,679 14,908,985 (*1) Of the Financial assets at FVTPL invested by the Group, P-note’s W adjustment in response to changes in uncertainty, such as information and market conditions available in the future. In addition, the ultimate impact on the business, financial condition, performance, and liquidity of the Group is unpredictable. (*2) Financial instruments (Beneficiary certificates: W W (*3) The valuation amount for the over-the-counter W W W W over-the-counter 2021 Level 1 Level 2 Level 3 (*3) Total Financial assets Due from banks measured at FVTPL W — — 34,262 34,262 Loans at FVTPL (*1) — 790,510 892,834 1,683,344 Securities at FVTPL: Debt securities and other securities (*2) 7,250,389 40,396,692 10,580,066 58,227,147 Equity securities 942,433 107,416 1,325,466 2,375,315 Gold/silver deposits 83,691 — — 83,691 8,276,513 40,504,108 11,905,532 60,686,153 Derivative assets: Trading 11,542 3,033,965 528,619 3,574,126 Hedging — 225,063 — 225,063 11,542 3,259,028 528,619 3,799,189 Securities measured at FVOCI: Debt securities 24,951,761 38,855,158 — 63,806,919 Equity securities 257,947 48,225 725,232 1,031,404 25,209,708 38,903,383 725,232 64,838,323 W 33,497,763 83,457,029 14,086,479 131,041,271 Financial liabilities: Financial liabilities measured at FVTPL: Securities sold W 787,767 — — 787,767 Gold/silver deposits 581,458 — — 581,458 1,369,225 — — 1,369,225 Financial liabilities designated at fair value through profit or loss: Derivatives-combined securities (*2) — 401,345 7,622,525 8,023,870 Derivative liabilities: Trading 191,061 2,862,761 153,933 3,207,755 Hedging — 196,060 182,749 378,809 191,061 3,058,821 336,682 3,586,564 W 1,560,286 3,460,166 7,959,207 12,979,659 (*1) Of the Financial assets at FVTPL invested by the Group, P-note’s W (*2) Financial instruments (Beneficiary certificates: W W (*3) The valuation amount for the over-the-counter W W W W over-the-counter |
Changes in carrying values of financial instruments classified as Level 3 | Changes in carrying values of financial instruments classified as Level 3 for the years ended December 31, 2020 and 2021 are as follows: 2020 Financial Securities Financial Derivative Held for Held for Beginning balance W 11,762,259 660,118 (8,511,489 ) 342,830 (186,974 ) Recognized in total comprehensive income for the year: Recognized in profit (loss) for the year (*1) (59,931 ) (2,094 ) (196,743 ) 51,436 84,950 Recognized in other comprehensive income (loss) for the year 69,819 (2,521 ) (9,689 ) — — 9,888 (4,615 ) (206,432 ) 51,436 84,950 Purchase 4,461,802 61,919 — 1,171 — Issue — — (9,043,503 ) — — Settlement (5,231,666 ) (14 ) 9,928,472 (74,584 ) — Reclassification (*3) (377,641 ) — — — — Transfer to level3 (*2) 358,123 — (308,552 ) 625 — Transfer from level3 (*2) (57,513 ) — — 21 — Business combination (Note 47) 463 — — — — Ending balance W 10,925,715 717,408 (8,141,504 ) 321,499 (102,024 ) 2021 Financial Securities Financial Derivative assets and Held for Held for Beginning balance W 10,925,715 717,408 (8,141,504 ) 321,499 (102,024 ) Recognized in total comprehensive income for the year: Recognized in profit (loss) for the year (*1) 271,065 448 (273,536 ) 348,046 (80,725 ) Recognized in other comprehensive income (loss) for the year 38,566 24,672 (1,526 ) — — 309,631 25,120 (275,062 ) 348,046 (80,725 ) Purchase 4,792,810 21,440 — 4,394 — Issue — — (8,488,977 ) — — Settlement (3,498,968 ) (38,736 ) 9,283,018 (299,633 ) — Reclassification (*3) (9,641 ) — — — — Transfer to level3 (*2) 507,984 — — 446 — Transfer from level3 (*2) (194,903 ) — — (66 ) — Ending balance W 12,832,628 725,232 (7,622,525 ) 374,686 (182,749 ) (*1) Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 for the years ended December 31, 2020 and 2021 are included in the accounts of the statements of comprehensive income, of which the amounts and the related accounts are as follows: 2020 Amounts recognized Recognized profit or loss from Net loss on financial assets at fair value through profit or loss W (8,495) (179,989 ) Net gain (loss) on financial liabilities designated at fair value through profit or loss (196,743 ) 189,885 Net loss on securities at fair value through other comprehensive income (2,094 ) (2,094 ) Net other operating income 84,950 19,065 W (122,382) 26,867 2021 Amounts recognized Recognized profit or loss from Net gain on financial assets at fair value through profit or loss W 619,111 322,974 Net gain (loss) on financial liabilities designated at fair value through profit or loss (273,536 ) 186,003 Net gain on securities at fair value through other comprehensive income 448 — Net other operating expense (80,725 ) (83,669 ) W 265,298 425,308 (*2) The investment securities transferred to Level 3 as the availability of observable market data changed due to reasons such as suspension of trading, and the derivative instruments transferred to Level 3 as the availability of observable market data changed due to reasons such as changes in the valuation. (*3) It has been replaced by investment assets in associates. |
Valuation techniques and inputs used in measuring the fair value of financial instruments | i-3) Valuation techniques and significant inputs not observable in markets i-3-1) Valuation techniques and inputs used in measuring the fair value of financial instruments classified as level 2 as of December 31, 2020 and 2021 are as follows: 2020 Type of financial instrument Valuation Carrying Significant inputs Assets Financial asset at fair value through profit or loss Debt securities DCF W 40,043,850 Discount rate, interest rate, stock price, and etc. Equity securities NAV 210,230 Price of underlying assets such as stocks, bonds 40,254,080 Derivative assets Trading Option mode DCF 4,623,218 Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. Hedging 475,708 5,098,926 Securities at fair value through other comprehensive income Debt securities DCF 39,861,238 Discount rate, interest rate and price of underlying assets such as stock, bonds Equity securities NAV 49,673 39,910,911 W 85,263,917 Liabilities Financial liabilities designated at fair value through profit or loss Compound financial instruments DCF W 314,220 Discount rate Derivative liabilities Trading Option m DCF 4,431,080 Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. Hedgin 233,684 4,664,764 W 4,978,984 2021 Type of financial instrument Valuation technique Carrying Significant inputs Assets Financial asset at fair value through profit or loss Debt securities DCF W 41,187,202 Discount rate, interest rate, stock price, and etc. Equity securities NAV 107,416 Price of underlying assets such as stocks, bonds, etc. 41,294,618 Derivative assets Trading Option mode DCF 3,033,965 Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. Hedging 225,063 3,259,028 Securities at fair value through other comprehensive income Debt securities DCF 38,855,158 Interest rate, discount rate and price of underlying assets such as stock, bonds, etc. Equity securities NAV 48,225 38,903,383 W 83,457,029 Liabilities Financial liabilities designated at fair value through profit or loss Compound financial instruments Black-Scholes W 401,345 Discount rate Derivative liabilities Trading Option DCF 2,862,761 Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. Hedging 196,060 3,058,821 W 3,460,166 i-3-2) Valuation techniques and significant inputs, but not observable, used in measuring the fair value of financial instruments classified as level 3 as of December 31, 2020 and 2021 are as follows: 2020 Type of financial instrument Valuation technique Carrying Significant unobservable inputs Range Financial assets Financial asset at fair value through profit or loss Debt securities DCF, Option model (*1), Comparable company analysis W 10,093,302 The volatility of the underlying asset, Discoun Correlations 5.06%~61.32% 0.35%~27.17% 0.00%~100.0% Equity securities DCF, NAV, Option model (*1), Comparable company analysis 832,413 The volatility of the underlying asset, Discoun Correlations 21.00%~40.00% 5.83%~16.87% 20.00%~79.00% 10,925,715 Derivative assets Equity and foreign exchange related Option model (*1) 113,496 The volatility of the underlying asset, an 4.30%~127.00% -3.00%~82.00% Interest rates related Option model (*1) 23,112 The volatility of the underlying asset Correlations 0.47%~1.00% 0.30%~0.58% 26.00%~90.45% Credit and commodity related Option model (*1) 273,042 The volatility of the underlying asset, an 1.00%~40.00% -43.00%~92.00% 409,650 Securities at fair value through other comprehensive income Debt securities DCF, NAV, Op Comparable 32,805 The volatility 22.11% 0.05%~19.05% 0.00%~2.00% Equity securities 684,603 717,408 W 12,052,773 2020 Type of financial instrument Valuation technique Carrying Significant unobservable inputs Range Financial liabilities Financial liabilities designated at fair value through profit or loss Equity related Option model (*1) W 8,141,504 The volatility of the underlying asset, an 1.00%~127.00% -43.00%~92.00% Derivative liabilities Equity and foreign exchange related Option model (*1) 25,525 The volatility of the underlying asset, an 4.30%~61.00% -3.00%~82.00% Interest rates related Option model (*1) 134,759 The volatility of the underlying asset, Regressio Correlations 0.47%~40.00% 0.30%~0.63% 20.13%~90.34% Credit and commodity related Option model (*1) 29,891 The volatility of the underlying asset, an 1.00%~102.00% -43.00%~92.00% 190,175 W 8,331,679 (*1) Option model that the Group uses in derivative valuation includes Black-Scholes model, Hull-White model, Monte Carlo simulation, etc. (*2) There is no disclosure for valuation techniques and input variables related to items where the carrying value is recognized as a reasonable approximation of fair value and the carrying value is disclosed at fair value. 2021 Type of financial instrument Valuation technique Carrying Significant unobservable inputs Range Financial assets Financial asset at fair value through profit or loss Debt securiti es DCF, NAV, Option model (*1), Comparable company analysis W 11,507,162 The volatility of the underlying asset, Discoun 19.48%~72.69% 0.00%~1.00% Equity securities DCF, NAV, Option model (*1), Comparable company analysis 1,325,466 The volatility of the underlying asset, Discoun 16.00%~32.00% 12,832,628 Derivative assets Equity and foreign exchange related Option model (*1) 28,783 The volatility of the underlying asset, an 2.29%~50.00% Interest rates related Option model (*1) 6,029 The volatility of the underlying asset 0.70% Credit and commodity related Option model (*1) 493,807 The volatility of the underlying asset, and Hazar 0.70%~4.70% 528,619 Securities at fair value through other comprehensive income Equity securities DCF, NA Comparable company analysis 725,232 The volatility of the underlying asset, Discoun 25.49% 9.80%~22.79% 0.00%~2.00% 725,232 W 14,086,479 Financial liabilities Financial liabilities designated at fair value through profit or loss Equity related Option model (*1) W 7,622,525 The volatility of the underlying asset, an 0.50%~94.90% -12.00%~88.00% Derivative liabilities Equity and foreign exchange related Option model (*1) 13,214 The volatility of the underlying asset, an 2.29%~42.00% -5.00%~91.00% Interest rates related Option model (*1) 258,364 The volatility of the underlying asset, Regressio Correlations 0.46%~0.78% Credit and commodity related Option model (*1) 65,104 The volatility of the underlying asset, and Hazar 1.90%~94.90% 336,682 W 7,959,207 (*1) Option model that the Group uses in derivative valuation includes Black-Scholes model, Hull-White model, Monte Carlo simulation, etc. (*2) There is no disclosure for valuation techniques and input variables related to items where the carrying value is recognized as a reasonable approximation of fair value and the carrying value is disclosed at fair value. |
Sensitivity for changing in unobservable inputs | i-4) Sensitivity for changing in unobservable inputs For level 3 fair value measurement, changing one or more of the unobservable inputs used to reasonably possible alternative assumptions would have the following effects on profit or loss, or other comprehensive income as of December 31, 2020 and 2021. 2020 Favorable Unfavorable Financial assets: Effects on profit or loss for the period (*1),(*2): Financial asset at fair value through profit or loss W 53,821 (48,547 ) Derivative assets 23,011 (21,532 ) Securities at fair value through other comprehensive income (*2) 26,817 (21,044 ) W 103,649 (91,123 ) Financial liabilities: Effects on profit or loss for the period (*1): Financial liabilities designated at fair value through profit or loss W 72,042 (71,690 ) Derivative liabilities 17,976 (18,368 ) W 90,018 (90,058 ) 2021 Favorable Unfavorable Financial assets: Effects on profit or loss for the period (*1),(*2): Financial asset at fair value through profit or loss W 39,084 (43,072 ) Derivative assets 16,893 (11,809 ) Securities at fair value through other comprehensive income (*2) 38,865 (38,210 ) W 94,842 (93,091 ) Financial liabilities: Effects on profit or loss for the period (*1): Financial liabilities designated at fair value through profit or loss W 45,493 (50,845 ) Derivative liabilities 25,326 (23,486 ) W 70,819 (74,331 ) (*1) Fair value changes are calculated by increasing or decreasing the volatility of the underlying asset (-10~10%p) (*2) Fair value changes are calculated by increasing or decreasing discount rate (-1~1%p) |
The method of measuring the fair value of financial instruments measured at amortized cost | ii-1) The method of measuring the fair value of financial instruments measured at amortized cost is as follows: Type Measurement methods of fair value Cash and due from banks The carrying value and the fair value for cash are identical and most of deposits are floating interest rate deposits or next day deposits of a short-term instrument. For this reason, the carrying value approximates fair value. Loans The fair value of the loans is measured by discounting the expected cash flow at the market interest rate and credit risk of the borrower. Securities An external professional evaluation agency is used to calculate the valuation amount using the market information. The agency calculates the fair value based on active market prices, and DCF model is used to calculate the fair value if there is no quoted price. Deposits and borrowings The carrying value and the fair value for demand deposits, cash management account deposits, call money as short-term instrument are identical. The fair value of others is measured by discounting the contractual cash flow at the market interest rate that takes into account the residual risk. Debt securities issued Where available, the fair value of deposits and borrowings is based on the published price quotations in an active market. In case there is no data for an active market price, it is measured by discounting the contractual cash flow at the market interest rate that takes into account the residual risk. Other financial assets and other financial liabilities The carrying value is measured at fair value for short-term and suspense accounts, such as spot exchange, inter-bank fund transfer, and domestic exchange of payments, and for the remaining financial instruments, the present value is calculated by discounting the contractual cash flows at a discount rate which considered residual risk at the market interest rate. |
The carrying value and the fair value of financial instruments measured at amortized cost | ii-2) The carrying value and the fair value of financial instruments measured at amortized cost as of December 31, 2020 and 2021 are as follows: 2020 2021 Carrying value Fair value Carrying value Fair value Assets: Deposits measured at amortized cost W 31,605,262 31,607,122 24,232,013 24,216,932 Loans measured at amortized cost Retails 146,843,366 147,634,589 159,090,991 159,262,881 Corporations 177,046,416 178,420,230 197,356,011 198,053,452 Public and other funding loans 4,021,926 4,048,167 3,795,225 3,812,717 Loans between banks 5,487,147 5,495,236 3,844,227 3,839,726 Credit card 22,822,664 23,220,987 25,050,702 25,438,046 356,221,519 358,819,209 389,137,156 390,406,822 Securities measured at amortized cost Government bonds 31,816,320 33,391,597 34,679,301 34,377,110 Financial institution bonds 3,835,577 3,987,172 3,423,536 3,477,834 Corporation bonds 11,630,726 12,075,175 11,827,239 11,750,467 47,282,623 49,453,944 49,930,076 49,605,411 Other financial assets 20,341,191 20,359,778 23,238,932 23,389,209 W 455,450,595 460,240,053 486,538,177 487,618,374 Liabilities: Deposit liabilities Demand deposits W 148,725,197 148,725,197 172,107,724 172,107,724 Time deposits 157,833,891 157,936,969 161,498,901 161,301,409 Certificate of deposit 5,946,704 5,965,139 16,576,536 16,606,894 Issued bill deposit 6,226,937 6,226,855 5,818,001 5,817,844 CMA deposits 4,006,319 4,006,319 5,246,478 5,246,478 Others 3,677,820 3,678,316 3,649,035 3,648,983 326,416,868 326,538,795 364,896,675 364,729,332 Borrowing debts: Call-money 1,760,042 1,760,042 1,534,611 1,534,611 Bills sold 10,706 10,696 9,032 9,019 Bonds sold under repurchase agreements 11,065,584 11,065,584 10,709,115 10,709,115 Borrowings 28,757,732 28,863,015 30,914,307 30,803,417 41,594,064 41,699,337 43,167,065 43,056,162 Debts: Borrowings in Korean won 64,083,920 64,842,258 69,288,982 69,081,140 Borrowings in foreign currency 11,050,474 11,262,332 10,860,381 11,076,757 75,134,394 76,104,590 80,149,363 80,157,897 Other financial liabilities 34,129,626 34,136,128 29,880,879 29,872,186 W 477,274,952 478,478,850 518,093,982 517,815,577 |
The fair value hierarchy of financial instruments which are not measured at their fair values in the statements of financial position | ii-3) The fair value hierarchy of financial assets and liabilities which are not measured at their fair values in the statements of financial position but with their fair value disclosed as of December 31, 2020 and 2021 are as follows: 2020 Level 1 Level 2 Level 3 Total Assets: Deposits measured at amortized cost W 779,759 29,957,444 869,919 31,607,122 Loans measured at amortized cost Retails — — 147,634,589 147,634,589 Corporations — — 178,420,230 178,420,230 Public and other funding loans — — 4,048,167 4,048,167 Loans between banks — 2,187,270 3,307,966 5,495,236 Credit card — — 23,220,987 23,220,987 — 2,187,270 356,631,939 358,819,209 Securities measured at amortized cost: Government bonds 22,130,487 11,261,110 — 33,391,597 Financial institution bonds 1,070,220 2,916,952 — 3,987,172 Debentures — 11,994,724 80,451 12,075,175 23,200,707 26,172,786 80,451 49,453,944 Other financial assets — 8,661,345 11,698,433 20,359,778 W 23,980,466 66,978,845 369,280,742 460,240,053 Liabilities: Deposit liabilities Demand deposits W — 148,725,197 — 148,725,197 Time deposits — — 157,936,969 157,936,969 Certificate of deposit — — 5,965,139 5,965,139 Issued bill deposit — — 6,226,855 6,226,855 CMA deposits — 4,006,319 — 4,006,319 Other — 3,534,696 143,620 3,678,316 — 156,266,212 170,272,583 326,538,795 Borrowing debts: Call-money — 1,760,042 — 1,760,042 Bills sold — — 10,696 10,696 Bonds sold under repurchase agreements 95,400 — 10,970,184 11,065,584 Borrowings — 8,500 28,854,515 28,863,015 95,400 1,768,542 39,835,395 41,699,337 Debts: Borrowings in won — 35,740,750 29,101,508 64,842,258 Borrowings in foreign currency — 7,944,242 3,318,090 11,262,332 — 43,684,992 32,419,598 76,104,590 Other financial liabilities — 10,383,020 23,753,108 34,136,128 W 95,400 212,102,766 266,280,684 478,478,850 2021 Level 1 Level 2 Level 3 Total Assets: Deposits measured at amortized cost W 252,474 23,964,458 — 24,216,932 Loans measured at amortized cost Retails — — 159,262,881 159,262,881 Corporations — — 198,053,452 198,053,452 Public and other funding loans — — 3,812,717 3,812,717 Loans between banks — 2,387,533 1,452,193 3,839,726 Credit card — — 25,438,046 25,438,046 — 2,387,533 388,019,289 390,406,822 Securities measured at amortized cost: Government bonds 23,045,322 11,331,788 — 34,377,110 Financial institution bonds 698,105 2,779,729 — 3,477,834 Debentures — 11,662,046 88,421 11,750,467 23,743,427 25,773,563 88,421 49,605,411 Other financial assets — 14,200,356 9,188,853 23,389,209 W 23,995,901 66,325,910 397,296,563 487,618,374 Liabilities: Deposit liabilities Demand deposits W — 172,107,724 — 172,107,724 Time deposits — — 161,301,409 161,301,409 Certificate of deposit — — 16,606,894 16,606,894 Issued bill deposit — — 5,817,844 5,817,844 CMA deposits — 5,246,478 — 5,246,478 Other — 3,553,942 95,041 3,648,983 — 180,908,144 183,821,188 364,729,332 Borrowing debts: Call-money — 1,534,611 — 1,534,611 Bills sold — — 9,019 9,019 Bonds sold under repurchase agreements — — 10,709,115 10,709,115 Borrowings — — 30,803,417 30,803,417 — 1,534,611 41,521,551 43,056,162 Debts: Borrowings in won — 38,474,804 30,606,336 69,081,140 Borrowings in foreign currency — 7,956,414 3,120,343 11,076,757 — 46,431,218 33,726,679 80,157,897 Other financial liabilities — 9,413,875 20,458,311 29,872,186 W — 238,287,848 279,527,729 517,815,577 |
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value | ii-4) Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value, as at December 31, 2020 and 2021, are as follows: 2020 Fair value (*) Valuation Inputs Financial instruments classified as level 2 : Assets Due from banks measured at amortized cost W 29,957,444 DCF Discount rate Loans measured at amortized cost 2,187,270 DCF Discount rate, credit spread, prepayment rate Securities measured at amortized cost 26,172,786 DCF Discount rate Other financial assets 8,661,345 DCF Discount rate Financial instruments classified as level 3 : Assets Due from banks measured at amortized cost 869,919 DCF Discount rate Loans measured at amortized cost 356,631,939 DCF Discount rate, credit spread, prepayment rate Securities measured at amortized cost 80,451 DCF Discount rate Other financial assets 11,698,433 DCF Discount rate W 436,259,587 Financial instruments classified as level 2 : Liabilities Deposits W 156,266,212 DCF Discount rate Borrowings 1,768,542 DCF Discount rate Debt securities issued 43,684,992 DCF Discount rate Other financial liabilities 10,383,020 DCF Discount rate Financial instruments classified as level 3 : Liabilities Deposits 170,272,583 DCF Discount rate Borrowings 39,835,395 DCF Discount rate Debt securities issued 32,419,598 DCF Discount rate, regression coefficient, correlation coefficient Other financial liabilities 23,753,108 DCF Discount rate W 478,383,450 (*) Valuation techniques and inputs are not disclosed when the carrying value is a reasonable approximation of fair value 2021 Fair value (*) Valuation Inputs Financial instruments classified as level 2 : Assets Due from banks measured at amortized cost W 23,964,458 DCF Discount rate Loans measured at amortized cost 2,387,533 DCF Discount rate, credit spread, prepayment rate Securities measured at amortized cost 25,773,563 DCF Discount rate Other financial assets 14,200,356 DCF Discount rate Financial instruments classified as level 3 : Assets Loans measured at amortized cost 388,019,289 DCF Discount rate, credit spread, prepayment rate Securities measured at amortized cost 88,421 DCF Discount rate Other financial assets 9,188,853 DCF Discount rate W 463,622,473 Financial instruments classified as level 2 : Liabilities Deposits W 180,908,144 DCF Discount rate Borrowings 1,534,611 DCF Discount rate Debt securities issued 46,431,218 DCF Discount rate Other financial liabilities 9,413,875 DCF Discount rate Financial instruments classified as level 3 : Liabilities Deposits 183,821,188 DCF Discount rate Borrowings 41,521,551 DCF Discount rate Debt securities issued 33,726,679 DCF Discount rate, regression coefficient, correlation coefficient Other financial liabilities 20,458,311 DCF Discount rate W 517,815,577 (*) Valuation techniques and inputs are not disclosed when the carrying value is a reasonable approximation of fair value |
Changes in gains or losses on valuation at the transaction | iii) Changes in gains or losses on valuation at the transaction date for the years ended December 31, 2020 and 2021, are as follows: 2020 2021 Beginning balance W (172,859 ) (292,599 ) New transactions (347,030 ) (206,897 ) Recognized in profit for the year 227,290 338,971 Ending balance W (292,599 ) (160,525 ) |
Classification by categories of financial instruments | (f) Classification by categories of financial instruments Financial assets and liabilities are measured at fair value or amortized cost. The financial instruments measured at fair value or amortized costs are measured in accordance with the Group’s valuation methodologies, which are described in Note 4.(e) Measurement of fair value. The carrying values of each category of financial assets and financial liabilities as of December 31, 2020 and 2021 is as follows: 2020 FVTPL FVOCI Amortized cost Derivatives Total Assets: Cash and due from banks at amortized cost W — — 33,410,542 — 33,410,542 Due from banks at fair value through profit or loss 63,112 — — — 63,112 Securities at fair value through profit or loss 57,011,490 — — — 57,011,490 Derivatives assets 5,157,412 — — 476,503 5,633,915 Loans at fair value through profit or loss 2,016,801 — — — 2,016,801 Loans at amortized cost — — 356,221,519 — 356,221,519 Securities at fair value through other comprehensive income — 58,316,112 — — 58,316,112 Securities at amortized cost — — 47,282,623 — 47,282,623 Others — — 20,341,191 — 20,341,191 W 64,248,815 58,316,112 457,255,875 476,503 580,297,305 2020 FVTPL FVTPL Financial Derivatives Total Liabilities: Deposits W — — 326,416,868 — 326,416,868 Financial liabilities at fair value through profit or loss 1,436,694 — — — 1,436,694 Financial liabilities designated at FVTPL — 8,455,724 — — 8,455,724 Derivatives liabilities 4,680,064 — — 336,503 5,016,567 Borrowings — — 41,594,064 — 41,594,064 Debt securities issued — — 75,134,394 — 75,134,394 Others — — 34,129,626 — 34,129,626 W 6,116,758 8,455,724 477,274,952 336,503 492,183,937 2021 FVTPL FVOCI Amortized cost Derivatives Total Assets: Cash and due from banks at amortized cost W — — 28,453,404 — 28,453,404 Due from banks at fair value through profit or loss 34,262 — — — 34,262 Securities at fair value through profit or loss 60,686,153 — — — 60,686,153 Derivatives assets 3,574,126 — — 225,063 3,799,189 Loans at fair value through profit or loss 1,683,344 — — — 1,683,344 Loans at amortized cost — — 389,137,156 — 389,137,156 Securities at fair value through other comprehensive income — 64,838,323 — — 64,838,323 Securities at amortized cost — — 49,930,076 — 49,930,076 Others — — 23,238,932 — 23,238,932 W 65,977,885 64,838,323 490,759,568 225,063 621,800,839 2021 FVTPL FVTPL Financial Derivatives Total Liabilities: Deposits W — — 364,896,675 — 364,896,675 Financial liabilities at fair value through profit or loss 1,369,225 — — — 1,369,225 Financial liabilities designated at FVTPL — 8,023,870 — — 8,023,870 Derivatives liabilities 3,207,755 — — 378,809 3,586,564 Borrowings — — 43,167,065 — 43,167,065 Debt securities issued — — 80,149,363 — 80,149,363 Others — — 29,880,879 — 29,880,879 W 4,576,980 8,023,870 518,093,982 378,809 531,073,641 |
Transfers that do not qualify for derecognition | i) Transfers that do not qualify for derecognition ① Sale of repurchase bonds Among the Group’s sale of repurchase bonds, followings are the details of financial instruments that do not qualify for derecognition because the Group sold under repurchase agreement at a fixed price as of December 31, 2020 and 2021: 2020 2021 Transferred asset: Securities at FVTPL W 8,915,488 9,883,335 Securities at FVOCI 1,638,651 647,541 Securities at amortized cost 205,639 210,490 W 10,759,778 10,741,366 Associated liabilities: Bonds sold under repurchase agreements W 11,075,004 10,709,115 ② Securities loaned If the securities owned by the Group are loaned, the ownership of the securities is transferred, but is required to be returned at the end of the loan period. Therefore, the Group continues to recognize the entire securities loaned as it holds most of the risks and compensation of the securities. Securities loaned as of December 31, 2020 and 2021 are as follows: 2020 2021 Borrowers Government bonds W 3,213,719 9,044,914 Korea Securities Finance Corp., Korea Securities Depository, etc Financial institutions bonds 220,324 209,594 Korea Securities Finance Corp., Korea Securities Depository, etc Equity securities 99,670 8,109 Korea Securities Finance Corp.,etc W 9,262,617 |
Offsetting financial assets and financial liabilities | Financial assets and liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2020 and 2021 are as follows: 2020 Gross amounts of Gross amounts of Net amounts of Related amounts not set off in the Net amount Financial Cash collateral Assets: Derivatives (*1) W 5,361,225 — 5,361,225 4,448,496 314,328 12,129,369 Other financial instruments (*1) 18,033,663 6,502,695 11,530,968 Securities repurchased under repurchase agreements and bonds purchased under repurchase agreements (*2) 13,694,305 — 13,694,305 13,185,633 — 508,672 Securities loaned (*2) 1,202,494 — 1,202,494 1,202,494 — — Domestic exchange settlement debit (*3) 29,911,693 25,785,507 4,126,186 116,290 — 4,009,896 Receivables from disposal of securities (*4) 29,341 3,140 26,201 — — 26,201 Insurance receivables 8,374 — 8,374 5,526 — 2,848 W 68,241,095 32,291,342 35,949,753 18,958,439 314,328 16,676,986 Liabilities: Derivatives (*1)(*5) W 13,153,952 — 13,153,952 5,490,974 1,000 18,500,005 Other financial instruments (*1) 17,340,722 6,502,695 10,838,027 Bonds purchased under repurchase agreements (*2) 11,065,584 — 11,065,584 10,260,684 — 804,900 Securities borrowed (*2) 897,129 — 897,129 897,129 — — Domestic exchange settlement pending (*3) 31,605,249 25,785,507 5,819,742 4,099,248 — 1,720,494 Payable from purchase of securities (*4) 3,148 3,140 8 8 — — Insurance payables 5,742 — 5,742 5,526 — 216 W 74,071,526 32,291,342 41,780,184 20,753,569 1,000 21,025,615 (*1) The Group has certain derivative transactions subject to the ISDA (International Derivatives Swaps and Dealers Association) agreement. According to the ISDA agreement, when credit events (e.g. default) of counterparties occur, all derivative agreements are terminated and set off. At the time of termination, the parties to the transaction will offset the amount of payment or payment to each other, and one party will pay the other party a single amount will be paid to the other party. (*2) Resale and repurchase agreement, securities borrowing and lending agreement are also similar to ISDA agreement with respect to enforceable netting agreements. (*3) The Group has legally enforceable right to set off and settles financial assets and liabilities on a net basis under normal business terms. Therefore, domestic exchanges settlement receivables (payables) are recorded on a net basis in the consolidated statements of financial position. (*4) It is an account that deals with bonds and liabilities based on the settlement of listed stocks traded in the market. The Group currently has a legally enforceable right to set off the recognized amounts and intends to settle on a net basis. Therefore, the net amount is presented in the consolidated statement of financial position. The offset amount of related bonds and liabilities based on the settlement of over-the-counter in-house (*5) As of December 31, 2020, the total amount of financial liabilities includes W W W 2021 Gross amounts of Gross amounts of Net amounts of Related amounts not set off in the Net amount Financial Cash collateral Assets: Derivatives (*1) W 3,821,253 — 3,821,253 9,509,183 409,487 1,775,888 Other financial instruments (*1) 7,873,305 — 7,873,305 Securities repurchased under repurchase agreements and bonds purchased under repurchase agreements (*2) 12,749,800 — 12,749,800 12,618,359 — 131,441 Securities loaned (*2) 2,648,248 — 2,648,248 2,648,248 — — Domestic exchange settlement debit (*3) 44,872,022 38,171,649 6,700,373 — — 6,700,373 Receivables from disposal of securities (*4) 7,082,779 3,477,874 3,604,905 2,668,065 — 936,840 Insurance receivables 70,087 — 70,087 45,849 — 24,238 W 79,117,494 41,649,523 37,467,971 27,489,704 409,487 9,568,780 Liabilities: Derivatives (*1)(*5) W 11,434,081 — 11,434,081 10,093,812 1,000 8,120,313 Other financial instruments (*1) 6,781,044 — 6,781,044 Bonds purchased under repurchase agreements (*2) 10,709,115 — 10,709,115 10,492,779 — 216,336 Securities borrowed (*2) 787,767 — 787,767 787,767 — — Domestic exchange settlement pending (*3) 40,062,057 38,171,649 1,890,408 1,809,727 — 80,681 Payable from purchase of securities (*4) 7,036,630 3,477,874 3,558,756 2,668,767 — 889,989 Insurance payables 45,940 — 45,940 45,849 — 91 W 76,856,634 41,649,523 35,207,111 25,898,701 1,000 9,307,410 (*1) The Group has certain derivative transactions subject to the ISDA (International Derivatives Swaps and Dealers Association) agreement. According to the ISDA agreement, when credit events (e.g. default) of counterparties occur, all derivative agreements are terminated and set off. At the time of termination, the parties to the transaction will offset the amount of payment or payment to each other, and one party will pay the other party a single amount will be paid to the other party. (*2) Resale and repurchase agreement, securities borrowing and lending agreement are also similar to ISDA agreement with respect to enforceable netting agreements. (*3) The Group has legally enforceable right to set off and settles financial assets and liabilities on a net basis under normal business terms. Therefore, domestic exchanges settlement receivables (payables) are recorded on a net basis in the consolidated statements of financial position. (*4) It is an account that deals with bonds and liabilities based on the settlement of listed stocks traded in the market. The Group currently has a legally enforceable right to set off the recognized amounts and intends to settle on a net basis. Therefore, the net amount is presented in the consolidated statement of financial position. The offset amount of related bonds and liabilities based on the settlement of over-the-counter in-house (*5) As of December 31, 2021, the total amount of financial liabilities includes W W W |
The capital ratio of the Group based on Basel III | The capital ratio of the Group based on Basel III is as of December 31, 2020 and 2021 are as follows: 2020 2021 Capital : Tier I common equity capital W 32,461,864 35,469,554 Additional tier 1 capital 3,805,372 4,965,931 Tier I capital 36,267,236 40,435,485 Tier II capital 3,441,841 3,427,951 Total capital (A) W 39,709,077 43,863,436 Total risk-weighted assets (B) W 252,321,426 270,692,183 Capital adequacy ratio (A/B) 15.74 % 16.20 % Tier I capital adequacy ratio 14.37 % 14.94 % Common stock ratio 12.87 % 13.10 % (*) As of December 31, 2021, the Group has maintained an appropriate consolidated equity capital ratio according to the BIS equity capital regulation. |
Investment in subsidiaries (Tab
Investment in subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of subsidiaries [abstract] | |
Condensed financial position for the controlling company and the Group's subsidiaries | (a) The summarized financial information of the controlling company and the Group’s major subsidiaries as of December 31, 2020 and 2021 is as follows: 2020 2021 Investees (*1)(*2) Asset balance Liability balance Equity balance Asset balance Liability balance Equity balance Shinhan Financial Group(separate) W 35,483,914 10,426,817 25,057,097 36,815,893 10,410,517 26,405,376 Shinhan Bank 427,675,103 400,009,589 27,665,514 467,435,213 438,199,575 29,235,638 Shinhan Card Co., Ltd. 34,885,223 28,465,675 6,419,548 38,472,228 31,737,225 6,735,003 Shinhan Investment Corp. 46,632,433 42,258,341 4,374,092 44,446,803 39,421,314 5,025,489 Shinhan Life Insurance Co., Ltd. (*3) 36,777,496 34,232,052 2,545,444 70,535,556 65,382,992 5,152,564 Orange Life Insurance Co., Ltd. (*3) 33,813,587 30,574,073 3,239,514 — — — Shinhan Capital Co., Ltd. 8,901,349 7,710,010 1,191,339 10,921,698 9,189,041 1,732,657 Jeju Bank 6,531,838 6,022,397 509,441 6,944,214 6,428,269 515,945 Shinhan Credit Information Co., Ltd. 27,806 10,826 16,980 31,377 12,334 19,043 Shinhan Alternative Investment Management Inc. 87,053 71,591 15,462 114,973 70,449 44,524 Shinhan Asset Management Co., Ltd. 191,127 20,530 170,597 242,760 40,181 202,579 SHC Management Co., Ltd. 9,644 — 9,644 9,636 — 9,636 Shinhan DS 95,150 70,916 24,234 92,591 52,804 39,787 Shinhan Savings Bank 1,842,231 1,635,433 206,798 2,644,942 2,413,176 231,766 Asia Trust Co., Ltd. 259,899 85,274 174,625 373,267 122,038 251,229 Shinhan AITAS Co., Ltd. 87,378 12,159 75,219 90,116 9,786 80,330 Shinhan REITs Management Co., Ltd. 52,555 8,582 43,973 63,026 10,584 52,442 Shinhan AI Co., Ltd. 42,903 1,890 41,013 44,031 2,563 41,468 Shinhan Venture Investment Co., Ltd. 72,550 12,697 59,853 98,914 23,331 75,583 (*1) The consolidated financial statements of the consolidated subsidiaries are based on consolidated financial statements, if applicable. (*2) Trusts, beneficiary certificates, securitization special limited liability companies, associates and private equity investment specialists that are not actually operating their own business are excluded. (*3) Shinhan Life Insurance Co., Ltd. and Orange Life Insurance Co., Ltd. were merged on July 1, 2021. After the merger, the name is Shinhan Life Insurance Co., Ltd. |
Condensed comprehensive income statement for the controlling company and the Group's subsidiaries | (b) The summarized income information of the controlling company and the Group’s major subsidiaries for the years ended December 31, 2019, 2020 and 2021 is as follows: 2019 2020 2021 Investees (*1)(*2) Operating Income Net Income (*3) Comprehensive Operating Income Net Income (*3) Comprehensive Operating Income Net Income (*3) Comprehensive Shinhan Financial Group (separate) W 1,480,030 1,129,173 1,127,202 1,718,407 1,274,443 1,274,892 1,875,675 1,413,956 1,413,675 Shinhan Bank 23,145,476 2,329,268 2,527,665 25,049,392 2,078,232 1,911,575 23,540,347 2,494,894 2,396,829 Shinhan Card Co., Ltd. 3,892,257 509,032 486,114 4,091,178 606,554 599,451 4,359,627 676,297 710,090 Shinhan Investment Corp. 6,139,926 220,764 225,963 9,290,965 154,531 147,210 7,592,350 320,662 366,000 Shinhan Life Insurance Co., Ltd. 5,413,175 123,870 326,783 5,405,933 177,834 227,596 7,079,569 174,811 (162,161 ) Orange Life Insurance Co., Ltd. (*4) 4,662,085 271,455 433,510 4,456,340 279,282 132,425 2,112,353 216,826 (96,157 ) Shinhan Capital Co., Ltd. 455,246 126,050 123,032 626,455 160,583 162,134 783,890 274,855 275,760 Jeju Bank 239,732 27,934 30,519 214,615 17,521 16,557 204,543 18,446 11,739 Shinhan Credit Information Co., Ltd. 38,648 507 658 42,658 1,493 1,650 42,417 1,936 2,079 Shinhan Alternative Investment Management Inc. 32,401 2,144 2,144 17,219 3,433 3,433 28,010 9,163 9,163 Shinhan Asset Management Co., Ltd. 84,256 23,090 22,655 88,870 26,663 26,663 107,598 32,152 32,066 SHC Management Co., Ltd. 154 82 82 70 5 5 — (7 ) (7 ) Shinhan DS 138,697 2,074 1,292 164,327 1,862 2,845 244,445 4,100 5,653 Shinhan Savings Bank 116,849 23,122 22,972 123,590 26,953 26,888 163,643 30,310 30,037 Asia Trust Co., Ltd. 54,920 18,098 18,128 102,816 45,791 45,765 144,971 76,455 76,604 Shinhan AITAS Co., Ltd. 51,823 10,821 10,821 58,599 13,020 12,954 53,005 9,816 9,816 Shinhan REITs Management Co., Ltd. 7,342 7,414 7,411 12,176 3,764 3,764 16,440 8,481 8,469 Shinhan AI Co., Ltd. 3,088 (654 ) (654 ) 10,246 304 284 12,106 478 455 Shinhan Venture Investment Co., Ltd. (*5) — — — 3,500 (1,146 ) (1,015 ) 32,134 15,929 15,750 (*1) The consolidated financial statements of the consolidated subsidiaries are based on consolidated financial statements, if applicable. (*2) Trusts, beneficiary certificates, securitization special limited liability companies, associates and private equity investment specialists that are not actually operating their own business are excluded. (*3) This amount includes non-controlling (*4) For the Orange Life Insurance Co., Ltd., the amount is from the consolidated statements of operating revenue, net income and comprehensive income for six months before the merger date. (*5) For the acquired company, the amount is from the consolidated statements of comprehensive income for the period after the acquisition point. |
Operating segments (Tables)
Operating segments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
Information of income and expense for each operating segment | (a) Segment information The general descriptions by operating segments as of December 31, 2021 are as follows: Segment Description Banking Credit to customers, lending to and receiving deposits from customers, and their accompanying work Credit card Sales of credit cards, cash services, card loan services, installment financing, lease and their accompanying work Securities Securities trading, consignment trading, underwriting and their accompanying work Life insurance Life insurance business and their accompanying work Credit Facility rental, new technology business financing, others and their accompanying work Others Business segments that do not belong to the above segments, such as real estate trust, investment advisory services, venture business investment and other remaining business (b) The following tables provide information of income and expense for each operating segment for the years ended December 31, 2019, 2020 and 2021: 2019 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income W 5,989,462 1,753,966 457,852 1,647,795 127,094 470 (238,675 ) 9,737,964 Net fees and commission income 950,389 403,259 351,303 167,324 11,160 261,084 (4,000 ) 2,140,519 Reversal of (provision for) allowance for credit loss (389,004 ) (566,415 ) 1,325 (797 ) 747 (25,777 ) (771 ) (980,692 ) General and administrative expenses (3,177,158 ) (745,848 ) (511,418 ) (443,013 ) (47,734 ) (287,356 ) 77,853 (5,134,674 ) Other income (expense), net (211,882 ) (33,204 ) (59,006 ) (786,103 ) 64,273 64,999 244,056 (716,867 ) Operating income 3,161,807 811,758 240,056 585,206 155,540 13,420 78,463 5,046,250 Equity method income (loss) (764 ) — 18,163 (1,296 ) 11,886 379 24,919 53,287 Income tax expense 718,650 205,863 68,311 187,608 40,009 33,204 15,479 1,269,124 Profit for the year W 2,256,652 609,582 220,764 395,325 126,050 (25,791 ) 59,802 3,642,384 Controlling interest W 2,256,576 609,350 220,850 395,325 126,050 (25,791 ) (178,863 ) 3,403,497 Non-controlling 76 232 (86 ) — — — 238,665 238,887 2020 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income W 6,037,632 1,755,039 517,044 1,608,953 158,817 7,805 (202,590 ) 9,882,700 Net fees and commission income 822,408 483,486 544,183 162,284 21,346 347,004 2,222 2,382,933 Reversal of (provision for) allowance for credit loss (690,084 ) (483,883 ) (111,796 ) (12,236 ) (63,429 ) (22,522 ) 1,771 (1,382,179 ) General and administrative expenses (3,237,641 ) (698,796 ) (565,485 ) (463,439 ) (58,494 ) (314,097 ) 125,479 (5,212,473 ) Other income (expense), net (130,488 ) (169,304 ) (11,348 ) (727,530 ) 120,735 140,138 36,552 (741,245 ) Operating income 2,801,827 886,542 372,598 568,032 178,975 158,328 (36,566 ) 4,929,736 Equity method income (loss) (811 ) — 37,760 (1,244 ) 32,133 (2,489 ) 94,184 159,533 Income tax expense 673,972 251,357 48,464 156,698 49,211 44,883 31,210 1,255,795 Profit for the year W 1,999,002 703,305 154,531 457,116 160,583 112,992 (89,453 ) 3,498,076 Controlling interest W 1,998,563 703,204 154,772 457,116 160,583 112,992 (172,635 ) 3,414,595 Non-controlling 439 101 (241 ) — — — 83,182 83,481 2021 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income W 6,738,165 1,799,153 517,296 1,620,266 231,679 68,991 (206,225 ) 10,769,325 Net fees and commission income 818,426 634,716 601,793 170,781 28,812 415,212 5,257 2,674,997 Reversal of (provision for) allowance for credit loss (364,291 ) (442,668 ) (80,134 ) (21,760 ) (34,064 ) (35,421 ) 3,653 (974,685 ) General and administrative expenses (3,409,144 ) (790,733 ) (696,278 ) (557,292 ) (80,056 ) (366,149 ) 156,564 (5,743,088 ) Other income (expense), net (305,508 ) (179,695 ) 234,209 (660,416 ) 194,564 177,912 (235,519 ) (774,453 ) Operating income 3,477,648 1,020,773 576,886 551,579 340,935 260,545 (276,270 ) 5,952,096 Equity method income (loss) 25,401 (1,109 ) 65,341 (739 ) 29,644 16,201 23,861 158,600 Income tax expense 821,201 266,798 94,864 139,106 94,329 71,120 (16,382 ) 1,471,036 Profit for the year W 2,417,880 771,757 320,662 391,637 274,855 205,880 (270,043 ) 4,112,628 Controlling interest W 2,417,361 770,457 320,783 391,637 274,855 205,880 (361,719 ) 4,019,254 Non-controlling 519 1,300 (121 ) — — — 91,676 93,374 (c) Interest gains and losses from segment external customers and cross-sector interest gains and losses for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income from: External customers (*) W 5,995,097 1,781,266 450,268 1,647,988 137,179 (34,018 ) (239,816 ) 9,737,964 Internal transactions (5,635 ) (27,300 ) 7,584 (193 ) (10,085 ) 34,488 1,141 — W 5,989,462 1,753,966 457,852 1,647,795 127,094 470 (238,675 ) 9,737,964 2020 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income from: External customers (*) W 6,037,205 1,809,149 526,167 1,605,575 169,192 (54,902 ) (209,686 ) 9,882,700 Internal transactions 427 (54,110 ) (9,123 ) 3,378 (10,375 ) 62,707 7,096 — W 6,037,632 1,755,039 517,044 1,608,953 158,817 7,805 (202,590 ) 9,882,700 2021 Banking Credit card Securities Life Credit Others Consolidation Total Net interest income from: External customers (*) W 6,741,279 1,849,209 534,969 1,617,186 241,035 781 (215,134 ) 10,769,325 Internal transactions (3,114 ) (50,056 ) (17,673 ) 3,080 (9,356 ) 68,210 8,909 — W 6,738,165 1,799,153 517,296 1,620,266 231,679 68,991 (206,225 ) 10,769,325 (*) Consolidated adjustment to net interest income from external customers is from the securities and others which were measured in fair values as a part of business combination accounting. (d) The following tables provide information of net fees and commission income (expense) of each operating segment for the years ended December 31, 2019, 2020 and 2021. 2019 Banking Credit card Securities Life Credit Others Consolidation Total Net fees and commission income from: External customers W 974,636 436,523 361,526 175,171 12,241 180,422 — 2,140,519 Internal transactions (24,247 ) (33,264 ) (10,223 ) (7,847 ) (1,081 ) 80,662 (4,000 ) — W 950,389 403,259 351,303 167,324 11,160 261,084 (4,000 ) 2,140,519 2020 Banking Credit card Securities Life Credit Others Consolidation Total Net fees and commission income from: External customers W 859,225 531,394 553,308 173,865 22,381 242,760 — 2,382,933 Internal transactions (36,817 ) (47,908 ) (9,125 ) (11,581 ) (1,035 ) 104,244 2,222 — W 822,408 483,486 544,183 162,284 21,346 347,004 2,222 2,382,933 2021 Banking Credit card Securities Life Credit Others Consolidation Total Net fees and commission income from: External customers W 863,879 681,129 615,414 181,345 27,351 305,879 — 2,674,997 Internal transactions (45,453 ) (46,413 ) (13,621 ) (10,564 ) 1,461 109,333 5,257 — W 818,426 634,716 601,793 170,781 28,812 415,212 5,257 2,674,997 |
Financial information of geographical area | (e) Financial information of geographical area The following table provides information of income from external consumers by geographical area for the years ended December 31, 2019, 2020 and 2021. 2019 2020 2021 Domestic W 4,378,239 4,436,252 5,404,278 Overseas 668,011 493,484 547,818 W 5,046,250 4,929,736 5,952,096 The following table provides information of non-current 2020 2021 Domestic W 9,734,468 10,029,650 Overseas 351,083 336,687 W 10,085,551 10,366,337 (*) Non-current |
Cash and due from banks at am_2
Cash and due from banks at amortized cost (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Cash and Due from banks at amortized cost [Abstract] | |
Cash and Due from banks at amortized cost | (a) Cash and due from banks at amortized cost as of December 31, 2020 and 2021 are as follows: 2020 2021 Cash and cash equivalents Cash W 1,782,301 4,194,831 Cash equivalents 22,979 26,560 1,805,280 4,221,391 Deposits denominated in Korean won: Reserve deposits 16,957,521 9,851,064 Time deposits 950,624 892,053 Other 3,953,337 2,701,873 21,861,482 13,444,990 Deposits denominated in foreign currency: Deposits 5,576,206 6,731,190 Time deposits 2,721,849 2,148,955 Other 1,455,732 1,924,601 9,753,787 10,804,746 Allowance for credit losses (10,007 ) (17,723 ) W 33,410,542 28,453,404 |
Restricted due from banks at amortized cost | (b) Restricted due from banks at amortized cost as of December 31, 2020 and 2021 are as follows: 2020 2021 Related Regulations or Acts Deposits denominated in Korean won: Reserve deposits W 16,957,521 9,851,064 Article 55 of the Bank of Korea Act Other 2,390,761 1,174,670 Article 28 and 70 of the Bank of Korea Act, Article 74 of the Capital Markets and Financial Investment Business Act, etc. 19,348,282 11,025,734 Deposits denominated in foreign currency 2,621,129 2,870,908 Articles of the Bank of Korea Act, New York State Banking Act, derivatives, etc. W 21,969,411 13,896,642 |
Financial assets at fair valu_2
Financial assets at fair value through profit or loss (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Financial assets at fair value through profit or loss [abstract] | |
Financial assets at fair value through profit or loss | (a) Financial assets at fair value through profit or loss as of December 31, 2020 and 2021 are as follows: 2020 2021 Debt instruments: Governments W 4,248,448 3,961,045 Financial institutions 13,997,922 13,449,550 Corporations 9,356,842 9,618,302 Stocks with put option 583,590 627,275 Equity investment with put option 1,860,195 2,625,297 Beneficiary certificates 12,451,709 13,386,212 Commercial papers 6,369,854 7,042,045 CMA 2,806,485 3,591,822 Others (*) 3,411,647 3,925,599 55,086,692 58,227,147 Equity instruments: Stocks 1,627,020 2,182,829 Equity investment 1,697 12,962 Others 107,742 179,524 1,736,459 2,375,315 W 56,823,151 60,602,462 Other: Loans at FVTPL W 2,016,801 1,683,344 Due from banks at fair value 63,112 34,262 Gold/silver deposits 188,339 83,691 W 59,091,403 62,403,759 (*) As of December 31, 2020 and 2021, restricted reserve for claims of customers’ deposits (trusts) are W W |
Financial assets to which overlay approach are applied in accordance with IFRS 9 'Financial Instruments' and IFRS 4 'Insurance Contracts' | (b) Financial assets to which overlay approach are applied in accordance with IFRS 9 ‘Financial Instruments’ ‘Insurance Contracts’ 2020 2021 Due from banks at fair value through profit or loss W 63,112 34,262 Securities at fair value through profit or loss 4,865,908 4,903,275 W 4,929,020 4,937,537 |
Reclassified amounts between profit or loss and other comprehensive income due to the overlay approach | The reclassified amounts between profit or loss and other comprehensive income due to the overlay approach as of and for the years ended December 31, 2020 and 2021 are as follows: 2020 Profit or loss Other comprehensive By IFRS 9 By IAS 39 Amount Tax effect Net gain (loss) on valuation of financial W 123,808 (21,488 ) 145,301 (39,958 ) Net gain (loss) on disposal of financial 53,806 62,926 (9,120 ) 2,508 Net gain (loss) on foreign currency conversion of financial assets at fair value through profit or loss 74 — 74 (20 ) W 177,688 41,438 136,255 (37,470 ) (*) The amount of the policyholders equity adjustment for the reclassification of other comprehensive income is W 2021 Profit or loss Other comprehensive By IFRS 9 By IAS 39 Amount Tax effect Net gain (loss) on valuation of financial W 130,170 83,288 46,882 (12,893 ) Net gain (loss) on disposal of financial (2,668 ) 87,217 (89,885 ) 24,719 W 127,502 170,505 (43,003 ) 11,826 (*) The amount of the policyholders equity adjustment for the reclassification of other comprehensive income is W |
Derivatives (Tables)
Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about hedges [abstract] | |
Notional amounts of derivatives | (a) The notional amounts of derivatives outstanding as of December 31, 2020 and 2021 are as follows: 2020 2021 Foreign currency related: Over the counter: Currency forwards W 117,566,233 146,169,864 Currency swaps 33,562,251 36,548,884 Currency options 2,501,983 2,270,594 153,630,467 184,989,342 Exchange traded: Currency futures 1,102,534 641,104 154,733,001 185,630,446 Interest rates related: Over the counter: Interest rate forwards and swaps 36,205,843 35,518,719 Interest rate options 324,238 258,460 36,530,081 35,777,179 Exchange traded: Interest rate futures 2,465,374 3,293,821 Interest rate options — 54,890 Interest rate swaps (*) 68,475,400 72,898,275 70,940,774 76,246,986 107,470,855 112,024,165 Credit related: Over the counter: Credit swaps 4,536,626 4,737,329 Equity related: Over the counter: Equity swaps and forwards 2,628,661 2,073,995 Equity options 508,686 677,824 3,137,347 2,751,819 Exchange traded: Equity futures 1,638,126 1,678,070 Equity options 4,277,882 3,298,673 5,916,008 4,976,743 9,053,355 7,728,562 2020 2021 Commodity related: Over the counter: Commodity swaps and forwards W 537,351 789,930 Commodity options — 11,500 537,351 801,430 Exchange traded: Commodity futures and options 263,460 158,550 800,811 959,980 Hedge: Currency forwards 1,281,945 1,279,598 Currency swaps 4,328,333 3,726,939 Interest rate forwards and swaps 7,844,392 8,695,960 13,454,670 13,702,497 W 290,049,318 324,782,979 (*) The notional amounts of derivatives outstanding those will be settled in the ‘Central Counter Party (CCP)’ system. |
Fair value of derivative instruments | (b) Fair values of derivative instruments as of December 31, 2020 and 2021 are as follows: 2020 2021 Assets Liabilities Assets Liabilities Foreign currency related: Over the counter: Currency forwards W 3,135,319 3,021,258 2,183,315 1,797,419 Currency swaps 1,145,619 979,022 651,292 748,302 Currency options 33,253 31,871 12,218 11,591 4,314,191 4,032,151 2,846,825 2,557,312 Exchange traded: Currency futures 90 186 12 210 4,314,281 4,032,337 2,846,837 2,557,522 Interest rates related: Over the counter: Interest rate forwards and swaps 311,403 363,297 166,855 303,227 Interest rate options 2,148 2,217 3,748 611 313,551 365,514 170,603 303,838 Exchange traded: Interest rate futures 900 422 1,701 1,828 Interest rate options — — 83 — 900 422 1,784 1,828 314,451 365,936 172,387 305,666 2020 2021 Assets Liabilities Assets Liabilities Credit related: Over the counter: Credit swaps W 273,578 29,682 493,829 65,103 Equity related: Over the counter: Equity swap and forwards 122,034 48,218 28,803 69,880 Equity options 2,750 9,840 3,884 8,671 124,784 58,058 32,687 78,551 Exchange traded: Equity futures 34,816 7,711 817 19,903 Equity options 77,973 153,461 6,324 167,237 112,789 161,172 7,141 187,140 237,573 219,230 39,828 265,691 Commodity related: Over the counter: Commodity swaps and forwards 5,949 32,693 18,557 3,149 Commodity options — — — 8,406 5,949 32,693 18,557 11,555 Exchange traded: Commodity futures and options 11,580 186 2,688 2,218 17,529 32,879 21,245 13,773 Hedge: Currency forwards 91,747 10,507 106 46,139 Currency swaps 65,256 186,150 63,560 79,407 Interest rate forwards and swaps 319,500 139,846 161,397 253,263 476,503 336,503 225,063 378,809 W 5,633,915 5,016,567 3,799,189 3,586,564 |
Gain or loss on valuation of derivatives | (c) Gain or loss on valuation of derivatives for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Foreign currency related Over the counter Currency forwards W 174,340 (108,854 ) 268,310 Currency swaps (24,827 ) 210,072 (201,500 ) Currency options 4,056 4,979 2,007 153,569 106,197 68,817 Exchange traded Currency futures — (96 ) (199 ) 153,569 106,101 68,618 2019 2020 2021 Interest rates related Over the counter Interest rate forwards and swaps W (75,349 ) (73,926 ) (142,703 ) Interest rate options (1,938 ) (372 ) 792 (77,287 ) (74,298 ) (141,911 ) Exchange traded Interest rate futures 1,008 4,236 (4 ) (76,279 ) (70,062 ) (141,915 ) Credit related Over the counter Credit swaps 213,754 7,255 192,729 Equity related Over the counter Equity swap and forwards 46,770 (15,979 ) (176,430 ) Equity options (841 ) (2,082 ) 3,307 45,929 (18,061 ) (173,123 ) Exchange traded Equity futures (2,275 ) 26,305 (19,408 ) Equity options 58,721 196,288 32,555 56,446 222,593 13,147 102,375 204,532 (159,976 ) Commodity related Over the counter Commodity swaps and forwards 3,191 (13,519 ) (19,097 ) Commodity options 29 — (4,956 ) 3,220 (13,519 ) (24,053 ) Exchange traded Commodity futures (7,759 ) 11,374 469 (4,539 ) (2,145 ) (23,584 ) Hedge 332,778 120,700 (203,563 ) W 721,658 366,381 (267,691 ) |
Gain or loss on fair value hedges | i) Gains(losses) on fair value hedged items and hedging instruments attributable to the hedged ineffectiveness for the years ended December 31, 2020 and 2021 are as follows: 2020 Losses on Gains on Hedge ineffectiveness Fair value hedges: Interest rate swaps (*1) W (228,266 ) 233,008 4,742 Foreign exchange risk (*1) (21,336 ) 12,071 (9,265 ) W (249,602 ) 245,079 (4,523 ) 2021 Gains on Losses on Hedge ineffectiveness Fair value hedges: Interest rate swaps (*1) W 273,219 (281,649 ) (8,430 ) Foreign exchange risk (*1) 26,547 (32,829 ) (6,282 ) W 299,766 (314,478 ) (14,712 ) (*1) The related account categories are presented as interest rate swap assets / liabilities and currency swap assets. (*2) Ineffective portion of hedge: the difference between hedging instruments and hedged items. |
Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year | ii) Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year, the amounts recognized in the income statement and other comprehensive income are as follows: 2020 Gains (losses) on hedges Hedge ineffectiveness From cash flow hedge Cash flow hedges: Interest rate risk (*1) W (3,220 ) (343 ) — Foreign exchange risk (*1) (16,693 ) (6,539 ) 26,405 Discontinuation of cash flow hedges (45 ) — 45 Hedge of net investments: Foreign exchange risk (*1) 44,049 (2,134 ) — W 24,091 (9,016 ) 26,450 2021 Gains (losses) on hedges Hedge ineffectiveness From cash flow hedge Cash flow hedges: Interest rate risk (*1) W 15,492 (49,882 ) — Foreign exchange risk (*1) 14,439 (14,955 ) 24,464 Discontinuation of cash flow hedges — — 8,799 Hedge of net investments: Foreign exchange risk (*1) (74,525 ) (2,094 ) — W (44,594 ) (66,931 ) 33,263 (*1) The related account categories are presented as interest rate swap assets / liabilities and currency swap assets / liabilities, currency forwards assets / liabilities and borrowings. (*2) Ineffective portion of hedge: The difference between hedging instruments and hedged items. |
Nominal amounts and average hedge ratios for hedging instruments | ii) Nominal amounts and average hedge ratios for hedging instruments as of December 31, 2020 and 2021 are as follows: 2020 Less than 1~2 2~3 3~4 4~5 More than 5 Total Interest risk: Nominal values: W 657,656 640,992 1,217,588 456,688 247,244 4,624,224 7,844,392 Average price condition (*1) 1.12 % 0.88 % 1.30 % 0.98 % 0.67 % 0.38 % 0.67 % Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % Exchange risk: (*2) Nominal values: 2,340,409 1,448,787 1,734,593 457,199 575,527 250,014 6,806,529 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % (*1) Interest rate swaps consist of 3M CD, 3M USD Libor, 3M Euribor, and 3M AUD Bond. (*2) The average exchange rates of net investment hedge instruments are USD/KRW 1,154.76, JPY/KRW 10.61, EUR/KRW 1,287.16, GBP/KRW 1,480.30, AUD/KRW 800.67, CAD/KRW 895.95, SGD/KRW 847.09, CNY/KRW 168.84, SEK/KRW 124.60 2021 Less than 1~2 2~3 3~4 4~5 More than 5 Total Interest risk: Nominal values: W 693,057 1,256,392 641,413 158,833 1,589,729 4,356,536 8,695,960 Average price condition (*1) 0.88 % 1.21 % 1.30 % 1.00 % 1.00 % 0.66 % 0.87 % Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % Exchange risk: (*2) Nominal values: 2,328,042 2,164,591 568,991 699,433 480,878 22,525 6,264,460 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % (*1) Interest rate swaps consist of 3M CD, 3M USD Libor, 3M Euribor, and 3M AUD Bond. (*2) The average exchange rates of net investment hedge instruments are USD/KRW 1,143.95, JPY/KRW 10.53, EUR/KRW 1,288.52, GBP/KRW 1,484.00, AUD/KRW 817.06, CAD/KRW 868.95, SGD/KRW 859.87, CNY/KRW 174.40, SEK/KRW 124.85 |
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity | iii) Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity 2020 Nominal amount Carrying value Carrying value Changes in fair Fair value hedges Interest rate swap W 6,965,492 319,294 120,728 181,151 Currency swap — — 67 985 Currency forward 254,023 20,093 66 24,481 Cash flow hedge Interest rate swap 878,900 206 19,118 3,303 Currency swap 4,328,333 65,256 186,083 (8,560 ) Currency forward 810,322 60,473 — (4,181 ) Hedge of net investments in foreign operations Currency forward 217,600 11,181 10,441 (2,991 ) Borrowings 1,196,252 — 1,193,269 44,907 (*) The related account categories are presented as interest rate swap assets / liabilities and currency forward assets and liabilities. 2021 Nominal amount Carrying value Carrying value Changes in fair Fair value hedges Interest rate swap W 7,079,468 156,710 236,758 (277,450 ) Currency forward 176,369 — 4,995 (8,835 ) Cash flow hedge Interest rate swap 1,616,492 4,687 16,505 23,257 Currency swap 3,726,939 63,560 79,407 156,271 Currency forward 866,129 106 31,486 (63,659 ) Hedge of net investments in foreign operations Currency forward 237,100 — 9,658 (14,948 ) Borrowings 1,257,923 — 1,256,241 (61,672 ) (*) The related account categories are presented as interest rate swap assets / liabilities and currency forward assets and liabilities. |
Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity | iv) Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity 2020 Carrying Carrying Assets of Liabilities of Changes if Cash flow Foreign Fair value hedges Interest rate risk Borrowings and others W 143,496 6,750,929 6,563 193,452 (175,369 ) — — Foreign exchange risk Securities in foreign currency 342,205 — — — (26,927 ) — — Cash flow hedge Interest rate risk Debentures in won and debentures in foreign currency 617,463 1,674,460 — — 2,296 60,659 — Foreign exchange risk Debentures in foreign currency and loans in foreign currency 3,264,740 2,962,041 — — (58,557 ) (32,001 ) — Hedge of net investments in foreign operations Foreign exchange risk Net assets in foreign operation — — — — 44,049 — (141,151 ) (*) The related account categories are presented as interest rate swap assets / liabilities and currency forwards. 2021 Carrying Carrying Assets of Liabilities of Changes if Cash flow Foreign Fair value hedges Interest rate risk Borrowings and others W 704,942 6,370,330 6,207 (85,441 ) 274,005 — — Foreign exchange risk Securities in foreign currency 415,693 — — — 23,109 — — Cash flow hedge Interest rate risk Debentures in won and debentures in foreign currency 607,062 1,714,303 — — 22,432 67,553 — Foreign exchange risk Debentures in foreign currency and loans in foreign currency 2,848,303 2,782,574 — — 336,281 (19,296 ) — Hedge of net investments in foreign operations Foreign exchange risk Net assets in foreign operation — — — — 74,525 — (66,626 ) (*) The related account categories are presented as interest rate swap assets / liabilities and currency forwards. |
Hedge relationships affected by an interest rate index | (f) Hedge relationships affected by an interest rate index The revised Standard requires exceptions to the analysis of future information in relation to the application of hedge accounting, while uncertainty exists due to movements of the interest rate indicator reform. The exception assumes that when assessing whether the expected cash flows that comply with existing interest rate indicators are highly probable, whether there is an economic relationship between the hedged item and the hedging instrument, and whether there is a high hedge effectiveness between the hedged item and the hedging instrument, the interest rate indicators that are based on the hedged item do not change due to the effect of the interest rate index reform. The nominal amount of the hedging instrument related to the interest rate index exposed to the hedging relationship due to the Group’s reform of the interest rate index as of December 31, 2021 is as follows: Interest rate index Carrying value of Carrying value of Nominal amount of KRW 3M CD (*1) W — 2,509,045 2,580,000 USD 1M LIBOR (*2) — 241,192 241,842 USD 3M LIBOR(*1),(*2) 539,197 3,589,452 4,187,018 EURIBOR 1M — 220,992 221,050 EURIBOR 3M 25,094 267,830 293,972 W 564,291 6,828,511 7,523,882 (*1) Include nominal amount of the hedging instrument related to the CMS(Constant Maturity Swap) calculated based on the CD and LIBOR rate. (*2) Exclude the nominal amount that will mature before the end of June 30, 2023, when LIBOR interest rate calculation is discontinued. The USD LIBOR interest rate will be replaced by a Secured Overnight Financing Rate (SOFR) based on the actual transactions, and the EUR LIBOR interest rate will be replaced by an overnight unsecured rate, Euro Short-Term Rate (ESTER). From November 2021, the “Korea Overnight Financing Repo Rate (KOFR)” has been calculated and disclosed in line with global interest rate benchmark reform, and it is likely to be used as an alternative rate for CD rates. The Group has assumed that in this hedging relationship, the spread which has changed based on SOFR, ESTER and RFR would be similar to the spreads of interest rate swap and interest rate forward used as the hedging instrument. Besides this, the Group did not make assumptions on further changes of conditions. |
Securities at fair value thro_2
Securities at fair value through other comprehensive income and securities at amortized cost (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Securities at fair value through other comprehensive income and securities at amortized cost [Abstract] | |
Securities at fair value through other comprehensive income and securities at amortized cost | (a) Details of securities at FVOCI and securities at amortized cost as of December 31, 2020 and 2021 are as follows: 2020 2021 Securities at FVOCI: Debt securities: Government bonds W 19,370,393 25,687,070 Financial institutions bonds 20,053,716 19,702,292 Corporate bonds and others 17,985,324 18,417,557 57,409,433 63,806,919 Equity securities (*): Stocks 777,901 922,579 Equity investments 4,445 4,118 Others 124,333 104,707 906,679 1,031,404 58,316,112 64,838,323 Securities at amortized cost: Debt securities: Government bonds 31,816,320 34,679,301 Financial institutions bonds 3,835,577 3,423,536 Corporate bonds and others 11,630,726 11,827,239 47,282,623 49,930,076 W 105,598,735 114,768,399 (*) Equity securities in the above table are classified as other comprehensive income—equity securities designated as fair value items, and other comprehensive income and fair value options are exercised for the purpose of holding as required by the policy. |
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost | (b) Changes in carrying value of debt securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2020 and 2021 are as follows: 2020 Debt securities at fair value through other Debt at amortized cost 12-month Life time credit loss Total 12-month credit loss Life time credit loss Total Beginning balance W 58,334,000 239,094 58,573,094 45,568,563 23,272 45,591,835 Transfer (from)to 12-month 30,233 (30,233 ) — — — — Transfer (from)to life time expected credit loss (83,132 ) 83,132 — — — — Net increase and decrease (*) (1,138,803 ) (24,858 ) (1,163,661 ) 1,724,546 (23,272 ) 1,701,274 Ending balance W 57,142,298 267,135 57,409,433 47,293,109 — 47,293,109 2021 Debt securities at fair value through other Debt securities at amortized cost 12-month credit loss Life time credit loss Total 12-month credit loss Life time credit loss Total Beginning balance W 57,142,298 267,135 57,409,433 47,293,109 — 47,293,109 Transfer (from)to 12-month 51,055 (51,055 ) — — — — Transfer (from)to life time expected credit loss (35,665 ) 35,665 — (35,505 ) 35,505 — Net increase and decrease (*) 6,496,445 (98,959 ) 6,397,486 2,653,129 785 2,653,914 Ending balance W 63,654,133 152,786 63,806,919 49,910,733 36,290 49,947,023 (*) Included the effects from changes in purchase, disposal, repayment, foreign exchange rate, amortization of fair value adjustments recognized through business combination accountings. |
Changes in allowance for credit loss of securities at fair value through other comprehensive income and securities at amortized cost | (c) Changes in allowance for credit loss of debt securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2020 and 2021 are as follows: 2020 Debt securities at fair value through Debt securities at amortized cost 12 months Life time Total 12 months Life time Total Beginning balance W 27,581 655 28,236 9,759 11 9,770 Transfer (from)to 12-month 22 (22 ) — — — — Transfer (from)to life time expected credit loss (193 ) 193 — — — — Provision (reversal) 3,480 349 3,829 1,086 (11 ) 1,075 Disposal and others (*) (8,397 ) (497 ) (8,894 ) (359 ) — (359 ) Ending balance W 22,493 678 23,171 10,486 — 10,486 2021 Debt securities at fair value through Debt securities at amortized cost 12 months Life time Total 12 months Life time Total Beginning balance W 22,493 678 23,171 10,486 — 10,486 Transfer (from)to 12-month 33 (33 ) — — — — Transfer (from)to life time expected credit loss (63 ) 63 — (216 ) 216 — Provision (reversal) 19,722 (25 ) 19,697 5,065 240 5,305 Disposal and others (*) (5,302 ) (80 ) (5,382 ) 1,149 7 1,156 Ending balance W 36,883 603 37,486 16,484 463 16,947 (*) Included the effects from changes in foreign exchange rate, debt restructuring, investment conversion. |
Gain or loss on disposal of securities at fair value through other comprehensive income and securities at amortized cost | (d) Gain or loss on disposal of securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Gain on disposal of securities at FVOCI W 301,920 131,189 Loss on disposal of securities at FVOCI (28,127 ) (45,593 ) Gain on disposal of securities at amortized cost (*) 42 24 Loss on disposal of securities at amortized cost (*) (67 ) (343 ) W 273,768 85,277 (*) The issuers of those securities have exercised the early redemption options and the others. |
Income or loss on equity securities at fair value through other comprehensive income | (e) Income or loss on equity securities at fair value through other comprehensive income i) The Group recognizes dividends, amounting to W W ii) The details of disposal of equity securities at fair value through other comprehensive income for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Stocks acquired by Fair value at the date of disposal W 69,969 84,624 Cumulative net gain at the time of disposal (38,380 ) (42,058 ) (*) The reason for the disposal is the disposal of stocks acquired by investment conversion. |
Loans at amortized cost, etc. (
Loans at amortized cost, etc. (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Loans at amortized cost and other assets [Abstract] | |
Loans at amortized cost and other assets | (a) Loans at amortized cost for configuration by customer as of December 31, 2020 and 2021 are as follows: 2020 2021 Retail loans W 146,789,916 159,006,999 Corporate loans 179,011,251 199,465,807 Public and other loans 3,734,629 3,468,917 Loans between banks 5,492,400 3,849,565 Credit card receivables 23,759,422 25,999,576 358,787,618 391,790,864 Discount (21,948 ) (30,001 ) Deferred loan origination costs 516,815 543,361 359,282,485 392,304,224 Less: Allowance for credit loss (3,060,966 ) (3,167,068 ) W 356,221,519 389,137,156 |
Changes in loans at amortized cost, etc. | (b) Changes in carrying value of loans at amortized cost, etc. as of December 31, 2020 and 2021 are as follows: i) Loans at amortized cost 2020 Retail Corporate Credit card Others 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired Total Beginning balance W 126,586,551 7,870,908 415,892 135,591,673 24,661,662 1,001,587 19,419,606 4,124,576 444,235 5,167,393 629,468 16,263 325,929,814 Transfer (from) to 12 months expected credit losses 2,891,847 (2,885,809 ) (6,038 ) 6,009,242 (6,006,226 ) (3,016 ) 351,253 (350,651 ) (602 ) 15,976 (15,976 ) — — Transfer (from) to lifetime expected credit losses (3,916,612 ) 3,944,714 (28,102 ) (9,015,428 ) 9,027,416 (11,988 ) (571,971 ) 572,291 (320 ) (85,337 ) 85,337 — — Transfer (from) to credit- impaired financial assets (189,681 ) (157,637 ) 347,318 (195,863 ) (441,969 ) 637,832 (114,388 ) (191,777 ) 306,165 (3,964 ) (37 ) 4,001 — Net increase and decrease (*1) 13,457,675 (556,142 ) 81,131 20,679,401 (1,030,466 ) 15,944 (115,242 ) (202,750 ) 290,907 3,311,105 (33,596 ) 2,402 35,900,369 Charge off (*2) — — (254,723 ) — — (317,514 ) — — (572,008 ) — — (2,531 ) (1,146,776 ) Disposal (313,150 ) (897 ) (89,051 ) (731,001 ) — (264,913 ) — — — — — (1,910 ) (1,400,922 ) Ending balance W 138,516,630 8,215,137 466,427 152,338,024 26,210,417 1,057,932 18,969,258 3,951,689 468,377 8,405,173 665,196 18,225 359,282,485 (*1) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (*2) The amount of uncollected loans currently in recovery (principal and interest) is W ii) Due from banks at amortized cost and other financial assets 2020 12 month Life time credit loss Impaired Total Beginning balance W 43,245,002 106,517 45,965 43,397,484 Transfer (from) to 12 month expected credit losses 15,157 (15,123 ) (34 ) — Transfer (from) to lifetime expected credit losses (25,839 ) 25,848 (9 ) — Transfer (from) to credit- impaired financial assets (1,628 ) (7,342 ) 8,970 — Net increase and decrease (*) 8,633,124 (10,001 ) 30,490 8,653,613 Charge off — — (26,814 ) (26,814 ) Disposal — — (910 ) (910 ) Business combination(Note 47) 15,982 — — 15,982 Ending balance W 51,881,798 99,899 57,658 52,039,355 (*) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. i) Loans at amortized cost 2021 Retail Corporate Credit card Others 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired Total Beginning balance W 138,516,630 8,215,137 466,427 152,338,024 26,210,417 1,057,932 18,969,258 3,951,689 468,377 8,405,173 665,196 18,225 359,282,485 Transfer (from) to 12 months expected credit losses 3,200,712 (3,192,315 ) (8,397 ) 6,566,663 (6,494,160 ) (72,503 ) 390,658 (390,593 ) (65 ) 43,343 (43,343 ) — — Transfer (from) to lifetime expected credit losses (3,482,541 ) 3,516,278 (33,737 ) (9,636,590 ) 9,659,114 (22,524 ) (674,961 ) 675,063 (102 ) (94,270 ) 94,272 (2 ) — Transfer (from) to credit- impaired financial assets (194,192 ) (134,008 ) 328,200 (230,972 ) (322,361 ) 553,333 (110,704 ) (158,036 ) 268,740 (896 ) (2 ) 898 — Net increase and decrease (*1) 12,821,174 (255,318 ) 38,153 20,922,205 (222,364 ) (146,801 ) 2,772,167 88,680 287,576 (1,810,906 ) (47,466 ) (108 ) 34,446,992 Charge off (*2) — — (279,789 ) — — (299,661 ) — — (566,944 ) — — (1,218 ) (1,147,612 ) Disposal — (724 ) (53,241 ) (84,433 ) (180 ) (139,019 ) — — — — — (44 ) (277,641 ) Ending balance W 150,861,783 8,149,050 457,616 169,874,897 28,830,466 930,757 21,346,418 4,166,803 457,582 6,542,444 668,657 17,751 392,304,224 (*1) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (*2) The amount of uncollected loans currently in recovery (principal and interest) is W ii) Due from banks at amortized cost and other financial assets 2021 12 month Life time credit loss Impaired Total Beginning balance W 51,881,798 99,899 57,658 52,039,355 Transfer (from) to 12 month expected credit losses 13,111 (13,079 ) (32 ) — Transfer (from) to lifetime expected credit losses (29,026 ) 29,048 (22 ) — Transfer (from) to credit- impaired financial assets (1,049 ) (11,797 ) 12,846 — Net increase and decrease (*) (4,315,675 ) 580 37,428 (4,277,667 ) Charge off — — (27,929 ) (27,929 ) Disposal — (1 ) (855 ) (856 ) Ending balance W 47,549,159 104,650 79,094 47,732,903 (*) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. |
Changes in allowances for credit loss of loans at amortized cost and other assets | (c) Changes in allowance for credit loss of loans at amortized cost and other financial assets as of December 31, 2020 and 2021 are as follows: i) Loans at amortized cost 2020 Retail Corporate Credit cards Others 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired Total Beginning balance W 133,412 91,025 169,038 419,752 531,286 469,207 173,884 365,248 314,850 7,501 7,481 2,151 2,684,835 Transfer (from) to 12 months expected credit losses 20,082 (19,487 ) (595 ) 67,590 (66,777 ) (813 ) 22,148 (21,591 ) (557 ) 164 (164 ) — — Transfer (from) to lifetime expected credit losses (9,077 ) 18,772 (9,695 ) (49,727 ) 55,512 (5,785 ) (11,568 ) 11,834 (266 ) (242 ) 242 — — Transfer (from) to credit- impaired financial assets (3,247 ) (9,010 ) 12,257 (1,590 ) (52,383 ) 53,973 (901 ) (2,041 ) 2,942 (13 ) (9 ) 22 — Provision (reversal) 5,253 (5,319 ) 199,765 149,400 211,341 265,557 103,793 210,592 137,254 4,188 2,048 6,823 1,290,695 Charge off — — (254,723 ) — — (317,514 ) — — (572,008 ) — — (2,531 ) (1,146,776 ) Amortization of discount — — (5,630 ) — — (15,151 ) — — (7,807 ) — — — (28,588 ) Disposal (343 ) (8 ) (18,605 ) (726 ) — (24,473 ) — — — — — (182 ) (44,337 ) Collection — — 85,819 — — 63,822 — — 200,234 — — 134 350,009 Others (*) 2,954 10,075 20,809 (16,085 ) (13,896 ) (7,579 ) (83,448 ) (189,589 ) 232,048 (164 ) 3 — (44,872 ) Ending balance W 149,034 86,048 198,440 568,614 665,083 481,244 203,908 374,453 306,690 11,434 9,601 6,417 3,060,966 (*) Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. ii) Due from banks at amortized cost and other financial assets 2020 12 months Life time credit loss Impaired Total Beginning balance W 33,987 7,272 37,590 78,849 Transfer (from) to 12 months expected credit losses 286 (273 ) (13 ) — Transfer (from) to lifetime expected credit losses (259 ) 264 (5 ) — Transfer (from) to credit- impaired financial assets (256 ) (1,492 ) 1,748 — Provision (reversal) (2,143 ) 2,650 33,278 33,785 Charge off — — (26,814 ) (26,814 ) Disposal (2 ) — (32 ) (34 ) Collection — — 2,166 2,166 Others (*2) 4,078 (140 ) 1,012 4,950 Ending balance W 35,691 8,281 48,930 92,902 (*1) It includes allowances for expected credit losses of deposits at amortized cost and other financial assets. (*2) Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. i) Loans at amortized cost 2021 Retail Corporate Credit cards Others 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired Total Beginning balance W 149,034 86,048 198,440 568,614 665,083 481,244 203,908 374,453 306,690 11,434 9,601 6,417 3,060,966 Transfer (from) to 12 months expected credit losses 20,528 (19,794 ) (734 ) 85,187 (79,571 ) (5,616 ) 26,178 (26,149 ) (29 ) 200 (200 ) — — Transfer (from) to lifetime expected credit losses (9,078 ) 21,383 (12,305 ) (55,055 ) 63,834 (8,779 ) (14,471 ) 14,548 (77 ) (359 ) 359 — — Transfer (from) to credit- impaired financial assets (3,203 ) (7,112 ) 10,315 (1,830 ) (48,468 ) 50,298 (1,003 ) (1,503 ) 2,506 (7 ) — 7 — Provision (reversal) 10,812 (1,321 ) 154,260 (68,403 ) 135,401 263,327 75,981 202,000 137,456 (1,342 ) (503 ) (598 ) 907,070 Charge off — — (279,789 ) — — (299,661 ) — — (566,944 ) — — (1,218 ) (1,147,612 ) Amortization of discount — — (4,651 ) — — (12,894 ) — — 7,973 — — — (9,572 ) Disposal — (1 ) (13,617 ) (6 ) — (14,528 ) — — — — — (1 ) (28,153 ) Collection — — 103,316 — — 76,245 — — 207,631 — — 887 388,079 Others (*) 5,912 11,209 34,571 1,793 5,973 (9,310 ) (85,882 ) (162,272 ) 194,026 269 1 — (3,710 ) Ending balance W 174,005 90,412 189,806 530,300 742,252 520,326 204,711 401,077 289,232 10,195 9,258 5,494 3,167,068 (*) Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. ii) Due from banks at amortized cost and other financial assets 2021 12 months Life time credit loss Impaired Total Beginning balance W 35,691 8,281 48,930 92,902 Transfer (from) to 12 months expected credit losses 241 (230 ) (11 ) — Transfer (from) to lifetime expected credit losses (284 ) 288 (4 ) — Transfer (from) to credit- impaired financial assets (290 ) (2,012 ) 2,302 — Provision (reversal) 8,555 1,426 42,181 52,162 Charge off — — (27,929 ) (27,929 ) Disposal — — (40 ) (40 ) Collection — — 2,357 2,357 Others (*2) 139,995 255 2,257 142,507 Ending balance W 183,908 8,008 70,043 261,959 (*1) It includes allowances for expected credit losses of deposits at amortized cost and other financial assets. (*2) Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. |
Changes in deferred loan origination costs | (d) Changes in deferred loan origination costs for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W 534,530 516,815 Loan origination 257,034 255,482 Amortization, etc. (274,749 ) (228,936 ) Ending balance W 516,815 543,361 |
Property and equipment (Tables)
Property and equipment (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
Property and equipment | (a) Details of property and equipment as of December 31, 2020 and 2021 are as follows: 2020 Acquisition Accumulated Carrying Land W 2,219,227 — 2,219,227 Buildings 1,230,187 (419,426 ) 810,761 Right-of-use 1,016,183 (425,766 ) 590,417 Other assets 2,197,485 (1,828,193 ) 369,292 W 6,663,082 (2,673,385 ) 3,989,697 2021 Acquisition Accumulated Accumulated Carrying Land W 2,173,134 — — 2,173,134 Buildings 1,210,401 (446,321 ) (7,594 ) 756,486 Right-of-use 1,229,169 (621,042 ) — 608,127 Other assets 2,294,740 (1,786,323 ) — 508,417 W (2,853,686) (7,594) 4,046,164 |
Changes in property and equipment | (b) Changes in property and equipment for the years ended December 31, 2020 and 2021 are as follows: 2020 Land Buildings Right-of-use Others Total Beginning balance W 1,815,112 790,449 1,112,796 364,971 4,083,328 Acquisition (*1) 78,066 56,828 305,958 140,958 581,810 Disposal (92,683 ) (46,897 ) (24,173 ) (2,398 ) (166,151 ) Depreciation — (56,041 ) (286,028 ) (133,437 ) (475,506 ) Amounts transferred from(to) investment property 55,316 (51,252 ) — — 4,064 Amounts transferred from(to) intangible assets — — — 3,738 3,738 Amounts transferred from(to) non-current (31,622 ) (11 ) — — (31,633 ) Amounts transferred from(to) right-of-use 395,346 118,091 (513,437 ) — — Others — — — (2,235 ) (2,235 ) Effects of foreign currency adjustments (308 ) (406 ) (5,380 ) (2,459 ) (8,553 ) Business combination (Note 47) — — 681 154 835 Ending balance W 2,219,227 810,761 590,417 369,292 3,989,697 (*1) W (*2) Includes buildings, land, etc. 2021 Land Buildings Right-of-use Others Total Beginning balance W 2,219,227 810,761 590,417 369,292 3,989,697 Acquisition (*1) 513 32,777 316,925 289,614 639,829 Disposal (709 ) (1,378 ) (26,930 ) (5,086 ) (34,103 ) Depreciation (*2) — (49,646 ) (289,585 ) (154,104 ) (493,335 ) Impairment — (7,594 ) — — (7,594 ) Amounts transferred from(to) investment property (46,046 ) (27,727 ) — — (73,773 ) Amounts transferred from(to) intangible assets — — — 3,676 3,676 Amounts transferred from(to) non-current (169 ) (853 ) — — (1,022 ) Effects of foreign currency adjustments 318 146 17,300 5,025 22,789 Ending balance W 2,173,134 756,486 608,127 508,417 4,046,164 (*1) W (*2) Included in general administrative expense and other operating income(loss) of the consolidated statements of comprehensive income. (*3) Includes buildings, land, etc. |
Insured assets | (c) Insured assets and liability insurance as of December 31, 2021 are as follows: December 31, 2021 Type of insurance Insured assets and objects Amount Insurance company Comprehensive insurance for financial institutions Cash(including 25,500 Samsung Fire & Marine Insurance Co., Ltd., etc. Comprehensive Property insurance Property Total Risk, 1,920,218 Samsung Fire & Marine Insurance Co., Ltd., etc. Fire insurance Business property 26,164 Meritz Fire & Marine Insurance Co., Ltd., etc. Compensation liability insurance for officers Officer liability of 50,000 Meritz Fire & Marine Insurance Co., Ltd., etc. Compensation liability insurance for employee accident Employee 79,798 Meritz Fire & Marine Insurance Co., Ltd., etc. Burglary insurance Cash and securities 79,755 Samsung Fire & Marine Insurance Co., Ltd., etc. Others Personal 33,478 Samsung Fire & Marine Insurance Co., Ltd., etc. (*) Aside from the insurance mentioned above, the Group has entered into car insurance, medical insurance, and property insurance. |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
Intangible assets | (a) Details of intangible assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Goodwill W 4,689,792 4,670,134 Software 144,535 192,582 Development cost 183,592 229,148 Others 462,700 552,918 W 5,644,782 |
Changes in intangible assets | (b) Changes in intangible assets for the years ended December 31, 2020 and 2021 are as follows: 2020 Goodwill Software Development Others Total Beginning balance W 4,690,049 129,235 144,100 595,330 5,558,714 Acquisition — 64,195 105,101 64,079 233,375 Disposal and Write-off — (1 ) (75 ) (26,785 ) (26,861 ) Amounts transferred from(to) property and equipment — 1,415 (7,820 ) 2,667 (3,738 ) Impairment (*1)(*2) (14,235 ) — — (27,075 ) (41,310 ) Amortization (*3) — (49,159 ) (57,690 ) (145,756 ) (252,605 ) Effects of changes in foreign exchange rate — (1,150 ) (24 ) (222 ) (1,396 ) Business combination (Note 47) 13,978 — — 462 14,440 Ending balance W 4,689,792 144,535 183,592 462,700 5,480,619 (*1) The number of customer contacts decreased due to the decrease in the base interest rate in Indonesia in 2020 and the impact of COVID-19. W W W (*2) The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2020, the impairment loss amounted to W non-operating (*3) Included in general administrative expense and other operating income (expense) of the consolidated statements of comprehensive income. 2021 Goodwill Software Development Others Total Beginning balance W 4,689,792 144,535 183,592 462,700 5,480,619 Acquisition — 103,929 127,993 225,228 457,150 Disposal and Write-off — (2,341 ) (719 ) (5,349 ) (8,409 ) Amounts transferred from(to) property and equipment — — (3,676 ) — (3,676 ) Impairment (*1) (33,509 ) — (270 ) (765 ) (34,544 ) Amortization (*2) — (55,531 ) (77,734 ) (129,615 ) (262,880 ) Effects of changes in foreign exchange rate — 1,990 (38 ) 719 2,671 Business combination (Note 47) 13,851 — — — 13,851 Ending balance W 4,670,134 192,582 229,148 552,918 5,644,782 (*1) Goodwill impairment has occurred at Shinhan Bank Indonesia within the banking sector and PT Shinhan Sekuritas Indonesia within the securities sector among the cash-generating units. After the impairment test for goodwill of Shinhan Bank Indonesia, among the carrying value exceeding recoverable amount of cash-generating unit, which is W W W W low-interest COVID-19, W W non-operating (*2) Included in general administrative expense and other operating income (expense) of the consolidated statements of comprehensive income. |
Goodwill allocated in the Group's CGUs | i) Goodwill allocated in the Group’s CGUs as of December 31, 2020 and 2021 is as follows: 2020 2021 Banking W 795,823 764,883 Credit card 2,880,383 2,880,383 Securities 7,904 5,335 Life insurance 839,947 853,798 Others 165,735 165,735 W 4,689,792 4,670,134 |
Changes in goodwill | ii) Changes in goodwill for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W 4,690,049 4,689,792 Acquisitions through business combinations (*1)(*2) 13,978 13,851 Impairment losses (14,235 ) (33,509 ) Ending balance W 4,689,792 4,670,134 (*1) It is the goodwill recognized by Shinhan Financial Plus, a subsidiary acquired in the period, from a business transfer for the GF division and IMGA division of Leaders Financial Marketing (Note 47). (*2) It is the goodwill recognized by the Group as it newly acquired the Shinhan Venture Investment Co., Ltd. for the year ended December 31, 2020 (Note 47). |
Discount rates and terminal growth rates | Discount rates and terminal growth rates applied to each CGU are as follows: Discount rate(%) Terminal growth rate(%) Banking 9.7~12.1 1.0~2.0 Credit card 9.3~11.8 1.0~2.0 Securities 11.6~12.6 2.0 Life insurance 7.5~12.7 — Others 10.8~14.9 1.0 |
Key assumptions | iv) Key assumptions Key assumptions used in the discounted cash flow calculations of CGUs (other than life insurance components) are as follows: 2021 2022 2023 2024 2025 2026 CPI growth(%) 2.2 1.7 1.4 1.7 1.5 1.5 Private consumption growth(%) 3.1 2.6 2.5 2.7 2.6 2.6 Real GDP growth(%) 3.8 2.7 2.5 3.0 2.8 2.8 Key assumptions used in the discounted cash flow calculations of life insurance (Shinhan life insurance) components are as follows: Key assumptions Rate of return on investment(%) 3.1 Risk-based capital ratio(%) 150.0 |
Total recoverable amount and total carrying value of CGUs to which goodwill has been allocated | v) Total recoverable amount and total carrying value of CGUs to which goodwill has been allocated, are as follows: Amount Total recoverable amount W 51,932,888 Total carrying value (*1) 45,482,263 W 6,450,625 (*1) It is the carrying value after reflecting the impairment loss in the banking and securities sector. |
Investments in associates (Tabl
Investments in associates (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of associates [abstract] | |
Investments in associates | (a) Investments in associates as of December 31, 2020 and 2021 are as follows: Investees Country Reporting date Ownership (%) 2020 2021 BNP Paribas Cardif Life Insurance (*1)(*2) Korea September 30 14.99 14.99 Songrim Partners (*3)(*4) Korea December 31 35.34 35.34 Partners 4th Growth Investment Fund (*1) Korea September 30 25.00 25.00 KTB Newlake Global Healthcare PEF (*1) Korea September 30 30.00 30.00 Daekwang Semiconductor Co., Ltd. (*7) Korea — 20.94 — Shinhan-Neoplux Energy Newbiz Fund (*5) Korea December 31 31.66 31.66 Shinhan-Albatross tech investment Fund (*5) Korea December 31 49.97 50.00 VOGO Debt Strategy Qualified IV Private Korea December 31 20.00 20.00 Shinhan-Midas Donga Secondary Fund (*6) Korea December 31 50.00 50.00 ShinHan – Soo Young Entrepreneur Investment Fund No.1 Korea December 31 24.00 24.00 Investees Country Reporting date Ownership (%) 2020 2021 Shinhan Praxis K-Growth Korea December 31 18.87 18.87 Credian Healthcare Private Equity Fund II (*7) Korea — 34.07 — Kiwoom Milestone Professional Private Real Estate Trust 19 Korea December 31 50.00 50.00 AIP EURO Green Private Real Estate Trust No.3 Korea December 31 21.28 21.28 Shinhan Global Healthcare Fund 1 (*9) Korea December 31 4.41 4.41 JB Power TL Investment Type Private Placement Special Asset Fund 7 (*7) Korea — 33.33 — KB NA Hickory Private Special Asset Fund Korea December 31 37.50 37.50 Koramco Europe Core Private Placement Real Estate Fund No.2-2 Korea December 31 44.02 44.02 BNP Paribas Cardif General Insurance (*9) Korea December 31 7.46 5.46 Hermes Private Investment Equity Fund Korea December 31 29.17 29.17 Shinhan-Nvestor Liquidity Solution Fund Korea December 31 24.92 24.92 Shinhan AIM FoF Fund 1a Korea December 31 25.00 25.00 IGIS Global Credit Fund 150-1 Korea December 31 25.00 25.00 Partner One Value up I Private Equity Fund Korea December 31 27.91 27.91 Genesis No.1 Private Equity Fund Korea December 31 22.80 22.80 Korea Omega Project Fund III Korea December 31 23.53 23.53 Soo Delivery Platform Growth Fund Korea December 31 30.00 30.00 Genesis North America Power Company No.1 PEF Korea December 31 39.96 40.03 Hyungje art printing (*12) Korea — 31.54 — SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Korea December 31 23.33 23.33 Korea Finance Security (*1),(*9) Korea September 30 14.91 14.91 Multimedia Tech Co.Ltd. (*12) Korea — 21.06 — MIEL CO.,LTD. (*3),(*4) Korea December 31 28.77 28.77 AIP Transportation Specialized Privately Placed Fund Trust #1 Korea December 31 35.73 35.73 DB Epic Convertiblebond Private Trust No.2 (*7) Korea — 50.98 — E&Healthcare Investment Fund No.6 Korea December 31 21.05 21.05 One Shinhan Global Fund 1 (*5) Korea December 31 19.96 20.56 Kiwoom-Shinhan Innovation Fund I (*6) Korea December 31 50.00 50.00 Daishin-K&T Korea December 31 31.25 31.25 Midas Asset Global CRE Debt Private Fund No.6 Korea December 31 41.16 41.16 Richmond Private Investment Trust No.82 (*7) Korea — 60.00 — Tiger Alternative Real Estate Professional Private5 (*7) Korea — 48.71 — Samchully Midstream Private Placement Special Asset Fund 5-4 Korea December 31 42.92 42.92 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 Korea December 31 20.00 20.00 NH-Amundi Korea December 31 30.00 30.00 Jarvis Memorial Private Investment Trust 1 (*6) Korea December 31 99.01 99.01 Investees Country Reporting date Ownership (%) 2020 2021 Mastern Private Private Investment Trust 68 (*7) Korea — 53.76 — Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 (*8) Korea December 31 60.00 60.00 Milestone Private Real Estate Fund 3 Korea December 31 32.06 32.06 IGIS Private Real Estate Investment Trust 286 (*7) Korea — 41.44 — Nomura-Rifa Private Real Estate Investment Trust 31 Korea December 31 31.31 31.31 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 Korea December 31 21.27 21.27 Hana Semiconductor New Technology Fund (*7) Korea — 24.30 — J&Magnet Startup Venture Specialized Private Equity Fund (*7) Korea — 24.39 — Cape IT Fund No.3 Korea December 31 32.89 32.89 FuturePlay-Shinhan TechInnovation Fund 1 (*6) Korea December 31 50.00 50.00 Stonebridge Corporate 1st Fund Korea December 31 44.12 44.12 Vogo Realty Partners Private Real Estate Fund V Korea December 31 21.64 21.64 Korea Credit Bureau (*1),(*9) Korea September 30 9.00 9.00 Goduck Gangil1 PFV Co., Ltd. (*1),(*9) Korea September 30 1.04 1.04 SBC PFV Co., Ltd. (*1),(*10) Korea September 30 25.00 25.00 NH-amundi Korea December 31 50.00 50.00 IMM Global Private Equity Fund Korea December 31 33.00 33.00 HANA Alternative Estate Professional Private122 (*8) Korea December 31 75.19 74.02 Hanwha-Incus Plus New Technology Fund No.1 (*7) Korea — 42.64 — SH Corporate Professional Investment Type Private Security Investment Trust No.7 Korea December 31 45.96 45.96 SH BNCT Professional Investment Type Private Special Asset Investment Trust (*11) Korea December 31 72.39 72.50 PSA EMP Private Equity Fund (*7) Korea — 28.99 — Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 (*8) Korea December 31 52.28 52.28 BRAIN DO PROFESSIONALE PRIVATE No. 27 Korea December 31 29.13 29.13 UI Venture Fund 7th (*7) Korea — 24.39 — Sparklabs-Shinhan Opportunity Fund 1 Korea December 31 49.50 49.50 BNW Tech-Innovation Private Equity Fund Korea December 31 29.85 29.85 IGIS Real-estate Private Investment Trust No.33 Korea December 31 40.86 40.86 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust (*7) Korea — 31.58 — WWG Global Real Estate Investment Trust no.4 Korea December 31 29.55 29.55 Goduck Gangil10 PFV Co., Ltd (*1),(*9) Korea September 30 19.90 19.90 Fidelis Global Private Real Estate Trust No.2 (*8) Korea December 31 78.26 78.26 IGIS PRIVATE REAL ESTATE TRUST NO.331 (*7) Korea — 30.77 — AIP EURO PRIVATE REAL ESTATE TRUST No. 12 Korea December 31 28.70 28.70 Shinhan Healthcare Fund 2 (*9) Korea December 31 13.68 13.68 Pebblestone CGV Private Real Estate Trust No.1 Korea December 31 48.53 48.53 Investees Country Reporting date Ownership (%) 2020 2021 SH Corporate Professional Investment Type Private Security Investment Trust No.45 Korea December 31 — 43.65 Shinhan AIM Real Estate Fund No.2 Korea December 31 30.00 30.00 Shinhan AIM Real Estate Fund No.1 Korea December 31 21.01 21.01 SH Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust Korea December 31 22.02 22.02 SH Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust Korea December 31 29.19 29.19 SH Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 Korea December 31 71.43 71.43 SH Japan Photovoltaic Private Special Asset Investment Trust No.1 (*7) Korea — 30.00 — Korea Omega-Shinhan Project Fund I (*6) Korea December 31 50.00 50.00 ST-Bonanja Korea December 31 38.83 38.83 New Green Shinhan Mezzanine Fund (*7) Korea — 39.22 — KORAMKO-Daum Professional Private Investment Trust No.12 (*7) Korea — 33.33 — Samsung SRA Real Estate Professional Private 45 Korea December 31 25.00 25.00 IBK Global New Renewable Energy Special Asset Professional Private2 Korea December 31 28.98 28.98 VS Cornerstone Fund Korea December 31 41.18 41.18 Aone Mezzanine Opportunity Professional Private (*8) Korea December 31 66.12 66.09 KiwoomUnicorn3 New Technology Business Investment Fund (*7) Korea — 21.28 — Multi Asset The United States Thortons Professional Private1 (*7) Korea — 25.00 — Kiwoom Milestone US Real Estate Professional Private20 (*7) Korea — 75.27 — NH-Amundi Korea December 31 25.91 25.91 KB Distribution Private Real Estate1 (*8) Korea December 31 62.00 62.00 SH Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust (*7) Korea — 28.93 — SH Japan Photovoltaic Private Special Asset Investment Trust No.2 Korea December 31 30.00 30.00 Kakao-Shinhan 1st TNYT Fund Korea December 31 48.62 48.62 IMM Special Situation 1-2 Korea December 31 20.02 20.00 Pacific Private Placement Real Estate Fund No.40 Korea December 31 24.73 24.73 Mastern Private Real Estate Loan Fund No.2 Korea December 31 33.57 33.57 LB Scotland Amazon Fulfillment Center Fund 29 (*8) Korea December 31 70.14 70.14 JR AMC Hungary Budapest Office Fund 16 Korea December 31 32.57 32.57 IGIS 372 Real Estate Professional Private (*7) Korea — 28.39 — EDNCENTRAL Co.,Ltd. (*9) Korea December 31 19.87 19.87 Investees Country Reporting date Ownership (%) 2020 2021 KoFC-Neoplux R&D-Biz 2013-1 Korea — 19.00 — Future-Creation Neoplux Venture Capital Fund (*5) Korea December 31 16.25 16.25 Gyeonggi-Neoplux Superman Fund (*5) Korea December 31 21.76 21.76 NewWave 6th Fund (*5) Korea December 31 30.00 30.00 KTC-NP 2011-2 Korea December 31 5.56 5.56 Neoplux No.3 Private Equity Fund (*5) Korea December 31 10.00 10.00 PCC Amberstone Private Equity Fund I Korea December 31 21.67 21.67 KIAMCO POWERLOAN TRUST 4TH Korea December 31 47.37 47.37 Mastern Opportunity Seeking Real Estate Fund II Korea December 31 20.00 20.00 AION ELFIS PROFESSIONAL PRIVATE 1 Korea December 31 20.00 20.00 T&F 2020 SS Private Equity Fund Specializing in Start-up Korea December 31 29.68 29.68 Neoplux Market-Frontier Secondary Fund (*5) Korea December 31 19.74 19.74 Harvest Private Equity Fund II Korea December 31 22.06 22.06 Synergy Green New Deal 1st New Technology Business Investment Fund Korea December 31 28.17 28.17 KAIM Real-estate Private Investment Trust 20 Korea December 31 38.46 38.46 KIAMCO Vietnam Solar Special Asset Private Investment Trust (*6) Korea December 31 50.00 50.00 Daishin New Technology Investment Fund 5th Korea December 31 23.44 23.44 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 (*8) Korea December 31 62.50 62.50 Acurus Hyundai Investment Partners New Technology Korea December 31 26.79 26.79 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 Korea December 31 97.85 97.10 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 Korea December 31 97.85 97.10 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Korea December 31 25.00 25.00 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 (*7) Korea — 58.82 — SHINHAN-NEO Korea December 31 49.75 49.75 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 Korea December 31 30.00 30.00 SIMONE Mezzanine Fund No.3 Korea December 31 29.38 29.38 Eum Private Equity Fund No.7 Korea December 31 21.00 21.00 Kiwoom Private Equity Ant-Man Korea December 31 25.00 25.00 Kiwoom Hero No.4 Private Equity Fund Korea December 31 21.05 21.05 Vogo Canister Professional Trust Private Fund I Korea December 31 36.68 36.53 SW-S Korea December 31 — 30.30 Investees Country Reporting date Ownership (%) 2020 2021 CL Buyout 1st PEF Korea December 31 — 21.43 Timefolio The Venture-V Korea December 31 — 20.73 Newlake Growth Capital Partners2 PEF Korea December 31 — 29.91 Shinhan Smilegate Global PEF I (*9) Korea December 31 — 14.21 Fount Professional Investors Private Investment Trust No.3 Korea December 31 — 49.98 Genesis Eco No.1 PEF Korea December 31 — 29.01 SHINHAN-NEO Korea December 31 — 42.70 NH-Synergy Korea December 31 — 36.93 J& Moorim Jade Investment Fund Korea December 31 — 24.89 Ulmus SHC innovation investment fund Korea December 31 — 24.04 Mirae Asset Partners X Private Equity Fund Korea December 31 — 35.71 T Core Industrial Technology 1st Venture PEF Korea December 31 — 31.47 Curious Finale Corporate Recovery Private Equity Fund Korea December 31 — 27.78 TI First Property Private Investment Trust 1 Korea December 31 — 40.00 MPLUS Professional Private Real Estate Fund 25 Korea December 31 — 41.67 IBKC Global Contents Investment Fund Korea December 31 — 24.39 Nautic Smart No.6 Private Equity Fund Korea December 31 — 37.74 Premier Luminous Private Equity Fund Korea December 31 — 27.78 Hanyang-Meritz 1 Fund Korea December 31 — 22.58 KNT 2ND PRIVATE EQUITY FUND Korea December 31 — 21.74 Maple Mobility Fund Korea December 31 — 20.18 AVES 1st Corporate Recovery Private Equity Fund (*6) Korea December 31 — 76.19 JS Shinhan Private Equity Fund (*5) Korea December 31 — 3.85 Daishin Newgen New Technology Investment Fund 1st (*8) Korea December 31 — 50.60 META ESG Private Equity Fund I Korea December 31 — 27.40 SWFV FUND-1 Korea December 31 — 40.25 PHAROS DK FUND Korea December 31 — 24.24 Shinhan VC tomorrow venture fund 1 (*5) Korea December 31 — 39.62 Highland 2021-8 Korea December 31 — 32.67 Medicii 2021-3 Korea December 31 — 24.81 Tres-Yujin Trust (*6) Korea December 31 — 50.00 Shinhan-Time mezzanine blind Fund (*6) Korea December 31 — 50.00 Capstone REITs No.26 (*6) Korea December 31 — 50.00 JB Incheon-Bucheon REITS No.54 Korea December 31 — 39.31 Hankook Smart Real Asset Investment Trust No.3 Korea December 31 — 33.33 JB Hwaseong-Hadong REITs No.53 Korea December 31 — 31.03 KB Oaktree Trust No.3 Korea December 31 — 33.33 Daehan No.36 Office Asset Management Company Korea December 31 — 48.05 Rhinos Premier Mezzanine Private Investment Fund No.1 Korea December 31 — 27.93 SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 Korea December 31 — 29.73 Investees Country Reporting date Ownership (%) 2020 2021 Shinhan JigaeNamsan Road Private Special Asset Investment Trust Korea December 31 — 24.85 SKS-Yozma Korea December 31 — 29.85 IBKC-METIS Global Contents Investment Fund Korea December 31 — 36.36 Keistone Unicorn Private Equity Fund Korea December 31 — 28.00 (*1) The financial statements of September 30, 2021 are used for the equity method since the financial statements as of December 31, 2021 are not available. Significant trades and events occurred within the period are properly reflected. (*2) The Group applies the equity method accounting as the Group has a significant influence on the investees through important business transactions. (*3) In the course of the rehabilitation process, the shares were acquired through investment conversion. Although voting rights cannot be exercised during the rehabilitation process, normal voting rights are exercised because the rehabilitation process was completed before December 31, 2021. Also, it has been reclassified into the investments in associates. (*4) The latest financial statements are used for the equity method since the financial statements as of December 31, 2021 are not available. Significant trades and events occurred within the period are properly reflected. (*5) As a managing partner, the Group has a significant influence over the investees. (*6) As a limited partner, the Group does not have an ability to participate in policy-making processes to obtain economic benefit from the investees that would allow the Group to control the entity. (*7) Excluded from the investments in associates due to full or partial disposal of shares, or loss of significant influence. (*8) Although the ownership percentages are more than 50%, the Group applies the equity method accounting as the Group does not have an ability to participate in the financial and operating policy-making process. (*9) Although the ownership percentages are less than 20%, the Group applies the equity method accounting since it participates in policy-making processes and therefore can exercise significant influence on investees. (*10) The rate of Group’s voting rights is 4.65%. (*11) Although the Group has a significant influence with ownership percentage more than 50%, the contribution was classified as investments in associates as the Group is not exposed to variable returns due to the payment guarantee for the entire investment amount. (*12) Excluded from the associates due to redemption of shares. |
Changes in investments in associates | (b) Changes in investments in associates for the years ended December 31, 2020 and 2021 are as follows: 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance BNP Paribas Cardif Life Insurance W 52,586 — (928 ) (1,058 ) — 50,600 Songrim Partners (*1) — — — — — — Neoplux Technology Valuation Investment Fund (*3) 16,384 (16,171 ) (213 ) — — — Partners 4th Growth Investment Fund 14,917 (4,474 ) 1,515 — — 11,958 KTB Newlake Global Healthcare PEF 11,280 (1,950 ) 74 — — 9,404 Daekwang Semiconductor Co., Ltd. 3,388 — 243 — — 3,631 Shinhan-Neoplux Energy Newbiz Fund(*4) 7,880 5,887 703 — — 14,470 Shinhan-Albatross tech investment Fund 8,734 4,650 (62 ) — — 13,322 Plutus-SG 4,231 (5,230 ) 999 — — — Eum Private Equity Fund No.3 3,574 (5,621 ) 2,050 — — 3 KTB Confidence Private Placement 6,067 (6,063 ) (4 ) — — — Meritz AI-SingA330-A 4,256 (772 ) (3,484 ) — — — Meritz AI-SingA330-B 8,916 (48 ) (8,868 ) — — — VOGO Debt Strategy Qualified INV Private 9,930 (1,700 ) 472 — — 8,702 Shinhan-Midas Donga Secondary Fund 3,486 1,150 116 — — 4,752 ShinHan – Soo Young Entrepreneur Investment Fund No.1 4,549 1,495 3,924 — — 9,968 Synergy-Shinhan Mezzanine New Technology Investment Fund 3,912 (4,406 ) 494 — — — Shinhan Praxis K-Growth 10,302 78 (435 ) — — 9,945 Credian Healthcare Private Equity Fund II 2,377 (4,937 ) 8,395 — — 5,835 Kiwoom Milestone Professional Private Real Estate Trust 19 10,407 (265 ) (224 ) — — 9,918 AIP EURO Green Private Real Estate Trust No.3 20,884 (1,189 ) 1,326 — — 21,021 Hanhwa US Equity Strategy Private Real Estate Fund No.1 25,964 (26,907 ) 3,220 — — 2,277 Shinhan Global Healthcare Fund 1 3,209 — 128 — (3,337 ) — JB Power TL Investment Type Private Placement Special Asset Fund 7 16,800 (1,359 ) 745 — — 16,186 IBK AONE convertible 1 6,077 (6,048 ) (29 ) — — — Rico synergy collabo Multi-Mezzanine 3 3,217 (3,221 ) 4 — — — KB NA Hickory Private Special Asset Fund 35,930 (2,609 ) 1,617 — — 34,938 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Koramco Europe Core Private Placement Real Estate Fund No.2-2 W 19,562 (1,330 ) 386 — — 18,618 BNP Paribas Cardif General Insurance 2,113 3,066 (1,244 ) (40 ) — 3,895 Axis Global Growth New Technology Investment Association 3,205 (2,920 ) (285 ) — — — Hermes Private Investment Equity Fund 6,376 — (277 ) — — 6,099 SHC ULMUS Fund No.1 3,149 (3,289 ) 140 — — — Shinhan-Nvestor Liquidity Solution Fund 4,865 (1,004 ) 632 — — 4,493 Shinhan AIM FoF Fund 1a 7,242 1,324 194 — — 8,760 IGIS Global Credit Fund 150-1 9,718 (4,002 ) 1,566 — — 7,282 GX Shinhan Intervest 1st Private Equity Fund 33,166 (54,515 ) 21,349 — — — Soo Commerce Platform Growth Fund 6,343 (8,474 ) 3,278 — — 1,147 Partner One Value up I Private Equity Fund 11,891 (20 ) (92 ) — — 11,779 Genesis No.1 Private Equity Fund 51,150 388 28,575 — — 80,113 GMB ICT New Technology Investment Fund 7,854 (7,853 ) (1 ) — — — Korea Omega Project Fund III 3,016 — 547 — — 3,563 Soo Delivery Platform Growth Fund 8,922 (7,929 ) 3,075 — — 4,068 Genesis North America Power Company No.1 PEF 18,275 (3,869 ) 2,577 — — 16,983 Hyungje art printing (*1) — — — — — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 20,712 (10,794 ) 664 — — 10,582 Shinhan-Rhinos 1 Fund 3,029 (1,004 ) 574 — — 2,599 Pacific Private Investment Trust No.20 4,076 (1,289 ) 212 — — 2,999 Susung Mezzanine project P1 Private Investment Trust 5,128 (3,613 ) (170 ) — — 1,345 Korea Finance Security 3,235 — (180 ) — — 3,055 Multimedia Tech Co.Ltd (*1) 19 — (19 ) — — — MIEL CO.,LTD (*1) — — — — — — AIP Transportation Specialized Privately Placed Fund Trust #1 31,580 1,366 47 — — 32,993 DB Epic Convertiblebond Private Trust No.2 5,063 202 520 — — 5,785 PCC S/W 2nd Fund 3,001 (3,328 ) 327 — — — E&Healthcare Investment Fund No.6 7,776 — 7,387 — — 15,163 One Shinhan Global Fund1 4,441 — (412 ) — — 4,029 Kiwoom-Shinhan Innovation Fund I 7,284 7,500 1,185 — — 15,969 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Daishin-K&T New Technology Investment Fund W 7,057 — (57 ) — — 7,000 Midas Asset Global CRE Debt Private Fund No.6 23,731 21,537 2,121 — — 47,389 Richmond Private Investment Trust No.82 15,120 (855 ) 784 — — 15,049 Tiger Alternative Real Estate Professional Private5 19,820 (1,376 ) 55 — — 18,499 Samchully Midstream Private Placement Special Asset Fund 5-4 30,742 (968 ) (956 ) — — 28,818 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 53,831 9,253 2,532 — — 65,616 AUCTUS FITRIN Corporate Recovery Private Equity Fund 14,358 (14,484 ) 126 — — — NH-Amundi Global Infrastructure Trust 14 18,497 (460 ) 782 — — 18,819 Pacific Private Real Estate Fund Investment Trust No.30 (*3) 14,816 (15,374 ) 558 — — — Jarvis Memorial Private Investment Trust 1 10,166 (763 ) 640 — — 10,043 Mastern Private Private Invetstment Trust 68 9,999 (460 ) 471 — — 10,010 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 4,397 30,510 734 — — 35,641 Milestone Private Real Estate Fund 3 17,186 (838 ) 2,180 — — 18,528 IGIS Private Real Estate Investment Trust 286 9,768 (1,361 ) 437 — — 8,844 Nomura-Rifa Private Real Estate Investment Trust 31 8,914 (932 ) 425 — — 8,407 Lime Pricing Private Equity Fund 8,300 (8,217 ) (83 ) — — — SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 41,991 (29,980 ) 1,312 — — 13,323 DS Solid.II Hedge Fund 4,123 (6,397 ) 2,274 — — — Hana Semiconductor New Technology Fund 12,856 (2,557 ) 13,832 — — 24,131 J&Magnet Startup Venture Specialized Private Equity Fund 5,979 (2,151 ) 2,107 — — 5,935 Cape IT Fund No.3 9,967 (580 ) 1,262 — — 10,649 FuturePlay-Shinhan TechInnovation Fund 1 868 3,661 (234 ) — — 4,295 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Stonebridge Corporate 1st Fund W 2,981 — 258 — — 3,239 Vogo Realty Partners Private Real Estate Fund V 10,376 (566 ) 1,017 — — 10,827 IL GU FARM CO.,LTD (*1) — — — — — — Korea Credit Bureau 6,812 (90 ) 254 — — 6,976 Goduck Gangil1 PFV Co., Ltd (*1) 48 — (48 ) — — — SBC PFV Co., Ltd 20,000 — (1,792 ) — — 18,208 Sprott Global Renewable Private Equity Fund II 19,016 (18,909 ) (107 ) — — — NH-amundi global infra private fund 16 48,158 (1,236 ) (3,083 ) — — 43,839 IMM Global Private Equity Fund 28,925 90,776 1,154 — — 120,855 HANA Alternative Estate Professional Private122 26,205 (644 ) 4,070 — — 29,631 Hanwha-Incus Plus New Technology Fund No.1 5,499 — 5,527 — — 11,026 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7 51,293 (1,613 ) 1,530 — — 51,210 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 150,317 127,753 8,461 — — 286,531 PSA EMP Private Equity Fund 9,927 (278 ) 165 — — 9,814 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 29,463 (239 ) 177 — — 29,401 SHBNPP Peace of Mind TDF 2035 Security Investment Trust 5,727 (5,727 ) — — — — SHBNPP Peace of Mind TDF 2040 Security Investment Trust 5,729 (5,729 ) — — — — BRAIN DO PROFESSIONALE PRIVATE No. 27 3,065 — 376 — — 3,441 VISION US Muni US Local Debt Opportunities Professional Private1(*3) 9,869 (10,032 ) 163 — — — UI Venture Fund 7th — 3,000 279 — — 3,279 Sparklabs-Shinhan Opportunity Fund 1 — 4,999 (167 ) — — 4,832 BNW Tech-Innovation Private Equity Fund — 6,000 (58 ) — — 5,942 IGIS Real-estate Private Investment Trust No.33 — 13,945 154 — — 14,099 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Findvalue PreIPO 6th Professional Investment Type Private Investment Trust. W — 3,000 2 — — 3,002 WWG Global Real Estate Investment Trust no.4 — 16,874 878 — — 17,752 Fidelis Global Private Real Estate Trust No.2 — 18,582 903 — — 19,485 IGIS PRIVATE REAL ESTATE TRUST NO.331 — 3,932 (167 ) — — 3,765 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 — 45,082 3,262 — — 48,344 Pebblestone CGV Private Real Estate Trust No.1 — 12,793 553 — — 13,346 Shinhan AIM Real Estate Fund No.2(*2) — 36,186 (7,652 ) — (6,070 ) 22,464 Shinhan AIM Real Estate Fund No.1(*2) — 45,415 1,530 — — 46,945 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust (*2) — 32,258 686 — — 32,944 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust (*2) — 22,003 (1,101 ) — — 20,902 SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) — 7,273 (581 ) — — 6,692 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 (*2) — 4,859 (14 ) — — 4,845 Korea Omega-Shinhan Project Fund I — 6,000 (69 ) — — 5,931 New Green Shinhan Mezzanine Fund — 4,000 916 — — 4,916 KORAMKO-Daum Professional Private Investment Trust No.12 — 6,930 598 — — 7,528 Samsung SRA Real Estate Professional Private 45 — 10,701 (35 ) — — 10,666 IBK Global New Renewable Energy Special Asset Professional Private2 — 29,177 3,172 — — 32,349 VS Cornerstone Fund — 3,500 (36 ) — — 3,464 Aone Mezzanine Opportunity Professional Private — 8,000 1,580 — — 9,580 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance KiwoomUnicorn3New Technology Business Investment Fund W — 3,000 1,283 — — 4,283 Multi Asset The United States Thortons Professional Private1(*2) — 44,202 (2,762 ) — — 41,440 Kiwoom Milestone US Real Estate Professional Private20 — 49,791 1,721 — — 51,512 NH-Amundi US Infrastructure Private Fund2 (*2) — 24,647 783 — — 25,430 KB Distribution Private Real Estate1 (*2) — 29,984 714 — — 30,698 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust (*2) — 19,968 744 — — 20,712 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 (*2) — 28,251 898 — — 29,149 Kakao-Shinhan 1st TNYT Fund — 6,000 (319 ) — — 5,681 IMM Special Situation 1-2 — 10,000 870 — — 10,870 Pacific Private Placement Real Estate Fund No.40 — 11,273 374 — — 11,647 Mastern Private Real Estate Loan Fund No.2 — 5,740 (48 ) — — 5,692 LB Scotland Amazon Fulfillment Center Fund 29 — 30,753 429 — — 31,182 JR AMC Hungary Budapest Office Fund 16 — 11,380 824 — — 12,204 IGIS 372 Real Estate Professional Private — 58,200 (1,365 ) — — 56,835 KoFC-Neoplux R&D-Biz 2013-1 — 4,058 (228 ) — — 3,830 Future-Creation Neoplux Venture Capital Fund (*4) — 4,204 (408 ) — — 3,796 Gyeonggi-Neoplux Superman Fund (*4) — 7,665 (1,266 ) — — 6,399 NewWave 6th Fund (*4) — 6,242 (92 ) — — 6,150 Neoplux No.3 Private Equity Fund (*4) — 10,825 (530 ) — — 10,295 PCC Amberstone Private Equity Fund I(*2) — 22,066 414 — — 22,480 KIAMCO POWERLOAN TRUST 4TH — 43,390 565 — — 43,955 Mastern Opportunity Seeking Real Estate Fund II — 19,508 291 — — 19,799 AION ELFIS PROFESSIONAL PRIVATE 1 — 5,000 528 — — 5,528 2020 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance T&F 2020 SS Private Equity Fund Specializing in Start-up W — 4,500 (47 ) — — 4,453 Neoplux Market-Frontier Secondary Fund(*4) — 10,974 571 — — 11,545 Synergy Green New Deal 1st New Technology Business Investment Fund — 10,000 8 — — 10,008 KAIM Real-estate Private Investment Trust 20 — 5,000 98 — — 5,098 KIAMCO Vietnam Solar Special Asset Private Investment Trust — 8,150 (202 ) — — 7,948 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 — 3,125 — — — 3,125 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 — 44,780 (9 ) (177 ) — 44,594 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 — 44,780 (9 ) (177 ) — 44,594 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 — 16,000 (145 ) — — 15,855 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 — 30,000 (356 ) — — 29,644 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 — 21,142 — — — 21,142 Eum Private Equity Fund No.7 — 7,872 — — — 7,872 Kiwoom Private Equity Ant-Man — 5,034 — — — 5,034 Kiwoom Hero No.4 Private Equity Fund — 4,707 — — — 4,707 Vogo Canister Professional Trust Private Fund I(*2) — 43,975 — — — 43,975 Others 85,517 25,966 19,814 (5 ) — 131,292 W 1,452,861 1,056,238 159,533 (1,457 ) (9,407 ) 2,657,768 (*1) The Group has stopped recognizing its equity method income or loss due to the carrying value of ‘0’ resulting from the investees’ cumulative loss. (*2) Classified as investments in associates without cash transactions. (*3) For the year ended December 31, 2020, it is incorporated into the consolidation target as it held control due to increased equity ratio. (*4) For the year ended December 31, 2020, it is incorporated into the investments in associates as Neoplux Co., Ltd.is incorporated into the consolidation target. 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance BNP Paribas Cardif Life Insurance W 50,600 — (660 ) (5,918 ) — 44,022 Songrim Partners (*1) — — — — — — Partners 4th Growth Investment Fund 11,958 (16,144 ) 12,525 4,694 — 13,033 KTB Newlake Global Healthcare PEF 9,404 — 8 — — 9,412 Daekwang Semiconductor Co., Ltd. 3,631 (3,742 ) 113 (2 ) — — Shinhan-Neoplux Energy Newbiz Fund 14,470 475 1,087 — — 16,032 Shinhan-Albatross tech investment Fund 13,322 (9,000 ) 6,067 — — 10,389 VOGO Debt Strategy Qualified IV Private 8,702 (1,733 ) 210 — — 7,179 Shinhan-Midas Donga Secondary Fund 4,752 (500 ) (301 ) — — 3,951 ShinHan – Soo Young Entrepreneur Investment Fund No.1 9,968 (7,879 ) 2,137 — — 4,226 Shinhan Praxis K-Growth 9,945 (2,310 ) 126 — — 7,761 Credian Healthcare Private Equity Fund II 5,835 (5,835 ) — — — — Kiwoom Milestone Professional Private Real Estate Trust 19 9,918 (66 ) (361 ) — (4,238 ) 5,253 AIP EURO Green Private Real Estate Trust No.3 21,021 (1,335 ) 10,017 — — 29,703 Shinhan Global Healthcare Fund 1(*1) — — — — — — JB Power TL Investment Type Private Placement Special Asset Fund 7 16,186 (15,947 ) (239 ) — — — KB NA Hickory Private Special Asset Fund 34,938 (2,266 ) 1,704 — — 34,376 Koramco Europe Core Private Placement Real Estate Fund No.2-2 18,618 (1,204 ) 2,078 — — 19,492 BNP Paribas Cardif General Insurance 3,895 176 (708 ) (9 ) — 3,354 Hermes Private Investment Equity Fund 6,099 (3,167 ) 6,850 — — 9,782 Shinhan-Nvestor Liquidity Solution Fund 4,493 331 514 — — 5,338 Shinhan AIM FoF Fund 1a 8,760 (79 ) 475 — — 9,156 IGIS Global Credit Fund 150-1 7,282 (3,246 ) 1,366 — — 5,402 Partner One Value up I Private Equity Fund 11,779 (6,933 ) 3,045 — — 7,891 Genesis No.1 Private Equity Fund 80,113 388 (24,968 ) — — 55,533 Korea Omega Project Fund III 3,563 — 727 — — 4,290 Soo Delivery Platform Growth Fund 4,068 — 1,805 — — 5,873 Genesis North America Power Company No.1 PEF 16,983 (5,229 ) 1,982 — — 13,736 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Hyungje art printing(*2) W — — — — — — SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 10,582 24,500 6,467 — — 41,549 Korea Finance Security 3,055 — (61 ) — — 2,994 Multimedia Tech Co.Ltd.(*2) — — — — — — MIEL CO.,LTD.(*1) — — — — — — AIP Transportation Specialized Privately Placed Fund Trust #1 32,993 347 1,348 — — 34,688 DB Epic Convertiblebond Private Trust No.2 5,785 (5,538 ) (247 ) — — — E&Healthcare Investment Fund No.6 15,163 (3,431 ) (4,866 ) — — 6,866 One Shinhan Global Fund 1 4,029 (519 ) 263 — — 3,773 Kiwoom-Shinhan Innovation Fund I 15,969 (5,150 ) 912 — — 11,731 Daishin-K&T New Technology Investment Fund 7,000 — 991 — — 7,991 Midas Asset Global CRE Debt Private Fund No.6 47,389 (2,701 ) 3,617 — — 48,305 Richmond Private Investment Trust No.82 15,049 (19,411 ) 4,362 — — — Tiger Alternative Real Estate Professional Private5 18,499 (20,848 ) 2,349 — — — Samchully Midstream Private Placement Special Asset Fund 5-4 28,818 (843 ) (504 ) — — 27,471 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 65,616 (41,622 ) 1,210 — — 25,204 NH-Amundi Global Infrastructure Trust 14 18,819 (1,609 ) 1,091 — — 18,301 Jarvis Memorial Private Investment Trust 1 10,043 (700 ) 766 — — 10,109 Mastern Private Private Investment Trust 68 10,010 (10,332 ) 322 — — — Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 35,641 (4,981 ) 2,493 — — 33,153 Milestone Private Real Estate Fund 3 18,528 (472 ) 488 — — 18,544 IGIS Private Real Estate Investment Trust 286 8,844 (9,176 ) 332 — — — Nomura-Rifa Private Real Estate Investment Trust 31 8,407 (705 ) 200 — — 7,902 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 13,323 (3,511 ) 424 — — 10,236 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Hana Semiconductor New Technology Fund W 24,131 (26,129 ) 1,998 — — — J&Magnet Startup Venture Specialized Private Equity Fund 5,935 (7,247 ) 1,312 — — — Cape IT Fund No.3 10,649 (580 ) (4 ) — — 10,065 FuturePlay-Shinhan TechInnovation Fund 1 4,295 3,025 (171 ) — — 7,149 Stonebridge Corporate 1st Fund 3,239 — (275 ) — — 2,964 Vogo Realty Partners Private Real Estate Fund V 10,827 (681 ) 620 — — 10,766 Korea Credit Bureau 6,976 (90 ) 809 — — 7,695 Goduck Gangil1 PFV Co., Ltd.(*1) — — — — — — SBC PFV Co., Ltd. 18,208 12,499 (1,121 ) — — 29,586 NH-amundi global infra private fund 16 43,839 346 7,823 — — 52,008 IMM Global Private Equity Fund 120,855 (10,462 ) 8,222 — — 118,615 HANA Alternative Estate Professional Private122 29,631 (1,001 ) 859 — — 29,489 Hanwha-Incus Plus New Technology Fund No.1 11,026 (8,284 ) (2,742 ) — — — SH Corporate Professional Investment Type Private Security Investment Trust No.7 51,210 (1,518 ) 207 — — 49,899 SH BNCT Professional Investment Type Private Special Asset Investment Trust 286,531 (15,191 ) 10,859 — — 282,199 PSA EMP Private Equity Fund 9,814 (9,755 ) (59 ) — — — Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 29,401 (2,630 ) 1,541 — — 28,312 BRAIN DO PROFESSIONALE PRIVATE No. 27 3,441 (3,048 ) 583 — — 976 UI Venture Fund 7th 3,279 (3,269 ) (10 ) — — — Sparklabs-Shinhan Opportunity Fund 1 4,832 — (192 ) — — 4,640 BNW Tech-Innovation Private Equity Fund 5,942 — (61 ) — — 5,881 IGIS Real-estate Private Investment Trust No.33 14,099 (714 ) 499 — — 13,884 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust 3,002 (3,301 ) 299 — — — WWG Global Real Estate Investment Trust no.4 17,752 (7,855 ) 747 — — 10,644 Goduck Gangil10 PFV Co., Ltd (*1) 32 — (32 ) — — — Notes to the Consolidated Financial Statements (In millions of won) 15. Investments in associates (continued) 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Fidelis Global Private Real Estate Trust No.2 W 19,485 (911 ) 1,199 — — 19,773 IGIS PRIVATE REAL ESTATE TRUST NO.331 3,765 (3,765 ) — — — — AIP EURO PRIVATE REAL ESTATE TRUST No. 12 48,344 (5,436 ) 6,309 — — 49,217 Shinhan Healthcare Fund 2 (*1) 986 — (75 ) — (911 ) — Pebblestone CGV Private Real Estate Trust No.1 13,346 (748 ) 1,112 — — 13,710 SH Corporate Professional Investment Type Private Security Investment Trust No.45 — 174,154 (199 ) — — 173,955 Shinhan AIM Real Estate Fund No.2 22,464 1,911 (1,100 ) — — 23,275 Shinhan AIM Real Estate Fund No.1 46,945 (4,412 ) 1,779 — — 44,312 SH Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust 32,944 (911 ) 915 — — 32,948 SH Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust 20,902 7 (359 ) — — 20,550 SH Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 6,692 13,667 (1,504 ) — — 18,855 SH Japan Photovoltaic Private Special Asset Investment Trust No.1 4,845 (4,845 ) — — — — Korea Omega-Shinhan Project Fund I 5,931 2,000 (687 ) — — 7,244 ST-Bonanja Food tech 1,993 — 1,366 — — 3,359 New Green Shinhan Mezzanine Fund 4,916 (5,622 ) 706 — — — KORAMKO-Daum Professional Private Investment Trust No.12 7,528 (7,756 ) 228 — — — Samsung SRA Real Estate Professional Private 45 10,666 2,656 (442 ) — — 12,880 IBK Global New Renewable Energy Special Asset Professional Private2 32,349 (1,988 ) 1,526 — — 31,887 VS Cornerstone Fund 3,464 — (54 ) — — 3,410 Aone Mezzanine Opportunity Professional Private 9,580 (28 ) (12 ) — — 9,540 KiwoomUnicorn3 New Technology Business Investment Fund 4,283 (3,633 ) (650 ) — — — Multi Asset The United States Thortons Professional Private1 41,440 (41,607 ) 167 — — — 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Kiwoom Milestone US Real Estate Professional Private20 W 51,512 (51,512 ) — — — — NH-Amundi US Infrastructure Private Fund2 25,430 207 1,387 — — 27,024 KB Distribution Private Real Estate1 30,698 (1,423 ) 1,419 — — 30,694 SH Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust 20,712 (22,293 ) 1,581 — — — SH Japan Photovoltaic Private Special Asset Investment Trust No.2 29,149 (16,798 ) 665 — — 13,016 Kakao-Shinhan 1st TNYT Fund 5,681 9,000 (184 ) — — 14,497 IMM Special Situation 1-2 10,870 (160 ) 883 — — 11,593 Pacific Private Placement Real Estate Fund No.40 11,647 (747 ) 698 — — 11,598 Mastern Private Real Estate Loan Fund No.2 5,692 1,429 370 — — 7,491 LB Scotland Amazon Fulfillment Center Fund 29 31,182 (1,734 ) 1,820 — — 31,268 JR AMC Hungary Budapest Office Fund 16 12,204 (821 ) 757 — — 12,140 IGIS 372 Real Estate Professional Private 56,835 (56,835 ) — — — — EDNCENTRAL Co.,Ltd. (*1) 1,040 — (1,040 ) — — — KoFC-Neoplux R&D-Biz 2013-1 3,830 (8,388 ) 4,558 — — — Future-Creation Neoplux Venture Capital Fund 3,796 (995 ) 216 — — 3,017 Gyeonggi-Neoplux Superman Fund 6,399 (2,257 ) 3,736 — — 7,878 NewWave 6th Fund 6,150 7,575 730 — — 14,455 KTC-NP 2011-2 2,853 — 1,137 — — 3,990 Neoplux No.3 Private Equity Fund 10,295 10,182 2,124 — — 22,601 PCC Amberstone Private Equity Fund I 22,480 (2,356 ) 2,666 — — 22,790 KIAMCO POWERLOAN TRUST 4TH 43,955 (164 ) 1,510 — — 45,301 Mastern Opportunity Seeking Real Estate Fund II 19,799 (737 ) 2,255 — — 21,317 AION ELFIS PROFESSIONAL PRIVATE 1 5,528 (1,350 ) 244 — — 4,422 T&F 2020 SS Private Equity Fund Specializing in Start-up 4,453 — (93 ) — — 4,360 Neoplux Market-Frontier Secondary Fund 11,545 (614 ) 382 — — 11,313 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Harvest Private Equity Fund II W 2,982 — 499 — — 3,481 Synergy Green New Deal 1st New Technology Business Investment Fund 10,008 (247 ) (77 ) — — 9,684 KAIM Real-estate Private Investment Trust 20 5,098 (350 ) 300 — — 5,048 KIAMCO Vietnam Solar Special Asset Private Investment Trust 7,948 (1,112 ) 691 — — 7,527 Daishin New Technology Investment Fund 5th 2,850 — 1,589 — — 4,439 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 3,125 — 122 — — 3,247 Acurus Hyundai Investment Partners New Technology 2,927 — 1,787 — — 4,714 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 44,594 4,103 11,371 3,876 — 63,944 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 44,594 4,103 11,371 3,876 — 63,944 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 15,855 — (1,077 ) — — 14,778 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 29,644 (29,644 ) — — — — SHINHAN-NEO 1,979 3,960 (248 ) — — 5,691 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 21,142 5,271 830 — — 27,243 SIMONE Mezzanine Fund No.3 2,980 — 74 — — 3,054 Eum Private Equity Fund No.7 7,872 121 (120 ) — — 7,873 Kiwoom Private Equity Ant-Man 5,034 — 2,560 — — 7,594 Kiwoom Hero No.4 Private Equity Fund 4,707 — (402 ) — — 4,305 Vogo Canister Professional Trust Private Fund I 43,975 (4,712 ) 1,809 — — 41,072 SW-S — 7,000 (276 ) — — 6,724 CL Buyout 1st PEF — 13,875 (84 ) — — 13,791 Timefolio The Venture-V — 4,000 572 — — 4,572 Newlake Growth Capital Partners2 PEF — 13,000 (79 ) — — 12,921 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Shinhan Smilegate Global PEF I W — 3,376 (40 ) — — 3,336 Fount Professional Investors Private Investment Trust No.3 — 5,000 197 — — 5,197 Genesis Eco No.1 PEF — 11,292 (162 ) — — 11,130 SHINHAN-NEO — 25,620 (1,014 ) — — 24,606 NH-Synergy — 6,500 (63 ) — — 6,437 J& Moorim Jade Investment Fund — 5,500 40 — — 5,540 Ulmus SHC innovation investment fund — 5,000 192 — — 5,192 Mirae Asset Partners X Private Equity Fund — 8,000 (142 ) — — 7,858 T Core Industrial Technology 1st Venture PEF — 4,500 35 — — 4,535 Curious Finale Corporate Recovery Private Equity Fund — 3,377 313 — — 3,690 TI First Property Private Investment Trust 1 — 2,879 176 — — 3,055 MPLUS Professional Private Real Estate Fund 25 — 3,010 280 — — 3,290 IBKC Global Contents Investment Fund — 5,000 (57 ) — — 4,943 Nautic Smart No.6 Private Equity Fund — 4,000 (26 ) — — 3,974 Premier Luminous Private Equity Fund — 7,095 (104 ) — — 6,991 Hanyang-Meritz 1 Fund — 3,500 (17 ) — — 3,483 KNT 2ND PRIVATE EQUITY FUND — 3,000 1,157 — — 4,157 Maple Mobility Fund — 9,274 (591 ) — — 8,683 AVES 1st Corporate Recovery Private Equity Fund — 4,800 (64 ) — — 4,736 JS Shinhan Private Equity Fund — 5,076 (39 ) — — 5,037 Daishin Newgen New Technology Investment Fund 1st — 8,000 4,169 — — 12,169 META ESG Private Equity Fund I — 5,726 (49 ) — — 5,677 SWFV FUND-1 — 9,700 (54 ) — — 9,646 PHAROS DK FUND — 4,000 (51 ) — — 3,949 Shinhan VC tomorrow venture fund 1 — 9,113 (71 ) — — 9,042 Highland 2021-8 — 4,900 (1 ) — — 4,899 Medicii 2021-3 — 9,752 (24 ) — — 9,728 Tres-Yujin Trust — 10,000 (5 ) — — 9,995 Shinhan-Time mezzanine blind Fund — 15,000 (58 ) — — 14,942 Capstone REITs No.26 — 4,849 (454 ) — — 4,395 JB Incheon-Bucheon REITS No.54 — 5,000 (1 ) — — 4,999 2021 Investees Beginning Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Hankook Smart Real Asset Investment Trust No.3 W — 4,173 169 — — 4,342 JB Hwaseong-Hadong REITs No.53 — 5,000 (1 ) — — 4,999 KB Oaktree Trust No.3 — 3,141 18 — — 3,159 Daehan No.36 Office Asset Management Company — 21,500 — — — 21,500 Rhinos Premier Mezzanine Private Investment Fund No.1 — 3,000 5 — — 3,005 SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 — 19,426 477 — — 19,903 Shinhan JigaeNamsan Road Private Special Asset Investment Trust — 39,996 109 — — 40,105 SKS-Yozma Fund No.1 — 6,000 (55 ) — — 5,945 IBKC-METIS Global Contents Investment Fund — 4,000 — — — 4,000 Keistone Unicorn Private Equity Fund — 6,300 — — — 6,300 Others 121,040 63,729 5,881 (3 ) (5,570 ) 185,077 W 2,657,768 101,582 158,600 6,514 (10,719 ) 2,913,745 (*1) The Group has stopped recognizing its equity method income or loss due to the carrying value of ‘0’ resulting from the investees’ cumulative loss. (*2) For the year ended December 31, 2020, the Group has stopped recognizing its equity method income or loss to accumulated deficits and the shares are retired for the year ended December 31, 2021. (*3) Classified as investments in associates without cash transactions. |
Condensed statement of financial position information of associates | (c) The statement of financial information as of and for the years ended December 31, 2020 and 2021 are as follows: 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) BNP Paribas Cardif Life Insurance W 3,526,148 3,188,562 38,669 (6,555 ) (7,052 ) (13,607 ) Songrim Partners 1,003 1,065 548 — — — Partners 4th Growth Investment Fund 48,678 846 7,231 6,059 — 6,059 KTB Newlake Global Healthcare PEF 31,005 225 598 244 — 244 Daekwang Semiconductor Co., Ltd. 23,682 6,339 3,836 1,163 — 1,163 Shinhan-Neoplux Energy Newbiz Fund 44,615 25 4,221 1,749 — 1,749 Shinhan-Albatross tech investment Fund 27,685 385 982 594 — 594 Eum Private Equity Fund No.3 20 4 13,445 9,875 — 9,875 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Meritz AI-SingA330-A W 1 1 89 89 — 89 Meritz AI-SingA330-B 2 2 363 361 — 361 VOGO Debt Strategy Qualified INV Private 43,540 28 6,361 2,359 — 2,359 Shinhan-Midas Donga Secondary Fund 9,504 — 365 233 — 233 ShinHan – Soo Young Entrepreneur Investment Fund No.1 41,532 — 16,561 16,349 — 16,349 Shinhan Praxis K-Growth 52,890 183 201 (2,306 ) — (2,306 ) Credian Healthcare Private Equity Fund II 17,141 15 25,926 24,638 — 24,638 Kiwoom Milestone Professional Private Real Estate Trust 19 58,393 38,558 2,772 (449 ) — (449 ) AIP EURO Green Private Real Estate Trust No.3 98,866 86 6,893 6,231 — 6,231 Hanhwa US Equity Strategy Private Real Estate Fund No.1 5,798 721 32,667 7,180 — 7,180 Shinhan Global Healthcare Fund 1 55 2,104 1,034 (74,736 ) — (74,736 ) JB Power TL Investment Type Private Placement Special Asset Fund 7 48,605 45 23,547 2,251 — 2,251 KB NA Hickory Private Special Asset Fund 93,236 69 13,464 4,312 — 4,312 Koramco Europe Core Private Placement Real Estate Fund No.2-2 46,239 3,948 4,920 877 — 877 BNP Paribas Cardif General Insurance 85,278 33,063 23,632 (7,972 ) (161 ) (8,133 ) Hermes Private Investment Equity Fund 20,919 8 11 (948 ) — (948 ) Shinhan-Nvestor Liquidity Solution Fund 18,032 — 2,704 2,537 — 2,537 Shinhan AIM FoF Fund 1a 35,060 20 4,378 777 — 777 IGIS Global Credit Fund 150-1 29,153 24 10,076 6,263 — 6,263 Soo Commerce Platform Growth Fund 4,661 3 13,172 13,314 — 13,314 Partner One Value up I Private Equity Fund 42,205 — 457 (329 ) — (329 ) Genesis No.1 Private Equity Fund 382,353 31,024 158,070 125,312 — 125,312 Korea Omega Project Fund III 15,141 — 2,383 2,323 — 2,323 Soo Delivery Platform Growth Fund 13,563 3 11,300 10,249 — 10,249 Genesis North America Power Company No.1 PEF 48,221 5,727 6,976 6,449 — 6,449 Hyungje art printing 866 1,130 253 — — — 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 W 46,514 1,164 11,240 2,846 — 2,846 Shinhan-Rhinos 1 Fund 11,561 1 2,784 2,554 — 2,554 Pacific Private Investment Trust No.20 13,805 11 974 974 — 974 Susung Mezzanine project P1 Private Investment Trust 3,220 — 3,412 (373 ) — (373 ) Korea Finance Security 37,522 17,032 118,906 (1,174 ) — (1,174 ) Multimedia Tech Co.Ltd 593 662 555 (158 ) — (158 ) MIEL CO.,LTD 474 559 585 (169 ) — (169 ) AIP Transportation Specialized Privately Placed Fund Trust #1 92,454 101 17,221 132 — 132 DB Epic Convertiblebond Private Trust No.2 11,382 34 1,169 1,021 — 1,021 E&Healthcare Investment Fund No.6 72,023 — 36,332 33,844 — 33,844 One Shinhan Global Fund1 22,244 — 92 (406 ) — (406 ) Kiwoom-Shinhan Innovation Fund I 32,096 158 2,984 2,371 — 2,371 Daishin-K&T New Technology Investment Fund 55,501 33,101 64 (183 ) — (183 ) Midas Asset Global CRE Debt Private Fund No.6 115,240 118 7,041 5,153 — 5,153 Richmond Private Investment Trust No.82 49,961 24,879 1,658 1,306 — 1,306 Tiger Alternative Real Estate Professional Private5 38,064 86 7,827 113 — 113 Samchully Midstream Private Placement Special Asset Fund 5-4 67,177 36 8,012 (2,228 ) — (2,228 ) SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 327,973 56 13,607 12,656 — 12,656 NH-Amundi Global Infrastructure Trust 14 62,729 1 7,216 2,606 — 2,606 Jarvis Memorial Private Investment Trust 1 10,147 4 651 647 — 647 Mastern Private Private Invetstment Trust 68 18,620 — 878 877 — 877 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 59,422 20 6,374 1,224 — 1,224 Milestone Private Real Estate Fund 3 57,792 2 7,083 6,797 — 6,797 IGIS Private Real Estate Investment Trust 286 74,406 53,065 5,298 696 — 696 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Nomura-Rifa Private Real Estate Investment Trust 31 W 98,291 71,442 7,584 1,356 — 1,356 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 62,682 45 6,511 6,169 — 6,169 Hana Semiconductor New Technology Fund 111,661 12,346 70,303 56,926 — 56,926 J&Magnet Startup Venture Specialized Private Equity Fund 24,381 50 8,291 8,638 — 8,638 Cape IT Fund No.3 32,448 75 4,145 3,837 — 3,837 FuturePlay-Shinhan TechInnovation Fund 1 8,621 31 5 (469 ) — (469 ) Stonebridge Corporate 1st Fund 7,342 1 679 584 — 584 Vogo Realty Partners Private Real Estate Fund V 50,139 99 8,137 4,701 — 4,701 Korea Credit Bureau 114,571 37,062 93,275 3,992 — 3,992 Goduck Gangil1 PFV Co., Ltd 334,349 348,276 — (10,065 ) — (10,065 ) SBC PFV Co., Ltd 119,994 7,199 — (7,169 ) — (7,169 ) NH-amundi global infra private fund 16 87,908 230 20,499 (6,215 ) — (6,215 ) IMM Global Private Equity Fund 367,570 1,368 17,222 2,995 — 2,995 HANA Alternative Estate Professional Private122 39,449 38 6,836 5,487 — 5,487 Hanwha-Incus Plus New Technology Fund No.1 25,860 — 13,169 12,961 — 12,961 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7 198,644 87,218 4,479 3,329 — 3,329 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 395,815 — 14,737 11,688 — 11,688 PSA EMP Private Equity Fund 33,953 97 8 (393 ) — (393 ) Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 57,026 784 13,342 339 — 339 BRAIN DO PROFESSIONALE PRIVATE No. 27 11,827 12 1,414 1,292 — 1,292 UI Venture Fund 7th 13,466 21 2,044 1,145 — 1,145 Sparklabs-Shinhan Opportunity Fund 1 9,760 — — (340 ) — (340 ) BNW Tech-Innovation Private Equity Fund 20,119 213 45 (194 ) — (194 ) IGIS Real-estate Private Investment Trust No.33 88,319 53,812 1,570 378 — 378 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Findvalue PreIPO 6th Professional Investment Type Private Investment Trust W 9,505 — 5 5 — 5 WWG Global Real Estate Investment Trust no.4 60,083 12 8,431 2,971 — 2,971 Fidelis Global Private Real Estate Trust No.2 24,901 2 1,902 1,214 — 1,214 IGIS PRIVATE REAL ESTATE TRUST NO.331 57,655 45,417 20 (388 ) — (388 ) AIP EURO PRIVATE REAL ESTATE TRUST No. 12 173,538 783 40,882 13,425 — 13,425 Pebblestone CGV Private Real Estate Trust No.1 63,907 36,405 7,451 1,141 — 1,141 Shinhan AIM Real Estate Fund No.2 75,018 138 7,611 (45,741 ) — (45,741 ) Shinhan AIM Real Estate Fund No.1 223,471 28 22,855 7,284 — 7,284 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust 149,686 75 3,342 3,117 — 3,117 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust 71,774 169 4,948 (3,773 ) — (3,773 ) SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 9,380 12 576 (814 ) — (814 ) SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 61,389 45,239 47,240 (46 ) — (46 ) Korea Omega-Shinhan Project Fund I 11,861 — — (139 ) — (139 ) New Green Shinhan Mezzanine Fund 12,538 1 2,387 2,337 — 2,337 KORAMKO-Daum Professional Private Investment Trust No.12 22,740 157 1,949 1,792 — 1,792 Samsung SRA Real Estate Professional Private 45 42,895 230 4,155 (355 ) — (355 ) IBK Global New Renewable Energy Special Asset Professional Private2 116,284 4,679 19,514 10,943 — 10,943 VS Cornerstone Fund 8,413 — 2 (87 ) — (87 ) Aone Mezzanine Opportunity Professional Private 14,530 40 2,507 2,390 — 2,390 KiwoomUnicorn3New Technology Business Investment Fund 20,132 — 6,112 6,031 — 6,031 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Multi Asset The United States Thortons Professional Private1 W 165,775 15 2,111 671 — 671 Kiwoom Milestone US Real Estate Professional Private20 68,591 157 3,508 2,286 — 2,286 NH-Amundi US Infrastructure Private Fund2 99,409 1,248 16,758 3,025 — 3,025 KB Distribution Private Real Estate1 50,013 500 1,174 1,151 — 1,151 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust 71,647 54 2,677 2,571 — 2,571 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 97,412 248 5,176 2,993 — 2,993 Kakao-Shinhan 1st TNYT Fund 12,014 331 2 (657 ) — (657 ) IMM Special Situation 1-2 54,328 33 4,378 4,344 — 4,344 Pacific Private Placement Real Estate Fund No.40 145,123 98,029 2,554 1,511 — 1,511 Mastern Private Real Estate Loan Fund No.2 17,156 201 98 (143 ) — (143 ) LB Scotland Amazon Fulfillment Center Fund 29 44,483 28 1,975 612 — 612 JR AMC Hungary Budapest Office Fund 16 38,581 1,112 2,531 2,531 — 2,531 IGIS 372 Real Estate Professional Private 628,769 428,577 10,221 (4,808 ) — (4,808 ) KoFC-Neoplux R&D-Biz 2013-1 18,460 2,824 1,673 240 — 240 Future-Creation Neoplux Venture Capital Fund 27,271 4,137 7,270 4,300 — 4,300 Gyeonggi-Neoplux Superman Fund 31,898 186 533 (212 ) — (212 ) NewWave 6th Fund 20,501 — 2,757 1,528 — 1,528 Neoplux No.3 Private Equity Fund 103,712 756 9,114 (7,108 ) — (7,108 ) PCC Amberstone Private Equity Fund I 104,930 1,194 12,280 5,501 — 5,501 KIAMCO POWERLOAN TRUST 4TH 92,817 23 815 1,193 — 1,193 Mastern Opportunity Seeking Real Estate Fund II 99,087 93 1,391 1,453 — 1,453 AION ELFIS PROFESSIONAL PRIVATE 1 27,672 30 2,710 2,642 — 2,642 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) T&F 2020 SS Private Equity Fund Specializing in Start-up W 15,074 73 — (160 ) — (160 ) Neoplux Market-Frontier Secondary Fund 56,363 1,636 1,359 (339 ) — (339 ) Synergy Green New Deal 1st New Technology Business Investment Fund 35,539 12 39 27 — 27 KAIM Real-estate Private Investment Trust 20 13,254 — 254 254 — 254 KIAMCO Vietnam Solar Special Asset Private Investment Trust 15,902 6 — (404 ) — (404 ) CSQUARE SNIPER PROFESSIONAL PRIVATE 10 5,010 10 10 — — — IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 45,582 9 — (9 ) — (9 ) IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 45,582 9 — (9 ) — (9 ) Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 141,811 93,336 1 1,290 — 1,290 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 116,853 66,459 — (605 ) — (605 ) SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 70,487 14 194 180 — 180 Kiwoom Private Equity Ant-Man 20,174 40 4,210 4,134 — 4,134 Kiwoom Hero No.4 Private Equity Fund 22,359 1 — 3,358 — 3,358 Vogo Canister Professional Trust Private Fund I 119,968 76 17,022 4,148 — 4,148 (*) Excluded the financial information of associates that are not subject to equity method due to disposal or of which the financial information is not available as of end of the year. 2021 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) BNP Paribas Cardif Life Insurance W 3,268,153 2,974,519 48,207 (4,499 ) (39,454 ) (43,953 ) Songrim Partners 1,003 1,065 548 — — — Partners 4th Growth Investment Fund 60,073 7,939 52,019 50,100 18,774 68,874 KTB Newlake Global Healthcare PEF 30,969 161 552 27 — 27 Shinhan-Neoplux Energy Newbiz Fund 66,213 1,002 20,575 18,016 — 18,016 Shinhan-Albatross tech investment Fund 20,677 464 12,058 10,912 — 10,912 VOGO Debt Strategy Qualified IV Private 35,919 23 5,393 1,138 — 1,138 Shinhan-Midas Donga Secondary Fund 7,902 — 72 (602 ) — (602 ) ShinHan – Soo Young Entrepreneur Investment Fund No.1 17,960 352 27,318 8,906 — 8,906 Shinhan Praxis K-Growth 41,193 60 1,217 669 — 669 Kiwoom Milestone Professional Private Real Estate Trust 19 49,101 38,596 2,505 (9,199 ) — (9,199 ) AIP EURO Green Private Real Estate Trust No.3 219,110 79,534 52,789 47,070 — 47,070 Shinhan Global Healthcare Fund 1 43 3,507 — (1,414 ) — (1,414 ) KB NA Hickory Private Special Asset Fund 91,752 84 15,540 4,502 — 4,502 Koramco Europe Core Private Placement Real Estate Fund No.2-2 46,169 1,894 7,743 4,719 — 4,719 BNP Paribas Cardif General Insurance 140,179 78,748 61,951 (6,872 ) (28 ) (6,900 ) Hermes Private Investment Equity Fund 33,545 8 23,536 23,486 — 23,486 Shinhan-Nvestor Liquidity Solution Fund 21,420 — 2,169 2,064 — 2,064 Shinhan AIM FoF Fund 1a 36,651 28 4,527 (1,466 ) — (1,466 ) IGIS Global Credit Fund 150-1 21,625 16 3,138 1,763 — 1,763 Partner One Value up I Private Equity Fund 28,273 — 304 10,910 — 10,910 2021 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Genesis No.1 Private Equity Fund W 243,534 — — (109,494 ) — (109,494 ) Korea Omega Project Fund III 18,234 — 3,154 3,093 — 3,093 Soo Delivery Platform Growth Fund 19,578 — 6,243 6,018 — 6,018 Genesis North America Power Company No.1 PEF 34,626 316 11,654 4,951 — 4,951 SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 178,427 358 28,997 27,719 — 27,719 Korea Finance Security 35,044 14,966 63,693 (412 ) — (412 ) MIEL CO.,LTD. 491 632 36 (56 ) — (56 ) AIP Transportation Specialized Privately Placed Fund Trust #1 104,512 7,415 16,239 3,773 — 3,773 E&Healthcare Investment Fund No.6 32,615 — 17,133 (23,116 ) — (23,116 ) One Shinhan Global Fund 1 15,799 41 8,276 (1,280 ) — (1,280 ) Kiwoom-Shinhan Innovation Fund I 23,613 151 4,803 1,823 — 1,823 Daishin-K&T New Technology Investment Fund 25,637 66 8,639 3,171 — 3,171 Midas Asset Global CRE Debt Private Fund No.6 117,396 49 2,817 1,451 — 1,451 Samchully Midstream Private Placement Special Asset Fund 5-4 65,966 35 11,141 (4,113 ) — (4,113 ) SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 126,043 23 6,544 6,048 — 6,048 NH-Amundi Global Infrastructure Trust 14 61,005 1 4,134 4 — 4 Jarvis Memorial Private Investment Trust 1 10,214 4 39 35 — 35 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 55,273 19 6,500 23 — 23 Milestone Private Real Estate Fund 3 57,956 114 1,880 1,522 — 1,522 2021 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Nomura-Rifa Private Real Estate Investment Trust 31 W 97,211 72,103 7,364 639 — 639 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 48,157 33 2,106 1,991 — 1,991 Cape IT Fund No.3 30,651 52 2,100 (11 ) — (11 ) FuturePlay-Shinhan TechInnovation Fund 1 14,297 — 3 (342 ) — (342 ) Stonebridge Corporate 1st Fund 6,718 — 1 (622 ) — (622 ) Vogo Realty Partners Private Real Estate Fund V 49,842 82 2,110 (2,066 ) — (2,066 ) Korea Credit Bureau 129,478 43,981 121,982 8,988 — 8,988 Goduck Gangil1 PFV Co., Ltd 301,513 317,276 88,085 (1,835 ) — (1,835 ) SBC PFV Co., Ltd. 334,262 175,976 — (4,462 ) — (4,462 ) NH-amundi global infra private fund 16 297,837 193,821 25,560 14,770 — 14,770 IMM Global Private Equity Fund 362,514 3,099 50,060 24,933 — 24,933 HANA Alternative Estate Professional Private122 39,878 38 2,608 1,160 — 1,160 SH Corporate Professional Investment Type Private Security Investment Trust No.7 268,037 167,939 3,231 415 — 415 SH BNCT Professional Investment Type Private Special Asset Investment Trust 389,240 — 14,978 14,978 — 14,978 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 54,914 756 23,920 2,948 — 2,948 BRAIN DO PROFESSIONALE PRIVATE No. 27 3,351 — 2,002 2,002 — 2,002 Sparklabs-Shinhan Opportunity Fund 1 9,372 — — (388 ) — (388 ) BNW Tech-Innovation Private Equity Fund 20,215 513 95 (204 ) — (204 ) IGIS Real-estate Private Investment Trust No.33 87,790 53,808 1,123 440 — 440 2021 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) WWG Global Real Estate Investment Trust no.4 W 36,030 11 2,538 293 — 293 Goduck Gangil10 PFV Co., Ltd 253,607 261,969 — (8,526 ) — (8,526 ) Fidelis Global Private Real Estate Trust No.2 25,271 6 1,575 1,532 — 1,532 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 172,398 909 23,567 21,983 — 21,983 Shinhan Healthcare Fund 2 35 138 340 (7,310 ) — (7,310 ) Pebblestone CGV Private Real Estate Trust No.1 64,667 36,415 7,147 2,350 — 2,350 Shinhan AIM Real Estate Fund No.2 79,162 1,580 9,672 (3,666 ) — (3,666 ) Shinhan AIM Real Estate Fund No.1 226,809 15,901 20,209 8,467 — 8,467 SH Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust 149,702 75 4,451 4,152 — 4,152 SH Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust 70,637 236 — (1,231 ) — (1,231 ) SH Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) 26,429 33 2,310 (2,105 ) — (2,105 ) Korea Omega-Shinhan Project Fund I 14,488 — — (1,373 ) — (1,373 ) ST-Bonanja Food tech 8,650 — 3,666 3,519 — 3,519 Samsung SRA Real Estate Professional Private 45 56,083 4,564 3,833 (1,769 ) — (1,769 ) IBK Global New Renewable Energy Special Asset Professional Private2 114,645 4,633 5,520 5,265 — 5,265 VS Cornerstone Fund 8,281 — 2 (132 ) — (132 ) Aone Mezzanine Opportunity Professional Private 15,247 800 1,409 (18 ) — (18 ) NH-Amundi US Infrastructure Private Fund2 104,374 61 6,769 5,351 — 5,351 2021 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) KB Distribution Private Real Estate1 W 50,014 508 2,335 2,289 — 2,289 SH Japan Photovoltaic Private Special Asset Investment Trust No.2 43,540 155 7,216 2,216 — 2,216 Kakao-Shinhan 1st TNYT Fund 29,948 133 8 (379 ) — (379 ) IMM Special Situation 1-2 57,965 3 4,610 4,418 — 4,418 Pacific Private Placement Real Estate Fund No.40 46,898 — 398 398 — 398 Mastern Private Real Estate Loan Fund No.2 22,453 139 549 410 — 410 LB Scotland Amazon Fulfillment Center Fund 29 44,614 37 5,177 3,345 — 3,345 JR AMC Hungary Budapest Office Fund 16 38,545 1,271 — — — — EDNCENTRAL Co.,Ltd. 94,405 96,892 1,381 (5,093 ) — (5,093 ) Future-Creation Neoplux Venture Capital Fund 22,488 3,919 10,294 1,332 — 1,332 Gyeonggi-Neoplux Superman Fund 36,815 620 21,349 17,163 — 17,163 NewWave 6th Fund 48,185 — 4,009 2,434 — 2,434 KTC-NP 2011-2 80,853 9,024 20,479 20,472 — 20,472 Neoplux No.3 Private Equity Fund 226,970 962 38,467 21,233 — 21,233 PCC Amberstone Private Equity Fund I 105,169 — 12,174 12,302 — 12,302 KIAMCO POWERLOAN TRUST 4TH 95,658 24 3,282 3,188 — 3,188 Mastern Opportunity Seeking Real Estate Fund II 111,276 4,692 11,332 11,274 — 11,274 AION ELFIS PROFESSIONAL PRIVATE 1 22,143 31 4,212 1,219 — 1,219 T&F 2020 SS Private Equity Fund Specializing in Start-up 15,062 374 — (312 ) — (312 ) Neoplux Market-Frontier Secondary Fund 58,273 954 7,913 1,932 — 1,932 Harvest Private Equity Fund II 15,877 97 2,496 2,262 — 2,262 2021 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Synergy Green New Deal 1st New Technology Business Investment Fund W 34,379 — 977 (272 ) — (272 ) KAIM Real-estate Private Investment Trust 20 13,125 — 125 125 — 125 KIAMCO Vietnam Solar Special Asset Private Investment Trust 15,065 12 — — — — Daishin New Technology Investment Fund 5th 18,970 30 6,903 6,778 — 6,778 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 5,269 75 425 195 — 195 Acurus Hyundai Investment Partners New Technology 17,642 42 6,881 6,679 — 6,679 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 60,740 59 6,767 6,637 2,339 8,976 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 60,740 59 6,767 6,637 2,339 8,976 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 134,667 94,282 6 (8,090 ) — (8,090 ) SHINHAN-NEO 11,439 — 5 (499 ) — (499 ) SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 90,848 38 3,650 2,767 — 2,767 SIMONE Mezzanine Fund No.3 10,404 9 345 253 — 253 Eum Private Equity Fund No.7 37,495 — — (573 ) — (573 ) Kiwoom Private Equity Ant-Man 30,434 59 10,475 10,241 — 10,241 Kiwoom Hero No.4 Private Equity Fund 20,478 29 1 (1,908 ) — (1,908 ) 2021 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Vogo Canister Professional Trust Private Fund I W 112,505 72 16,029 4,949 — 4,949 SW-S 22,191 — — (909 ) — (909 ) CL Buyout 1st PEF 64,518 159 1 (390 ) — (390 ) Timefolio The Venture-V 22,829 769 3,361 2,941 — 2,941 Newlake Growth Capital Partners2 PEF 43,187 — 290 (263 ) — (263 ) Shinhan Smilegate Global PEF I 23,469 — — (281 ) — (281 ) Fount Professional Investors Private Investment Trust No.3 10,416 17 411 394 — 394 Genesis Eco No.1 PEF 38,369 4 308 (377 ) — (377 ) SHINHAN-NEO 58,138 513 1,466 (2,375 ) — (2,375 ) NH-Synergy 17,430 — — (170 ) — (170 ) J& Moorim Jade Investment Fund 22,265 6 356 160 — 160 Ulmus SHC innovation investment fund 21,601 — 956 801 — 801 Mirae Asset Partners X Private Equity Fund 22,035 33 1 (398 ) — (398 ) T Core Industrial Technology 1st Venture PEF 14,418 5 197 113 — 113 Curious Finale Corporate Recovery Private Equity Fund 13,346 61 1,275 1,126 — 1,126 TI First Property Private Investment Trust 1 7,654 17 156 139 — 139 MPLUS Professional Private Real Estate Fund 25 8,186 290 451 396 — 396 IBKC Global Contents Investment Fund 20,265 — — (235 ) — (235 ) Nautic Smart No.6 Private Equity Fund 10,565 32 50 (68 ) — (68 ) Premier Luminous Private Equity Fund 25,170 3 — (375 ) — (375 ) Hanyang-Meritz 1 Fund 15,423 — — (77 ) — (77 ) KNT 2ND PRIVATE EQUITY FUND 19,133 9 5,402 5,324 — 5,324 Maple Mobility Fund 43,024 1 — (2,930 ) — (2,930 ) AVES 1st Corporate Recovery Private Equity Fund 6,215 — — (85 ) — (85 ) 2021 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) JS Shinhan Private Equity Fund W 130,967 1 7 (1,036 ) — (1,036 ) Daishin Newgen New Technology Investment Fund 1 st 24,050 2 1 8,238 — 8,238 META ESG Private Equity Fund I 21,722 — 1 (178 ) — (178 ) SWFV FUND-1 24,055 90 — (135 ) — (135 ) PHAROS DK FUND 16,349 60 — (210 ) — (210 ) Shinhan VC tomorrow venture fund 1 22,603 — 23 (397 ) — (397 ) Highland 2021-8 15,000 2 — (2 ) — (2 ) Medicii 2021-3 39,217 15 — (98 ) — (98 ) Tres-Yujin Trust 20,000 11 — (11 ) — (11 ) Shinhan-Time mezzanine blind Fund 29,885 — — (115 ) — (115 ) Capstone REITs No.26 12,223 3,433 — — — — JB Incheon-Bucheon REITS No.54 12,718 2 — (2 ) — (2 ) Hankook Smart Real Asset Investment Trust No.3 13,146 120 532 506 — 506 JB Hwaseong-Hadong REITs No.53 16,113 2 — (2 ) — (2 ) KB Oaktree Trust No.3 9,552 77 130 52 — 52 Daehan No.36 Office Asset Management Company 133,884 95,993 1,000 111 — 111 Rhinos Premier Mezzanine Private Investment Fund No.1 10,759 — 19 17 — 17 SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 66,959 12 1,617 1,605 — 1,605 Shinhan JigaeNamsan Road Private Special Asset Investment Trust 161,417 27 467 440 — 440 SKS-Yozma Fund No.1 19,915 — 1 (185 ) — (185 ) (*) Excluded the financial information of associates that are not subject to equity method due to disposal or of which the financial information is not available as of end of the year. |
Reconciliation of the financial information to the carrying values of its interests in the associates | (d) Reconciliation of the financial information to the carrying value of its interests in the associates as of December 31, 2020 and 2021 are as follows: 2020 Investees Net assets (a) Ownership (b) Interests (a)*(b) Intra-group Other Carrying value BNP Paribas Cardif Life Insurance W 337,586 14.99 50,632 (32 ) — 50,600 Songrim Partners(*1) (62 ) 35.34 (22 ) — 22 — Partners 4th Growth Investment Fund 47,832 25.00 11,958 — — 11,958 KTB Newlake Global Healthcare PEF(*2) 30,780 30.00 9,234 — 170 9,404 Daekwang Semiconductor Co., Ltd. 17,343 20.94 3,631 — — 3,631 Shinhan-Neoplux Energy Newbiz Fund 44,590 31.66 14,470 — — 14,470 Shinhan-Albatross tech investment Fund 27,300 49.97 13,322 — — 13,322 Eum Private Equity Fund No.3 16 20.76 3 — — 3 Meritz AI-SingA330-A — 23.89 — — — — Meritz AI-SingA330-B — 20.16 — — — — VOGO Debt Strategy Qualified INV Private 43,512 20.00 8,702 — — 8,702 Shinhan-Midas Donga Secondary Fund 9,504 50.00 4,752 — — 4,752 ShinHan – Soo Young Entrepreneur Investment Fund No.1 41,532 24.00 9,968 — — 9,968 Shinhan Praxis K-Growth 52,707 18.87 9,945 — — 9,945 Credian Healthcare Private Equity Fund II 17,126 34.07 5,835 — — 5,835 Kiwoom Milestone Professional Private Real Estate Trust 19 19,835 50.00 9,918 — — 9,918 AIP EURO Green Private Real Estate Trust No.3 98,780 21.28 21,021 — — 21,021 Hanhwa US Equity Strategy Private Real Estate Fund No.1 5,077 44.84 2,277 — — 2,277 Shinhan Global Healthcare Fund 1(*1) (2,049 ) 4.41 (90 ) — 90 — JB Power TL Investment Type Private Placement Special Asset Fund 7 48,560 33.33 16,186 — — 16,186 KB NA Hickory Private Special Asset Fund 93,167 37.50 34,938 — — 34,938 Koramco Europe Core Private Placement Real Estate Fund No.2-2 42,291 44.02 18,618 — — 18,618 BNP Paribas Cardif General Insurance 52,215 7.46 3,895 — — 3,895 Hermes Private Investment Equity Fund 20,911 29.17 6,099 — — 6,099 Shinhan-Nvestor Liquidity Solution Fund 18,032 24.92 4,493 — — 4,493 Shinhan AIM FoF Fund 1a 35,040 25.00 8,760 — — 8,760 IGIS Global Credit Fund 150-1 29,129 25.00 7,282 — — 7,282 Soo Commerce Platform Growth Fund 4,658 24.62 1,147 — — 1,147 Partner One Value up I Private Equity Fund 42,205 27.91 11,779 — — 11,779 Genesis No.1 Private Equity Fund 351,329 22.80 80,113 — — 80,113 2020 Investees Net assets (a) Ownership (b) Interests (a)*(b) Intra-group Other Carrying value Korea Omega Project Fund III W 15,141 23.53 3,563 — — 3,563 Soo Delivery Platform Growth Fund 13,560 30.00 4,068 — — 4,068 Genesis North America Power Company No.1 PEF 42,494 39.96 16,983 — — 16,983 Hyungje art printing(*1) (264 ) 31.54 (83 ) — 83 — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 45,350 23.33 10,582 — — 10,582 Shinhan-Rhinos 1 Fund 11,560 22.48 2,599 — — 2,599 Pacific Private Investment Trust No.20 13,794 21.74 2,999 — — 2,999 Susung Mezzanine project P1 Private Investment Trust 3,220 41.31 1,345 — — 1,345 Korea Finance Security 20,490 14.91 3,055 — — 3,055 Multimedia Tech Co.Ltd.(*1) (69 ) 21.06 (15 ) — 15 — MIEL CO.,LTD(*1) (85 ) 28.77 (25 ) — 25 — AIP Transportation Specialized Privately Placed Fund Trust #1 92,353 35.73 32,993 — — 32,993 DB Epic Convertiblebond Private Trust No.2 11,348 50.98 5,785 — — 5,785 E&Healthcare Investment Fund No.6 72,023 21.05 15,163 — — 15,163 One Shinhan Global Fund1 22,244 19.96 4,029 — — 4,029 Kiwoom-Shinhan Innovation Fund I 31,938 50.00 15,969 — — 15,969 Daishin-K&T New Technology Investment Fund 22,400 31.25 7,000 — — 7,000 Midas Asset Global CRE Debt Private Fund No.6 115,122 41.16 47,389 — — 47,389 Richmond Private Investment Trust No.82 25,082 60.00 15,049 — — 15,049 Tiger Alternative Real Estate Professional Private5 37,978 48.71 18,499 — — 18,499 Samchully Midstream Private Placement Special Asset Fund 5-4 67,141 42.92 28,818 — — 28,818 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 327,917 20.00 65,616 — — 65,616 NH-Amundi Global Infrastructure Trust 14 62,728 30.00 18,819 — — 18,819 Jarvis Memorial Private Investment Trust 1 10,143 99.01 10,043 — — 10,043 Mastern Private Private Invetstment Trust 68 18,620 53.76 10,010 — — 10,010 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 59,402 60.00 35,641 — — 35,641 Milestone Private Real Estate Fund 3 57,790 32.06 18,528 — — 18,528 IGIS Private Real Estate Investment Trust 286 21,341 41.44 8,844 — — 8,844 Nomura-Rifa Private Real Estate Investment Trust 31 26,849 31.31 8,407 — — 8,407 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 62,637 21.27 13,323 — — 13,323 2020 Investees Net assets (a) Ownership Interests in the net (a)*(b) Intra-group Other Carrying value Hana Semiconductor New Technology Fund W 99,315 24.30 24,131 — — 24,131 J&Magnet Startup Venture Specialized Private Equity Fund 24,331 24.39 5,935 — — 5,935 Cape IT Fund No.3 32,373 32.89 10,649 — — 10,649 FuturePlay-Shinhan TechInnovation Fund 1 8,590 50.00 4,295 — — 4,295 Stonebridge Corporate 1st Fund 7,341 44.12 3,239 — — 3,239 Vogo Realty Partners Private Real Estate Fund V 50,040 21.64 10,827 — — 10,827 Korea Credit Bureau 77,509 9.00 6,976 — — 6,976 Goduck Gangil1 PFV Co., Ltd (*1) (13,927 ) 1.04 (145 ) — 145 — SBC PFV Co., Ltd 112,795 25.00 18,208 — — 18,208 NH-amundi 87,678 50.00 43,839 — — 43,839 IMM Global Private Equity Fund 366,202 33.00 120,855 — — 120,855 HANA Alternative Estate Professional Private122 39,411 75.19 29,631 — — 29,631 Hanwha-Incus Plus New Technology Fund No.1 25,860 42.64 11,026 — — 11,026 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7 111,426 45.96 51,210 — — 51,210 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 395,815 72.39 286,531 — — 286,531 PSA EMP Private Equity Fund 33,856 28.99 9,814 — — 9,814 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 56,242 52.28 29,401 — — 29,401 BRAIN DO PROFESSIONALE PRIVATE No. 27 11,815 29.13 3,441 — — 3,441 UI Venture Fund 7th 13,445 24.39 3,279 — — 3,279 Sparklabs-Shinhan Opportunity Fund 1 9,760 49.50 4,832 — — 4,832 BNW Tech-Innovation Private Equity Fund 19,906 29.85 5,942 — — 5,942 IGIS Real-estate Private Investment Trust No.33 34,507 40.86 14,099 — — 14,099 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust. 9,505 31.58 3,002 — — 3,002 WWG Global Real Estate Investment Trust no.4 60,071 29.55 17,752 — — 17,752 Fidelis Global Private Real Estate Trust No.2 24,899 78.26 19,485 — — 19,485 IGIS PRIVATE REAL ESTATE TRUST NO.331 12,238 30.77 3,765 — — 3,765 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 172,755 28.70 48,344 — — 48,344 Pebblestone CGV Private Real Estate Trust No.1 27,502 48.53 13,346 — — 13,346 Shinhan AIM Real Estate Fund No.2 74,880 30.00 22,464 — — 22,464 Shinhan AIM Real Estate Fund No.1 223,443 21.01 46,945 — — 46,945 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust 149,611 22.02 32,944 — — 32,944 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust 71,605 29.19 20,902 — — 20,902 2020 Investees Net assets (a) Ownership (b) Interests in the net (a)*(b) Intra-group Other Carrying value SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 W 9,368 71.43 6,692 — — 6,692 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 16,150 30.00 4,845 — — 4,845 Korea Omega-Shinhan Project Fund I 11,861 50.00 5,931 — — 5,931 New Green Shinhan Mezzanine Fund 12,537 39.22 4,916 — — 4,916 KORAMKO-Daum Professional Private Investment Trust No.12 22,583 33.33 7,528 — — 7,528 Samsung SRA Real Estate Professional Private 45 42,665 25.00 10,666 — — 10,666 IBK Global New Renewable Energy Special Asset Professional Private2 111,605 28.98 32,349 — — 32,349 VS Cornerstone Fund 8,413 41.18 3,464 — — 3,464 Aone Mezzanine Opportunity Professional Private 14,490 66.12 9,580 — — 9,580 KiwoomUnicorn3New Technology Business Investment Fund 20,132 21.28 4,283 — — 4,283 Multi Asset The United States Thortons Professional Private1 165,760 25.00 41,440 — — 41,440 Kiwoom Milestone US Real Estate Professional Private20 68,434 75.27 51,512 — — 51,512 NH-Amundi 98,161 25.91 25,430 — — 25,430 KB Distribution Private Real Estate1 49,513 62.00 30,698 — — 30,698 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust 71,593 28.93 20,712 — — 20,712 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 97,164 30.00 29,149 — — 29,149 Kakao-Shinhan 1st TNYT Fund 11,683 48.62 5,681 — — 5,681 IMM Special Situation 1-2 54,295 20.02 10,870 — — 10,870 Pacific Private Placement Real Estate Fund No.40 47,094 24.73 11,647 — — 11,647 Mastern Private Real Estate Loan Fund No.2 16,955 33.57 5,692 — — 5,692 LB Scotland Amazon Fulfillment Center Fund 29 44,455 70.14 31,182 — — 31,182 JR AMC Hungary Budapest Office Fund 16 37,469 32.57 12,204 — — 12,204 IGIS 372 Real Estate Professional Private 200,192 28.39 56,835 — — 56,835 KoFC-Neoplux R&D-Biz 2013-1 15,636 19.00 3,830 — — 3,830 Future-Creation Neoplux Venture Capital Fund 23,134 16.25 3,796 — — 3,796 Gyeonggi-Neoplux Superman Fund 31,712 21.76 6,399 — — 6,399 NewWave 6th Fund 20,501 30.00 6,150 — — 6,150 Neoplux No.3 Private Equity Fund 102,956 10.00 10,295 — — 10,295 2020 Investees Net assets (a) Ownership Interests in the net (a)*(b) Intra-group Other Carrying value PCC Amberstone Private Equity Fund I W 103,736 21.67 22,480 — — 22,480 KIAMCO POWERLOAN TRUST 4TH 92,794 47.37 43,955 — — 43,955 Mastern Opportunity Seeking Real Estate Fund II 98,994 20.00 19,799 — — 19,799 AION ELFIS PROFESSIONAL PRIVATE 1 27,642 20.00 5,528 — — 5,528 T&F 2020 SS Private Equity Fund Specializing in Start-up 15,001 29.68 4,453 — — 4,453 Neoplux Market-Frontier Secondary Fund 54,727 19.74 11,545 — — 11,545 Synergy Green New Deal 1st New Technology Business Investment Fund 35,527 28.17 10,008 — — 10,008 KAIM Real-estate Private Investment Trust 20 13,254 38.46 5,098 — — 5,098 KIAMCO Vietnam Solar Special Asset Private Investment Trust 15,896 50.00 7,948 — — 7,948 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 5,000 62.50 3,125 — — 3,125 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 45,573 97.85 44,594 — — 44,594 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 45,573 97.85 44,594 — — 44,594 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 48,475 25.00 15,855 — — 15,855 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 50,394 58.82 29,644 — — 29,644 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 70,473 30.00 21,142 — — 21,142 Kiwoom Private Equity Ant-Man 20,134 25.00 5,034 — — 5,034 Kiwoom Hero No.4 Private Equity Fund 22,358 21.05 4,707 — — 4,707 Vogo Canister Professional Trust Private Fund I 119,892 36.68 43,975 — — 43,975 Others 519,091 139,164 — — 139,164 W 8,101,037 2,657,250 (32 ) 550 2,657,768 (*1) Other represents the adjustments of fair value when acquired. (*2) The adjustments for others are the unrecognized equity method for preferred stocks without voting rights issued by the invested company. 2021 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying value BNP Paribas Cardif Life Insurance W 293,634 14.99 44,039 (17 ) — 44,022 Songrim Partners (*1) (62 ) 35.34 (22 ) — 22 — Partners 4th Growth Investment Fund 52,134 25.00 13,033 — — 13,033 KTB Newlake Global Healthcare PEF (*1) 30,808 30.00 9,299 — 113 9,412 Shinhan-Neoplux Energy Newbiz Fund 65,211 31.66 16,032 — — 16,032 Shinhan-Albatross tech investment Fund 20,213 50.00 10,389 — — 10,389 VOGO Debt Strategy Qualified IV Private 35,896 20.00 7,179 — — 7,179 Shinhan-Midas Donga Secondary Fund 7,902 50.00 3,951 — — 3,951 ShinHan – Soo Young Entrepreneur Investment Fund No.1 17,608 24.00 4,226 — — 4,226 Shinhan Praxis K-Growth 41,133 18.87 7,761 — — 7,761 Kiwoom Milestone Professional Private Real Estate Trust 19 10,505 50.00 5,253 — — 5,253 AIP EURO Green Private Real Estate Trust No.3 139,576 21.28 29,703 — — 29,703 Shinhan Global Healthcare Fund 1 (*1) (3,464 ) 4.41 (153 ) — 153 — KB NA Hickory Private Special Asset Fund 91,668 37.50 34,376 — — 34,376 Koramco Europe Core Private Placement Real Estate Fund No.2-2 44,275 44.02 19,492 — — 19,492 BNP Paribas Cardif General Insurance 61,431 5.46 3,354 — — 3,354 Hermes Private Investment Equity Fund 33,537 29.17 9,782 — — 9,782 Shinhan-Nvestor Liquidity Solution Fund 21,420 24.92 5,338 — — 5,338 Shinhan AIM FoF Fund 1a 36,623 25.00 9,156 — — 9,156 IGIS Global Credit Fund 150-1 21,609 25.00 5,402 — — 5,402 Partner One Value up I Private Equity Fund 28,273 27.91 7,891 — — 7,891 Genesis No.1 Private Equity Fund 243,534 22.80 55,533 — — 55,533 Korea Omega Project Fund III 18,234 23.53 4,290 — — 4,290 Soo Delivery Platform Growth Fund 19,578 30.00 5,873 — — 5,873 Genesis North America Power Company No.1 PEF 34,310 40.03 13,736 — — 13,736 SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 178,069 23.33 41,549 — — 41,549 Korea Finance Security 20,078 14.91 2,994 — — 2,994 MIEL CO.,LTD. (*1) (141 ) 28.77 (41 ) — 41 — AIP Transportation Specialized Privately Placed Fund Trust #1 97,097 35.73 34,688 — — 34,688 E&Healthcare Investment Fund No.6 32,615 21.05 6,866 — — 6,866 One Shinhan Global Fund 1 15,758 20.56 3,773 — — 3,773 Kiwoom-Shinhan Innovation Fund I 23,462 50.00 11,731 — — 11,731 Daishin-K&T 25,571 31.25 7,991 — — 7,991 2021 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying value Midas Asset Global CRE Debt Private Fund No.6 W 117,347 41.16 48,305 — — 48,305 Samchully Midstream Private Placement Special Asset Fund 5-4 65,931 42.92 27,471 — — 27,471 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 126,020 20.00 25,204 — — 25,204 NH-Amundi 61,004 30.00 18,301 — — 18,301 Jarvis Memorial Private Investment Trust 1 10,210 99.01 10,109 — — 10,109 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 55,254 60.00 33,153 — — 33,153 Milestone Private Real Estate Fund 3 57,842 32.06 18,544 — — 18,544 Nomura-Rifa Private Real Estate Investment Trust 31 25,108 31.31 7,902 — — 7,902 SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 48,124 21.27 10,236 — — 10,236 Cape IT Fund No.3 30,599 32.89 10,065 — — 10,065 FuturePlay-Shinhan TechInnovation Fund 1 14,297 50.00 7,149 — — 7,149 Stonebridge Corporate 1st Fund 6,718 44.12 2,964 — — 2,964 Vogo Realty Partners Private Real Estate Fund V 49,760 21.64 10,766 — — 10,766 Korea Credit Bureau 85,497 9.00 7,695 — — 7,695 Goduck Gangil1 PFV Co., Ltd (*1) (15,763 ) 1.04 (164 ) — 164 — SBC PFV Co., Ltd. (*2) 158,286 25.00 34,581 — (4,995 ) 29,586 NH-amundi 104,016 50.00 52,008 — — 52,008 IMM Global Private Equity Fund 359,415 33.00 118,615 — — 118,615 HANA Alternative Estate Professional Private122 39,840 74.02 29,489 — — 29,489 SH Corporate Professional Investment Type Private Security Investment Trust No.7 100,098 45.96 49,899 — — 49,899 SH BNCT Professional Investment Type Private Special Asset Investment Trust 389,240 72.50 282,199 — — 282,199 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 54,158 52.28 28,312 — — 28,312 BRAIN DO PROFESSIONALE PRIVATE No. 27 3,351 29.13 976 — — 976 Sparklabs-Shinhan Opportunity Fund 1 9,372 49.50 4,640 — — 4,640 BNW Tech-Innovation Private Equity Fund 19,702 29.85 5,881 — — 5,881 2021 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying value IGIS Real-estate Private Investment Trust No.33 W 33,982 40.86 13,884 — — 13,884 WWG Global Real Estate Investment Trust no.4 36,019 29.55 10,644 — — 10,644 Goduck Gangil10 PFV Co., Ltd (*1) (8,362 ) 19.90 (1,664 ) — 1,664 — Fidelis Global Private Real Estate Trust No.2 25,265 78.26 19,773 — — 19,773 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 171,489 28.70 49,217 — — 49,217 Shinhan Healthcare Fund 2 (*1) (103 ) 13.68 (14 ) — 14 — Pebblestone CGV Private Real Estate Trust No.1 28,252 48.53 13,710 — — 13,710 Shinhan AIM Real Estate Fund No.2 77,582 30.00 23,275 — — 23,275 Shinhan AIM Real Estate Fund No.1 210,908 21.01 44,312 — — 44,312 SH Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust 149,627 22.02 32,948 — — 32,948 SH Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust 70,401 29.19 20,550 — — 20,550 SH Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) 26,396 71.43 18,855 — — 18,855 Korea Omega-Shinhan Project Fund I 14,488 50.00 7,244 — — 7,244 ST-Bonanja 8,650 38.83 3,359 — — 3,359 Samsung SRA Real Estate Professional Private 45 51,519 25.00 12,880 — — 12,880 IBK Global New Renewable Energy Special Asset Professional Private2 110,012 28.98 31,887 — — 31,887 VS Cornerstone Fund 8,281 41.18 3,410 — — 3,410 Aone Mezzanine Opportunity Professional Private 14,447 66.09 9,540 — — 9,540 NH-Amundi 104,313 25.91 27,024 — — 27,024 KB Distribution Private Real Estate1 49,506 62.00 30,694 — — 30,694 SH Japan Photovoltaic Private Special Asset Investment Trust No.2 43,385 30.00 13,016 — — 13,016 Kakao-Shinhan 1st TNYT Fund 29,815 48.62 14,497 — — 14,497 IMM Special Situation 1-2 57,962 20.00 11,593 — — 11,593 2021 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying value Pacific Private Placement Real Estate Fund No.40 W 46,898 24.73 11,598 — — 11,598 Mastern Private Real Estate Loan Fund No.2 22,314 33.57 7,491 — — 7,491 LB Scotland Amazon Fulfillment Center Fund 29 44,577 70.14 31,268 — — 31,268 JR AMC Hungary Budapest Office Fund 16 37,274 32.57 12,140 — — 12,140 EDNCENTRAL Co.,Ltd. (*1) (2,487 ) 19.87 (494 ) — 494 — Future-Creation Neoplux Venture Capital Fund 18,569 16.25 3,017 — — 3,017 Gyeonggi-Neoplux Superman Fund 36,195 21.76 7,878 — — 7,878 NewWave 6th Fund 48,185 30.00 14,455 — — 14,455 KTC-NP 2011-2 71,829 5.56 3,990 — — 3,990 Neoplux No.3 Private Equity Fund 226,008 10.00 22,601 — — 22,601 PCC Amberstone Private Equity Fund I 105,169 21.67 22,790 — — 22,790 KIAMCO POWERLOAN TRUST 4TH 95,634 47.37 45,301 — — 45,301 Mastern Opportunity Seeking Real Estate Fund II 106,584 20.00 21,317 — — 21,317 AION ELFIS PROFESSIONAL PRIVATE 1 22,112 20.00 4,422 — — 4,422 T&F 2020 SS Private Equity Fund Specializing in Start-up 14,688 29.68 4,360 — — 4,360 Neoplux Market-Frontier Secondary Fund 57,319 19.74 11,313 — — 11,313 Harvest Private Equity Fund II 15,780 22.06 3,481 — — 3,481 Synergy Green New Deal 1st New Technology Business Investment Fund 34,379 28.17 9,684 — — 9,684 KAIM Real-estate Private Investment Trust 20 13,125 38.46 5,048 — — 5,048 KIAMCO Vietnam Solar Special Asset Private Investment Trust 15,053 50.00 7,527 — — 7,527 Daishin New Technology Investment Fund 5th 18,940 23.44 4,439 — — 4,439 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 5,194 62.50 3,247 — — 3,247 Acurus Hyundai Investment Partners New Technology 17,600 26.79 4,714 — — 4,714 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 60,681 97.10 63,944 — — 63,944 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 60,681 97.10 63,944 — — 63,944 2021 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying value Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 W 40,385 25.00 14,778 — — 14,778 SHINHAN-NEO 11,439 49.75 5,691 — — 5,691 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 90,810 30.00 27,243 — — 27,243 SIMONE Mezzanine Fund No.3 10,395 29.38 3,054 — — 3,054 Eum Private Equity Fund No.7 37,495 21.00 7,873 — — 7,873 Kiwoom Private Equity Ant-Man 30,375 25.00 7,594 — — 7,594 Kiwoom Hero No.4 Private Equity Fund 20,449 21.05 4,305 — — 4,305 Vogo Canister Professional Trust Private Fund I 112,433 36.53 41,072 — — 41,072 SW-S 22,191 30.30 6,724 — — 6,724 CL Buyout 1st PEF 64,359 21.43 13,791 — — 13,791 Timefolio The Venture-V 22,060 20.73 4,572 — — 4,572 Newlake Growth Capital Partners2 PEF 43,187 29.91 12,921 — — 12,921 Shinhan Smilegate Global PEF I 23,469 14.21 3,336 — — 3,336 Fount Professional Investors Private Investment Trust No.3 10,399 49.98 5,197 — — 5,197 Genesis Eco No.1 PEF 38,365 29.01 11,130 — — 11,130 SHINHAN-NEO 57,625 42.70 24,606 — — 24,606 NH-Synergy 17,430 36.93 6,437 — — 6,437 J& Moorim Jade Investment Fund 22,259 24.89 5,540 — — 5,540 Ulmus SHC innovation investment fund 21,601 24.04 5,192 — — 5,192 Mirae Asset Partners X Private Equity Fund 22,002 35.71 7,858 — — 7,858 T Core Industrial Technology 1st Venture PEF 14,413 31.47 4,535 — — 4,535 Curious Finale Corporate Recovery Private Equity Fund 13,285 27.78 3,690 — — 3,690 TI First Property Private Investment Trust 1 7,637 40.00 3,055 — — 3,055 MPLUS Professional Private Real Estate Fund 25 7,896 41.67 3,290 — — 3,290 IBKC Global Contents Investment Fund 20,265 24.39 4,943 — — 4,943 Nautic Smart No.6 Private Equity Fund 10,533 37.74 3,974 — — 3,974 Premier Luminous Private Equity Fund 25,167 27.78 6,991 — — 6,991 Hanyang-Meritz 1 Fund 15,423 22.58 3,483 — — 3,483 KNT 2ND PRIVATE EQUITY FUND 19,124 21.74 4,157 — — 4,157 Maple Mobility Fund 43,023 20.18 8,683 — — 8,683 2021 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying value AVES 1st Corporate Recovery Private Equity Fund W 6,215 76.19 4,736 — — 4,736 JS Shinhan Private Equity Fund 130,966 3.85 5,037 — — 5,037 Daishin Newgen New Technology Investment Fund 1 st 24,048 50.60 12,169 — — 12,169 META ESG Private Equity Fund I 21,722 27.40 5,677 — — 5,677 SWFV FUND-1 23,965 40.25 9,646 — — 9,646 PHAROS DK FUND 16,289 24.24 3,949 — — 3,949 Shinhan VC tomorrow venture fund 1 22,603 39.62 9,042 — — 9,042 Highland 2021-8 14,998 32.67 4,899 — — 4,899 Medicii 2021-3 39,202 24.81 9,728 — — 9,728 Tres-Yujin Trust 19,989 50.00 9,995 — — 9,995 Shinhan-Time mezzanine blind Fund 29,885 50.00 14,942 — — 14,942 Capstone REITs No.26 8,790 50.00 4,395 — — 4,395 JB Incheon-Bucheon REITS No.54 12,716 39.31 4,999 — — 4,999 Hankook Smart Real Asset Investment Trust No.3 13,026 33.33 4,342 — — 4,342 JB Hwaseong-Hadong REITs No.53 16,111 31.03 4,999 — — 4,999 KB Oaktree Trust No.3 9,475 33.33 3,159 — — 3,159 Daehan No.36 Office Asset Management Company (*1) 37,891 48.05 18,206 — 3,294 21,500 Rhinos Premier Mezzanine Private Investment Fund No.1 10,759 27.93 3,005 — — 3,005 SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 66,947 29.73 19,903 — — 19,903 Shinhan JigaeNamsan Road Private Special Asset Investment Trust 161,390 24.85 40,105 — — 40,105 SKS-Yozma 19,915 29.85 5,945 — — 5,945 Others 666,941 367,840 — 1,492 369,332 W 8,508,993 2,911,306 (17 ) 2,456 2,913,745 (*1) Other represents the adjustments of fair value when acquired. (*2) The adjustments for others are the unrecognized equity method for preferred stocks without voting rights issued by the invested company. |
The unrecognized and cumulative unrecognized equity method losses | (e) The unrecognized equity method losses as of and for the years ended December 31, 2020 and 2021 are as follows: 2020 Investees Unrecognized equity Cumulative unrecognized Songrim Partners. W — (22 ) Multimedia Tech Co. Ltd (15 ) (15 ) Hyungje art printing (83 ) (83 ) MIEL CO., LTD (25 ) (25 ) Goduck Gangil1 PFV Co., Ltd (145 ) (145 ) W (268 ) (290 ) 2021 Investees Unrecognized equity Cumulative unrecognized Songrim Partners. W — (22 ) MIEL CO., LTD (16 ) (41 ) Goduck Gangil1 PFV Co., Ltd (19 ) (164 ) Goduck Gangil10 PFV Co., Ltd (1,664 ) (1,664 ) Shinhan Global Healthcare Fund 1 (153 ) (153 ) Shinhan Global Healthcare Fund 2 (14 ) (14 ) EDNCENTRAL Co., Ltd. (494 ) (494 ) W (2,360 ) (2,552 ) |
Investment properties (Tables)
Investment properties (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about investment property [abstract] | |
Summary of investment properties | (a) Investment properties as of December 31, 2020 and 2021 are as follows: 2020 2021 Acquisition cost W 767,118 852,458 Accumulated depreciation (151,883 ) (177,067 ) Carrying value W 615,235 675,391 |
Summary of changes in investment properties | (b) Changes in investment properties for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W 488,610 615,235 Acquisition 244,100 8,292 Disposal (92,337 ) (2,279 ) Depreciation (20,165 ) (21,616 ) Amounts transferred from (to) property and equipment (4,064 ) 73,773 Amounts transferred from (to) assets held for sale(*) (910 ) 2,238 Foreign currency adjustment 1 (252 ) Ending balance W 615,235 675,391 (*) Comprise land and buildings, etc. |
Summary of income and expenses on investment property | (c) Income and expenses on investment property for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Rental income W 43,777 23,890 35,887 Direct operating expenses for investment properties that generated rental income 12,107 11,951 12,033 |
Summary of the fair value of investment property | (d) The fair value of investment property as of December 31, 2020 and 2021 is as follows: 2020 2021 Land and buildings (*) W 1,254,149 1,374,389 (*) Fair value of investment properties is estimated based in the recent market transaction conditions with an independent third party and certain significant unobservable inputs. Accordingly, fair value of investment properties is classified as level 3. |
Other assets (Tables)
Other assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other Assets [Abstract] | |
Summary of other assets | (a) Other assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Accounts receivable W 12,511,880 12,754,436 Domestic exchange settlement debit 4,055,744 6,700,373 Guarantee deposits 1,145,045 1,077,644 Accrued income 2,535,847 2,655,894 Prepaid expense 202,218 491,950 Provisional payments 183,935 295,149 Sundry assets 106,341 88,797 Separate account assets 9,267,722 9,501,135 Advance payments 203,023 207,128 Unamortized deferred acquisition cost 979,942 954,949 Leased assets 1,016,013 1,395,334 Others 102,913 125,815 Discounted present value (33,062 ) (30,614 ) Allowances for credit loss of other assets (82,895 ) (244,236 ) W 35,973,754 |
Summary of changes in unamortized deferred acquisition cost by insurance type | (b) Changes in unamortized deferred acquisition cost by insurance type for the year ended December 31, 2020 and 2021 are as follows: 2020 Beginning Acquisition cost incurred Amortization Ending Cost Expensed Deferral Individual insurance Pure endowment insurance W 67,856 11,602 (6,450 ) 5,152 (35,504 ) 37,504 Death insurance 834,415 771,973 (298,355 ) 473,618 (375,111 ) 932,922 Endowment insurance 4,764 19,024 (11,001 ) 8,023 (3,862 ) 8,925 907,035 802,599 (315,806 ) 486,793 (414,477 ) 979,351 Group insurance Pure protection 833 343 (164 ) 179 (421 ) 591 W 907,868 802,942 (315,970 ) 486,972 (414,898 ) 979,942 2021 Beginning Acquisition cost incurred Amortization Ending Cost Expensed Deferral Individual insurance Pure endowment insurance W 37,504 12,386 (3,680 ) 8,706 (23,468 ) 22,742 Death insurance 932,922 655,210 (278,147 ) 377,063 (393,942 ) 916,043 Endowment insurance 8,925 19,703 (8,382 ) 11,321 (4,477 ) 15,769 979,351 687,299 (290,209 ) 397,090 (421,887 ) 954,554 Group insurance Pure protection 591 170 (64 ) 106 (302 ) 395 W 979,942 687,469 (290,273 ) 397,196 (422,189 ) 954,949 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Summary of gross investment and present value of minimum lease payment of finance lease | (a) Gross investment and present value of minimum lease payment of finance lease as of December 31, 2020 and 2021 are as follows: 2020 Gross investment Unrealized interest Present value of Not later than 1 year W 678,790 73,230 605,560 1 ~ 2 years 527,757 43,701 484,056 2 ~ 3 years 391,447 21,169 370,278 3 ~ 4 years 219,040 6,089 212,951 4 ~ 5 years 93,975 432 93,543 Later than 5 years 6,320 53 6,267 W 1,917,329 144,674 1,772,655 (*) Interest income on finance lease receivables recognized for the year ended December 31, 2020 is W 2021 Gross investment Unrealized interest Present value of Not later than 1 year W 635,826 65,349 570,477 1 ~ 2 years 470,800 39,631 431,169 2 ~ 3 years 308,999 18,738 290,261 3 ~ 4 years 191,257 6,606 184,651 4 ~ 5 years 113,638 4,417 109,221 Later than 5 years 5,170 32 5,138 W 1,725,690 134,773 1,590,917 (*) Interest income on finance lease receivables recognized for the year ended December 31, 2021 is W |
Summary of minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease | i) Finance lease 2020 Minimum lease Present value Present value of Not later than 1 year W 678,790 73,230 605,560 1 ~ 2 years 527,757 43,701 484,056 2 ~ 3 years 391,447 21,169 370,278 3 ~ 4 years 219,040 6,089 212,951 4 ~ 5 years 93,975 432 93,543 Later than 5 years 6,320 53 6,267 W 1,917,329 144,674 1,772,655 2021 Minimum lease Present value Present value of Not later than 1 year W 635,826 65,349 570,477 1 ~ 2 years 470,800 39,631 431,169 2 ~ 3 years 308,999 18,738 290,261 3 ~ 4 years 191,257 6,606 184,651 4 ~ 5 years 113,638 4,417 109,221 Later than 5 years 5,170 32 5,138 W 1,725,690 134,773 1,590,917 |
Summary of minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease | ii) Operating lease Minimum lease payment 2020 2021 Not later than 1 year W 276,590 371,521 1 ~ 2 years 233,443 320,603 2 ~ 3 years 182,261 251,720 3 ~ 4 years 124,556 147,134 4 ~ 5 years 52,997 53,879 Later than 5 years 95,414 94,143 W 965,261 1,239,000 |
Summary of the changes in operating lease assets | (c) Changes in operating lease assets for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W 549,741 1,014,300 Acquisition 681,607 691,192 Disposal (54,042 ) (54,721 ) Depreciation (163,006 ) (257,033 ) Ending balance W 1,014,300 1,393,738 |
Summary of the right-of-use assets by the lessee's underlying asset type | (d) The details of the right-of-use 2020 Acquisition Accumulated Carrying Real estate W 953,135 (396,716 ) 556,419 Vehicle 36,680 (16,059 ) 20,621 Others 26,368 (12,991 ) 13,377 W 1,016,183 (425,766 ) 590,417 2021 Acquisition Accumulated Carrying Real estate W 1,153,021 (578,980 ) 574,041 Vehicle 45,670 (23,821 ) 21,849 Others 30,478 (18,241 ) 12,237 W 1,229,169 (621,042 ) 608,127 |
Summary of the changes in the right-of-use assets | (e) The details of the changes in the right-of-use 2020 Real estate Vehicle Others Total Beginning balance W 1,077,803 21,994 12,999 1,112,796 Acquisition 286,981 12,556 6,421 305,958 Disposal (21,763 ) (2,394 ) (16 ) (24,173 ) Depreciation (*) (268,376 ) (11,625 ) (6,027 ) (286,028 ) Substitution (513,437 ) — — (513,437 ) Effects of foreign currency movements (5,375 ) (5 ) — (5,380 ) Business combination (Note 47) 586 95 — 681 Ending balance W 556,419 20,621 13,377 590,417 2021 Real estate Vehicle Others Total Beginning balance W 556,419 20,621 13,377 590,417 Acquisition 295,228 17,524 4,173 316,925 Disposal (22,829 ) (4,070 ) (31 ) (26,930 ) Depreciation (*) (271,895 ) (12,408 ) (5,282 ) (289,585 ) Effects of foreign currency movements 17,118 182 — 17,300 Ending balance W 574,041 21,849 12,237 608,127 (*) Included in general administrative expense and other operating income(expense) of the consolidated statements of comprehensive income. |
Summary of the maturity of the lease liability | (f) The details of the maturity of the lease liability as of December 31, 2020 and 2021 are as follows: 2020 1 month 1 month ~ 3 months ~ 6 months ~ 1 year ~ More than Total Real estate W 22,560 36,746 49,746 90,057 287,932 69,083 556,124 Vehicle 3,404 1,840 2,490 4,765 11,632 — 24,131 Others 520 806 1,203 2,031 9,345 1 13,906 W 26,484 39,392 53,439 96,853 308,909 69,084 594,161 2021 1 month 1 month ~ 3 months ~ 6 months ~ 1 year ~ More than Total Real estate W 22,890 33,950 46,532 82,467 266,299 121,360 573,498 Vehicle 4,496 1,935 2,536 4,718 12,298 513 26,496 Others 465 650 1,124 2,205 8,226 26 12,696 W 27,851 36,535 50,192 89,390 286,823 121,899 612,690 (*) The above amounts are based on undiscounted cash flows, and have been classified at the earliest maturity that the Group has the obligation to pay. |
Summary of the lease payments for low-value assets and short-term leases | (g) The lease payments for low-value 2020 2021 Low-value W 6,181 5,885 Short-term lease (*) 836 766 Total W 7,017 6,651 (*) The payments for leases with terms less than 1 month are included. |
Pledged assets (Tables)
Pledged assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Pledged assets [Abstract] | |
Summary of assets pledged as collateral | (a) Assets pledged as collateral as of December 31, 2020 and 2021 are as follows: 2020 2021 Reasons for collateral Securities: Securities at FVTPL W 15,328,573 14,944,525 Customer RP, etc Securities at FVOCI 4,058,033 3,244,232 Borrowings, Settlement security for Bank of Korea, Borrowing securities, etc Securities at amortized cost 14,516,567 16,284,795 Borrowings, Settlement security for Bank of Korea, Customer RP, etc 33,903,173 34,473,552 Deposits at amortized cost 784,626 958,206 Borrowings, etc Property and Equipment (real estate) 301,098 300,352 Establishing the right to collateral security, etc Other financial assets 355 — Performance guarantee, etc W 34,989,252 35,732,110 (*) The carrying values of assets pledged that the pledgees have the right to sell or re-pledge W W |
Summary of the fair value of collateral held that the Group has the right to sell or repledge regardless of pledger's default | (b) The fair value of collateral held that the Group has the right to sell or re-pledge 2020 2021 Assets received The fair value of re-provided as collateral Assets received The fair value of re-provided as collateral Securities W 2,871,910 — 2,163,744 — |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Deposits [Abstract] | |
Summary of deposits | Deposits as of December 31, 2020 and 2021 are as follows: 2020 2021 Demand deposits: Korean won W 132,444,929 151,787,483 Foreign currencies 16,280,268 20,320,241 148,725,197 172,107,724 Time deposits: Korean won 137,719,464 140,651,250 Foreign currencies 20,114,427 20,847,651 157,833,891 161,498,901 Certificates of deposits 5,946,704 16,576,536 Discount note deposits 6,226,937 5,818,001 CMA 4,006,319 5,246,478 Others 3,677,820 3,649,035 W 326,416,868 364,896,675 |
Financial liabilities at fair_2
Financial liabilities at fair value through profit or loss (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Financial liabilities at fair value through profit or loss [abstract] | |
Summary of financial liabilities at fair value through profit or loss | Financial liabilities at fair value through profit or loss as of December 31, 2020 and 2021 are as follows: 2020 2021 Securities sold: Stocks W 387,857 275,451 Bonds 503,920 505,202 Others 5,352 7,114 897,129 787,767 Gold/silver deposits 539,565 581,458 W 1,436,694 1,369,225 |
Financial liabilities designa_2
Financial liabilities designated at fair value through profit or loss (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Designated financial liabilities at fair value through profit or loss [abstract] | |
Summary of financial liabilities at fair value through profit or loss | (a) Financial liabilities designated at fair value through profit or loss as of December 31, 2020 and 2021 are as follows: 2020 2021 Reason for designation Equity-linked securities sold W 6,556,288 5,795,071 Compound financial instrument Securities sold with embedded derivatives 1,899,436 2,228,799 ” W 8,455,724 8,023,870 (*) The Group designated the financial liabilities at the initial recognition (or subsequently) in accordance with paragraph 6.7.1 of IFRS 9 as financial liabilities at fair value through profit or loss. |
Summary of contractual maturity | (b) The difference between the carrying value of financial liabilities designated at fair value through profit or loss and the amount required to be paid at contractual maturity as of December 31, 2020 and 2021 are as follows: 2020 2021 Expiration payment W 7,568,498 7,325,678 Carrying value 8,455,724 8,023,870 Difference from carrying value W (887,226 ) (698,192 ) |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about borrowings [abstract] | |
Summary of borrowings amount and interest rate | Borrowings as of December 31, 2020 and 2021 are as follows: 2020 2021 Interest Amount Interest Amount Borrowings denominated in Korean won: Borrowings from Bank of Korea 0.25 W 5,351,110 0.25 W 5,278,331 Others 0.00~6.20 16,375,272 0.00~3.93 18,412,343 21,726,382 23,690,674 Borrowings denominated in foreign currencies: Overdraft due from banks 0.00 71,309 0.00~0.30 42,434 Borrowings from banks 0.00~8.00 5,423,571 (0.49)~12.29 5,292,872 Others 0.00~12.45 1,538,021 0.00~11.25 1,890,291 7,032,901 7,225,597 Call money 0.35~0.55 1,760,042 (0.30)~1.52 1,534,611 Bill of sale 0.00~1.10 10,706 0.00~1.47 9,032 Bonds sold under repurchase agreements: 0.00~5.15 11,065,584 0.00~6.25 10,709,115 Deferred origination costs (1,551 ) (1,964 ) W 41,594,064 W 43,167,065 |
Debt securities issued (Tables)
Debt securities issued (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt securities issued [Abstract] | |
Summary of debt securities issued | Debt securities issued as of December 31, 2020 and 2021 are as follows: 2020 2021 Interest Amount Interest Amount Debt securities issued in Korean won: Debt securities issued 0.67~8.00 W 59,816,756 0.79~8.00 W 64,419,771 Subordinated debt securities issued 2.20~4.60 4,370,125 2.20~4.60 5,030,125 Gain on fair value hedges — (63,652 ) — (122,069 ) Discount on debt securities issued — (39,309 ) — (38,845 ) 64,083,920 69,288,982 Debt securities issued in foreign currencies: Debt securities issued 0.25~7.59 7,182,619 0.25~7.59 7,462,087 Subordinated debt securities issued 3.34~5.10 3,598,624 3.34~5.10 3,307,306 Loss on fair value hedges — 309,880 — 130,392 Discount on debt securities issued — (40,649 ) — (39,404 ) 11,050,474 10,860,381 W 75,134,394 W 80,149,363 |
Defined benefit plans (Tables)
Defined benefit plans (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of defined benefit plans [abstract] | |
Summary of defined benefit obligations and plan assets | Defined benefit obligations and plan assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Present value of defined benefit obligations W 2,182,464 2,205,869 Fair value of plan assets (2,138,324 ) (2,296,685 ) Recognized liability (asset) for defined benefit obligations (*) W 44,140 (90,816 ) (*) The liability for defined benefit obligation of W W W W W W |
Summary of changes in the present value of defined benefit obligation and plan assets | (b) Changes in the present value of defined benefit obligation and plan assets for the years ended December 31, 2020 and 2021 are as follows: 2020 Defined benefit Plan assets Net defined Beginning balance W 2,063,102 (1,943,644 ) 119,458 Included in profit or loss: Current service cost 179,390 — 179,390 Past service cost 9,069 — 9,069 Interest expense (income) 57,674 (55,466 ) 2,208 Settlement expense (306 ) — (306 ) 245,827 (55,466 ) 190,361 Included in other comprehensive income: Remeasurement loss (gain): - Actuarial gains (losses) arising from : Demographic assumptions 18 — 18 Financial assumptions (44,424 ) — (44,424 ) Experience adjustment 2,957 — 2,957 - Return on plan assets excluding interest income — 20,027 20,027 (41,449 ) 20,027 (21,422 ) Other: Benefits paid by the plan (83,614 ) 77,567 (6,047 ) Contributions paid into the plan (268 ) (239,570 ) (239,838 ) Settlement gain or loss (2,695 ) 4,053 1,358 Business combination (Note 47) 2,139 (1,291 ) 848 Effect of changes in foreign exchange rates (578 ) — (578 ) (85,016 ) (159,241 ) (244,257 ) Ending balance W 2,182,464 (2,138,324 ) 44,140 (*) Profit and loss related to defined benefit plans are all included in the general administrative expense. 2021 Defined benefit Plan assets Net defined Beginning balance W 2,182,464 (2,138,324 ) 44,140 Included in profit or loss: Current service cost 179,751 — 179,751 Past service cost 2,570 — 2,570 Interest expense (income) 64,729 (64,759 ) (30 ) Settlement income (4,844 ) — (4,844 ) 242,206 (64,759 ) 177,447 Included in other comprehensive income: Remeasurement loss (gain): - Actuarial gains (losses) arising from : Demographic assumptions (1,642 ) — (1,642 ) Financial assumptions (87,406 ) 2,421 (84,985 ) Experience adjustment (5,450 ) — (5,450 ) - Return on plan assets excluding interest income — 32,720 32,720 (94,498 ) 35,141 (59,357 ) Other: Benefits paid by the plan (127,493 ) 120,347 (7,146 ) Succession through related party transactions 5,135 — 5,135 Contributions paid into the plan (10 ) (249,099 ) (249,109 ) Settlement gain or loss (2,231 ) 9 (2,222 ) Effect of changes in foreign exchange rates 296 — 296 (124,303 ) (128,743 ) (253,046 ) Ending balance W 2,205,869 (2,296,685 ) (90,816 ) (*) Profit and loss related to defined benefit plans are all included in the general administrative expense. |
Summary of composition of plan assets | (c) The composition of plan assets as of December 31, 2020 and 2021 are as follows: 2020 2021 Plan assets comprise: Equity securities W 74,631 — Debt securities 23,713 43,607 Due from banks 1,900,963 1,915,361 Others 139,017 337,717 W 2,138,324 2,296,685 |
Summary of actuarial assumptions | (d) Actuarial assumptions as of December 31, 2020 and 2021 are as follows: 2020 2021 Description Discount rate 2.68%~3.30% 3.19%~3.77% AA0 corporate bond yields Future salary increase rate 1.90%~4.00% + Upgrade rate 1.98%~5.00% + Upgrade rate Average for 5 years Weighted average maturity 7.6 years~ 15.4 years 7.4 years~ 14.8 years |
Summary of sensitivity analysis for actuarial assumptions | (e) Sensitivity analysis As of December 31, 2020 and 2021, reasonably possible changes in one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below. 2020 Defined benefit obligation Increase Decrease Discount rate (1%p movement) W (207,093 ) 233,570 Future salary increase rate (1%p movement) 232,892 (210,305 ) 2021 Defined benefit obligation Increase Decrease Discount rate (1%p movement) W (197,174 ) 216,226 Future salary increase rate (1%p movement) 216,450 (200,843 ) |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of other provisions [abstract] | |
Summary of provisions | (a) Provisions as of December 31, 2020 and 2021 are as follows: 2020 2021 Asset retirement obligations W 65,659 82,123 Expected loss related to litigation 12,468 9,693 Unused credit commitments 305,719 300,008 Guarantee contracts issued 83,851 81,922 Financial guarantee contracts issued 61,895 55,344 Non-financial 21,956 26,578 Others (*) 337,039 693,110 W 804,736 1,166,856 (*) As of December 31, 2020 and 2021, the Group recognizes a provision of W W |
Summary of changes in provision for unused credit commitments and financial guarantee contracts issued | (b) Changes in provision for unused credit commitments and financial guarantee contracts issued for the years ended December 31, 2020 and 2021 are as follows: 2020 Unused credit commitments Financial guarantee contracts issued Total 12 months Life time Impaired financial asset 12 months Life time Impaired Beginning balance W 132,028 119,839 11,885 68,467 5,569 811 338,599 Transfer (from)to 12 months expected credit loss 63,818 (55,295 ) (8,523 ) 2,059 (2,059 ) — — Transfer (from)to life time expected credit loss (9,883 ) 11,365 (1,482 ) (3,951 ) 3,951 — — Transfer (from)to impaired financial asset (244 ) (875 ) 1,119 — — — — Provided (reversed) (20,377 ) 65,455 (1,564 ) 8,258 1,845 (822 ) 52,795 Change in foreign exchange rate (1,195 ) (352 ) — (1,335 ) (223 ) (49 ) (3,154 ) Others (*) — — — (18,948 ) (1,748 ) 70 (20,626 ) Ending balance W 164,147 140,137 1,435 54,550 7,335 10 367,614 (*) Others include effects of the provision from the new financial guarantee contracts measured at fair value, and the expired contracts, and the change of discount rate. 2021 Unused credit commitments Financial guarantee contracts issued Total 12 months Life time Impaired financial asset 12 months Life time Impaired Beginning balance W 164,147 140,137 1,435 54,550 7,335 10 367,614 Transfer (from)to 12 months expected credit loss 63,335 (63,249 ) (86 ) 2,931 (2,931 ) — — Transfer (from)to life time expected credit loss (11,889 ) 11,917 (28 ) (3,621 ) 3,621 — — Transfer (from)to impaired financial asset (274 ) (939 ) 1,213 — — — — Provided (reversed) (66,373 ) 58,188 (610 ) (581 ) (178 ) 5 (9,549 ) Change in foreign exchange rate 1,964 1,077 — 1,910 534 — 5,485 Others (*) (337 ) 380 — (6,582 ) (1,672 ) 13 (8,198 ) Ending balance W 150,573 147,511 1,924 48,607 6,709 28 355,352 (*) Others include effects of the provision from the new financial guarantee contracts measured at fair value, and the expired contracts, and the change of discount rate. |
Summary of changes in provisions | (c) Changes in provisions for the years ended December 31, 2020 and 2021 are as follows: 2020 Asset Litigation Guarantee Other Total Beginning balance W 64,922 8,789 25,583 119,131 218,425 Provision(reversal) 898 4,317 (2,709 ) 261,983 264,489 Provision used (2,463 ) (638 ) — (46,654 ) (49,755 ) Change in foreign exchange rate (3 ) — (1,030 ) 570 (463 ) Others (*) 2,305 — 112 1,814 4,231 Business combination (Note 47) — — — 195 195 Ending balance W 65,659 12,468 21,956 337,039 437,122 (*) Others include increase in provisions based on the present value and the effect of changes in discount rate over the period. 2021 Asset Litigation Guarantee Others Total Beginning balance W 65,659 12,468 21,956 337,039 437,122 Provision(reversal) 8,185 2,552 3,457 350,090 364,284 Provision used (3,793 ) (5,327 ) — (37,604 ) (46,724 ) Change in foreign exchange rate 4 — 1,265 (1,314 ) (45 ) Others (*) 12,068 — (100 ) 44,899 56,867 Ending balance W 82,123 9,693 26,578 693,110 811,504 (*) Others include increase in provisions based on the present value and the effect of changes in discount rate over the period. |
Summary of allowance for guarantees and acceptances | (e) Allowance for guarantees and acceptances as of December 31, 2020 and 2021 are as follows: 2020 2021 Outstanding guarantees and acceptances W 10,249,827 10,540,968 Contingent guarantees and acceptances 3,433,953 4,670,771 ABS and ABCP purchase commitments 1,604,958 1,525,768 Endorsed bill 1,650 8,199 W 15,290,388 16,745,706 Allowance for loss on guarantees and acceptances W 83,851 81,922 Ratio %0.55 0.49 |
Liability under insurance con_2
Liability under insurance contracts (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Liabilities under insurance contracts and reinsurance contracts issued [abstract] | |
Summary of insurance liabilities | (e) Insurance liabilities as of December 31, 2020 and 2021 are as follows: 2020 2021 Policy reserve W 53,391,401 54,330,046 Policyholder’s equity adjustment 68,829 3,452 W 53,460,230 54,333,498 |
Summary of policy reserve | (f) Policy reserve as of December 31, 2020 and 2021 are as follows: 2020 2021 Variable interest rate W 29,977,303 29,399,446 Fixed interest rate 23,414,098 24,930,600 W 53,391,401 54,330,046 |
Summary of details policy reserves | (g) The details of policy reserves for insurance risk classification as of December 31, 2020 and 2021 are as follows: 2020 Individual insurance Group insurance Pure Death Endowment Subtotal Pure Savings Subtotal Total Premium reserve W 14,597,735 26,634,537 9,981,880 51,214,152 18,430 62 18,492 51,232,644 Guarantee reserve 28,168 267,154 762 296,084 — — — 296,084 Unearned premium reserve 1 1,640 — 1,641 13 — 13 1,654 Reserve for outstanding claims 240,324 1,111,052 363,688 1,715,064 15,384 — 15,384 1,730,448 Interest rate difference guarantee reserve 1,937 141 9 2,087 — — — 2,087 Mortality gains reserve 7,865 37,553 124 45,542 1 — 1 45,543 Interest gains reserve 23,651 256 14 23,921 — — — 23,921 Expense gains reserve 6,606 8,336 — 14,942 — — — 14,942 Long term duration dividend reserve 28,737 13,775 12 42,524 — — — 42,524 Reserve for policyholder’s profit dividend 1,080 — — 1,080 — — — 1,080 Reserve for losses on dividend insurance contract 474 — — 474 — — — 474 W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 2021 Individual insurance Group insurance Pure Death Endowment Subtotal Pure Savings Subtotal Total Premium reserve W 14,515,676 28,443,718 9,078,015 52,037,409 15,609 64 15,673 52,053,082 Guarantee reserve 24,717 284,474 871 310,062 — — — 310,062 Unearned premium reserve 1 1,660 — 1,661 8 — 8 1,669 Reserve for outstanding claims 266,157 1,137,858 424,897 1,828,912 14,376 — 14,376 1,843,288 Interest rate difference guarantee reserve 1,734 130 7 1,871 — — — 1,871 Mortality gains reserve 6,894 34,085 88 41,067 2 — 2 41,069 Interest gains reserve 23,031 242 12 23,285 — — — 23,285 Expense gains reserve 6,068 7,595 — 13,663 — — — 13,663 Long term duration dividend reserve 26,799 12,663 7 39,469 — — — 39,469 Reserve for policyholder’s profit dividend 1,635 — — 1,635 — — — 1,635 Reserve for losses on dividend insurance contract 953 — — 953 — — — 953 W 14,873,665 29,922,425 9,503,897 54,299,987 29,995 64 30,059 54,330,046 |
Summary of changes in policy reserves | (h) Changes in policy reserves Changes in policy reserves for the year ended December 31, 2020 and 2021 are as follows: 2020 Insurance Insurance variable-interest Total Beginning balance W 22,028,112 30,058,020 52,086,132 Reserve (*) 1,385,986 (80,717 ) 1,305,269 Ending balance W 23,414,098 29,977,303 53,391,401 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. 2021 Insurance Insurance variable-interest Total Beginning balance W 23,414,098 29,977,303 53,391,401 Reserve (*) 1,516,502 (577,857 ) 938,645 Ending balance W 24,930,600 29,399,446 54,330,046 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. |
Summary of changes in policy reserves by insurance risk classification | (i) Changes in policy reserves by insurance risk classification Changes in policy reserves by insurance risk classification for the year ended December 31, 2020 and 2021 are as follows: 2020 Individual insurance Group insurance Pure Death Endowment Sub Pure Savings Sub Total Beginning balance W 14,986,916 26,382,609 10,677,484 52,047,009 39,063 60 39,123 52,086,132 Reserve (reversal) (*) (50,338 ) 1,691,835 (330,995 ) 1,310,502 (5,235 ) 2 (5,233 ) 1,305,269 Ending balance W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. 2021 Individual insurance Group insurance Pure Death Endowment Sub Pure Savings Sub Total Beginning balance W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 Reserve (reversal) (*) (62,913 ) 1,847,981 (842,592 ) 942,476 (3,833 ) 2 (3,831 ) 938,645 Ending balance W 14,873,665 29,922,425 9,503,897 54,299,987 29,995 64 30,059 54,330,046 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. |
Summary of reinsurance credit risk | (j) Reinsurance credit risk as of December 31, 2020 and 2021 are as follows: 2020 2021 Reinsurance Reinsurance Reinsurance Reinsurance AAA W 10,611 47,690 — — AA- 29,294 23,348 15,310 23,472 A- 2,375 4,018 31,740 46,615 W 42,280 75,056 47,050 70,087 |
Summary of income or expenses on insurance | (k) Income or expenses on insurance for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Insurance income: Premium income W 7,386,854 7,037,308 6,255,872 Reinsurance income 146,564 152,892 153,534 Separate account income 36,007 57,553 75,117 7,569,425 7,247,753 6,484,523 Insurance expenses: Claims paid 5,436,069 5,564,875 5,346,364 Reinsurance premium expenses 165,979 167,215 175,282 Provision for policy reserves (*) 1,724,816 1,311,252 933,875 Separate account expenses 36,007 57,553 75,116 Acquisition costs 805,508 802,942 687,469 Collection expenses and discount fee 19,706 19,922 16,810 Deferred acquisition costs (495,534 ) (486,972 ) (397,196 ) Amortization of deferred acquisition costs 373,800 414,898 422,189 8,066,351 7,851,685 7,259,909 Net loss on insurance W (496,926 ) (603,932 ) (775,386 ) (*) Interest expenses on savings insurance contracts are included. |
Summary of maturity of premium reserve | (l) Maturity of premium reserve as of December 31, 2020 and 2021 are as follows: 2020 Less than or 1 ~ 3 3 ~ 7 7 ~ 10 10 ~ 20 More than Total Variable interest rate W 929,268 1,944,710 1,819,554 820,964 2,056,906 19,729,536 27,300,938 Fixed interest rate 164,890 418,574 983,635 594,667 2,090,669 19,679,271 23,931,706 Ending balance W 1,094,158 2,363,284 2,803,189 1,415,631 4,147,575 39,408,807 51,232,644 2021 Less than or 1 ~ 3 3 ~ 7 7 ~ 10 10 ~ 20 More than Total Variable interest rate W 906,017 1,492,275 1,420,942 653,388 2,001,348 20,082,744 26,556,714 Fixed interest rate 99,289 471,909 772,549 687,077 2,072,122 21,393,422 25,496,368 Ending balance W 1,005,306 1,964,184 2,193,491 1,340,465 4,073,470 41,476,166 52,053,082 |
Summary of result liability adequacy test | (m) Liability adequacy test, LAT – Shinhan Life Insurance Co., Ltd. i) Scope Liability adequacy tests are performed on the premium reserve, unearned premium reserve and guarantee reserve for the contracts held at December 31, 2021. The premium reserve considered the amount net level premium reserve less, where appropriate, deferred acquisition cost in accordance with the article 6-3 ii) Output overview In the debt appraisal system, the insurance premium surplus method is applied to calculate premium deficits. Premium deficiency refers to deficiency when the amount of accumulated reserve is insufficient due to a decrease in the interest rate after the sale of the product or an increase in the risk rate compared with the expected basic rate at the time of product development. The insurance premium standard inspection method is a method of calculating the reserve amount based on the present value of total income reflecting the interest rate, the risk rate, the business ratio, the cancelation rate, etc. and the present value of the total expenditure, that is, interest rate(discount rate), business ratio, risk rate, and cancelation rate calculated based on the Group’s own experience, which reflects company-specific characteristics, and does not reflect subjective factors such as management’s willingness to improve management. iii) Assumptions and basis of calculation applied The assumptions and basis of calculation applied to calculate the estimates of future cash flows when performing liability adequacy test for the year ended December 31, 2021 and 2020 are as follows. The criteria of Insurance contract liability adequacy test were changed during the period, and the Group has applied the change in the accounting policy as it provides more reliable and relevant information on the estimate of future cash flows, and the comparative figures with the prior period disclosed in the notes have been rewritten. Assumptions January 1, 2020 December 31, 2020 December 31, 2021 Assumption applied and Discount rate Shinhan Life Insurance Co., Ltd. -2.861% ~ 16.336% Orange Life Insurance Co., Ltd. -2.861% ~ 16.336% Shinhan Life Insurance Co., Ltd. -3.623% ~ 23.477% Orange Life Insurance Co., Ltd. -3.623% ~ 23.477% -3.39% ~ 19.541% The interest rate scenario calculated and presented by the Financial Supervisory Service as a scenario in which a liquidity premium is added to the risk-free rate of return scenario. Mortality rate Shinhan Life Insurance Co., Ltd. 11.36% ~ 497.99% Orange Life Insurance Co., Ltd. 20% ~ 255% Shinhan Life Insurance Co., Ltd. 10.38% ~ 585.90% Orange Life Insurance Co., Ltd. 15% ~ 255% 16% ~ 751% (Shinhan Life Insurance) on-level Surrender ratio Shinhan Life Insurance Co., Ltd. 0.76% ~ 33.03% Orange Life Insurance Co., Ltd. 0% ~ 50% Shinhan Life Insurance Co., Ltd. 0.53% ~ 29.83% Orange Life Insurance Co., Ltd. 0% ~ 61% 0% ~ 84% Lapse rate by sales channel, product, and time elapsed for the past five years. iv) The result of liability adequacy test as of January 1, 2020 and December 31, 2020 and 2021 are as follows: < Shinhan Life Insurance> January 1, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 595,317 1,367,648 (772,331 ) Variable interest 900,378 1,082,341 (181,963 ) Non- Fixed interest 6,608,221 4,199,666 2,408,555 Variable interest 14,481,696 13,770,288 711,408 Variable type 81,369 (28,011 ) 109,380 W 22,666,981 20,391,932 2,275,049 December 31, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 598,793 1,371,496 (772,703 ) Variable interest 915,382 1,062,384 (147,002 ) Non- Fixed interest 7,230,482 4,222,670 3,007,812 Variable interest 14,456,394 13,753,963 702,431 Variable type 165,259 61,212 104,047 W 23,366,310 20,471,725 2,894,585 December 31, 2021 Provisions for test LAT base Premium surplus Participating: Fixed interest W 1,371,625 2,098,387 (726,762 ) Variable interest 2,099,040 3,024,911 (925,871 ) Non- Fixed interest 18,749,426 8,155,797 10,593,629 Variable interest 23,059,035 21,378,217 1,680,818 Variable type 109,753 (1,437,388 ) 1,547,141 W 45,388,879 33,219,924 12,168,955 <Orange Life Insurance> January 1, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 716,607 762,204 (45,597 ) Variable interest 1,134,245 1,651,134 (516,889 ) Non-Participating: Fixed interest 9,296,542 5,795,590 3,500,952 Variable interest 9,236,731 9,142,918 93,813 Variable type (268,818 ) (1,877,845 ) 1,609,027 W 20,115,307 15,474,001 4,641,306 December 31, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 745,614 793,719 (48,105 ) Variable interest 1,174,807 1,698,984 (524,177 ) Non-Participating: Fixed interest 10,061,004 5,850,160 4,210,844 Variable interest 9,190,507 8,998,793 191,714 Variable type (15,032 ) (1,548,878 ) 1,533,846 W 21,156,900 15,792,778 5,364,122 |
Other liabilities (Tables)
Other liabilities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Other liabilities [Abstract] | |
Other liabilities | Other liabilities as of December 31, 2020 and 2021 are as follows: 2020 2021 Lease liabilities (*) W 594,161 612,690 Accounts payable 14,568,962 14,041,740 Accrued expenses 3,054,247 3,273,939 Dividend payable 32,508 32,275 Advance received 164,885 177,121 Unearned income 317,283 397,010 Withholding value-added tax and other taxes 692,719 673,294 Securities deposit received 2,198,722 1,985,269 Foreign exchange settlement pending 259,138 221,521 Domestic exchange settlement pending 5,745,338 1,890,408 Payable from trust account 5,086,459 5,191,901 Due to agencies 790,486 887,400 Deposits for subscription 148,506 133,550 Separate account liabilities 10,120,258 9,834,895 Sundry liabilities 1,617,449 1,563,832 Others 185,027 126,455 Present value discount (49,935 ) (52,464 ) W 40,990,836 (*) As of December 31, 2021, the Group accounts for the lease liabilities as other liabilities. For the year ended December 31, 2021, the amount of variable lease payments that are not included in the measurement of lease liabilities is W W W |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity [abstract] | |
Equity | (a) Equity as of December 31, 2020 and 2021 are as follows: 2020 2021 Capital stock: Common stock (*1) W 2,608,176 2,608,176 Preferred stock 361,465 361,465 2,969,641 2,969,641 Hybrid bond 2,179,934 3,334,531 Capital surplus: Share premium 11,352,924 11,352,819 Others 882,015 742,224 12,234,939 12,095,043 Capital adjustments (687,935 ) (664,429 ) Accumulated other comprehensive income, net of tax: Gain(loss) on financial assets at fair value through other comprehensive income 226,811 (614,872 ) Gain on financial assets at fair value through profit or loss (Overlay approach) 161,919 141,821 Equity in other comprehensive income of associates 4,849 7,595 Foreign currency translation adjustments for foreign operations (377,061 ) (125,219 ) Net loss from cash flow hedges (48,171 ) (26,471 ) Other comprehensive income(loss) of separate account 18,423 (22,850 ) Remeasurement of defined benefit obligation (385,780 ) (343,124 ) Changes in own credit risk on financial liabilities designated under fair value option (5,171 ) (1,816 ) (404,181 ) (984,936 ) Retained earnings (*2),(*3),(*4) 27,777,169 30,541,300 Non-controlling 2,287,291 2,247,272 W 46,356,858 49,538,422 (*1) For the year ended December 31, 2020, it increased due to common stock and third-party allocation paid-in W allocation-based (*2) As of December 31, 2020 and 2021, profits reserved by the Group as of Article 53 of the Financial Holding Companies Act amounted to W W (*3) As of December 31, 2020 and 2021, the regulatory reserves for loan losses the Group appropriated in retained earnings are W W (*4) As of December 31, 2021, profit dividends within retained earnings of subsidiaries of the Group restricted in accordance with laws, etc. are amounted to W (*5) As of December 31, 2020 and 2021, the total amounts of hybrid bonds that Shinhan Bank, Jeju Bank, Shinhan Capital Co,.Ltd. and Shinhan Life Insurance Co., Ltd. have recognized as non-controlling W W W W non-controlling (*6) The non-controlling W (*7) The non-controlling W |
Capital stock of the Group | (b) Capital stock Capital stock of the Group as of December 31, 2020 and 2021 are as follows: Number of authorized shares 1,000,000,000 Par value per share in won W 5,000 Number of issued common stocks as of December 31, 2020 516,599,554 Number of issued common stocks as of December 31, 2021 516,599,554 Number of issued preferred stocks as of December 31, 2020 and 2021 17,482,000 The details of changes in the number of common shares outstanding as of December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance 460,317,525 515,894,758 Increase 60,626,827 700,870 Decrease (5,049,594 ) (2,426 ) Ending balance 515,894,758 516,593,202 |
Changes in the number of common shares outstanding | (c) The details of preferred stock are as follows: The number Contracted Conversion request Convertible preferred stock 17,482,000 4.0% per year based on issue price (non-cumulative 2020.05.01~2023.04.30 (*) Preferred stocks that have not been converted for 4 years from the issuance date and until the expiration date of the period of existence are automatically converted to common stocks at the expiration date of the period of existence. |
Hybrid bond | Hybrid bonds classified as other equity instruments as of December 31, 2020 and 2021 are as follows: Issue date Maturity date Interest rate (%) 2020 2021 KRW June 25, 2015 June 25, 2045 4.38 W 199,455 199,455 September 15, 2017 — 3.77 134,683 134,683 September 15, 2017 — 4.25 89,783 89,783 April 13, 2018 — 4.08 134,678 134,678 April 13, 2018 — 4.56 14,955 14,955 August 29, 2018 — 4.15 398,679 398,679 June 28, 2019 — 3.27 199,476 199,476 September 17, 2020 — 3.12 448,699 448,699 March 16, 2021 — 2.94 — 429,009 March 16, 2021 — 3.30 — 169,581 USD August 13, 2018 — 5.88 559,526 559,526 May 12, 2021 — 2.88 — 556,007 W 2,179,934 3,334,531 (*) For the year ended December 31, 2021, the deduction for capital related to hybrid bonds issued is W |
Capital adjustments | Changes in capital adjustments for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Beginning balance W (1,116,770 ) (687,935 ) Acquisition of treasury stocks (150,467 ) (79 ) Disposal and retirement of treasury stocks 601,809 23,589 The acquisition commitment amount for subsidiaries’ remaining shares (22,019 ) — Other transactions with owners (488 ) (4 ) Ending balance W (687,935 ) (664,429 ) |
Changes in accumulated other comprehensive income | Changes in accumulated other comprehensive income for the years ended December 31, 2020 and 2021 are as follows: 2020 Items that are or may be reclassified to profit or loss Items that will never be reclassified to profit or loss Total Gain (loss) on Gain (loss) on Equity in Foreign Net gain Other Remeasure Equity in Gain (loss) on Gain (loss) on l Beginning balance W 233,328 71,621 8,193 (217,465 ) (33,711 ) 14,539 (401,532 ) (16 ) 73,142 (8,255 ) (260,156 ) Change due to fair value (3,601 ) 125,298 (1,080 ) — — 5,358 — (15 ) (19,133 ) (9,689 ) 97,138 Reclassification: Change due to impairment or disposal (105,274 ) — — 5,858 — — — — — 13,942 (85,474 ) Effect of hedge accounting — — — — 144,750 — — — — — 144,750 Hedging (4,395 ) — — 45,083 (164,708 ) — — — — — (124,020 ) Effects from changes in foreign exchange rate — 74 (355 ) (219,306 ) — — — — 721 — (218,866 ) Remeasurements of the defined benefit plans — — — — — — 21,422 — — — 21,422 Deferred income taxes 26,486 (35,074 ) (1,883 ) 7,000 5,498 (1,474 ) (5,610 ) 5 (2,573 ) (1,169 ) (8,794 ) Transfer to other account — — — — — — — — 27,825 — 27,825 Non-controlling 285 — — 1,769 — — (60 ) — — — 1,994 Ending balance W 146,829 161,919 4,875 (377,061 ) (48,171 ) 18,423 (385,780 ) (26 ) 79,982 (5,171 ) (404,181 ) 2021 Items that are or may be reclassified to profit or loss Items that will never be reclassified to profit or loss Total Gain (loss) on Gain (loss) on Equity in Foreign Net gain Other Remeasure Equity in Gain (loss) on Gain (loss) on l Beginning balance W 146,829 161,919 4,875 (377,061 ) (48,171 ) 18,423 (385,780 ) (26 ) 79,982 (5,171 ) (404,181 ) Change due to fair value (1,110,290 ) (31,924 ) 6,517 — — (56,484 ) — (3 ) 21,408 (1,526 ) (1,172,302 ) Reclassification: Change due to impairment or disposal (114,399 ) — — — — — — — — — (114,399 ) Effect of hedge accounting — — — — (209,869 ) — — — — — (209,869 ) Hedging 10,627 — — (74,525 ) 239,800 — — — — — 175,902 Effects from changes in foreign exchange rate — — — 333,059 — — — — 673 — 333,732 Remeasurements of the defined benefit plans — — — — — — 59,441 — — — 59,441 Deferred income taxes 334,391 11,826 (3,769 ) (6,226 ) (8,231 ) 15,211 (16,164 ) 1 (16,061 ) (1,272 ) 309,706 Transfer to other account — — — — — — — — 29,421 6,153 35,574 Non-controlling 2,547 — — (466 ) — — (621 ) — — — 1,460 Ending balance W (730,295 ) 141,821 7,623 (125,219 ) (26,471 ) (22,850 ) (343,124 ) (28 ) 115,423 (1,816 ) (984,936 ) |
Appropriation of retained earnings | (g) Appropriation of retained earnings The appropriation of retained earnings for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Date of appropriation: March 25, 2021 March 24, 2022 Unappropriated retained earnings: Balance at beginning of year W 5,251,413 5,355,358 Retirement of treasury stock (150,325 ) — Dividend to hybrid bonds (85,327 ) (116,388 ) Interim dividends — (299,082 ) Net income 1,274,443 1,413,956 6,290,204 6,353,844 Appropriation of retained earnings: Legal reserve (127,444 ) (141,396 ) Dividends Dividends on common stocks paid (773,839 ) (723,230 ) Dividends on preferred stocks paid (29,999 ) (24,475 ) Regulatory reserve for loan losses (3,564 ) (2,972 ) (934,846 ) (892,073 ) Unappropriated retained earnings to be carried over to subsequent year W 5,355,358 5,461,771 (*) These statements of appropriation of retained earnings are based on the separate financial statements of Shinhan Financ i al |
Changes in regulatory reserve for loan losses including non-controlling interests | (h) Regulatory reserve for loan losses In accordance with Regulations for the Supervision of Financial Institutions, the Group reserves the difference between allowance for credit losses by IFRS and that as required by the Regulations at the account of regulatory reserve for loan losses in retained earnings. i) Changes in regulatory reserve for loan losses including non-controlling 2020 2021 Beginning balance W 3,161,170 3,329,899 Planned regulatory reversal of loan losses 168,729 369,416 Ending balance W 3,329,899 3,699,315 (*) After the Board of Directors’ approval of financial statements (February 9, 2022), on March 15, 2022, the Board of Directors decided to set an additional reserve for loan losses of W ii) Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses for the years ended December 31, 2020 and 2021 are as follows: 2020 2021 Profit attributable to equity holders of Shinhan Financial Group W 3,414,595 4,019,254 Provision for regulatory reserve for loan losses (*1) (177,620 ) (364,882 ) Profit attributable to equity holders of Shinhan Financial Group adjusted for regulatory reserve W 3,236,975 3,654,372 Basic and diluted earnings per share adjusted for regulatory reserve in won (*2) 6,299 6,625 (*1) After the Board of Directors’ approval of financial statements (February 9, 2022), on March 15, 2022, the Board of Directors decided to set an additional reserve for loan losses of W W (*2) Dividends for hybrid bonds are deducted. |
Acquisition of treasury stock | (i) Treasury stock The acquisitions of treasury stock for the years ended December 31, 2020 and 2021 are as follows: 2020 (*) 2021 The number of Carrying The number of Carrying Beginning balance 13,882,062 W 600,000 704,796 W 28,215 Acquisition 5,049,594 150,467 2,426 79 Disposal 13,191,202 (572,252 ) 700,870 (28,067 ) Retirement 5,035,658 (150,000 ) — — Ending balance 704,796 W 28,215 6,352 W 227 (*) Changes in equity shares due to the exchange of shares with Orange Life Insurance Co., Ltd. and Shinhan Venture Investment Co., Ltd. are included in the acquisition and disposal for treasury stock. Shares of Shinhan Financial Group Co., Ltd. is owned by Orange Life Insurance Co., Ltd. and Shinhan Venture Investment Co., Ltd. are included in its own shares. |
Dividends (Tables)
Dividends (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Dividends [Abstract] | |
Disclosure of interim dividends paid | (a) For the year ended December 31, 2021, the interim dividends paid are as follows: Dividend base date Amount 2 ND Quarter Common stock ( W W 154,978 Convertible preferred stock ( W 5,245 W 160,223 Dividend base date Amount 3 rd Quarter Common stock ( W W 134,314 Convertible preferred stock ( W 4,545 W 138,859 (*) The Group has amended the articles of association by resolution of the general meeting of stockholders on March 25, 2021 and the Group has been offering interim dividends since June 30, 2021. |
Details of dividends recognized as distributions to stockholders | (b) Details of dividends recognized as distributions to stockholders for the years ended December 31, 2020 and 2021 are as follows: 2020 2021(*) Common Stock: Total number of shares issued and outstanding 516,599,554 516,599,554 Par value per share in won 5,000 5,000 Dividend per share in won 1,500 1,400 Dividends (*2) W 773,839 723,230 Dividend rate per share % 30.0 28.0 Preferred Stock: Total number of shares issued and outstanding 17,482,000 17,482,000 Par value per share in won 5,000 5,000 Dividend per share in won 1,716 1,400 Dividends W 29,999 24,475 Dividend rate per share % 34.3 28.0 (*1) The current dividend (plan) was (*2) Dividends on own shares held by the Group are excluded. |
Schedule of dividends payable | (c) The details of dividends paid by the Group related to the preferred stock issued for the year ended December 31, 2021 are as follows: Number of Dividend per share (in won) Total dividend Issue price per share (in won) Dividend rate per issue 17,482,000 1,960 34,265 42,900 4.57 |
Dividend for hybrid bond | (d) Dividends for hybrid bond is calculated as follows for the years ended December 31, 2020 and 2021: 2020 2021 Amount of hybrid bond W 2,188,150 3,347,700 Interest rate (%) 3.12 ~ 5.88 2.88 ~ 5.88 Dividends W 85,327 116,388 |
Net interest income (Tables)
Net interest income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Net interest income [Abstract] | |
Summary of Net interest income | Net interest income for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Interest income: Cash and deposits at amortized cost W 210,415 128,023 85,846 Deposits at FVTPL 31,506 13,888 1,298 Securities at FVTPL 740,378 742,958 659,927 Securities at FVOCI 1,077,995 957,817 896,027 Securities at amortized cost 1,061,262 1,076,849 1,091,974 Loans at amortized cost 12,435,302 11,697,775 11,889,767 Loans at FVTPL 56,961 73,991 35,587 Others 93,543 82,695 63,804 15,707,362 14,773,996 14,724,230 Interest expense: Deposits (3,644,632 ) (2,842,625 ) (2,173,804 ) Borrowings (551,416 ) (426,607 ) (330,548 ) Debt securities issued (1,666,257 ) (1,554,544 ) (1,390,230 ) Others (107,093 ) (67,520 ) (60,323 ) (5,969,398 ) (4,891,296 ) (3,954,905 ) Net interest income W 9,737,964 9,882,700 10,769,325 |
Net fees and commission income
Net fees and commission income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Fee and commission income (expense) [abstract] | |
Summary of Net fees and commission income | Net fees and commission income for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Fees and commission income: Credit placement fees W 66,666 94,836 71,480 Commission received as electronic charge receipt 151,584 143,449 148,626 Brokerage fees 353,382 546,236 577,238 Commission received as agency 140,484 145,162 146,662 Investment banking fees 151,031 161,439 188,644 Commission received in foreign exchange activities 244,325 239,467 271,808 Trust management fees 307,167 255,043 310,376 Credit card fees 1,234,239 1,170,078 1,175,084 Operating lease fees (*) 142,025 245,173 365,447 Others 766,110 813,591 884,520 3,557,013 3,814,474 4,139,885 Fees and commission expense: Credit-related fee (42,023 ) (46,456 ) (38,668 ) Credit card fees (915,521 ) (849,256 ) (836,990 ) Others (458,950 ) (535,829 ) (589,230 ) (1,416,494 ) (1,431,541 ) (1,464,888 ) Net fees and commission income W 2,140,519 2,382,933 2,674,997 (*) Among operating lease fees recognized for the years ended December 31, 2020 and 2021, there is no variable lease fee income which does not vary by index or rate. |
Dividend income (Tables)
Dividend income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Dividend income [Abstract] | |
Summary of Dividend income | Dividend income for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Securities at FVTPL W 65,572 76,453 100,315 Securities at FVOCI 16,586 21,503 24,216 W 82,158 97,956 124,531 |
Net gain (loss) on financial _3
Net gain (loss) on financial instruments measured at fair value through profit or loss (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Net gain (loss) on financial instruments measured at fair value through profit or loss [Abstract] | |
Summary of Net gain (loss) on financial instruments measured at fair value through profit or loss | Net gain(loss) on financial instruments measured at fair value through profit or loss for the ended December 31, 2019 2020 and 2021 are as follows: 2019 2020 2021 Net gain (loss) on deposits measured at FVTPL Gain (loss) on valuation W 87,374 1,267 (296 ) Gain (loss) on sale 13,400 28,461 (1,479 ) 100,774 29,728 (1,775 ) Net gain (loss) on loans measured at FVTPL loss on valuation (248,032 ) (204,702 ) (78,416 ) Gain on sale 10,395 17,516 15,312 (237,637 ) (187,186 ) (63,104 ) Net gain (loss) on securities measured at FVTPL Debt securities Gain on valuation 137,181 41,208 97,281 Gain (loss) on sale 125,431 72,338 (92,230 ) Other gains 297,024 331,837 506,980 559,636 445,383 512,031 Equity securities Gain on valuation 141,246 134,922 180,363 Gain on sale 183,969 283,265 199,702 325,215 418,187 380,065 Other Gain on valuation 28,803 22,690 9,316 913,654 886,260 901,412 2019 2020 2021 Net gain (loss) on financial liabilities measured at FVTPL Debt securities Loss on valuation (16,810 ) (48,261 ) (7,745 ) Gain (loss) on disposal (35,710 ) 82,724 (67,522 ) (52,520 ) 34,463 (75,267 ) Other Loss on valuation (91,025 ) (83,316 ) (26,224 ) Gain on disposal 4,169 8,313 3,489 (86,856 ) (75,003 ) (22,735 ) (139,376 ) (40,540 ) (98,002 ) Derivatives: Gain (loss) on valuation 388,880 245,681 (64,128 ) Gain (loss) on transaction 359,187 (661,113 ) 429,228 748,067 (415,432 ) 365,100 W 1,385,482 272,830 1,103,631 |
Net gain (loss) on financial _4
Net gain (loss) on financial instruments designated at fair value through profit or loss (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Net gain (loss) on financial instruments designated at fair value through profit or loss [Abstract] | |
Summary of Net gain (loss) on financial instruments designated at fair value through profit or loss | Net gain (loss) on financial instruments designated at fair value through profit or loss for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Financial liabilities designated at fair value through profit or loss: Compound financial instruments Gain (loss) on valuation W (33,871 ) 241,066 423,914 Loss on sale and redemption (812,175 ) (42,827 ) (512,215 ) W (846,046 ) 198,239 (88,301 ) |
Reversal of (provision for) c_2
Reversal of (provision for) credit loss allowance (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Provision for allowance for credit loss [Abstract] | |
Summary of Provision for allowance for credit loss | Reversal of (provision for) credit loss allowance on financial assets for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Allowance provided: Loans at amortized cost W (910,898 ) (1,290,695 ) (907,070 ) Other financial assets at amortized cost (33,945 ) (33,785 ) (52,162 ) Securities at fair value through other comprehensive income (5,787 ) (3,829 ) (19,697 ) Unused credit line and financial guarantee (29,519 ) (52,795 ) — Securities at amortized cost (543 ) (1,075 ) (5,305 ) (980,692 ) (1,382,179 ) (984,234 ) Allowance reversed: Unused credit commitment and financial guarantee — — 9,549 W (980,692 ) (1,382,179 ) (974,685 ) |
General and administrative ex_2
General and administrative expenses (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
General and Administrative Expenses [Abstract] | |
Summary of General and administrative expenses | General and administrative expenses for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Employee benefits: Salaries W 2,918,065 3,034,543 3,283,436 Severance benefits: Defined contribution 35,972 36,660 38,577 Defined benefit 168,732 184,753 192,614 Termination benefits 122,732 94,723 268,089 3,245,501 3,350,679 3,782,716 Entertainment 36,931 34,963 38,552 Depreciation 479,657 475,506 490,457 Amortization 99,208 129,976 155,202 Taxes and utility bills 197,691 197,996 187,432 Advertising 265,739 204,308 280,780 Research 17,742 20,271 25,320 Others 792,205 798,774 782,629 W 5,134,674 5,212,473 5,743,088 |
Share-based payments (Tables)
Share-based payments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of terms and conditions of share-based payment arrangement [abstract] | |
Summary of Stock options granted | (a) Stock options granted as of December 31, 2021 are as follows: 7th grant (*) Type Cash payment Grant date March 19, 2008 Exercise price in Korean won W Number of shares granted 808,700 Options’ expiry dates May 17, 2021 / Changes in number of shares granted: Balance at January 1, 2021 36,162 Exercised 36,162 Balance at December 31, 2021 — |
Summary of Performance shares granted | (b) Performance shares granted as of December 31, 2021 are as follows: Expired Not expired Type Cash-settled share-based payment Performance conditions (*1) Relative stock price linked (20.0%), management index (80.0%) Exercising period 4 years from the commencement date of the year to which the grant date belongs Estimated number of shares vested at December 31, 2021 578,201 1,941,484 Fair value per share in Korean won (*2) W W W W W (*1) Starting with the shares provided from 2020, Shinhan Financial Group and Shinhan Bank apply relative stock price linked (20.0%), management index (60.0%), and prudential index (20.0%). (*2) Based on performance-based stock compensation, the reference stock price (the arithmetic average of the weighted average share price of transaction volume for the past two month, the previous one month, and the past one week) of four years after the commencement of the grant year is paid in cash, and the fair value of the reference stock to be paid in the future is assessed as the closing price of the settlement. |
Summary of Share-based compensation costs | (c) Share-based compensation costs for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 Employees of The controlling The subsidiaries Total Stock options granted: 5th W — 9 9 6th (3 ) (15 ) (18 ) 7th (5 ) (6 ) (11 ) Performance share 4,678 32,646 37,324 W 4,670 32,634 37,304 2020 Employees of The controlling The subsidiaries Total Stock options granted: 6th W (1 ) (4 ) (5 ) 7th (18 ) (26 ) (44 ) Performance shares (257 ) (3,902 ) (4,159 ) W (276 ) (3,932 ) (4,208 ) 2021 Employees of The controlling The subsidiaries Total Stock options granted: 7th W (1 ) (1 ) (2 ) Performance shares 4,286 32,899 37,185 W 4,285 32,898 37,183 |
Summary of Accrued expenses and the intrinsic value | (d) Accrued expenses and the intrinsic value as of December 31, 2020 and 2021 are as follows: 2020 Accrued expense (*) The controlling The subsidiaries Total Stock options granted: 7th W 1 1 2 Performance shares 7,201 60,241 67,442 W 7,202 60,242 67,444 (*) The intrinsic value of share-based payments is W W 2021 Accrued expense (*) The controlling The subsidiaries Total Stock options granted: Performance shares W 10,598 82,498 93,096 (*) As of December 31, 2021, all stock options have expired, and the fair value is considered as intrinsic value for performance shares, respectively. |
Net other operating expense (Ta
Net other operating expense (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Net other operating expense [Abstract] | |
Summary of Other operating income and other operating expense | Other operating income and other operating expense for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Other operating income Gain on disposal of assets: Loans at amortized cost W 18,298 21,348 18,843 Others: Gain on hedged items 564,438 536,768 501,676 Reversal of allowance for guarantees and acceptances 19,329 2,709 — Gain on other trust accounts 27 — 44,238 Reversal of other allowance 11,194 850 8,886 Others 97,777 164,999 356,611 692,765 705,326 911,411 711,063 726,674 930,254 Other operating expense Loss on disposal of assets: Loans at amortized cost (27,291 ) (18,675 ) (347 ) Others: Loss on hedged items (596,533 ) (605,808 ) (518,891 ) Fund contribution (311,336 ) (367,993 ) (397,884 ) Provision for guarantees and acceptances — — (3,457 ) Provision for other debt allowances (6,939 ) (16,862 ) (52,123 ) Depreciation of operating lease assets (98,288 ) (163,006 ) (257,033 ) Others (857,918 ) (924,796 ) (1,190,546 ) (1,871,014 ) (2,078,465 ) (2,419,934 ) (1,898,305 ) (2,097,140 ) (2,420,281 ) Net other operating expenses W (1,187,242 ) (1,370,466 ) (1,490,027 ) |
Net other non-operating income
Net other non-operating income (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Net other non-operating income [Abstract] | |
Summary of Other non-operating income and other non-operating expense | Other non-operating non-operating 2019 2020 2021 Other non-operating Gain on disposal of assets: Property and equipment (*1) W 1,452 64,427 1,836 Investment property (*1) 12,640 20,701 108 Assets held for sale — 1,147 16,976 Lease assets 1,681 2,712 247 Right-of-use 1,112 3,415 2,986 Others 407 24 — 17,292 92,426 22,153 Gain on disposal of Investments in associates 3,461 11,325 39,593 Others: Rental income on investment property 43,777 23,890 35,887 Reversal of impairment losses on intangible asset 438 119 372 Gain from assets contributed 86 4 20 Others 82,879 66,268 64,272 127,180 90,281 100,551 147,933 194,032 162,297 Other non-operating Loss on disposal of assets: Property and equipment (*1) (870 ) (5,884 ) (2,027 ) Investment property — — (2,111 ) Lease assets (3,221 ) (5,538 ) — Right-of-use (306 ) (1,195 ) (2,920 ) Others — (64 ) (1,186 ) (4,397 ) (12,681 ) (8,244 ) Loss on disposal of investments in associates (3,974 ) (5,754 ) (11,002 ) Impairment loss on investments in associates — (9,407 ) (10,719 ) (3,974 ) (15,161 ) (21,721 ) Others: Donations (94,937 ) (86,608 ) (64,098 ) Depreciation of investment properties (17,565 ) (20,165 ) (21,616 ) Impairment loss on property and equipment — — (7,594 ) Impairment loss on intangible assets (152,081 ) (41,429 ) (34,916 ) Write-off (9,221 ) (474 ) (1,346 ) Expenses on collection of special bonds (7,322 ) (7,978 ) (11,275 ) Others (*2) (46,465 ) (344,934 ) (518,519 ) (327,591 ) (501,588 ) (659,364 ) (335,962 ) (529,430 ) (689,329 ) Net other non-operating W (188,029 ) (335,398 ) (527,032 ) (*1) Gain and loss on disposal of sale-and-leaseback sale-and-leaseback W (*2) It includes W W |
Income tax expense (Tables)
Income tax expense (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |
Summary of income tax expense | (a) Income tax expense for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Current income tax expense W 1,115,724 1,131,254 1,498,819 Temporary differences 296,244 131,862 (322,279 ) Income tax recognized in other comprehensive income (142,844 ) (7,321 ) 294,496 Income tax expenses W 1,269,124 1,255,795 1,471,036 |
Summary of income tax expense calculated by multiplying net income before tax with the tax rate | (b) Income tax expense calculated by multiplying net income before tax with the tax rate for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Profit before income taxes W 4,911,508 4,753,871 5,583,664 Income taxes at statutory tax rates 1,345,187 1,301,836 1,530,030 Adjustments: Non-taxable 8,500 (4,932 ) (8,417 ) Non-deductible 18,461 14,529 15,975 Tax credit (2,289 ) (88 ) (159 ) Other (100,735 ) (55,550 ) (66,393 ) Income tax expense W 1,269,124 1,255,795 1,471,036 Effective tax rate %25.84 26.42 26.35 |
Summary of deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences | (c) Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences for the years ended December 31, 2020 and 2021 are as follows: 2020 Beginning Business Profit or Other Ending Unearned income W (331,679 ) — 3,401 — (328,278 ) Account receivable (26,324 ) — (2,754 ) — (29,078 ) Financial assets measured at fair value (101,577 ) 1,750 (28,950 ) (13,308 ) (142,085 ) Investment in associates and etc. 18,758 — 144,390 (1,878 ) 161,270 Valuation and depreciation of property and equipment (151,046 ) 7 253 — (150,786 ) Derivative asset (liability) 21,005 — (80,357 ) 3,762 (55,590 ) Deposits 30,641 — (3,009 ) — 27,632 Accrued expenses 145,494 441 (5,071 ) — 140,864 Defined benefit obligation 506,132 209 39,072 (6,759 ) 538,654 Plan assets (507,140 ) — (47,934 ) 1,167 (553,907 ) Other provisions 213,055 — 99,223 — 312,278 Allowance for acceptances and guarantees 80,014 — 8,036 — 88,050 Allowance related to asset revaluation (49,713 ) — — — (49,713 ) Allowance for expensing depreciation (401 ) — 64 — (337 ) Deemed dividend — — — — — Accrued contributions 36,818 — (20,200 ) — 16,618 Financial assets (liabilities) designated at fair value through profit of loss 42,817 — (71,043 ) — (28,226 ) Allowances 38,068 — 185,583 — 223,651 Constructive dividend 1,341 — 14,950 — 16,291 Liability under insurance contracts 24,147 — (22,408 ) — 1,739 Deficit carried over — — 311 — 311 Others (543,770 ) 451 (304,112 ) 9,695 (837,736 ) (553,360 ) 2,858 (90,555 ) (7,321 ) (648,378 ) Expired unused tax losses: Extinguishment of deposit and insurance liabilities 320,011 — (35,944 ) — 284,067 W (233,349 ) 2,858 (126,499 ) (7,321 ) (364,311 ) (*) Deferred tax assets from overseas subsidiaries are increased by W 2021 Beginning Business Profit or Other Ending Unearned income W (328,278 ) — (12,714 ) — (340,992 ) Account receivable (29,078 ) — 2,498 — (26,580 ) Financial assets measured at fair value (142,085 ) — 83,716 325,327 266,958 Investment in associates and etc. 161,270 — 22,616 (5,624 ) 178,262 Valuation and depreciation of property and equipment (150,786 ) — 14,616 — (136,170 ) Derivative asset (liability) (55,590 ) — 86,234 (8,995 ) 21,649 Deposits 27,632 — (3,202 ) — 24,430 Accrued expenses 140,864 — 13,852 — 154,716 Defined benefit obligation 538,654 — 26,411 (15,115 ) 549,950 Plan assets (553,907 ) — (47,067 ) (870 ) (601,844 ) Other provisions 312,278 — 77,268 — 389,546 Allowance for acceptances and guarantees 88,050 — (55,588 ) — 32,462 Allowance related to asset revaluation (49,713 ) — — — (49,713 ) Allowance for expensing depreciation (337 ) — 63 — (274 ) Accrued contributions 16,618 — 19,496 — 36,114 Financial assets(liabilities) designated at fair value through profit of loss (28,226 ) — (46,429 ) — (74,655 ) Allowances 223,651 — (91,412 ) — 132,239 Constructive dividend 16,291 — 446 — 16,737 Liability under insurance contracts 1,739 — 132 — 1,871 Deficit carried over 311 — (311 ) — — Others (837,736 ) — (44,441 ) (227 ) (882,404 ) (648,378 ) — 46,184 294,496 (307,698 ) Expired unused tax losses: Extinguishment of deposit and insurance liabilities 284,067 — (17,462 ) — 266,605 W (364,311 ) — 28,722 294,496 (41,093 ) (*) Deferred tax assets from overseas subsidiaries are increased by W |
Summary of deferred tax assets and liabilities that were directly charged or credited to equity | (d) Deferred tax assets and liabilities that are directly charged or credited to equity for the years ended December 31, 2020 and 2021 are as follows: January 1, 2020 Changes December 31, 2020 OCI Tax effect OCI Tax effect OCI Tax effect Gain (loss) on valuation of financial assets measured at FVOCI W 439,370 (132,901 ) (103,570 ) 23,912 335,800 (108,989 ) Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk (11,386 ) 3,131 4,253 (1,170 ) (7,133 ) 1,961 Foreign currency translation adjustments for foreign operations (208,348 ) (9,117 ) (166,596 ) 7,000 (374,944 ) (2,117 ) Gain (loss) on cash flow hedge (47,977 ) 14,266 (19,958 ) 5,498 (67,935 ) 19,764 Equity in other comprehensive income(loss) of associates 8,300 (122 ) (1,450 ) (1,878 ) 6,850 (2,000 ) The accumulated other comprehensive income(loss) in separate account (*) 20,054 (5,515 ) 5,358 (1,473 ) 25,412 (6,988 ) Remeasurements of the defined benefit liability (553,538 ) 152,006 21,362 (5,610 ) (532,176 ) 146,396 Gain (loss) on valuation of financial asset measured at FVTPL (Overlay approach) 98,678 (27,057 ) 125,371 (35,073 ) 224,049 (62,130 ) W (254,847 ) (5,309 ) (135,230 ) (8,794 ) (390,077 ) (14,103 ) January 1, 2021 Changes December 31, 2021 OCI Tax effect OCI Tax effect OCI Tax effect Gain (loss) on valuation of financial assets measured at FVOCI W 335,800 (108,989 ) (1,160,013 ) 318,331 (824,213 ) 209,342 Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk (7,133 ) 1,961 4,627 (1,272 ) (2,506 ) 689 Foreign currency translation adjustments for foreign operations (374,944 ) (2,117 ) 258,068 (6,226 ) (116,876 ) (8,343 ) Gain (loss) on cash flow hedge (67,935 ) 19,764 29,931 (8,232 ) (38,004 ) 11,532 Equity in other comprehensive income(loss) of associates 6,850 (2,000 ) 6,512 (3,766 ) 13,362 (5,766 ) The accumulated other comprehensive income(loss) in separate account(*) 25,412 (6,988 ) (56,484 ) 15,211 (31,072 ) 8,223 Remeasurements of the defined benefit liability (532,176 ) 146,396 58,820 (16,164 ) (473,356 ) 130,232 Gain (loss) on valuation of financial asset measured at FVTPL (Overlay approach) 224,049 (62,130 ) (31,924 ) 11,826 192,125 (50,304 ) W (390,077 ) (14,103 ) (890,463 ) 309,708 (1,280,540 ) 295,605 (*) Deferred tax effects, which are originated from the accumulated other comprehensive income in separate account, are included in the other liabilities of principle and interest guaranteed separate account’s financial statement. |
Summary of the amount of deductible temporary differences, unused tax losses, and unused tax credits that are not recognized as deferred tax assets | (e) There is no the amount of deductible temporary differences, that are not recognized as deferred tax assets as of December 31, 2020 and 2021. |
Summary of the amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities | (f) The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities as of December 31, 2020 and 2021 are as follows: 2020 2021 Investment in associates W (897,110 ) (1,304,370 ) |
Summary of deferred tax assets and liabilities presented on a gross basis prior to any offsetting | (g) The Group set off a deferred tax asset against a deferred tax liability of the same taxable entity if, and only if, they relate to income taxes levied by the same taxation authority and the entity has a legally enforceable right to set off current tax assets against current tax liabilities. Deferred tax assets and liabilities presented on a gross basis prior to any offsetting as of December 31, 2020 and 2021 are as follows: 2020 2021 Deferred tax assets W 440,430 593,852 Deferred tax liabilities (804,741 ) (634,945 ) |
Earnings per share (Tables)
Earnings per share (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Earnings per share [abstract] | |
Summary of earnings per share | (a) Basic and diluted earnings per share for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Profit attributable to equity holders of Shinhan Financial Group W 3,403,497 3,414,595 4,019,254 Less: Dividends to hybrid bond (61,993 ) (85,327 ) (116,388 ) Net profit available for common stock W 3,341,504 3,329,268 3,902,866 Weighted average number of common shares outstanding (*1),(*2) 477,346,731 500,343,324 534,049,948 Basic and diluted earnings per share in won W 7,000 6,654 7,308 (*1) The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019. (*2) Treasury stock has retired on June 1, 2020. |
Summary of weighted average number of ordinary shares | (b) The calculation details of the weighted average number of ordinary shares for the years ended December 31, 2020 and 2021 are as follows: 2020 Number of shares Number of days Number of common shares issued 516,599,554 178,880,869,852 Shares of convertible preferred stock 17,482,000 6,398,412,000 Shares of treasury stock (704,796 ) (2,153,625,403 ) Average number of ordinary shares 533,376,758 183,125,656,449 Days 366 days Weighted average number of ordinary shares 500,343,324 2021 Number of shares Number of days Number of common shares issued 516,599,554 188,558,837,210 Shares of convertible preferred stock 17,482,000 6,380,930,000 Shares of treasury stock (6,352 ) (11,536,338 ) Average number of ordinary shares 534,075,202 194,928,230,872 Days 365 days Weighted average number of ordinary shares 534,049,948 |
Commitments and contingencies (
Commitments and contingencies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of contingent liabilities [abstract] | |
Summary of guarantees, acceptances and credit commitments | (a) Guarantees, acceptances and credit commitments as of December 31, 2020 and 2021 are as follows: 2020 2021 Guarantees and purchase agreements: Outstanding guarantees W 10,249,827 10,540,968 Contingent guarantees 3,433,953 4,670,771 ABS and ABCP purchase agreements 1,604,958 1,525,768 15,288,738 16,737,507 Commitments to extend credit: Loan commitments in won 80,598,639 81,707,963 Loan commitments in foreign currency 19,319,903 19,807,686 Other agreements (*) 87,718,227 92,338,217 187,636,769 193,853,866 Endorsed bills: Secured endorsed bills 1,650 8,199 Unsecured endorsed bills 7,324,559 7,683,165 7,326,209 7,691,364 W 210,251,716 218,282,737 (*) Unused credit commitments provided to the card customers are included, the amounts are W W |
Summary of pending litigations | (b) Pending litigations The Group’s pending lawsuits as a defendant as of December 31, 2021 are as follows: Case Number Claim Description Status Return of unjust earning 1 W 33,096 The Plaintiff believes that the group of lenders including the Group unfairly sold two oil drilling vessels that are the core assets for borrowers and it caused losses to other bankrupt creditors of the borrower. Therefore, the Plaintiff filed a lawsuit for damages. The first order is ongoing as of December 31, 2021. Request for return of trust and etc. 1 10,997 Claims for payment of principal of trust and trust profits upon termination of a specific trust. It was filed on December 13, 2021 Loans lawsuit 1 10,654 Loans lawsuit The Group won the first order and second order is ongoing as of December 31, 2021. Return of down payment for Ulsan Innovative City 1 12,045 The Plaintiffs, the distributors, had received the properties from the Group in accordance with the Act of Industrial Integration, but Ulsan City refused to approve the move-in re-transfer. The Group won the first order and second order is ongoing as of December 31, 2021. Others(*) 583 337,417 It includes various cases, such as compensation for loss claim. 587 W 404,209 (*) In January 2022, two lawsuits were filed, claiming damages (lawsuit value of W |
Statement of cash flows (Tables
Statement of cash flows (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of cash flow statement [Abstract] | |
Summary of cash and cash equivalents in the consolidated statements of cash flows | (a) Cash and cash equivalents in the consolidated statements of cash flows as of December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Cash and due from banks at amortized cost W 28,435,818 33,420,549 28,471,127 Adjustments: Due from financial institutions with a maturity over three months from date of acquisition (3,349,719 ) (2,488,156 ) (1,490,600 ) Restricted due from banks (16,506,925 ) (21,969,411 ) (13,896,642 ) W 8,579,174 8,962,982 13,083,885 |
Summary of significant non-cash activities | (b) Significant non-cash 2019 2020 2021 Investment conversion W 224,093 58,528 32,239 Transfers from construction-in-progress 76,004 56,575 18,748 Transfers between property and equipment and investment property 104,573 4,064 73,773 Transfers between assets held for sale and property and equipment 455 31,633 1,022 Transfers between investment property and assets held for sale 15,795 910 2,238 Accounts payable for purchase of intangible assets, etc. 472,798 137,476 137,058 Transaction for right-of-use 1,376,764 281,785 289,995 Exchange of shares related to acquisition of subsidiaries — 629,449 — Exchange of shares related to disposal of treasury stocks — 287,669 — |
Summary of changes in assets and liabilities arising from financing activities | (c) Changes in assets and liabilities arising from financing activities for the years ended December 31, 2020 and 2021 are as follows: 2020 Net Derivative Borrowings Debt Lease Total Beginning balance W (5,822 ) 34,863,156 75,363,364 1,104,259 111,324,957 Changes from cash flows 43,676 7,465,106 (28,372 ) (781,867 ) 6,698,543 Changes from non-cash Amortization of discount on borrowings and debentures — 22,836 437,627 14,504 474,967 Changes in foreign currency — 271,179 (417,151 ) — (145,972 ) Other non-financial (126,638 ) (1,037,213 ) (221,074 ) 256,426 (1,128,499 ) Business combination(Note47) — 9,000 — 839 9,839 Ending balance W (88,784 ) 41,594,064 75,134,394 594,161 117,233,835 2021 Net Derivative Borrowings Debt Lease Total Beginning balance W (88,784 ) 41,594,064 75,134,394 594,161 117,233,835 Changes from cash flows 12,667 849,212 4,417,830 (275,273 ) 5,004,436 Changes from non-cash Amortization of discount on borrowings and debentures — (71,390 ) 9,257 10,873 (51,260 ) Changes in foreign currency — 193,892 779,919 — 973,811 Other non-financial (5,290 ) 601,287 (192,037 ) 282,929 686,889 Ending balance W (81,407 ) 43,167,065 80,149,363 612,690 123,847,711 |
Related parties (Tables)
Related parties (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Related parties [Abstract] | |
Summary of balances with the related parties | (a) Balances with the related parties as of December 31, 2020 and 2021 are as follows: Related party Account 2020 2021 Investments in associates: BNP Paribas Cardif Life Insurance Other assets W 76 61 ” Credit card loans 81 87 ” Deposits 13,941 14,870 Partners 4th Growth Investment Fund Deposits 2,802 10,096 BNP Paribas Cardif General Insurance Credit card loans 21 24 ” ACL — (2 ) ” Other provisions — 4 ” Deposits 41 1,455 Dream High Fund III Deposits 4 4 Credian Healthcare Private Equity Fund II (*) Deposits 2 — Midas Dong-A Deposits 1,739 350 Eum Private Equity Fund No.3 (*) Deposits 20 — Incorporated association Finance Saving Information Center Deposits 7 16 Nomura investment property trust No.19 Loans 11,976 11,880 ” Other assets 44 — SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Other assets 1,160 345 Related party Account 2020 2021 Investments in associates (continued): Korea Finance Security Deposits W 568 457 SHINHAN-CORE TREND GLOBAL FUND 1 Unearned revenue 16 17 Hermes Private Investment Equity Fund Deposits 352 246 Korea Credit Bureau Deposits 2,088 1,394 Goduck Gangil1 PFV Co., Ltd Loans 24,000 12,000 ” ACL (71 ) (52 ) SBC PFV Co., Ltd Deposits 8,011 33,278 Sprott Global Renewable Private Equity Fund I Deposits 258 176 IMM Global Private Equity Fund Loans 800 800 ” ACL (2 ) (3 ) ” Deposits 10,820 21,543 Goduck Gangil10 PFV Co., Ltd Loans 9,400 7,600 ” ACL (19 ) (24 ) ” Deposits 2,718 72,740 Shinhan Global Healthcare Fund 2 Deposits 1 1 One Shinhan Global Fund 1 Unearned revenue 122 104 IGIS PRIVATE REAL ESTATE TRUST NO.331 (*) Loans 9,919 — ” Accrued income 121 — ” Unearned revenue 22 — COSPEC BIM tech (*) Loans 151 — ” ACL (95 ) — ” Deposits 1 — IMM Special Situation 1-2 Deposits 117 23 EDNCENTRAL Co.,Ltd. Loans 19,450 19,739 ” Accrued income 9 9 ” Deposits — 1 ” Unearned revenue 578 40 KoFC-Neoplux R&D-Biz 2013-1 Account receivables 2,823 — Future-Creation Neoplux Venture Capital Fund Account receivables 4,137 3,919 Neoplux Market-Frontier Secondary Fund Account receivables 1,630 954 Gyeonggi-Neoplux Superman Fund Account receivables 186 620 Shinhan-Neoplux Energy Newbiz Fund Account receivables 25 1,002 SHINHAN-NEO Account receivables 3 — KTC-NP 2011-2 Account receivables 4,528 4,512 Related party Account 2020 2021 Investments in associates (continued): Neoplux No.3 Private Equity Fund Account receivables W 748 662 NV Station Private Equity Fund Deposits 100 41 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Unearned revenue 76 — IGIS Private Real Estate Investment Trust 286 (*) Other loans 436 — Genesis North America Power Company No.1 PEF Other loans 2,171 — Korea Digital Asset Custody Deposits — 526 SW-N Deposits — 115 Shinhan Smilegate Global PEF I Unearned revenue — 49 WaveTechnology co.Ltd Deposits — 99 SHINHAN-NEO Account receivables — 513 iPIXEL Co.,Ltd. Loans — 55 ” Deposits — 651 CJL No.1 Private Equity Fund Deposits — 779 Nova New Technology Investment Fund No.1 Deposits — 357 Key management personnel and their immediate relatives: Loans 5,144 6,149 Assets 98,852 70,850 Liabilities W 44,404 159,432 (*) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2021. |
Summary of transactions with the related parties | (b) Transactions with the related parties for the years ended December 31, 2019, 2020 and 2021 are as follows: Related party Account 2019 2020 2021 Investments in associates BNP Paribas Cardif Life Insurance Fees and commission income W 4,230 3,390 3,023 “ Reversal of credit losses 3 — — “ Interest expense (1 ) (5 ) (13 ) “ General and administrative expenses (9 ) (4 ) (2 ) Shinhan Praxis K-Growth Fees and commission income 448 361 323 Related party Account 2019 2020 2021 Investments in associates (continued): BNP Paribas Cardif General Insurance Fees and commission income W 11 10 10 “ Reversal for credit loss — — 6 “ Other operating income 468 333 — “ Interest expense — — (1 ) Midas Dong-A Fees and commission income 119 — — “ Interest expense (1 ) — — IBKS-Shinhan Creative Economy New Technology Fund 2 (*1) Fees and commission income 8 — — SM New Technology Business Investment Fund I (*3) Fees and commission income 14 — 187 Partners 4th Growth Investment Fund Interest expense (7 ) (4 ) (11 ) Shinhan-Albatross Technology Investment Fund Fees and commission income 216 54 129 SH Private Korea Equity Long-Short Professional Feeder (*1) Fees and commission income 363 — — KDBC Midas Dong-A Interest expense — (2 ) — Shinhan Fintech New Technology Fund No.1 (*1) Fees and commission income 38 — — Shinhan Global Healthcare Fund 1 Fees and commission income 360 — — Shinhan capital-Cape FN Fund No.1 (*1) Fees and commission income 101 — — SHC-K2 Fees and commission income 19 19 — Synergy-Shinhan Mezzanine New Technology Investment Fund (*2) Fees and commission income 94 50 — Shinhan-Midas Dong-A Fees and commission income 187 63 115 GX Shinhan interest 1st Private Equity Fund (*2) Fees and commission income 545 454 — Shinhan-Nvestor Liquidity Solution Fund Fees and commission income 361 361 271 SHC ULMUS Fund No.1 (*2) Fees and commission income 76 39 — Shinhan-PS Fees and commission income 20 20 20 Nomura investment property trust No.19 Interest income 519 525 530 “ Other operating income 7 3 — Related party Account 2019 2020 2021 Investments in associates (continued): SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Fees and commission income W 2,694 2,501 974 Shinhan-Stonebridge Petro Private Equity Fund (*2) Fees and commission income 1,762 — — KOREA FINANCE SECURITY Fees and commission income 10 10 8 “ Interest expense — (1 ) (1 ) ShinHan – Soo Young Entrepreneur Investment Fund Fees and commission income 275 206 1,028 Shinhan-Rhinos 1 Fund Fees and commission income 64 64 47 SHINHAN-CORE TREND GLOBAL FUND1 Fees and commission income 45 100 106 Kiwoom-Shinhan Innovation Fund I Fees and commission income 67 240 240 One Shinhan Global Fund1 Fees and commission income 151 399 208 Open-Shinhan Portfolio Investment Association No. 1 Fees and commission income 59 59 59 FuturePlay-Shinhan TechInnovation Fund 1 Fees and commission income 7 218 241 WON JIN HOME PLAN CO.,LTD (*3) Interest income 186 — — Korea Credit Bureau Fees and commission income 13 13 14 “ Interest expense (5 ) (12 ) (9 ) Goduck Gangil1 PFV Co., Ltd Interest income 328 915 754 “ Fees and commission income 1,120 — — “ Reversal (provision) for credit loss (78 ) 7 20 SBC PFV Co., Ltd Fees and commission income — 732 776 “ Interest expense (3 ) (5 ) (14 ) IMM Global Private Equity Fund Interest income 28 25 23 “ Interest expense (25 ) (13 ) (49 ) “ Provision for credit loss (3 ) — (1 ) Goduck Gangil10 PFV Co., Ltd Interest income — 299 283 “ Fees and commission income — 793 — “ Interest expense — (4 ) (78 ) “ Provision for credit loss — (19 ) (4 ) IGIS PRIVATE REAL ESTATE TRUST NO.331 (*3) Interest income — 731 — “ Other operating expense — (67 ) — “ Fees and commission income — 478 — COSPEC BIM tech (*3) Interest income — — 41 “ Reversal ( — (95 ) 95 Related party Account 2019 2020 2021 Investments in associates (continued): Korea Omega Project Fund I Fees and commission income W — 131 180 New Green Shinhan Mezzanine Fund (*3) Fees and commission income — 42 334 Sparklabs-Shinhan Opportunity Fund 1 Fees and commission income — 174 202 EDNCENTRAL Co.,Ltd. Interest income — 649 1,140 “ Fees and commission income — 578 714 “ Other operating expense — (121 ) — Shinhan Western T&D Consignment Management Real Estate Investment Co., Ltd (*2) Fees and commission income — 300 — Kakao-Shinhan 1st TNYT Fund Fees and commission income — 165 386 KoFC-Neoplux R&D-Biz 2013-1 Interest income — 9 1 “ Fees and commission income — 44 5,474 Future-Creation Neoplux Venture Capital Fund Interest income — 14 31 “ Fees and commission income — 116 308 Neoplux Market-Frontier Secondary Fund Fees and commission income — 416 954 Gyeonggi-Neoplux Superman Fund Fees and commission income — 149 621 Shinhan-Neoplux Energy Newbiz Fund Fees and commission income — 308 1,002 NewWave 6th Fund Fees and commission income — 303 1,210 SHINHAN-NEO Fees and commission income — 3 498 KTC-NP 2011-2 Interest income — 5 26 “ Fees and commission income — 86 — Neoplux No.3 Private Equity Fund Fees and commission income — 748 2,433 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Fees and commission income — 1,412 83 CREDIAN T&F 2020 CORPORATE FINANCIAL STABILITY PRIVATE EQUITY FUND (*2) Interest expense — (1 ) — Shinhan Smilegate Global PEF I Fees and commission income — — 189 Related party Account 2019 2020 2021 Investments in associates (continued): SHINHAN-NEO Fees and commission income W — — 2,026 Korea Digital Asset Custody Interest expense — — (2 ) SWK-Shinhan Fees and commission income — — 41 Ulmus SHC innovation investment fund Fees and commission income — — 63 iPIXEL Co.,Ltd. Interest income — — 2 CJL No.1 Private Equity Fund Interest expense — — (2 ) Reverent-Shinhan Vista Fund Fees and commission income — — 90 Hermes Private Investment Equity Fund Interest expense — — (1 ) Kiwoom-Shinhan Innovation Fund 2 Fees and commission income — — 115 ETRI Holdings-Shinhan 1st Unicorn Fund Fees and commission income — — 32 Shinhan-Time mezzanine blind Fund Fees and commission income — — 300 Shinhan VC tomorrow venture fund 1 Fees and commission income — — 419 JS Shinhan Private Equity Fund Fees and commission income — — 250 Key management personnel and their immediate relatives Interest income 161 126 122 W 15,045 18,897 28,589 (*1) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2019. (*2) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2020. (*3) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2021. |
Summary of key management personnel compensation | (c) Key management personnel compensation Key management personnel compensation for the years ended December 31, 2019, 2020 and 2021 are as follows: 2019 2020 2021 Short-term employee benefits W 21,237 23,468 23,972 Severance benefits 731 651 686 Share-based payment transactions (*) 12,343 2,628 13,886 W 34,311 26,747 38,544 (*) The expenses of share-based payment transactions are the renumeration expenses during the vesting period. |
Summary of the guarantees provided between the related parties | (d) The guarantees provided between the related parties as of December 31, 2020 and 2021 are as follows: Amount of guarantees Guarantor Guaranteed Parties 2020 2021 Account Shinhan Bank BNP Paribas Cardif Life Insurance W 10,000 10,000 Unused loan limit Shinhan Card BNP Paribas Cardif Life Insurance 919 913 Unused credit line “ BNP Paribas Cardif General Insurance 229 226 Unused credit line The Group Structured entities 135,459 207,078 Purchase agreement W 218,217 |
Summary of details of collaterals provided by the related parties | (e) Details of collaterals provided by the related parties as of December 31, 2020 and 2021 are as follows: Amount of assets pledged Provided to Provided by Pledged assets 2020 2021 Shinhan Bank BNP Paribas Cardif Life Insurance Government bonds W 12,000 12,000 Hyungje art printing Properties 120 — Goduck Gangil1 PFV Co., Ltd Guarantee insurance policy 28,800 — Goduck Gangil10 PFV Co., Ltd Guarantee insurance policy 13,000 — iPIXEL Co.,Ltd. Electronic credit guarantee — 190 W 53,920 12,190 |
Summary of significant loan transactions with related parties | (f) Details of significant loan transactions with related parties as of December 31, 2020 and 2021 are as follows: 2020 Classification Company Beginning Loan Recover Others (*1) Ending Investments in associates Nomura investment property trust No.19 W 11,973 — — — 11,973 IGIS PRIVATE REAL ESTATE TRUST NO.331 — 10,000 — (312 ) 9,688 EDNCENTRAL Co.,Ltd. — 20,000 — (619 ) 19,381 Goduck Gangil1 PFV Co., Ltd 24,000 — — — 24,000 Goduck Gangil10 PFV Co., Ltd — 28,200 (18,800 ) — 9,400 IMM Global Private Equity Fund 800 — — — 800 COSPEC BIM tech (*2) — — — 151 151 Total W 36,773 58,200 (18,800 ) (780 ) 75,393 (*1) The effect on changes in allowance for credit loss is included. (*2) For the year ended December 31, 2020, it is incorporated as a related party, and has marked the balance as of December 31, 2020. 2021 Classification Company Beginning Loan Recover Others (*) Ending Investments in associates Nomura investment property trust No.19 W 11,973 — — (93 ) 11,880 IGIS PRIVATE REAL ESTATE TRUST NO.331 9,688 — (9,769 ) 81 — EDNCENTRAL Co.,Ltd. 19,381 — — 358 19,739 Goduck Gangil1 PFV Co., Ltd. 24,000 — (12,000 ) — 12,000 Goduck Gangil10 PFV Co., Ltd. 9,400 600 (2,400 ) — 7,600 IMM Global Private Equity Fund 800 — — — 800 COSPEC BIM tech 151 — — (151 ) — iPIXEL Co.,Ltd. — 71 — (16 ) 55 Total W 75,393 (24,169 ) 179 52,074 (*) The effect on changes in allowance for credit loss is included. |
Interests in unconsolidated s_2
Interests in unconsolidated structured entities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of unconsolidated structured entities [abstract] | |
Summary of the size of unconsolidated structured entities | The size of unconsolidated structured entities as of December 31, 2020 and 2021 are as follows: 2020 2021 Total assets: Asset-backed securitization W 253,958,036 248,200,446 Structured financing 257,475,395 255,854,384 Investment fund 203,863,889 301,241,508 W 715,297,320 805,296,338 |
Summary of the carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities | i) The carrying values of the assets and liabilities relating to its interests in unconsolidated structured entities as of December 31, 2020 and 2021 are as follows: 2020 Assets-backed securitization Structured financing Investment fund Total Assets under consolidated financial statements: Loans measured at fair value through profit or loss W 10,007 396,006 — 406,013 Loan at amortized cost 882,708 11,631,322 80,166 12,594,196 Securities at fair value through profit or loss 4,703,527 200,966 9,403,611 14,308,104 Derivate assets 10,353 1,050 — 11,403 Securities at fair value through other comprehensive income 2,105,239 122,664 — 2,227,903 Securities at amortized cost 6,294,228 — — 6,294,228 Other assets 2,019 59,980 4,936 66,935 W 14,008,081 12,411,988 9,488,713 35,908,782 Liabilities under consolidated financial statements: Derivate liabilities W 582 — — 582 Other liabilities 2,610 21,421 — 24,031 W 3,192 21,421 — 24,613 2021 Assets-backed securitization Structured financing Investment fund Total Assets under consolidated financial statements: Loans measured at fair value through profit or loss W 16,352 156,630 42,231 215,213 Loan at amortized cost 731,184 13,548,490 155,572 14,435,246 Securities at fair value through profit or loss 3,752,394 235,238 14,014,493 18,002,125 Derivate assets 4,343 16,560 — 20,903 Securities at fair value through other comprehensive income 2,510,057 215,237 — 2,725,294 Securities at amortized cost 6,493,106 — — 6,493,106 Other assets 138 17,280 177 17,595 W 13,507,574 14,189,435 14,212,473 41,909,482 Liabilities under consolidated financial statements: Derivate liabilities W 3,817 48 — 3,865 Other liabilities 103 21,683 — 21,786 W 3,920 21,731 — 25,651 |
Summary of exposure to risk relating to its interests in unconsolidated structured entities | ii) The maximum risk exposure of the Group relating to its interests in unconsolidated structured entities as of December 31, 2020 and 2021 are as follows: 2020 Assets-backed securitization Structured financing Investment fund Total Assets held W 14,008,081 12,411,988 9,488,713 35,908,782 ABS and ABCP purchase agreements 932,113 2,300 1,923,035 2,857,448 Loan commitments 618,030 707,860 — 1,325,890 Guarantees 87,293 — — 87,293 Others — 123,210 5,887 129,097 W 15,645,517 13,245,358 11,417,635 40,308,510 2021 Assets-backed securitization Structured financing Investment fund Total Assets held W 13,507,574 14,189,435 14,212,473 41,909,482 ABS and ABCP purchase agreements 895,273 2,210 2,703,353 3,600,836 Loan commitments 439,843 984,082 6,900 1,430,825 Guarantees 21,200 105,550 — 126,750 Others — 150,579 — 150,579 W 14,863,890 15,431,856 16,922,726 47,218,472 |
Business combination (Tables)
Business combination (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Statement [Line Items] | |
Summary of fair value of assets acquired and liabilities assumed as of acquisition | Fair values of assets acquired and liabilities assumed as of acquisition date are as follows: Amount (*1) Assets: Cash and due from banks at amortized cost W 179 Investment assets in the long-term 463 Venture capital investment assets 38,800 Private equity investment company investment assets 12,230 Property and equipment 835 Intangible assets (*2) 1,254 Other assets (*3) 18,911 72,672 Liabilities: Borrowings 9,000 Other liabilities 4,804 13,804 Fair value of the identifiable net assets W 58,868 (*1) The accounting for the acquisition of Shinhan Venture Investment Co., Ltd. was determined using the identifiable assets and liabilities recognized by Shinhan Venture Investment Co., Ltd. at the time of business combination. (*2) The contract balance recognized as a business combination includes W Multi-period (*3) During the business combination, the Group acquired receivables that were fair value of W W |
Summary of goodwill recognized as a result of business combination | Goodwill recognized as a result of business combination is as follows: Amount Consideration paid in cash W 71,128 Fair value of identifiable net assets (58,868 ) Non-controlling 1,718 Goodwill W 13,978 (*) For the year ended December 31, 2020, the non-controlling non-controlling goodwill is generated because the transfer price includes the premium of corporate control paid to acquire Shinhan Venture Investment Co., Ltd. The transfer price for the business combination includes expected synergies, future market growth, and the amount related to human resources. These benefits are not recognized separately from goodwill because it does not meet the recognition requirements for identifiable intangible assets. |
GF And IMGA Business Department Of Leaders Financial Sales Co Ltd [Member] | |
Statement [Line Items] | |
Summary of fair value of assets acquired and liabilities assumed as of acquisition | The acquired assets and liabilities were recognized as fair value at the time of acquisition, and the difference between the fair value and the amount paid in consideration for the transfer was recognized as goodwill. Amount Consideration paid in cash Cash W 8,183 Contingent consideration arrangement 2,600 10,783 Fair value of assets and liabilities Cash and cash equivalents 200 Trade payable and other payable (200 ) Accounts payable (3,068 ) Fair value of identifiable net assets (3,068 ) Goodwill W 13,851 |
Uncertainty due to changes in_2
Uncertainty due to changes in domestic and global economic conditions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Uncertainty due to changes in domestic and global economic conditions [Abstract] | |
Uncertainty due to changes in domestic and global economic conditions | (a) Shinhan Bank 2020 Airlift Lodging Oil/ Art-related Movie Clothing Travel Total Loans at amortized cost W 120,854 3,445,269 685,336 244,036 95,240 1,763,741 112,647 6,467,123 Securities at fair value through profit or loss — — 3,088 — — 3,060 — 6,148 Securities at fair value through other comprehensive income 52,878 2,611 224,894 — 6,539 9,797 — 296,719 Off-balance 404,767 289,948 3,058,516 9,630 111,266 938,705 60,171 4,873,003 W 578,499 3,737,828 3,971,834 253,666 213,045 2,715,303 172,818 11,642,993 2021 Airlift Lodging Oil/ Art-related Movie Clothing Travel Total Loans at amortized cost W 164,904 3,314,684 937,385 219,859 86,241 2,082,545 92,152 6,897,770 Securities at fair value through profit or loss — — 29,911 — — — 2,737 32,648 Securities at fair value through other comprehensive income 114,158 18,142 264,343 — 7,123 10,678 — 414,444 Off-balance 364,351 323,638 2,650,311 20,196 91,622 982,026 37,941 4,470,085 W 643,413 3,656,464 3,881,950 240,055 184,986 3,075,249 132,830 11,814,947 (b) Shinhan Card Co., Ltd. 2020 Retails Credit sales Short term card loan Long term card loan Total Loans at amortized cost W 357,589 142,252 283,150 782,991 Total Exposure 702,124 — 702,124 2021 Retails Credit sales Short term card loan Long term card loan Total Loans at amortized cost W 371,197 152,838 387,318 911,353 Total Exposure 814,598 — 814,598 (c) Jeju Bank 2020 Lodging Manufacturing Retail Construction industry Leisure Transportation business Etc Total Loans at amortized cost W 599,875 30,095 517,843 85,640 57,677 29,679 92,373 1,413,182 Off-balance 20,658 563 18,691 7,100 1,053 2,103 3,082 53,250 W 620,533 30,658 536,534 92,740 58,730 31,782 95,455 1,466,432 2021 Airlift Lodging Art-related Movie Leisure Bus Bath Youth Total Loans at amortized cost W — 295,664 4,161 596 25,432 7,535 17,089 5,466 355,943 Off-balance 4 5,439 161 4 991 197 538 6 7,340 W 4 301,103 4,322 600 26,423 7,732 17,627 5,472 363,283 (a) Shinhan Bank 2020 2021 Moratorium of interest payments W 242,794 224,449 Moratorium of repayment in installments 1,067,502 1,342,366 Moratorium of interest payments and moratorium of repayment in installments 80,581 65,773 W 1,390,877 1,632,588 (b) Jeju Bank 2020 2021 Moratorium of interest payments W 629 348 Moratorium of repayment in installments 328,055 276,193 W 328,684 276,541 |
Transition effects arising fr_2
Transition effects arising from changes in accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Transition effects arising from changes in accounting policies [Abstract] | |
Difference between the amount of operating lease agreements | Upon adoption of IFRS 16 ‘Leases’, the Group recognized lease liabilities in relation to leases that had previously been classified as operating leases in accordance with IAS 17. These liabilities were measured at the present value of the future lease payments at the lessee’s incremental borrowing rate on January 1, 2019. The lessee’s incremental borrowing rates applied to the lease liabilities are between 2.06% and 8.96% on January 1, 2019. The difference between the amount of operating lease agreements disclosed as of December 31, 2018 discounted at the Group’s incremental borrowing rate and the lease liabilities recognized at the date of initial application is as follows: Amount Operating lease agreement commitment disclosed as of December 31, 2018 W 610,080 Amount discounted using the Group’s incremental borrowing rate 591,725 Less: Low-value (3,454 ) Value-added Tax (51,429 ) Lease liabilities recognized at the beginning of 2019 W 536,842 Right-of-use W W W W |
Condensed Shinhan Financial G_2
Condensed Shinhan Financial Group (Parent Company only) Financial Statements (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Condensed Financial Information Disclosure [Abstract] | |
STATEMENTS OF FINANCIAL POSITION | STATEMENTS OF FINANCIAL POSITION 2020 2021 Assets Deposits Banking subsidiaries W 3 3,913 Other — 41,000 Receivables from subsidiaries: Non-banking 3,218,455 3,976,059 Investment (at equity) in subsidiaries: Banking subsidiaries 13,797,222 13,797,222 Non-banking 16,157,962 16,537,819 Financial assets at FVTPL 1,810,867 1,617,734 Derivative assets 39,392 17,933 Property, equipment and intangible assets, net 10,360 10,597 Other assets Banking subsidiaries 260,342 326,216 Non-banking 173,473 468,150 Other 15,838 19,250 Total assets W 35,483,914 36,815,893 Liabilities and equity Debt securities issued W 9,920,059 9,559,553 Derivative liabilities 22,133 6,263 Accrued expenses & other liabilities 484,625 844,701 Total liabilities 10,426,817 10,410,517 Equity 25,057,097 26,405,376 Total liabilities and equity W 35,483,914 36,815,893 |
CONDENSED STATEMENTS OF INCOME | CONDENSED STATEMENTS OF INCOME 2019 2020 2021 Income Dividends from banking subsidiaries W 892,310 892,420 772,420 Dividends from non-banking 428,634 495,110 807,803 Interest income from banking subsidiaries 263 194 173 Interest income from non-banking 38,968 68,914 75,013 Other income 125,324 268,784 235,746 Total income 1,485,499 1,725,422 1,891,155 Expenses Interest expense (206,815 ) (231,205 ) (210,535 ) Other expense (147,589 ) (216,708 ) (259,188 ) Total expenses (354,404 ) (447,913 ) (469,723 ) Profit before income tax expense 1,131,095 1,277,509 1,421,432 Income tax expense 1,922 3,066 7,476 Profit for the year W 1,129,173 1,274,443 1,413,956 |
CONDENSED STATEMENTS OF CASH FLOWS | CONDENSED STATEMENTS OF CASH FLOWS 2019 2020 2021 Cash flows from operating activities Profit before income taxes W 1,131,095 1,277,509 1,421,432 Non-cash (1,164,022 ) (1,313,967 ) (1,456,374 ) Changes in operating assets and liabilities 1,475,702 (1,272,738 ) 605,089 Net interest paid (154,765 ) (165,570 ) (134,269 ) Dividend received from subsidiaries 1,320,944 1,386,843 1,578,920 Income tax paid (194 ) — (1,102 ) Net cash provided by (used in) operating activities 2,608,760 (87,923 ) 2,013,696 Cash flows from investing activities Net loan origination to non-banking (575,936 ) (1,073,657 ) (649,384 ) Acquisition of subsidiary (2,977,196 ) (73,335 ) (379,857 ) Other, net (660 ) (100,875 ) (452,672 ) Net cash used in investing activities (3,553,792 ) (1,247,867 ) (1,481,913 ) Cash flows from financing activities Issuance of common stocks — 1,154,347 — Issuance of convertible preferred shares 747,791 — — Issuance of hybrid bonds 199,476 448,699 1,154,597 Net changes in borrowings (125,000 ) — — Issuance of debt securities issued 3,194,764 2,240,581 1,428,704 Repayments of debt securities issued (1,844,000 ) (1,384,000 ) (1,890,000 ) Dividend paid (830,772 ) (968,847 ) (1,218,761 ) Acquisition of treasury stock (444,077 ) (150,448 ) (79 ) Disposition of and incineration cost of treasury stock — (3,033 ) — Payment of stock issuance costs — — (605 ) Redemption of lease liabilities (1,614 ) (1,673 ) (1,701 ) Net cash provided by (used in) financing activities 896,568 1,335,626 (527,845 ) Effect of exchange rate changes on cash and cash equivalents held — — 23 Net increase (decrease) in cash and cash equivalents (48,464 ) (164 ) 3,961 Cash and cash equivalents at beginning of year 48,628 164 — Cash and cash equivalents at end of year W 164 — 3,961 |
Reporting entity - Ownership of
Reporting entity - Ownership of Shinhan Financial Group and its material consolidated subsidiaries (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Shinhan Bank Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Card Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Investment Corp. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Life Insurance Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Orange Life Insurance Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 0.00% | 100.00% |
Shinhan Capital Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Jeju Bank | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 75.30% | 75.30% |
Shinhan Credit Information Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Alternative Investment Management Inc. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Asset Management Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 65.00% |
SHC Management Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Data System | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Savings Bank | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Asia Trust Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 60.00% | 60.00% |
Shinhan AITAS Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 99.80% | 99.80% |
Shinhan REITs Management Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan AI Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Venture Investment Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Bank America | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | USA | USA |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Bank Europe GmbH | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Germany | Germany |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Bank Cambodia | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Cambodia | Cambodia |
Proportion of ownership interest in subsidiary | 97.50% | 97.50% |
Shinhan Bank Kazakhstan Limited | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Kazakhstan | Kazakhstan |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Bank Canada | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Canada | Canada |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Bank (China) Limited | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | China | China |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Bank Japan | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Japan | Japan |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Bank Vietnam Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Vietnam | Vietnam |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Banco Shinhan de Mexico | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Mexico | Mexico |
Proportion of ownership interest in subsidiary | 99.90% | 99.90% |
PT Bank Shinhan Indonesia | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Indonesia | Indonesia |
Proportion of ownership interest in subsidiary | 99.00% | 99.00% |
SBJDNX | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Japan | Japan |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
LLP MFO Shinhan Finance | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Kazakhstan | Kazakhstan |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
PT. Shinhan Indo Finance | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Indonesia | Indonesia |
Proportion of ownership interest in subsidiary | 50% plus 1 share | 50% plus 1 share |
Shinhan Microfinance Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Myanmar | Myanmar |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Vietnam Finance Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Vietnam | Vietnam |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Investment Corp. USA Inc. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | USA | USA |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan Investment Asia Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Hong Kong | Hong Kong |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
SHINHAN Securities Vietnam Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Vietnam | Vietnam |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
PT. Shinhan Sekuritas Indonesia | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Indonesia | Indonesia |
Proportion of ownership interest in subsidiary | 99.00% | 99.00% |
PT Shinhan Asset Management Indonesia | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Indonesia | Indonesia |
Proportion of ownership interest in subsidiary | 75.00% | 75.00% |
Shinhan Financial Plus | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Shinhan CubeOn Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Korea | Korea |
Proportion of ownership interest in subsidiary | 100.00% | 0.00% |
Shinhan Life Insurance Vietnam Co., Ltd. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Vietnam | Vietnam |
Proportion of ownership interest in subsidiary | 100.00% | 0.00% |
SHINHAN ASSET MGT HK, LIMITED | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Hong Kong | Hong Kong |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
SHINHAN DS VIETNAM CO.,LTD. | ||
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items] | ||
Country of incorporation of subsidiary | Vietnam | Vietnam |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% |
Reporting entity (Details)
Reporting entity (Details) ₩ in Millions | Dec. 31, 2021KRW (₩) |
ABCP Purchase Agreements [Member] | |
Disclosure Of Reporting Entity [Line Items] | |
Credit contribution | ₩ 7,457,666 |
Top of range [member] | |
Disclosure Of Reporting Entity [Line Items] | |
Total capital stock | ₩ 1,461,721 |
Basis of preparation (Details)
Basis of preparation (Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2021KRW (₩) | |
Disclosure of basis of preparation [Abstract] | |
Expenses arising from change in lease payments | ₩ 47,589 |
Basis of preparation - Non deri
Basis of preparation - Non derivative financial assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | ₩ 324,782,979 | ₩ 290,049,318 | |
Designated as hedging instrument [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | 13,702,497 | 13,454,670 | |
Equity Contract [Member] | Not designated as hedging instrument, Trading [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | 7,728,562 | 9,053,355 | |
USD LIBOR | Not designated as hedging instrument, Trading [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 22,321,945 | |
USD LIBOR | Designated as hedging instrument [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 4,428,860 | |
USD LIBOR | Equity and foreign exchange related [Member] | Not designated as hedging instrument, Trading [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 10,900,844 | |
USD LIBOR | Equity and foreign exchange related [Member] | Designated as hedging instrument [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 278,705 | |
USD LIBOR | Equity Contract [Member] | Not designated as hedging instrument, Trading [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 268,243 | |
USD LIBOR | Credit Risk Contract [Member] | Not designated as hedging instrument, Trading [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 1,108 | |
USD LIBOR | Other Contract [Member] | Not designated as hedging instrument, Trading [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 379,360 | |
USD LIBOR | Interest Rates Related [Member] | Not designated as hedging instrument, Trading [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 10,772,390 | |
USD LIBOR | Interest Rates Related [Member] | Designated as hedging instrument [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [1] | 4,150,155 | |
USD LIBOR | Financial liabilities at amortised cost, category [member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 1,534,291 | |
Due from banks and loans at amortized cost [Member] | Loans [Member] | USD LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-current derivative financial assets | 2,768,972 | ||
Due from banks and loans at amortized cost [Member] | Loans [Member] | JPY LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-current derivative financial assets | 207,660 | ||
Due from banks and loans at amortized cost [Member] | Loans [Member] | EUR LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-current derivative financial assets | 49,642 | ||
Due from banks and loans at amortized cost [Member] | Loans [Member] | Other LIBORs | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-current derivative financial assets | 122,104 | ||
Financial assets at fair value through other comprehensive income, category [member] | USD LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-current derivative financial assets | 449,116 | ||
Financial assets at fair value through other comprehensive income, category [member] | Financial Institutions Bonds [Member] | USD LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-current derivative financial assets | 167,167 | ||
Financial assets at fair value through other comprehensive income, category [member] | Corporate Bonds And Others [Member] | USD LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-current derivative financial assets | 281,949 | ||
Commitments And Guarantee Contracts [Member] | USD LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [2],[3] | 280,224 | |
Commitments And Guarantee Contracts [Member] | JPY LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [2] | 39,148 | |
Commitments And Guarantee Contracts [Member] | EUR LIBOR | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [2] | 56,552 | |
Commitments And Guarantee Contracts [Member] | Other LIBORs | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Notional amount | [2] | 13,853 | |
Deposits [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 368,344,904 | 329,350,009 | |
Deposits [Member] | USD LIBOR | Financial liabilities at amortised cost, category [member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 200,000 | |
Borrowings [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 43,721,261 | 41,922,410 | |
Borrowings [Member] | USD LIBOR | Financial liabilities at amortised cost, category [member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | [1] | 347,420 | |
Debt securities issued [Member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | 83,796,056 | ₩ 78,797,906 | |
Debt securities issued [Member] | USD LIBOR | Financial liabilities at amortised cost, category [member] | |||
Disclosure of Financial Instruments That Have Not Been Converted To Replaced Interest Rate Benchmark Among The LIBOR Interest Rates [Line Items] | |||
Non-derivative financial liabilities, undiscounted cash flows | [1] | ₩ 986,871 | |
[1] | The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. | ||
[2] | The commitments and guarantee contracts are in nominal amount. | ||
[3] | The instruments that will be matured before the end of June 30, 2023 are excluded when USD LIBOR interest rate calculation is discontinued. |
Significant accounting polici_4
Significant accounting policies - Summary of other property and equipment are depreciated on a straight-line basis (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Buildings [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 40 years |
Buildings [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 50 years |
Other property, plant and equipment [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 4 years |
Other property, plant and equipment [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 5 years |
Significant accounting polici_5
Significant accounting policies - Summary of amortization of intangible assets (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Computer software [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 5 years |
Capitalised development expenditure [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 5 years |
Other intangible assets [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 5 years |
Description of useful life, intangible assets other than goodwill | contract periods |
Significant accounting polici_6
Significant accounting policies - Summary of depreciation method and the estimated useful lives (Details) - Buildings [member] | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of intangible assets with indefinite useful life [line items] | |
Depreciation method | Straight-line |
Useful lives | 40 years |
Significant accounting polici_7
Significant accounting policies (Details) ₩ in Millions | Dec. 31, 2021KRW (₩) |
Disclosure of significant accounting policies [Abstract] | |
Insurance contract liability | ₩ 61,183,934 |
Financial risk management - Ref
Financial risk management - Reflection of forward-looking information correlation (Details) - USD ($) $ in Billions | Dec. 31, 2021 | Dec. 31, 2020 | |||
Upside scenario | 2020.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [1],[2] | (2.80%) | |||
Private consumption index(YoY %) | [1],[2] | (4.80%) | |||
Facility investment growth rate(YoY %) | [1],[2] | 3.50% | |||
Consumer price index growth rate(%) | [1],[2] | 0.30% | |||
Balance on current account (billion dollars) | [1],[2] | $ 170 | |||
Government bond 3y yields(%) | [1],[2] | 0.90% | |||
Upside scenario | 2021.1Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | 0.00% | |||
Private consumption index(YoY %) | [2] | 3.00% | |||
Facility investment growth rate(YoY %) | [2] | 5.50% | |||
Consumer price index growth rate(%) | [2] | 0.60% | |||
Balance on current account (billion dollars) | [2] | $ 130 | |||
Government bond 3y yields(%) | [2] | 1.00% | |||
Upside scenario | 2021.2Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | 3.90% | |||
Private consumption index(YoY %) | [2] | 2.30% | |||
Facility investment growth rate(YoY %) | [2] | 6.50% | |||
Consumer price index growth rate(%) | [2] | 0.90% | |||
Balance on current account (billion dollars) | [2] | $ 160 | |||
Government bond 3y yields(%) | [2] | 1.00% | |||
Upside scenario | 2021.3Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | 3.00% | |||
Private consumption index(YoY %) | [2] | 3.50% | |||
Facility investment growth rate(YoY %) | [2] | 1.50% | |||
Consumer price index growth rate(%) | [2] | 0.80% | |||
Balance on current account (billion dollars) | [2] | $ 190 | |||
Government bond 3y yields(%) | [2] | 1.10% | |||
Upside scenario | 2021.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | 4.10% | [1],[3] | 4.30% | [2] | |
Private consumption index(YoY %) | 6.30% | [1],[3] | 4.10% | [2] | |
Facility investment growth rate(YoY %) | 4.10% | [1],[3] | 5.00% | [2] | |
Consumer price index growth rate(%) | 3.60% | [1],[3] | 0.90% | [2] | |
Balance on current account (billion dollars) | $ 202 | [1],[3] | $ 180 | [2] | |
Government bond 3y yields(%) | 1.87% | [1],[3] | 1.10% | [2] | |
Upside scenario | 2022.1Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 3.00% | |||
Private consumption index(YoY %) | [3] | 5.10% | |||
Facility investment growth rate(YoY %) | [3] | 0.50% | |||
Consumer price index growth rate(%) | [3] | 2.60% | |||
Balance on current account (billion dollars) | [3] | $ 230 | |||
Government bond 3y yields(%) | [3] | 1.90% | |||
Upside scenario | 2022.2Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 3.10% | |||
Private consumption index(YoY %) | [3] | 2.50% | |||
Facility investment growth rate(YoY %) | [3] | 1.20% | |||
Consumer price index growth rate(%) | [3] | 2.40% | |||
Balance on current account (billion dollars) | [3] | $ 200 | |||
Government bond 3y yields(%) | [3] | 1.90% | |||
Upside scenario | 2022.3Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 3.80% | |||
Private consumption index(YoY %) | [3] | 3.70% | |||
Facility investment growth rate(YoY %) | [3] | 5.00% | |||
Consumer price index growth rate(%) | [3] | 2.00% | |||
Balance on current account (billion dollars) | [3] | $ 220 | |||
Government bond 3y yields(%) | [3] | 2.00% | |||
Upside scenario | 2022.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 3.70% | |||
Private consumption index(YoY %) | [3] | 3.80% | |||
Facility investment growth rate(YoY %) | [3] | 5.10% | |||
Consumer price index growth rate(%) | [3] | 2.00% | |||
Balance on current account (billion dollars) | [3] | $ 230 | |||
Government bond 3y yields(%) | [3] | 2.00% | |||
Central scenario | 2020.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [1],[2] | (2.80%) | |||
Private consumption index(YoY %) | [1],[2] | (4.80%) | |||
Facility investment growth rate(YoY %) | [1],[2] | 3.50% | |||
Consumer price index growth rate(%) | [1],[2] | 0.30% | |||
Balance on current account (billion dollars) | [1],[2] | $ 170 | |||
Government bond 3y yields(%) | [1],[2] | 0.90% | |||
Central scenario | 2021.1Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | (0.70%) | |||
Private consumption index(YoY %) | [2] | 2.60% | |||
Facility investment growth rate(YoY %) | [2] | 5.00% | |||
Consumer price index growth rate(%) | [2] | 0.50% | |||
Balance on current account (billion dollars) | [2] | $ 120 | |||
Government bond 3y yields(%) | [2] | 1.00% | |||
Central scenario | 2021.2Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | 3.60% | |||
Private consumption index(YoY %) | [2] | 2.10% | |||
Facility investment growth rate(YoY %) | [2] | 6.00% | |||
Consumer price index growth rate(%) | [2] | 0.90% | |||
Balance on current account (billion dollars) | [2] | $ 150 | |||
Government bond 3y yields(%) | [2] | 1.00% | |||
Central scenario | 2021.3Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | 2.50% | |||
Private consumption index(YoY %) | [2] | 3.00% | |||
Facility investment growth rate(YoY %) | [2] | 0.80% | |||
Consumer price index growth rate(%) | [2] | 0.70% | |||
Balance on current account (billion dollars) | [2] | $ 180 | |||
Government bond 3y yields(%) | [2] | 1.00% | |||
Central scenario | 2021.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | 4.10% | [1],[3] | 3.70% | [2] | |
Private consumption index(YoY %) | 6.30% | [1],[3] | 3.50% | [2] | |
Facility investment growth rate(YoY %) | 4.10% | [1],[3] | 4.50% | [2] | |
Consumer price index growth rate(%) | 3.60% | [1],[3] | 0.80% | [2] | |
Balance on current account (billion dollars) | $ 202 | [1],[3] | $ 170 | [2] | |
Government bond 3y yields(%) | 1.87% | [1],[3] | 1.00% | [2] | |
Central scenario | 2022.1Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 2.30% | |||
Private consumption index(YoY %) | [3] | 4.40% | |||
Facility investment growth rate(YoY %) | [3] | 0.20% | |||
Consumer price index growth rate(%) | [3] | 2.70% | |||
Balance on current account (billion dollars) | [3] | $ 220 | |||
Government bond 3y yields(%) | [3] | 1.80% | |||
Central scenario | 2022.2Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 2.40% | |||
Private consumption index(YoY %) | [3] | 1.80% | |||
Facility investment growth rate(YoY %) | [3] | 0.80% | |||
Consumer price index growth rate(%) | [3] | 2.50% | |||
Balance on current account (billion dollars) | [3] | $ 180 | |||
Government bond 3y yields(%) | [3] | 1.80% | |||
Central scenario | 2022.3Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 3.00% | |||
Private consumption index(YoY %) | [3] | 2.90% | |||
Facility investment growth rate(YoY %) | [3] | 4.50% | |||
Consumer price index growth rate(%) | [3] | 2.20% | |||
Balance on current account (billion dollars) | [3] | $ 200 | |||
Government bond 3y yields(%) | [3] | 1.90% | |||
Central scenario | 2022.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 3.40% | |||
Private consumption index(YoY %) | [3] | 3.50% | |||
Facility investment growth rate(YoY %) | [3] | 4.90% | |||
Consumer price index growth rate(%) | [3] | 2.00% | |||
Balance on current account (billion dollars) | [3] | $ 220 | |||
Government bond 3y yields(%) | [3] | 1.90% | |||
Downside scenario | 2020.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [1],[2] | (2.80%) | |||
Private consumption index(YoY %) | [1],[2] | (4.80%) | |||
Facility investment growth rate(YoY %) | [1],[2] | 3.50% | |||
Consumer price index growth rate(%) | [1],[2] | 0.30% | |||
Balance on current account (billion dollars) | [1],[2] | $ 170 | |||
Government bond 3y yields(%) | [1],[2] | 0.90% | |||
Downside scenario | 2021.1Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | (1.50%) | |||
Private consumption index(YoY %) | [2] | 1.90% | |||
Facility investment growth rate(YoY %) | [2] | 3.50% | |||
Consumer price index growth rate(%) | [2] | 0.40% | |||
Balance on current account (billion dollars) | [2] | $ 110 | |||
Government bond 3y yields(%) | [2] | 1.10% | |||
Downside scenario | 2021.2Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | 2.30% | |||
Private consumption index(YoY %) | [2] | 1.10% | |||
Facility investment growth rate(YoY %) | [2] | 4.50% | |||
Consumer price index growth rate(%) | [2] | 0.80% | |||
Balance on current account (billion dollars) | [2] | $ 140 | |||
Government bond 3y yields(%) | [2] | 1.10% | |||
Downside scenario | 2021.3Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [2] | 1.70% | |||
Private consumption index(YoY %) | [2] | 2.60% | |||
Facility investment growth rate(YoY %) | [2] | (1.00%) | |||
Consumer price index growth rate(%) | [2] | 0.60% | |||
Balance on current account (billion dollars) | [2] | $ 170 | |||
Government bond 3y yields(%) | [2] | 1.10% | |||
Downside scenario | 2021.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | 4.10% | [1],[3] | 3.00% | [2] | |
Private consumption index(YoY %) | 6.30% | [1],[3] | 3.40% | [2] | |
Facility investment growth rate(YoY %) | 4.10% | [1],[3] | 3.00% | [2] | |
Consumer price index growth rate(%) | 3.60% | [1],[3] | 0.70% | [2] | |
Balance on current account (billion dollars) | $ 202 | [1],[3] | $ 160 | [2] | |
Government bond 3y yields(%) | 1.87% | [1],[3] | 1.10% | [2] | |
Downside scenario | 2022.1Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 1.30% | |||
Private consumption index(YoY %) | [3] | 3.40% | |||
Facility investment growth rate(YoY %) | [3] | (0.50%) | |||
Consumer price index growth rate(%) | [3] | 3.20% | |||
Balance on current account (billion dollars) | [3] | $ 200 | |||
Government bond 3y yields(%) | [3] | 2.00% | |||
Downside scenario | 2022.2Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 1.30% | |||
Private consumption index(YoY %) | [3] | 0.70% | |||
Facility investment growth rate(YoY %) | [3] | 0.30% | |||
Consumer price index growth rate(%) | [3] | 3.00% | |||
Balance on current account (billion dollars) | [3] | $ 170 | |||
Government bond 3y yields(%) | [3] | 2.00% | |||
Downside scenario | 2022.3Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 1.80% | |||
Private consumption index(YoY %) | [3] | 1.80% | |||
Facility investment growth rate(YoY %) | [3] | 4.30% | |||
Consumer price index growth rate(%) | [3] | 3.00% | |||
Balance on current account (billion dollars) | [3] | $ 180 | |||
Government bond 3y yields(%) | [3] | 2.20% | |||
Downside scenario | 2022.4Q | |||||
Reflection of forward-looking information [Line Items] | |||||
GDP growth rate(YoY %) | [3] | 3.10% | |||
Private consumption index(YoY %) | [3] | 3.10% | |||
Facility investment growth rate(YoY %) | [3] | 4.50% | |||
Consumer price index growth rate(%) | [3] | 2.80% | |||
Balance on current account (billion dollars) | [3] | $ 200 | |||
Government bond 3y yields(%) | [3] | 2.40% | |||
[1] | Considering the default forecast period, the Group reflected the future economic outlook. | ||||
[2] | Shinhan Bank applied the private consumption index and facility investment growth rate as the major variables. In addition, Shinhan Card applied the GDP growth rate, consumer price index growth rate, facility investment growth rate, consumer price index growth rate, balance on current account, and government bond 3y yields as the major variables. In addition to the table above, the Group has selected additional forecasts for the KOSPI. | ||||
[3] | Shinhan Bank applied the GDP growth rate and private consumption index as the major variables. In addition, Shinhan Card applied the GDP growth rate, facility investment growth rate, consumer price index growth rate, and balance on current account as the major variables. In addition to the table above, the Group has selected additional forecasts for the KOSPI. |
Financial risk management - Max
Financial risk management - Maximum exposure to credit risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | ₩ 813,425,881 | ₩ 767,398,214 | |
Due from banks and loans at amortized cost | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1],[2] | 413,369,169 | 387,826,781 |
Due from banks and loans at amortized cost | Retail | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1],[2] | 186,358,002 | 170,314,316 |
Due from banks and loans at amortized cost | Government/Public agency/Central bank | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1],[2] | 15,251,465 | 24,778,332 |
Due from banks and loans at amortized cost | Corporations | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1],[2] | 172,527,573 | 152,895,324 |
Deposits and loans at FVTPL | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1] | 1,717,606 | 2,079,913 |
Deposits and loans at FVTPL | Corporations | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1] | 1,683,344 | 1,986,804 |
Securities at FVTPL | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | 58,310,838 | 55,275,031 | |
Securities at fair value through other comprehensive income | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | 63,806,919 | 57,409,433 | |
Securities at amortized cost | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [2] | 49,930,076 | 47,282,623 |
Derivative Asset | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | 3,799,189 | 5,633,915 | |
Other financial assets | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [2],[3] | 23,238,932 | 20,341,191 |
Guarantee contracts | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [4] | 5,399,286 | 4,481,506 |
Loan commitments and other | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | 193,853,866 | 187,067,821 | |
Banks | Due from banks and loans at amortized cost | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1],[2] | 14,166,508 | 17,016,263 |
Banks | Deposits and loans at FVTPL | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1] | 34,262 | 93,109 |
Card receivable | Due from banks and loans at amortized cost | |||
Maximum exposure to credit risk [Line Items] | |||
Maximum exposure to credit risk | [1],[2] | ₩ 25,065,621 | ₩ 22,822,546 |
[1] | Classified as similar credit risk group based on calculation of the BIS ratio under new Basel Capital Accord (Basel III). | ||
[2] | The maximum exposure amounts for due from banks, loans, securities at amortized cost and other financial assets at amortized cost are recorded as net of allowances. | ||
[3] | Other financial assets mainly comprise of accounts receivable, accrued income, deposits, domestic exchange settlement debit and suspense payments. | ||
[4] | These amounts represents financial guarantees, and the non-financial guarantees amount to W10,799,393 million and W11,346,421 million as of December 31, 2020 and 2021, respectively. |
Financial risk management - M_2
Financial risk management - Maximum exposure to credit risk (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | ₩ 813,425,881 | ₩ 767,398,214 |
Financial Guarantees [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 11,346,421 | 10,799,393 |
Non Financial Guarantees [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | ₩ 11,346,421 | ₩ 10,799,393 |
Financial risk management - M_3
Financial risk management - Maximum amount of exposure to credit risk by type of collateral (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | ₩ 224,067,959 | ₩ 176,227,925 |
Guarantee | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 70,460,220 | 42,485,581 |
Deposits and Savings | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 2,454,486 | 1,574,166 |
Property and equipment | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 1,997,274 | 1,638,249 |
Real estate | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 142,080,633 | 123,318,812 |
Securities | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 2,034,305 | 2,378,617 |
Others | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 5,041,041 | 4,832,500 |
12-month expected credit losses | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 200,064,664 | 155,021,256 |
12-month expected credit losses | Guarantee | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 61,890,908 | 36,355,387 |
12-month expected credit losses | Deposits and Savings | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 2,166,075 | 1,258,934 |
12-month expected credit losses | Property and equipment | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 1,560,567 | 1,301,810 |
12-month expected credit losses | Real estate | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 127,505,563 | 109,092,694 |
12-month expected credit losses | Securities | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 1,906,005 | 2,181,874 |
12-month expected credit losses | Others | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 5,035,546 | 4,830,557 |
Lifetime expected credit losses | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 23,503,624 | 20,605,128 |
Lifetime expected credit losses | Guarantee | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 8,354,723 | 5,944,417 |
Lifetime expected credit losses | Deposits and Savings | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 285,965 | 313,723 |
Lifetime expected credit losses | Property and equipment | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 416,545 | 324,098 |
Lifetime expected credit losses | Real estate | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 14,318,098 | 13,914,172 |
Lifetime expected credit losses | Securities | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 128,293 | 108,718 |
Impaired | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 499,671 | 601,541 |
Impaired | Guarantee | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 214,589 | 185,777 |
Impaired | Deposits and Savings | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 2,446 | 1,509 |
Impaired | Property and equipment | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 20,162 | 12,341 |
Impaired | Real estate | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 256,972 | 311,946 |
Impaired | Securities | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | 7 | 88,025 |
Impaired | Others | ||
Maximum amount of exposure to credit risk by type of collateral [Line Items] | ||
Maximum exposure to credit risk | ₩ 5,495 | ₩ 1,943 |
Financial risk management - Cre
Financial risk management - Credit loss allowances of financial assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | ₩ 530,307,902 | ₩ 495,600,296 |
Credit loss allowances of financial assets | (3,201,738) | (3,081,459) |
Financial assets at amortized cost, net | 527,106,164 | 492,518,837 |
Mitigation of credit risk due to collateral | 220,822,281 | 175,337,808 |
Due from banks and loans at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 416,553,960 | 390,897,754 |
Credit loss allowances of financial assets | (3,184,791) | (3,070,973) |
Financial assets at amortized cost, net | 413,369,169 | 387,826,781 |
Mitigation of credit risk due to collateral | 220,822,281 | 175,337,808 |
Due from banks and loans at amortized cost | Banks | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 14,184,805 | 17,029,781 |
Credit loss allowances of financial assets | (18,297) | (13,518) |
Financial assets at amortized cost, net | 14,166,508 | 17,016,263 |
Mitigation of credit risk due to collateral | 133,618 | 29,994 |
Due from banks and loans at amortized cost | Retail | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 186,937,727 | 170,868,849 |
Credit loss allowances of financial assets | (579,725) | (554,533) |
Financial assets at amortized cost, net | 186,358,002 | 170,314,316 |
Mitigation of credit risk due to collateral | 126,988,030 | 91,711,254 |
Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 15,259,749 | 24,782,544 |
Credit loss allowances of financial assets | (8,284) | (4,212) |
Financial assets at amortized cost, net | 15,251,465 | 24,778,332 |
Mitigation of credit risk due to collateral | 9,000 | 9,000 |
Due from banks and loans at amortized cost | Corporations | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 174,227,790 | 154,509,661 |
Credit loss allowances of financial assets | (1,700,217) | (1,614,337) |
Financial assets at amortized cost, net | 172,527,573 | 152,895,324 |
Mitigation of credit risk due to collateral | 93,682,859 | 83,580,715 |
Due from banks and loans at amortized cost | Card receivable | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 25,943,889 | 23,706,919 |
Credit loss allowances of financial assets | (878,268) | (884,373) |
Financial assets at amortized cost, net | 25,065,621 | 22,822,546 |
Mitigation of credit risk due to collateral | 8,774 | 6,845 |
Securities at fair value through other comprehensive income | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 63,806,919 | 57,409,433 |
Financial assets at amortized cost, net | 63,806,919 | 57,409,433 |
Securities at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 49,947,023 | 47,293,109 |
Credit loss allowances of financial assets | (16,947) | (10,486) |
Financial assets at amortized cost, net | 49,930,076 | 47,282,623 |
12-month expected credit losses | Grade 1 | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 419,779,996 | 396,075,906 |
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 315,298,590 | 301,681,080 |
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Banks | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 10,793,973 | 14,935,722 |
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Retail | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 169,313,467 | 152,159,976 |
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 14,531,532 | 23,849,701 |
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Corporations | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 101,866,101 | 93,740,349 |
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Card receivable | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 18,793,517 | 16,995,332 |
12-month expected credit losses | Grade 1 | Securities at fair value through other comprehensive income | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 56,176,008 | 48,506,057 |
12-month expected credit losses | Grade 1 | Securities at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 48,305,398 | 45,888,769 |
12-month expected credit losses | Grade 2 | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 66,690,144 | 58,199,579 |
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 57,606,684 | 48,158,998 |
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Banks | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 3,278,144 | 1,996,948 |
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Retail | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 7,015,361 | 8,385,069 |
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 710,527 | 834,912 |
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Corporations | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 44,060,819 | 34,637,533 |
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Card receivable | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 2,541,833 | 2,304,536 |
12-month expected credit losses | Grade 2 | Securities at fair value through other comprehensive income | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 7,478,125 | 8,636,241 |
12-month expected credit losses | Grade 2 | Securities at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 1,605,335 | 1,404,340 |
Lifetime expected credit losses | Grade 1 | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 20,603,681 | 19,391,987 |
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 20,603,681 | 19,391,987 |
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Banks | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 112,254 | 87,084 |
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Retail | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 7,900,192 | 6,062,587 |
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 17,433 | 96,183 |
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Corporations | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 10,743,965 | 11,391,410 |
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Card receivable | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 1,829,837 | 1,754,723 |
Lifetime expected credit losses | Grade 2 | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 21,370,502 | 19,921,982 |
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 21,181,426 | 19,654,847 |
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Banks | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 434 | 10,027 |
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Retail | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 2,127,173 | 3,686,863 |
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 257 | 1,748 |
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Corporations | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 16,702,928 | 13,758,332 |
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Card receivable | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 2,350,634 | 2,197,877 |
Lifetime expected credit losses | Grade 2 | Securities at fair value through other comprehensive income | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 152,786 | 267,135 |
Lifetime expected credit losses | Grade 2 | Securities at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 36,290 | |
Impaired | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 1,863,579 | 2,010,842 |
Impaired | Due from banks and loans at amortized cost | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 1,863,579 | 2,010,842 |
Impaired | Due from banks and loans at amortized cost | Retail | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 581,534 | 574,354 |
Impaired | Due from banks and loans at amortized cost | Corporations | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | 853,977 | 982,037 |
Impaired | Due from banks and loans at amortized cost | Card receivable | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Financial assets at amortized cost | ₩ 428,068 | ₩ 454,451 |
Financial risk management - C_2
Financial risk management - Credit loss allowances of financial assets (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets at fair value through other comprehensive income, category [member] | ||
Impairment information by credit risk of financial assets [Line Items] | ||
Credit loss allowance recognised | ₩ 37,486 | ₩ 23,171 |
Financial risk management - C_3
Financial risk management - Credit risk exposures per credit grade of off-balance items (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | ₩ 199,253,152 | ₩ 191,549,327 | |
Grade 1 | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 171,524,650 | 166,718,890 | |
Grade 2 | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 27,717,264 | 24,825,161 | |
Financial instruments credit-impaired | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 11,238 | 5,276 | |
Guarantee contracts | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 5,399,286 | 4,481,506 |
Guarantee contracts | 12-month expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 4,851,417 | 3,995,586 |
Guarantee contracts | Lifetime expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 547,403 | 485,762 |
Guarantee contracts | Impaired [Member] | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 466 | 158 |
Guarantee contracts | Grade 1 | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 3,811,226 | 3,193,426 |
Guarantee contracts | Grade 1 | 12-month expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 3,469,002 | 2,884,641 |
Guarantee contracts | Grade 1 | Lifetime expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 342,224 | 308,785 |
Guarantee contracts | Grade 2 | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 1,587,594 | 1,287,922 |
Guarantee contracts | Grade 2 | 12-month expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 1,382,415 | 1,110,945 |
Guarantee contracts | Grade 2 | Lifetime expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 205,179 | 176,977 |
Guarantee contracts | Financial instruments credit-impaired | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 466 | 158 |
Guarantee contracts | Financial instruments credit-impaired | Impaired [Member] | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | [1] | 466 | 158 |
Loan commitment and other credit line | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 193,853,866 | 187,067,821 | |
Loan commitment and other credit line | 12-month expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 183,677,713 | 177,502,684 | |
Loan commitment and other credit line | Lifetime expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 10,165,381 | 9,560,019 | |
Loan commitment and other credit line | Grade 1 | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 167,713,424 | 163,525,464 | |
Loan commitment and other credit line | Grade 1 | 12-month expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 160,307,100 | 156,787,448 | |
Loan commitment and other credit line | Grade 1 | Lifetime expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 7,406,324 | 6,738,016 | |
Loan commitment and other credit line | Grade 2 | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 26,129,670 | 23,537,239 | |
Loan commitment and other credit line | Grade 2 | 12-month expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 23,370,613 | 20,715,236 | |
Loan commitment and other credit line | Grade 2 | Lifetime expected credit losses | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 2,759,057 | 2,822,003 | |
Loan commitment and other credit line | Financial instruments credit-impaired | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | 10,772 | 5,118 | |
Loan commitment and other credit line | Financial instruments credit-impaired | Impaired [Member] | |||
Disclosure of internal credit grades [line items] | |||
Credit risk exposures | ₩ 10,772 | ₩ 5,118 | |
[1] | These amounts represents financial guarantees, and the non-financial guarantees amount to W 10,799,393 million and W 11,346,421 million as of December 31, 2020 and 2021, respectively. |
Financial risk management - C_4
Financial risk management - Credit risk exposures per credit grade of off-balance items (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of internal credit grades [line items] | ||
Credit risk exposures | ₩ 199,253,152 | ₩ 191,549,327 |
Financial Guarantees [Member] | ||
Disclosure of internal credit grades [line items] | ||
Credit risk exposures | 11,346,421 | 10,799,393 |
Non Financial Guarantees [Member] | ||
Disclosure of internal credit grades [line items] | ||
Credit risk exposures | ₩ 11,346,421 | ₩ 10,799,393 |
Financial risk management - C_5
Financial risk management - Credit quality of derivative assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of Credit quality of derivative assets [Line Items] | ||
Derivative assets | ₩ 3,799,189 | ₩ 5,633,915 |
Grade 1 | ||
Disclosure of Credit quality of derivative assets [Line Items] | ||
Derivative assets | 3,201,912 | 4,994,809 |
Grade 2 | ||
Disclosure of Credit quality of derivative assets [Line Items] | ||
Derivative assets | ₩ 597,277 | ₩ 639,106 |
Financial risk management - Con
Financial risk management - Concentration by geographic location for financial instrument, net of allowance (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | ₩ 587,134,608 | ₩ 549,873,781 |
Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 413,369,169 | 387,826,781 |
Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 14,166,508 | 17,016,263 |
Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 186,358,002 | 170,314,316 |
Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 15,251,465 | 24,778,332 |
Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 172,527,573 | 152,895,324 |
Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 25,065,621 | 22,822,546 |
Deposits and loans at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,717,606 | 2,079,913 |
Deposits and loans at FVTPL | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 34,262 | 93,109 |
Deposits and loans at FVTPL | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,683,344 | 1,986,804 |
Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 58,310,838 | 55,275,031 |
Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 63,806,919 | 57,409,433 |
Securities at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 49,930,076 | 47,282,623 |
Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 5,399,286 | 4,481,506 |
Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 193,853,866 | 187,067,821 |
Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 199,253,152 | 191,549,327 |
Korea | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 529,659,213 | 496,483,910 |
Korea | Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 368,353,849 | 345,865,414 |
Korea | Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 4,310,888 | 6,990,520 |
Korea | Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 175,777,754 | 161,434,788 |
Korea | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 11,807,591 | 20,998,640 |
Korea | Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 151,625,249 | 133,827,181 |
Korea | Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 24,832,367 | 22,614,285 |
Korea | Deposits and loans at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,113,229 | 1,119,166 |
Korea | Deposits and loans at FVTPL | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 61,476 | |
Korea | Deposits and loans at FVTPL | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,113,229 | 1,057,690 |
Korea | Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 53,942,627 | 51,574,884 |
Korea | Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 59,353,250 | 53,386,556 |
Korea | Securities at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 46,896,258 | 44,537,890 |
Korea | Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 4,991,349 | 3,818,973 |
Korea | Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 182,701,367 | 178,311,828 |
Korea | Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 187,692,716 | 182,130,801 |
USA | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 11,734,273 | 10,271,211 |
USA | Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 6,408,948 | 5,455,513 |
USA | Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,525,158 | 823,698 |
USA | Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 392,882 | 392,499 |
USA | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 796,405 | 952,215 |
USA | Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,684,068 | 3,278,234 |
USA | Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 10,435 | 8,867 |
USA | Deposits and loans at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 316,775 | 498,445 |
USA | Deposits and loans at FVTPL | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 34,262 | 31,633 |
USA | Deposits and loans at FVTPL | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 282,513 | 466,812 |
USA | Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,359,478 | 2,129,355 |
USA | Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,871,526 | 1,464,611 |
USA | Securities at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 777,546 | 723,287 |
USA | Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 45,650 | 65,164 |
USA | Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 686,381 | 528,596 |
USA | Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 732,031 | 593,760 |
England | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 917,150 | 908,780 |
England | Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 497,787 | 598,212 |
England | Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 235,591 | 156,002 |
England | Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 7,683 | 6,724 |
England | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 0 | 0 |
England | Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 254,051 | 435,135 |
England | Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 462 | 351 |
England | Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 255,023 | 198,567 |
England | Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 164,340 | 112,001 |
England | Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,099 | 6,198 |
England | Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 260,036 | 275,629 |
England | Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 262,135 | 281,827 |
Japan | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 11,051,779 | 10,658,232 |
Japan | Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 10,445,822 | 10,126,830 |
Japan | Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 450,689 | 784,538 |
Japan | Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 4,338,281 | 4,124,680 |
Japan | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,279,012 | 1,418,805 |
Japan | Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 4,375,807 | 3,796,824 |
Japan | Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,033 | 1,983 |
Japan | Deposits and loans at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 19,274 | 19,807 |
Japan | Deposits and loans at FVTPL | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 19,274 | 19,807 |
Japan | Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 91,766 | 46,086 |
Japan | Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 250,768 | 221,917 |
Japan | Securities at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 244,149 | 243,592 |
Japan | Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 821 | 1,344 |
Japan | Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 771,183 | 645,794 |
Japan | Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 772,004 | 647,138 |
Germany | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 917,238 | 585,081 |
Germany | Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 845,991 | 544,183 |
Germany | Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 530,688 | 316,293 |
Germany | Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,111 | 2,386 |
Germany | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 217,773 | 121,663 |
Germany | Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 94,186 | 103,647 |
Germany | Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 233 | 194 |
Germany | Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 19,048 | 4,486 |
Germany | Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 52,199 | 36,412 |
Germany | Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 4,384 | 6,041 |
Germany | Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 87,080 | 64,050 |
Germany | Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 91,464 | 70,091 |
Vietnam | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 8,570,987 | 6,535,914 |
Vietnam | Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 7,520,113 | 5,627,621 |
Vietnam | Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,676,080 | 1,166,397 |
Vietnam | Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,412,670 | 1,780,361 |
Vietnam | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 248,301 | 209,395 |
Vietnam | Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,012,133 | 2,319,327 |
Vietnam | Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 170,929 | 152,141 |
Vietnam | Deposits and loans at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 744 | |
Vietnam | Deposits and loans at FVTPL | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 744 | |
Vietnam | Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 27,613 | 24,539 |
Vietnam | Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 120,884 | 172,904 |
Vietnam | Securities at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 902,377 | 710,106 |
Vietnam | Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 95,565 | 95,793 |
Vietnam | Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,772,750 | 1,042,458 |
Vietnam | Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,868,315 | 1,138,251 |
China | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 8,899,560 | 8,827,212 |
China | Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 8,063,885 | 7,727,148 |
China | Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,677,445 | 2,889,115 |
China | Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,944,105 | 1,329,067 |
China | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 462,308 | 441,863 |
China | Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,947,746 | 3,039,177 |
China | Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 32,281 | 27,926 |
China | Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 76,107 | 168,863 |
China | Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 679,527 | 886,080 |
China | Securities at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 80,041 | 45,121 |
China | Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 246,080 | 363,042 |
China | Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,157,388 | 2,443,779 |
China | Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,403,468 | 2,806,821 |
Other country | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 15,384,408 | 15,603,441 |
Other country | Due from banks and loans at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 11,232,774 | 11,881,860 |
Other country | Due from banks and loans at amortized cost | Banks | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,759,969 | 3,889,700 |
Other country | Due from banks and loans at amortized cost | Retail | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,481,516 | 1,243,811 |
Other country | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 440,075 | 635,751 |
Other country | Due from banks and loans at amortized cost | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 6,534,333 | 6,095,799 |
Other country | Due from banks and loans at amortized cost | Credit card | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 16,881 | 16,799 |
Other country | Deposits and loans at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 268,328 | 441,751 |
Other country | Deposits and loans at FVTPL | Corporations | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 268,328 | 441,751 |
Other country | Securities at FVTPL | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,539,176 | 1,128,251 |
Other country | Securities at fair value through other comprehensive income | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,314,425 | 1,128,952 |
Other country | Securities at amortized cost | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,029,705 | 1,022,627 |
Other country | Guarantees | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 13,338 | 124,951 |
Other country | Loan commitments and other liabilities related to credit | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 4,417,681 | 3,755,687 |
Other country | Total | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | ₩ 4,431,019 | ₩ 3,880,638 |
Financial risk management - C_6
Financial risk management - Concentration by geographic location for financial instrument, net of allowance (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | ₩ 587,134,608 | ₩ 549,873,781 |
Financial Guarantees [Member] | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 11,346,421 | 10,799,393 |
Non Financial Guarantees [Member] | ||
Concentration by geographic location for financial instrument, net of allowance [Line Items] | ||
Financial assets, net | ₩ 11,346,421 | ₩ 10,799,393 |
Financial risk management - C_7
Financial risk management - Concentration by industry sector of financial instrument, net of allowance (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | ₩ 587,134,608 | ₩ 549,873,781 |
Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 413,369,169 | 387,826,781 |
Due from banks and loans at amortized cost | Banks | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 14,166,508 | 17,016,263 |
Due from banks and loans at amortized cost | Retail | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 186,358,002 | 170,314,316 |
Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 15,251,465 | 24,778,332 |
Due from banks and loans at amortized cost | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 172,527,573 | 152,895,324 |
Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 25,065,621 | 22,822,546 |
Deposits and loans at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,717,606 | 2,079,913 |
Deposits and loans at FVTPL | Banks | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 34,262 | 93,109 |
Deposits and loans at FVTPL | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,683,344 | 1,986,804 |
Securities at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 58,310,838 | 55,275,031 |
Securities at fair value through other comprehensive income | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 63,806,919 | 57,409,433 |
Securities at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 49,930,076 | 47,282,623 |
Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 5,399,286 | 4,481,506 |
Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 193,853,866 | 187,067,821 |
Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 199,253,152 | 191,549,327 |
Finance and insurance | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 114,234,341 | 124,138,498 |
Finance and insurance | Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 42,099,438 | 51,775,579 |
Finance and insurance | Due from banks and loans at amortized cost | Banks | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 13,447,829 | 16,656,030 |
Finance and insurance | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 15,216,403 | 24,671,308 |
Finance and insurance | Due from banks and loans at amortized cost | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 13,384,083 | 10,403,261 |
Finance and insurance | Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 51,123 | 44,980 |
Finance and insurance | Deposits and loans at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,020,998 | 1,177,901 |
Finance and insurance | Deposits and loans at FVTPL | Banks | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 34,262 | 63,112 |
Finance and insurance | Deposits and loans at FVTPL | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 986,736 | 1,114,789 |
Finance and insurance | Securities at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 33,769,892 | 34,294,362 |
Finance and insurance | Securities at fair value through other comprehensive income | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 27,034,695 | 26,528,743 |
Finance and insurance | Securities at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 10,309,318 | 10,361,913 |
Finance and insurance | Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 775,357 | 919,485 |
Finance and insurance | Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 15,445,541 | 13,474,195 |
Finance and insurance | Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 16,220,898 | 14,393,680 |
Manufacturing | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 60,658,745 | 55,691,640 |
Manufacturing | Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 53,387,545 | 48,600,580 |
Manufacturing | Due from banks and loans at amortized cost | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 53,134,572 | 48,430,680 |
Manufacturing | Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 252,973 | 169,900 |
Manufacturing | Deposits and loans at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 492,598 | 641,554 |
Manufacturing | Deposits and loans at FVTPL | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 492,598 | 641,554 |
Manufacturing | Securities at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,248,846 | 2,978,991 |
Manufacturing | Securities at fair value through other comprehensive income | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,529,756 | 3,448,765 |
Manufacturing | Securities at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 21,750 | |
Manufacturing | Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 948,440 | 1,173,940 |
Manufacturing | Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 25,389,003 | 25,825,767 |
Manufacturing | Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 26,337,443 | 26,999,707 |
Retail and wholesale | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 23,104,240 | 20,752,883 |
Retail and wholesale | Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 21,396,464 | 18,931,934 |
Retail and wholesale | Due from banks and loans at amortized cost | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 21,167,564 | 18,679,397 |
Retail and wholesale | Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 228,900 | 252,537 |
Retail and wholesale | Deposits and loans at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 15,107 | 19,210 |
Retail and wholesale | Deposits and loans at FVTPL | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 15,107 | 19,210 |
Retail and wholesale | Securities at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,169,038 | 1,223,958 |
Retail and wholesale | Securities at fair value through other comprehensive income | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 523,631 | 577,781 |
Retail and wholesale | Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 396,571 | 539,195 |
Retail and wholesale | Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 8,908,201 | 9,652,509 |
Retail and wholesale | Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 9,304,772 | 10,191,704 |
Real estate and service | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 43,858,329 | 38,498,821 |
Real estate and service | Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 41,155,529 | 35,958,502 |
Real estate and service | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,797 | 1,796 |
Real estate and service | Due from banks and loans at amortized cost | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 41,106,836 | 35,920,334 |
Real estate and service | Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 46,896 | 36,372 |
Real estate and service | Deposits and loans at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 78,753 | 81,005 |
Real estate and service | Deposits and loans at FVTPL | Banks | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 29,997 | |
Real estate and service | Deposits and loans at FVTPL | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 78,753 | 51,008 |
Real estate and service | Securities at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 773,687 | 574,547 |
Real estate and service | Securities at fair value through other comprehensive income | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 775,967 | 830,988 |
Real estate and service | Securities at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,074,393 | 1,053,779 |
Real estate and service | Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 126,393 | 149,213 |
Real estate and service | Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,676,457 | 3,619,939 |
Real estate and service | Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,802,850 | 3,769,152 |
Construction service | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 6,489,483 | 5,748,752 |
Construction service | Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,772,906 | 3,559,672 |
Construction service | Due from banks and loans at amortized cost | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,727,338 | 3,521,216 |
Construction service | Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 45,568 | 38,456 |
Construction service | Deposits and loans at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 22,537 | 3,000 |
Construction service | Deposits and loans at FVTPL | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 22,537 | 3,000 |
Construction service | Securities at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 299,972 | 248,399 |
Construction service | Securities at fair value through other comprehensive income | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,144,998 | 974,333 |
Construction service | Securities at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,249,070 | 963,348 |
Construction service | Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 36,001 | 86,624 |
Construction service | Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,213,871 | 2,159,128 |
Construction service | Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,249,872 | 2,245,752 |
Lodging and Restaurant | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 6,759,785 | 6,571,223 |
Lodging and Restaurant | Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 6,573,879 | 6,502,403 |
Lodging and Restaurant | Due from banks and loans at amortized cost | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 6,544,166 | 6,479,253 |
Lodging and Restaurant | Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 29,713 | 23,150 |
Lodging and Restaurant | Deposits and loans at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,637 | |
Lodging and Restaurant | Deposits and loans at FVTPL | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 2,637 | |
Lodging and Restaurant | Securities at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 152,341 | 46,177 |
Lodging and Restaurant | Securities at fair value through other comprehensive income | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 30,928 | 22,643 |
Lodging and Restaurant | Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 56,105 | 49,544 |
Lodging and Restaurant | Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 499,633 | 513,565 |
Lodging and Restaurant | Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 555,738 | 563,109 |
Other industry | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 123,160,536 | 107,585,790 |
Other industry | Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 36,114,259 | 31,611,937 |
Other industry | Due from banks and loans at amortized cost | Banks | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 718,679 | 360,233 |
Other industry | Due from banks and loans at amortized cost | Government/Public agency/Central bank | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 33,265 | 105,228 |
Other industry | Due from banks and loans at amortized cost | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 33,463,014 | 29,461,183 |
Other industry | Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 1,899,301 | 1,685,293 |
Other industry | Deposits and loans at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 84,976 | 157,243 |
Other industry | Deposits and loans at FVTPL | Corporations | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 84,976 | 157,243 |
Other industry | Securities at FVTPL | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 18,897,062 | 15,908,597 |
Other industry | Securities at fair value through other comprehensive income | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 30,766,944 | 25,026,180 |
Other industry | Securities at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 37,297,295 | 34,881,833 |
Other industry | Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 3,059,953 | 1,563,217 |
Other industry | Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 20,404,848 | 19,277,732 |
Other industry | Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 23,464,801 | 20,840,949 |
Retail customers | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 208,869,149 | 190,886,174 |
Retail customers | Due from banks and loans at amortized cost | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 208,869,149 | 190,886,174 |
Retail customers | Due from banks and loans at amortized cost | Retail | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 186,358,002 | 170,314,316 |
Retail customers | Due from banks and loans at amortized cost | Card receivable | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 22,511,147 | 20,571,858 |
Retail customers | Guarantees | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 466 | 288 |
Retail customers | Loan commitments and other liabilities related to credit | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 117,316,312 | 112,544,986 |
Retail customers | Total | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | ₩ 117,316,778 | ₩ 112,545,274 |
Financial risk management - C_8
Financial risk management - Concentration by industry sector of financial instrument, net of allowance (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | ₩ 587,134,608 | ₩ 549,873,781 |
Financial Guarantees [Member] | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 11,346,421 | 10,799,393 |
Non Financial Guarantees [Member] | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 11,346,421 | 10,799,393 |
Off Balance Accounts [Member] | Financial Guarantees [Member] | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | 11,346,421 | 10,799,393 |
Off Balance Accounts [Member] | Non Financial Guarantees [Member] | ||
Concentration by industry sector of financial instrument, net of allowance [Line Items] | ||
Financial assets, net | ₩ 11,346,421 | ₩ 10,799,393 |
Financial risk management - Mar
Financial risk management - Market risk management from trading positions (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Shinhan financial group | Average | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | ₩ 1,095,671 | ₩ 890,558 |
Shinhan financial group | Average | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 587,482 | 525,465 |
Shinhan financial group | Average | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 209,101 | 222,277 |
Shinhan financial group | Average | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 274,140 | 120,088 |
Shinhan financial group | Average | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 16,404 | 8,910 |
Shinhan financial group | Average | Commodity | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 8,544 | 13,818 |
Shinhan financial group | Maximum | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 1,197,521 | 1,004,324 |
Shinhan financial group | Maximum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 625,298 | 592,668 |
Shinhan financial group | Maximum | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 231,137 | 240,535 |
Shinhan financial group | Maximum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 301,271 | 124,915 |
Shinhan financial group | Maximum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 30,244 | 23,224 |
Shinhan financial group | Maximum | Commodity | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 9,571 | 22,982 |
Shinhan financial group | Minimum | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 991,581 | 823,598 |
Shinhan financial group | Minimum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 557,622 | 495,292 |
Shinhan financial group | Minimum | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 179,415 | 202,036 |
Shinhan financial group | Minimum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 245,232 | 113,497 |
Shinhan financial group | Minimum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 1,269 | 3,234 |
Shinhan financial group | Minimum | Commodity | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 8,043 | 9,539 |
Shinhan financial group | December 31 | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 1,123,399 | 941,482 |
Shinhan financial group | December 31 | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 576,515 | 592,668 |
Shinhan financial group | December 31 | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 219,900 | 222,544 |
Shinhan financial group | December 31 | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 299,909 | 113,497 |
Shinhan financial group | December 31 | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 19,032 | 3,234 |
Shinhan financial group | December 31 | Commodity | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 8,043 | 9,539 |
Shinhan Bank [Member] | Average | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 174,647 | 106,030 |
Shinhan Bank [Member] | Average | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 28,749 | 41,165 |
Shinhan Bank [Member] | Average | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 11,583 | 27,077 |
Shinhan Bank [Member] | Average | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 159,165 | 65,309 |
Shinhan Bank [Member] | Average | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 162 | 305 |
Shinhan Bank [Member] | Average | Commodity | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 11 | 13 |
Shinhan Bank [Member] | Average | Portfolio diversification effect | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | (25,023) | (27,839) |
Shinhan Bank [Member] | Maximum | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 210,535 | 154,487 |
Shinhan Bank [Member] | Maximum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 55,773 | 56,950 |
Shinhan Bank [Member] | Maximum | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 21,340 | 66,254 |
Shinhan Bank [Member] | Maximum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 185,514 | 83,335 |
Shinhan Bank [Member] | Maximum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 368 | 1,073 |
Shinhan Bank [Member] | Maximum | Commodity | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 151 | 170 |
Shinhan Bank [Member] | Maximum | Portfolio diversification effect | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | (52,611) | (53,295) |
Shinhan Bank [Member] | Minimum | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 145,145 | 49,486 |
Shinhan Bank [Member] | Minimum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 17,537 | 28,322 |
Shinhan Bank [Member] | Minimum | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 3,850 | 7,545 |
Shinhan Bank [Member] | Minimum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 136,936 | 27,668 |
Shinhan Bank [Member] | Minimum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 29 | 114 |
Shinhan Bank [Member] | Minimum | Commodity | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 0 | |
Shinhan Bank [Member] | Minimum | Portfolio diversification effect | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | (13,207) | (14,163) |
Shinhan Bank [Member] | December 31 | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 192,224 | 94,613 |
Shinhan Bank [Member] | December 31 | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 28,030 | 42,867 |
Shinhan Bank [Member] | December 31 | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 19,618 | 7,893 |
Shinhan Bank [Member] | December 31 | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 161,978 | 69,024 |
Shinhan Bank [Member] | December 31 | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 60 | 138 |
Shinhan Bank [Member] | December 31 | Commodity | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 8 | 1 |
Shinhan Bank [Member] | December 31 | Portfolio diversification effect | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | (17,470) | (25,310) |
Shinhan Card | Average | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 1,996 | 2,034 |
Shinhan Card | Maximum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 2,350 | 2,400 |
Shinhan Card | Minimum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 1,700 | 1,900 |
Shinhan Card | December 31 | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Requisite capital in light of the market risk | 1,700 | 2,400 |
Shinhan Investment | Average | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 78,687 | 75,226 |
Shinhan Investment | Average | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 21,079 | 20,512 |
Shinhan Investment | Average | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 31,668 | 26,136 |
Shinhan Investment | Average | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 24,354 | 12,477 |
Shinhan Investment | Average | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 49,345 | 43,324 |
Shinhan Investment | Average | Portfolio diversification effect | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | (47,759) | (27,223) |
Shinhan Investment | Maximum | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 133,850 | 187,985 |
Shinhan Investment | Maximum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 35,503 | 30,903 |
Shinhan Investment | Maximum | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 62,315 | 51,509 |
Shinhan Investment | Maximum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 43,826 | 46,970 |
Shinhan Investment | Maximum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 96,355 | 162,008 |
Shinhan Investment | Maximum | Portfolio diversification effect | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | (104,149) | (103,405) |
Shinhan Investment | Minimum | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 49,903 | 18,648 |
Shinhan Investment | Minimum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 7,724 | 12,076 |
Shinhan Investment | Minimum | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 15,856 | 2,412 |
Shinhan Investment | Minimum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 2,548 | 632 |
Shinhan Investment | Minimum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 31,155 | 2,894 |
Shinhan Investment | Minimum | Portfolio diversification effect | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | (7,380) | 634 |
Shinhan Investment | December 31 | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 110,444 | 95,208 |
Shinhan Investment | December 31 | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 27,207 | 23,551 |
Shinhan Investment | December 31 | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 33,295 | 36,573 |
Shinhan Investment | December 31 | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 28,594 | 15,557 |
Shinhan Investment | December 31 | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 79,589 | 57,924 |
Shinhan Investment | December 31 | Portfolio diversification effect | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | (58,241) | (38,397) |
Shinhan Life Insurance | Average | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 22,031 | 24,838 |
Shinhan Life Insurance | Average | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 4,161 | 2,967 |
Shinhan Life Insurance | Average | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 8,938 | 10,953 |
Shinhan Life Insurance | Average | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 7,680 | 10,485 |
Shinhan Life Insurance | Average | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 1,252 | 433 |
Shinhan Life Insurance | Maximum | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 40,845 | 46,210 |
Shinhan Life Insurance | Maximum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 9,262 | 6,934 |
Shinhan Life Insurance | Maximum | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 15,009 | 16,592 |
Shinhan Life Insurance | Maximum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 13,746 | 21,588 |
Shinhan Life Insurance | Maximum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 2,828 | 1,096 |
Shinhan Life Insurance | Minimum | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 2,873 | 9,540 |
Shinhan Life Insurance | Minimum | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 457 | 354 |
Shinhan Life Insurance | Minimum | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 1,909 | 4,481 |
Shinhan Life Insurance | Minimum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 481 | 4,665 |
Shinhan Life Insurance | Minimum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 26 | 40 |
Shinhan Life Insurance | December 31 | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 19,013 | 29,119 |
Shinhan Life Insurance | December 31 | Interest rate | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 1,259 | 619 |
Shinhan Life Insurance | December 31 | Stock price | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 6,303 | 13,742 |
Shinhan Life Insurance | December 31 | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 11,404 | 13,669 |
Shinhan Life Insurance | December 31 | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | ₩ 47 | 1,089 |
Orange Life insurance | Average | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 17,137 | |
Orange Life insurance | Average | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 17,064 | |
Orange Life insurance | Average | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 73 | |
Orange Life insurance | Maximum | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 19,681 | |
Orange Life insurance | Maximum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 19,597 | |
Orange Life insurance | Maximum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 84 | |
Orange Life insurance | Minimum | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 10,179 | |
Orange Life insurance | Minimum | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 10,172 | |
Orange Life insurance | Minimum | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 7 | |
Orange Life insurance | December 31 | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 18,037 | |
Orange Life insurance | December 31 | Foreign exchange risk | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | 17,964 | |
Orange Life insurance | December 31 | Option volatility | ||
Market risk management from trading positions [Line Items] | ||
Value at risk | ₩ 73 |
Financial risk management - Int
Financial risk management - Interest rate risk management from non-trading positions (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Shinhan Bank | |||
Interest rate risk management from non-trading positions [Line Items] | |||
delta EVE | [1] | ₩ 774,352 | ₩ 468,327 |
delta NII | [2] | 96,145 | 115,221 |
Shinhan Card | |||
Interest rate risk management from non-trading positions [Line Items] | |||
delta EVE | [1] | 831,361 | 463,647 |
delta NII | [2] | 672,303 | 594,210 |
Shinhan Investment | |||
Interest rate risk management from non-trading positions [Line Items] | |||
delta EVE | [1] | 186,587 | 209,929 |
delta NII | [2] | 187,548 | 89,925 |
Shinhan Life Insurance | |||
Interest rate risk management from non-trading positions [Line Items] | |||
delta EVE | [1] | 2,751,977 | 4,140,109 |
delta NII | [2] | ₩ 84,812 | 46,073 |
Orange Life insurance | |||
Interest rate risk management from non-trading positions [Line Items] | |||
delta EVE | [1] | 2,007,029 | |
delta NII | [2] | ₩ 38,733 | |
[1] | ΔEVE is the change in economic value of equity capital that can arise from changes in interest rates that affect the present value of assets, liabilities and off-balance sheet items by using the Basel III standard based IRRBB method. | ||
[2] | ΔNII is the change in net interest income that can occur over the next year due to changes in interest rates by using the Basel III standard based IRRBB method. |
Financial risk management - For
Financial risk management - Foreign currency denominated financial assets and liabilities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | ₩ 85,782,210 | ₩ 75,546,460 |
Cash and due from banks at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 11,647,182 | 10,971,246 |
Due from banks at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 34,262 | 31,633 |
Loans at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 50,504,940 | 44,926,972 |
Securities at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 6,564,303 | 5,201,068 |
Derivative assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 909,194 | 1,101,306 |
Securities at fair value through other comprehensive income | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 6,062,175 | 5,702,681 |
Securities at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 3,509,474 | 3,216,464 |
Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 6,016,582 | 3,538,503 |
Loans at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 534,098 | 856,587 |
Financial liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 76,050,980 | 70,838,085 |
Deposits | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 46,666,021 | 41,759,122 |
Financial liabilities at fair value through profit or loss | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 588,572 | 544,916 |
Derivative liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 524,430 | 708,815 |
Borrowings | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 10,035,349 | 10,404,551 |
Debt securities issued | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 10,899,785 | 11,091,123 |
Financial liabilities designated at fair value through profit or loss | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,553,683 | 1,068,245 |
Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 5,783,140 | 5,261,313 |
Net domestic and foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 9,731,230 | 4,708,375 |
Off-balance derivative exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | (2,366,070) | (393,215) |
Net foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 7,365,160 | 4,315,160 |
USD | Financial assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 46,169,675 | 39,604,300 |
USD | Cash and due from banks at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 4,958,621 | 4,729,453 |
USD | Due from banks at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 34,262 | 31,633 |
USD | Loans at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 24,443,325 | 21,435,678 |
USD | Securities at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 5,417,837 | 4,426,257 |
USD | Derivative assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 863,223 | 913,778 |
USD | Securities at fair value through other comprehensive income | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 4,264,191 | 3,868,880 |
USD | Securities at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,306,357 | 1,273,204 |
USD | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 4,347,761 | 2,180,140 |
USD | Loans at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 534,098 | 745,277 |
USD | Financial liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 42,330,635 | 39,496,155 |
USD | Deposits | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 20,060,092 | 17,542,371 |
USD | Financial liabilities at fair value through profit or loss | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 7,114 | |
USD | Derivative liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 496,616 | 558,064 |
USD | Borrowings | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 7,518,545 | 8,431,144 |
USD | Debt securities issued | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 8,887,807 | 8,417,214 |
USD | Financial liabilities designated at fair value through profit or loss | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,553,683 | 1,068,245 |
USD | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 3,806,778 | 3,479,117 |
USD | Net domestic and foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 3,839,040 | 108,145 |
USD | Off-balance derivative exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | (419,387) | 438,469 |
USD | Net foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 3,419,653 | 546,614 |
JPY | Financial assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 12,442,253 | 11,783,861 |
JPY | Cash and due from banks at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,878,286 | 1,988,215 |
JPY | Loans at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 9,901,710 | 9,076,702 |
JPY | Securities at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 15,557 | 2,574 |
JPY | Derivative assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 526 | 21,531 |
JPY | Securities at fair value through other comprehensive income | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 162,023 | 149,718 |
JPY | Securities at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 241,232 | 240,619 |
JPY | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 242,919 | 284,695 |
JPY | Loans at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 19,807 | |
JPY | Financial liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 11,837,581 | 11,169,352 |
JPY | Deposits | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 10,642,720 | 10,136,700 |
JPY | Derivative liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 418 | 10,819 |
JPY | Borrowings | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 940,877 | 810,819 |
JPY | Debt securities issued | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 137,022 | 87,504 |
JPY | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 116,544 | 123,510 |
JPY | Net domestic and foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 604,672 | 614,509 |
JPY | Off-balance derivative exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | (62,614) | (166,923) |
JPY | Net foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 542,058 | 447,586 |
EUR | Financial assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 2,677,794 | 2,765,752 |
EUR | Cash and due from banks at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 479,644 | 402,137 |
EUR | Loans at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 975,680 | 1,296,284 |
EUR | Securities at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 577,157 | 455,769 |
EUR | Derivative assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 10,440 | 50,842 |
EUR | Securities at fair value through other comprehensive income | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 240,705 | 222,547 |
EUR | Securities at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 69,282 | 69,132 |
EUR | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 324,886 | 177,538 |
EUR | Loans at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 91,503 | |
EUR | Financial liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 2,656,844 | 2,516,268 |
EUR | Deposits | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,376,168 | 991,501 |
EUR | Derivative liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 12,042 | 33,940 |
EUR | Borrowings | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 181,027 | 306,829 |
EUR | Debt securities issued | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 892,220 | 933,570 |
EUR | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 195,387 | 250,428 |
EUR | Net domestic and foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 20,950 | 249,484 |
EUR | Off-balance derivative exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 325,000 | 187,408 |
EUR | Net foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 345,950 | 436,892 |
CNY | Financial assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 6,444,017 | 5,772,165 |
CNY | Cash and due from banks at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 700,378 | 798,053 |
CNY | Loans at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 5,090,928 | 4,130,855 |
CNY | Securities at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 233 | |
CNY | Derivative assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,429 | 1,100 |
CNY | Securities at fair value through other comprehensive income | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 397,010 | 460,681 |
CNY | Securities at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 80,133 | 45,151 |
CNY | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 173,906 | 336,325 |
CNY | Financial liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 5,837,579 | 5,379,341 |
CNY | Deposits | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 4,820,793 | 4,650,406 |
CNY | Derivative liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,712 | 858 |
CNY | Borrowings | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 463,098 | 163,454 |
CNY | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 551,976 | 564,623 |
CNY | Net domestic and foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 606,438 | 392,824 |
CNY | Off-balance derivative exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | (95,526) | 44,764 |
CNY | Net foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 510,912 | 437,588 |
Other | Financial assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 18,048,471 | 15,620,382 |
Other | Cash and due from banks at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 3,630,253 | 3,053,388 |
Other | Loans at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 10,093,297 | 8,987,453 |
Other | Securities at FVTPL | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 553,519 | 316,468 |
Other | Derivative assets | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 33,576 | 114,055 |
Other | Securities at fair value through other comprehensive income | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 998,246 | 1,000,855 |
Other | Securities at amortized cost | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,812,470 | 1,588,358 |
Other | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 927,110 | 559,805 |
Other | Financial liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 13,388,341 | 12,276,969 |
Other | Deposits | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 9,766,248 | 8,438,144 |
Other | Financial liabilities at fair value through profit or loss | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 581,458 | 544,916 |
Other | Derivative liabilities | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 13,642 | 105,134 |
Other | Borrowings | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 931,802 | 692,305 |
Other | Debt securities issued | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 982,736 | 1,652,835 |
Other | Others | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 1,112,455 | 843,635 |
Other | Net domestic and foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | 4,660,130 | 3,343,413 |
Other | Off-balance derivative exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | (2,113,543) | (896,933) |
Other | Net foreign currency exposure | ||
Foreign currency denominated financial assets and liabilities [Line Items] | ||
Foreign exchange risk | ₩ 2,546,587 | ₩ 2,446,480 |
Financial risk management - Mat
Financial risk management - Maturity analysis for financial assets held for managing liquidity risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | ₩ 674,133,203 | ₩ 620,730,141 |
Cash and due from banks at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 28,548,973 | 33,216,254 |
Due from banks at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 34,263 | 63,113 |
Loan receivables measured at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 1,697,882 | 2,076,099 |
Loans at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 430,258,973 | 391,885,336 |
Securities at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 60,802,093 | 56,039,981 |
Securities at fair value through other comprehensive income | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 64,896,373 | 58,414,773 |
Securities at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 64,340,718 | 61,251,658 |
Others | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 23,553,928 | 17,782,927 |
Less than 1 month | Financial assets | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 191,613,655 | 176,370,069 |
Less than 1 month | Cash and due from banks at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 24,864,116 | 30,486,441 |
Less than 1 month | Due from banks at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 34,263 | 63,113 |
Less than 1 month | Loan receivables measured at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 170,540 | 31,100 |
Less than 1 month | Loans at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 32,258,357 | 30,170,280 |
Less than 1 month | Securities at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 51,899,638 | 44,779,587 |
Less than 1 month | Securities at fair value through other comprehensive income | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 60,818,846 | 55,002,284 |
Less than 1 month | Securities at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 515,883 | 385,809 |
Less than 1 month | Others | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 21,052,012 | 15,451,455 |
1~3 months | Financial assets | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 50,771,760 | 43,173,389 |
1~3 months | Cash and due from banks at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 796,046 | 845,977 |
1~3 months | Loan receivables measured at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 628,905 | 689,261 |
1~3 months | Loans at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 45,442,330 | 38,040,760 |
1~3 months | Securities at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 106,637 | 1,413,545 |
1~3 months | Securities at fair value through other comprehensive income | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 1,204,770 | 10,740 |
1~3 months | Securities at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 2,542,470 | 2,070,392 |
1~3 months | Others | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 50,602 | 102,714 |
3~6 months | Financial assets | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 60,764,744 | 54,791,811 |
3~6 months | Cash and due from banks at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 329,809 | 501,733 |
3~6 months | Loan receivables measured at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 117,975 | 46,369 |
3~6 months | Loans at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 57,821,874 | 52,331,623 |
3~6 months | Securities at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 385,952 | 571,552 |
3~6 months | Securities at fair value through other comprehensive income | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 91,704 | 207 |
3~6 months | Securities at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 1,992,334 | 1,202,211 |
3~6 months | Others | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 25,096 | 138,116 |
6 months ~ 1 year | Financial assets | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 96,721,074 | 88,916,765 |
6 months ~ 1 year | Cash and due from banks at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 1,151,073 | 860,975 |
6 months ~ 1 year | Loan receivables measured at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 49,932 | 117,820 |
6 months ~ 1 year | Loans at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 89,630,955 | 82,840,301 |
6 months ~ 1 year | Securities at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 608,957 | 1,160,406 |
6 months ~ 1 year | Securities at fair value through other comprehensive income | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 634,600 | 414 |
6 months ~ 1 year | Securities at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 4,273,021 | 3,649,376 |
6 months ~ 1 year | Others | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 372,536 | 287,473 |
1~5 years | Financial assets | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 152,091,050 | 142,310,046 |
1~5 years | Cash and due from banks at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 108,491 | 4,467 |
1~5 years | Loan receivables measured at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 563,246 | 310,954 |
1~5 years | Loans at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 129,534,255 | 119,243,663 |
1~5 years | Securities at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 2,024,069 | 3,384,948 |
1~5 years | Securities at fair value through other comprehensive income | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 1,249,183 | 79,640 |
1~5 years | Securities at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 18,358,433 | 19,054,766 |
1~5 years | Others | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 253,373 | 231,608 |
More than 5 years | Financial assets | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 122,170,920 | 115,168,061 |
More than 5 years | Cash and due from banks at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 1,299,438 | 516,661 |
More than 5 years | Loan receivables measured at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 167,284 | 880,595 |
More than 5 years | Loans at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 75,571,202 | 69,258,709 |
More than 5 years | Securities at FVTPL | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 5,776,840 | 4,729,943 |
More than 5 years | Securities at fair value through other comprehensive income | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 897,270 | 3,321,488 |
More than 5 years | Securities at amortized cost | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | 36,658,577 | 34,889,104 |
More than 5 years | Others | ||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | ||
Non-derivative financial assets, undiscounted cash flows | ₩ 1,800,309 | ₩ 1,571,561 |
Financial risk management - M_4
Financial risk management - Maturity analysis for non-derivative financial liabilities and off balance (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial liabilities | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | ₩ 533,632,039 | ₩ 490,603,854 |
Deposits | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 368,344,904 | 329,350,009 |
Financial liabilities at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 1,371,503 | 1,439,099 |
Borrowings | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 43,721,261 | 41,922,410 |
Debt securities issued | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 83,796,056 | 78,797,906 |
Financial liabilities designated at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 8,023,870 | 8,455,724 |
Others | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 28,374,445 | 30,638,706 |
Off balance | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Off-balance, undiscounted cash flows | 199,253,152 | 192,037,822 |
Guarantee contracts | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Off-balance, undiscounted cash flows | 5,399,286 | 4,481,506 |
Other liabilities related to loan commitments | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Off-balance, undiscounted cash flows | 193,853,866 | 187,556,316 |
Less than 1 month | Financial liabilities | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 258,829,710 | 238,977,763 |
Less than 1 month | Deposits | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 212,378,477 | 187,299,944 |
Less than 1 month | Financial liabilities at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 1,371,503 | 1,409,608 |
Less than 1 month | Borrowings | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 13,159,909 | 14,670,192 |
Less than 1 month | Debt securities issued | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 4,833,061 | 5,872,508 |
Less than 1 month | Financial liabilities designated at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 332,597 | 596,675 |
Less than 1 month | Others | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 26,754,163 | 29,128,836 |
Less than 1 month | Off balance | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Off-balance, undiscounted cash flows | 199,253,152 | 192,017,922 |
Less than 1 month | Guarantee contracts | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Off-balance, undiscounted cash flows | 5,399,286 | 4,481,506 |
Less than 1 month | Other liabilities related to loan commitments | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Off-balance, undiscounted cash flows | 193,853,866 | 187,536,416 |
1~3 months | Financial liabilities | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 47,580,176 | 38,722,706 |
1~3 months | Deposits | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 36,147,003 | 28,357,521 |
1~3 months | Financial liabilities at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 794 | |
1~3 months | Borrowings | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 3,928,317 | 3,783,621 |
1~3 months | Debt securities issued | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 7,033,973 | 6,261,775 |
1~3 months | Financial liabilities designated at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 294,931 | 221,857 |
1~3 months | Others | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 175,952 | 97,138 |
3~6 months | Financial liabilities | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 52,503,110 | 45,034,147 |
3~6 months | Deposits | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 40,879,482 | 36,578,825 |
3~6 months | Financial liabilities at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 7,042 | |
3~6 months | Borrowings | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 3,643,545 | 2,920,338 |
3~6 months | Debt securities issued | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 7,257,291 | 5,039,503 |
3~6 months | Financial liabilities designated at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 586,682 | 336,784 |
3~6 months | Others | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 136,110 | 151,655 |
6 months ~ 1 year | Financial liabilities | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 83,879,492 | 78,606,904 |
6 months ~ 1 year | Deposits | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 59,303,450 | 59,863,780 |
6 months ~ 1 year | Financial liabilities at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2,785 | |
6 months ~ 1 year | Borrowings | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 5,171,542 | 5,463,070 |
6 months ~ 1 year | Debt securities issued | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 17,537,101 | 11,457,246 |
6 months ~ 1 year | Financial liabilities designated at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 1,298,402 | 1,277,802 |
6 months ~ 1 year | Others | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 568,997 | 542,221 |
6 months ~ 1 year | Off balance | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Off-balance, undiscounted cash flows | 19,900 | |
6 months ~ 1 year | Other liabilities related to loan commitments | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Off-balance, undiscounted cash flows | 19,900 | |
1~5 years | Financial liabilities | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 77,760,091 | 75,004,925 |
1~5 years | Deposits | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 17,046,796 | 14,894,480 |
1~5 years | Financial liabilities at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 18,870 | |
1~5 years | Borrowings | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 14,168,441 | 10,692,374 |
1~5 years | Debt securities issued | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 41,799,782 | 43,712,609 |
1~5 years | Financial liabilities designated at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 4,165,201 | 5,043,549 |
1~5 years | Others | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 579,871 | 643,043 |
More than 5 years | Financial liabilities | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 13,079,460 | 14,257,409 |
More than 5 years | Deposits | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 2,589,696 | 2,355,459 |
More than 5 years | Borrowings | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 3,649,507 | 4,392,815 |
More than 5 years | Debt securities issued | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 5,334,848 | 6,454,265 |
More than 5 years | Financial liabilities designated at fair value through profit or loss | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | 1,346,057 | 979,057 |
More than 5 years | Others | ||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | ||
Non-derivative financial liabilities, undiscounted cash flows | ₩ 159,352 | ₩ 75,813 |
Financial risk management - M_5
Financial risk management - Maturity analysis for derivatives (Details) - Derivatives - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivatives | ₩ 123,513 | ₩ 879,379 |
Less than 1 month | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivatives | 380,609 | 419,951 |
1~3 months | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivatives | 23,508 | 29,829 |
3~6 months | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivatives | 11,867 | 75,483 |
6 months ~ 1 year | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivatives | 23,099 | 149,274 |
1~5 years | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivatives | (363,034) | 103,770 |
More than 5 years | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Derivatives | ₩ 47,464 | ₩ 101,072 |
Financial risk management - M_6
Financial risk management - Maturity analysis for derivatives parenthetical (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial Guarantees [Member] | ||
Statement [Line Items] | ||
Off-balance, undiscounted cash flows | ₩ 11,346,421 | ₩ 10,799,393 |
Non Financial Guarantees [Member] | ||
Statement [Line Items] | ||
Off-balance, undiscounted cash flows | 11,346,421 | 10,799,393 |
Carrying value | ||
Statement [Line Items] | ||
Demand deposit accounts | ₩ 172,107,724 | ₩ 148,725,197 |
Financial risk management - Fai
Financial risk management - Fair Value measurement of financial assets measured at fair value (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | ₩ 131,041,271 | ₩ 123,041,430 |
Due from banks at FVTPL | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 34,262 | 63,112 |
Loans at FVTPL | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 1,683,344 | 2,016,801 |
Financial assets at fair value through profit or loss | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 60,686,153 | 57,011,490 |
Financial assets at fair value through profit or loss | Debt securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 58,227,147 | 55,086,692 |
Financial assets at fair value through profit or loss | Gold and silver deposits | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 83,691 | 188,339 |
Financial assets at fair value through profit or loss | Equity securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 2,375,315 | 1,736,459 |
Derivative assets | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 3,799,189 | 5,633,915 |
Derivative assets | Trading purpose | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 3,574,126 | 5,157,412 |
Derivative assets | Hedging purpose | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 225,063 | 476,503 |
Securities at fair value through other comprehensive income | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 64,838,323 | 58,316,112 |
Securities at fair value through other comprehensive income | Debt securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 63,806,919 | 57,409,433 |
Securities at fair value through other comprehensive income | Equity securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 1,031,404 | 906,679 |
Level 1 | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 33,497,763 | 25,724,740 |
Level 1 | Financial assets at fair value through profit or loss | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 8,276,513 | 7,911,608 |
Level 1 | Financial assets at fair value through profit or loss | Debt securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 7,250,389 | 7,029,453 |
Level 1 | Financial assets at fair value through profit or loss | Gold and silver deposits | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 83,691 | 188,339 |
Level 1 | Financial assets at fair value through profit or loss | Equity securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 942,433 | 693,816 |
Level 1 | Derivative assets | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 11,542 | 125,339 |
Level 1 | Derivative assets | Trading purpose | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 11,542 | 125,339 |
Level 1 | Securities at fair value through other comprehensive income | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 25,209,708 | 17,687,793 |
Level 1 | Securities at fair value through other comprehensive income | Debt securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 24,951,761 | 17,515,390 |
Level 1 | Securities at fair value through other comprehensive income | Equity securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 257,947 | 172,403 |
Level 2 | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 83,457,029 | 85,263,917 |
Level 2 | Loans at FVTPL | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 790,510 | 708,111 |
Level 2 | Financial assets at fair value through profit or loss | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 40,504,108 | 39,545,969 |
Level 2 | Financial assets at fair value through profit or loss | Debt securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 40,396,692 | 39,335,739 |
Level 2 | Financial assets at fair value through profit or loss | Equity securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 107,416 | 210,230 |
Level 2 | Derivative assets | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 3,259,028 | 5,098,926 |
Level 2 | Derivative assets | Trading purpose | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 3,033,965 | 4,623,218 |
Level 2 | Derivative assets | Hedging purpose | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 225,063 | 475,708 |
Level 2 | Securities at fair value through other comprehensive income | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 38,903,383 | 39,910,911 |
Level 2 | Securities at fair value through other comprehensive income | Debt securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 38,855,158 | 39,861,238 |
Level 2 | Securities at fair value through other comprehensive income | Equity securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 48,225 | 49,673 |
Level 3 | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 14,086,479 | 12,052,773 |
Level 3 | Due from banks at FVTPL | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 34,262 | 63,112 |
Level 3 | Loans at FVTPL | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 892,834 | 1,308,690 |
Level 3 | Financial assets at fair value through profit or loss | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 11,905,532 | 9,553,913 |
Level 3 | Financial assets at fair value through profit or loss | Debt securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 10,580,066 | 8,721,500 |
Level 3 | Financial assets at fair value through profit or loss | Equity securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 1,325,466 | 832,413 |
Level 3 | Derivative assets | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 528,619 | 409,650 |
Level 3 | Derivative assets | Trading purpose | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 528,619 | 408,855 |
Level 3 | Derivative assets | Hedging purpose | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 795 | |
Level 3 | Securities at fair value through other comprehensive income | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 725,232 | 717,408 |
Level 3 | Securities at fair value through other comprehensive income | Debt securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | 32,805 | |
Level 3 | Securities at fair value through other comprehensive income | Equity securities | ||
Fair Value measurement of financial assets measured at fair value [Line Items] | ||
Carrying value | ₩ 725,232 | ₩ 684,603 |
Financial risk management - F_2
Financial risk management - Fair Value measurement of financial liabilities measured at fair value (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | ₩ 12,979,659 | ₩ 14,908,985 |
Financial liabilities measured at FVTPL | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 1,369,225 | 1,436,694 |
Financial liabilities measured at FVTPL | Securities sold | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 787,767 | 897,129 |
Financial liabilities measured at FVTPL | Gold and silver deposits | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 581,458 | 539,565 |
Financial liabilities designated at fair value through profit or loss | Derivatives-combined securities | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 8,023,870 | 8,455,724 |
Derivative liabilities | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 3,586,564 | 5,016,567 |
Derivative liabilities | Trading purpose | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 3,207,755 | 4,680,064 |
Derivative liabilities | Hedging purpose | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 378,809 | 336,503 |
Level 1 | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 1,560,286 | 1,598,322 |
Level 1 | Financial liabilities measured at FVTPL | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 1,369,225 | 1,436,694 |
Level 1 | Financial liabilities measured at FVTPL | Securities sold | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 787,767 | 897,129 |
Level 1 | Financial liabilities measured at FVTPL | Gold and silver deposits | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 581,458 | 539,565 |
Level 1 | Derivative liabilities | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 191,061 | 161,628 |
Level 1 | Derivative liabilities | Trading purpose | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 191,061 | 161,628 |
Level 2 | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 3,460,166 | 4,978,984 |
Level 2 | Financial liabilities designated at fair value through profit or loss | Derivatives-combined securities | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 401,345 | 314,220 |
Level 2 | Derivative liabilities | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 3,058,821 | 4,664,764 |
Level 2 | Derivative liabilities | Trading purpose | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 2,862,761 | 4,431,080 |
Level 2 | Derivative liabilities | Hedging purpose | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 196,060 | 233,684 |
Level 3 | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 7,959,207 | 8,331,679 |
Level 3 | Financial liabilities designated at fair value through profit or loss | Derivatives-combined securities | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 7,622,525 | 8,141,504 |
Level 3 | Derivative liabilities | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 336,682 | 190,175 |
Level 3 | Derivative liabilities | Trading purpose | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | 153,933 | 87,356 |
Level 3 | Derivative liabilities | Hedging purpose | ||
Fair Value measurement of financial liabilities measured at fair value [Line Items] | ||
Carrying value | ₩ 182,749 | ₩ 102,819 |
Financial risk management - F_3
Financial risk management - Fair Value measurement of financial assets and liabilities measured at fair value (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Derivatives-combined securities | ||
Statement [Line Items] | ||
Financial instruments related to repurchase partners asset management | ₩ 300,200 | ₩ 211,700 |
Beneficiary certificates [Member] | ||
Statement [Line Items] | ||
Financial instruments related to repurchase partners asset management | 300,200 | 211,700 |
Financial assets at fair value through profit or loss | ||
Statement [Line Items] | ||
Financial assets invested by valuation of amount related to lime asset management | 157,900 | 161,200 |
Level 3 | Derivative liabilities | ||
Statement [Line Items] | ||
Derivative liabilities valuation amount for over the counter | 153,084 | 83,269 |
Level 3 | Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently, category [member] | ||
Statement [Line Items] | ||
Derivative financial liabilities valuation amount for over the counter | 7,622,526 | 8,141,504 |
Level 3 | Financial assets at fair value through profit or loss | ||
Statement [Line Items] | ||
Derivative financial assets valuation amount for over the counter | 72,980 | 204,608 |
Level 3 | Derivative assets | ||
Statement [Line Items] | ||
Derivative assets valuation amount for over the counter | ₩ 527,726 | ₩ 405,313 |
Financial risk management - Cha
Financial risk management - Changes in carrying values of financial instruments classified as Level 3 (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Financial assets at fair value through profit or loss | ||
Changes in carrying values of financial instruments classified as Level 3 [Line Items] | ||
Beginning balance | ₩ 10,925,715 | ₩ 11,762,259 |
Recognized in profit (loss) for the year | 271,065 | (59,931) |
Recognized in other comprehensive income (loss) for the year | 38,566 | 69,819 |
Recognized Changes In Carrying Value Of Financial Instruments | 309,631 | 9,888 |
Purchase | 4,792,810 | 4,461,802 |
Settlement | (3,498,968) | (5,231,666) |
Reclassification | (9,641) | (377,641) |
Transfer to level3 | 507,984 | 358,123 |
Transfer from level3 | (194,903) | (57,513) |
Business combination (Note 47) | 463 | |
Ending balance | 12,832,628 | 10,925,715 |
Securities at fair value through other comprehensive income | ||
Changes in carrying values of financial instruments classified as Level 3 [Line Items] | ||
Beginning balance | 717,408 | 660,118 |
Recognized in profit (loss) for the year | 448 | (2,094) |
Recognized in other comprehensive income (loss) for the year | 24,672 | (2,521) |
Recognized Changes In Carrying Value Of Financial Instruments | 25,120 | (4,615) |
Purchase | 21,440 | 61,919 |
Settlement | (38,736) | (14) |
Ending balance | 725,232 | 717,408 |
Financial liabilities designated at fair value through profit or loss | ||
Changes in carrying values of financial instruments classified as Level 3 [Line Items] | ||
Beginning balance | (8,141,504) | (8,511,489) |
Recognized in profit (loss) for the year | (273,536) | (196,743) |
Recognized in other comprehensive income (loss) for the year | (1,526) | (9,689) |
Recognized Changes In Carrying Value Of Financial Instruments | (275,062) | (206,432) |
Issue | (8,488,977) | (9,043,503) |
Settlement | 9,283,018 | 9,928,472 |
Transfer to level3 | (308,552) | |
Ending balance | (7,622,525) | (8,141,504) |
Derivative assets and liabilities, net - Held for trading | ||
Changes in carrying values of financial instruments classified as Level 3 [Line Items] | ||
Beginning balance | 321,499 | 342,830 |
Recognized in profit (loss) for the year | 348,046 | 51,436 |
Recognized Changes In Carrying Value Of Financial Instruments | 348,046 | 51,436 |
Purchase | 4,394 | 1,171 |
Settlement | (299,633) | (74,584) |
Transfer to level3 | 446 | 625 |
Transfer from level3 | (66) | 21 |
Ending balance | 374,686 | 321,499 |
Derivative assets and liabilities, net - Held for hedging | ||
Changes in carrying values of financial instruments classified as Level 3 [Line Items] | ||
Beginning balance | (102,024) | (186,974) |
Recognized in profit (loss) for the year | (80,725) | 84,950 |
Recognized Changes In Carrying Value Of Financial Instruments | (80,725) | 84,950 |
Ending balance | ₩ (182,749) | ₩ (102,024) |
Financial risk management - Rec
Financial risk management - Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 (Details) - Level 3 - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items] | ||
Amounts recognized in profit or loss | ₩ 265,298 | ₩ (122,382) |
Recognized profit or loss from the financial instruments held as of December 31 | 425,308 | 26,867 |
Net gain (loss) on financial assets at fair value through profit or loss | ||
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items] | ||
Amounts recognized in profit or loss | 619,111 | (8,495) |
Recognized profit or loss from the financial instruments held as of December 31 | 322,974 | (179,989) |
Net gain (loss) on financial liabilities designated at fair value through profit or loss | ||
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items] | ||
Amounts recognized in profit or loss | (273,536) | (196,743) |
Recognized profit or loss from the financial instruments held as of December 31 | 186,003 | 189,885 |
Net gain (loss) on securities at fair value through other comprehensive income | ||
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items] | ||
Amounts recognized in profit or loss | 448 | (2,094) |
Recognized profit or loss from the financial instruments held as of December 31 | 0 | (2,094) |
Net other operating income (expense) | ||
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items] | ||
Amounts recognized in profit or loss | (80,725) | 84,950 |
Recognized profit or loss from the financial instruments held as of December 31 | ₩ (83,669) | ₩ 19,065 |
Financial risk management - Val
Financial risk management - Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Level 2 | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 83,457,029 | ₩ 85,263,917 |
Level 2 | Financial assets at fair value through profit or loss | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 41,294,618 | ₩ 40,254,080 |
Level 2 | Financial assets at fair value through profit or loss | Debt securities | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | DCF | DCF |
Carrying value | ₩ 41,187,202 | ₩ 40,043,850 |
Significant unobservable inputs and range | Discount rate, interest rate, stock price, and etc. | Discount rate, interest rate, stock price, and etc. |
Level 2 | Financial assets at fair value through profit or loss | Equity securities | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | NAV | NAV |
Carrying value | ₩ 107,416 | ₩ 210,230 |
Significant unobservable inputs and range | Price of underlying assets such as stocks, bonds, etc. | Price of underlying assets such as stocks, bonds |
Level 2 | Securities at fair value through other comprehensive income | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 38,903,383 | ₩ 39,910,911 |
Level 2 | Securities at fair value through other comprehensive income | Debt securities | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | DCF | DCF |
Carrying value | ₩ 38,855,158 | ₩ 39,861,238 |
Significant unobservable inputs and range | Interest rate, discount rate and price of underlying assets such as stock, bonds, etc. | Discount rate, interest rate and price of underlying assets such as stock, bonds |
Level 2 | Securities at fair value through other comprehensive income | Equity securities | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | NAV | NAV |
Carrying value | ₩ 48,225 | ₩ 49,673 |
Significant unobservable inputs and range | Interest rate, discount rate and price of underlying assets such as stock, bonds, etc. | Discount rate, interest rate and price of underlying assets such as stock, bonds |
Level 2 | Derivative assets | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 3,259,028 | ₩ 5,098,926 |
Level 2 | Derivative assets | Trading purpose | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model, Implied forward interest rate, DCF | Option model, DCF |
Carrying value | ₩ 3,033,965 | ₩ 4,623,218 |
Significant unobservable inputs and range | Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. | Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. |
Level 2 | Derivative assets | Hedging purpose | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model, Implied forward interest rate, DCF | Option model, DCF |
Carrying value | ₩ 225,063 | ₩ 475,708 |
Significant unobservable inputs and range | Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. | |
Level 3 | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | 14,086,479 | ₩ 12,052,773 |
Level 3 | Financial assets at fair value through profit or loss | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 12,832,628 | ₩ 10,925,715 |
Level 3 | Financial assets at fair value through profit or loss | Debt securities | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | DCF, NAV, Option model (*1), Comparable company analysis | DCF, Option model (*1), Comparable company analysis |
Carrying value | ₩ 11,507,162 | ₩ 10,093,302 |
Significant unobservable inputs and range | The volatility of the underlying asset, 19.48%~72.69% Discount rate, 0.07%~27.30% and Correlations, 23.17%~58.47% Growth rate 0.00%~1.00% | The volatility of the underlying asset, 5.06%~61.32% Discount rate, 0.35%~27.17% and Correlations 0.00%~100.0% |
Level 3 | Financial assets at fair value through profit or loss | Equity securities | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | DCF, NAV, Option model (*1), Comparable company analysis | DCF, NAV, Option model (*1), Comparable company analysis |
Carrying value | ₩ 1,325,466 | ₩ 832,413 |
Significant unobservable inputs and range | The volatility of the underlying asset, 16.00%~32.00% Discount rate, 5.45%~16.35% and Correlations, 00.00%~54.00% Growth rate 1.00% | The volatility of the underlying asset, 21.00%~40.00% Discount rate, 5.83%~16.87% and Correlations 20.00%~79.00% |
Level 3 | Securities at fair value through other comprehensive income | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 725,232 | ₩ 717,408 |
Level 3 | Securities at fair value through other comprehensive income | Debt securities | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 32,805 | |
Significant unobservable inputs and range | DCF, NAV, Option model(*1), Comparable company analysis | |
Level 3 | Securities at fair value through other comprehensive income | Equity securities | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | DCF, NAV, Option model (*1), Comparable company analysis | DCF, NAV, Option model(*1), Comparable company analysis |
Carrying value | ₩ 725,232 | ₩ 684,603 |
Significant unobservable inputs and range | The volatility of the underlying asset, 25.49% Discount rate, 9.80%~22.79% and Growth rate 0.00%~2.00% | The volatility of the underlying asset, 22.11% Discount rate, 0.05%~19.05% and Growth rate 0.00%~2.00% |
Level 3 | Securities at fair value through other comprehensive income | Trading purpose | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | DCF, NAV, Option model (*1), Comparable company analysis | |
Level 3 | Securities at fair value through other comprehensive income | Hedging purpose | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | DCF, NAV, Option model (*1), Comparable company analysis | |
Level 3 | Derivative assets | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 528,619 | ₩ 409,650 |
Level 3 | Derivative assets | Equity and foreign exchange related | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model (*1) | Option model (*1) |
Carrying value | ₩ 28,783 | ₩ 113,496 |
Significant unobservable inputs and range | The volatility of the underlying asset, 2.29%~50.00% and Correlations -5.00%~91.00% | The volatility of the underlying asset, 4.30%~127.00% and Correlations -3.00%~82.00% |
Level 3 | Derivative assets | Credit and commodity related | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model (*1) | Option model (*1) |
Carrying value | ₩ 493,807 | ₩ 273,042 |
Significant unobservable inputs and range | The volatility of the underlying asset, 0.70%~4.70% and Hazard Rate 5.17%~93.69% | The volatility of the underlying asset, 1.00%~40.00% and Correlations -43.00%~92.00% |
Level 3 | Derivative assets | Interest rates related | ||
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model (*1) | Option model (*1) |
Carrying value | ₩ 6,029 | ₩ 23,112 |
Significant unobservable inputs and range | The volatility of the underlying asset, 0.70% Correlations 80.00%~82.00% and Discount rate, 1.11%~1.83% | The volatility of the underlying asset, 0.47%~1.00% Regression coefficient, 0.30%~0.58% and Correlations 26.00%~90.45% |
Financial risk management - V_2
Financial risk management - Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Level 2 | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 3,460,166 | ₩ 4,978,984 |
Level 2 | Derivative liabilities | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 3,058,821 | ₩ 4,664,764 |
Level 2 | Borrowings | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Valuation technique | Black-Scholes model | DCF |
Carrying value | ₩ 401,345 | ₩ 314,220 |
Significant unobservable inputs and range | Discount rate | Discount rate |
Level 2 | Trading purpose | Derivative liabilities | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model, DCF | Option model, DCF |
Carrying value | ₩ 2,862,761 | ₩ 4,431,080 |
Significant unobservable inputs and range | Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. | Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. |
Level 2 | Hedging purpose | Derivative liabilities | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model, DCF | Option model, DCF |
Carrying value | ₩ 196,060 | ₩ 233,684 |
Significant unobservable inputs and range | Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. | Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. |
Level 3 | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 7,959,207 | ₩ 8,331,679 |
Level 3 | Derivative liabilities | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Carrying value | ₩ 336,682 | ₩ 190,175 |
Level 3 | Financial liabilities designated at fair value through profit or loss | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model (*1) | Option model (*1) |
Carrying value | ₩ 7,622,525 | ₩ 8,141,504 |
Significant unobservable inputs and range | The volatility of the underlying asset, 0.50%~94.90% and Correlations -12.00%~88.00% | The volatility of the underlying asset, 1.00%~127.00% and Correlations -43.00%~92.00% |
Level 3 | Equity and foreign exchange related | Derivative liabilities | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model (*1) | Option model (*1) |
Carrying value | ₩ 13,214 | ₩ 25,525 |
Significant unobservable inputs and range | The volatility of the underlying asset, 2.29%~42.00% and Correlations -5.00%~91.00% | The volatility of the underlying asset, 4.30%~61.00% and Correlations -3.00%~82.00% |
Level 3 | Credit and commodity related | Derivative liabilities | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model (*1) | Option model (*1) |
Carrying value | ₩ 65,104 | ₩ 29,891 |
Significant unobservable inputs and range | The volatility of the underlying asset, 1.90%~94.90% and Hazard Rate 5.17%~100.79% | The volatility of the underlying asset, 1.00%~102.00% and Correlations -43.00%~92.00% |
Level 3 | Interest rates related | Derivative liabilities | ||
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items] | ||
Valuation technique | Option model (*1) | Option model (*1) |
Carrying value | ₩ 258,364 | ₩ 134,759 |
Significant unobservable inputs and range | The volatility of the underlying asset, 0.46%~0.78% Regression coefficient, 0.00%~0.54% and Correlations 0.00%~90.34% | The volatility of the underlying asset, 0.47%~40.00% Regression coefficient, 0.30%~0.63% and Correlations 20.13%~90.34% |
Financial risk management - Sen
Financial risk management - Sensitivity analysis for fair value measurements in Level 3 (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Financial assets | ||
Sensitivity analysis for fair value measurements in Level 3 [Line Items] | ||
Favorable Changes - Financial Assets | ₩ 94,842 | ₩ 103,649 |
Unfavorable Changes - Financial Assets | (93,091) | (91,123) |
Financial liabilities | ||
Sensitivity analysis for fair value measurements in Level 3 [Line Items] | ||
Favorable Changes - Financial Liabilities | 70,819 | 90,018 |
Unfavorable Changes - Financial Liabilities | (74,331) | (90,058) |
Effects on profit or loss for the period | Financial assets at fair value through profit or loss | ||
Sensitivity analysis for fair value measurements in Level 3 [Line Items] | ||
Favorable Changes - Financial Assets | 39,084 | 53,821 |
Unfavorable Changes - Financial Assets | (43,072) | (48,547) |
Effects on profit or loss for the period | Derivative assets | ||
Sensitivity analysis for fair value measurements in Level 3 [Line Items] | ||
Favorable Changes - Financial Assets | 16,893 | 23,011 |
Unfavorable Changes - Financial Assets | (11,809) | (21,532) |
Effects on profit or loss for the period | Financial liabilities designated at fair value through profit or loss | ||
Sensitivity analysis for fair value measurements in Level 3 [Line Items] | ||
Favorable Changes - Financial Liabilities | 45,493 | 72,042 |
Unfavorable Changes - Financial Liabilities | (50,845) | (71,690) |
Effects on profit or loss for the period | Derivative liabilities | ||
Sensitivity analysis for fair value measurements in Level 3 [Line Items] | ||
Favorable Changes - Financial Liabilities | 25,326 | 17,976 |
Unfavorable Changes - Financial Liabilities | (23,486) | (18,368) |
Effects on other comprehensive income for the period | Securities at fair value through other comprehensive income | ||
Sensitivity analysis for fair value measurements in Level 3 [Line Items] | ||
Favorable Changes - Financial Assets | 38,865 | 26,817 |
Unfavorable Changes - Financial Assets | ₩ (38,210) | ₩ (21,044) |
Financial risk management - Car
Financial risk management - Carrying value and the fair value of financial instruments measured at amortized cost (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Loans at amortized cost: | ||
Retails | ₩ 159,006,999 | ₩ 146,789,916 |
Corporations | 199,465,807 | 179,011,251 |
Credit card | 25,999,576 | 23,759,422 |
Securities at amortized cost: | ||
Other financial assets | 23,238,932 | 20,341,191 |
Borrowings debts: | ||
Borrowings | 43,167,065 | 41,594,064 |
Debts: | ||
Other financial liabilities | 29,880,879 | 34,129,626 |
Fair value | ||
Assets: | ||
Deposits at amortized cost | 24,216,932 | 31,607,122 |
Loans at amortized cost: | ||
Retails | 159,262,881 | 147,634,589 |
Corporations | 198,053,452 | 178,420,230 |
Public and other funding loans | 3,812,717 | 4,048,167 |
Loans between banks | 3,839,726 | 5,495,236 |
Credit card | 25,438,046 | 23,220,987 |
Loans measured at amortized cost | 390,406,822 | 358,819,209 |
Securities at amortized cost: | ||
Government bonds | 34,377,110 | 33,391,597 |
Financial institution bonds | 3,477,834 | 3,987,172 |
Debentures | 11,750,467 | 12,075,175 |
Securities at amortized cost | 49,605,411 | 49,453,944 |
Other financial assets | 23,389,209 | 20,359,778 |
Financial assets at amortized cost, Total | 487,618,374 | 460,240,053 |
Deposit liabilities: | ||
Demand deposits | 172,107,724 | 148,725,197 |
Time deposits | 161,301,409 | 157,936,969 |
Certificate of deposit | 16,606,894 | 5,965,139 |
Issued bill deposit | 5,817,844 | 6,226,855 |
CMA Deposits | 5,246,478 | 4,006,319 |
Others | 3,648,983 | 3,678,316 |
Deposit liabilities | 364,729,332 | 326,538,795 |
Borrowings debts: | ||
Call-money | 1,534,611 | 1,760,042 |
Bills sold | 9,019 | 10,696 |
Bonds sold under repurchase agreements | 10,709,115 | 11,065,584 |
Borrowings | 30,803,417 | 28,863,015 |
Borrowings debts | 43,056,162 | 41,699,337 |
Debts: | ||
Borrowings in won | 69,081,140 | 64,842,258 |
Borrowings in foreign currency | 11,076,757 | 11,262,332 |
Debt | 80,157,897 | 76,104,590 |
Other financial liabilities | 29,872,186 | 34,136,128 |
Financial liabilities at amortized cost, Total | 517,815,577 | 478,478,850 |
Carrying value | ||
Assets: | ||
Deposits at amortized cost | 24,232,013 | 31,605,262 |
Loans at amortized cost: | ||
Retails | 159,090,991 | 146,843,366 |
Corporations | 197,356,011 | 177,046,416 |
Public and other funding loans | 3,795,225 | 4,021,926 |
Loans between banks | 3,844,227 | 5,487,147 |
Credit card | 25,050,702 | 22,822,664 |
Loans measured at amortized cost | 389,137,156 | 356,221,519 |
Securities at amortized cost: | ||
Government bonds | 34,679,301 | 31,816,320 |
Financial institution bonds | 3,423,536 | 3,835,577 |
Debentures | 11,827,239 | 11,630,726 |
Securities at amortized cost | 49,930,076 | 47,282,623 |
Other financial assets | 23,238,932 | 20,341,191 |
Financial assets at amortized cost, Total | 486,538,177 | 455,450,595 |
Deposit liabilities: | ||
Demand deposits | 172,107,724 | 148,725,197 |
Time deposits | 161,498,901 | 157,833,891 |
Certificate of deposit | 16,576,536 | 5,946,704 |
Issued bill deposit | 5,818,001 | 6,226,937 |
CMA Deposits | 5,246,478 | 4,006,319 |
Others | 3,649,035 | 3,677,820 |
Deposit liabilities | 364,896,675 | 326,416,868 |
Borrowings debts: | ||
Call-money | 1,534,611 | 1,760,042 |
Bills sold | 9,032 | 10,706 |
Bonds sold under repurchase agreements | 10,709,115 | 11,065,584 |
Borrowings | 30,914,307 | 28,757,732 |
Borrowings debts | 43,167,065 | 41,594,064 |
Debts: | ||
Borrowings in won | 69,288,982 | 64,083,920 |
Borrowings in foreign currency | 10,860,381 | 11,050,474 |
Debt | 80,149,363 | 75,134,394 |
Other financial liabilities | 29,880,879 | 34,129,626 |
Financial liabilities at amortized cost, Total | 518,093,982 | 477,274,952 |
Level 1 | ||
Assets: | ||
Deposits at amortized cost | 252,474 | 779,759 |
Securities at amortized cost: | ||
Government bonds | 23,045,322 | 22,130,487 |
Financial institution bonds | 698,105 | 1,070,220 |
Securities at amortized cost | 23,743,427 | 23,200,707 |
Financial assets at amortized cost, Total | 23,995,901 | 23,980,466 |
Borrowings debts: | ||
Bonds sold under repurchase agreements | 95,400 | |
Borrowings debts | 95,400 | |
Debts: | ||
Financial liabilities at amortized cost, Total | 95,400 | |
Level 2 | ||
Assets: | ||
Deposits at amortized cost | 23,964,458 | 29,957,444 |
Loans at amortized cost: | ||
Loans between banks | 2,387,533 | 2,187,270 |
Loans measured at amortized cost | 2,387,533 | 2,187,270 |
Securities at amortized cost: | ||
Government bonds | 11,331,788 | 11,261,110 |
Financial institution bonds | 2,779,729 | 2,916,952 |
Debentures | 11,662,046 | 11,994,724 |
Securities at amortized cost | 25,773,563 | 26,172,786 |
Other financial assets | 14,200,356 | 8,661,345 |
Financial assets at amortized cost, Total | 66,325,910 | 66,978,845 |
Deposit liabilities: | ||
Demand deposits | 172,107,724 | 148,725,197 |
CMA Deposits | 5,246,478 | 4,006,319 |
Others | 3,553,942 | 3,534,696 |
Deposit liabilities | 180,908,144 | 156,266,212 |
Borrowings debts: | ||
Call-money | 1,534,611 | 1,760,042 |
Borrowings | 8,500 | |
Borrowings debts | 1,534,611 | 1,768,542 |
Debts: | ||
Borrowings in won | 38,474,804 | 35,740,750 |
Borrowings in foreign currency | 7,956,414 | 7,944,242 |
Debt | 46,431,218 | 43,684,992 |
Other financial liabilities | 9,413,875 | 10,383,020 |
Financial liabilities at amortized cost, Total | 238,287,848 | 212,102,766 |
Level 3 | ||
Assets: | ||
Deposits at amortized cost | 869,919 | |
Loans at amortized cost: | ||
Retails | 159,262,881 | 147,634,589 |
Corporations | 198,053,452 | 178,420,230 |
Public and other funding loans | 3,812,717 | 4,048,167 |
Loans between banks | 1,452,193 | 3,307,966 |
Credit card | 25,438,046 | 23,220,987 |
Loans measured at amortized cost | 388,019,289 | 356,631,939 |
Securities at amortized cost: | ||
Debentures | 88,421 | 80,451 |
Securities at amortized cost | 88,421 | 80,451 |
Other financial assets | 9,188,853 | 11,698,433 |
Financial assets at amortized cost, Total | 397,296,563 | 369,280,742 |
Deposit liabilities: | ||
Time deposits | 161,301,409 | 157,936,969 |
Certificate of deposit | 16,606,894 | 5,965,139 |
Issued bill deposit | 5,817,844 | 6,226,855 |
Others | 95,041 | 143,620 |
Deposit liabilities | 183,821,188 | 170,272,583 |
Borrowings debts: | ||
Bills sold | 9,019 | 10,696 |
Bonds sold under repurchase agreements | 10,709,115 | 10,970,184 |
Borrowings | 30,803,417 | 28,854,515 |
Borrowings debts | 41,521,551 | 39,835,395 |
Debts: | ||
Borrowings in won | 30,606,336 | 29,101,508 |
Borrowings in foreign currency | 3,120,343 | 3,318,090 |
Debt | 33,726,679 | 32,419,598 |
Other financial liabilities | 20,458,311 | 23,753,108 |
Financial liabilities at amortized cost, Total | ₩ 279,527,729 | ₩ 266,280,684 |
Financial risk management - V_3
Financial risk management - Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 517,815,577 | ₩ 478,383,450 |
Level 2 | Due from banks at amortized cost | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 23,964,458 | ₩ 29,957,444 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 2 | Loans at amortized cost | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 2,387,533 | ₩ 2,187,270 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate, credit spread, prepayment rate | Discount rate, credit spread, prepayment rate |
Level 2 | Securities at amortized cost | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 25,773,563 | ₩ 26,172,786 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 2 | Others | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 14,200,356 | ₩ 8,661,345 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 2 | Debt securities | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 46,431,218 | ₩ 43,684,992 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 2 | Others | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 9,413,875 | ₩ 10,383,020 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 2 | Borrowings | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 1,534,611 | ₩ 1,768,542 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 2 | Deposits | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 180,908,144 | ₩ 156,266,212 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 3 | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 463,622,473 | ₩ 436,259,587 |
Level 3 | Due from banks at amortized cost | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 869,919 | |
Valuation technique | DCF | |
Significant inputs | Discount rate | |
Level 3 | Loans at amortized cost | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 388,019,289 | ₩ 356,631,939 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate, credit spread, prepayment rate | Discount rate, credit spread, prepayment rate |
Level 3 | Securities at amortized cost | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 88,421 | ₩ 80,451 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 3 | Others | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 9,188,853 | ₩ 11,698,433 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 3 | Debt securities | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 33,726,679 | ₩ 32,419,598 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate, regression coefficient, correlation coefficient | Discount rate, regression coefficient, correlation coefficient |
Level 3 | Others | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 20,458,311 | ₩ 23,753,108 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 3 | Borrowings | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 41,521,551 | ₩ 39,835,395 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Level 3 | Deposits | ||
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items] | ||
Fair value | ₩ 183,821,188 | ₩ 170,272,583 |
Valuation technique | DCF | DCF |
Significant inputs | Discount rate | Discount rate |
Financial risk management - C_9
Financial risk management - Changes in gains or losses on valuation at the transaction date (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss [abstract] | ||
Beginning balance | ₩ (292,599) | ₩ (172,859) |
New transactions | (206,897) | (347,030) |
Recognized in profit for the year | 338,971 | 227,290 |
Ending balance | ₩ (160,525) | ₩ (292,599) |
Financial risk management - Cla
Financial risk management - Classification by categories of financial assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Classification by categories of financial assets [Line Items] | ||
Cash and due from banks at Amortized cost | ₩ 28,453,404 | ₩ 33,410,542 |
Due from banks at fair value through profit or loss | 34,262 | 63,112 |
Securities at fair value through profit or loss | 60,686,153 | 57,011,490 |
Derivative assets | 3,799,189 | 5,633,915 |
Loans at fair value through profit or loss | 1,683,344 | 2,016,801 |
Loans at amortized cost | 389,137,156 | 356,221,519 |
Securities at fair value through other comprehensive income | 64,838,323 | 58,316,112 |
Securities at amortized cost | 49,930,076 | 47,282,623 |
Others | 23,238,932 | 20,341,191 |
Financial assets, Total | 621,800,839 | 580,297,305 |
Financial assets at fair value through profit or loss | ||
Classification by categories of financial assets [Line Items] | ||
Cash and due from banks at Amortized cost | 0 | 0 |
Due from banks at fair value through profit or loss | 34,262 | 63,112 |
Securities at fair value through profit or loss | 60,686,153 | 57,011,490 |
Derivative assets | 3,574,126 | 5,157,412 |
Loans at fair value through profit or loss | 1,683,344 | 2,016,801 |
Loans at amortized cost | 0 | 0 |
Securities at fair value through other comprehensive income | 0 | 0 |
Securities at amortized cost | 0 | 0 |
Others | 0 | 0 |
Financial assets, Total | 65,977,885 | 64,248,815 |
Securities at fair value through other comprehensive income | ||
Classification by categories of financial assets [Line Items] | ||
Cash and due from banks at Amortized cost | 0 | 0 |
Due from banks at fair value through profit or loss | 0 | 0 |
Securities at fair value through profit or loss | 0 | 0 |
Derivative assets | 0 | 0 |
Loans at fair value through profit or loss | 0 | 0 |
Loans at amortized cost | 0 | 0 |
Securities at fair value through other comprehensive income | 64,838,323 | 58,316,112 |
Securities at amortized cost | 0 | 0 |
Others | 0 | 0 |
Financial assets, Total | 64,838,323 | 58,316,112 |
Securities at amortized cost | ||
Classification by categories of financial assets [Line Items] | ||
Cash and due from banks at Amortized cost | 28,453,404 | 33,410,542 |
Due from banks at fair value through profit or loss | 0 | 0 |
Securities at fair value through profit or loss | 0 | 0 |
Derivative assets | 0 | 0 |
Loans at fair value through profit or loss | 0 | 0 |
Loans at amortized cost | 389,137,156 | 356,221,519 |
Securities at fair value through other comprehensive income | 0 | 0 |
Securities at amortized cost | 49,930,076 | 47,282,623 |
Others | 23,238,932 | 20,341,191 |
Financial assets, Total | 490,759,568 | 457,255,875 |
Derivative instruments held for hedging | ||
Classification by categories of financial assets [Line Items] | ||
Cash and due from banks at Amortized cost | 0 | 0 |
Due from banks at fair value through profit or loss | 0 | 0 |
Securities at fair value through profit or loss | 0 | 0 |
Derivative assets | 225,063 | 476,503 |
Loans at fair value through profit or loss | 0 | 0 |
Loans at amortized cost | 0 | 0 |
Securities at fair value through other comprehensive income | 0 | 0 |
Securities at amortized cost | 0 | 0 |
Others | 0 | 0 |
Financial assets, Total | ₩ 225,063 | ₩ 476,503 |
Financial risk management - _10
Financial risk management - Classification by categories of financial liabilities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Classification by categories of financial liabilities [Line Items] | ||
Deposits | ₩ 364,896,675 | ₩ 326,416,868 |
Financial liabilities at fair value through profit or loss | 1,369,225 | 1,436,694 |
Financial liabilities designated at fair value through profit or loss | 8,023,870 | 8,455,724 |
Derivative liabilities | 3,586,564 | 5,016,567 |
Borrowings | 43,167,065 | 41,594,064 |
Bonds issued | 80,149,363 | 75,134,394 |
Others | 29,880,879 | 34,129,626 |
Financial liabilities, Total | 531,073,641 | 492,183,937 |
Financial liabilities at fair value through profit or loss | ||
Classification by categories of financial liabilities [Line Items] | ||
Deposits | 0 | 0 |
Financial liabilities at fair value through profit or loss | 1,369,225 | 1,436,694 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 |
Derivative liabilities | 3,207,755 | 4,680,064 |
Borrowings | 0 | 0 |
Bonds issued | 0 | 0 |
Others | 0 | 0 |
Financial liabilities, Total | 4,576,980 | 6,116,758 |
Financial liabilities designated at fair value through profit or loss | ||
Classification by categories of financial liabilities [Line Items] | ||
Deposits | 0 | 0 |
Financial liabilities at fair value through profit or loss | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 8,023,870 | 8,455,724 |
Derivative liabilities | 0 | 0 |
Borrowings | 0 | 0 |
Bonds issued | 0 | 0 |
Others | 0 | 0 |
Financial liabilities, Total | 8,023,870 | 8,455,724 |
Financial liabilities measured at amortized cost | ||
Classification by categories of financial liabilities [Line Items] | ||
Deposits | 364,896,675 | 326,416,868 |
Financial liabilities at fair value through profit or loss | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 |
Derivative liabilities | 0 | 0 |
Borrowings | 43,167,065 | 41,594,064 |
Bonds issued | 80,149,363 | 75,134,394 |
Others | 29,880,879 | 34,129,626 |
Financial liabilities, Total | 518,093,982 | 477,274,952 |
Derivative instruments held for hedging | ||
Classification by categories of financial liabilities [Line Items] | ||
Deposits | 0 | 0 |
Financial liabilities at fair value through profit or loss | 0 | 0 |
Financial liabilities designated at fair value through profit or loss | 0 | 0 |
Derivative liabilities | 378,809 | 336,503 |
Borrowings | 0 | 0 |
Bonds issued | 0 | 0 |
Others | 0 | 0 |
Financial liabilities, Total | ₩ 378,809 | ₩ 336,503 |
Financial risk management - Sum
Financial risk management - Summary of transfers that do not qualify for derecognition (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Securities at FVTPL | ||
Transfers that do not qualify for derecognition [Line Items] | ||
Transferred financial assets | ₩ 9,883,335 | ₩ 8,915,488 |
Bonds sold under repurchase agreements | ||
Transfers that do not qualify for derecognition [Line Items] | ||
Transferred financial assets | 10,741,366 | 10,759,778 |
Associated financial liabilities | 10,709,115 | 11,075,004 |
Securities at fair value through other comprehensive income | ||
Transfers that do not qualify for derecognition [Line Items] | ||
Transferred financial assets | 647,541 | 1,638,651 |
Securities at amortized cost | ||
Transfers that do not qualify for derecognition [Line Items] | ||
Transferred financial assets | 210,490 | 205,639 |
Securities loaned | ||
Transfers that do not qualify for derecognition [Line Items] | ||
Transferred financial assets | 9,262,617 | 3,533,713 |
Government | ||
Transfers that do not qualify for derecognition [Line Items] | ||
Transferred financial assets | 9,044,914 | 3,213,719 |
Financial institutions | ||
Transfers that do not qualify for derecognition [Line Items] | ||
Transferred financial assets | 209,594 | 220,324 |
Equity securities | ||
Transfers that do not qualify for derecognition [Line Items] | ||
Transferred financial assets | ₩ 8,109 | ₩ 99,670 |
Financial risk management - S_2
Financial risk management - Summary of offsetting financial assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Net amounts of financial assets presented: | ||
Gross amounts of recognized financial assets | ₩ 79,117,494 | ₩ 68,241,095 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 41,649,523 | 32,291,342 |
Net amounts of financial assets presented in the statement of financial position | 37,467,971 | 35,949,753 |
Related amounts not set off in the statement of financial position (Financial instruments) | 27,489,704 | 18,958,439 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 409,487 | 314,328 |
Net amount | 9,568,780 | 16,676,986 |
Derivatives | ||
Net amounts of financial assets presented: | ||
Gross amounts of recognized financial assets | 3,821,253 | 5,361,225 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 0 |
Net amounts of financial assets presented in the statement of financial position | 3,821,253 | 5,361,225 |
Derivatives and other financial instruments | ||
Net amounts of financial assets presented: | ||
Gross amounts of recognized financial assets | 7,873,305 | 18,033,663 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 6,502,695 |
Net amounts of financial assets presented in the statement of financial position | 7,873,305 | 11,530,968 |
Related amounts not set off in the statement of financial position (Financial instruments) | 9,509,183 | 4,448,496 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 409,487 | 314,328 |
Net amount | 1,775,888 | 12,129,369 |
Bonds sold under repurchase agreements | ||
Net amounts of financial assets presented: | ||
Gross amounts of recognized financial assets | 12,749,800 | 13,694,305 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 0 |
Net amounts of financial assets presented in the statement of financial position | 12,749,800 | 13,694,305 |
Related amounts not set off in the statement of financial position (Financial instruments) | 12,618,359 | 13,185,633 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | 131,441 | 508,672 |
Securities loaned | ||
Net amounts of financial assets presented: | ||
Gross amounts of recognized financial assets | 2,648,248 | 1,202,494 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 0 |
Net amounts of financial assets presented in the statement of financial position | 2,648,248 | 1,202,494 |
Related amounts not set off in the statement of financial position (Financial instruments) | 2,648,248 | 1,202,494 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | 0 | 0 |
Domestic exchange settlement debit | ||
Net amounts of financial assets presented: | ||
Gross amounts of recognized financial assets | 44,872,022 | 29,911,693 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 38,171,649 | 25,785,507 |
Net amounts of financial assets presented in the statement of financial position | 6,700,373 | 4,126,186 |
Related amounts not set off in the statement of financial position (Financial instruments) | 0 | 116,290 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | 6,700,373 | 4,009,896 |
Receivables from disposal of securities | ||
Net amounts of financial assets presented: | ||
Gross amounts of recognized financial assets | 7,082,779 | 29,341 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 3,477,874 | 3,140 |
Net amounts of financial assets presented in the statement of financial position | 3,604,905 | 26,201 |
Related amounts not set off in the statement of financial position (Financial instruments) | 2,668,065 | 0 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | 936,840 | 26,201 |
Insurance receivables | ||
Net amounts of financial assets presented: | ||
Gross amounts of recognized financial assets | 70,087 | 8,374 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 0 |
Net amounts of financial assets presented in the statement of financial position | 70,087 | 8,374 |
Related amounts not set off in the statement of financial position (Financial instruments) | 45,849 | 5,526 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | ₩ 24,238 | ₩ 2,848 |
Financial risk management - S_3
Financial risk management - Summary of offsetting financial liabilities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Net amounts of financial liabilities presented: | ||
Gross amounts of recognized financial liabilities | ₩ 76,856,634 | ₩ 74,071,526 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 41,649,523 | 32,291,342 |
Net amounts of financial liabilities presented in the statement of financial position | 35,207,111 | 41,780,184 |
Related amounts not set off in the statement of financial position (Financial instruments) | 25,898,701 | 20,753,569 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 1,000 | 1,000 |
Net amount | 9,307,410 | 21,025,615 |
Derivatives | ||
Net amounts of financial liabilities presented: | ||
Gross amounts of recognized financial liabilities | 11,434,081 | 13,153,952 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 0 |
Net amounts of financial liabilities presented in the statement of financial position | 11,434,081 | 13,153,952 |
Derivatives and other financial instruments | ||
Net amounts of financial liabilities presented: | ||
Gross amounts of recognized financial liabilities | 6,781,044 | 17,340,722 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 6,502,695 |
Net amounts of financial liabilities presented in the statement of financial position | 6,781,044 | 10,838,027 |
Related amounts not set off in the statement of financial position (Financial instruments) | 10,093,812 | 5,490,974 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 1,000 | 1,000 |
Net amount | 8,120,313 | 18,500,005 |
Bonds sold under repurchase agreements | ||
Net amounts of financial liabilities presented: | ||
Gross amounts of recognized financial liabilities | 10,709,115 | 11,065,584 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 0 |
Net amounts of financial liabilities presented in the statement of financial position | 10,709,115 | 11,065,584 |
Related amounts not set off in the statement of financial position (Financial instruments) | 10,492,779 | 10,260,684 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | 216,336 | 804,900 |
Securities borrowed | ||
Net amounts of financial liabilities presented: | ||
Gross amounts of recognized financial liabilities | 787,767 | 897,129 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 0 |
Net amounts of financial liabilities presented in the statement of financial position | 787,767 | 897,129 |
Related amounts not set off in the statement of financial position (Financial instruments) | 787,767 | 897,129 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | 0 | 0 |
Domestic exchange settlement pending | ||
Net amounts of financial liabilities presented: | ||
Gross amounts of recognized financial liabilities | 40,062,057 | 31,605,249 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 38,171,649 | 25,785,507 |
Net amounts of financial liabilities presented in the statement of financial position | 1,890,408 | 5,819,742 |
Related amounts not set off in the statement of financial position (Financial instruments) | 1,809,727 | 4,099,248 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | 80,681 | 1,720,494 |
Payable from purchase of securities | ||
Net amounts of financial liabilities presented: | ||
Gross amounts of recognized financial liabilities | 7,036,630 | 3,148 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 3,477,874 | 3,140 |
Net amounts of financial liabilities presented in the statement of financial position | 3,558,756 | 8 |
Related amounts not set off in the statement of financial position (Financial instruments) | 2,668,767 | 8 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | 889,989 | 0 |
Insurance payables | ||
Net amounts of financial liabilities presented: | ||
Gross amounts of recognized financial liabilities | 45,940 | 5,742 |
Gross amounts of recognized financial liabilities set off in the statement of financial position | 0 | 0 |
Net amounts of financial liabilities presented in the statement of financial position | 45,940 | 5,742 |
Related amounts not set off in the statement of financial position (Financial instruments) | 45,849 | 5,526 |
Related amounts not set off in the statement of financial position (Cash collateral received) | 0 | 0 |
Net amount | ₩ 91 | ₩ 216 |
Financial risk management - S_4
Financial risk management - Summary of offsetting financial liabilities (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Offsetting financial liabilities [Line Items] | ||
Financial liabilities | ₩ 531,073,641 | ₩ 492,183,937 |
Financial assets pledged as collateral for liabilities | 717,841 | 1,087,349 |
Equity and Derivative Linked Securities | ||
Offsetting financial liabilities [Line Items] | ||
Financial liabilities | 8,023,870 | 8,455,724 |
Other Party | ||
Offsetting financial liabilities [Line Items] | ||
Financial liabilities | ₩ 445,128 | ₩ 693,017 |
Financial risk management - S_5
Financial risk management - Summary of the capital adequacy ratio of the Group (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] | ||
Tier I common equity capital | ₩ 35,469,554 | ₩ 32,461,864 |
Additional tier 1 capital | 4,965,931 | 3,805,372 |
Tier I capital | 40,435,485 | 36,267,236 |
Tier II capital | 3,427,951 | 3,441,841 |
Total capital (A) | 43,863,436 | 39,709,077 |
Total risk-weighted assets (B) | ₩ 270,692,183 | ₩ 252,321,426 |
Capital adequacy ratio (A/B) | 16.20% | 15.74% |
Tier I capital adequacy ratio | 14.94% | 14.37% |
Common equity capital adequacy ratio | 13.10% | 12.87% |
Financial risk management - Add
Financial risk management - Additional Information (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial risk management [Line Items] | ||
Addition of capital conservation capital points | 2.50% | |
Addtion of domestic system critical bank capital points | 1.00% | |
Addition of economic response capital points | 2.50% | |
Financial assets related securitization transactions neither transferred nor derecognized | ₩ 11,529,634 | ₩ 11,355,488 |
Financial liabilities related securitization transactions neither transferred nor derecognized | ₩ 8,284,109 | ₩ 8,351,211 |
Bottom of range [member] | ||
Disclosure of financial risk management [Line Items] | ||
Minimum BIS capital ratio | 11.50% | |
Capital conservation capital points | 2.50% | |
Domestic system critical bank capital points | 1.00% | |
Economic resource capital points | 0.00% | |
Top of range [member] | ||
Disclosure of financial risk management [Line Items] | ||
Economic response capital to be charged during credit expansion | 2.50% | |
Criteria For Capital Adequacy To Be complied With [Member] | ||
Disclosure of financial risk management [Line Items] | ||
Equity capital ratio | 8.00% | |
Basic capital ratio | 6.00% | |
Common stock capital ratio | 4.50% | |
Increase in BIS capital ratio | 14.00% |
Investment in subsidiaries - Co
Investment in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | ₩ 648,152,185 | ₩ 605,234,104 | ||
Total liabilities | 598,613,763 | 558,877,246 | ||
Total equity | 49,538,422 | 46,356,858 | ₩ 41,930,381 | ₩ 36,651,430 |
Shinhan Financial Group (Separate) | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 36,815,893 | 35,483,914 | ||
Total liabilities | 10,410,517 | 10,426,817 | ||
Total equity | 26,405,376 | 25,057,097 | ||
Shinhan Bank Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 467,435,213 | 427,675,103 | ||
Total liabilities | 438,199,575 | 400,009,589 | ||
Total equity | 29,235,638 | 27,665,514 | ||
Shinhan Card Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 38,472,228 | 34,885,223 | ||
Total liabilities | 31,737,225 | 28,465,675 | ||
Total equity | 6,735,003 | 6,419,548 | ||
Shinhan Investment Corp. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 44,446,803 | 46,632,433 | ||
Total liabilities | 39,421,314 | 42,258,341 | ||
Total equity | 5,025,489 | 4,374,092 | ||
Shinhan Life Insurance Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 70,535,556 | 36,777,496 | ||
Total liabilities | 65,382,992 | 34,232,052 | ||
Total equity | 5,152,564 | 2,545,444 | ||
Orange Life Insurance Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 0 | 33,813,587 | ||
Total liabilities | 0 | 30,574,073 | ||
Total equity | 0 | 3,239,514 | ||
Shinhan Capital Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 10,921,698 | 8,901,349 | ||
Total liabilities | 9,189,041 | 7,710,010 | ||
Total equity | 1,732,657 | 1,191,339 | ||
Jeju Bank | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 6,944,214 | 6,531,838 | ||
Total liabilities | 6,428,269 | 6,022,397 | ||
Total equity | 515,945 | 509,441 | ||
Shinhan Credit Information Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 31,377 | 27,806 | ||
Total liabilities | 12,334 | 10,826 | ||
Total equity | 19,043 | 16,980 | ||
Shinhan Alternative Investment Management Inc. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 114,973 | 87,053 | ||
Total liabilities | 70,449 | 71,591 | ||
Total equity | 44,524 | 15,462 | ||
Shinhan Asset Management Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 242,760 | 191,127 | ||
Total liabilities | 40,181 | 20,530 | ||
Total equity | 202,579 | 170,597 | ||
SHC Management Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 9,636 | 9,644 | ||
Total liabilities | 0 | |||
Total equity | 9,636 | 9,644 | ||
Shinhan DS | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 92,591 | 95,150 | ||
Total liabilities | 52,804 | 70,916 | ||
Total equity | 39,787 | 24,234 | ||
Shinhan Savings Bank | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 2,644,942 | 1,842,231 | ||
Total liabilities | 2,413,176 | 1,635,433 | ||
Total equity | 231,766 | 206,798 | ||
Asia Trust Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 373,267 | 259,899 | ||
Total liabilities | 122,038 | 85,274 | ||
Total equity | 251,229 | 174,625 | ||
Shinhan AITAS Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 90,116 | 87,378 | ||
Total liabilities | 9,786 | 12,159 | ||
Total equity | 80,330 | 75,219 | ||
Shinhan REITs Management Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 63,026 | 52,555 | ||
Total liabilities | 10,584 | 8,582 | ||
Total equity | 52,442 | 43,973 | ||
Shinhan AI Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 44,031 | 42,903 | ||
Total liabilities | 2,563 | 1,890 | ||
Total equity | 41,468 | 41,013 | ||
Shinhan Venture Investment Co., Ltd. | ||||
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items] | ||||
Total assets | 98,914 | 72,550 | ||
Total liabilities | 23,331 | 12,697 | ||
Total equity | ₩ 75,583 | ₩ 59,853 |
Investment in subsidiaries - _2
Investment in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Net income | ₩ 4,112,628 | ₩ 3,498,076 | ₩ 3,642,384 |
Total comprehensive income | 3,494,839 | 3,324,232 | 4,208,294 |
Shinhan Financial Group (Separate) | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 1,875,675 | 1,718,407 | 1,480,030 |
Net income | 1,413,956 | 1,274,443 | 1,129,173 |
Total comprehensive income | 1,413,675 | 1,274,892 | 1,127,202 |
Shinhan Bank Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 23,540,347 | 25,049,392 | 23,145,476 |
Net income | 2,494,894 | 2,078,232 | 2,329,268 |
Total comprehensive income | 2,396,829 | 1,911,575 | 2,527,665 |
Shinhan Card Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 4,359,627 | 4,091,178 | 3,892,257 |
Net income | 676,297 | 606,554 | 509,032 |
Total comprehensive income | 710,090 | 599,451 | 486,114 |
Shinhan Investment Corp. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 7,592,350 | 9,290,965 | 6,139,926 |
Net income | 320,662 | 154,531 | 220,764 |
Total comprehensive income | 366,000 | 147,210 | 225,963 |
Shinhan Life Insurance Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 7,079,569 | 5,405,933 | 5,413,175 |
Net income | 174,811 | 177,834 | 123,870 |
Total comprehensive income | (162,161) | 227,596 | 326,783 |
Orange Life Insurance Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 2,112,353 | 4,456,340 | 4,662,085 |
Net income | 216,826 | 279,282 | 271,455 |
Total comprehensive income | (96,157) | 132,425 | 433,510 |
Shinhan Capital Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 783,890 | 626,455 | 455,246 |
Net income | 274,855 | 160,583 | 126,050 |
Total comprehensive income | 275,760 | 162,134 | 123,032 |
Jeju Bank | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 204,543 | 214,615 | 239,732 |
Net income | 18,446 | 17,521 | 27,934 |
Total comprehensive income | 11,739 | 16,557 | 30,519 |
Shinhan Credit Information Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 42,417 | 42,658 | 38,648 |
Net income | 1,936 | 1,493 | 507 |
Total comprehensive income | 2,079 | 1,650 | 658 |
Shinhan Alternative Investment Management Inc. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 28,010 | 17,219 | 32,401 |
Net income | 9,163 | 3,433 | 2,144 |
Total comprehensive income | 9,163 | 3,433 | 2,144 |
Shinhan Asset Management Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 107,598 | 88,870 | 84,256 |
Net income | 32,152 | 26,663 | 23,090 |
Total comprehensive income | 32,066 | 26,663 | 22,655 |
SHC Management Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 0 | 70 | 154 |
Net income | (7) | 5 | 82 |
Total comprehensive income | (7) | 5 | 82 |
Shinhan DS | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 244,445 | 164,327 | 138,697 |
Net income | 4,100 | 1,862 | 2,074 |
Total comprehensive income | 5,653 | 2,845 | 1,292 |
Shinhan Savings Bank | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 163,643 | 123,590 | 116,849 |
Net income | 30,310 | 26,953 | 23,122 |
Total comprehensive income | 30,037 | 26,888 | 22,972 |
Asia Trust Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 144,971 | 102,816 | 54,920 |
Net income | 76,455 | 45,791 | 18,098 |
Total comprehensive income | 76,604 | 45,765 | 18,128 |
Shinhan AITAS Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 53,005 | 58,599 | 51,823 |
Net income | 9,816 | 13,020 | 10,821 |
Total comprehensive income | 9,816 | 12,954 | 10,821 |
Shinhan REITs Management Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 16,440 | 12,176 | 7,342 |
Net income | 8,481 | 3,764 | 7,414 |
Total comprehensive income | 8,469 | 3,764 | 7,411 |
Shinhan AI Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 12,106 | 10,246 | 3,088 |
Net income | 478 | 304 | (654) |
Total comprehensive income | 455 | 284 | (654) |
Shinhan Venture Investment Co., Ltd. | |||
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items] | |||
Operating income | 32,134 | 3,500 | 0 |
Net income | 15,929 | (1,146) | 0 |
Total comprehensive income | ₩ 15,750 | ₩ (1,015) | ₩ 0 |
Operating segments - Informatio
Operating segments - Information of income and expense for each operating segment (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | ₩ 10,769,325 | ₩ 9,882,700 | ₩ 9,737,964 | |
Net fees and commission income | 2,674,997 | 2,382,933 | 2,140,519 | |
Reversal of (provision for) allowance for credit loss | (974,685) | (1,382,179) | (980,692) | |
General and administrative expenses | (5,743,088) | (5,212,473) | (5,134,674) | |
Other income (expense), net | (774,453) | (741,245) | (716,867) | |
Operating income | 5,952,096 | 4,929,736 | 5,046,250 | |
Equity method income (loss) | 158,600 | 159,533 | 53,287 | |
Income tax expense (benefit) | 1,471,036 | 1,255,795 | 1,269,124 | |
Profit for the year | 4,112,628 | 3,498,076 | 3,642,384 | |
Controlling interest | 4,019,254 | 3,414,595 | 3,403,497 | |
Non-controlling interests | 93,374 | 83,481 | 238,887 | |
External customers | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | [1] | 10,769,325 | 9,882,700 | 9,737,964 |
Net fees and commission income | 2,674,997 | 2,382,933 | 2,140,519 | |
Internal transactions | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 0 | 0 | 0 | |
Net fees and commission income | 0 | 0 | 0 | |
Banks | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 6,738,165 | 6,037,632 | 5,989,462 | |
Net fees and commission income | 818,426 | 822,408 | 950,389 | |
Reversal of (provision for) allowance for credit loss | (364,291) | (690,084) | (389,004) | |
General and administrative expenses | (3,409,144) | (3,237,641) | (3,177,158) | |
Other income (expense), net | (305,508) | (130,488) | (211,882) | |
Operating income | 3,477,648 | 2,801,827 | 3,161,807 | |
Equity method income (loss) | 25,401 | (811) | (764) | |
Income tax expense (benefit) | 821,201 | 673,972 | 718,650 | |
Profit for the year | 2,417,880 | 1,999,002 | 2,256,652 | |
Controlling interest | 2,417,361 | 1,998,563 | 2,256,576 | |
Non-controlling interests | 519 | 439 | 76 | |
Banks | External customers | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | [1] | 6,741,279 | 6,037,205 | 5,995,097 |
Net fees and commission income | 863,879 | 859,225 | 974,636 | |
Banks | Internal transactions | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | (3,114) | 427 | (5,635) | |
Net fees and commission income | (45,453) | (36,817) | (24,247) | |
Credit card | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 1,799,153 | 1,755,039 | 1,753,966 | |
Net fees and commission income | 634,716 | 483,486 | 403,259 | |
Reversal of (provision for) allowance for credit loss | (442,668) | (483,883) | (566,415) | |
General and administrative expenses | (790,733) | (698,796) | (745,848) | |
Other income (expense), net | (179,695) | (169,304) | (33,204) | |
Operating income | 1,020,773 | 886,542 | 811,758 | |
Equity method income (loss) | (1,109) | 0 | 0 | |
Income tax expense (benefit) | 266,798 | 251,357 | 205,863 | |
Profit for the year | 771,757 | 703,305 | 609,582 | |
Controlling interest | 770,457 | 703,204 | 609,350 | |
Non-controlling interests | 1,300 | 101 | 232 | |
Credit card | External customers | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | [1] | 1,849,209 | 1,809,149 | 1,781,266 |
Net fees and commission income | 681,129 | 531,394 | 436,523 | |
Credit card | Internal transactions | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | (50,056) | (54,110) | (27,300) | |
Net fees and commission income | (46,413) | (47,908) | (33,264) | |
Securities | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 517,296 | 517,044 | 457,852 | |
Net fees and commission income | 601,793 | 544,183 | 351,303 | |
Reversal of (provision for) allowance for credit loss | (80,134) | (111,796) | 1,325 | |
General and administrative expenses | (696,278) | (565,485) | (511,418) | |
Other income (expense), net | 234,209 | (11,348) | (59,006) | |
Operating income | 576,886 | 372,598 | 240,056 | |
Equity method income (loss) | 65,341 | 37,760 | 18,163 | |
Income tax expense (benefit) | 94,864 | 48,464 | 68,311 | |
Profit for the year | 320,662 | 154,531 | 220,764 | |
Controlling interest | 320,783 | 154,772 | 220,850 | |
Non-controlling interests | (121) | (241) | (86) | |
Securities | External customers | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | [1] | 534,969 | 526,167 | 450,268 |
Net fees and commission income | 615,414 | 553,308 | 361,526 | |
Securities | Internal transactions | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | (17,673) | (9,123) | 7,584 | |
Net fees and commission income | (13,621) | (9,125) | (10,223) | |
Life insurance | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 1,620,266 | 1,608,953 | 1,647,795 | |
Net fees and commission income | 170,781 | 162,284 | 167,324 | |
Reversal of (provision for) allowance for credit loss | (21,760) | (12,236) | (797) | |
General and administrative expenses | (557,292) | (463,439) | (443,013) | |
Other income (expense), net | (660,416) | (727,530) | (786,103) | |
Operating income | 551,579 | 568,032 | 585,206 | |
Equity method income (loss) | (739) | (1,244) | (1,296) | |
Income tax expense (benefit) | 139,106 | 156,698 | 187,608 | |
Profit for the year | 391,637 | 457,116 | 395,325 | |
Controlling interest | 391,637 | 457,116 | 395,325 | |
Non-controlling interests | 0 | 0 | 0 | |
Life insurance | External customers | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | [1] | 1,617,186 | 1,605,575 | 1,647,988 |
Net fees and commission income | 181,345 | 173,865 | 175,171 | |
Life insurance | Internal transactions | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 3,080 | 3,378 | (193) | |
Net fees and commission income | (10,564) | (11,581) | (7,847) | |
Credit | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 231,679 | 158,817 | 127,094 | |
Net fees and commission income | 28,812 | 21,346 | 11,160 | |
Reversal of (provision for) allowance for credit loss | (34,064) | (63,429) | 747 | |
General and administrative expenses | (80,056) | (58,494) | (47,734) | |
Other income (expense), net | 194,564 | 120,735 | 64,273 | |
Operating income | 340,935 | 178,975 | 155,540 | |
Equity method income (loss) | 29,644 | 32,133 | 11,886 | |
Income tax expense (benefit) | 94,329 | 49,211 | 40,009 | |
Profit for the year | 274,855 | 160,583 | 126,050 | |
Controlling interest | 274,855 | 160,583 | 126,050 | |
Non-controlling interests | 0 | 0 | 0 | |
Credit | External customers | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | [1] | 241,035 | 169,192 | 137,179 |
Net fees and commission income | 27,351 | 22,381 | 12,241 | |
Credit | Internal transactions | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | (9,356) | (10,375) | (10,085) | |
Net fees and commission income | 1,461 | (1,035) | (1,081) | |
Others | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 68,991 | 7,805 | 470 | |
Net fees and commission income | 415,212 | 347,004 | 261,084 | |
Reversal of (provision for) allowance for credit loss | (35,421) | (22,522) | (25,777) | |
General and administrative expenses | (366,149) | (314,097) | (287,356) | |
Other income (expense), net | 177,912 | 140,138 | 64,999 | |
Operating income | 260,545 | 158,328 | 13,420 | |
Equity method income (loss) | 16,201 | (2,489) | 379 | |
Income tax expense (benefit) | 71,120 | 44,883 | 33,204 | |
Profit for the year | 205,880 | 112,992 | (25,791) | |
Controlling interest | 205,880 | 112,992 | (25,791) | |
Non-controlling interests | 0 | 0 | 0 | |
Others | External customers | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | [1] | 781 | (54,902) | (34,018) |
Net fees and commission income | 305,879 | 242,760 | 180,422 | |
Others | Internal transactions | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 68,210 | 62,707 | 34,488 | |
Net fees and commission income | 109,333 | 104,244 | 80,662 | |
Consolidation adjustment | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | (206,225) | (202,590) | (238,675) | |
Net fees and commission income | 5,257 | 2,222 | (4,000) | |
Reversal of (provision for) allowance for credit loss | 3,653 | 1,771 | (771) | |
General and administrative expenses | 156,564 | 125,479 | 77,853 | |
Other income (expense), net | (235,519) | 36,552 | 244,056 | |
Operating income | (276,270) | (36,566) | 78,463 | |
Equity method income (loss) | 23,861 | 94,184 | 24,919 | |
Income tax expense (benefit) | (16,382) | 31,210 | 15,479 | |
Profit for the year | (270,043) | (89,453) | 59,802 | |
Controlling interest | (361,719) | (172,635) | (178,863) | |
Non-controlling interests | 91,676 | 83,182 | 238,665 | |
Consolidation adjustment | External customers | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | [1] | (215,134) | (209,686) | (239,816) |
Net fees and commission income | 0 | 0 | 0 | |
Consolidation adjustment | Internal transactions | ||||
Information of income and expense for each operating segment [Line Items] | ||||
Net interest income | 8,909 | 7,096 | 1,141 | |
Net fees and commission income | ₩ 5,257 | ₩ 2,222 | ₩ (4,000) | |
[1] | Consolidated adjustment to net interest income from external customers is from the securities and others which were measured in fair values as a part of business combination accounting. |
Operating segments - Financial
Operating segments - Financial information of geographical area (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Financial information of geographical area [Line Items] | |||
Operating income | ₩ 5,952,096 | ₩ 4,929,736 | ₩ 5,046,250 |
Non-current assets | 10,366,337 | 10,085,551 | |
Domestic | |||
Financial information of geographical area [Line Items] | |||
Operating income | 5,404,278 | 4,436,252 | 4,378,239 |
Non-current assets | 10,029,650 | 9,734,468 | |
Overseas | |||
Financial information of geographical area [Line Items] | |||
Operating income | 547,818 | 493,484 | ₩ 668,011 |
Non-current assets | ₩ 336,687 | ₩ 351,083 |
Cash and due from banks at am_3
Cash and due from banks at amortized cost (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Cash and cash equivalents : | ||
Cash | ₩ 4,194,831 | ₩ 1,782,301 |
Cash equivalents | 26,560 | 22,979 |
Cash and cash equivalents, total | 4,221,391 | 1,805,280 |
Due from banks at amortized cost : | ||
Allowance for credit losses | (17,723) | (10,007) |
Cash and Due from banks at amortized cost, total | 28,453,404 | 33,410,542 |
Denominated in Korean won | ||
Due from banks at amortized cost : | ||
Reserve deposits | 9,851,064 | 16,957,521 |
Time deposits | 892,053 | 950,624 |
Other | 2,701,873 | 3,953,337 |
Due From Banks At Amortized Cost, Total | 13,444,990 | 21,861,482 |
Denominated in foreign currency | ||
Due from banks at amortized cost : | ||
Deposits | 6,731,190 | 5,576,206 |
Time deposits | 2,148,955 | 2,721,849 |
Other | 1,924,601 | 1,455,732 |
Due From Banks At Amortized Cost, Total | ₩ 10,804,746 | ₩ 9,753,787 |
Cash and due from banks at am_4
Cash and due from banks at amortized cost - Restricted due from banks at amortized cost (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Restricted due from banks at amortized cost [Line Items] | |||
Restricted due from banks at amortized cost, total | ₩ 13,896,642 | ₩ 21,969,411 | ₩ 16,506,925 |
Denominated in Korean won | |||
Restricted due from banks at amortized cost [Line Items] | |||
Reserve deposits | 9,851,064 | 16,957,521 | |
Other | 1,174,670 | 2,390,761 | |
Restricted due from banks at amortized cost, total | 11,025,734 | 19,348,282 | |
Denominated in foreign currency | |||
Restricted due from banks at amortized cost [Line Items] | |||
Deposits | ₩ 2,870,908 | ₩ 2,621,129 |
Financial assets at fair valu_3
Financial assets at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | ₩ 62,403,759 | ₩ 59,091,403 | |
Debt securities | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 58,227,147 | 55,086,692 | |
Government | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 3,961,045 | 4,248,448 | |
Financial institutions | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 13,449,550 | 13,997,922 | |
Corporation | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 9,618,302 | 9,356,842 | |
Stocks with put option | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 627,275 | 583,590 | |
Equity investment with put option | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 2,625,297 | 1,860,195 | |
Beneficiary certificates | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 13,386,212 | 12,451,709 | |
Commercial Papers | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 7,042,045 | 6,369,854 | |
CMA | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 3,591,822 | 2,806,485 | |
Others | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | [1] | 3,925,599 | 3,411,647 |
Equity securities | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 2,375,315 | 1,736,459 | |
Stocks | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 2,182,829 | 1,627,020 | |
Equity investments | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 12,962 | 1,697 | |
Others | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 179,524 | 107,742 | |
Exclude other instruments | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 60,602,462 | 56,823,151 | |
Others | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 62,403,759 | 59,091,403 | |
Loans at FVTPL | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 1,683,344 | 2,016,801 | |
Due from banks at fair value | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | 34,262 | 63,112 | |
Gold and silver deposits | |||
Financial assets at fair value through profit or loss [Line Items] | |||
Financial assets at fair value through profit or loss | ₩ 83,691 | ₩ 188,339 | |
[1] | As of December 31, 2020 and 2021, restricted reserve for claims of customers’ deposits (trusts) are W1,907,210 million and W2,080,626 million, respectively. |
Financial assets at fair valu_4
Financial assets at fair value through profit or loss - Financial assets at fair value through profit or loss (Details) (Parenthetical) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial assets at fair value through profit or loss [abstract] | ||
Customers Deposits | ₩ 2,080,626 | ₩ 1,907,210 |
Financial assets at fair valu_5
Financial assets at fair value through profit or loss - Financial assets to which overlay approach were applied in accordance with IFRS 9 'Financial Instruments' and IFRS 4 'Insurance Contracts' (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of financial assets to which overlay approach is applied [line items] | ||
Financial assets to which overlay approach is applied | ₩ 4,937,537 | ₩ 4,929,020 |
Due from banks at fair value through profit or loss | ||
Disclosure of financial assets to which overlay approach is applied [line items] | ||
Financial assets to which overlay approach is applied | 34,262 | 63,112 |
Securities at fair value through profit or loss | ||
Disclosure of financial assets to which overlay approach is applied [line items] | ||
Financial assets to which overlay approach is applied | ₩ 4,903,275 | ₩ 4,865,908 |
Financial assets at fair valu_6
Financial assets at fair value through profit or loss - Reclassified amounts between profit or loss and other comprehensive income due to the overlay approach (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | ||||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | |||||
Profit or loss IFRS 9 | ₩ 127,502 | ₩ 177,688 | |||
Profit or loss IAS 39 | 170,505 | 41,438 | |||
Amount reclassified to other comprehensive income from profit or loss applying overlay approach, before tax | (43,003) | [1] | 136,255 | [2] | |
Income tax relating to application of overlay approach in other comprehensive income | 11,826 | [1] | (37,470) | [2] | |
Net gain (loss) on valuation of financial assets at fair value through profit or loss | |||||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | |||||
Profit or loss IFRS 9 | 130,170 | 123,808 | |||
Profit or loss IAS 39 | 83,288 | (21,488) | |||
Amount reclassified to other comprehensive income from profit or loss applying overlay approach, before tax | 46,882 | [1] | 145,301 | [2] | |
Income tax relating to application of overlay approach in other comprehensive income | (12,893) | [1] | (39,958) | [2] | |
Net gain (loss) on disposal of financial assets at fair value through profit or loss | |||||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | |||||
Profit or loss IFRS 9 | (2,668) | 53,806 | |||
Profit or loss IAS 39 | 87,217 | 62,926 | |||
Amount reclassified to other comprehensive income from profit or loss applying overlay approach, before tax | (89,885) | [1] | (9,120) | [2] | |
Income tax relating to application of overlay approach in other comprehensive income | ₩ 24,719 | [1] | 2,508 | [2] | |
Net gain (loss) on foreign currency conversion of financial assets at fair value through profit or loss | |||||
Disclosure of effect of overlay approach reclassification on profit or loss [line items] | |||||
Profit or loss IFRS 9 | 74 | ||||
Amount reclassified to other comprehensive income from profit or loss applying overlay approach, before tax | [2] | 74 | |||
Income tax relating to application of overlay approach in other comprehensive income | [2] | ₩ (20) | |||
[1] | The amount of the policyholders equity adjustment for the reclassification of other comprehensive income is W11,079 million for the years ended December 31, 2021. | ||||
[2] | The amount of the policyholders equity adjustment for the reclassification of other comprehensive income is W(8,487) million for the years ended December 31, 2020. |
Financial assets at fair valu_7
Financial assets at fair value through profit or loss - Reclassified amounts between profit or loss and other comprehensive income due to the overlay approach (Details) (Parenthetical) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of effect of overlay approach reclassification on profit or loss [abstract] | ||
Adjustment for reclassification of other comprehensive income | ₩ 11,079 | ₩ (8,487) |
Derivatives - Notional amounts
Derivatives - Notional amounts of derivatives (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | ₩ 324,782,979 | ₩ 290,049,318 | |
Trading purpose | Interest Rates Related | Over the counter | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 35,777,179 | 36,530,081 | |
Trading purpose | Interest Rates Related | Over the counter | Interest Rate Option | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 258,460 | 324,238 | |
Trading purpose | Interest Rates Related | Over the counter | Interest rate forwards and swaps | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 35,518,719 | 36,205,843 | |
Trading purpose | Foreign currency related | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 185,630,446 | 154,733,001 | |
Trading purpose | Foreign currency related | Over the counter | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 184,989,342 | 153,630,467 | |
Trading purpose | Foreign currency related | Over the counter | Currency forward | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 146,169,864 | 117,566,233 | |
Trading purpose | Foreign currency related | Over the counter | Currency swap | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 36,548,884 | 33,562,251 | |
Trading purpose | Foreign currency related | Over the counter | Currency options | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 2,270,594 | 2,501,983 | |
Trading purpose | Foreign currency related | Exchange traded | Currency futures | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 641,104 | 1,102,534 | |
Trading purpose | Interest rates related | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 112,024,165 | 107,470,855 | |
Trading purpose | Interest rates related | Exchange traded | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 76,246,986 | 70,940,774 | |
Trading purpose | Interest rates related | Exchange traded | Interest rate swap contract | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | [1] | 72,898,275 | 68,475,400 |
Trading purpose | Interest rates related | Exchange traded | Interest Rate Option | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 54,890 | 0 | |
Trading purpose | Interest rates related | Exchange traded | Interest Rate Future | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 3,293,821 | 2,465,374 | |
Trading purpose | Credit related | Over the counter | Credit Swaps | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 4,737,329 | 4,536,626 | |
Trading purpose | Equity related | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 7,728,562 | 9,053,355 | |
Trading purpose | Equity related | Over the counter | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 2,751,819 | 3,137,347 | |
Trading purpose | Equity related | Over the counter | Equity Swaps And Forwards | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 2,073,995 | 2,628,661 | |
Trading purpose | Equity related | Over the counter | Equity Options | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 677,824 | 508,686 | |
Trading purpose | Equity related | Exchange traded | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 4,976,743 | 5,916,008 | |
Trading purpose | Equity related | Exchange traded | Equity Options | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 3,298,673 | 4,277,882 | |
Trading purpose | Equity related | Exchange traded | Equity Futures | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 1,678,070 | 1,638,126 | |
Trading purpose | Commodity related | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 959,980 | 800,811 | |
Trading purpose | Commodity related | Over the counter | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 801,430 | 537,351 | |
Trading purpose | Commodity related | Over the counter | Commodity Swaps And Forwards | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 789,930 | 537,351 | |
Trading purpose | Commodity related | Exchange traded | Commodity Futures And Options | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 158,550 | 263,460 | |
Trading purpose | Commodity related | Commodity Related | Over the counter | Commodity options | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 11,500 | 0 | |
Hedging purpose | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 13,702,497 | 13,454,670 | |
Hedging purpose | Foreign currency related | Currency forward | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 1,279,598 | 1,281,945 | |
Hedging purpose | Foreign currency related | Currency swap | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | 3,726,939 | 4,328,333 | |
Hedging purpose | Foreign currency related | Interest rate forwards and swaps | |||
Notional amounts of derivatives [Line Items] | |||
Notional amounts of derivatives | ₩ 8,695,960 | ₩ 7,844,392 | |
[1] | The notional amounts of derivatives outstanding those will be settled in the ‘Central Counter Party (CCP)’ system. |
Derivatives - Fair values of de
Derivatives - Fair values of derivative instruments (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Derivatives Fair Value [Line Items] | ||
Derivative assets | ₩ 3,799,189 | ₩ 5,633,915 |
Derivative liabilities | 3,586,564 | 5,016,567 |
Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 39,828 | 237,573 |
Derivative liabilities | 265,691 | 219,230 |
Interest Rates Related | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 172,387 | 314,451 |
Derivative liabilities | 305,666 | 365,936 |
Interest Rates Related | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 1,784 | 900 |
Derivative liabilities | 1,828 | 422 |
Equity Related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 32,687 | 124,784 |
Derivative liabilities | 78,551 | 58,058 |
Commodity Related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 18,557 | 5,949 |
Derivative liabilities | 11,555 | 32,693 |
Commodity Related | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 21,245 | 17,529 |
Derivative liabilities | 13,773 | 32,879 |
Hedge Funds | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 225,063 | 476,503 |
Derivative liabilities | 378,809 | 336,503 |
Currency forward | Hedge Funds | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 106 | 91,747 |
Derivative liabilities | 46,139 | 10,507 |
Currency swap | Hedge Funds | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 63,560 | 65,256 |
Derivative liabilities | 79,407 | 186,150 |
Interest Rate Option | Interest Rates Related | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 83 | 0 |
Derivative liabilities | 0 | 0 |
Interest Rate Future | Interest Rates Related | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 1,701 | 900 |
Derivative liabilities | 1,828 | 422 |
Credit Swaps | Credit Related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 493,829 | 273,578 |
Derivative liabilities | 65,103 | 29,682 |
Equity Swaps And Forwards | Equity Related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 28,803 | 122,034 |
Derivative liabilities | 69,880 | 48,218 |
Equity Options | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 6,324 | 77,973 |
Derivative liabilities | 167,237 | 153,461 |
Equity Options | Equity Related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 3,884 | 2,750 |
Derivative liabilities | 8,671 | 9,840 |
Equity Futures | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 817 | 34,816 |
Derivative liabilities | 19,903 | 7,711 |
Commodity Swaps And Forwards | Commodity Related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 18,557 | 5,949 |
Derivative liabilities | 3,149 | 32,693 |
Commodity Futures And Options | Commodity Related | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 2,688 | 11,580 |
Derivative liabilities | 2,218 | 186 |
Interest rate forwards and swaps | Hedge Funds | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 161,397 | 319,500 |
Derivative liabilities | 253,263 | 139,846 |
Commodity options | Commodity Related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 0 | 0 |
Derivative liabilities | 8,406 | 0 |
Trading purpose | Foreign currency related | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 2,846,837 | 4,314,281 |
Derivative liabilities | 2,557,522 | 4,032,337 |
Trading purpose | Foreign currency related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 2,846,825 | 4,314,191 |
Derivative liabilities | 2,557,312 | 4,032,151 |
Trading purpose | Foreign currency related | Currency forward | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 2,183,315 | 3,135,319 |
Derivative liabilities | 1,797,419 | 3,021,258 |
Trading purpose | Foreign currency related | Currency swap | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 651,292 | 1,145,619 |
Derivative liabilities | 748,302 | 979,022 |
Trading purpose | Foreign currency related | Currency futures | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 12 | 90 |
Derivative liabilities | 210 | 186 |
Trading purpose | Foreign currency related | Currency options | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 12,218 | 33,253 |
Derivative liabilities | 11,591 | 31,871 |
Trading purpose | Interest rates related | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 170,603 | 313,551 |
Derivative liabilities | 303,838 | 365,514 |
Trading purpose | Interest rates related | Interest Rate Option | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 3,748 | 2,148 |
Derivative liabilities | 611 | 2,217 |
Trading purpose | Interest rates related | Interest rate forwards and swaps | Over the counter | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 166,855 | 311,403 |
Derivative liabilities | 303,227 | 363,297 |
Trading purpose | Equity related | Exchange traded | ||
Derivatives Fair Value [Line Items] | ||
Derivative assets | 7,141 | 112,789 |
Derivative liabilities | ₩ 187,140 | ₩ 161,172 |
Derivatives - Gain or loss on v
Derivatives - Gain or loss on valuation of derivatives (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | ₩ (267,691) | ₩ 366,381 | ₩ 721,658 |
Exchange traded | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (159,976) | 204,532 | 102,375 |
Foreign Currency Related | Over the counter | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 68,817 | 106,197 | 153,569 |
Foreign Currency Related | Over the counter | Currency forward | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 268,310 | (108,854) | 174,340 |
Foreign Currency Related | Over the counter | Currency swap | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (201,500) | 210,072 | (24,827) |
Foreign Currency Related | Over the counter | Currency options | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 2,007 | 4,979 | 4,056 |
Foreign Currency Related | Exchange traded | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 68,618 | 106,101 | 153,569 |
Foreign Currency Related | Exchange traded | Currency futures | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (199) | (96) | |
Interest Rates Related | Over the counter | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (141,911) | (74,298) | (77,287) |
Interest Rates Related | Over the counter | Interest Rate Option | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 792 | (372) | (1,938) |
Interest Rates Related | Over the counter | Interest rate forwards and swaps | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (142,703) | (73,926) | (75,349) |
Interest Rates Related | Exchange traded | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (141,915) | (70,062) | (76,279) |
Interest Rates Related | Exchange traded | Interest Rate Future | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (4) | 4,236 | 1,008 |
Credit Related | Over the counter | Credit Swaps | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 192,729 | 7,255 | 213,754 |
Equity Related | Over the counter | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (173,123) | (18,061) | 45,929 |
Equity Related | Over the counter | Equity Options | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 3,307 | (2,082) | (841) |
Equity Related | Over the counter | Equity Swaps And Forwards | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (176,430) | (15,979) | 46,770 |
Equity Related | Exchange traded | Equity Options | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 32,555 | 196,288 | 58,721 |
Equity Related | Exchange traded | Equity Futures | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (19,408) | 26,305 | (2,275) |
Commodity Related | Over the counter | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (24,053) | (13,519) | 3,220 |
Commodity Related | Over the counter | Commodity Swaps And Forwards | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (19,097) | (13,519) | 3,191 |
Commodity Related | Over the counter | Commodity Futures And Options | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (4,956) | 29 | |
Commodity Related | Exchange traded | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (23,584) | (2,145) | (4,539) |
Commodity Related | Exchange traded | Commodity Futures | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | 469 | 11,374 | (7,759) |
Hedge Funds | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | (203,563) | 120,700 | 332,778 |
Trading purpose | Equity related | Exchange traded | |||
Gain or loss on valuation of derivatives [Line Items] | |||
Gain or loss on valuation of derivatives | ₩ 13,147 | ₩ 222,593 | ₩ 56,446 |
Derivatives - Gain or loss on f
Derivatives - Gain or loss on fair value hedges (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Gain or loss on fair value hedges [Line Items] | |||
Gains (losses) on hedged item attributable to hedged risk, fair value hedges | ₩ 299,766 | ₩ (249,602) | |
Gains (losses) on hedging instrument, fair value hedges | (314,478) | 245,079 | |
Hedge ineffectiveness recognized in profit or loss | [1] | (14,712) | (4,523) |
Interest rate swap | |||
Gain or loss on fair value hedges [Line Items] | |||
Gains (losses) on hedged item attributable to hedged risk, fair value hedges | [2] | 273,219 | |
Gains (losses) on hedging instrument, fair value hedges | [2] | (281,649) | |
Hedge ineffectiveness recognized in profit or loss | [1],[2] | 4,742 | |
Foreign Exchange Risk | |||
Gain or loss on fair value hedges [Line Items] | |||
Gains (losses) on hedged item attributable to hedged risk, fair value hedges | [2] | 26,547 | |
Gains (losses) on hedging instrument, fair value hedges | [2] | (32,829) | |
Hedge ineffectiveness recognized in profit or loss | [1],[2] | (9,265) | |
Interest rate risk | |||
Gain or loss on fair value hedges [Line Items] | |||
Gains (losses) on hedged item attributable to hedged risk, fair value hedges | [2] | (228,266) | |
Gains (losses) on hedging instrument, fair value hedges | [2] | 233,008 | |
Hedge ineffectiveness recognized in profit or loss | [1],[2] | (8,430) | |
Foreign exchange risk | |||
Gain or loss on fair value hedges [Line Items] | |||
Gains (losses) on hedged item attributable to hedged risk, fair value hedges | [2] | (21,336) | |
Gains (losses) on hedging instrument, fair value hedges | [2] | ₩ 12,071 | |
Hedge ineffectiveness recognized in profit or loss | [1],[2] | ₩ (6,282) | |
[1] | Ineffective portion of hedge: the difference between hedging instruments and hedged items. | ||
[2] | The related account categories are presented as interest rate swap assets / liabilities and currency swap assets. |
Derivatives - Due to the ineffe
Derivatives - Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Cash Flow Hedges | Interest rate risk | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gains (losses) on hedges recognized in other comprehensive income | [1] | ₩ 15,492 | ₩ (3,220) |
Hedge ineffectiveness recognized in profit or loss | [1],[2] | (49,882) | (343) |
From cash flow hedge reserve to profit or loss Reclassified amount | [1] | 0 | |
Cash Flow Hedges | Discontinuation of cash flow hedges | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gains (losses) on hedges recognized in other comprehensive income | 0 | (45) | |
Hedge ineffectiveness recognized in profit or loss | [2] | 0 | |
From cash flow hedge reserve to profit or loss Reclassified amount | 8,799 | 45 | |
Cash Flow Hedges | Foreign Exchange Risk | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gains (losses) on hedges recognized in other comprehensive income | [1] | 14,439 | (16,693) |
Hedge ineffectiveness recognized in profit or loss | [1],[2] | (14,955) | (6,539) |
From cash flow hedge reserve to profit or loss Reclassified amount | [1] | 24,464 | 26,405 |
Hedges of net investment | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gains (losses) on hedges recognized in other comprehensive income | (44,594) | 24,091 | |
Hedge ineffectiveness recognized in profit or loss | [2] | (66,931) | (9,016) |
From cash flow hedge reserve to profit or loss Reclassified amount | 33,263 | 26,450 | |
Hedges of net investment | Foreign Exchange Risk | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Gains (losses) on hedges recognized in other comprehensive income | [1] | (74,525) | 44,049 |
Hedge ineffectiveness recognized in profit or loss | [1],[2] | (2,094) | ₩ (2,134) |
From cash flow hedge reserve to profit or loss Reclassified amount | [1] | ₩ 0 | |
[1] | The related account categories are presented as interest rate swap assets / liabilities and currency swap assets / liabilities, currency forwards assets / liabilities and borrowings. | ||
[2] | Ineffective portion of hedge: The difference between hedging instruments and hedged items. |
Derivatives - Nominal values an
Derivatives - Nominal values and average hedge ratio for derivatives (Details) - d | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 7,523,882 | |
Interest rate risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 8,695,960 | 7,844,392 |
Average hedge ratio | 100.00% | 100.00% |
Average price condition | 0.87% | 0.67% |
Interest rate risk | Less than 1 year | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 693,057 | 657,656 |
Average hedge ratio | 100.00% | 100.00% |
Average price condition | 0.88% | 1.12% |
Interest rate risk | 1~2 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 1,256,392 | 640,992 |
Average hedge ratio | 100.00% | 100.00% |
Average price condition | 1.21% | 0.88% |
Interest rate risk | 2~3 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 641,413 | 1,217,588 |
Average hedge ratio | 100.00% | 100.00% |
Average price condition | 1.30% | 1.30% |
Interest rate risk | 3~4 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 158,833 | 456,688 |
Average hedge ratio | 100.00% | 100.00% |
Average price condition | 1.00% | 0.98% |
Interest rate risk | 4~5 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 1,589,729 | 247,244 |
Average hedge ratio | 100.00% | 100.00% |
Average price condition | 1.00% | 0.67% |
Interest rate risk | More than 5 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 4,356,536 | 4,624,224 |
Average hedge ratio | 100.00% | 100.00% |
Average price condition | 0.66% | 0.38% |
Exchange risk | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 6,264,460 | 6,806,529 |
Average hedge ratio | 100.00% | 100.00% |
Exchange risk | Less than 1 year | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 2,328,042 | 2,340,409 |
Average hedge ratio | 100.00% | 100.00% |
Exchange risk | 1~2 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 2,164,591 | 1,448,787 |
Average hedge ratio | 100.00% | 100.00% |
Exchange risk | 2~3 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 568,991 | 1,734,593 |
Average hedge ratio | 100.00% | 100.00% |
Exchange risk | 3~4 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 699,433 | 457,199 |
Average hedge ratio | 100.00% | 100.00% |
Exchange risk | 4~5 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 480,878 | 575,527 |
Average hedge ratio | 100.00% | 100.00% |
Exchange risk | More than 5 years | ||
Disclosure of detailed information about hedged items [line items] | ||
Nominal amount of hedging instrument | 22,525 | 250,014 |
Average hedge ratio | 100.00% | 100.00% |
Derivatives - Nominal values _2
Derivatives - Nominal values and average hedge ratio for derivatives (Parenthetical) (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
USD | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 1,143.95 | 1,154.76 |
JPY | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 10.53 | 10.61 |
EUR | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 1,288.52 | 1,287.16 |
GBP | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 1,484 | 1,480.30 |
AUD | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 817.06 | 800.67 |
CAD | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 868.95 | 895.95 |
SGD | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 859.87 | 847.09 |
CNY | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 174.40 | 168.84 |
SEK | ||
Disclosure of detailed information about hedged items [line items] | ||
Average foreign exchange rate | 124.85 | 124.60 |
Derivatives - Effect of derivat
Derivatives - Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity (Details) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021KRW (₩) | Dec. 31, 2020KRW (₩) | ||
Disclosure of detailed information about hedging instruments [line items] | |||
Nominal amount of hedging instrument | 7,523,882 | ||
Fair value hedges | Currency swap | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Carrying value of liabilities | [1] | ₩ 67 | |
Changes in fair value in the period | ₩ 985 | ||
Fair value hedges | Interest rate swap | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Nominal amount of hedging instrument | 7,079,468 | 6,965,492 | |
Carrying value of assets | [1] | ₩ 156,710 | ₩ 319,294 |
Carrying value of liabilities | [1] | 236,758 | 120,728 |
Changes in fair value in the period | ₩ (277,450) | ₩ 181,151 | |
Fair value hedges | Currency forward | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Nominal amount of hedging instrument | 176,369 | 254,023 | |
Carrying value of assets | [1] | ₩ 0 | ₩ 20,093 |
Carrying value of liabilities | [1] | 4,995 | 66 |
Changes in fair value in the period | ₩ (8,835) | ₩ 24,481 | |
Cash flow hedge | Currency swap | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Nominal amount of hedging instrument | 3,726,939 | 4,328,333 | |
Carrying value of assets | [1] | ₩ 63,560 | ₩ 65,256 |
Carrying value of liabilities | [1] | 79,407 | 186,083 |
Changes in fair value in the period | ₩ 156,271 | ₩ (8,560) | |
Cash flow hedge | Interest rate swap | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Nominal amount of hedging instrument | 1,616,492 | 878,900 | |
Carrying value of assets | [1] | ₩ 4,687 | ₩ 206 |
Carrying value of liabilities | [1] | 16,505 | 19,118 |
Changes in fair value in the period | ₩ 23,257 | ₩ 3,303 | |
Cash flow hedge | Currency forward | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Nominal amount of hedging instrument | 866,129 | 810,322 | |
Carrying value of assets | [1] | ₩ 106 | ₩ 60,473 |
Carrying value of liabilities | [1] | 31,486 | |
Changes in fair value in the period | ₩ (63,659) | ₩ (4,181) | |
Hedge of Net Investment | Currency forward | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Nominal amount of hedging instrument | 237,100 | 217,600 | |
Carrying value of assets | [1] | ₩ 0 | ₩ 11,181 |
Carrying value of liabilities | [1] | 9,658 | 10,441 |
Changes in fair value in the period | ₩ (14,948) | ₩ (2,991) | |
Hedge of Net Investment | Borrowings | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Nominal amount of hedging instrument | 1,257,923 | 1,196,252 | |
Carrying value of assets | [1] | ₩ 0 | |
Carrying value of liabilities | [1] | 1,256,241 | ₩ 1,193,269 |
Changes in fair value in the period | ₩ (61,672) | ₩ 44,907 | |
[1] | The related account categories are presented as interest rate swap assets / liabilities and currency forward assets and liabilities. |
Derivatives - Effect of hedging
Derivatives - Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | |||
Carrying value of assets | ₩ 564,291 | ||
Carrying value of liabilities | 6,828,511 | ||
Fair value hedges | Interest rate risk | |||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | |||
Carrying value of assets | [1] | 704,942 | ₩ 143,496 |
Carrying value of liabilities | [1] | 6,370,330 | 6,750,929 |
Assets of Cumulative fair value hedge adjustment | 6,207 | 6,563 | |
Liabilities of Cumulative fair value hedge adjustment | (85,441) | 193,452 | |
Changes if fair value in the period | 274,005 | (175,369) | |
Cash flow hedge reserve | 0 | ||
Foreign currency conversion reserves | 0 | ||
Fair value hedges | Foreign Exchange Risk | |||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | |||
Carrying value of assets | [1] | 415,693 | 342,205 |
Carrying value of liabilities | [1] | 0 | |
Assets of Cumulative fair value hedge adjustment | 0 | ||
Liabilities of Cumulative fair value hedge adjustment | 0 | ||
Changes if fair value in the period | 23,109 | (26,927) | |
Cash flow hedge reserve | 0 | ||
Foreign currency conversion reserves | 0 | ||
Cash Flow Hedges | Interest rate risk | |||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | |||
Carrying value of assets | [1] | 607,062 | 617,463 |
Carrying value of liabilities | [1] | 1,714,303 | 1,674,460 |
Assets of Cumulative fair value hedge adjustment | 0 | ||
Liabilities of Cumulative fair value hedge adjustment | 0 | ||
Changes if fair value in the period | 22,432 | 2,296 | |
Cash flow hedge reserve | 67,553 | 60,659 | |
Foreign currency conversion reserves | 0 | ||
Cash Flow Hedges | Foreign Exchange Risk | |||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | |||
Carrying value of assets | [1] | 2,848,303 | 3,264,740 |
Carrying value of liabilities | [1] | 2,782,574 | 2,962,041 |
Assets of Cumulative fair value hedge adjustment | 0 | ||
Liabilities of Cumulative fair value hedge adjustment | 0 | ||
Changes if fair value in the period | 336,281 | (58,557) | |
Cash flow hedge reserve | (19,296) | (32,001) | |
Foreign currency conversion reserves | 0 | ||
Hedges of net investment | Foreign Exchange Risk | |||
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [line items] | |||
Carrying value of assets | [1] | 0 | |
Carrying value of liabilities | [1] | 0 | |
Assets of Cumulative fair value hedge adjustment | 0 | ||
Liabilities of Cumulative fair value hedge adjustment | 0 | ||
Changes if fair value in the period | 74,525 | 44,049 | |
Cash flow hedge reserve | 0 | ||
Foreign currency conversion reserves | ₩ (66,626) | ₩ (141,151) | |
[1] | The related account categories are presented as interest rate swap assets / liabilities and currency forwards. |
Derivatives - Hedge relationshi
Derivatives - Hedge relationships affected by an interest rate index (Details) ₩ in Millions | Dec. 31, 2021KRW (₩) | |
Hedge relationships affected by an interest rate index [Line Items] | ||
Carrying value of hedged item, Assets | ₩ 564,291 | |
Carrying value of hedged item, Liabilities | ₩ 6,828,511 | |
Nominal amount of hedging instrument | 7,523,882 | |
KRW 3M CD | ||
Hedge relationships affected by an interest rate index [Line Items] | ||
Carrying value of hedged item, Assets | ₩ 0 | [1] |
Carrying value of hedged item, Liabilities | ₩ 2,509,045 | [1] |
Nominal amount of hedging instrument | 2,580,000 | [1] |
USD 1M LIBOR | ||
Hedge relationships affected by an interest rate index [Line Items] | ||
Carrying value of hedged item, Assets | ₩ 0 | [2] |
Carrying value of hedged item, Liabilities | ₩ 241,192 | [2] |
Nominal amount of hedging instrument | 241,842 | [2] |
USD 3M LIBOR | ||
Hedge relationships affected by an interest rate index [Line Items] | ||
Carrying value of hedged item, Assets | ₩ 539,197 | [1],[2] |
Carrying value of hedged item, Liabilities | ₩ 3,589,452 | [1],[2] |
Nominal amount of hedging instrument | 4,187,018 | [1],[2] |
EURIBOR 1M | ||
Hedge relationships affected by an interest rate index [Line Items] | ||
Carrying value of hedged item, Assets | ₩ 0 | |
Carrying value of hedged item, Liabilities | ₩ 220,992 | |
Nominal amount of hedging instrument | 221,050 | |
EURIBOR 3M | ||
Hedge relationships affected by an interest rate index [Line Items] | ||
Carrying value of hedged item, Assets | ₩ 25,094 | |
Carrying value of hedged item, Liabilities | ₩ 267,830 | |
Nominal amount of hedging instrument | 293,972 | |
[1] | Include nominal amount of the hedging instrument related to the CMS(Constant Maturity Swap) calculated based on the CD and LIBOR rate. | |
[2] | Exclude the nominal amount that will mature before the end of June 30, 2023, when LIBOR interest rate calculation is discontinued. |
Securities at fair value thro_3
Securities at fair value through other comprehensive income and securities at amortized cost (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | ₩ 64,838,323 | ₩ 58,316,112 |
Securities at amortized cost | 49,930,076 | 47,282,623 |
Total | 114,768,399 | 105,598,735 |
Stocks | ||
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | 922,579 | 777,901 |
Debt securities | ||
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | 63,806,919 | 57,409,433 |
Securities at amortized cost | 49,930,076 | 47,282,623 |
Government | ||
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | 25,687,070 | 19,370,393 |
Securities at amortized cost | 34,679,301 | 31,816,320 |
Equity investments | ||
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | 4,118 | 4,445 |
Others | ||
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | 104,707 | 124,333 |
Financial Institutions bonds | ||
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | 19,702,292 | 20,053,716 |
Securities at amortized cost | 3,423,536 | 3,835,577 |
Others | ||
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | 18,417,557 | 17,985,324 |
Securities at amortized cost | 11,827,239 | 11,630,726 |
Equity securities | ||
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Securities at fair value through other comprehensive income | ₩ 1,031,404 | ₩ 906,679 |
Securities at fair value thro_4
Securities at fair value through other comprehensive income and securities at amortized cost - Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Debt securities at fair value through other comprehensive income | ||
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Beginning balance | ₩ 57,409,433 | ₩ 58,573,094 |
Transfer (from)to 12-month expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | 0 | 0 |
Net increase and decrease | 6,397,486 | (1,163,661) |
Ending balance | 63,806,919 | 57,409,433 |
Debt securities at fair value through other comprehensive income | 12-month expected credit losses | ||
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Beginning balance | 57,142,298 | 58,334,000 |
Transfer (from)to 12-month expected credit loss | 51,055 | 30,233 |
Transfer (from)to life time expected credit loss | (35,665) | (83,132) |
Net increase and decrease | 6,496,445 | (1,138,803) |
Ending balance | 63,654,133 | 57,142,298 |
Debt securities at fair value through other comprehensive income | Lifetime expected credit losses | ||
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Beginning balance | 267,135 | 239,094 |
Transfer (from)to 12-month expected credit loss | (51,055) | (30,233) |
Transfer (from)to life time expected credit loss | 35,665 | 83,132 |
Net increase and decrease | (98,959) | (24,858) |
Ending balance | 152,786 | 267,135 |
Debt securities at amortized cost | ||
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Beginning balance | 47,293,109 | 45,591,835 |
Transfer (from)to 12-month expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | 0 | 0 |
Net increase and decrease | 2,653,914 | 1,701,274 |
Ending balance | 49,947,023 | 47,293,109 |
Debt securities at amortized cost | 12-month expected credit losses | ||
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Beginning balance | 47,293,109 | 45,568,563 |
Transfer (from)to 12-month expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | (35,505) | 0 |
Net increase and decrease | 2,653,129 | 1,724,546 |
Ending balance | 49,910,733 | 47,293,109 |
Debt securities at amortized cost | Lifetime expected credit losses | ||
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items] | ||
Beginning balance | 0 | 23,272 |
Transfer (from)to 12-month expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | 35,505 | 0 |
Net increase and decrease | 785 | (23,272) |
Ending balance | ₩ 36,290 | ₩ 0 |
Securities at fair value thro_5
Securities at fair value through other comprehensive income and securities at amortized cost - Changes in allowance for credit loss of securities at fair value through other comprehensive income and securities at amortized cost (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Debt securities at fair value through other comprehensive income | ||
Changes in the allowance for credit losses [Line Items] | ||
Beginning balance | ₩ 23,171 | ₩ 28,236 |
Transfer (from)to 12-month expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | 0 | 0 |
Provision (reversal) | 19,697 | 3,829 |
Disposal and others | (5,382) | (8,894) |
Ending balance | 37,486 | 23,171 |
Debt securities at fair value through other comprehensive income | 12-month expected credit losses | ||
Changes in the allowance for credit losses [Line Items] | ||
Beginning balance | 22,493 | 27,581 |
Transfer (from)to 12-month expected credit loss | 33 | 22 |
Transfer (from)to life time expected credit loss | (63) | (193) |
Provision (reversal) | 19,722 | 3,480 |
Disposal and others | (5,302) | (8,397) |
Ending balance | 36,883 | 22,493 |
Debt securities at fair value through other comprehensive income | Lifetime expected credit losses | ||
Changes in the allowance for credit losses [Line Items] | ||
Beginning balance | 678 | 655 |
Transfer (from)to 12-month expected credit loss | (33) | (22) |
Transfer (from)to life time expected credit loss | 63 | 193 |
Provision (reversal) | (25) | 349 |
Disposal and others | (80) | (497) |
Ending balance | 603 | 678 |
Debt securities at amortized cost | ||
Changes in the allowance for credit losses [Line Items] | ||
Beginning balance | 10,486 | 9,770 |
Transfer (from)to 12-month expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | 0 | 0 |
Provision (reversal) | 5,305 | 1,075 |
Disposal and others | 1,156 | (359) |
Ending balance | 16,947 | 10,486 |
Debt securities at amortized cost | 12-month expected credit losses | ||
Changes in the allowance for credit losses [Line Items] | ||
Beginning balance | 10,486 | 9,759 |
Transfer (from)to 12-month expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | (216) | 0 |
Provision (reversal) | 5,065 | 1,086 |
Disposal and others | 1,149 | (359) |
Ending balance | 16,484 | 10,486 |
Debt securities at amortized cost | Lifetime expected credit losses | ||
Changes in the allowance for credit losses [Line Items] | ||
Beginning balance | 0 | 11 |
Transfer (from)to 12-month expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | 216 | 0 |
Provision (reversal) | 240 | (11) |
Disposal and others | 7 | 0 |
Ending balance | ₩ 463 | ₩ 0 |
Securities at fair value thro_6
Securities at fair value through other comprehensive income and securities at amortized cost - Gain or loss on disposal of securities at fair value through other comprehensive income and securities at amortized cost (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Gain or loss on disposal of financial assets at fair value through other comprehensive income and securities at amortized cost [Abstract] | |||
Gain on disposal of financial assets at fair value through other comprehensive income | ₩ 131,189 | ₩ 301,920 | |
Loss on disposal of financial assets at fair value through other comprehensive income | (45,593) | (28,127) | |
Gain on disposal of securities at amortized cost | [1] | 24 | 42 |
Loss on disposal of securities at amortized cost | [1] | (343) | (67) |
Total | ₩ 85,277 | ₩ 273,768 | |
[1] | The issuers of those securities have exercised the early redemption options and the others. |
Securities at fair value thro_7
Securities at fair value through other comprehensive income and securities at amortized cost - Income or loss on equity securities at fair value through other comprehensive income (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income or loss on equity securities at fair value through other comprehensive income [Abstract] | ||
Fair value at the date of disposal | ₩ 84,624 | ₩ 69,969 |
Cumulative net profit at the time of disposal | ₩ (42,058) | ₩ (38,380) |
Securities at fair value thro_8
Securities at fair value through other comprehensive income and securities at amortized cost - Additional Information (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Securities at fair value through other comprehensive income and securities at amortized cost [Abstract] | ||
Dividends recognized related to eauity securities at fair value through other comprehensive income | ₩ 24,216 | ₩ 21,503 |
Loans at amortized cost, etc._2
Loans at amortized cost, etc. (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Loans at amortized cost [Abstract] | |||
Retail loans | ₩ 159,006,999 | ₩ 146,789,916 | |
Loans to corporate entities | 199,465,807 | 179,011,251 | |
Public and other loans | 3,468,917 | 3,734,629 | |
Loans between banks | 3,849,565 | 5,492,400 | |
Credit Card Receivable | 25,999,576 | 23,759,422 | |
Loans at amortized cost, Gross, Total | 391,790,864 | 358,787,618 | |
Discount | (30,001) | (21,948) | |
Deferred loan origination costs and fees | 543,361 | 516,815 | ₩ 534,530 |
Loans at amortized cost before Allowance for credit losses, Total | 392,304,224 | 359,282,485 | |
Allowance for credit loss | (3,167,068) | (3,060,966) | |
Loans at amortized cost, Net, Total | ₩ 389,137,156 | ₩ 356,221,519 |
Loans at amortized cost, etc. -
Loans at amortized cost, etc. - Changes in loans at amortized cost, etc. (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | ||||
Loans at amortized cost net category | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | ₩ 359,282,485 | ₩ 325,929,814 | |||
Transfer (from) to 12 month expected credit losses | 0 | 0 | |||
Transfer (from) to lifetime expected credit losses | 0 | 0 | |||
Transfer (from) to credit- impaired financial assets | 0 | 0 | |||
Net increase and decrease | [1] | 34,446,992 | 35,900,369 | ||
Charge off | (1,147,612) | [2] | (1,146,776) | [3] | |
Disposal | (277,641) | (1,400,922) | |||
Ending balance | 392,304,224 | 359,282,485 | |||
Loans at amortized cost net category | Retail | 12-month expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 138,516,630 | 126,586,551 | |||
Transfer (from) to 12 month expected credit losses | 3,200,712 | 2,891,847 | |||
Transfer (from) to lifetime expected credit losses | (3,482,541) | (3,916,612) | |||
Transfer (from) to credit- impaired financial assets | (194,192) | (189,681) | |||
Net increase and decrease | [1] | 12,821,174 | 13,457,675 | ||
Charge off | 0 | [2] | 0 | [3] | |
Disposal | 0 | (313,150) | |||
Ending balance | 150,861,783 | 138,516,630 | |||
Loans at amortized cost net category | Retail | Lifetime expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 8,215,137 | 7,870,908 | |||
Transfer (from) to 12 month expected credit losses | (3,192,315) | (2,885,809) | |||
Transfer (from) to lifetime expected credit losses | 3,516,278 | 3,944,714 | |||
Transfer (from) to credit- impaired financial assets | (134,008) | (157,637) | |||
Net increase and decrease | [1] | (255,318) | (556,142) | ||
Charge off | 0 | [2] | 0 | [3] | |
Disposal | (724) | (897) | |||
Ending balance | 8,149,050 | 8,215,137 | |||
Loans at amortized cost net category | Retail | Financial instruments credit-impaired | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 466,427 | 415,892 | |||
Transfer (from) to 12 month expected credit losses | (8,397) | (6,038) | |||
Transfer (from) to lifetime expected credit losses | (33,737) | (28,102) | |||
Transfer (from) to credit- impaired financial assets | 328,200 | 347,318 | |||
Net increase and decrease | [1] | 38,153 | 81,131 | ||
Charge off | (279,789) | [2] | (254,723) | [3] | |
Disposal | (53,241) | (89,051) | |||
Ending balance | 457,616 | 466,427 | |||
Loans at amortized cost net category | Corporations | 12-month expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 152,338,024 | 135,591,673 | |||
Transfer (from) to 12 month expected credit losses | 6,566,663 | 6,009,242 | |||
Transfer (from) to lifetime expected credit losses | (9,636,590) | (9,015,428) | |||
Transfer (from) to credit- impaired financial assets | (230,972) | (195,863) | |||
Net increase and decrease | [1] | 20,922,205 | 20,679,401 | ||
Charge off | 0 | [2] | 0 | [3] | |
Disposal | (84,433) | (731,001) | |||
Ending balance | 169,874,897 | 152,338,024 | |||
Loans at amortized cost net category | Corporations | Lifetime expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 26,210,417 | 24,661,662 | |||
Transfer (from) to 12 month expected credit losses | (6,494,160) | (6,006,226) | |||
Transfer (from) to lifetime expected credit losses | 9,659,114 | 9,027,416 | |||
Transfer (from) to credit- impaired financial assets | (322,361) | (441,969) | |||
Net increase and decrease | [1] | (222,364) | (1,030,466) | ||
Charge off | 0 | [2] | 0 | [3] | |
Disposal | (180) | 0 | |||
Ending balance | 28,830,466 | 26,210,417 | |||
Loans at amortized cost net category | Corporations | Financial instruments credit-impaired | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 1,057,932 | 1,001,587 | |||
Transfer (from) to 12 month expected credit losses | (72,503) | (3,016) | |||
Transfer (from) to lifetime expected credit losses | (22,524) | (11,988) | |||
Transfer (from) to credit- impaired financial assets | 553,333 | 637,832 | |||
Net increase and decrease | [1] | (146,801) | 15,944 | ||
Charge off | (299,661) | [2] | (317,514) | [3] | |
Disposal | (139,019) | (264,913) | |||
Ending balance | 930,757 | 1,057,932 | |||
Loans at amortized cost net category | Credit card | 12-month expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 18,969,258 | 19,419,606 | |||
Transfer (from) to 12 month expected credit losses | 390,658 | 351,253 | |||
Transfer (from) to lifetime expected credit losses | (674,961) | (571,971) | |||
Transfer (from) to credit- impaired financial assets | (110,704) | (114,388) | |||
Net increase and decrease | [1] | 2,772,167 | (115,242) | ||
Charge off | 0 | [2] | 0 | [3] | |
Disposal | 0 | 0 | |||
Ending balance | 21,346,418 | 18,969,258 | |||
Loans at amortized cost net category | Credit card | Lifetime expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 3,951,689 | 4,124,576 | |||
Transfer (from) to 12 month expected credit losses | (390,593) | (350,651) | |||
Transfer (from) to lifetime expected credit losses | 675,063 | 572,291 | |||
Transfer (from) to credit- impaired financial assets | (158,036) | (191,777) | |||
Net increase and decrease | [1] | 88,680 | (202,750) | ||
Charge off | 0 | [2] | 0 | [3] | |
Disposal | 0 | 0 | |||
Ending balance | 4,166,803 | 3,951,689 | |||
Loans at amortized cost net category | Credit card | Financial instruments credit-impaired | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 468,377 | 444,235 | |||
Transfer (from) to 12 month expected credit losses | (65) | (602) | |||
Transfer (from) to lifetime expected credit losses | (102) | (320) | |||
Transfer (from) to credit- impaired financial assets | 268,740 | 306,165 | |||
Net increase and decrease | [1] | 287,576 | 290,907 | ||
Charge off | (566,944) | [2] | (572,008) | [3] | |
Disposal | 0 | 0 | |||
Ending balance | 457,582 | 468,377 | |||
Loans at amortized cost net category | Others | 12-month expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 8,405,173 | 5,167,393 | |||
Transfer (from) to 12 month expected credit losses | 43,343 | 15,976 | |||
Transfer (from) to lifetime expected credit losses | (94,270) | (85,337) | |||
Transfer (from) to credit- impaired financial assets | (896) | (3,964) | |||
Net increase and decrease | [1] | (1,810,906) | 3,311,105 | ||
Charge off | 0 | [2] | 0 | [3] | |
Disposal | 0 | 0 | |||
Ending balance | 6,542,444 | 8,405,173 | |||
Loans at amortized cost net category | Others | Lifetime expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 665,196 | 629,468 | |||
Transfer (from) to 12 month expected credit losses | (43,343) | (15,976) | |||
Transfer (from) to lifetime expected credit losses | 94,272 | 85,337 | |||
Transfer (from) to credit- impaired financial assets | (2) | (37) | |||
Net increase and decrease | [1] | (47,466) | (33,596) | ||
Charge off | 0 | [2] | 0 | [3] | |
Disposal | 0 | 0 | |||
Ending balance | 668,657 | 665,196 | |||
Loans at amortized cost net category | Others | Financial instruments credit-impaired | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 18,225 | 16,263 | |||
Transfer (from) to 12 month expected credit losses | 0 | 0 | |||
Transfer (from) to lifetime expected credit losses | (2) | 0 | |||
Transfer (from) to credit- impaired financial assets | 898 | 4,001 | |||
Net increase and decrease | [1] | (108) | 2,402 | ||
Charge off | (1,218) | [2] | (2,531) | [3] | |
Disposal | (44) | (1,910) | |||
Ending balance | 17,751 | 18,225 | |||
Due from banks at amortized cost and other financial assets | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 52,039,355 | 43,397,484 | |||
Transfer (from) to 12 month expected credit losses | 0 | 0 | |||
Transfer (from) to lifetime expected credit losses | 0 | 0 | |||
Transfer (from) to credit- impaired financial assets | 0 | 0 | |||
Net increase and decrease | [1] | (4,277,667) | 8,653,613 | ||
Charge off | (27,929) | (26,814) | |||
Disposal | (856) | (910) | |||
Business combination (Note 47) | 15,982 | ||||
Ending balance | 47,732,903 | 52,039,355 | |||
Due from banks at amortized cost and other financial assets | 12-month expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 51,881,798 | 43,245,002 | |||
Transfer (from) to 12 month expected credit losses | 13,111 | 15,157 | |||
Transfer (from) to lifetime expected credit losses | (29,026) | (25,839) | |||
Transfer (from) to credit- impaired financial assets | (1,049) | (1,628) | |||
Net increase and decrease | [1] | (4,315,675) | 8,633,124 | ||
Charge off | 0 | 0 | |||
Disposal | 0 | 0 | |||
Business combination (Note 47) | 15,982 | ||||
Ending balance | 47,549,159 | 51,881,798 | |||
Due from banks at amortized cost and other financial assets | Lifetime expected credit losses | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 99,899 | 106,517 | |||
Transfer (from) to 12 month expected credit losses | (13,079) | (15,123) | |||
Transfer (from) to lifetime expected credit losses | 29,048 | 25,848 | |||
Transfer (from) to credit- impaired financial assets | (11,797) | (7,342) | |||
Net increase and decrease | [1] | 580 | (10,001) | ||
Charge off | 0 | 0 | |||
Disposal | (1) | 0 | |||
Business combination (Note 47) | 0 | ||||
Ending balance | 104,650 | 99,899 | |||
Due from banks at amortized cost and other financial assets | Financial instruments credit-impaired | |||||
Changes in loans at amortized cost and other assets [Line Items] | |||||
Beginning balance | 57,658 | 45,965 | |||
Transfer (from) to 12 month expected credit losses | (32) | (34) | |||
Transfer (from) to lifetime expected credit losses | (22) | (9) | |||
Transfer (from) to credit- impaired financial assets | 12,846 | 8,970 | |||
Net increase and decrease | [1] | 37,428 | 30,490 | ||
Charge off | (27,929) | (26,814) | |||
Disposal | (855) | (910) | |||
Business combination (Note 47) | 0 | ||||
Ending balance | ₩ 79,094 | ₩ 57,658 | |||
[1] | The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. | ||||
[2] | The amount of uncollected loans currently in recovery (principal and interest) is W10,613,730 million, which is written off as of December 31, 2021. | ||||
[3] | The amount of uncollected loans currently in recovery (principal and interest) is W10,436,407 million, which is written off as of December 31, 2020. |
Loans at amortized cost, etc._3
Loans at amortized cost, etc. - Changes in loans at amortized cost, etc. (Details) (Parenthetical) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in loans at amortized cost and other assets [Abstract] | ||
Recovery of loans and advances uncollected amount written off. | ₩ 10,613,730 | ₩ 10,436,407 |
Loans at amortized cost, etc._4
Loans at amortized cost, etc. - Changes in allowances for credit loss of loans at amortized cost and other assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | ||||
Loans at amortized cost net category | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | ₩ 3,060,966 | ₩ 2,684,835 | |||
Transfer (from) to 12 month expected credit losses | 0 | 0 | |||
Transfer (from) to lifetime expected credit losses | 0 | 0 | |||
Transfer (from) to credit- impaired financial assets | 0 | 0 | |||
Provided (reversed) | 907,070 | 1,290,695 | |||
Charge off | (1,147,612) | [1] | (1,146,776) | [2] | |
Amortization of discount | (9,572) | (28,588) | |||
Disposal | (28,153) | (44,337) | |||
Collection | 388,079 | 350,009 | |||
Others | [3] | (3,710) | (44,872) | ||
Ending balance | 3,167,068 | 3,060,966 | |||
Loans at amortized cost net category | Retail | 12-month expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 149,034 | 133,412 | |||
Transfer (from) to 12 month expected credit losses | 20,528 | 20,082 | |||
Transfer (from) to lifetime expected credit losses | (9,078) | (9,077) | |||
Transfer (from) to credit- impaired financial assets | (3,203) | (3,247) | |||
Provided (reversed) | 10,812 | 5,253 | |||
Charge off | 0 | [1] | 0 | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | 0 | (343) | |||
Collection | 0 | 0 | |||
Others | [3] | 5,912 | 2,954 | ||
Ending balance | 174,005 | 149,034 | |||
Loans at amortized cost net category | Retail | Lifetime expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 86,048 | 91,025 | |||
Transfer (from) to 12 month expected credit losses | (19,794) | (19,487) | |||
Transfer (from) to lifetime expected credit losses | 21,383 | 18,772 | |||
Transfer (from) to credit- impaired financial assets | (7,112) | (9,010) | |||
Provided (reversed) | (1,321) | (5,319) | |||
Charge off | 0 | [1] | 0 | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | (1) | (8) | |||
Collection | 0 | 0 | |||
Others | [3] | 11,209 | 10,075 | ||
Ending balance | 90,412 | 86,048 | |||
Loans at amortized cost net category | Retail | Financial instruments credit-impaired | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 198,440 | 169,038 | |||
Transfer (from) to 12 month expected credit losses | (734) | (595) | |||
Transfer (from) to lifetime expected credit losses | (12,305) | (9,695) | |||
Transfer (from) to credit- impaired financial assets | 10,315 | 12,257 | |||
Provided (reversed) | 154,260 | 199,765 | |||
Charge off | (279,789) | [1] | (254,723) | [2] | |
Amortization of discount | (4,651) | (5,630) | |||
Disposal | (13,617) | (18,605) | |||
Collection | 103,316 | 85,819 | |||
Others | [3] | 34,571 | 20,809 | ||
Ending balance | 189,806 | 198,440 | |||
Loans at amortized cost net category | Corporations | 12-month expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 568,614 | 419,752 | |||
Transfer (from) to 12 month expected credit losses | 85,187 | 67,590 | |||
Transfer (from) to lifetime expected credit losses | (55,055) | (49,727) | |||
Transfer (from) to credit- impaired financial assets | (1,830) | (1,590) | |||
Provided (reversed) | (68,403) | 149,400 | |||
Charge off | 0 | [1] | 0 | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | (6) | (726) | |||
Collection | 0 | 0 | |||
Others | [3] | 1,793 | (16,085) | ||
Ending balance | 530,300 | 568,614 | |||
Loans at amortized cost net category | Corporations | Lifetime expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 665,083 | 531,286 | |||
Transfer (from) to 12 month expected credit losses | (79,571) | (66,777) | |||
Transfer (from) to lifetime expected credit losses | 63,834 | 55,512 | |||
Transfer (from) to credit- impaired financial assets | (48,468) | (52,383) | |||
Provided (reversed) | 135,401 | 211,341 | |||
Charge off | 0 | [1] | 0 | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | 0 | 0 | |||
Collection | 0 | 0 | |||
Others | [3] | 5,973 | (13,896) | ||
Ending balance | 742,252 | 665,083 | |||
Loans at amortized cost net category | Corporations | Financial instruments credit-impaired | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 481,244 | 469,207 | |||
Transfer (from) to 12 month expected credit losses | (5,616) | (813) | |||
Transfer (from) to lifetime expected credit losses | (8,779) | (5,785) | |||
Transfer (from) to credit- impaired financial assets | 50,298 | 53,973 | |||
Provided (reversed) | 263,327 | 265,557 | |||
Charge off | (299,661) | [1] | (317,514) | [2] | |
Amortization of discount | (12,894) | (15,151) | |||
Disposal | (14,528) | (24,473) | |||
Collection | 76,245 | 63,822 | |||
Others | [3] | (9,310) | (7,579) | ||
Ending balance | 520,326 | 481,244 | |||
Loans at amortized cost net category | Credit card | 12-month expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 203,908 | 173,884 | |||
Transfer (from) to 12 month expected credit losses | 26,178 | 22,148 | |||
Transfer (from) to lifetime expected credit losses | (14,471) | (11,568) | |||
Transfer (from) to credit- impaired financial assets | (1,003) | (901) | |||
Provided (reversed) | 75,981 | 103,793 | |||
Charge off | 0 | [1] | 0 | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | 0 | 0 | |||
Collection | 0 | 0 | |||
Others | [3] | (85,882) | (83,448) | ||
Ending balance | 204,711 | 203,908 | |||
Loans at amortized cost net category | Credit card | Lifetime expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 374,453 | 365,248 | |||
Transfer (from) to 12 month expected credit losses | (26,149) | (21,591) | |||
Transfer (from) to lifetime expected credit losses | 14,548 | 11,834 | |||
Transfer (from) to credit- impaired financial assets | (1,503) | (2,041) | |||
Provided (reversed) | 202,000 | 210,592 | |||
Charge off | 0 | [1] | 0 | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | 0 | 0 | |||
Collection | 0 | 0 | |||
Others | [3] | (162,272) | (189,589) | ||
Ending balance | 401,077 | 374,453 | |||
Loans at amortized cost net category | Credit card | Financial instruments credit-impaired | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 306,690 | 314,850 | |||
Transfer (from) to 12 month expected credit losses | (29) | (557) | |||
Transfer (from) to lifetime expected credit losses | (77) | (266) | |||
Transfer (from) to credit- impaired financial assets | 2,506 | 2,942 | |||
Provided (reversed) | 137,456 | 137,254 | |||
Charge off | (566,944) | [1] | (572,008) | [2] | |
Amortization of discount | 7,973 | (7,807) | |||
Disposal | 0 | 0 | |||
Collection | 207,631 | 200,234 | |||
Others | [3] | 194,026 | 232,048 | ||
Ending balance | 289,232 | 306,690 | |||
Loans at amortized cost net category | Others | 12-month expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 11,434 | 7,501 | |||
Transfer (from) to 12 month expected credit losses | 200 | 164 | |||
Transfer (from) to lifetime expected credit losses | (359) | (242) | |||
Transfer (from) to credit- impaired financial assets | (7) | (13) | |||
Provided (reversed) | (1,342) | 4,188 | |||
Charge off | 0 | [1] | 0 | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | 0 | 0 | |||
Collection | 0 | 0 | |||
Others | [3] | 269 | (164) | ||
Ending balance | 10,195 | 11,434 | |||
Loans at amortized cost net category | Others | Lifetime expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 9,601 | 7,481 | |||
Transfer (from) to 12 month expected credit losses | (200) | (164) | |||
Transfer (from) to lifetime expected credit losses | 359 | 242 | |||
Transfer (from) to credit- impaired financial assets | 0 | (9) | |||
Provided (reversed) | (503) | 2,048 | |||
Charge off | 0 | [1] | 0 | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | 0 | 0 | |||
Collection | 0 | 0 | |||
Others | [3] | 1 | 3 | ||
Ending balance | 9,258 | 9,601 | |||
Loans at amortized cost net category | Others | Financial instruments credit-impaired | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 6,417 | 2,151 | |||
Transfer (from) to 12 month expected credit losses | 0 | 0 | |||
Transfer (from) to lifetime expected credit losses | 0 | 0 | |||
Transfer (from) to credit- impaired financial assets | 7 | 22 | |||
Provided (reversed) | (598) | 6,823 | |||
Charge off | (1,218) | [1] | (2,531) | [2] | |
Amortization of discount | 0 | 0 | |||
Disposal | (1) | (182) | |||
Collection | 887 | 134 | |||
Others | [3] | 0 | 0 | ||
Ending balance | 5,494 | 6,417 | |||
Due from banks at amortized cost and other financial assets | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 92,902 | 78,849 | |||
Transfer (from) to 12 month expected credit losses | 0 | 0 | |||
Transfer (from) to lifetime expected credit losses | 0 | 0 | |||
Transfer (from) to credit- impaired financial assets | 0 | 0 | |||
Provided (reversed) | 52,162 | 33,785 | |||
Charge off | (27,929) | (26,814) | |||
Disposal | (40) | (34) | |||
Collection | 2,357 | 2,166 | |||
Others | [3] | 142,507 | 4,950 | ||
Ending balance | 261,959 | 92,902 | |||
Due from banks at amortized cost and other financial assets | 12-month expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 35,691 | 33,987 | |||
Transfer (from) to 12 month expected credit losses | 241 | 286 | |||
Transfer (from) to lifetime expected credit losses | (284) | (259) | |||
Transfer (from) to credit- impaired financial assets | (290) | (256) | |||
Provided (reversed) | 8,555 | (2,143) | |||
Charge off | 0 | 0 | |||
Disposal | 0 | (2) | |||
Collection | 0 | 0 | |||
Others | [3] | 139,995 | 4,078 | ||
Ending balance | 183,908 | 35,691 | |||
Due from banks at amortized cost and other financial assets | Lifetime expected credit losses | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 8,281 | 7,272 | |||
Transfer (from) to 12 month expected credit losses | (230) | (273) | |||
Transfer (from) to lifetime expected credit losses | 288 | 264 | |||
Transfer (from) to credit- impaired financial assets | (2,012) | (1,492) | |||
Provided (reversed) | 1,426 | 2,650 | |||
Charge off | 0 | 0 | |||
Disposal | 0 | 0 | |||
Collection | 0 | 0 | |||
Others | [3] | 255 | (140) | ||
Ending balance | 8,008 | 8,281 | |||
Due from banks at amortized cost and other financial assets | Financial instruments credit-impaired | |||||
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items] | |||||
Beginning balance | 48,930 | 37,590 | |||
Transfer (from) to 12 month expected credit losses | (11) | (13) | |||
Transfer (from) to lifetime expected credit losses | (4) | (5) | |||
Transfer (from) to credit- impaired financial assets | 2,302 | 1,748 | |||
Provided (reversed) | 42,181 | 33,278 | |||
Charge off | (27,929) | (26,814) | |||
Disposal | (40) | (32) | |||
Collection | 2,357 | 2,166 | |||
Others | [3] | 2,257 | 1,012 | ||
Ending balance | ₩ 70,043 | ₩ 48,930 | |||
[1] | The amount of uncollected loans currently in recovery (principal and interest) is W10,613,730 million, which is written off as of December 31, 2021. | ||||
[2] | The amount of uncollected loans currently in recovery (principal and interest) is W10,436,407 million, which is written off as of December 31, 2020. | ||||
[3] | Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate. |
Loans at amortized cost, etc._5
Loans at amortized cost, etc. - Changes in deferred loan origination costs and fees (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in deferred loan origination costs [Abstract] | ||
Beginning balance | ₩ 516,815 | ₩ 534,530 |
Loan origination | 255,482 | 257,034 |
Amortization, etc. | (228,936) | (274,749) |
Ending balance | ₩ 543,361 | ₩ 516,815 |
Property and equipment (Details
Property and equipment (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Land | ₩ 2,173,134 | ₩ 2,219,227 | |
Buildings | 756,486 | 810,761 | |
Right-of-use assets | 608,127 | 590,417 | |
Other assets | 508,417 | 369,292 | |
Total | 4,046,164 | 3,989,697 | ₩ 4,083,328 |
Acquisition cost | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Land | 2,173,134 | 2,219,227 | |
Buildings | 1,210,401 | 1,230,187 | |
Right-of-use assets | 1,229,169 | 1,016,183 | |
Other assets | 2,294,740 | 2,197,485 | |
Total | 6,907,444 | 6,663,082 | |
Accumulated depreciation | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Land | 0 | 0 | |
Buildings | (446,321) | (419,426) | |
Right-of-use assets | (621,042) | (425,766) | |
Other assets | (1,786,323) | (1,828,193) | |
Total | (2,853,686) | ₩ (2,673,385) | |
Accumulated Impairment | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Land | 0 | ||
Buildings | (7,594) | ||
Right-of-use assets | 0 | ||
Other assets | 0 | ||
Total | ₩ (7,594) |
Property and equipment - Change
Property and equipment - Changes in property and equipment (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||||
Schedule of Changes in property and equipment [Line Items] | ||||||
Beginning balance | ₩ 3,989,697 | ₩ 4,083,328 | ||||
Acquisitions | 639,829 | [1] | 581,810 | [2] | ||
Disposals | (34,103) | (166,151) | ||||
Depreciation | (493,335) | [3] | (475,506) | |||
Impairment | (7,594) | 0 | ₩ 0 | |||
Amounts transferred from(to) investment property | (73,773) | 4,064 | ||||
Amounts transferred from(to) intangible assets | 3,676 | 3,738 | ||||
Amounts transferred from(to) assets held for sale | [4] | (1,022) | (31,633) | |||
Others | (2,235) | |||||
Effects of foreign currency adjustments | 22,789 | (8,553) | ||||
Business combination (Note 47) | 835 | |||||
Ending balance | 4,046,164 | 3,989,697 | 4,083,328 | |||
Land | ||||||
Schedule of Changes in property and equipment [Line Items] | ||||||
Beginning balance | 2,219,227 | 1,815,112 | ||||
Acquisitions | 513 | [1] | 78,066 | [2] | ||
Disposals | (709) | (92,683) | ||||
Depreciation | [3] | 0 | ||||
Impairment | 0 | |||||
Amounts transferred from(to) investment property | (46,046) | 55,316 | ||||
Amounts transferred from(to) intangible assets | 0 | |||||
Amounts transferred from(to) assets held for sale | [4] | (169) | (31,622) | |||
Amounts transferred from(to) right-of-use assets | 395,346 | |||||
Effects of foreign currency adjustments | 318 | (308) | ||||
Ending balance | 2,173,134 | 2,219,227 | 1,815,112 | |||
Buildings | ||||||
Schedule of Changes in property and equipment [Line Items] | ||||||
Beginning balance | 810,761 | 790,449 | ||||
Acquisitions | 32,777 | [1] | 56,828 | [2] | ||
Disposals | (1,378) | (46,897) | ||||
Depreciation | (49,646) | [3] | (56,041) | |||
Impairment | (7,594) | |||||
Amounts transferred from(to) investment property | (27,727) | (51,252) | ||||
Amounts transferred from(to) intangible assets | 0 | |||||
Amounts transferred from(to) assets held for sale | [4] | (853) | (11) | |||
Amounts transferred from(to) right-of-use assets | 118,091 | |||||
Effects of foreign currency adjustments | 146 | (406) | ||||
Ending balance | 756,486 | 810,761 | 790,449 | |||
Right-of-use assets | ||||||
Schedule of Changes in property and equipment [Line Items] | ||||||
Beginning balance | 590,417 | 1,112,796 | ||||
Acquisitions | 316,925 | [1] | 305,958 | [2] | ||
Disposals | (26,930) | (24,173) | ||||
Depreciation | (289,585) | [3] | (286,028) | |||
Impairment | 0 | |||||
Amounts transferred from(to) investment property | 0 | |||||
Amounts transferred from(to) intangible assets | 0 | |||||
Amounts transferred from(to) assets held for sale | [4] | 0 | ||||
Amounts transferred from(to) right-of-use assets | (513,437) | |||||
Others | 0 | |||||
Effects of foreign currency adjustments | 17,300 | (5,380) | ||||
Business combination (Note 47) | 681 | |||||
Ending balance | 608,127 | 590,417 | 1,112,796 | |||
Others | ||||||
Schedule of Changes in property and equipment [Line Items] | ||||||
Beginning balance | 369,292 | 364,971 | ||||
Acquisitions | 289,614 | [1] | 140,958 | [2] | ||
Disposals | (5,086) | (2,398) | ||||
Depreciation | (154,104) | [3] | (133,437) | |||
Impairment | 0 | |||||
Amounts transferred from(to) investment property | 0 | |||||
Amounts transferred from(to) intangible assets | 3,676 | 3,738 | ||||
Amounts transferred from(to) assets held for sale | [4] | 0 | ||||
Others | (2,235) | |||||
Effects of foreign currency adjustments | 5,025 | (2,459) | ||||
Business combination (Note 47) | 154 | |||||
Ending balance | ₩ 508,417 | ₩ 369,292 | ₩ 364,971 | |||
[1] | W18,748 million transferred from assets-under-construction is included. | |||||
[2] | W56,575 million transferred from assets-under-construction is included. | |||||
[3] | Included in general administrative expense and other operating income(loss) of the consolidated statements of comprehensive income. | |||||
[4] | Includes buildings, land, etc. |
Property and equipment - Chan_2
Property and equipment - Changes in property and equipment (Details) (Parenthetical) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in property, plant and equipment [abstract] | ||
Transferred from assets under construction | ₩ 18,748 | ₩ 56,575 |
Property and equipment - Insure
Property and equipment - Insured assets (Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2021KRW (₩) | |
Cash (including ATM) | |
Insured assets [Line Items] | |
Amount covered | ₩ 25,500 |
Type of insurance | Comprehensive insurance for financial institutions |
Insurance company | Samsung Fire & Marine Insurance Co., Ltd., etc. |
Property total risk, Machine risk, General liability collateral | |
Insured assets [Line Items] | |
Amount covered | ₩ 1,920,218 |
Type of insurance | Comprehensive Property insurance |
Insurance company | Samsung Fire & Marine Insurance Co., Ltd., etc. |
Business property and real estate | |
Insured assets [Line Items] | |
Amount covered | ₩ 26,164 |
Type of insurance | Fire insurance |
Insurance company | Meritz Fire & Marine Insurance Co., Ltd., etc. |
Officer liability of executives | |
Insured assets [Line Items] | |
Amount covered | ₩ 50,000 |
Type of insurance | Compensation liability insurance for officers |
Insurance company | Meritz Fire & Marine Insurance Co., Ltd., etc. |
Employees | |
Insured assets [Line Items] | |
Amount covered | ₩ 79,798 |
Type of insurance | Compensation liability insurance for employee accident |
Insurance company | Meritz Fire & Marine Insurance Co., Ltd., etc. |
Cash and securities | |
Insured assets [Line Items] | |
Amount covered | ₩ 79,755 |
Type of insurance | Burglary insurance |
Insurance company | Samsung Fire & Marine Insurance Co., Ltd., etc. |
Personal information liability insurance etc. | |
Insured assets [Line Items] | |
Amount covered | ₩ 33,478 |
Type of insurance | Others |
Insurance company | Samsung Fire & Marine Insurance Co., Ltd., etc. |
Intangible assets - Intangible
Intangible assets - Intangible assets, net (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about intangible assets [abstract] | |||
Goodwill | ₩ 4,670,134 | ₩ 4,689,792 | ₩ 4,690,049 |
Software | 192,582 | 144,535 | |
Development cost | 229,148 | 183,592 | |
Others | 552,918 | 462,700 | |
Intangible assets, net | ₩ 5,644,782 | ₩ 5,480,619 | ₩ 5,558,714 |
Intangible assets - Changes in
Intangible assets - Changes in intangible assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | ||||
Changes in intangible assets [Line Items] | |||||
Beginning balance | ₩ 5,480,619 | ₩ 5,558,714 | |||
Acquisition | 457,150 | 233,375 | |||
Disposal and Write-off | (8,409) | (26,861) | |||
Amounts transferred from(to) property and equipment | (3,676) | (3,738) | |||
Impairment | (34,544) | [1] | (41,310) | [2],[3] | |
Amortization | [4] | (262,880) | (252,605) | ||
Effects of changes in foreign exchange rate | 2,671 | (1,396) | |||
Business combination (Note 47) | 13,851 | 14,440 | |||
Ending balance | 5,644,782 | 5,480,619 | |||
Goodwill | |||||
Changes in intangible assets [Line Items] | |||||
Beginning balance | 4,689,792 | 4,690,049 | |||
Acquisition | 0 | 0 | |||
Disposal and Write-off | 0 | 0 | |||
Amounts transferred from(to) property and equipment | 0 | 0 | |||
Impairment | (33,509) | [1] | (14,235) | [2],[3] | |
Amortization | [4] | 0 | 0 | ||
Effects of changes in foreign exchange rate | 0 | 0 | |||
Business combination (Note 47) | 13,851 | 13,978 | |||
Ending balance | 4,670,134 | 4,689,792 | |||
Software | |||||
Changes in intangible assets [Line Items] | |||||
Beginning balance | 144,535 | 129,235 | |||
Acquisition | 103,929 | 64,195 | |||
Disposal and Write-off | (2,341) | (1) | |||
Amounts transferred from(to) property and equipment | 0 | 1,415 | |||
Impairment | 0 | [1] | 0 | [2],[3] | |
Amortization | [4] | (55,531) | (49,159) | ||
Effects of changes in foreign exchange rate | 1,990 | (1,150) | |||
Business combination (Note 47) | 0 | 0 | |||
Ending balance | 192,582 | 144,535 | |||
Development cost | |||||
Changes in intangible assets [Line Items] | |||||
Beginning balance | 183,592 | 144,100 | |||
Acquisition | 127,993 | 105,101 | |||
Disposal and Write-off | (719) | (75) | |||
Amounts transferred from(to) property and equipment | (3,676) | (7,820) | |||
Impairment | (270) | [1] | 0 | [2],[3] | |
Amortization | [4] | (77,734) | (57,690) | ||
Effects of changes in foreign exchange rate | (38) | (24) | |||
Business combination (Note 47) | 0 | 0 | |||
Ending balance | 229,148 | 183,592 | |||
Others | |||||
Changes in intangible assets [Line Items] | |||||
Beginning balance | 462,700 | 595,330 | |||
Acquisition | 225,228 | 64,079 | |||
Disposal and Write-off | (5,349) | (26,785) | |||
Amounts transferred from(to) property and equipment | 0 | 2,667 | |||
Impairment | (765) | [1] | (27,075) | [2],[3] | |
Amortization | [4] | (129,615) | (145,756) | ||
Effects of changes in foreign exchange rate | 719 | (222) | |||
Business combination (Note 47) | 0 | 462 | |||
Ending balance | ₩ 552,918 | ₩ 462,700 | |||
[1] | Goodwill impairment has occurred at Shinhan Bank Indonesia within the banking sector and PT Shinhan Sekuritas Indonesia within the securities sector among the cash-generating units. After the impairment test for goodwill of Shinhan Bank Indonesia, among the carrying value exceeding recoverable amount of cash-generating unit, which is W32,396 million, the Group has recognized W32,072 million as an impairment of goodwill which is 99% of the Group’s total stake. After the impairment test for goodwill of PT Shinhan Sekuritas Indonesia, among the carrying value exceeding recoverable amount of cash-generating unit, which is W2,595 million, the Group has recognized W2,569 million as an impairment of goodwill which is 99% of the Group’s total stake. This has occurred as a result of the persistent low-interest rate in Indonesia, the impact of COVID-19, and the decrease in the recoverable amount due to increased provisions of corporate borrowers. For the year ended December 31, 2021, the decrease in the asset’s recoverable amount in comparison to the previous year is W56,587 million and W8,715 million, respectively. The amount of goodwill impairment recognized is included in the non-operating expenses of the consolidated statement of comprehensive income. | ||||
[2] | The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2020, the impairment loss amounted to W27,133 million. The impairment loss is included in the non-operating expenses in the consolidated statement of comprehensive income. | ||||
[3] | The number of customer contacts decreased due to the decrease in the base interest rate in Indonesia in 2020 and the impact of COVID-19. Therefore, reclaimable amount decreased due to reduced loan and increased provisioning by corporate borrowers. PT Bank Shinhan Indonesia’s CGUs can recover W409,968 million. The carrying value exceeding the recoverable amount of PT Bank Shinhan Indonesia’s CGUs is W14,379 million. The Group recognized as impairment losses of W14,235 million based on the 99% stake the Group owns. | ||||
[4] | Included in general administrative expense and other operating income (expense) of the consolidated statements of comprehensive income. |
Intangible assets - Goodwill al
Intangible assets - Goodwill allocated in the Group's CGUs (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Goodwill | ||
Goodwill allocated in the Group's CGUs [Line Items] | ||
Goodwill allocated in the Group's CGUs | ₩ 4,670,134 | ₩ 4,689,792 |
Banking | ||
Goodwill allocated in the Group's CGUs [Line Items] | ||
Goodwill allocated in the Group's CGUs | 764,883 | 795,823 |
Credit card | ||
Goodwill allocated in the Group's CGUs [Line Items] | ||
Goodwill allocated in the Group's CGUs | 2,880,383 | 2,880,383 |
Securities | ||
Goodwill allocated in the Group's CGUs [Line Items] | ||
Goodwill allocated in the Group's CGUs | 5,335 | 7,904 |
Life insurance | ||
Goodwill allocated in the Group's CGUs [Line Items] | ||
Goodwill allocated in the Group's CGUs | 853,798 | 839,947 |
Others | ||
Goodwill allocated in the Group's CGUs [Line Items] | ||
Goodwill allocated in the Group's CGUs | ₩ 165,735 | ₩ 165,735 |
Intangible assets - Changes i_2
Intangible assets - Changes in goodwill (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Changes in goodwill [abstract] | |||
Beginning balance | ₩ 4,689,792 | ₩ 4,690,049 | |
Acquisitions through business combinations | [1],[2] | 13,851 | 13,978 |
Impairment losses | (33,509) | (14,235) | |
Ending balance | ₩ 4,670,134 | ₩ 4,689,792 | |
[1] | It is the goodwill recognized by Shinhan Financial Plus, a subsidiary acquired in the period, from a business transfer for the GF division and IMGA division of Leaders Financial Marketing (Note 47). | ||
[2] | It is the goodwill recognized by the Group as it newly acquired the Shinhan Venture Investment Co., Ltd. for the year ended December 31, 2020 (Note 47). |
Intangible assets - Additional
Intangible assets - Additional Information (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
Explaration of period over which management has projected cash flow estimates | When evaluating the value in use, 4.5 years~5.5 years of cash flow estimates are used in projection and the value thereafter is reflected as terminal value. 99 years of cash flow estimates for Shinhan Life Insurance Co., Ltd. is applied and the present value of the future cash flows thereafter is not applied as it is not significant. |
Intangible assets - Discount ra
Intangible assets - Discount rates and terminal growth rates (Details) | Dec. 31, 2021 |
Banking | Minimum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 9.70% |
Growth rate used to extrapolate cash flow projections | 1.00% |
Banking | Maximum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 12.10% |
Growth rate used to extrapolate cash flow projections | 2.00% |
Credit card | Minimum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 9.30% |
Growth rate used to extrapolate cash flow projections | 1.00% |
Credit card | Maximum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 11.80% |
Growth rate used to extrapolate cash flow projections | 2.00% |
Life insurance | Minimum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 7.50% |
Life insurance | Maximum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 12.70% |
Securities | |
Disclosure of detailed information about intangible assets [line items] | |
Growth rate used to extrapolate cash flow projections | 2.00% |
Securities | Minimum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 11.60% |
Securities | Maximum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 12.60% |
Others | |
Disclosure of detailed information about intangible assets [line items] | |
Growth rate used to extrapolate cash flow projections | 1.00% |
Others | Minimum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 10.80% |
Others | Maximum | |
Disclosure of detailed information about intangible assets [line items] | |
Discount rate applied to cash flow projections | 14.90% |
Intangible assets - Key assumpt
Intangible assets - Key assumptions used in the discounted cash flow calculations of CGUs (Details) | Dec. 31, 2021 |
Other Than Life insurance [Member] | CPI growth [Member] | 2021 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.20% |
Other Than Life insurance [Member] | CPI growth [Member] | 2022 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 1.70% |
Other Than Life insurance [Member] | CPI growth [Member] | 2023 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 1.40% |
Other Than Life insurance [Member] | CPI growth [Member] | 2024 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 1.70% |
Other Than Life insurance [Member] | CPI growth [Member] | 2025 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 1.50% |
Other Than Life insurance [Member] | CPI growth [Member] | 2026 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 1.50% |
Other Than Life insurance [Member] | Private Consumption Growth [Member] | 2021 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 3.10% |
Other Than Life insurance [Member] | Private Consumption Growth [Member] | 2022 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.60% |
Other Than Life insurance [Member] | Private Consumption Growth [Member] | 2023 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.50% |
Other Than Life insurance [Member] | Private Consumption Growth [Member] | 2024 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.70% |
Other Than Life insurance [Member] | Private Consumption Growth [Member] | 2025 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.60% |
Other Than Life insurance [Member] | Private Consumption Growth [Member] | 2026 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.60% |
Other Than Life insurance [Member] | Real GDP Growth [Member] | 2021 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 3.80% |
Other Than Life insurance [Member] | Real GDP Growth [Member] | 2022 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.70% |
Other Than Life insurance [Member] | Real GDP Growth [Member] | 2023 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.50% |
Other Than Life insurance [Member] | Real GDP Growth [Member] | 2024 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 3.00% |
Other Than Life insurance [Member] | Real GDP Growth [Member] | 2025 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.80% |
Other Than Life insurance [Member] | Real GDP Growth [Member] | 2026 [member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 2.80% |
Life Insurance Component [Member] | Rate Of Return On Investment [Member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 3.10% |
Life Insurance Component [Member] | Risk Based Capital Ratio [Member] | |
Disclosure of information for cash-generating units [line items] | |
Key Assumptions Used In The Discounted Cash Flow Projections Of Cash Generating Units, Rate | 150.00% |
Intangible assets - Total recov
Intangible assets - Total recoverable amount and total carrying value of CGUs to which goodwill has been allocated (Details) ₩ in Millions | Dec. 31, 2021KRW (₩) | |
Total Recoverable Amount And Total Carrying Value Of CGUs To Which Goodwill Has Been Allocated, Are As Follows [Abstract] | ||
Total recoverable amount | ₩ 51,932,888 | |
Total carrying value | 45,482,263 | [1] |
Difference | ₩ 6,450,625 | |
[1] | It is the carrying value after reflecting the impairment loss in the banking and securities sector. |
Intangible assets - Changes i_3
Intangible assets - Changes in intangible assets parenthetical (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Depository Bank Of Local Governments [Member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Impairment loss | ₩ 2,569 | ₩ 27,133 |
Decrease in the asset's recoverable amount | 8,715 | |
PT Bank Shinhan Indonesias CGUs [Member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [line items] | ||
Cash generating units recoverable amount | 32,396 | 409,968 |
Amount by which carry amount exceeds its units recoverable amount | 32,072 | 14,379 |
Impairment loss | 2,595 | ₩ 14,235 |
Decrease in the asset's recoverable amount | ₩ 56,587 |
Investments in associates (Deta
Investments in associates (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
BNP Paribas Cardif Life Insurance | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | September 30 | |
Ownership | 14.99% | 14.99% |
Songrim Partners | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 35.34% | 35.34% |
Partners 4th Growth Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | September 30 | |
Ownership | 25.00% | 25.00% |
KTB Newlake Global Healthcare PEF | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | September 30 | |
Ownership | 30.00% | 30.00% |
DAEKWANG SEMICONDUCTOR CO., LTD. | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 20.94% | |
Shinhan-Neoplux Energy Newbiz Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 31.66% | 31.66% |
Shinhan-Albatross Tech Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | 49.97% |
VOGO Debt Strategy Qualified IV Private | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 20.00% | 20.00% |
Shinhan-Midas Donga Secondary Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | 50.00% |
Shinhan Praxis K-Growth Global Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 18.87% | 18.87% |
Credian Healthcare Private Equity Fund II | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 34.07% | |
Kiwoom Milestone Professional Private Real Estate Trust 19 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | 50.00% |
AIP EUROGREEN Private Real Estate Investment Trust No.3 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.28% | 21.28% |
Shinhan Global Healthcare Fund 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 4.41% | 4.41% |
JB Power TL Investment Type Private Placement Special Asset Fund 7 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 33.33% | |
KB NA Hickory Private Special Asset Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 37.50% | 37.50% |
Koramco Europe Core Private Placement Real Estate Fund No.2-2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 44.02% | 44.02% |
BNP Paribas Cardif General Insurance | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 5.46% | 7.46% |
Hermes Private Investment Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.17% | 29.17% |
Shinhan-Nvestor Liquidity Solution Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.92% | 24.92% |
Shinhan AIM FoF Fund 1a | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 25.00% | 25.00% |
IGIS Global Credit Fund 150-1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 25.00% | 25.00% |
Partner One Value up I Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 27.91% | 27.91% |
Genesis No.1 Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 22.80% | 22.80% |
Korea Omega Project Fund III | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 23.53% | 23.53% |
Soo Delivery Platform Growth Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 30.00% | 30.00% |
Genesis North America Power Company No.1 PEF | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 40.03% | 39.96% |
Hyungje art printing | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 31.54% | |
SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 23.33% | 23.33% |
Korea Finance Security | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | September 30 | |
Ownership | 14.91% | 14.91% |
Multimedia Tech Co.Ltd | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 21.06% | |
MIEL CO.,LTD | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 28.77% | 28.77% |
AIP Transportation Specialized Privately Placed Fund Trust #1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 35.73% | 35.73% |
DB Epic Convertiblebond Private Trust No.2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 50.98% | |
E&Healthcare Investment Fund No.6 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.05% | 21.05% |
One Shinhan Global Fund 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 20.56% | 19.96% |
Kiwoom-Shinhan Innovation Fund I | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | 50.00% |
Daishin-K&T New Technology Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 31.25% | 31.25% |
Midas Asset Global CRE Debt Private Fund No.6 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 41.16% | 41.16% |
Richmond Private Investment Trust No.82 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 60.00% | |
Tiger Alternative Real Estate Professional Private5 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 48.71% | |
Samchully Midstream Private Placement Special Asset Fund 5-4 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 42.92% | 42.92% |
SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 20.00% | 20.00% |
NH-Amundi Global Infrastructure Trust 14 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 30.00% | 30.00% |
Jarvis Memorial Private Investment Trust 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 99.01% | 99.01% |
Mastern Private Investment Trust 68 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 53.76% | |
Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 60.00% | 60.00% |
Milestone Private Real Estate Fund 3 (Derivative Type) | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 32.06% | 32.06% |
IGIS Private Real Estate Investment Trust 286 (2 class) | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 41.44% | |
Nomura-Rifa Private Real Estate Investment Trust 31 (2 class) | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 31.31% | 31.31% |
SH Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.27% | 21.27% |
Hana Semiconductor New Technology Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 24.30% | |
J&Magnet Startup Venture Specialized Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 24.39% | |
Cape IT Fund No.3 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 32.89% | 32.89% |
FuturePlay-Shinhan TechInnovation Fund 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | 50.00% |
Stonebridge Corporate 1st Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 44.12% | 44.12% |
Vogo Realty Partners Private Real Estate Fund V | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.64% | 21.64% |
Korea Credit Bureau | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | September 30 | |
Ownership | 9.00% | 9.00% |
SBC PFV Co., Ltd | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | September 30 | |
Ownership | 25.00% | 25.00% |
NH-amundi global infra private fund 16 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | 50.00% |
IMM Global Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 33.00% | 33.00% |
HANA Alternative Estate Professional Private122 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 74.02% | 75.19% |
Hanwha-Incus Plus New Technology Fund No.1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 42.64% | |
SH Corporate Professional Investment Type Private Security Investment Trust No.7 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 45.96% | 45.96% |
SH BNCT Professional Investment Type Private Special Asset Investment Trust | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 72.50% | 72.39% |
PSA EMP Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 28.99% | |
Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 52.28% | 52.28% |
BRAIN DO PROFESSIONALE PRIVATE No. 27 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.13% | 29.13% |
UI Venture Fund 7th | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 24.39% | |
Sparklabs-Shinhan Opportunity Fund 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 49.50% | 49.50% |
BNW Tech-Innovation Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.85% | 29.85% |
IGIS Real-estate Private Investment Trust No.33 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 40.86% | 40.86% |
Findvalue PreIPO 6th Professional Investment Type Private Investment Trust | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 31.58% | |
WWG Global Real Estate Investment Trust no.4 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.55% | 29.55% |
Goduck Gangil10 PFV Co., Ltd | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | September 30 | |
Ownership | 19.90% | 19.90% |
Fidelis Global Private Real Estate Trust No.2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 78.26% | 78.26% |
IGIS PRIVATE REAL ESTATE TRUST NO.331 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 30.77% | |
AIP EURO PRIVATE REAL ESTATE TRUST No. 12 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 28.70% | 28.70% |
Shinhan Healthcare Fund 2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 13.68% | 13.68% |
Pebblestone CGV Private Real Estate Trust No.1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 48.53% | 48.53% |
SH Corporate Professional Investment Type Private Security Investment Trust No.45 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 43.65% | |
Shinhan AIM Real Estate Fund No.2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 30.00% | 30.00% |
Shinhan AIM Real Estate Fund No.1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.01% | 21.01% |
SH Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 22.02% | 22.02% |
SH Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.19% | 29.19% |
SH Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 71.43% | 71.43% |
SH Japan Photovoltaic Private Special Asset Investment Trust No. 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 30.00% | |
Korea Omega-Shinhan Project Fund I | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | 50.00% |
ST-Bonanja Food tech | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 38.83% | 38.83% |
New Green Shinhan Mezzanine Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 39.22% | |
KORAMKO-Daum Professional Private Investment Trust No.12 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 33.33% | |
Samsung SRA Real Estate Professional Private 45[FoFs] | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 25.00% | 25.00% |
IBK Global New Renewable Energy Special Asset Professional Private2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 28.98% | 28.98% |
VS Cornerstone Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 41.18% | 41.18% |
Aone Mezzanine Opportunity Professional Private | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 66.09% | 66.12% |
KiwoomUnicorn3New Technology Business Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 21.28% | |
Multi Asset The United States Thortons Professional Private1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 25.00% | |
Kiwoom Milestone US Real Estate Professional Private20 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 75.27% | |
NH-Amundi US Infrastructure Private Fund2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 25.91% | 25.91% |
KB Distribution Private Real Estate1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 62.00% | 62.00% |
SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business] | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 28.93% | |
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative] | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 30.00% | 30.00% |
Kakao-Shinhan 1st TNYT Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 48.62% | 48.62% |
IMM Special Situation 1-2 PRIVATE EQUITY FUND | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 20.00% | 20.02% |
Pacific Private Placement Real Estate Fund No.40 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.73% | 24.73% |
Mastern Private Real Estate Loan Fund No.2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 33.57% | 33.57% |
LB Scotland Amazon Fulfillment Center Fund 29 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 70.14% | 70.14% |
JR AMC Hungary Budapest Office Fund 16 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 32.57% | 32.57% |
IGIS 372 Real Estate Professional Private | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 28.39% | |
EDNCENTRAL Co.,Ltd | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 19.87% | 19.87% |
KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 19.00% | |
Future-Creation Neoplux Venture Capital Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 16.25% | 16.25% |
Gyeonggi-Neoplux Superman Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.76% | 21.76% |
NewWave 6th Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 30.00% | 30.00% |
KTC-NP Growth Champ 2011-2 Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 5.56% | 5.56% |
Neoplux No.3 Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 10.00% | 10.00% |
PCC Amberstone Private Equity Fund I | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.67% | 21.67% |
KIAMCO POWERLOAN TRUST 4TH | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 47.37% | 47.37% |
Mastern Opportunity Seeking Real Estate Fund II | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 20.00% | 20.00% |
AION ELFIS PROFESSIONAL PRIVATE 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 20.00% | 20.00% |
T&F 2020 SS Private Equity Fund Specializing in Start-up and Venture Business | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.68% | 29.68% |
Neoplux Market-Frontier Secondary Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 19.74% | 19.74% |
Harvest Private Equity Fund II | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 22.06% | 22.06% |
Synergy Green New Deal 1st New Technology Business Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 28.17% | 28.17% |
KAIM Real-estate Private Investment Trust 20 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 38.46% | 38.46% |
KIAMCO Vietnam Solar Special Asset Private Investment Trust | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | 50.00% |
Daishin New Technology Investment Fund 5th | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 23.44% | 23.44% |
CSQUARE SNIPER PROFESSIONAL PRIVATE 10 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 62.50% | 62.50% |
Acurus Hyundai Investment Partners New Technology | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 26.79% | 26.79% |
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 97.10% | 97.85% |
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 97.10% | 97.85% |
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 25.00% | 25.00% |
IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Ownership | 58.82% | |
SHINHAN-NEO Core Industrial Technology Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 49.75% | 49.75% |
SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 30.00% | 30.00% |
SIMONE Mezzanine Fund No.3 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.38% | 29.38% |
Eum Private Equity Fund No.7 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.00% | 21.00% |
Kiwoom Private Equity Ant-Man Startup Venture Specialized Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 25.00% | 25.00% |
Kiwoom Hero No.4 Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.05% | 21.05% |
Vogo Canister Professional Trust Private Fund I | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 36.53% | 36.68% |
SW-S Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 30.30% | |
CL Buyout 1st PEF | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.43% | |
Timefolio The Venture-V second | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 20.73% | |
Newlake Growth Capital Partners2 PEF | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.91% | |
Shinhan Smilegate Global PEF I | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 14.21% | |
Fount Professional Investors Private Investment Trust No.3 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 49.98% | |
Genesis Eco No.1 PEF | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.01% | |
SHINHAN-NEO Market-Frontier 2nd Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 42.70% | |
NH-Synergy Core Industrial New Technology Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 36.93% | |
J& Moorim Jade Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.89% | |
Ulmus SHC innovation investment fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.04% | |
Mirae Asset Partners X Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 35.71% | |
T Core Industrial Technology 1st Venture PEF | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 31.47% | |
Curious Finale Corporate Recovery Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 27.78% | |
TI First Property Private Investment Trust 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 40.00% | |
MPLUS Professional Private Real Estate Fund 25 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 41.67% | |
IBKC Global Contents Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.39% | |
Nautic Smart No.6 Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 37.74% | |
Premier Luminous Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 27.78% | |
Hanyang-Meritz 1 Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 22.58% | |
KNT 2ND PRIVATE EQUITY FUND | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 21.74% | |
Maple Mobility Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 20.18% | |
AVES 1st Corporate Recovery Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 76.19% | |
JS Shinhan Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 3.85% | |
Daishin Newgen New Technology Investment Fund 1st | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.60% | |
META ESG Private Equity Fund I | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 27.40% | |
SWFV FUND-1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 40.25% | |
PHAROS DK FUND | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.24% | |
Shinhan VC tomorrow venture fund 1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 39.62% | |
Highland 2021-8 Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 32.67% | |
Medicii 2021-3 Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.81% | |
Tres-Yujin Trust | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | |
Shinhan-Time mezzanine blind Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | |
Capstone REITs No.26 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 50.00% | |
JB Incheon-Bucheon REITS No.54 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 39.31% | |
Hankook Smart Real Asset Investment Trust No.3 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 33.33% | |
JB Hwaseong-Hadong REITs No.53 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 31.03% | |
KB Oaktree Trust No.3 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 33.33% | |
Daehan No.36 Office Asset Management Company | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 48.05% | |
Rhinos Premier Mezzanine Private Investment Fund No.1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 27.93% | |
SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.73% | |
Shinhan JigaeNamsan Road Private Special Asset Investment Trust | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.85% | |
SKS-Yozma Fund No.1 | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 29.85% | |
IBKC-METIS Global Contents Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 36.36% | |
Keistone Unicorn Private Equity Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 28.00% | |
Goduck Gangil1 PFV Co., Ltd | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | September 30 | |
Ownership | 1.04% | 1.04% |
ShinHan – Soo Young Entrepreneur Investment Fund | ||
Investments in associates [Line Items] | ||
Country | Korea | |
Reporting date | December 31 | |
Ownership | 24.00% | 24.00% |
Investments in associates (Pare
Investments in associates (Parenthetical) (Details) | Dec. 31, 2020 |
Disclosure of associates [abstract] | |
Rate of group voting rights | 4.65% |
Investments in associates - Cha
Investments in associates - Changes in investments in associates (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | ₩ 2,657,768 | ₩ 1,452,861 | |
Investment and Dividend | 101,582 | 1,056,238 | |
Equity method income (loss) | 158,600 | 159,533 | ₩ 53,287 |
Change in other comprehensive income (loss) | 6,514 | (1,457) | |
Impairment loss | (10,719) | (9,407) | ₩ 0 |
Investments in associates | 2,913,745 | 2,657,768 | |
BNP Paribas Cardif Life Insurance | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 50,600 | 52,586 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | (660) | (928) | |
Change in other comprehensive income (loss) | (5,918) | (1,058) | |
Impairment loss | 0 | 0 | |
Investments in associates | 44,022 | 50,600 | |
Songrim Partners | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | 0 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | 0 | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 0 | |
Neoplux Technology Valuation Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 16,384 | ||
Investment and Dividend | (16,171) | ||
Equity method income (loss) | (213) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Partners 4th Growth Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 11,958 | 14,917 | |
Investment and Dividend | (16,144) | (4,474) | |
Equity method income (loss) | 12,525 | 1,515 | |
Change in other comprehensive income (loss) | 4,694 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 13,033 | 11,958 | |
KTB Newlake Global Healthcare PEF | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 9,404 | 11,280 | |
Investment and Dividend | 0 | (1,950) | |
Equity method income (loss) | 8 | 74 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 9,412 | 9,404 | |
DAEKWANG SEMICONDUCTOR CO., LTD. | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,631 | 3,388 | |
Investment and Dividend | (3,742) | 0 | |
Equity method income (loss) | 113 | 243 | |
Change in other comprehensive income (loss) | (2) | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 3,631 | |
Shinhan-Neoplux Energy Newbiz Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 14,470 | 7,880 | |
Investment and Dividend | 475 | 5,887 | |
Equity method income (loss) | 1,087 | 703 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 16,032 | 14,470 | |
Shinhan-Albatross Tech Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 13,322 | 8,734 | |
Investment and Dividend | (9,000) | 4,650 | |
Equity method income (loss) | 6,067 | (62) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 10,389 | 13,322 | |
Plutus-SG Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,231 | ||
Investment and Dividend | (5,230) | ||
Equity method income (loss) | 999 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Eum Private Equity Fund No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,574 | ||
Investment and Dividend | (5,621) | ||
Equity method income (loss) | 2,050 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3 | ||
KTB Confidence Private Placement | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 6,067 | ||
Investment and Dividend | (6,063) | ||
Equity method income (loss) | (4) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Meritz AI-SingA330-A Investment Type Private Placement Special Asset Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,256 | ||
Investment and Dividend | (772) | ||
Equity method income (loss) | (3,484) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Meritz AI-SingA330-B Investment Type Private Placement Special Asset Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 8,916 | ||
Investment and Dividend | (48) | ||
Equity method income (loss) | (8,868) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
VOGO DEBT STRATEGY QUALIFIED INV PRIVATE | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 8,702 | 9,930 | |
Investment and Dividend | (1,733) | (1,700) | |
Equity method income (loss) | 210 | 472 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,179 | 8,702 | |
Shinhan-Midas Donga Secondary Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,752 | 3,486 | |
Investment and Dividend | (500) | 1,150 | |
Equity method income (loss) | (301) | 116 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 3,951 | 4,752 | |
ShinHan - Soo Young Entrepreneur Investment Fund No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 9,968 | 4,549 | |
Investment and Dividend | (7,879) | 1,495 | |
Equity method income (loss) | 2,137 | 3,924 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 4,226 | 9,968 | |
Synergy-Shinhan Mezzanine New Technology Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,912 | ||
Investment and Dividend | (4,406) | ||
Equity method income (loss) | 494 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Shinhan Praxis K-Growth Global Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 9,945 | 10,302 | |
Investment and Dividend | (2,310) | 78 | |
Equity method income (loss) | 126 | (435) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,761 | 9,945 | |
Credian Healthcare Private Equity Fund II | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,835 | 2,377 | |
Investment and Dividend | (5,835) | (4,937) | |
Equity method income (loss) | 0 | 8,395 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 5,835 | |
Kiwoom Milestone Professional Private Real Estate Trust 19 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 9,918 | 10,407 | |
Investment and Dividend | (66) | (265) | |
Equity method income (loss) | (361) | (224) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | (4,238) | 0 | |
Investments in associates | 5,253 | 9,918 | |
AIP EUROGREEN Private Real Estate Investment Trust No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 21,021 | 20,884 | |
Investment and Dividend | (1,335) | (1,189) | |
Equity method income (loss) | 10,017 | 1,326 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 29,703 | 21,021 | |
Hanhwa US Equity Strategy Private Real Estate Fund No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 25,964 | ||
Investment and Dividend | (26,907) | ||
Equity method income (loss) | 3,220 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 2,277 | ||
Shinhan Global Healthcare Fund 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | 3,209 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | 0 | 128 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | (3,337) | |
Investments in associates | 0 | 0 | |
JB Power TL Investment Type Private Placement Special Asset Fund 7 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 16,186 | 16,800 | |
Investment and Dividend | (15,947) | (1,359) | |
Equity method income (loss) | (239) | 745 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 16,186 | |
IBK AONE convertible 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 6,077 | ||
Investment and Dividend | (6,048) | ||
Equity method income (loss) | (29) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Rico synergy collabo Multi-Mezzanine 3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,217 | ||
Investment and Dividend | (3,221) | ||
Equity method income (loss) | 4 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
KB NA Hickory Private Special Asset Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 34,938 | 35,930 | |
Investment and Dividend | (2,266) | (2,609) | |
Equity method income (loss) | 1,704 | 1,617 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 34,376 | 34,938 | |
Koramco Europe Core Private Placement Real Estate Fund No.2-2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 18,618 | 19,562 | |
Investment and Dividend | (1,204) | (1,330) | |
Equity method income (loss) | 2,078 | 386 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 19,492 | 18,618 | |
BNP Paribas Cardif General Insurance | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,895 | 2,113 | |
Investment and Dividend | 176 | 3,066 | |
Equity method income (loss) | (708) | (1,244) | |
Change in other comprehensive income (loss) | (9) | (40) | |
Impairment loss | 0 | 0 | |
Investments in associates | 3,354 | 3,895 | |
Axis Global Growth New Technology Investment Association | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,205 | ||
Investment and Dividend | (2,920) | ||
Equity method income (loss) | (285) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Hermes Private Investment Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 6,099 | 6,376 | |
Investment and Dividend | (3,167) | 0 | |
Equity method income (loss) | 6,850 | (277) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 9,782 | 6,099 | |
SHC ULMUS Fund No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,149 | ||
Investment and Dividend | (3,289) | ||
Equity method income (loss) | 140 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Shinhan-Nvestor Liquidity Solution Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,493 | 4,865 | |
Investment and Dividend | 331 | (1,004) | |
Equity method income (loss) | 514 | 632 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 5,338 | 4,493 | |
Shinhan AIM FoF Fund 1a | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 8,760 | 7,242 | |
Investment and Dividend | (79) | 1,324 | |
Equity method income (loss) | 475 | 194 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 9,156 | 8,760 | |
IGIS Global Credit Fund 150-1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 7,282 | 9,718 | |
Investment and Dividend | (3,246) | (4,002) | |
Equity method income (loss) | 1,366 | 1,566 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 5,402 | 7,282 | |
GX SHINHAN INTERVEST 1st Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 33,166 | ||
Investment and Dividend | (54,515) | ||
Equity method income (loss) | 21,349 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Soo Commerce Platform Growth Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 6,343 | ||
Investment and Dividend | (8,474) | ||
Equity method income (loss) | 3,278 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 1,147 | ||
Partner One Value up I Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 11,779 | 11,891 | |
Investment and Dividend | (6,933) | (20) | |
Equity method income (loss) | 3,045 | (92) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,891 | 11,779 | |
Genesis No.1 Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 80,113 | 51,150 | |
Investment and Dividend | 388 | 388 | |
Equity method income (loss) | (24,968) | 28,575 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 55,533 | 80,113 | |
GMB ICT New Technology Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 7,854 | ||
Investment and Dividend | (7,853) | ||
Equity method income (loss) | (1) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Korea Omega Project Fund III | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,563 | 3,016 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | 727 | 547 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 4,290 | 3,563 | |
Soo Delivery Platform Growth Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,068 | 8,922 | |
Investment and Dividend | 0 | (7,929) | |
Equity method income (loss) | 1,805 | 3,075 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 5,873 | 4,068 | |
Genesis North America Power Company No.1 PEF | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 16,983 | 18,275 | |
Investment and Dividend | (5,229) | (3,869) | |
Equity method income (loss) | 1,982 | 2,577 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 13,736 | 16,983 | |
Hyungje art printing | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | 0 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | 0 | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 0 | |
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 20,712 | ||
Investment and Dividend | (10,794) | ||
Equity method income (loss) | 664 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 41,549 | 10,582 | |
Shinhan-Rhinos 1 Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,029 | ||
Investment and Dividend | (1,004) | ||
Equity method income (loss) | 574 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 2,599 | ||
Pacific Private Investment Trust No.20 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,076 | ||
Investment and Dividend | (1,289) | ||
Equity method income (loss) | 212 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 2,999 | ||
Susung Mezzanine project P1 Private Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,128 | ||
Investment and Dividend | (3,613) | ||
Equity method income (loss) | (170) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 1,345 | ||
Korea Finance Security | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,055 | 3,235 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | (61) | (180) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 2,994 | 3,055 | |
Multimedia Tech Co.Ltd | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | 19 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | 0 | (19) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 0 | |
MIEL CO.,LTD | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | 0 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | 0 | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 0 | |
AIP Transportation Specialized Privately Placed Fund Trust #1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 32,993 | 31,580 | |
Investment and Dividend | 347 | 1,366 | |
Equity method income (loss) | 1,348 | 47 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 34,688 | 32,993 | |
DB Epic Convertiblebond Private Trust No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,785 | 5,063 | |
Investment and Dividend | (5,538) | 202 | |
Equity method income (loss) | (247) | 520 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 5,785 | |
PCC S/W 2nd Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,001 | ||
Investment and Dividend | (3,328) | ||
Equity method income (loss) | 327 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
E&Healthcare Investment Fund No.6 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 15,163 | 7,776 | |
Investment and Dividend | (3,431) | 0 | |
Equity method income (loss) | (4,866) | 7,387 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 6,866 | 15,163 | |
One Shinhan Global Fund 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,029 | 4,441 | |
Investment and Dividend | (519) | 0 | |
Equity method income (loss) | 263 | (412) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 3,773 | 4,029 | |
Kiwoom-Shinhan Innovation Fund I | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 15,969 | 7,284 | |
Investment and Dividend | (5,150) | 7,500 | |
Equity method income (loss) | 912 | 1,185 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 11,731 | 15,969 | |
Daishin-K&T New Technology Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 7,000 | 7,057 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | 991 | (57) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,991 | 7,000 | |
Midas Asset Global CRE Debt Private Fund No.6 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 47,389 | 23,731 | |
Investment and Dividend | (2,701) | 21,537 | |
Equity method income (loss) | 3,617 | 2,121 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 48,305 | 47,389 | |
Richmond Private Investment Trust No.82 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 15,049 | 15,120 | |
Investment and Dividend | (19,411) | (855) | |
Equity method income (loss) | 4,362 | 784 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 15,049 | |
Tiger Alternative Real Estate Professional Private5 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 18,499 | 19,820 | |
Investment and Dividend | (20,848) | (1,376) | |
Equity method income (loss) | 2,349 | 55 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 18,499 | |
Samchully Midstream Private Placement Special Asset Fund 5-4 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 28,818 | 30,742 | |
Investment and Dividend | (843) | (968) | |
Equity method income (loss) | (504) | (956) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 27,471 | 28,818 | |
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 65,616 | 53,831 | |
Investment and Dividend | (41,622) | 9,253 | |
Equity method income (loss) | 1,210 | 2,532 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 25,204 | 65,616 | |
AUCTUS FITRIN Corporate Recovery Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 14,358 | ||
Investment and Dividend | (14,484) | ||
Equity method income (loss) | 126 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
NH-Amundi Global Infrastructure Trust 14 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 18,819 | 18,497 | |
Investment and Dividend | (1,609) | (460) | |
Equity method income (loss) | 1,091 | 782 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 18,301 | 18,819 | |
Pacific Private Real Estate Fund Investment Trust No.30 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 14,816 | ||
Investment and Dividend | (15,374) | ||
Equity method income (loss) | 558 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Jarvis Memorial Private Investment Trust 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,043 | 10,166 | |
Investment and Dividend | (700) | (763) | |
Equity method income (loss) | 766 | 640 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 10,109 | 10,043 | |
Mastern Private Investment Trust 68 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,010 | 9,999 | |
Investment and Dividend | (10,332) | (460) | |
Equity method income (loss) | 322 | 471 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 10,010 | |
Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 35,641 | 4,397 | |
Investment and Dividend | (4,981) | 30,510 | |
Equity method income (loss) | 2,493 | 734 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 33,153 | 35,641 | |
Milestone Private Real Estate Fund 3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 18,528 | 17,186 | |
Investment and Dividend | (472) | (838) | |
Equity method income (loss) | 488 | 2,180 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 18,544 | 18,528 | |
IGIS Private Real Estate Investment Trust 286 (2 class) | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 8,844 | 9,768 | |
Investment and Dividend | (9,176) | (1,361) | |
Equity method income (loss) | 332 | 437 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 8,844 | |
Nomura-Rifa Private Real Estate Investment Trust 31 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 8,407 | 8,914 | |
Investment and Dividend | (705) | (932) | |
Equity method income (loss) | 200 | 425 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,902 | 8,407 | |
Lime Pricing Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 8,300 | ||
Investment and Dividend | (8,217) | ||
Equity method income (loss) | (83) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 13,323 | 41,991 | |
Investment and Dividend | (3,511) | (29,980) | |
Equity method income (loss) | 424 | 1,312 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 10,236 | 13,323 | |
DS Solid.II Hedge Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,123 | ||
Investment and Dividend | (6,397) | ||
Equity method income (loss) | 2,274 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Hana Semiconductor New Technology Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 24,131 | 12,856 | |
Investment and Dividend | (26,129) | (2,557) | |
Equity method income (loss) | 1,998 | 13,832 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 24,131 | |
J&Magnet Startup Venture Specialized Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,935 | 5,979 | |
Investment and Dividend | (7,247) | (2,151) | |
Equity method income (loss) | 1,312 | 2,107 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 5,935 | |
Cape IT Fund No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,649 | 9,967 | |
Investment and Dividend | (580) | (580) | |
Equity method income (loss) | (4) | 1,262 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 10,065 | 10,649 | |
FuturePlay-Shinhan TechInnovation Fund 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,295 | 868 | |
Investment and Dividend | 3,025 | 3,661 | |
Equity method income (loss) | (171) | (234) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,149 | 4,295 | |
Stonebridge Corporate 1st Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,239 | 2,981 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | (275) | 258 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 2,964 | 3,239 | |
Vogo Realty Partners Private Real Estate Fund V | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,827 | 10,376 | |
Investment and Dividend | (681) | (566) | |
Equity method income (loss) | 620 | 1,017 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 10,766 | 10,827 | |
IL GU FARM CO.,LTD | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | 0 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Korea Credit Bureau | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 6,976 | 6,812 | |
Investment and Dividend | (90) | (90) | |
Equity method income (loss) | 809 | 254 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,695 | 6,976 | |
Goduck Gangil1 PFV Co., Ltd | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | 48 | |
Investment and Dividend | 0 | 0 | |
Equity method income (loss) | 0 | (48) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 0 | |
SBC PFV Co., Ltd | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 18,208 | 20,000 | |
Investment and Dividend | 12,499 | 0 | |
Equity method income (loss) | (1,121) | (1,792) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 29,586 | 18,208 | |
Sprott Global Renewable Private Equity Fund II | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 19,016 | ||
Investment and Dividend | (18,909) | ||
Equity method income (loss) | (107) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
NH-amundi global infra private fund 16 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 43,839 | 48,158 | |
Investment and Dividend | 346 | (1,236) | |
Equity method income (loss) | 7,823 | (3,083) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 52,008 | 43,839 | |
IMM Global Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 120,855 | 28,925 | |
Investment and Dividend | (10,462) | 90,776 | |
Equity method income (loss) | 8,222 | 1,154 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 118,615 | 120,855 | |
HANA Alternative Estate Professional Private122 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 29,631 | 26,205 | |
Investment and Dividend | (1,001) | (644) | |
Equity method income (loss) | 859 | 4,070 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 29,489 | 29,631 | |
Hanwha-Incus Plus New Technology Fund No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 11,026 | 5,499 | |
Investment and Dividend | (8,284) | 0 | |
Equity method income (loss) | (2,742) | 5,527 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 11,026 | |
SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 51,210 | 51,293 | |
Investment and Dividend | (1,518) | (1,613) | |
Equity method income (loss) | 207 | 1,530 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 49,899 | 51,210 | |
SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 286,531 | 150,317 | |
Investment and Dividend | (15,191) | 127,753 | |
Equity method income (loss) | 10,859 | 8,461 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 282,199 | 286,531 | |
PSA EMP Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 9,814 | 9,927 | |
Investment and Dividend | (9,755) | (278) | |
Equity method income (loss) | (59) | 165 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 9,814 | |
Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 29,401 | 29,463 | |
Investment and Dividend | (2,630) | (239) | |
Equity method income (loss) | 1,541 | 177 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 28,312 | 29,401 | |
SHBNPP Peace of Mind TDF 2035 Security Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,727 | ||
Investment and Dividend | (5,727) | ||
Equity method income (loss) | 0 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
SHBNPP Peace of Mind TDF 2040 Security Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,729 | ||
Investment and Dividend | (5,729) | ||
Equity method income (loss) | 0 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
BRAIN DO PROFESSIONALE PRIVATE No. 27 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,441 | 3,065 | |
Investment and Dividend | (3,048) | 0 | |
Equity method income (loss) | 583 | 376 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 976 | 3,441 | |
VISION US Muni US Local Debt Opportunities Professional Private1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 9,869 | ||
Investment and Dividend | (10,032) | ||
Equity method income (loss) | 163 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
UI Venture Fund 7th | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,279 | 0 | |
Investment and Dividend | (3,269) | 3,000 | |
Equity method income (loss) | (10) | 279 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 3,279 | |
Sparklabs-Shinhan Opportunity Fund 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,832 | 0 | |
Investment and Dividend | 0 | 4,999 | |
Equity method income (loss) | (192) | (167) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 4,640 | 4,832 | |
BNW Tech-Innovation Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,942 | 0 | |
Investment and Dividend | 0 | 6,000 | |
Equity method income (loss) | (61) | (58) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 5,881 | 5,942 | |
IGIS Real-estate Private Investment Trust No.33 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 14,099 | 0 | |
Investment and Dividend | (714) | 13,945 | |
Equity method income (loss) | 499 | 154 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 13,884 | 14,099 | |
Findvalue PreIPO 6th Professional Investment Type Private Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,002 | 0 | |
Investment and Dividend | (3,301) | 3,000 | |
Equity method income (loss) | 299 | 2 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 3,002 | |
WWG Global Real Estate Investment Trust no.4 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 17,752 | 0 | |
Investment and Dividend | (7,855) | 16,874 | |
Equity method income (loss) | 747 | 878 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 10,644 | 17,752 | |
Fidelis Global Private Real Estate Trust No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 19,485 | 0 | |
Investment and Dividend | (911) | 18,582 | |
Equity method income (loss) | 1,199 | 903 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 19,773 | 19,485 | |
IGIS PRIVATE REAL ESTATE TRUST NO.331 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,765 | 0 | |
Investment and Dividend | (3,765) | 3,932 | |
Equity method income (loss) | 0 | (167) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 3,765 | |
AIP EURO PRIVATE REAL ESTATE TRUST No. 12 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 48,344 | 0 | |
Investment and Dividend | (5,436) | 45,082 | |
Equity method income (loss) | 6,309 | 3,262 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 49,217 | 48,344 | |
Pebblestone CGV Private Real Estate Trust No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 13,346 | 0 | |
Investment and Dividend | (748) | 12,793 | |
Equity method income (loss) | 1,112 | 553 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 13,710 | 13,346 | |
Shinhan AIM Real Estate Fund No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 22,464 | 0 | |
Investment and Dividend | 1,911 | 36,186 | |
Equity method income (loss) | (1,100) | (7,652) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | (6,070) | |
Investments in associates | 23,275 | 22,464 | |
Shinhan AIM Real Estate Fund No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 46,945 | 0 | |
Investment and Dividend | (4,412) | 45,415 | |
Equity method income (loss) | 1,779 | 1,530 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 44,312 | 46,945 | |
SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 32,258 | ||
Equity method income (loss) | 686 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 32,944 | ||
SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 22,003 | ||
Equity method income (loss) | (1,101) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 20,902 | ||
SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 7,273 | ||
Equity method income (loss) | (581) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 6,692 | ||
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,859 | ||
Equity method income (loss) | (14) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,845 | ||
Korea Omega-Shinhan Project Fund I | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,931 | 0 | |
Investment and Dividend | 2,000 | 6,000 | |
Equity method income (loss) | (687) | (69) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,244 | 5,931 | |
New Green Shinhan Mezzanine Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,916 | 0 | |
Investment and Dividend | (5,622) | 4,000 | |
Equity method income (loss) | 706 | 916 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 4,916 | |
KORAMKO-Daum Professional Private Investment Trust No.12 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 7,528 | 0 | |
Investment and Dividend | (7,756) | 6,930 | |
Equity method income (loss) | 228 | 598 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 7,528 | |
Samsung SRA Real Estate Professional Private 45 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,666 | 0 | |
Investment and Dividend | 2,656 | 10,701 | |
Equity method income (loss) | (442) | (35) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 12,880 | 10,666 | |
IBK Global New Renewable Energy Special Asset Professional Private2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 32,349 | 0 | |
Investment and Dividend | (1,988) | 29,177 | |
Equity method income (loss) | 1,526 | 3,172 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 31,887 | 32,349 | |
VS Cornerstone Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,464 | 0 | |
Investment and Dividend | 0 | 3,500 | |
Equity method income (loss) | (54) | (36) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 3,410 | 3,464 | |
Aone Mezzanine Opportunity Professional Private | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 9,580 | 0 | |
Investment and Dividend | (28) | 8,000 | |
Equity method income (loss) | (12) | 1,580 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 9,540 | 9,580 | |
KiwoomUnicorn3New Technology Business Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,283 | 0 | |
Investment and Dividend | (3,633) | 3,000 | |
Equity method income (loss) | (650) | 1,283 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 4,283 | |
Multi Asset The United States Thortons Professional Private1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 41,440 | 0 | |
Investment and Dividend | (41,607) | 44,202 | |
Equity method income (loss) | 167 | (2,762) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 41,440 | |
Kiwoom Milestone US Real Estate Professional Private20 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 51,512 | 0 | |
Investment and Dividend | (51,512) | 49,791 | |
Equity method income (loss) | 0 | 1,721 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 51,512 | |
NH-Amundi US Infrastructure Private Fund2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 25,430 | 0 | |
Investment and Dividend | 207 | 24,647 | |
Equity method income (loss) | 1,387 | 783 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 27,024 | 25,430 | |
KB Distribution Private Real Estate1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 30,698 | 0 | |
Investment and Dividend | (1,423) | 29,984 | |
Equity method income (loss) | 1,419 | 714 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 30,694 | 30,698 | |
SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 19,968 | ||
Equity method income (loss) | 744 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 20,712 | ||
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 28,251 | ||
Equity method income (loss) | 898 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 29,149 | ||
Kakao-Shinhan 1st TNYT Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,681 | 0 | |
Investment and Dividend | 9,000 | 6,000 | |
Equity method income (loss) | (184) | (319) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 14,497 | 5,681 | |
IMM Special Situation 1-2 PRIVATE EQUITY FUND | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,870 | 0 | |
Investment and Dividend | (160) | 10,000 | |
Equity method income (loss) | 883 | 870 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 11,593 | 10,870 | |
Pacific Private Placement Real Estate Fund No.40 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 11,647 | 0 | |
Investment and Dividend | (747) | 11,273 | |
Equity method income (loss) | 698 | 374 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 11,598 | 11,647 | |
Mastern Private Real Estate Loan Fund No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,692 | 0 | |
Investment and Dividend | 1,429 | 5,740 | |
Equity method income (loss) | 370 | (48) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,491 | 5,692 | |
LB Scotland Amazon Fulfillment Center Fund 29 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 31,182 | 0 | |
Investment and Dividend | (1,734) | 30,753 | |
Equity method income (loss) | 1,820 | 429 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 31,268 | 31,182 | |
JR AMC Hungary Budapest Office Fund 16 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 12,204 | 0 | |
Investment and Dividend | (821) | 11,380 | |
Equity method income (loss) | 757 | 824 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 12,140 | 12,204 | |
IGIS 372 Real Estate Professional Private | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 56,835 | 0 | |
Investment and Dividend | (56,835) | 58,200 | |
Equity method income (loss) | 0 | (1,365) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 56,835 | |
KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,830 | 0 | |
Investment and Dividend | (8,388) | 4,058 | |
Equity method income (loss) | 4,558 | (228) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 3,830 | |
Future-Creation Neoplux Venture Capital Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,796 | 0 | |
Investment and Dividend | (995) | 4,204 | |
Equity method income (loss) | 216 | (408) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 3,017 | 3,796 | |
Gyeonggi-Neoplux Superman Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 6,399 | 0 | |
Investment and Dividend | (2,257) | 7,665 | |
Equity method income (loss) | 3,736 | (1,266) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,878 | 6,399 | |
NewWave 6th Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 6,150 | 0 | |
Investment and Dividend | 7,575 | 6,242 | |
Equity method income (loss) | 730 | (92) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 14,455 | 6,150 | |
Neoplux No.3 Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,295 | 0 | |
Investment and Dividend | 10,182 | 10,825 | |
Equity method income (loss) | 2,124 | (530) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 22,601 | 10,295 | |
PCC Amberstone Private Equity Fund I | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 22,480 | 0 | |
Investment and Dividend | (2,356) | 22,066 | |
Equity method income (loss) | 2,666 | 414 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 22,790 | 22,480 | |
KIAMCO POWERLOAN TRUST 4TH | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 43,955 | 0 | |
Investment and Dividend | (164) | 43,390 | |
Equity method income (loss) | 1,510 | 565 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 45,301 | 43,955 | |
Mastern Opportunity Seeking Real Estate Fund II | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 19,799 | 0 | |
Investment and Dividend | (737) | 19,508 | |
Equity method income (loss) | 2,255 | 291 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 21,317 | 19,799 | |
AION ELFIS PROFESSIONAL PRIVATE 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,528 | 0 | |
Investment and Dividend | (1,350) | 5,000 | |
Equity method income (loss) | 244 | 528 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 4,422 | 5,528 | |
T&F 2020 SS Private Equity Fund Specializing in Start-up and Venture Business | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,453 | 0 | |
Investment and Dividend | 0 | 4,500 | |
Equity method income (loss) | (93) | (47) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 4,360 | 4,453 | |
Neoplux Market-Frontier Secondary Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 11,545 | 0 | |
Investment and Dividend | (614) | 10,974 | |
Equity method income (loss) | 382 | 571 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 11,313 | 11,545 | |
Synergy Green New Deal 1st New Technology Business Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,008 | 0 | |
Investment and Dividend | (247) | 10,000 | |
Equity method income (loss) | (77) | 8 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 9,684 | 10,008 | |
KAIM Real-estate Private Investment Trust 20 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,098 | 0 | |
Investment and Dividend | (350) | 5,000 | |
Equity method income (loss) | 300 | 98 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 5,048 | 5,098 | |
KIAMCO Vietnam Solar Special Asset Private Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 7,948 | 0 | |
Investment and Dividend | (1,112) | 8,150 | |
Equity method income (loss) | 691 | (202) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,527 | 7,948 | |
CSQUARE SNIPER PROFESSIONAL PRIVATE 10 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 3,125 | 0 | |
Investment and Dividend | 0 | 3,125 | |
Equity method income (loss) | 122 | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 3,247 | 3,125 | |
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 44,594 | 0 | |
Investment and Dividend | 4,103 | 44,780 | |
Equity method income (loss) | 11,371 | (9) | |
Change in other comprehensive income (loss) | 3,876 | (177) | |
Impairment loss | 0 | 0 | |
Investments in associates | 63,944 | 44,594 | |
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 44,594 | 0 | |
Investment and Dividend | 4,103 | 44,780 | |
Equity method income (loss) | 11,371 | (9) | |
Change in other comprehensive income (loss) | 3,876 | (177) | |
Impairment loss | 0 | 0 | |
Investments in associates | 63,944 | 44,594 | |
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 15,855 | 0 | |
Investment and Dividend | 0 | 16,000 | |
Equity method income (loss) | (1,077) | (145) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 14,778 | 15,855 | |
IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 29,644 | 0 | |
Investment and Dividend | (29,644) | 30,000 | |
Equity method income (loss) | 0 | (356) | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 0 | 29,644 | |
SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 21,142 | 0 | |
Investment and Dividend | 5,271 | 21,142 | |
Equity method income (loss) | 830 | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 27,243 | 21,142 | |
Eum Private Equity Fund No.7 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 7,872 | 0 | |
Investment and Dividend | 121 | 7,872 | |
Equity method income (loss) | (120) | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,873 | 7,872 | |
Kiwoom Private Equity Ant-Man Startup Venture Specialized Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 5,034 | 0 | |
Investment and Dividend | 0 | 5,034 | |
Equity method income (loss) | 2,560 | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 7,594 | 5,034 | |
Kiwoom Hero No.4 Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,707 | 0 | |
Investment and Dividend | 0 | 4,707 | |
Equity method income (loss) | (402) | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 4,305 | 4,707 | |
Vogo Canister Professional Trust Private Fund I | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 43,975 | 0 | |
Investment and Dividend | (4,712) | 43,975 | |
Equity method income (loss) | 1,809 | 0 | |
Change in other comprehensive income (loss) | 0 | 0 | |
Impairment loss | 0 | 0 | |
Investments in associates | 41,072 | 43,975 | |
Others | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 121,040 | 85,517 | |
Investment and Dividend | 63,729 | 25,966 | |
Equity method income (loss) | 5,881 | 19,814 | |
Change in other comprehensive income (loss) | (3) | (5) | |
Impairment loss | (5,570) | 0 | |
Investments in associates | 185,077 | ₩ 131,292 | |
SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 10,582 | ||
Investment and Dividend | 24,500 | ||
Equity method income (loss) | 6,467 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 41,549 | ||
Goduck Gangil10 PFV Co., Ltd | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 32 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | (32) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
Shinhan Healthcare Fund 2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 986 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | (75) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | (911) | ||
Investments in associates | 0 | ||
SH Corporate Professional Investment Type Private Security Investment Trust No.45 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 174,154 | ||
Equity method income (loss) | (199) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 173,955 | ||
SH Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 32,944 | ||
Investment and Dividend | (911) | ||
Equity method income (loss) | 915 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 32,948 | ||
SH Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 20,902 | ||
Investment and Dividend | 7 | ||
Equity method income (loss) | (359) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 20,550 | ||
SH Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 6,692 | ||
Investment and Dividend | 13,667 | ||
Equity method income (loss) | (1,504) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 18,855 | ||
SH Japan Photovoltaic Private Special Asset Investment Trust No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 4,845 | ||
Investment and Dividend | (4,845) | ||
Equity method income (loss) | 0 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
ST-Bonanja Food tech | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 1,993 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | 1,366 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,359 | ||
SH Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 20,712 | ||
Investment and Dividend | (22,293) | ||
Equity method income (loss) | 1,581 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
SH Japan Photovoltaic Private Special Asset Investment Trust No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 29,149 | ||
Investment and Dividend | (16,798) | ||
Equity method income (loss) | 665 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 13,016 | ||
EDNCENTRAL Co.,Ltd | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 1,040 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | (1,040) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 0 | ||
KTC-NP Growth Champ 2011-2 Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 2,853 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | 1,137 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,990 | ||
Harvest Private Equity Fund II | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 2,982 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | 499 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,481 | ||
Daishin New Technology Investment Fund 5th | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 2,850 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | 1,589 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,439 | ||
Acurus Hyundai Investment Partners New Technology | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 2,927 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | 1,787 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,714 | ||
SHINHAN-NEO Core Industrial Technology Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 1,979 | ||
Investment and Dividend | 3,960 | ||
Equity method income (loss) | (248) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 5,691 | ||
SIMONE Mezzanine Fund No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 2,980 | ||
Investment and Dividend | 0 | ||
Equity method income (loss) | 74 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,054 | ||
SW-S Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 7,000 | ||
Equity method income (loss) | (276) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 6,724 | ||
CL Buyout 1st PEF | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 13,875 | ||
Equity method income (loss) | (84) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 13,791 | ||
Timefolio The Venture-V second | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,000 | ||
Equity method income (loss) | 572 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,572 | ||
Newlake Growth Capital Partners2 PEF | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 13,000 | ||
Equity method income (loss) | (79) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 12,921 | ||
Shinhan Smilegate Global PEF I | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 3,376 | ||
Equity method income (loss) | (40) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,336 | ||
Fount Professional Investors Private Investment Trust No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 5,000 | ||
Equity method income (loss) | 197 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 5,197 | ||
Genesis Eco No.1 PEF | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 11,292 | ||
Equity method income (loss) | (162) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 11,130 | ||
SHINHAN-NEO Market-Frontier 2nd Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 25,620 | ||
Equity method income (loss) | (1,014) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 24,606 | ||
NH-Synergy Core Industrial New Technology Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 6,500 | ||
Equity method income (loss) | (63) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 6,437 | ||
J& Moorim Jade Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 5,500 | ||
Equity method income (loss) | 40 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 5,540 | ||
Ulmus SHC innovation investment fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 5,000 | ||
Equity method income (loss) | 192 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 5,192 | ||
Mirae Asset Partners X Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 8,000 | ||
Equity method income (loss) | (142) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 7,858 | ||
T Core Industrial Technology 1st Venture PEF | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,500 | ||
Equity method income (loss) | 35 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,535 | ||
Curious Finale Corporate Recovery Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 3,377 | ||
Equity method income (loss) | 313 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,690 | ||
TI First Property Private Investment Trust 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 2,879 | ||
Equity method income (loss) | 176 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,055 | ||
MPLUS Professional Private Real Estate Fund 25 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 3,010 | ||
Equity method income (loss) | 280 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,290 | ||
IBKC Global Contents Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 5,000 | ||
Equity method income (loss) | (57) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,943 | ||
Nautic Smart No.6 Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,000 | ||
Equity method income (loss) | (26) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,974 | ||
Premier Luminous Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 7,095 | ||
Equity method income (loss) | (104) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 6,991 | ||
Hanyang-Meritz 1 Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 3,500 | ||
Equity method income (loss) | (17) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,483 | ||
KNT 2ND PRIVATE EQUITY FUND | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 3,000 | ||
Equity method income (loss) | 1,157 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,157 | ||
Maple Mobility Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 9,274 | ||
Equity method income (loss) | (591) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 8,683 | ||
AVES 1st Corporate Recovery Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,800 | ||
Equity method income (loss) | (64) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,736 | ||
JS Shinhan Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 5,076 | ||
Equity method income (loss) | (39) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 5,037 | ||
Daishin Newgen New Technology Investment Fund 1st | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 8,000 | ||
Equity method income (loss) | 4,169 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 12,169 | ||
META ESG Private Equity Fund I | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 5,726 | ||
Equity method income (loss) | (49) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 5,677 | ||
SWFV FUND-1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 9,700 | ||
Equity method income (loss) | (54) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 9,646 | ||
PHAROS DK FUND | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,000 | ||
Equity method income (loss) | (51) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,949 | ||
Shinhan VC tomorrow venture fund 1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 9,113 | ||
Equity method income (loss) | (71) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 9,042 | ||
Highland 2021-8 Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,900 | ||
Equity method income (loss) | (1) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,899 | ||
Medicii 2021-3 Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 9,752 | ||
Equity method income (loss) | (24) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 9,728 | ||
Tres-Yujin Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 10,000 | ||
Equity method income (loss) | (5) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 9,995 | ||
Shinhan-Time mezzanine blind Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 15,000 | ||
Equity method income (loss) | (58) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 14,942 | ||
Capstone REITs No.26 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,849 | ||
Equity method income (loss) | (454) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,395 | ||
JB Incheon-Bucheon REITS No.54 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 5,000 | ||
Equity method income (loss) | (1) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,999 | ||
Hankook Smart Real Asset Investment Trust No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,173 | ||
Equity method income (loss) | 169 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,342 | ||
JB Hwaseong-Hadong REITs No.53 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 5,000 | ||
Equity method income (loss) | (1) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,999 | ||
KB Oaktree Trust No.3 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 3,141 | ||
Equity method income (loss) | 18 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,159 | ||
Daehan No.36 Office Asset Management Company | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 21,500 | ||
Equity method income (loss) | 0 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 21,500 | ||
Rhinos Premier Mezzanine Private Investment Fund No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 3,000 | ||
Equity method income (loss) | 5 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 3,005 | ||
SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 19,426 | ||
Equity method income (loss) | 477 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 19,903 | ||
Shinhan JigaeNamsan Road Private Special Asset Investment Trust | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 39,996 | ||
Equity method income (loss) | 109 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 40,105 | ||
SKS-Yozma Fund No.1 | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 6,000 | ||
Equity method income (loss) | (55) | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 5,945 | ||
IBKC-METIS Global Contents Investment Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 4,000 | ||
Equity method income (loss) | 0 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | 4,000 | ||
Keistone Unicorn Private Equity Fund | |||
Changes in investments in associates [Line Items] | |||
Investments in associates at beginning of period | 0 | ||
Investment and Dividend | 6,300 | ||
Equity method income (loss) | 0 | ||
Change in other comprehensive income (loss) | 0 | ||
Impairment loss | 0 | ||
Investments in associates | ₩ 6,300 |
Investments in associates - Con
Investments in associates - Condensed statement of financial position and comprehensive income information of associates (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | ₩ 648,152,185 | ₩ 605,234,104 | |
Liabilities | 598,613,763 | 558,877,246 | |
Profit (loss) | 4,112,628 | 3,498,076 | ₩ 3,642,384 |
Other comprehensive income | (617,789) | (173,844) | 565,910 |
Total comprehensive income | 3,494,839 | 3,324,232 | ₩ 4,208,294 |
BNP Paribas Cardif Life Insurance | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 3,268,153 | 3,526,148 | |
Liabilities | 2,974,519 | 3,188,562 | |
Operating revenue | 48,207 | 38,669 | |
Profit (loss) | (4,499) | (6,555) | |
Other comprehensive income | (39,454) | (7,052) | |
Total comprehensive income | (43,953) | (13,607) | |
Songrim Partners | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 1,003 | 1,003 | |
Liabilities | 1,065 | 1,065 | |
Operating revenue | 548 | 548 | |
Profit (loss) | 0 | 0 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 0 | 0 | |
Partners 4th Growth Investment Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 60,073 | 48,678 | |
Liabilities | 7,939 | 846 | |
Operating revenue | 52,019 | 7,231 | |
Profit (loss) | 50,100 | 6,059 | |
Other comprehensive income | 18,774 | 0 | |
Total comprehensive income | 68,874 | 6,059 | |
KTB Newlake Global Healthcare PEF | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 30,969 | 31,005 | |
Liabilities | 161 | 225 | |
Operating revenue | 552 | 598 | |
Profit (loss) | 27 | 244 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 27 | 244 | |
DAEKWANG SEMICONDUCTOR CO., LTD. | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 23,682 | ||
Liabilities | 6,339 | ||
Operating revenue | 3,836 | ||
Profit (loss) | 1,163 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 1,163 | ||
Shinhan-Neoplux Energy Newbiz Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 66,213 | 44,615 | |
Liabilities | 1,002 | 25 | |
Operating revenue | 20,575 | 4,221 | |
Profit (loss) | 18,016 | 1,749 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 18,016 | 1,749 | |
Shinhan-Albatross Tech Investment Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 20,677 | 27,685 | |
Liabilities | 464 | 385 | |
Operating revenue | 12,058 | 982 | |
Profit (loss) | 10,912 | 594 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 10,912 | 594 | |
Eum Private Equity Fund No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 20 | ||
Liabilities | 4 | ||
Operating revenue | 13,445 | ||
Profit (loss) | 9,875 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 9,875 | ||
Meritz AI-SingA330-A Investment Type Private Placement Special Asset Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 1 | ||
Liabilities | 1 | ||
Operating revenue | 89 | ||
Profit (loss) | 89 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 89 | ||
Meritz AI-SingA330-B Investment Type Private Placement Special Asset Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 2 | ||
Liabilities | 2 | ||
Operating revenue | 363 | ||
Profit (loss) | 361 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 361 | ||
VOGO DEBT STRATEGY QUALIFIED INV PRIVATE | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 35,919 | 43,540 | |
Liabilities | 23 | 28 | |
Operating revenue | 5,393 | 6,361 | |
Profit (loss) | 1,138 | 2,359 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,138 | 2,359 | |
Shinhan-Midas Donga Secondary Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 7,902 | 9,504 | |
Liabilities | 0 | 0 | |
Operating revenue | 72 | 365 | |
Profit (loss) | (602) | 233 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (602) | 233 | |
ShinHan - Soo Young Entrepreneur Investment Fund No.1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 17,960 | 41,532 | |
Liabilities | 352 | 0 | |
Operating revenue | 27,318 | 16,561 | |
Profit (loss) | 8,906 | 16,349 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 8,906 | 16,349 | |
Shinhan Praxis K-Growth Global Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 41,193 | 52,890 | |
Liabilities | 60 | 183 | |
Operating revenue | 1,217 | 201 | |
Profit (loss) | 669 | (2,306) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 669 | (2,306) | |
Credian Healthcare Private Equity Fund II | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 17,141 | ||
Liabilities | 15 | ||
Operating revenue | 25,926 | ||
Profit (loss) | 24,638 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 24,638 | ||
Kiwoom Milestone Professional Private Real Estate Trust 19 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 49,101 | 58,393 | |
Liabilities | 38,596 | 38,558 | |
Operating revenue | 2,505 | 2,772 | |
Profit (loss) | (9,199) | (449) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (9,199) | (449) | |
AIP EUROGREEN Private Real Estate Investment Trust No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 219,110 | 98,866 | |
Liabilities | 79,534 | 86 | |
Operating revenue | 52,789 | 6,893 | |
Profit (loss) | 47,070 | 6,231 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 47,070 | 6,231 | |
Hanhwa US Equity Strategy Private Real Estate Fund No.1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 5,798 | ||
Liabilities | 721 | ||
Operating revenue | 32,667 | ||
Profit (loss) | 7,180 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 7,180 | ||
Shinhan Global Healthcare Fund 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 43 | 55 | |
Liabilities | 3,507 | 2,104 | |
Operating revenue | 0 | 1,034 | |
Profit (loss) | (1,414) | (74,736) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (1,414) | (74,736) | |
JB Power TL Investment Type Private Placement Special Asset Fund 7 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 48,605 | ||
Liabilities | 45 | ||
Operating revenue | 23,547 | ||
Profit (loss) | 2,251 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 2,251 | ||
KB NA Hickory Private Special Asset Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 91,752 | 93,236 | |
Liabilities | 84 | 69 | |
Operating revenue | 15,540 | 13,464 | |
Profit (loss) | 4,502 | 4,312 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 4,502 | 4,312 | |
Koramco Europe Core Private Placement Real Estate Fund No.2-2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 46,169 | 46,239 | |
Liabilities | 1,894 | 3,948 | |
Operating revenue | 7,743 | 4,920 | |
Profit (loss) | 4,719 | 877 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 4,719 | 877 | |
BNP Paribas Cardif General Insurance | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 140,179 | 85,278 | |
Liabilities | 78,748 | 33,063 | |
Operating revenue | 61,951 | 23,632 | |
Profit (loss) | (6,872) | (7,972) | |
Other comprehensive income | (28) | (161) | |
Total comprehensive income | (6,900) | (8,133) | |
Hermes Private Investment Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 33,545 | 20,919 | |
Liabilities | 8 | 8 | |
Operating revenue | 23,536 | 11 | |
Profit (loss) | 23,486 | (948) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 23,486 | (948) | |
Shinhan-Nvestor Liquidity Solution Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 21,420 | 18,032 | |
Liabilities | 0 | 0 | |
Operating revenue | 2,169 | 2,704 | |
Profit (loss) | 2,064 | 2,537 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 2,064 | 2,537 | |
Shinhan AIM FoF Fund 1a | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 36,651 | 35,060 | |
Liabilities | 28 | 20 | |
Operating revenue | 4,527 | 4,378 | |
Profit (loss) | (1,466) | 777 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (1,466) | 777 | |
IGIS Global Credit Fund 150-1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 21,625 | 29,153 | |
Liabilities | 16 | 24 | |
Operating revenue | 3,138 | 10,076 | |
Profit (loss) | 1,763 | 6,263 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,763 | 6,263 | |
Soo Commerce Platform Growth Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 4,661 | ||
Liabilities | 3 | ||
Operating revenue | 13,172 | ||
Profit (loss) | 13,314 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 13,314 | ||
Partner One Value up I Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 28,273 | 42,205 | |
Liabilities | 0 | 0 | |
Operating revenue | 304 | 457 | |
Profit (loss) | 10,910 | (329) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 10,910 | (329) | |
Genesis No.1 Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 243,534 | 382,353 | |
Liabilities | 0 | 31,024 | |
Operating revenue | 0 | 158,070 | |
Profit (loss) | (109,494) | 125,312 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (109,494) | 125,312 | |
Korea Omega Project Fund III | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 18,234 | 15,141 | |
Liabilities | 0 | 0 | |
Operating revenue | 3,154 | 2,383 | |
Profit (loss) | 3,093 | 2,323 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 3,093 | 2,323 | |
Soo Delivery Platform Growth Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 19,578 | 13,563 | |
Liabilities | 0 | 3 | |
Operating revenue | 6,243 | 11,300 | |
Profit (loss) | 6,018 | 10,249 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 6,018 | 10,249 | |
Genesis North America Power Company No.1 PEF | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 34,626 | 48,221 | |
Liabilities | 316 | 5,727 | |
Operating revenue | 11,654 | 6,976 | |
Profit (loss) | 4,951 | 6,449 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 4,951 | 6,449 | |
Hyungje art printing | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 866 | ||
Liabilities | 1,130 | ||
Operating revenue | 253 | ||
Profit (loss) | 0 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 0 | ||
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 178,427 | 46,514 | |
Liabilities | 358 | 1,164 | |
Operating revenue | 28,997 | 11,240 | |
Profit (loss) | 27,719 | 2,846 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 27,719 | 2,846 | |
Shinhan-Rhinos 1 Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 11,561 | ||
Liabilities | 1 | ||
Operating revenue | 2,784 | ||
Profit (loss) | 2,554 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 2,554 | ||
Pacific Private Investment Trust No.20 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 13,805 | ||
Liabilities | 11 | ||
Operating revenue | 974 | ||
Profit (loss) | 974 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 974 | ||
Susung Mezzanine project P1 Private Investment Trust | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 3,220 | ||
Liabilities | 0 | ||
Operating revenue | 3,412 | ||
Profit (loss) | (373) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (373) | ||
Korea Finance Security | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 35,044 | 37,522 | |
Liabilities | 14,966 | 17,032 | |
Operating revenue | 63,693 | 118,906 | |
Profit (loss) | (412) | (1,174) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (412) | (1,174) | |
Multimedia Tech Co.Ltd | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 593 | ||
Liabilities | 662 | ||
Operating revenue | 555 | ||
Profit (loss) | (158) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (158) | ||
MIEL CO.,LTD | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 491 | 474 | |
Liabilities | 632 | 559 | |
Operating revenue | 36 | 585 | |
Profit (loss) | (56) | (169) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (56) | (169) | |
AIP Transportation Specialized Privately Placed Fund Trust #1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 104,512 | 92,454 | |
Liabilities | 7,415 | 101 | |
Operating revenue | 16,239 | 17,221 | |
Profit (loss) | 3,773 | 132 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 3,773 | 132 | |
DB Epic Convertiblebond Private Trust No.2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 11,382 | ||
Liabilities | 34 | ||
Operating revenue | 1,169 | ||
Profit (loss) | 1,021 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 1,021 | ||
E&Healthcare Investment Fund No.6 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 32,615 | 72,023 | |
Liabilities | 0 | 0 | |
Operating revenue | 17,133 | 36,332 | |
Profit (loss) | (23,116) | 33,844 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (23,116) | 33,844 | |
One Shinhan Global Fund 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 15,799 | 22,244 | |
Liabilities | 41 | 0 | |
Operating revenue | 8,276 | 92 | |
Profit (loss) | (1,280) | (406) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (1,280) | (406) | |
Kiwoom-Shinhan Innovation Fund I | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 23,613 | 32,096 | |
Liabilities | 151 | 158 | |
Operating revenue | 4,803 | 2,984 | |
Profit (loss) | 1,823 | 2,371 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,823 | 2,371 | |
Daishin-K&T New Technology Investment Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 25,637 | 55,501 | |
Liabilities | 66 | 33,101 | |
Operating revenue | 8,639 | 64 | |
Profit (loss) | 3,171 | (183) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 3,171 | (183) | |
Midas Asset Global CRE Debt Private Fund No.6 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 117,396 | 115,240 | |
Liabilities | 49 | 118 | |
Operating revenue | 2,817 | 7,041 | |
Profit (loss) | 1,451 | 5,153 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,451 | 5,153 | |
Richmond Private Investment Trust No.82 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 49,961 | ||
Liabilities | 24,879 | ||
Operating revenue | 1,658 | ||
Profit (loss) | 1,306 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 1,306 | ||
Tiger Alternative Real Estate Professional Private5 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 38,064 | ||
Liabilities | 86 | ||
Operating revenue | 7,827 | ||
Profit (loss) | 113 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 113 | ||
Samchully Midstream Private Placement Special Asset Fund 5-4 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 65,966 | 67,177 | |
Liabilities | 35 | 36 | |
Operating revenue | 11,141 | 8,012 | |
Profit (loss) | (4,113) | (2,228) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (4,113) | (2,228) | |
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 126,043 | 327,973 | |
Liabilities | 23 | 56 | |
Operating revenue | 6,544 | 13,607 | |
Profit (loss) | 6,048 | 12,656 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 6,048 | 12,656 | |
NH-Amundi Global Infrastructure Trust 14 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 61,005 | 62,729 | |
Liabilities | 1 | 1 | |
Operating revenue | 4,134 | 7,216 | |
Profit (loss) | 4 | 2,606 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 4 | 2,606 | |
Jarvis Memorial Private Investment Trust 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 10,214 | 10,147 | |
Liabilities | 4 | 4 | |
Operating revenue | 39 | 651 | |
Profit (loss) | 35 | 647 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 35 | 647 | |
Mastern Private Investment Trust 68 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 18,620 | ||
Liabilities | 0 | ||
Operating revenue | 878 | ||
Profit (loss) | 877 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 877 | ||
Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 55,273 | 59,422 | |
Liabilities | 19 | 20 | |
Operating revenue | 6,500 | 6,374 | |
Profit (loss) | 23 | 1,224 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 23 | 1,224 | |
Milestone Private Real Estate Fund 3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 57,956 | 57,792 | |
Liabilities | 114 | 2 | |
Operating revenue | 1,880 | 7,083 | |
Profit (loss) | 1,522 | 6,797 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,522 | 6,797 | |
IGIS Private Real Estate Investment Trust 286 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 74,406 | ||
Liabilities | 53,065 | ||
Operating revenue | 5,298 | ||
Profit (loss) | 696 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 696 | ||
Nomura-Rifa Private Real Estate Investment Trust 31 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 97,211 | 98,291 | |
Liabilities | 72,103 | 71,442 | |
Operating revenue | 7,364 | 7,584 | |
Profit (loss) | 639 | 1,356 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 639 | 1,356 | |
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 48,157 | 62,682 | |
Liabilities | 33 | 45 | |
Operating revenue | 2,106 | 6,511 | |
Profit (loss) | 1,991 | 6,169 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,991 | 6,169 | |
Hana Semiconductor New Technology Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 111,661 | ||
Liabilities | 12,346 | ||
Operating revenue | 70,303 | ||
Profit (loss) | 56,926 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 56,926 | ||
J&Magnet Startup Venture Specialized Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 24,381 | ||
Liabilities | 50 | ||
Operating revenue | 8,291 | ||
Profit (loss) | 8,638 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 8,638 | ||
Cape IT Fund No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 30,651 | 32,448 | |
Liabilities | 52 | 75 | |
Operating revenue | 2,100 | 4,145 | |
Profit (loss) | (11) | 3,837 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (11) | 3,837 | |
FuturePlay-Shinhan TechInnovation Fund 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 14,297 | 8,621 | |
Liabilities | 0 | 31 | |
Operating revenue | 3 | 5 | |
Profit (loss) | (342) | (469) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (342) | (469) | |
Stonebridge Corporate 1st Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 6,718 | 7,342 | |
Liabilities | 0 | 1 | |
Operating revenue | 1 | 679 | |
Profit (loss) | (622) | 584 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (622) | 584 | |
Vogo Realty Partners Private Real Estate Fund V | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 49,842 | 50,139 | |
Liabilities | 82 | 99 | |
Operating revenue | 2,110 | 8,137 | |
Profit (loss) | (2,066) | 4,701 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (2,066) | 4,701 | |
Korea Credit Bureau | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 129,478 | 114,571 | |
Liabilities | 43,981 | 37,062 | |
Operating revenue | 121,982 | 93,275 | |
Profit (loss) | 8,988 | 3,992 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 8,988 | 3,992 | |
Goduck Gangil1 PFV Co., Ltd | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 301,513 | 334,349 | |
Liabilities | 317,276 | 348,276 | |
Operating revenue | 88,085 | 0 | |
Profit (loss) | (1,835) | (10,065) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (1,835) | (10,065) | |
SBC PFV Co., Ltd | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 334,262 | 119,994 | |
Liabilities | 175,976 | 7,199 | |
Operating revenue | 0 | 0 | |
Profit (loss) | (4,462) | (7,169) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (4,462) | (7,169) | |
NH-amundi global infra private fund 16 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 297,837 | 87,908 | |
Liabilities | 193,821 | 230 | |
Operating revenue | 25,560 | 20,499 | |
Profit (loss) | 14,770 | (6,215) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 14,770 | (6,215) | |
IMM Global Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 362,514 | 367,570 | |
Liabilities | 3,099 | 1,368 | |
Operating revenue | 50,060 | 17,222 | |
Profit (loss) | 24,933 | 2,995 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 24,933 | 2,995 | |
HANA Alternative Estate Professional Private122 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 39,878 | 39,449 | |
Liabilities | 38 | 38 | |
Operating revenue | 2,608 | 6,836 | |
Profit (loss) | 1,160 | 5,487 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,160 | 5,487 | |
Hanwha-Incus Plus New Technology Fund No.1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 25,860 | ||
Liabilities | 0 | ||
Operating revenue | 13,169 | ||
Profit (loss) | 12,961 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 12,961 | ||
SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 268,037 | 198,644 | |
Liabilities | 167,939 | 87,218 | |
Operating revenue | 3,231 | 4,479 | |
Profit (loss) | 415 | 3,329 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 415 | 3,329 | |
SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 389,240 | 395,815 | |
Liabilities | 0 | 0 | |
Operating revenue | 14,978 | 14,737 | |
Profit (loss) | 14,978 | 11,688 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 14,978 | 11,688 | |
PSA EMP Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 33,953 | ||
Liabilities | 97 | ||
Operating revenue | 8 | ||
Profit (loss) | (393) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (393) | ||
Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 54,914 | 57,026 | |
Liabilities | 756 | 784 | |
Operating revenue | 23,920 | 13,342 | |
Profit (loss) | 2,948 | 339 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 2,948 | 339 | |
BRAIN DO PROFESSIONALE PRIVATE No. 27 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 3,351 | 11,827 | |
Liabilities | 0 | 12 | |
Operating revenue | 2,002 | 1,414 | |
Profit (loss) | 2,002 | 1,292 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 2,002 | 1,292 | |
UI Venture Fund 7th | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 13,466 | ||
Liabilities | 21 | ||
Operating revenue | 2,044 | ||
Profit (loss) | 1,145 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 1,145 | ||
Sparklabs-Shinhan Opportunity Fund 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 9,372 | 9,760 | |
Liabilities | 0 | 0 | |
Operating revenue | 0 | 0 | |
Profit (loss) | (388) | (340) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (388) | (340) | |
BNW Tech-Innovation Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 20,215 | 20,119 | |
Liabilities | 513 | 213 | |
Operating revenue | 95 | 45 | |
Profit (loss) | (204) | (194) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (204) | (194) | |
IGIS Real-estate Private Investment Trust No.33 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 87,790 | 88,319 | |
Liabilities | 53,808 | 53,812 | |
Operating revenue | 1,123 | 1,570 | |
Profit (loss) | 440 | 378 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 440 | 378 | |
Findvalue PreIPO 6th Professional Investment Type Private Investment Trust | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 9,505 | ||
Liabilities | 0 | ||
Operating revenue | 5 | ||
Profit (loss) | 5 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 5 | ||
WWG Global Real Estate Investment Trust no.4 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 36,030 | 60,083 | |
Liabilities | 11 | 12 | |
Operating revenue | 2,538 | 8,431 | |
Profit (loss) | 293 | 2,971 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 293 | 2,971 | |
Fidelis Global Private Real Estate Trust No.2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 25,271 | 24,901 | |
Liabilities | 6 | 2 | |
Operating revenue | 1,575 | 1,902 | |
Profit (loss) | 1,532 | 1,214 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,532 | 1,214 | |
IGIS PRIVATE REAL ESTATE TRUST NO.331 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 57,655 | ||
Liabilities | 45,417 | ||
Operating revenue | 20 | ||
Profit (loss) | (388) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (388) | ||
AIP EURO PRIVATE REAL ESTATE TRUST No. 12 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 172,398 | 173,538 | |
Liabilities | 909 | 783 | |
Operating revenue | 23,567 | 40,882 | |
Profit (loss) | 21,983 | 13,425 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 21,983 | 13,425 | |
Pebblestone CGV Private Real Estate Trust No.1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 64,667 | 63,907 | |
Liabilities | 36,415 | 36,405 | |
Operating revenue | 7,147 | 7,451 | |
Profit (loss) | 2,350 | 1,141 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 2,350 | 1,141 | |
Shinhan AIM Real Estate Fund No.2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 79,162 | 75,018 | |
Liabilities | 1,580 | 138 | |
Operating revenue | 9,672 | 7,611 | |
Profit (loss) | (3,666) | (45,741) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (3,666) | (45,741) | |
Shinhan AIM Real Estate Fund No.1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 226,809 | 223,471 | |
Liabilities | 15,901 | 28 | |
Operating revenue | 20,209 | 22,855 | |
Profit (loss) | 8,467 | 7,284 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 8,467 | 7,284 | |
SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business] | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 149,702 | 149,686 | |
Liabilities | 75 | 75 | |
Operating revenue | 4,451 | 3,342 | |
Profit (loss) | 4,152 | 3,117 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 4,152 | 3,117 | |
SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business] | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 70,637 | 71,774 | |
Liabilities | 236 | 169 | |
Operating revenue | 0 | 4,948 | |
Profit (loss) | (1,231) | (3,773) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (1,231) | (3,773) | |
SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 26,429 | 9,380 | |
Liabilities | 33 | 12 | |
Operating revenue | 2,310 | 576 | |
Profit (loss) | (2,105) | (814) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (2,105) | (814) | |
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 61,389 | ||
Liabilities | 45,239 | ||
Operating revenue | 47,240 | ||
Profit (loss) | (46) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (46) | ||
Korea Omega-Shinhan Project Fund I | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 14,488 | 11,861 | |
Liabilities | 0 | 0 | |
Operating revenue | 0 | 0 | |
Profit (loss) | (1,373) | (139) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (1,373) | (139) | |
New Green Shinhan Mezzanine Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 12,538 | ||
Liabilities | 1 | ||
Operating revenue | 2,387 | ||
Profit (loss) | 2,337 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 2,337 | ||
KORAMKO-Daum Professional Private Investment Trust No.12 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,740 | ||
Liabilities | 157 | ||
Operating revenue | 1,949 | ||
Profit (loss) | 1,792 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 1,792 | ||
Samsung SRA Real Estate Professional Private 45 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 56,083 | 42,895 | |
Liabilities | 4,564 | 230 | |
Operating revenue | 3,833 | 4,155 | |
Profit (loss) | (1,769) | (355) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (1,769) | (355) | |
IBK Global New Renewable Energy Special Asset Professional Private2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 114,645 | 116,284 | |
Liabilities | 4,633 | 4,679 | |
Operating revenue | 5,520 | 19,514 | |
Profit (loss) | 5,265 | 10,943 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 5,265 | 10,943 | |
VS Cornerstone Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 8,281 | 8,413 | |
Liabilities | 0 | 0 | |
Operating revenue | 2 | 2 | |
Profit (loss) | (132) | (87) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (132) | (87) | |
Aone Mezzanine Opportunity Professional Private | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 15,247 | 14,530 | |
Liabilities | 800 | 40 | |
Operating revenue | 1,409 | 2,507 | |
Profit (loss) | (18) | 2,390 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (18) | 2,390 | |
KiwoomUnicorn3New Technology Business Investment Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 20,132 | ||
Liabilities | 0 | ||
Operating revenue | 6,112 | ||
Profit (loss) | 6,031 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 6,031 | ||
Multi Asset The United States Thortons Professional Private1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 165,775 | ||
Liabilities | 15 | ||
Operating revenue | 2,111 | ||
Profit (loss) | 671 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 671 | ||
Kiwoom Milestone US Real Estate Professional Private20 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 68,591 | ||
Liabilities | 157 | ||
Operating revenue | 3,508 | ||
Profit (loss) | 2,286 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 2,286 | ||
NH-Amundi US Infrastructure Private Fund2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 104,374 | 99,409 | |
Liabilities | 61 | 1,248 | |
Operating revenue | 6,769 | 16,758 | |
Profit (loss) | 5,351 | 3,025 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 5,351 | 3,025 | |
KB Distribution Private Real Estate1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 50,014 | 50,013 | |
Liabilities | 508 | 500 | |
Operating revenue | 2,335 | 1,174 | |
Profit (loss) | 2,289 | 1,151 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 2,289 | 1,151 | |
SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business] | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 71,647 | ||
Liabilities | 54 | ||
Operating revenue | 2,677 | ||
Profit (loss) | 2,571 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 2,571 | ||
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative] | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 43,540 | 97,412 | |
Liabilities | 155 | 248 | |
Operating revenue | 7,216 | 5,176 | |
Profit (loss) | 2,216 | 2,993 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 2,216 | 2,993 | |
Kakao-Shinhan 1st TNYT Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 29,948 | 12,014 | |
Liabilities | 133 | 331 | |
Operating revenue | 8 | 2 | |
Profit (loss) | (379) | (657) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (379) | (657) | |
IMM Special Situation 1-2 PRIVATE EQUITY FUND | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 57,965 | 54,328 | |
Liabilities | 3 | 33 | |
Operating revenue | 4,610 | 4,378 | |
Profit (loss) | 4,418 | 4,344 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 4,418 | 4,344 | |
Pacific Private Placement Real Estate Fund No.40 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 46,898 | 145,123 | |
Liabilities | 0 | 98,029 | |
Operating revenue | 398 | 2,554 | |
Profit (loss) | 398 | 1,511 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 398 | 1,511 | |
Mastern Private Real Estate Loan Fund No.2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,453 | 17,156 | |
Liabilities | 139 | 201 | |
Operating revenue | 549 | 98 | |
Profit (loss) | 410 | (143) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 410 | (143) | |
LB Scotland Amazon Fulfillment Center Fund 29 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 44,614 | 44,483 | |
Liabilities | 37 | 28 | |
Operating revenue | 5,177 | 1,975 | |
Profit (loss) | 3,345 | 612 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 3,345 | 612 | |
JR AMC Hungary Budapest Office Fund 16 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 38,545 | 38,581 | |
Liabilities | 1,271 | 1,112 | |
Operating revenue | 0 | 2,531 | |
Profit (loss) | 0 | 2,531 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 0 | 2,531 | |
IGIS 372 Real Estate Professional Private | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 628,769 | ||
Liabilities | 428,577 | ||
Operating revenue | 10,221 | ||
Profit (loss) | (4,808) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (4,808) | ||
KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 18,460 | ||
Liabilities | 2,824 | ||
Operating revenue | 1,673 | ||
Profit (loss) | 240 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 240 | ||
Future-Creation Neoplux Venture Capital Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,488 | 27,271 | |
Liabilities | 3,919 | 4,137 | |
Operating revenue | 10,294 | 7,270 | |
Profit (loss) | 1,332 | 4,300 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,332 | 4,300 | |
Gyeonggi-Neoplux Superman Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 36,815 | 31,898 | |
Liabilities | 620 | 186 | |
Operating revenue | 21,349 | 533 | |
Profit (loss) | 17,163 | (212) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 17,163 | (212) | |
NewWave 6th Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 48,185 | 20,501 | |
Liabilities | 0 | 0 | |
Operating revenue | 4,009 | 2,757 | |
Profit (loss) | 2,434 | 1,528 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 2,434 | 1,528 | |
Neoplux No.3 Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 226,970 | 103,712 | |
Liabilities | 962 | 756 | |
Operating revenue | 38,467 | 9,114 | |
Profit (loss) | 21,233 | (7,108) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 21,233 | (7,108) | |
PCC Amberstone Private Equity Fund I | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 105,169 | 104,930 | |
Liabilities | 0 | 1,194 | |
Operating revenue | 12,174 | 12,280 | |
Profit (loss) | 12,302 | 5,501 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 12,302 | 5,501 | |
KIAMCO POWERLOAN TRUST 4TH | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 95,658 | 92,817 | |
Liabilities | 24 | 23 | |
Operating revenue | 3,282 | 815 | |
Profit (loss) | 3,188 | 1,193 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 3,188 | 1,193 | |
Mastern Opportunity Seeking Real Estate Fund II | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 111,276 | 99,087 | |
Liabilities | 4,692 | 93 | |
Operating revenue | 11,332 | 1,391 | |
Profit (loss) | 11,274 | 1,453 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 11,274 | 1,453 | |
AION ELFIS PROFESSIONAL PRIVATE 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,143 | 27,672 | |
Liabilities | 31 | 30 | |
Operating revenue | 4,212 | 2,710 | |
Profit (loss) | 1,219 | 2,642 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,219 | 2,642 | |
T&F 2020 SS Private Equity Fund Specializing in Start-up and Venture Business | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 15,062 | 15,074 | |
Liabilities | 374 | 73 | |
Operating revenue | 0 | 0 | |
Profit (loss) | (312) | (160) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (312) | (160) | |
Neoplux Market-Frontier Secondary Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 58,273 | 56,363 | |
Liabilities | 954 | 1,636 | |
Operating revenue | 7,913 | 1,359 | |
Profit (loss) | 1,932 | (339) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 1,932 | (339) | |
Synergy Green New Deal 1st New Technology Business Investment Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 34,379 | 35,539 | |
Liabilities | 0 | 12 | |
Operating revenue | 977 | 39 | |
Profit (loss) | (272) | 27 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (272) | 27 | |
KAIM Real-estate Private Investment Trust 20 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 13,125 | 13,254 | |
Liabilities | 0 | 0 | |
Operating revenue | 125 | 254 | |
Profit (loss) | 125 | 254 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 125 | 254 | |
KIAMCO Vietnam Solar Special Asset Private Investment Trust | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 15,065 | 15,902 | |
Liabilities | 12 | 6 | |
Operating revenue | 0 | 0 | |
Profit (loss) | 0 | (404) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 0 | (404) | |
CSQUARE SNIPER PROFESSIONAL PRIVATE 10 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 5,269 | 5,010 | |
Liabilities | 75 | 10 | |
Operating revenue | 425 | 10 | |
Profit (loss) | 195 | 0 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 195 | 0 | |
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 60,740 | 45,582 | |
Liabilities | 59 | 9 | |
Operating revenue | 6,767 | 0 | |
Profit (loss) | 6,637 | (9) | |
Other comprehensive income | 2,339 | 0 | |
Total comprehensive income | 8,976 | (9) | |
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 60,740 | 45,582 | |
Liabilities | 59 | 9 | |
Operating revenue | 6,767 | 0 | |
Profit (loss) | 6,637 | (9) | |
Other comprehensive income | 2,339 | 0 | |
Total comprehensive income | 8,976 | (9) | |
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 134,667 | 141,811 | |
Liabilities | 94,282 | 93,336 | |
Operating revenue | 6 | 1 | |
Profit (loss) | (8,090) | 1,290 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (8,090) | 1,290 | |
IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 116,853 | ||
Liabilities | 66,459 | ||
Operating revenue | 0 | ||
Profit (loss) | (605) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (605) | ||
SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 90,848 | 70,487 | |
Liabilities | 38 | 14 | |
Operating revenue | 3,650 | 194 | |
Profit (loss) | 2,767 | 180 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 2,767 | 180 | |
Kiwoom Private Equity Ant-Man Startup Venture Specialized Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 30,434 | 20,174 | |
Liabilities | 59 | 40 | |
Operating revenue | 10,475 | 4,210 | |
Profit (loss) | 10,241 | 4,134 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 10,241 | 4,134 | |
Kiwoom Hero No.4 Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 20,478 | 22,359 | |
Liabilities | 29 | 1 | |
Operating revenue | 1 | 0 | |
Profit (loss) | (1,908) | 3,358 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | (1,908) | 3,358 | |
Vogo Canister Professional Trust Private Fund I | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 112,505 | 119,968 | |
Liabilities | 72 | 76 | |
Operating revenue | 16,029 | 17,022 | |
Profit (loss) | 4,949 | 4,148 | |
Other comprehensive income | 0 | 0 | |
Total comprehensive income | 4,949 | ₩ 4,148 | |
Goduck Gangil10 PFV Co., Ltd | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 253,607 | ||
Liabilities | 261,969 | ||
Operating revenue | 0 | ||
Profit (loss) | (8,526) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (8,526) | ||
Shinhan Healthcare Fund 2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 35 | ||
Liabilities | 138 | ||
Operating revenue | 340 | ||
Profit (loss) | (7,310) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (7,310) | ||
ST-Bonanja Food tech | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 8,650 | ||
Liabilities | 0 | ||
Operating revenue | 3,666 | ||
Profit (loss) | 3,519 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 3,519 | ||
EDNCENTRAL Co.,Ltd. | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 94,405 | ||
Liabilities | 96,892 | ||
Operating revenue | 1,381 | ||
Profit (loss) | (5,093) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (5,093) | ||
KTC-NP Growth Champ 2011-2 Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 80,853 | ||
Liabilities | 9,024 | ||
Operating revenue | 20,479 | ||
Profit (loss) | 20,472 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 20,472 | ||
Harvest Private Equity Fund II | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 15,877 | ||
Liabilities | 97 | ||
Operating revenue | 2,496 | ||
Profit (loss) | 2,262 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 2,262 | ||
Daishin New Technology Investment Fund 5th | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 18,970 | ||
Liabilities | 30 | ||
Operating revenue | 6,903 | ||
Profit (loss) | 6,778 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 6,778 | ||
Acurus Hyundai Investment Partners New Technology | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 17,642 | ||
Liabilities | 42 | ||
Operating revenue | 6,881 | ||
Profit (loss) | 6,679 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 6,679 | ||
SHINHAN-NEO Core Industrial Technology Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 11,439 | ||
Liabilities | 0 | ||
Operating revenue | 5 | ||
Profit (loss) | (499) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (499) | ||
SIMONE Mezzanine Fund No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 10,404 | ||
Liabilities | 9 | ||
Operating revenue | 345 | ||
Profit (loss) | 253 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 253 | ||
Eum Private Equity Fund No.7 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 37,495 | ||
Liabilities | 0 | ||
Operating revenue | 0 | ||
Profit (loss) | (573) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (573) | ||
SW-S Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,191 | ||
Liabilities | 0 | ||
Operating revenue | 0 | ||
Profit (loss) | (909) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (909) | ||
CL Buyout 1st PEF | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 64,518 | ||
Liabilities | 159 | ||
Operating revenue | 1 | ||
Profit (loss) | (390) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (390) | ||
Timefolio The Venture-V second | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,829 | ||
Liabilities | 769 | ||
Operating revenue | 3,361 | ||
Profit (loss) | 2,941 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 2,941 | ||
Newlake Growth Capital Partners2 PEF | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 43,187 | ||
Liabilities | 0 | ||
Operating revenue | 290 | ||
Profit (loss) | (263) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (263) | ||
Shinhan Smilegate Global PEF I | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 23,469 | ||
Liabilities | 0 | ||
Operating revenue | 0 | ||
Profit (loss) | (281) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (281) | ||
Fount Professional Investors Private Investment Trust No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 10,416 | ||
Liabilities | 17 | ||
Operating revenue | 411 | ||
Profit (loss) | 394 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 394 | ||
Genesis Eco No.1 PEF | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 38,369 | ||
Liabilities | 4 | ||
Operating revenue | 308 | ||
Profit (loss) | (377) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (377) | ||
SHINHAN-NEO Market-Frontier 2nd Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 58,138 | ||
Liabilities | 513 | ||
Operating revenue | 1,466 | ||
Profit (loss) | (2,375) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (2,375) | ||
NH-Synergy Core Industrial New Technology Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 17,430 | ||
Liabilities | 0 | ||
Operating revenue | 0 | ||
Profit (loss) | (170) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (170) | ||
J& Moorim Jade Investment Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,265 | ||
Liabilities | 6 | ||
Operating revenue | 356 | ||
Profit (loss) | 160 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 160 | ||
Ulmus SHC innovation investment fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 21,601 | ||
Liabilities | 0 | ||
Operating revenue | 956 | ||
Profit (loss) | 801 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 801 | ||
Mirae Asset Partners X Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,035 | ||
Liabilities | 33 | ||
Operating revenue | 1 | ||
Profit (loss) | (398) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (398) | ||
T Core Industrial Technology 1st Venture PEF | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 14,418 | ||
Liabilities | 5 | ||
Operating revenue | 197 | ||
Profit (loss) | 113 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 113 | ||
Curious Finale Corporate Recovery Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 13,346 | ||
Liabilities | 61 | ||
Operating revenue | 1,275 | ||
Profit (loss) | 1,126 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 1,126 | ||
TI First Property Private Investment Trust 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 7,654 | ||
Liabilities | 17 | ||
Operating revenue | 156 | ||
Profit (loss) | 139 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 139 | ||
MPLUS Professional Private Real Estate Fund 25 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 8,186 | ||
Liabilities | 290 | ||
Operating revenue | 451 | ||
Profit (loss) | 396 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 396 | ||
IBKC Global Contents Investment Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 20,265 | ||
Liabilities | 0 | ||
Operating revenue | 0 | ||
Profit (loss) | (235) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (235) | ||
Nautic Smart No.6 Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 10,565 | ||
Liabilities | 32 | ||
Operating revenue | 50 | ||
Profit (loss) | (68) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (68) | ||
Premier Luminous Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 25,170 | ||
Liabilities | 3 | ||
Operating revenue | 0 | ||
Profit (loss) | (375) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (375) | ||
Hanyang-Meritz 1 Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 15,423 | ||
Liabilities | 0 | ||
Operating revenue | 0 | ||
Profit (loss) | (77) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (77) | ||
KNT 2ND PRIVATE EQUITY FUND | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 19,133 | ||
Liabilities | 9 | ||
Operating revenue | 5,402 | ||
Profit (loss) | 5,324 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 5,324 | ||
Maple Mobility Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 43,024 | ||
Liabilities | 1 | ||
Operating revenue | 0 | ||
Profit (loss) | (2,930) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (2,930) | ||
AVES 1st Corporate Recovery Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 6,215 | ||
Liabilities | 0 | ||
Operating revenue | 0 | ||
Profit (loss) | (85) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (85) | ||
JS Shinhan Private Equity Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 130,967 | ||
Liabilities | 1 | ||
Operating revenue | 7 | ||
Profit (loss) | (1,036) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (1,036) | ||
Daishin Newgen New Technology Investment Fund 1st | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 24,050 | ||
Liabilities | 2 | ||
Operating revenue | 1 | ||
Profit (loss) | 8,238 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 8,238 | ||
META ESG Private Equity Fund I | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 21,722 | ||
Liabilities | 0 | ||
Operating revenue | 1 | ||
Profit (loss) | (178) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (178) | ||
SWFV FUND-1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 24,055 | ||
Liabilities | 90 | ||
Operating revenue | 0 | ||
Profit (loss) | (135) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (135) | ||
PHAROS DK FUND | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 16,349 | ||
Liabilities | 60 | ||
Operating revenue | 0 | ||
Profit (loss) | (210) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (210) | ||
Shinhan VC tomorrow venture fund 1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 22,603 | ||
Liabilities | 0 | ||
Operating revenue | 23 | ||
Profit (loss) | (397) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (397) | ||
Highland 2021-8 Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 15,000 | ||
Liabilities | 2 | ||
Operating revenue | 0 | ||
Profit (loss) | (2) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (2) | ||
Medicii 2021-3 Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 39,217 | ||
Liabilities | 15 | ||
Operating revenue | 0 | ||
Profit (loss) | (98) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (98) | ||
Tres-Yujin Trust | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 20,000 | ||
Liabilities | 11 | ||
Operating revenue | 0 | ||
Profit (loss) | (11) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (11) | ||
Shinhan-Time mezzanine blind Fund | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 29,885 | ||
Liabilities | 0 | ||
Operating revenue | 0 | ||
Profit (loss) | (115) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (115) | ||
Capstone REITs No.26 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 12,223 | ||
Liabilities | 3,433 | ||
Operating revenue | 0 | ||
Profit (loss) | 0 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 0 | ||
JB Incheon-Bucheon REITS No.54 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 12,718 | ||
Liabilities | 2 | ||
Operating revenue | 0 | ||
Profit (loss) | (2) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (2) | ||
Hankook Smart Real Asset Investment Trust No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 13,146 | ||
Liabilities | 120 | ||
Operating revenue | 532 | ||
Profit (loss) | 506 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 506 | ||
JB Hwaseong-Hadong REITs No.53 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 16,113 | ||
Liabilities | 2 | ||
Operating revenue | 0 | ||
Profit (loss) | (2) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | (2) | ||
KB Oaktree Trust No.3 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 9,552 | ||
Liabilities | 77 | ||
Operating revenue | 130 | ||
Profit (loss) | 52 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 52 | ||
Daehan No.36 Office Asset Management Company | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 133,884 | ||
Liabilities | 95,993 | ||
Operating revenue | 1,000 | ||
Profit (loss) | 111 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 111 | ||
Rhinos Premier Mezzanine Private Investment Fund No.1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 10,759 | ||
Liabilities | 0 | ||
Operating revenue | 19 | ||
Profit (loss) | 17 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 17 | ||
SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 66,959 | ||
Liabilities | 12 | ||
Operating revenue | 1,617 | ||
Profit (loss) | 1,605 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 1,605 | ||
Shinhan JigaeNamsan Road Private Special Asset Investment Trust | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 161,417 | ||
Liabilities | 27 | ||
Operating revenue | 467 | ||
Profit (loss) | 440 | ||
Other comprehensive income | 0 | ||
Total comprehensive income | 440 | ||
SKS-Yozma Fund No.1 | |||
Condensed statement of financial position and comprehensive income information of associates [Line Items] | |||
Assets | 19,915 | ||
Liabilities | 0 | ||
Operating revenue | 1 | ||
Profit (loss) | (185) | ||
Other comprehensive income | 0 | ||
Total comprehensive income | ₩ (185) |
Investments in associates - Rec
Investments in associates - Reconciliation of the financial information to the carrying value of its interests in the associates (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 8,508,993 | ₩ 8,101,037 |
Interests in the net assets (A*B) | 2,911,306 | 2,657,250 |
Intra-group transactions | (17) | (32) |
Other reconciliations | 2,456 | 550 |
Investments in associates | 2,913,745 | 2,657,768 |
BNP Paribas Cardif Life Insurance | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 293,634 | ₩ 337,586 |
Proportion of ownership interest in associate | 14.99% | 14.99% |
Interests in the net assets (A*B) | ₩ 44,039 | ₩ 50,632 |
Intra-group transactions | (17) | (32) |
Other reconciliations | 0 | 0 |
Investments in associates | 44,022 | 50,600 |
Songrim Partners | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (62) | ₩ (62) |
Proportion of ownership interest in associate | 35.34% | 35.34% |
Interests in the net assets (A*B) | ₩ (22) | ₩ (22) |
Intra-group transactions | 0 | 0 |
Other reconciliations | 22 | 22 |
Investments in associates | 0 | 0 |
Partners 4th Growth Investment Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 52,134 | ₩ 47,832 |
Proportion of ownership interest in associate | 25.00% | 25.00% |
Interests in the net assets (A*B) | ₩ 13,033 | ₩ 11,958 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 13,033 | 11,958 |
KTB Newlake Global Healthcare PEF | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 30,808 | ₩ 30,780 |
Proportion of ownership interest in associate | 30.00% | 30.00% |
Interests in the net assets (A*B) | ₩ 9,299 | ₩ 9,234 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 113 | 170 |
Investments in associates | 9,412 | 9,404 |
DAEKWANG SEMICONDUCTOR CO., LTD. | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 17,343 | |
Proportion of ownership interest in associate | 20.94% | |
Interests in the net assets (A*B) | ₩ 3,631 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 3,631 |
Shinhan-Neoplux Energy Newbiz Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 65,211 | ₩ 44,590 |
Proportion of ownership interest in associate | 31.66% | 31.66% |
Interests in the net assets (A*B) | ₩ 16,032 | ₩ 14,470 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 16,032 | 14,470 |
Shinhan-Albatross Tech Investment Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 20,213 | ₩ 27,300 |
Proportion of ownership interest in associate | 50.00% | 49.97% |
Interests in the net assets (A*B) | ₩ 10,389 | ₩ 13,322 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 10,389 | 13,322 |
Eum Private Equity Fund No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 16 | |
Proportion of ownership interest in associate | 20.76% | |
Interests in the net assets (A*B) | ₩ 3 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3 | |
Meritz AI-SingA330-A Investment Type Private Placement Special Asset Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 0 | |
Proportion of ownership interest in associate | 23.89% | |
Interests in the net assets (A*B) | ₩ 0 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | |
Meritz AI-SingA330-B Investment Type Private Placement Special Asset Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 0 | |
Proportion of ownership interest in associate | 20.16% | |
Interests in the net assets (A*B) | ₩ 0 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | |
VOGO DEBT STRATEGY QUALIFIED INV PRIVATE R/E INV TR 4 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 35,896 | ₩ 43,512 |
Proportion of ownership interest in associate | 20.00% | 20.00% |
Interests in the net assets (A*B) | ₩ 7,179 | ₩ 8,702 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,179 | 8,702 |
Shinhan-Midas Donga Secondary Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 7,902 | ₩ 9,504 |
Proportion of ownership interest in associate | 50.00% | 50.00% |
Interests in the net assets (A*B) | ₩ 3,951 | ₩ 4,752 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 3,951 | 4,752 |
ShinHan - Soo Young Entrepreneur Investment Fund No.1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 17,608 | ₩ 41,532 |
Proportion of ownership interest in associate | 24.00% | 24.00% |
Interests in the net assets (A*B) | ₩ 4,226 | ₩ 9,968 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 4,226 | 9,968 |
Shinhan Praxis K-Growth Global Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 41,133 | ₩ 52,707 |
Proportion of ownership interest in associate | 18.87% | 18.87% |
Interests in the net assets (A*B) | ₩ 7,761 | ₩ 9,945 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,761 | 9,945 |
Credian Healthcare Private Equity Fund II | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 17,126 | |
Proportion of ownership interest in associate | 34.07% | |
Interests in the net assets (A*B) | ₩ 5,835 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 5,835 |
Kiwoom Milestone Professional Private Real Estate Trust 19 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 10,505 | ₩ 19,835 |
Proportion of ownership interest in associate | 50.00% | 50.00% |
Interests in the net assets (A*B) | ₩ 5,253 | ₩ 9,918 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 5,253 | 9,918 |
AIP EUROGREEN Private Real Estate Investment Trust No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 139,576 | ₩ 98,780 |
Proportion of ownership interest in associate | 21.28% | 21.28% |
Interests in the net assets (A*B) | ₩ 29,703 | ₩ 21,021 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 29,703 | 21,021 |
Hanhwa US Equity Strategy Private Real Estate Fund No.1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 5,077 | |
Proportion of ownership interest in associate | 44.84% | |
Interests in the net assets (A*B) | ₩ 2,277 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 2,277 | |
Shinhan Global Healthcare Fund 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (3,464) | ₩ (2,049) |
Proportion of ownership interest in associate | 4.41% | 4.41% |
Interests in the net assets (A*B) | ₩ (153) | ₩ (90) |
Intra-group transactions | 0 | 0 |
Other reconciliations | 153 | 90 |
Investments in associates | 0 | 0 |
JB Power TL Investment Type Private Placement Special Asset Fund 7 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 48,560 | |
Proportion of ownership interest in associate | 33.33% | |
Interests in the net assets (A*B) | ₩ 16,186 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 16,186 |
KB NA Hickory Private Special Asset Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 91,668 | ₩ 93,167 |
Proportion of ownership interest in associate | 37.50% | 37.50% |
Interests in the net assets (A*B) | ₩ 34,376 | ₩ 34,938 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 34,376 | 34,938 |
Koramco Europe Core Private Placement Real Estate Fund No.2-2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 44,275 | ₩ 42,291 |
Proportion of ownership interest in associate | 44.02% | 44.02% |
Interests in the net assets (A*B) | ₩ 19,492 | ₩ 18,618 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 19,492 | 18,618 |
BNP Paribas Cardif General Insurance | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 61,431 | ₩ 52,215 |
Proportion of ownership interest in associate | 5.46% | 7.46% |
Interests in the net assets (A*B) | ₩ 3,354 | ₩ 3,895 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 3,354 | 3,895 |
Hermes Private Investment Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 33,537 | ₩ 20,911 |
Proportion of ownership interest in associate | 29.17% | 29.17% |
Interests in the net assets (A*B) | ₩ 9,782 | ₩ 6,099 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 9,782 | 6,099 |
Shinhan-Nvestor Liquidity Solution Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 21,420 | ₩ 18,032 |
Proportion of ownership interest in associate | 24.92% | 24.92% |
Interests in the net assets (A*B) | ₩ 5,338 | ₩ 4,493 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 5,338 | 4,493 |
Shinhan AIM FoF Fund 1a | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 36,623 | ₩ 35,040 |
Proportion of ownership interest in associate | 25.00% | 25.00% |
Interests in the net assets (A*B) | ₩ 9,156 | ₩ 8,760 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 9,156 | 8,760 |
IGIS Global Credit Fund 150-1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 21,609 | ₩ 29,129 |
Proportion of ownership interest in associate | 25.00% | 25.00% |
Interests in the net assets (A*B) | ₩ 5,402 | ₩ 7,282 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 5,402 | 7,282 |
Soo Commerce Platform Growth Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 4,658 | |
Proportion of ownership interest in associate | 24.62% | |
Interests in the net assets (A*B) | ₩ 1,147 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 1,147 | |
Partner One Value up I Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 28,273 | ₩ 42,205 |
Proportion of ownership interest in associate | 27.91% | 27.91% |
Interests in the net assets (A*B) | ₩ 7,891 | ₩ 11,779 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,891 | 11,779 |
Genesis No.1 Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 243,534 | ₩ 351,329 |
Proportion of ownership interest in associate | 22.80% | 22.80% |
Interests in the net assets (A*B) | ₩ 55,533 | ₩ 80,113 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 55,533 | 80,113 |
Korea Omega Project Fund III | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 18,234 | ₩ 15,141 |
Proportion of ownership interest in associate | 23.53% | 23.53% |
Interests in the net assets (A*B) | ₩ 4,290 | ₩ 3,563 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 4,290 | 3,563 |
Soo Delivery Platform Growth Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 19,578 | ₩ 13,560 |
Proportion of ownership interest in associate | 30.00% | 30.00% |
Interests in the net assets (A*B) | ₩ 5,873 | ₩ 4,068 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 5,873 | 4,068 |
Genesis North America Power Company No.1 PEF | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 34,310 | ₩ 42,494 |
Proportion of ownership interest in associate | 40.03% | 39.96% |
Interests in the net assets (A*B) | ₩ 13,736 | ₩ 16,983 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 13,736 | 16,983 |
Hyungje art printing | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (264) | |
Proportion of ownership interest in associate | 31.54% | |
Interests in the net assets (A*B) | ₩ (83) | |
Intra-group transactions | 0 | |
Other reconciliations | 83 | |
Investments in associates | 0 | 0 |
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 178,069 | ₩ 45,350 |
Proportion of ownership interest in associate | 23.33% | 23.33% |
Interests in the net assets (A*B) | ₩ 41,549 | ₩ 10,582 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 41,549 | 10,582 |
Shinhan-Rhinos 1 Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 11,560 | |
Proportion of ownership interest in associate | 22.48% | |
Interests in the net assets (A*B) | ₩ 2,599 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 2,599 | |
Pacific Private Investment Trust No.20 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 13,794 | |
Proportion of ownership interest in associate | 21.74% | |
Interests in the net assets (A*B) | ₩ 2,999 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 2,999 | |
Susung Mezzanine project P1 Private Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 3,220 | |
Proportion of ownership interest in associate | 41.31% | |
Interests in the net assets (A*B) | ₩ 1,345 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 1,345 | |
Korea Finance Security | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 20,078 | ₩ 20,490 |
Proportion of ownership interest in associate | 14.91% | 14.91% |
Interests in the net assets (A*B) | ₩ 2,994 | ₩ 3,055 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 2,994 | 3,055 |
Multimedia Tech Co.Ltd | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (69) | |
Proportion of ownership interest in associate | 21.06% | |
Interests in the net assets (A*B) | ₩ (15) | |
Intra-group transactions | 0 | |
Other reconciliations | 15 | |
Investments in associates | 0 | 0 |
MIEL CO.,LTD | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (141) | ₩ (85) |
Proportion of ownership interest in associate | 28.77% | 28.77% |
Interests in the net assets (A*B) | ₩ (41) | ₩ (25) |
Intra-group transactions | 0 | 0 |
Other reconciliations | 41 | 25 |
Investments in associates | 0 | 0 |
AIP Transportation Specialized Privately Placed Fund Trust #1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 97,097 | ₩ 92,353 |
Proportion of ownership interest in associate | 35.73% | 35.73% |
Interests in the net assets (A*B) | ₩ 34,688 | ₩ 32,993 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 34,688 | 32,993 |
DB Epic Convertiblebond Private Trust No.2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 11,348 | |
Proportion of ownership interest in associate | 50.98% | |
Interests in the net assets (A*B) | ₩ 5,785 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 5,785 |
E&Healthcare Investment Fund No.6 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 32,615 | ₩ 72,023 |
Proportion of ownership interest in associate | 21.05% | 21.05% |
Interests in the net assets (A*B) | ₩ 6,866 | ₩ 15,163 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 6,866 | 15,163 |
One Shinhan Global Fund 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 15,758 | ₩ 22,244 |
Proportion of ownership interest in associate | 20.56% | 19.96% |
Interests in the net assets (A*B) | ₩ 3,773 | ₩ 4,029 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 3,773 | 4,029 |
Kiwoom-Shinhan Innovation Fund I | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 23,462 | ₩ 31,938 |
Proportion of ownership interest in associate | 50.00% | 50.00% |
Interests in the net assets (A*B) | ₩ 11,731 | ₩ 15,969 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 11,731 | 15,969 |
Daishin-K&T New Technology Investment Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 25,571 | ₩ 22,400 |
Proportion of ownership interest in associate | 31.25% | 31.25% |
Interests in the net assets (A*B) | ₩ 7,991 | ₩ 7,000 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,991 | 7,000 |
Midas Asset Global CRE Debt Private Fund No.6 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 117,347 | ₩ 115,122 |
Proportion of ownership interest in associate | 41.16% | 41.16% |
Interests in the net assets (A*B) | ₩ 48,305 | ₩ 47,389 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 48,305 | 47,389 |
Richmond Private Investment Trust No.82 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 25,082 | |
Proportion of ownership interest in associate | 60.00% | |
Interests in the net assets (A*B) | ₩ 15,049 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 15,049 |
Tiger Alternative Real Estate Professional Private5 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 37,978 | |
Proportion of ownership interest in associate | 48.71% | |
Interests in the net assets (A*B) | ₩ 18,499 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 18,499 |
Samchully Midstream Private Placement Special Asset Fund 5-4 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 65,931 | ₩ 67,141 |
Proportion of ownership interest in associate | 42.92% | 42.92% |
Interests in the net assets (A*B) | ₩ 27,471 | ₩ 28,818 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 27,471 | 28,818 |
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 126,020 | ₩ 327,917 |
Proportion of ownership interest in associate | 20.00% | 20.00% |
Interests in the net assets (A*B) | ₩ 25,204 | ₩ 65,616 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 25,204 | 65,616 |
NH-Amundi Global Infrastructure Trust 14 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 61,004 | ₩ 62,728 |
Proportion of ownership interest in associate | 30.00% | 30.00% |
Interests in the net assets (A*B) | ₩ 18,301 | ₩ 18,819 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 18,301 | 18,819 |
Jarvis Memorial Private Investment Trust 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 10,210 | ₩ 10,143 |
Proportion of ownership interest in associate | 99.01% | 99.01% |
Interests in the net assets (A*B) | ₩ 10,109 | ₩ 10,043 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 10,109 | 10,043 |
Mastern Private Investment Trust 68 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 18,620 | |
Proportion of ownership interest in associate | 53.76% | |
Interests in the net assets (A*B) | ₩ 10,010 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 10,010 |
Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 55,254 | ₩ 59,402 |
Proportion of ownership interest in associate | 60.00% | 60.00% |
Interests in the net assets (A*B) | ₩ 33,153 | ₩ 35,641 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 33,153 | 35,641 |
Milestone Private Real Estate Fund 3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 57,842 | ₩ 57,790 |
Proportion of ownership interest in associate | 32.06% | 32.06% |
Interests in the net assets (A*B) | ₩ 18,544 | ₩ 18,528 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 18,544 | 18,528 |
IGIS Private Real Estate Investment Trust 286 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 21,341 | |
Proportion of ownership interest in associate | 41.44% | |
Interests in the net assets (A*B) | ₩ 8,844 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 8,844 |
Nomura-Rifa Private Real Estate Investment Trust 31 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 25,108 | ₩ 26,849 |
Proportion of ownership interest in associate | 31.31% | 31.31% |
Interests in the net assets (A*B) | ₩ 7,902 | ₩ 8,407 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,902 | 8,407 |
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 48,124 | ₩ 62,637 |
Proportion of ownership interest in associate | 21.27% | 21.27% |
Interests in the net assets (A*B) | ₩ 10,236 | ₩ 13,323 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 10,236 | 13,323 |
Hana Semiconductor New Technology Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 99,315 | |
Proportion of ownership interest in associate | 24.30% | |
Interests in the net assets (A*B) | ₩ 24,131 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 24,131 |
J&Magnet Startup Venture Specialized Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 24,331 | |
Proportion of ownership interest in associate | 24.39% | |
Interests in the net assets (A*B) | ₩ 5,935 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 5,935 |
Cape IT Fund No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 30,599 | ₩ 32,373 |
Proportion of ownership interest in associate | 32.89% | 32.89% |
Interests in the net assets (A*B) | ₩ 10,065 | ₩ 10,649 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 10,065 | 10,649 |
FuturePlay-Shinhan TechInnovation Fund 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 14,297 | ₩ 8,590 |
Proportion of ownership interest in associate | 50.00% | 50.00% |
Interests in the net assets (A*B) | ₩ 7,149 | ₩ 4,295 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,149 | 4,295 |
Stonebridge Corporate 1st Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 6,718 | ₩ 7,341 |
Proportion of ownership interest in associate | 44.12% | 44.12% |
Interests in the net assets (A*B) | ₩ 2,964 | ₩ 3,239 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 2,964 | 3,239 |
Vogo Realty Partners Private Real Estate Fund V | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 49,760 | ₩ 50,040 |
Proportion of ownership interest in associate | 21.64% | 21.64% |
Interests in the net assets (A*B) | ₩ 10,766 | ₩ 10,827 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 10,766 | 10,827 |
Korea Credit Bureau | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 85,497 | ₩ 77,509 |
Proportion of ownership interest in associate | 9.00% | 9.00% |
Interests in the net assets (A*B) | ₩ 7,695 | ₩ 6,976 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,695 | 6,976 |
Goduck Gangil1 PFV Co., Ltd | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (15,763) | ₩ (13,927) |
Proportion of ownership interest in associate | 1.04% | 1.04% |
Interests in the net assets (A*B) | ₩ (164) | ₩ (145) |
Intra-group transactions | 0 | 0 |
Other reconciliations | 164 | 145 |
Investments in associates | 0 | 0 |
SBC PFV Co., Ltd | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 158,286 | ₩ 112,795 |
Proportion of ownership interest in associate | 25.00% | 25.00% |
Interests in the net assets (A*B) | ₩ 34,581 | ₩ 18,208 |
Intra-group transactions | 0 | 0 |
Other reconciliations | (4,995) | 0 |
Investments in associates | 29,586 | 18,208 |
NH-amundi global infra private fund 16 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 104,016 | ₩ 87,678 |
Proportion of ownership interest in associate | 50.00% | 50.00% |
Interests in the net assets (A*B) | ₩ 52,008 | ₩ 43,839 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 52,008 | 43,839 |
IMM Global Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 359,415 | ₩ 366,202 |
Proportion of ownership interest in associate | 33.00% | 33.00% |
Interests in the net assets (A*B) | ₩ 118,615 | ₩ 120,855 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 118,615 | 120,855 |
HANA Alternative Estate Professional Private122 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 39,840 | ₩ 39,411 |
Proportion of ownership interest in associate | 74.02% | 75.19% |
Interests in the net assets (A*B) | ₩ 29,489 | ₩ 29,631 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 29,489 | 29,631 |
Hanwha-Incus Plus New Technology Fund No.1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 25,860 | |
Proportion of ownership interest in associate | 42.64% | |
Interests in the net assets (A*B) | ₩ 11,026 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 11,026 |
SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 100,098 | ₩ 111,426 |
Proportion of ownership interest in associate | 45.96% | 45.96% |
Interests in the net assets (A*B) | ₩ 49,899 | ₩ 51,210 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 49,899 | 51,210 |
SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 389,240 | ₩ 395,815 |
Proportion of ownership interest in associate | 72.50% | 72.39% |
Interests in the net assets (A*B) | ₩ 282,199 | ₩ 286,531 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 282,199 | 286,531 |
PSA EMP Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 33,856 | |
Proportion of ownership interest in associate | 28.99% | |
Interests in the net assets (A*B) | ₩ 9,814 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 9,814 |
Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 54,158 | ₩ 56,242 |
Proportion of ownership interest in associate | 52.28% | 52.28% |
Interests in the net assets (A*B) | ₩ 28,312 | ₩ 29,401 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 28,312 | 29,401 |
BRAIN DO PROFESSIONALE PRIVATE No. 27 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 3,351 | ₩ 11,815 |
Proportion of ownership interest in associate | 29.13% | 29.13% |
Interests in the net assets (A*B) | ₩ 976 | ₩ 3,441 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 976 | 3,441 |
UI Venture Fund 7th | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 13,445 | |
Proportion of ownership interest in associate | 24.39% | |
Interests in the net assets (A*B) | ₩ 3,279 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 3,279 |
Sparklabs-Shinhan Opportunity Fund 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 9,372 | ₩ 9,760 |
Proportion of ownership interest in associate | 49.50% | 49.50% |
Interests in the net assets (A*B) | ₩ 4,640 | ₩ 4,832 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 4,640 | 4,832 |
BNW Tech-Innovation Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 19,702 | ₩ 19,906 |
Proportion of ownership interest in associate | 29.85% | 29.85% |
Interests in the net assets (A*B) | ₩ 5,881 | ₩ 5,942 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 5,881 | 5,942 |
IGIS Real-estate Private Investment Trust No.33 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 33,982 | ₩ 34,507 |
Proportion of ownership interest in associate | 40.86% | 40.86% |
Interests in the net assets (A*B) | ₩ 13,884 | ₩ 14,099 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 13,884 | 14,099 |
Findvalue PreIPO 6th Professional Investment Type Private Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 9,505 | |
Proportion of ownership interest in associate | 31.58% | |
Interests in the net assets (A*B) | ₩ 3,002 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 3,002 |
WWG Global Real Estate Investment Trust no.4 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 36,019 | ₩ 60,071 |
Proportion of ownership interest in associate | 29.55% | 29.55% |
Interests in the net assets (A*B) | ₩ 10,644 | ₩ 17,752 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 10,644 | 17,752 |
Fidelis Global Private Real Estate Trust No.2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 25,265 | ₩ 24,899 |
Proportion of ownership interest in associate | 78.26% | 78.26% |
Interests in the net assets (A*B) | ₩ 19,773 | ₩ 19,485 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 19,773 | 19,485 |
IGIS PRIVATE REAL ESTATE TRUST NO.331 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 12,238 | |
Proportion of ownership interest in associate | 30.77% | |
Interests in the net assets (A*B) | ₩ 3,765 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 3,765 |
AIP EURO PRIVATE REAL ESTATE TRUST No. 12 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 171,489 | ₩ 172,755 |
Proportion of ownership interest in associate | 28.70% | 28.70% |
Interests in the net assets (A*B) | ₩ 49,217 | ₩ 48,344 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 49,217 | 48,344 |
Pebblestone CGV Private Real Estate Trust No.1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 28,252 | ₩ 27,502 |
Proportion of ownership interest in associate | 48.53% | 48.53% |
Interests in the net assets (A*B) | ₩ 13,710 | ₩ 13,346 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 13,710 | 13,346 |
Shinhan AIM Real Estate Fund No.2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 77,582 | ₩ 74,880 |
Proportion of ownership interest in associate | 30.00% | 30.00% |
Interests in the net assets (A*B) | ₩ 23,275 | ₩ 22,464 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 23,275 | 22,464 |
Shinhan AIM Real Estate Fund No.1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 210,908 | ₩ 223,443 |
Proportion of ownership interest in associate | 21.01% | 21.01% |
Interests in the net assets (A*B) | ₩ 44,312 | ₩ 46,945 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 44,312 | 46,945 |
SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 149,611 | |
Proportion of ownership interest in associate | 22.02% | |
Interests in the net assets (A*B) | ₩ 32,944 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 32,944 | |
SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 71,605 | |
Proportion of ownership interest in associate | 29.19% | |
Interests in the net assets (A*B) | ₩ 20,902 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 20,902 | |
SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 9,368 | |
Proportion of ownership interest in associate | 71.43% | |
Interests in the net assets (A*B) | ₩ 6,692 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 6,692 | |
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 16,150 | |
Proportion of ownership interest in associate | 30.00% | |
Interests in the net assets (A*B) | ₩ 4,845 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,845 | |
Korea Omega-Shinhan Project Fund I | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 14,488 | ₩ 11,861 |
Proportion of ownership interest in associate | 50.00% | 50.00% |
Interests in the net assets (A*B) | ₩ 7,244 | ₩ 5,931 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,244 | 5,931 |
New Green Shinhan Mezzanine Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 12,537 | |
Proportion of ownership interest in associate | 39.22% | |
Interests in the net assets (A*B) | ₩ 4,916 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 4,916 |
KORAMKO-Daum Professional Private Investment Trust No.12 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 22,583 | |
Proportion of ownership interest in associate | 33.33% | |
Interests in the net assets (A*B) | ₩ 7,528 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 7,528 |
Samsung SRA Real Estate Professional Private 45 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 51,519 | ₩ 42,665 |
Proportion of ownership interest in associate | 25.00% | 25.00% |
Interests in the net assets (A*B) | ₩ 12,880 | ₩ 10,666 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 12,880 | 10,666 |
IBK Global New Renewable Energy Special Asset Professional Private2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 110,012 | ₩ 111,605 |
Proportion of ownership interest in associate | 28.98% | 28.98% |
Interests in the net assets (A*B) | ₩ 31,887 | ₩ 32,349 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 31,887 | 32,349 |
VS Cornerstone Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 8,281 | ₩ 8,413 |
Proportion of ownership interest in associate | 41.18% | 41.18% |
Interests in the net assets (A*B) | ₩ 3,410 | ₩ 3,464 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 3,410 | 3,464 |
Aone Mezzanine Opportunity Professional Private | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 14,447 | ₩ 14,490 |
Proportion of ownership interest in associate | 66.09% | 66.12% |
Interests in the net assets (A*B) | ₩ 9,540 | ₩ 9,580 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 9,540 | 9,580 |
KiwoomUnicorn3New Technology Business Investment Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 20,132 | |
Proportion of ownership interest in associate | 21.28% | |
Interests in the net assets (A*B) | ₩ 4,283 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 4,283 |
Multi Asset The United States Thortons Professional Private1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 165,760 | |
Proportion of ownership interest in associate | 25.00% | |
Interests in the net assets (A*B) | ₩ 41,440 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 41,440 |
Kiwoom Milestone US Real Estate Professional Private20 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 68,434 | |
Proportion of ownership interest in associate | 75.27% | |
Interests in the net assets (A*B) | ₩ 51,512 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 51,512 |
NH-Amundi US Infrastructure Private Fund2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 104,313 | ₩ 98,161 |
Proportion of ownership interest in associate | 25.91% | 25.91% |
Interests in the net assets (A*B) | ₩ 27,024 | ₩ 25,430 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 27,024 | 25,430 |
KB Distribution Private Real Estate1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 49,506 | ₩ 49,513 |
Proportion of ownership interest in associate | 62.00% | 62.00% |
Interests in the net assets (A*B) | ₩ 30,694 | ₩ 30,698 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | ₩ 30,694 | 30,698 |
SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business] | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 71,593 | |
Proportion of ownership interest in associate | 28.93% | |
Interests in the net assets (A*B) | ₩ 20,712 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 20,712 | |
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative] | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 97,164 | |
Proportion of ownership interest in associate | 30.00% | 30.00% |
Interests in the net assets (A*B) | ₩ 29,149 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 29,149 | |
Kakao-Shinhan 1st TNYT Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 29,815 | ₩ 11,683 |
Proportion of ownership interest in associate | 48.62% | 48.62% |
Interests in the net assets (A*B) | ₩ 14,497 | ₩ 5,681 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 14,497 | 5,681 |
IMM Special Situation 1-2 PRIVATE EQUITY FUND | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 57,962 | ₩ 54,295 |
Proportion of ownership interest in associate | 20.00% | 20.02% |
Interests in the net assets (A*B) | ₩ 11,593 | ₩ 10,870 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 11,593 | 10,870 |
Pacific Private Placement Real Estate Fund No.40 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 46,898 | ₩ 47,094 |
Proportion of ownership interest in associate | 24.73% | 24.73% |
Interests in the net assets (A*B) | ₩ 11,598 | ₩ 11,647 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 11,598 | 11,647 |
Mastern Private Real Estate Loan Fund No.2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 22,314 | ₩ 16,955 |
Proportion of ownership interest in associate | 33.57% | 33.57% |
Interests in the net assets (A*B) | ₩ 7,491 | ₩ 5,692 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,491 | 5,692 |
LB Scotland Amazon Fulfillment Center Fund 29 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 44,577 | ₩ 44,455 |
Proportion of ownership interest in associate | 70.14% | 70.14% |
Interests in the net assets (A*B) | ₩ 31,268 | ₩ 31,182 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 31,268 | 31,182 |
JR AMC Hungary Budapest Office Fund 16 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 37,274 | ₩ 37,469 |
Proportion of ownership interest in associate | 32.57% | 32.57% |
Interests in the net assets (A*B) | ₩ 12,140 | ₩ 12,204 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 12,140 | 12,204 |
IGIS 372 Real Estate Professional Private | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 200,192 | |
Proportion of ownership interest in associate | 28.39% | |
Interests in the net assets (A*B) | ₩ 56,835 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 56,835 |
KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 15,636 | |
Proportion of ownership interest in associate | 19.00% | |
Interests in the net assets (A*B) | ₩ 3,830 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 3,830 |
Future-Creation Neoplux Venture Capital Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 18,569 | ₩ 23,134 |
Proportion of ownership interest in associate | 16.25% | 16.25% |
Interests in the net assets (A*B) | ₩ 3,017 | ₩ 3,796 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 3,017 | 3,796 |
Gyeonggi-Neoplux Superman Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 36,195 | ₩ 31,712 |
Proportion of ownership interest in associate | 21.76% | 21.76% |
Interests in the net assets (A*B) | ₩ 7,878 | ₩ 6,399 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,878 | 6,399 |
NewWave 6th Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 48,185 | ₩ 20,501 |
Proportion of ownership interest in associate | 30.00% | 30.00% |
Interests in the net assets (A*B) | ₩ 14,455 | ₩ 6,150 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 14,455 | 6,150 |
Neoplux No.3 Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 226,008 | ₩ 102,956 |
Proportion of ownership interest in associate | 10.00% | 10.00% |
Interests in the net assets (A*B) | ₩ 22,601 | ₩ 10,295 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 22,601 | 10,295 |
PCC Amberstone Private Equity Fund I | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 105,169 | ₩ 103,736 |
Proportion of ownership interest in associate | 21.67% | 21.67% |
Interests in the net assets (A*B) | ₩ 22,790 | ₩ 22,480 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 22,790 | 22,480 |
KIAMCO POWERLOAN TRUST 4TH | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 95,634 | ₩ 92,794 |
Proportion of ownership interest in associate | 47.37% | 47.37% |
Interests in the net assets (A*B) | ₩ 45,301 | ₩ 43,955 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 45,301 | 43,955 |
Mastern Opportunity Seeking Real Estate Fund II | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 106,584 | ₩ 98,994 |
Proportion of ownership interest in associate | 20.00% | 20.00% |
Interests in the net assets (A*B) | ₩ 21,317 | ₩ 19,799 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 21,317 | 19,799 |
AION ELFIS PROFESSIONAL PRIVATE 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 22,112 | ₩ 27,642 |
Proportion of ownership interest in associate | 20.00% | 20.00% |
Interests in the net assets (A*B) | ₩ 4,422 | ₩ 5,528 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 4,422 | 5,528 |
T&F 2020 SS Private Equity Fund Specializing in Start-up and Venture Business | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 14,688 | ₩ 15,001 |
Proportion of ownership interest in associate | 29.68% | 29.68% |
Interests in the net assets (A*B) | ₩ 4,360 | ₩ 4,453 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 4,360 | 4,453 |
Neoplux Market-Frontier Secondary Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 57,319 | ₩ 54,727 |
Proportion of ownership interest in associate | 19.74% | 19.74% |
Interests in the net assets (A*B) | ₩ 11,313 | ₩ 11,545 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 11,313 | 11,545 |
Synergy Green New Deal 1st New Technology Business Investment Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 34,379 | ₩ 35,527 |
Proportion of ownership interest in associate | 28.17% | 28.17% |
Interests in the net assets (A*B) | ₩ 9,684 | ₩ 10,008 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 9,684 | 10,008 |
KAIM Real-estate Private Investment Trust 20 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 13,125 | ₩ 13,254 |
Proportion of ownership interest in associate | 38.46% | 38.46% |
Interests in the net assets (A*B) | ₩ 5,048 | ₩ 5,098 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 5,048 | 5,098 |
KIAMCO Vietnam Solar Special Asset Private Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 15,053 | ₩ 15,896 |
Proportion of ownership interest in associate | 50.00% | 50.00% |
Interests in the net assets (A*B) | ₩ 7,527 | ₩ 7,948 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,527 | 7,948 |
CSQUARE SNIPER PROFESSIONAL PRIVATE 10 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 5,194 | ₩ 5,000 |
Proportion of ownership interest in associate | 62.50% | 62.50% |
Interests in the net assets (A*B) | ₩ 3,247 | ₩ 3,125 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 3,247 | 3,125 |
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 60,681 | ₩ 45,573 |
Proportion of ownership interest in associate | 97.10% | 97.85% |
Interests in the net assets (A*B) | ₩ 63,944 | ₩ 44,594 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 63,944 | 44,594 |
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 60,681 | ₩ 45,573 |
Proportion of ownership interest in associate | 97.10% | 97.85% |
Interests in the net assets (A*B) | ₩ 63,944 | ₩ 44,594 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 63,944 | 44,594 |
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 40,385 | ₩ 48,475 |
Proportion of ownership interest in associate | 25.00% | 25.00% |
Interests in the net assets (A*B) | ₩ 14,778 | ₩ 15,855 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 14,778 | 15,855 |
IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 50,394 | |
Proportion of ownership interest in associate | 58.82% | |
Interests in the net assets (A*B) | ₩ 29,644 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 0 | 29,644 |
SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 90,810 | ₩ 70,473 |
Proportion of ownership interest in associate | 30.00% | 30.00% |
Interests in the net assets (A*B) | ₩ 27,243 | ₩ 21,142 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 27,243 | 21,142 |
Kiwoom Private Equity Ant-Man Startup Venture Specialized Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 30,375 | ₩ 20,134 |
Proportion of ownership interest in associate | 25.00% | 25.00% |
Interests in the net assets (A*B) | ₩ 7,594 | ₩ 5,034 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 7,594 | 5,034 |
Kiwoom Hero No.4 Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 20,449 | ₩ 22,358 |
Proportion of ownership interest in associate | 21.05% | 21.05% |
Interests in the net assets (A*B) | ₩ 4,305 | ₩ 4,707 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 4,305 | 4,707 |
Vogo Canister Professional Trust Private Fund I | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 112,433 | ₩ 119,892 |
Proportion of ownership interest in associate | 36.53% | 36.68% |
Interests in the net assets (A*B) | ₩ 41,072 | ₩ 43,975 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 0 | 0 |
Investments in associates | 41,072 | 43,975 |
Others | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | 666,941 | 519,091 |
Interests in the net assets (A*B) | 367,840 | 139,164 |
Intra-group transactions | 0 | 0 |
Other reconciliations | 1,492 | 0 |
Investments in associates | 369,332 | ₩ 139,164 |
Goduck Gangil10 PFV Co., Ltd | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (8,362) | |
Proportion of ownership interest in associate | 19.90% | 19.90% |
Interests in the net assets (A*B) | ₩ (1,664) | |
Intra-group transactions | 0 | |
Other reconciliations | 1,664 | |
Investments in associates | 0 | |
Shinhan Healthcare Fund 2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (103) | |
Proportion of ownership interest in associate | 13.68% | 13.68% |
Interests in the net assets (A*B) | ₩ (14) | |
Intra-group transactions | 0 | |
Other reconciliations | 14 | |
Investments in associates | 0 | |
SH Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 149,627 | |
Proportion of ownership interest in associate | 22.02% | |
Interests in the net assets (A*B) | ₩ 32,948 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 32,948 | |
SH Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 70,401 | |
Proportion of ownership interest in associate | 29.19% | |
Interests in the net assets (A*B) | ₩ 20,550 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 20,550 | |
SH Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 26,396 | |
Proportion of ownership interest in associate | 71.43% | |
Interests in the net assets (A*B) | ₩ 18,855 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 18,855 | |
ST-Bonanja Food tech | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 8,650 | |
Proportion of ownership interest in associate | 38.83% | 38.83% |
Interests in the net assets (A*B) | ₩ 3,359 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,359 | |
SH Japan Photovoltaic Private Special Asset Investment Trust No.2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 43,385 | |
Proportion of ownership interest in associate | 30.00% | |
Interests in the net assets (A*B) | ₩ 13,016 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 13,016 | |
EDNCENTRAL Co.,Ltd | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ (2,487) | |
Proportion of ownership interest in associate | 19.87% | 19.87% |
Interests in the net assets (A*B) | ₩ (494) | |
Intra-group transactions | 0 | |
Other reconciliations | 494 | |
Investments in associates | 0 | |
Harvest Private Equity Fund II | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 15,780 | |
Proportion of ownership interest in associate | 22.06% | 22.06% |
Interests in the net assets (A*B) | ₩ 3,481 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,481 | |
Daishin New Technology Investment Fund 5th | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 18,940 | |
Proportion of ownership interest in associate | 23.44% | 23.44% |
Interests in the net assets (A*B) | ₩ 4,439 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,439 | |
Acurus Hyundai Investment Partners New Technology | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 17,600 | |
Proportion of ownership interest in associate | 26.79% | 26.79% |
Interests in the net assets (A*B) | ₩ 4,714 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,714 | |
KTC-NP Growth Champ 2011-2 Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 71,829 | |
Proportion of ownership interest in associate | 5.56% | 5.56% |
Interests in the net assets (A*B) | ₩ 3,990 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,990 | |
SHINHAN-NEO Core Industrial Technology Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 11,439 | |
Proportion of ownership interest in associate | 49.75% | 49.75% |
Interests in the net assets (A*B) | ₩ 5,691 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 5,691 | |
SIMONE Mezzanine Fund No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 10,395 | |
Proportion of ownership interest in associate | 29.38% | |
Interests in the net assets (A*B) | ₩ 3,054 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,054 | |
Eum Private Equity Fund No.7 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 37,495 | |
Proportion of ownership interest in associate | 21.00% | 21.00% |
Interests in the net assets (A*B) | ₩ 7,873 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 7,873 | ₩ 7,872 |
SW-S Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 22,191 | |
Proportion of ownership interest in associate | 30.30% | |
Interests in the net assets (A*B) | ₩ 6,724 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 6,724 | |
CL Buyout 1st PEF | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 64,359 | |
Proportion of ownership interest in associate | 21.43% | |
Interests in the net assets (A*B) | ₩ 13,791 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 13,791 | |
Timefolio The Venture-V second | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 22,060 | |
Proportion of ownership interest in associate | 20.73% | |
Interests in the net assets (A*B) | ₩ 4,572 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,572 | |
Newlake Growth Capital Partners2 PEF | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 43,187 | |
Proportion of ownership interest in associate | 29.91% | |
Interests in the net assets (A*B) | ₩ 12,921 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 12,921 | |
Shinhan Smilegate Global PEF I | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 23,469 | |
Proportion of ownership interest in associate | 14.21% | |
Interests in the net assets (A*B) | ₩ 3,336 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,336 | |
Fount Professional Investors Private Investment Trust No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 10,399 | |
Proportion of ownership interest in associate | 49.98% | |
Interests in the net assets (A*B) | ₩ 5,197 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 5,197 | |
Genesis Eco No.1 PEF | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 38,365 | |
Proportion of ownership interest in associate | 29.01% | |
Interests in the net assets (A*B) | ₩ 11,130 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 11,130 | |
SHINHAN-NEO Market-Frontier 2nd Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 57,625 | |
Proportion of ownership interest in associate | 42.70% | |
Interests in the net assets (A*B) | ₩ 24,606 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 24,606 | |
NH-Synergy Core Industrial New Technology Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 17,430 | |
Proportion of ownership interest in associate | 36.93% | |
Interests in the net assets (A*B) | ₩ 6,437 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 6,437 | |
J& Moorim Jade Investment Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 22,259 | |
Proportion of ownership interest in associate | 24.89% | |
Interests in the net assets (A*B) | ₩ 5,540 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 5,540 | |
Ulmus SHC innovation investment fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 21,601 | |
Proportion of ownership interest in associate | 24.04% | |
Interests in the net assets (A*B) | ₩ 5,192 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 5,192 | |
Mirae Asset Partners X Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 22,002 | |
Proportion of ownership interest in associate | 35.71% | |
Interests in the net assets (A*B) | ₩ 7,858 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 7,858 | |
T Core Industrial Technology 1st Venture PEF | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 14,413 | |
Proportion of ownership interest in associate | 31.47% | |
Interests in the net assets (A*B) | ₩ 4,535 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,535 | |
Curious Finale Corporate Recovery Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 13,285 | |
Proportion of ownership interest in associate | 27.78% | |
Interests in the net assets (A*B) | ₩ 3,690 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,690 | |
TI First Property Private Investment Trust 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 7,637 | |
Proportion of ownership interest in associate | 40.00% | |
Interests in the net assets (A*B) | ₩ 3,055 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,055 | |
MPLUS Professional Private Real Estate Fund 25 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 7,896 | |
Proportion of ownership interest in associate | 41.67% | |
Interests in the net assets (A*B) | ₩ 3,290 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,290 | |
IBKC Global Contents Investment Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 20,265 | |
Proportion of ownership interest in associate | 24.39% | |
Interests in the net assets (A*B) | ₩ 4,943 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,943 | |
Nautic Smart No.6 Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 10,533 | |
Proportion of ownership interest in associate | 37.74% | |
Interests in the net assets (A*B) | ₩ 3,974 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,974 | |
Premier Luminous Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 25,167 | |
Proportion of ownership interest in associate | 27.78% | |
Interests in the net assets (A*B) | ₩ 6,991 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 6,991 | |
Hanyang-Meritz 1 Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 15,423 | |
Proportion of ownership interest in associate | 22.58% | |
Interests in the net assets (A*B) | ₩ 3,483 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,483 | |
KNT 2ND PRIVATE EQUITY FUND | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 19,124 | |
Proportion of ownership interest in associate | 21.74% | |
Interests in the net assets (A*B) | ₩ 4,157 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,157 | |
Maple Mobility Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 43,023 | |
Proportion of ownership interest in associate | 20.18% | |
Interests in the net assets (A*B) | ₩ 8,683 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 8,683 | |
AVES 1st Corporate Recovery Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 6,215 | |
Proportion of ownership interest in associate | 76.19% | |
Interests in the net assets (A*B) | ₩ 4,736 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,736 | |
JS Shinhan Private Equity Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 130,966 | |
Proportion of ownership interest in associate | 3.85% | |
Interests in the net assets (A*B) | ₩ 5,037 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 5,037 | |
Daishin Newgen New Technology Investment Fund 1st | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 24,048 | |
Proportion of ownership interest in associate | 50.60% | |
Interests in the net assets (A*B) | ₩ 12,169 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 12,169 | |
META ESG Private Equity Fund I | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 21,722 | |
Proportion of ownership interest in associate | 27.40% | |
Interests in the net assets (A*B) | ₩ 5,677 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 5,677 | |
SWFV FUND-1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 23,965 | |
Proportion of ownership interest in associate | 40.25% | |
Interests in the net assets (A*B) | ₩ 9,646 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 9,646 | |
PHAROS DK FUND | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 16,289 | |
Proportion of ownership interest in associate | 24.24% | |
Interests in the net assets (A*B) | ₩ 3,949 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,949 | |
Shinhan VC tomorrow venture fund 1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 22,603 | |
Proportion of ownership interest in associate | 39.62% | |
Interests in the net assets (A*B) | ₩ 9,042 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 9,042 | |
Highland 2021-8 Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 14,998 | |
Proportion of ownership interest in associate | 32.67% | |
Interests in the net assets (A*B) | ₩ 4,899 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,899 | |
Medicii 2021-3 Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 39,202 | |
Proportion of ownership interest in associate | 24.81% | |
Interests in the net assets (A*B) | ₩ 9,728 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 9,728 | |
Tres-Yujin Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 19,989 | |
Proportion of ownership interest in associate | 50.00% | |
Interests in the net assets (A*B) | ₩ 9,995 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 9,995 | |
Shinhan-Time mezzanine blind Fund | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 29,885 | |
Proportion of ownership interest in associate | 50.00% | |
Interests in the net assets (A*B) | ₩ 14,942 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 14,942 | |
Capstone REITs No.26 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 8,790 | |
Proportion of ownership interest in associate | 50.00% | |
Interests in the net assets (A*B) | ₩ 4,395 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,395 | |
JB Incheon-Bucheon REITS No.54 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 12,716 | |
Proportion of ownership interest in associate | 39.31% | |
Interests in the net assets (A*B) | ₩ 4,999 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,999 | |
Hankook Smart Real Asset Investment Trust No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 13,026 | |
Proportion of ownership interest in associate | 33.33% | |
Interests in the net assets (A*B) | ₩ 4,342 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,342 | |
JB Hwaseong-Hadong REITs No.53 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 16,111 | |
Proportion of ownership interest in associate | 31.03% | |
Interests in the net assets (A*B) | ₩ 4,999 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 4,999 | |
KB Oaktree Trust No.3 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 9,475 | |
Proportion of ownership interest in associate | 33.33% | |
Interests in the net assets (A*B) | ₩ 3,159 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,159 | |
Daehan No.36 Office Asset Management Company | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 37,891 | |
Proportion of ownership interest in associate | 48.05% | |
Interests in the net assets (A*B) | ₩ 18,206 | |
Intra-group transactions | 0 | |
Other reconciliations | 3,294 | |
Investments in associates | 21,500 | |
Rhinos Premier Mezzanine Private Investment Fund No.1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 10,759 | |
Proportion of ownership interest in associate | 27.93% | |
Interests in the net assets (A*B) | ₩ 3,005 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 3,005 | |
SH Real Estate Loan Investment Type Private Real Estate Investment Trust No.2 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 66,947 | |
Proportion of ownership interest in associate | 29.73% | |
Interests in the net assets (A*B) | ₩ 19,903 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 19,903 | |
Shinhan JigaeNamsan Road Private Special Asset Investment Trust | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 161,390 | |
Proportion of ownership interest in associate | 24.85% | |
Interests in the net assets (A*B) | ₩ 40,105 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | 40,105 | |
SKS-Yozma Fund No.1 | ||
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items] | ||
Net Assets (A) | ₩ 19,915 | |
Proportion of ownership interest in associate | 29.85% | |
Interests in the net assets (A*B) | ₩ 5,945 | |
Intra-group transactions | 0 | |
Other reconciliations | 0 | |
Investments in associates | ₩ 5,945 |
Investments in associates - Unr
Investments in associates - Unrecognized equity method losses and cumulative unrecognized equity method losses (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Associates | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | ₩ (2,360) | ₩ (268) |
Cumulative unrecognized equity method losses | (2,552) | (290) |
Songrim Partners | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | 0 | 0 |
Cumulative unrecognized equity method losses | (22) | (22) |
Multimedia Tech Co.Ltd | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | (15) | |
Cumulative unrecognized equity method losses | (15) | |
Hyungje art printing | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | (83) | |
Cumulative unrecognized equity method losses | (83) | |
MIEL CO.,LTD | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | (16) | (25) |
Cumulative unrecognized equity method losses | (41) | (25) |
Goduck Gangil1 PFV Co., Ltd | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | (19) | (145) |
Cumulative unrecognized equity method losses | (164) | ₩ (145) |
Goduck Gangil10 PFV Co., Ltd | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | (1,664) | |
Cumulative unrecognized equity method losses | (1,664) | |
Shinhan Global Healthcare Fund 1 | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | (153) | |
Cumulative unrecognized equity method losses | (153) | |
Shinhan Global Healthcare Fund 2 | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | (14) | |
Cumulative unrecognized equity method losses | (14) | |
EDNCENTRAL Co.,Ltd | ||
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items] | ||
Unrecognized equity method losses | (494) | |
Cumulative unrecognized equity method losses | ₩ (494) |
Investment properties - Summary
Investment properties - Summary of investment properties (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Investment properties, net [Line Items] | |||
Investment properties | ₩ 675,391 | ₩ 615,235 | ₩ 488,610 |
Acquisition cost | |||
Investment properties, net [Line Items] | |||
Investment properties | 852,458 | 767,118 | |
Accumulated depreciation | |||
Investment properties, net [Line Items] | |||
Investment properties | ₩ (177,067) | ₩ (151,883) |
Investment properties - Summa_2
Investment properties - Summary of changes in investment properties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Changes in investment property [abstract] | ||||
Beginning balance | ₩ 615,235 | ₩ 488,610 | ||
Acquisitions | 8,292 | 244,100 | ||
Disposals | (2,279) | (92,337) | ||
Depreciation | (21,616) | (20,165) | ₩ (17,565) | |
Amounts transferred from (to) property and equipment | 73,773 | (4,064) | ||
Amounts transferred from (to) assets held for sale | [1] | 2,238 | ||
Amounts transferred from (to) assets held for sale | [1] | (910) | ||
Foreign currency adjustment | (252) | 1 | ||
Ending balance | ₩ 675,391 | ₩ 615,235 | ₩ 488,610 | |
[1] | Comprise land and buildings, etc. |
Investment properties - Summa_3
Investment properties - Summary of income and expenses on investment property (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Rental income from investment property, net of direct operating expense [abstract] | |||
Rental income | ₩ 35,887 | ₩ 23,890 | ₩ 43,777 |
Direct operating expenses for investment properties that generated rental income | ₩ 12,033 | ₩ 11,951 | ₩ 12,107 |
Investment properties - Summa_4
Investment properties - Summary of the fair value of investment property (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
The fair value of investment property [Abstract] | |||
Land and buildings | [1] | ₩ 1,374,389 | ₩ 1,254,149 |
[1] | Fair value of investment properties is estimated based in the recent market transaction conditions with an independent third party and certain significant unobservable inputs. Accordingly, fair value of investment properties is classified as level 3. |
Other assets - Summary of other
Other assets - Summary of other assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Other Assets [Abstract] | ||
Accounts receivable | ₩ 12,754,436 | ₩ 12,511,880 |
Domestic exchange settlement debit | 6,700,373 | 4,055,744 |
Guarantee deposits | 1,077,644 | 1,145,045 |
Accrued income | 2,655,894 | 2,535,847 |
Prepaid expense | 491,950 | 202,218 |
Provisional payments | 295,149 | 183,935 |
Sundry assets | 88,797 | 106,341 |
Separate account assets | 9,501,135 | 9,267,722 |
Advance payments | 207,128 | 203,023 |
Unamortized deferred acquisition cost | 954,949 | 979,942 |
Leased assets | 1,395,334 | 1,016,013 |
Others | 125,815 | 102,913 |
Discounted present value | (30,614) | (33,062) |
Allowances for credit loss of other assets | (244,236) | (82,895) |
Total Other Assets | ₩ 35,973,754 | ₩ 32,194,666 |
Other assets - Summary of chang
Other assets - Summary of changes in unamortized deferred acquisition cost by insurance type (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Acquisition cost incurred | |||
Expensed | ₩ (687,469) | ₩ (802,942) | ₩ (805,508) |
Amortization | (422,189) | (414,898) | (373,800) |
Individual insurance | |||
Changes in deferred acquisition cost by insurance type [Line Items] | |||
Beginning balance | 979,351 | 907,035 | |
Acquisition cost incurred | |||
Cost | 687,299 | 802,599 | |
Expensed | (290,209) | (315,806) | |
Deferral | 397,090 | 486,793 | |
Amortization | (421,887) | (414,477) | |
Ending balance | 954,554 | 979,351 | 907,035 |
Pure endowment | |||
Changes in deferred acquisition cost by insurance type [Line Items] | |||
Beginning balance | 37,504 | 67,856 | |
Acquisition cost incurred | |||
Cost | 12,386 | 11,602 | |
Expensed | (3,680) | (6,450) | |
Deferral | 8,706 | 5,152 | |
Amortization | (23,468) | (35,504) | |
Ending balance | 22,742 | 37,504 | 67,856 |
Death | |||
Changes in deferred acquisition cost by insurance type [Line Items] | |||
Beginning balance | 932,922 | 834,415 | |
Acquisition cost incurred | |||
Cost | 655,210 | 771,973 | |
Expensed | (278,147) | (298,355) | |
Deferral | 377,063 | 473,618 | |
Amortization | (393,942) | (375,111) | |
Ending balance | 916,043 | 932,922 | 834,415 |
Endowment | |||
Changes in deferred acquisition cost by insurance type [Line Items] | |||
Beginning balance | 8,925 | 4,764 | |
Acquisition cost incurred | |||
Cost | 19,703 | 19,024 | |
Expensed | (8,382) | (11,001) | |
Deferral | 11,321 | 8,023 | |
Amortization | (4,477) | (3,862) | |
Ending balance | 15,769 | 8,925 | 4,764 |
Group insurance | |||
Changes in deferred acquisition cost by insurance type [Line Items] | |||
Beginning balance | 979,942 | 907,868 | |
Acquisition cost incurred | |||
Cost | 687,469 | 802,942 | |
Expensed | (290,273) | (315,970) | |
Deferral | 397,196 | 486,972 | |
Amortization | (422,189) | (414,898) | |
Ending balance | 954,949 | 979,942 | 907,868 |
Pure protection | |||
Changes in deferred acquisition cost by insurance type [Line Items] | |||
Beginning balance | 591 | 833 | |
Acquisition cost incurred | |||
Cost | 170 | 343 | |
Expensed | (64) | (164) | |
Deferral | 106 | 179 | |
Amortization | (302) | (421) | |
Ending balance | ₩ 395 | ₩ 591 | ₩ 833 |
Leases - Summary of gross inves
Leases - Summary of gross investment and present value of minimum lease payment of finance lease (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Gross investment and present value of minimum lease payment of finance lease [Line Items] | ||
Gross investment | ₩ 1,725,690 | ₩ 1,917,329 |
Unrealized interest income | 134,773 | 144,674 |
Present value of minimum lease payment | 1,590,917 | 1,772,655 |
Less than 1 year | ||
Gross investment and present value of minimum lease payment of finance lease [Line Items] | ||
Gross investment | 635,826 | 678,790 |
Unrealized interest income | 65,349 | 73,230 |
Present value of minimum lease payment | 570,477 | 605,560 |
1~2 years | ||
Gross investment and present value of minimum lease payment of finance lease [Line Items] | ||
Gross investment | 470,800 | 527,757 |
Unrealized interest income | 39,631 | 43,701 |
Present value of minimum lease payment | 431,169 | 484,056 |
2~3 years | ||
Gross investment and present value of minimum lease payment of finance lease [Line Items] | ||
Gross investment | 308,999 | 391,447 |
Unrealized interest income | 18,738 | 21,169 |
Present value of minimum lease payment | 290,261 | 370,278 |
3~4 years | ||
Gross investment and present value of minimum lease payment of finance lease [Line Items] | ||
Gross investment | 191,257 | 219,040 |
Unrealized interest income | 6,606 | 6,089 |
Present value of minimum lease payment | 184,651 | 212,951 |
4~5 years | ||
Gross investment and present value of minimum lease payment of finance lease [Line Items] | ||
Gross investment | 113,638 | 93,975 |
Unrealized interest income | 4,417 | 432 |
Present value of minimum lease payment | 109,221 | 93,543 |
Later than 5 years | ||
Gross investment and present value of minimum lease payment of finance lease [Line Items] | ||
Gross investment | 5,170 | 6,320 |
Unrealized interest income | 32 | 53 |
Present value of minimum lease payment | ₩ 5,138 | ₩ 6,267 |
Leases - Summary of gross inv_2
Leases - Summary of gross investment and present value of minimum lease payment of finance lease (Parenthetical) (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of maturity analysis of finance lease payments receivable [abstract] | ||
Interest income on finance lease receivables | ₩ 60,475 | ₩ 76,742 |
Leases - Summary of minimum lea
Leases - Summary of minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items] | ||
Minimum lease payment | ₩ 1,725,690 | ₩ 1,917,329 |
Present Value Adjustment | 134,773 | 144,674 |
Present value of minimum lease payment | 1,590,917 | 1,772,655 |
Less than 1 year | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items] | ||
Minimum lease payment | 635,826 | 678,790 |
Present Value Adjustment | 65,349 | 73,230 |
Present value of minimum lease payment | 570,477 | 605,560 |
1~2 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items] | ||
Minimum lease payment | 470,800 | 527,757 |
Present Value Adjustment | 39,631 | 43,701 |
Present value of minimum lease payment | 431,169 | 484,056 |
2~3 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items] | ||
Minimum lease payment | 308,999 | 391,447 |
Present Value Adjustment | 18,738 | 21,169 |
Present value of minimum lease payment | 290,261 | 370,278 |
3~4 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items] | ||
Minimum lease payment | 191,257 | 219,040 |
Present Value Adjustment | 6,606 | 6,089 |
Present value of minimum lease payment | 184,651 | 212,951 |
4~5 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items] | ||
Minimum lease payment | 113,638 | 93,975 |
Present Value Adjustment | 4,417 | 432 |
Present value of minimum lease payment | 109,221 | 93,543 |
Later than 5 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items] | ||
Minimum lease payment | 5,170 | 6,320 |
Present Value Adjustment | 32 | 53 |
Present value of minimum lease payment | ₩ 5,138 | ₩ 6,267 |
Leases - Summary of minimum l_2
Leases - Summary of minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items] | ||
Minimum lease payment | ₩ 1,239,000 | ₩ 965,261 |
Less than 1 year | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items] | ||
Minimum lease payment | 371,521 | 276,590 |
1~2 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items] | ||
Minimum lease payment | 320,603 | 233,443 |
2~3 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items] | ||
Minimum lease payment | 251,720 | 182,261 |
3~4 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items] | ||
Minimum lease payment | 147,134 | 124,556 |
4~5 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items] | ||
Minimum lease payment | 53,879 | 52,997 |
Later than 5 years | ||
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items] | ||
Minimum lease payment | ₩ 94,143 | ₩ 95,414 |
Leases - Summary of the changes
Leases - Summary of the changes in operating lease assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Disclosure of Detailed Information About Changes in Operating Lease Assets Explanatory [Line Items] | |||
Beginning balance | ₩ 3,989,697 | ₩ 4,083,328 | |
Disposals | (34,103) | (166,151) | |
Depreciation | (493,335) | [1] | (475,506) |
Ending balance | 4,046,164 | 3,989,697 | |
Property Plant And Equipment By Operating Lease Status | |||
Disclosure of Detailed Information About Changes in Operating Lease Assets Explanatory [Line Items] | |||
Beginning balance | 1,014,300 | 549,741 | |
Acquisitions | 691,192 | 681,607 | |
Disposals | (54,721) | (54,042) | |
Depreciation | (257,033) | (163,006) | |
Ending balance | ₩ 1,393,738 | ₩ 1,014,300 | |
[1] | Included in general administrative expense and other operating income(loss) of the consolidated statements of comprehensive income. |
Leases - Summary of the right-o
Leases - Summary of the right-of-use assets by the lessee's underlying asset type (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | ₩ 608,127 | ₩ 590,417 |
Real estate | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | 574,041 | 556,419 |
Vehicle | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | 21,849 | 20,621 |
Others | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | 12,237 | 13,377 |
Acquisition cost | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | 1,229,169 | 1,016,183 |
Acquisition cost | Real estate | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | 1,153,021 | 953,135 |
Acquisition cost | Vehicle | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | 45,670 | 36,680 |
Acquisition cost | Others | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | 30,478 | 26,368 |
Accumulated depreciation | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | (621,042) | (425,766) |
Accumulated depreciation | Real estate | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | (578,980) | (396,716) |
Accumulated depreciation | Vehicle | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | (23,821) | (16,059) |
Accumulated depreciation | Others | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | ₩ (18,241) | ₩ (12,991) |
Leases - Summary of the chang_2
Leases - Summary of the changes in the right-of-use assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Summary of the changes in the right-of-use assets [Line Items] | |||
Beginning balance | ₩ 3,989,697 | ₩ 4,083,328 | |
Disposals | (34,103) | (166,151) | |
Depreciation | (493,335) | [1] | (475,506) |
Effects of foreign currency movements | 22,789 | (8,553) | |
Business combination (Note 47) | 835 | ||
Ending balance | 4,046,164 | 3,989,697 | |
Right-of-use assets | |||
Summary of the changes in the right-of-use assets [Line Items] | |||
Beginning balance | 590,417 | 1,112,796 | |
Acquisitions | 316,925 | 305,958 | |
Disposals | (26,930) | (24,173) | |
Depreciation | (289,585) | (286,028) | |
Substitution | (513,437) | ||
Effects of foreign currency movements | 17,300 | (5,380) | |
Business combination (Note 47) | 681 | ||
Ending balance | 608,127 | 590,417 | |
Real estate | Right-of-use assets | |||
Summary of the changes in the right-of-use assets [Line Items] | |||
Beginning balance | 556,419 | 1,077,803 | |
Acquisitions | 295,228 | 286,981 | |
Disposals | (22,829) | (21,763) | |
Depreciation | (271,895) | (268,376) | |
Substitution | (513,437) | ||
Effects of foreign currency movements | 17,118 | (5,375) | |
Business combination (Note 47) | 586 | ||
Ending balance | 574,041 | 556,419 | |
Vehicle | Right-of-use assets | |||
Summary of the changes in the right-of-use assets [Line Items] | |||
Beginning balance | 20,621 | 21,994 | |
Acquisitions | 17,524 | 12,556 | |
Disposals | (4,070) | (2,394) | |
Depreciation | (12,408) | (11,625) | |
Substitution | 0 | ||
Effects of foreign currency movements | 182 | (5) | |
Business combination (Note 47) | 95 | ||
Ending balance | 21,849 | 20,621 | |
Others | Right-of-use assets | |||
Summary of the changes in the right-of-use assets [Line Items] | |||
Beginning balance | 13,377 | 12,999 | |
Acquisitions | 4,173 | 6,421 | |
Disposals | (31) | (16) | |
Depreciation | (5,282) | (6,027) | |
Substitution | 0 | ||
Effects of foreign currency movements | 0 | 0 | |
Business combination (Note 47) | 0 | ||
Ending balance | ₩ 12,237 | ₩ 13,377 | |
[1] | Included in general administrative expense and other operating income(loss) of the consolidated statements of comprehensive income. |
Leases - Summary of the maturit
Leases - Summary of the maturity of the lease liability (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | ₩ 612,690 | ₩ 594,161 |
Real estate | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 573,498 | 556,124 |
Vehicle | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 26,496 | 24,131 |
Others | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 12,696 | 13,906 |
Less than 1 month | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 27,851 | 26,484 |
Less than 1 month | Real estate | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 22,890 | 22,560 |
Less than 1 month | Vehicle | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 4,496 | 3,404 |
Less than 1 month | Others | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 465 | 520 |
1~3 months | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 36,535 | 39,392 |
1~3 months | Real estate | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 33,950 | 36,746 |
1~3 months | Vehicle | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 1,935 | 1,840 |
1~3 months | Others | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 650 | 806 |
3~6 months | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 50,192 | 53,439 |
3~6 months | Real estate | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 46,532 | 49,746 |
3~6 months | Vehicle | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 2,536 | 2,490 |
3~6 months | Others | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 1,124 | 1,203 |
6 months ~ 1 year | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 89,390 | 96,853 |
6 months ~ 1 year | Real estate | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 82,467 | 90,057 |
6 months ~ 1 year | Vehicle | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 4,718 | 4,765 |
6 months ~ 1 year | Others | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 2,205 | 2,031 |
1~5 years | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 286,823 | 308,909 |
1~5 years | Real estate | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 266,299 | 287,932 |
1~5 years | Vehicle | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 12,298 | 11,632 |
1~5 years | Others | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 8,226 | 9,345 |
More than 5 years | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 121,899 | 69,084 |
More than 5 years | Real estate | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 121,360 | 69,083 |
More than 5 years | Vehicle | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | 513 | 0 |
More than 5 years | Others | ||
Disclosure of maturity analysis of lease liability [Line Items] | ||
Lease liabilities | ₩ 26 | ₩ 1 |
Leases - Summary of the lease p
Leases - Summary of the lease payments for low-value assets and short-term leases (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Lease liabilities [abstract] | |||
Low-value assets | ₩ 5,885 | ₩ 6,181 | |
Short-term lease | [1] | 766 | 836 |
Total | ₩ 6,651 | ₩ 7,017 | |
[1] | The payments for leases with terms less than 1 month are included. |
Pledged assets - Summary of ass
Pledged assets - Summary of assets pledged as collateral (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 717,841 | ₩ 1,087,349 |
Securities | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | 34,473,552 | 33,903,173 |
Securities | Financial assets at amortised cost | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 16,284,795 | ₩ 14,516,567 |
Reasons for collateral | Borrowings, Settlement security for Bank of Korea, Customer RP, etc | Borrowings, Settlement security for Bank of Korea, Customer RP, etc |
Securities | Financial assets at fair value through profit or loss | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 14,944,525 | ₩ 15,328,573 |
Reasons for collateral | Customer RP, etc | Customer RP, etc |
Securities | Financial assets at fair value through other comprehensive income | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 3,244,232 | ₩ 4,058,033 |
Reasons for collateral | Borrowings, Settlement security for Bank of Korea, Borrowing securities, etc | Borrowings, Settlement security for Bank of Korea, Borrowing securities, etc |
Deposits | Financial assets at amortised cost | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 958,206 | ₩ 784,626 |
Reasons for collateral | Borrowings, etc | Borrowings, etc |
Property and Equipment (real estate) | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 300,352 | ₩ 301,098 |
Reasons for collateral | Establishing the right to collateral security, etc | Establishing the right to collateral security, etc |
Other financial assets | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 0 | ₩ 355 |
Reasons for collateral | Performance guarantee, etc | Performance guarantee, etc |
Assets pledged as collateral | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 35,732,110 | ₩ 34,989,252 |
Pledged assets - Summary of a_2
Pledged assets - Summary of assets pledged as collateral (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 717,841 | ₩ 1,087,349 |
Pledged Assets Right to Sell or Pledge | ||
Assets pledged as collateral [Line Items] | ||
Assets pledged as collateral | ₩ 11,017,362 | ₩ 11,190,218 |
Pledged assets - The fair value
Pledged assets - The fair value of collateral held that the Group has the right to sell or repledge regardless of pledger's default (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Fair value of collateral held that the Group has the right to sell or repledge regardless of pledger's default [Abstract] | ||
Assets received as collateral | ₩ 2,163,744 | ₩ 2,871,910 |
The fair value of collateral sold or re-provided as collateral | ₩ 0 | ₩ 0 |
Deposits - Summary of deposits
Deposits - Summary of deposits (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Deposits [Line Items] | ||
Deposits | ₩ 364,896,675 | ₩ 326,416,868 |
Demand Deposits | ||
Deposits [Line Items] | ||
Deposits | 172,107,724 | 148,725,197 |
Time Deposits | ||
Deposits [Line Items] | ||
Deposits | 161,498,901 | 157,833,891 |
Certificates of deposits | ||
Deposits [Line Items] | ||
Deposits | 16,576,536 | 5,946,704 |
Discount note deposits | ||
Deposits [Line Items] | ||
Deposits | 5,818,001 | 6,226,937 |
CMA | ||
Deposits [Line Items] | ||
Deposits | 5,246,478 | 4,006,319 |
Other | ||
Deposits [Line Items] | ||
Deposits | 3,649,035 | 3,677,820 |
Domestic currency [Member] | Demand Deposits | ||
Deposits [Line Items] | ||
Deposits | 151,787,483 | 132,444,929 |
Domestic currency [Member] | Time Deposits | ||
Deposits [Line Items] | ||
Deposits | 140,651,250 | 137,719,464 |
Foreign currency [Member] | Demand Deposits | ||
Deposits [Line Items] | ||
Deposits | 20,320,241 | 16,280,268 |
Foreign currency [Member] | Time Deposits | ||
Deposits [Line Items] | ||
Deposits | ₩ 20,847,651 | ₩ 20,114,427 |
Financial liabilities at fair_3
Financial liabilities at fair value through profit or loss - Summary of financial liabilities at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial liabilities at fair value through profit or loss [Line Items] | ||
Financial liabilities at fair value through profit or loss | ₩ 1,369,225 | ₩ 1,436,694 |
Securities sold | ||
Financial liabilities at fair value through profit or loss [Line Items] | ||
Financial liabilities at fair value through profit or loss | 787,767 | 897,129 |
Stocks | ||
Financial liabilities at fair value through profit or loss [Line Items] | ||
Financial liabilities at fair value through profit or loss | 275,451 | 387,857 |
Bonds | ||
Financial liabilities at fair value through profit or loss [Line Items] | ||
Financial liabilities at fair value through profit or loss | 505,202 | 503,920 |
Other | ||
Financial liabilities at fair value through profit or loss [Line Items] | ||
Financial liabilities at fair value through profit or loss | 7,114 | 5,352 |
Gold and silver deposits | ||
Financial liabilities at fair value through profit or loss [Line Items] | ||
Financial liabilities at fair value through profit or loss | ₩ 581,458 | ₩ 539,565 |
Financial liabilities designa_3
Financial liabilities designated at fair value through profit or loss - Summary of financial liabilities at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial liabilities designated at fair value through profit or loss [Line Items] | ||
Financial liabilities designated at fair value through profit or loss | ₩ 8,023,870 | ₩ 8,455,724 |
Financial liabilities designated at fair value through profit or loss | ||
Financial liabilities designated at fair value through profit or loss [Line Items] | ||
Financial liabilities designated at fair value through profit or loss | 8,023,870 | 8,455,724 |
Equity-linked securities sold | ||
Financial liabilities designated at fair value through profit or loss [Line Items] | ||
Financial liabilities designated at fair value through profit or loss | 5,795,071 | 6,556,288 |
Securities sold with embedded derivatives | ||
Financial liabilities designated at fair value through profit or loss [Line Items] | ||
Financial liabilities designated at fair value through profit or loss | ₩ 2,228,799 | ₩ 1,899,436 |
Financial liabilities designa_4
Financial liabilities designated at fair value through profit or loss - Summary of Contractual Liability (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of Financial assets designated as measured at fair value through profit or loss [Line Items] | ||
Expiration payment | ₩ 7,325,678 | ₩ 7,568,498 |
Carrying value | 8,023,870 | 8,455,724 |
Difference from carrying value | ₩ (698,192) | ₩ (887,226) |
Financial liabilities designa_5
Financial liabilities designated at fair value through profit or loss - Additional Information (Details) - Financial liabilities at fair value through profit or loss, category [member] ₩ in Millions | 12 Months Ended |
Dec. 31, 2021KRW (₩) | |
Financial liabilities designated at fair value through profit or loss [Line Items] | |
Maximum credit risk exposure of the financial liabilities designated at fair value through profit or loss | ₩ 8,023,870 |
Increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability | 1,526 |
Accumulated increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability | ₩ 2,506 |
Borrowings - Summary of borrowi
Borrowings - Summary of borrowings amount and interest rate (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Borrowings [Line Items] | ||
Borrowings | ₩ 43,167,065 | ₩ 41,594,064 |
Denominated in Korean won | ||
Borrowings [Line Items] | ||
Borrowings, gross | ₩ 23,690,674 | ₩ 21,726,382 |
Borrowings from Bank of Korea | ||
Borrowings [Line Items] | ||
Maximum Interest rate | 0.25% | 0.25% |
Borrowings, gross | ₩ 5,278,331 | ₩ 5,351,110 |
Others | ||
Borrowings [Line Items] | ||
Maximum Interest rate | 3.93% | 6.20% |
Minimum Interest rate | 0.00% | 0.00% |
Borrowings, gross | ₩ 18,412,343 | ₩ 16,375,272 |
Denominated in foreign currency | ||
Borrowings [Line Items] | ||
Borrowings, gross | ₩ 7,225,597 | ₩ 7,032,901 |
Overdraft due from banks | ||
Borrowings [Line Items] | ||
Maximum Interest rate | 0.30% | 0.00% |
Minimum Interest rate | 0.00% | 0.00% |
Borrowings, gross | ₩ 42,434 | ₩ 71,309 |
Borrowings from banks | ||
Borrowings [Line Items] | ||
Maximum Interest rate | 12.29% | 8.00% |
Minimum Interest rate | (0.49%) | 0.00% |
Borrowings, gross | ₩ 5,292,872 | ₩ 5,423,571 |
Others | ||
Borrowings [Line Items] | ||
Maximum Interest rate | 11.25% | 12.45% |
Minimum Interest rate | 0.00% | 0.00% |
Borrowings, gross | ₩ 1,890,291 | ₩ 1,538,021 |
Call money | ||
Borrowings [Line Items] | ||
Maximum Interest rate | 1.52% | 0.55% |
Minimum Interest rate | (0.30%) | 0.35% |
Borrowings, gross | ₩ 1,534,611 | ₩ 1,760,042 |
Bills of sale | ||
Borrowings [Line Items] | ||
Maximum Interest rate | 1.47% | 1.10% |
Minimum Interest rate | 0.00% | 0.00% |
Borrowings, gross | ₩ 9,032 | ₩ 10,706 |
Bonds sold under repurchase agreements | ||
Borrowings [Line Items] | ||
Maximum Interest rate | 6.25% | 5.15% |
Minimum Interest rate | 0.00% | 0.00% |
Borrowings, gross | ₩ 10,709,115 | ₩ 11,065,584 |
Deferred origination costs | ||
Borrowings [Line Items] | ||
Deferred origination costs | ₩ (1,964) | ₩ (1,551) |
Debt securities issued - Summar
Debt securities issued - Summary of debt securities issued (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Debt securities issued [Line Items] | ||
Debt securities issued, gross | ₩ 80,149,363 | ₩ 75,134,394 |
In Korean won | ||
Debt securities issued [Line Items] | ||
Debt securities issued, gross | 69,288,982 | 64,083,920 |
In foreign currency | ||
Debt securities issued [Line Items] | ||
Debt securities issued, gross | ₩ 10,860,381 | ₩ 11,050,474 |
Debt securities issued | In Korean won | ||
Debt securities issued [Line Items] | ||
Maximum interest rate | 8.00% | 8.00% |
Minimum interest rate | 0.79% | 0.67% |
Debt securities issued, gross | ₩ 64,419,771 | ₩ 59,816,756 |
Debt securities issued | In foreign currency | ||
Debt securities issued [Line Items] | ||
Maximum interest rate | 7.59% | 7.59% |
Minimum interest rate | 0.25% | 0.25% |
Debt securities issued, gross | ₩ 7,462,087 | ₩ 7,182,619 |
Subordinated debt securities issued | In Korean won | ||
Debt securities issued [Line Items] | ||
Maximum interest rate | 4.60% | 4.60% |
Minimum interest rate | 2.20% | 2.20% |
Debt securities issued, gross | ₩ 5,030,125 | ₩ 4,370,125 |
Subordinated debt securities issued | In foreign currency | ||
Debt securities issued [Line Items] | ||
Maximum interest rate | 5.10% | 5.10% |
Minimum interest rate | 3.34% | 3.34% |
Debt securities issued, gross | ₩ 3,307,306 | ₩ 3,598,624 |
Gain (loss) on fair value hedges | In Korean won | ||
Debt securities issued [Line Items] | ||
Gain(Loss) on fair value hedges | (122,069) | (63,652) |
Gain (loss) on fair value hedges | In foreign currency | ||
Debt securities issued [Line Items] | ||
Gain(Loss) on fair value hedges | 130,392 | 309,880 |
Discount on debt securities issued | In Korean won | ||
Debt securities issued [Line Items] | ||
Discount on debt securities issued | (38,845) | (39,309) |
Discount on debt securities issued | In foreign currency | ||
Debt securities issued [Line Items] | ||
Discount on debt securities issued | ₩ (39,404) | ₩ (40,649) |
Defined benefit plans - Summary
Defined benefit plans - Summary of defined benefit obligations and plan assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Disclosure of defined benefit plans [abstract] | |||||
Present value of defined benefit obligations | ₩ 2,205,869 | ₩ 2,182,464 | |||
Fair value of plan assets | (2,296,685) | (2,138,324) | |||
Recognized liability (asset) for defined benefit obligations | ₩ (90,816) | [1] | ₩ 44,140 | [1] | ₩ 119,458 |
[1] | The liability for defined benefit obligation of W44,140 million as of December 31, 2020 is the net defined benefit liabilities of W62,514 million less the net defined assets of W18,374 million. In addition, the asset for defined benefit obligation of W90,816 million as of December 31, 2021 is the net defined benefit assets of W142,020 million less the net defined liabilities of W51,204 million. |
Defined benefit plans - Summa_2
Defined benefit plans - Summary of defined benefit obligations and plan assets (Details) (Parenthetical) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of defined benefit plans [abstract] | ||
Surplus (deficit) in plan | ₩ 90,816 | ₩ 44,140 |
Net defined benefit liability | 51,204 | 62,514 |
Net defined benefit asset | ₩ 142,020 | ₩ 18,374 |
Defined benefit plans - Summa_3
Defined benefit plans - Summary of changes in the present value of defined benefit obligation and plan assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | |||
Changes in the present value of defined benefit obligation and plan assets [Line Items] | ||||
Beginning balance | ₩ 44,140 | [1] | ₩ 119,458 | |
Included in profit or loss: | ||||
Current service cost | 179,751 | 179,390 | ||
Past service cost | 2,570 | 9,069 | ||
Interest expense (income) | (30) | 2,208 | ||
Settlement income (expense) | (4,844) | (306) | ||
Subtotal | 177,447 | 190,361 | ||
Included in other comprehensive income: | ||||
Demographic assumptions | (1,642) | 18 | ||
Financial assumptions | (84,985) | (44,424) | ||
Experience adjustment | (5,450) | 2,957 | ||
Return on plan assets excluding interest income | 32,720 | 20,027 | ||
Subtotal | (59,357) | (21,422) | ||
Other: | ||||
Benefits paid by the plan | (7,146) | (6,047) | ||
Succession through related party transactions | 5,135 | |||
Contributions paid into the plan | (249,109) | (239,838) | ||
Settlement gain or loss | (2,222) | 1,358 | ||
Business combination (Note 47) | 848 | |||
Effect of changes in foreign exchange rates | 296 | (578) | ||
Subtotal | (253,046) | (244,257) | ||
Ending balance | [1] | (90,816) | 44,140 | |
Defined benefit obligation | ||||
Changes in the present value of defined benefit obligation and plan assets [Line Items] | ||||
Beginning balance | 2,182,464 | 2,063,102 | ||
Included in profit or loss: | ||||
Current service cost | 179,751 | 179,390 | ||
Past service cost | 2,570 | 9,069 | ||
Interest expense (income) | 64,729 | 57,674 | ||
Settlement income (expense) | (4,844) | (306) | ||
Subtotal | 242,206 | 245,827 | ||
Included in other comprehensive income: | ||||
Demographic assumptions | (1,642) | 18 | ||
Financial assumptions | (87,406) | (44,424) | ||
Experience adjustment | (5,450) | 2,957 | ||
Return on plan assets excluding interest income | 0 | |||
Subtotal | (94,498) | (41,449) | ||
Other: | ||||
Benefits paid by the plan | (127,493) | (83,614) | ||
Succession through related party transactions | 5,135 | |||
Contributions paid into the plan | (10) | (268) | ||
Settlement gain or loss | (2,231) | (2,695) | ||
Business combination (Note 47) | 2,139 | |||
Effect of changes in foreign exchange rates | 296 | (578) | ||
Subtotal | (124,303) | (85,016) | ||
Ending balance | 2,205,869 | 2,182,464 | ||
Plan assets | ||||
Changes in the present value of defined benefit obligation and plan assets [Line Items] | ||||
Beginning balance | (2,138,324) | (1,943,644) | ||
Included in profit or loss: | ||||
Current service cost | 0 | |||
Past service cost | 0 | |||
Interest expense (income) | (64,759) | (55,466) | ||
Settlement income (expense) | 0 | |||
Subtotal | (64,759) | (55,466) | ||
Included in other comprehensive income: | ||||
Demographic assumptions | 0 | |||
Financial assumptions | 2,421 | |||
Experience adjustment | 0 | |||
Return on plan assets excluding interest income | 32,720 | 20,027 | ||
Subtotal | 35,141 | 20,027 | ||
Other: | ||||
Benefits paid by the plan | 120,347 | 77,567 | ||
Succession through related party transactions | 0 | |||
Contributions paid into the plan | (249,099) | (239,570) | ||
Settlement gain or loss | 9 | 4,053 | ||
Business combination (Note 47) | (1,291) | |||
Effect of changes in foreign exchange rates | 0 | |||
Subtotal | (128,743) | (159,241) | ||
Ending balance | ₩ (2,296,685) | ₩ (2,138,324) | ||
[1] | The liability for defined benefit obligation of W44,140 million as of December 31, 2020 is the net defined benefit liabilities of W62,514 million less the net defined assets of W18,374 million. In addition, the asset for defined benefit obligation of W90,816 million as of December 31, 2021 is the net defined benefit assets of W142,020 million less the net defined liabilities of W51,204 million. |
Defined benefit plans - Summa_4
Defined benefit plans - Summary of composition of plan assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of fair value of plan assets [abstract] | ||
Equity securities | ₩ 0 | ₩ 74,631 |
Debt securities | 43,607 | 23,713 |
Due from banks | 1,915,361 | 1,900,963 |
Other | 337,717 | 139,017 |
Plan assets | ₩ 2,296,685 | ₩ 2,138,324 |
Defined benefit plans -Summary
Defined benefit plans -Summary of actuarial assumptions (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Bottom of range [member] | ||
Defined Benefit Plan Actuarial Assumptions [Line Items] | ||
Discount rate | 3.19% | 2.68% |
Future salary increase rate | 1.98% | 1.90% |
Weighted Average Maturity | 7.4 years | 7.6 years |
Top of range [member] | ||
Defined Benefit Plan Actuarial Assumptions [Line Items] | ||
Discount rate | 3.77% | 3.30% |
Future salary increase rate | 5.00% | 4.00% |
Weighted Average Maturity | 14.8 years | 15.4 years |
Defined benefit plans -Summar_2
Defined benefit plans -Summary of sensitivity analysis for actuarial assumptions (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Discount rate | ||
Sensitivity analysis for actuarial assumptions [Line Items] | ||
Increase | ₩ (197,174) | ₩ (207,093) |
Decrease | 216,226 | 233,570 |
Future salary increase rate | ||
Sensitivity analysis for actuarial assumptions [Line Items] | ||
Increase | 216,450 | 232,892 |
Decrease | ₩ (200,843) | ₩ (210,305) |
Defined benefit plans -Summar_3
Defined benefit plans -Summary of sensitivity analysis for actuarial assumptions (Details) (Parenthetical) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Defined benefit plan expected future benefit payments Year 2022 | ₩ 182,632 | ||
Actuarial assumption of discount rates [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Percentage of reasonably possible increase in actuarial assumption | 1.00% | 1.00% | |
Actuarial assumption of expected rates of salary increases [member] | |||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Percentage of reasonably possible decrease in actuarial assumption | 1.00% | 1.00% |
Provisions - Summary of provisi
Provisions - Summary of provisions (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Provisions [Line Items] | |||
Provisions | ₩ 1,166,856 | ₩ 804,736 | |
Asset retirement obligations | |||
Provisions [Line Items] | |||
Provisions | 82,123 | 65,659 | ₩ 64,922 |
Litigation | |||
Provisions [Line Items] | |||
Provisions | 9,693 | 12,468 | 8,789 |
Unused credit commitments | |||
Provisions [Line Items] | |||
Provisions | 300,008 | 305,719 | |
Guarantee contracts issued | |||
Provisions [Line Items] | |||
Provisions | 81,922 | 83,851 | |
Financial guarantee contracts | |||
Provisions [Line Items] | |||
Provisions | 55,344 | 61,895 | |
Non-financial guarantee contracts issued | |||
Provisions [Line Items] | |||
Provisions | 26,578 | 21,956 | |
Other | |||
Provisions [Line Items] | |||
Provisions | ₩ 693,110 | ₩ 337,039 | ₩ 119,131 |
Provisions - Summary of provi_2
Provisions - Summary of provisions (Parenthetical) (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of other provisions [line items] | ||
Provisions | ₩ 1,166,856 | ₩ 804,736 |
Maximum | ||
Disclosure of other provisions [line items] | ||
Provisions | ₩ 518,955 | ₩ 211,365 |
Provisions - Summary of changes
Provisions - Summary of changes in provision for unused credit commitments and financial guarantee contracts issued (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in provisions [Line Items] | ||
Beginning balance | ₩ 804,736 | |
Ending balance | 1,166,856 | ₩ 804,736 |
Provision for unused credit commitments and financial guarantee contracts issued | ||
Changes in provisions [Line Items] | ||
Beginning balance | 367,614 | 338,599 |
Transfer (from)to 12 months expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | 0 | 0 |
Transfer (from)to impaired financial asset | 0 | 0 |
Provided | 52,795 | |
Reversed | (9,549) | |
Change in foreign exchange rate | 5,485 | (3,154) |
Others | (8,198) | (20,626) |
Ending balance | 355,352 | 367,614 |
Unused credit commitments provision | 12-month expected credit losses | ||
Changes in provisions [Line Items] | ||
Beginning balance | 164,147 | 132,028 |
Transfer (from)to 12 months expected credit loss | 63,335 | 63,818 |
Transfer (from)to life time expected credit loss | (11,889) | (9,883) |
Transfer (from)to impaired financial asset | (274) | (244) |
Reversed | (66,373) | (20,377) |
Change in foreign exchange rate | 1,964 | (1,195) |
Others | (337) | 0 |
Ending balance | 150,573 | 164,147 |
Unused credit commitments provision | Lifetime expected credit losses | ||
Changes in provisions [Line Items] | ||
Beginning balance | 140,137 | 119,839 |
Transfer (from)to 12 months expected credit loss | (63,249) | (55,295) |
Transfer (from)to life time expected credit loss | 11,917 | 11,365 |
Transfer (from)to impaired financial asset | (939) | (875) |
Provided | 58,188 | 65,455 |
Change in foreign exchange rate | 1,077 | (352) |
Others | 380 | 0 |
Ending balance | 147,511 | 140,137 |
Unused credit commitments provision | Financial instruments credit-impaired | ||
Changes in provisions [Line Items] | ||
Beginning balance | 1,435 | 11,885 |
Transfer (from)to 12 months expected credit loss | (86) | (8,523) |
Transfer (from)to life time expected credit loss | (28) | (1,482) |
Transfer (from)to impaired financial asset | 1,213 | 1,119 |
Reversed | (610) | (1,564) |
Change in foreign exchange rate | 0 | 0 |
Others | 0 | 0 |
Ending balance | 1,924 | 1,435 |
Financial guarantee contracts | ||
Changes in provisions [Line Items] | ||
Beginning balance | 61,895 | |
Ending balance | 55,344 | 61,895 |
Financial guarantee contracts | 12-month expected credit losses | ||
Changes in provisions [Line Items] | ||
Beginning balance | 54,550 | 68,467 |
Transfer (from)to 12 months expected credit loss | 2,931 | 2,059 |
Transfer (from)to life time expected credit loss | (3,621) | (3,951) |
Transfer (from)to impaired financial asset | 0 | 0 |
Provided | 8,258 | |
Reversed | (581) | |
Change in foreign exchange rate | 1,910 | (1,335) |
Others | (6,582) | (18,948) |
Ending balance | 48,607 | 54,550 |
Financial guarantee contracts | Lifetime expected credit losses | ||
Changes in provisions [Line Items] | ||
Beginning balance | 7,335 | 5,569 |
Transfer (from)to 12 months expected credit loss | (2,931) | (2,059) |
Transfer (from)to life time expected credit loss | 3,621 | 3,951 |
Transfer (from)to impaired financial asset | 0 | 0 |
Provided | 1,845 | |
Reversed | (178) | |
Change in foreign exchange rate | 534 | (223) |
Others | (1,672) | (1,748) |
Ending balance | 6,709 | 7,335 |
Financial guarantee contracts | Financial instruments credit-impaired | ||
Changes in provisions [Line Items] | ||
Beginning balance | 10 | 811 |
Transfer (from)to 12 months expected credit loss | 0 | 0 |
Transfer (from)to life time expected credit loss | 0 | 0 |
Transfer (from)to impaired financial asset | 0 | 0 |
Provided | 5 | |
Reversed | (822) | |
Change in foreign exchange rate | 0 | (49) |
Others | 13 | 70 |
Ending balance | 28 | 10 |
Other provisions | ||
Changes in provisions [Line Items] | ||
Beginning balance | 437,122 | 218,425 |
Provided | 364,284 | 264,489 |
Provision used | (46,724) | (49,755) |
Change in foreign exchange rate | (45) | (463) |
Others | 56,867 | 4,231 |
Business combination (Note 47) | 195 | |
Ending balance | 811,504 | 437,122 |
Asset retirement | ||
Changes in provisions [Line Items] | ||
Beginning balance | 65,659 | 64,922 |
Provided | 8,185 | 898 |
Provision used | (3,793) | (2,463) |
Change in foreign exchange rate | 4 | (3) |
Others | 12,068 | 2,305 |
Business combination (Note 47) | 0 | |
Ending balance | 82,123 | 65,659 |
Litigation | ||
Changes in provisions [Line Items] | ||
Beginning balance | 12,468 | 8,789 |
Provided | 2,552 | 4,317 |
Provision used | (5,327) | (638) |
Change in foreign exchange rate | 0 | 0 |
Others | 0 | 0 |
Business combination (Note 47) | 0 | |
Ending balance | 9,693 | 12,468 |
Guarantee | ||
Changes in provisions [Line Items] | ||
Beginning balance | 21,956 | 25,583 |
Provided | 3,457 | |
Reversed | (2,709) | |
Provision used | 0 | 0 |
Change in foreign exchange rate | 1,265 | (1,030) |
Others | (100) | 112 |
Business combination (Note 47) | 0 | |
Ending balance | 26,578 | 21,956 |
Other | ||
Changes in provisions [Line Items] | ||
Beginning balance | 337,039 | 119,131 |
Provided | 350,090 | 261,983 |
Provision used | (37,604) | (46,654) |
Change in foreign exchange rate | (1,314) | 570 |
Others | 44,899 | 1,814 |
Business combination (Note 47) | 195 | |
Ending balance | ₩ 693,110 | ₩ 337,039 |
Provisions - Allowance for guar
Provisions - Allowance for guarantees and acceptances (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Allowance for guarantees and acceptances [Abstract] | ||
Outstanding guarantees and acceptances | ₩ 10,540,968 | ₩ 10,249,827 |
Contingent guarantees and acceptances | 4,670,771 | 3,433,953 |
ABS and ABCP purchase commitments | 1,525,768 | 1,604,958 |
Endorsed bill | 8,199 | 1,650 |
Total Guarantees and acceptances | 16,745,706 | 15,290,388 |
Allowance for loss on guarantees and acceptances | ₩ 81,922 | ₩ 83,851 |
Ratio | 0.49% | 0.55% |
Liability under insurance con_3
Liability under insurance contracts - Summary of insurance liabilities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Liabilities under insurance contracts and reinsurance contracts issued [abstract] | |||
Policy reserve | ₩ 54,330,046 | ₩ 53,391,401 | ₩ 52,086,132 |
Policyholder's equity adjustment | 3,452 | 68,829 | |
Total Insurance liabilities | ₩ 54,333,498 | ₩ 53,460,230 |
Liability under insurance con_4
Liability under insurance contracts - Summary of policy reserve (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Policy reserve [Abstract] | |||
Variable interest rate | ₩ 29,399,446 | ₩ 29,977,303 | |
Fixed interest rate | 24,930,600 | 23,414,098 | |
Policy reserve, total | ₩ 54,330,046 | ₩ 53,391,401 | ₩ 52,086,132 |
Liability under insurance con_5
Liability under insurance contracts - Summary of details policy reserves (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Details of policy reserves [Line Items] | |||
Premium reserve | ₩ 52,053,082 | ₩ 51,232,644 | |
Guarantee reserve | 310,062 | 296,084 | |
Unearned premium reserve | 1,669 | 1,654 | |
Reserve for outstanding claims | 1,843,288 | 1,730,448 | |
Interest rate difference guarantee reserve | 1,871 | 2,087 | |
Mortality gains reserve | 41,069 | 45,543 | |
Interest gains reserve | 23,285 | 23,921 | |
Expense gains reserve | 13,663 | 14,942 | |
Long term duration dividend reserve | 39,469 | 42,524 | |
Reserve for policyholder's profit dividend | 1,635 | 1,080 | |
Reserve for losses on dividend insurance contract | 953 | 474 | |
Policy reserve, total | 54,330,046 | 53,391,401 | ₩ 52,086,132 |
Individual insurance | |||
Details of policy reserves [Line Items] | |||
Premium reserve | 52,037,409 | 51,214,152 | |
Guarantee reserve | 310,062 | 296,084 | |
Unearned premium reserve | 1,661 | 1,641 | |
Reserve for outstanding claims | 1,828,912 | 1,715,064 | |
Interest rate difference guarantee reserve | 1,871 | 2,087 | |
Mortality gains reserve | 41,067 | 45,542 | |
Interest gains reserve | 23,285 | 23,921 | |
Expense gains reserve | 13,663 | 14,942 | |
Long term duration dividend reserve | 39,469 | 42,524 | |
Reserve for policyholder's profit dividend | 1,635 | 1,080 | |
Reserve for losses on dividend insurance contract | 953 | 474 | |
Policy reserve, total | 54,299,987 | 53,357,511 | 52,047,009 |
Pure endowment | |||
Details of policy reserves [Line Items] | |||
Premium reserve | 14,515,676 | 14,597,735 | |
Guarantee reserve | 24,717 | 28,168 | |
Unearned premium reserve | 1 | 1 | |
Reserve for outstanding claims | 266,157 | 240,324 | |
Interest rate difference guarantee reserve | 1,734 | 1,937 | |
Mortality gains reserve | 6,894 | 7,865 | |
Interest gains reserve | 23,031 | 23,651 | |
Expense gains reserve | 6,068 | 6,606 | |
Long term duration dividend reserve | 26,799 | 28,737 | |
Reserve for policyholder's profit dividend | 1,635 | 1,080 | |
Reserve for losses on dividend insurance contract | 953 | 474 | |
Policy reserve, total | 14,873,665 | 14,936,578 | 14,986,916 |
Death | |||
Details of policy reserves [Line Items] | |||
Premium reserve | 28,443,718 | 26,634,537 | |
Guarantee reserve | 284,474 | 267,154 | |
Unearned premium reserve | 1,660 | 1,640 | |
Reserve for outstanding claims | 1,137,858 | 1,111,052 | |
Interest rate difference guarantee reserve | 130 | 141 | |
Mortality gains reserve | 34,085 | 37,553 | |
Interest gains reserve | 242 | 256 | |
Expense gains reserve | 7,595 | 8,336 | |
Long term duration dividend reserve | 12,663 | 13,775 | |
Reserve for policyholder's profit dividend | 0 | 0 | |
Reserve for losses on dividend insurance contract | 0 | 0 | |
Policy reserve, total | 29,922,425 | 28,074,444 | 26,382,609 |
Endowment | |||
Details of policy reserves [Line Items] | |||
Premium reserve | 9,078,015 | 9,981,880 | |
Guarantee reserve | 871 | 762 | |
Unearned premium reserve | 0 | 0 | |
Reserve for outstanding claims | 424,897 | 363,688 | |
Interest rate difference guarantee reserve | 7 | 9 | |
Mortality gains reserve | 88 | 124 | |
Interest gains reserve | 12 | 14 | |
Expense gains reserve | 0 | 0 | |
Long term duration dividend reserve | 7 | 12 | |
Reserve for policyholder's profit dividend | 0 | 0 | |
Reserve for losses on dividend insurance contract | 0 | 0 | |
Policy reserve, total | 9,503,897 | 10,346,489 | 10,677,484 |
Group insurance | |||
Details of policy reserves [Line Items] | |||
Premium reserve | 15,673 | 18,492 | |
Guarantee reserve | 0 | 0 | |
Unearned premium reserve | 8 | 13 | |
Reserve for outstanding claims | 14,376 | 15,384 | |
Interest rate difference guarantee reserve | 0 | 0 | |
Mortality gains reserve | 2 | 1 | |
Interest gains reserve | 0 | 0 | |
Expense gains reserve | 0 | 0 | |
Long term duration dividend reserve | 0 | 0 | |
Reserve for policyholder's profit dividend | 0 | 0 | |
Reserve for losses on dividend insurance contract | 0 | 0 | |
Policy reserve, total | 30,059 | 33,890 | 39,123 |
Pure protection | |||
Details of policy reserves [Line Items] | |||
Premium reserve | 15,609 | 18,430 | |
Guarantee reserve | 0 | 0 | |
Unearned premium reserve | 8 | 13 | |
Reserve for outstanding claims | 14,376 | 15,384 | |
Interest rate difference guarantee reserve | 0 | 0 | |
Mortality gains reserve | 2 | 1 | |
Interest gains reserve | 0 | 0 | |
Expense gains reserve | 0 | 0 | |
Long term duration dividend reserve | 0 | 0 | |
Reserve for policyholder's profit dividend | 0 | 0 | |
Reserve for losses on dividend insurance contract | 0 | 0 | |
Policy reserve, total | 29,995 | 33,828 | 39,063 |
Savings | |||
Details of policy reserves [Line Items] | |||
Premium reserve | 64 | 62 | |
Guarantee reserve | 0 | 0 | |
Unearned premium reserve | 0 | 0 | |
Reserve for outstanding claims | 0 | 0 | |
Interest rate difference guarantee reserve | 0 | 0 | |
Mortality gains reserve | 0 | 0 | |
Interest gains reserve | 0 | 0 | |
Expense gains reserve | 0 | 0 | |
Long term duration dividend reserve | 0 | 0 | |
Reserve for policyholder's profit dividend | 0 | 0 | |
Reserve for losses on dividend insurance contract | 0 | 0 | |
Policy reserve, total | ₩ 64 | ₩ 62 | ₩ 60 |
Liability under insurance con_6
Liability under insurance contracts - Summary of changes in policy reserves (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] | |||
Beginning Balance | ₩ 53,391,401 | ₩ 52,086,132 | |
Reserve | [1] | 938,645 | 1,305,269 |
Ending Balance | 54,330,046 | 53,391,401 | |
Insurance contracts with fixed-interest | |||
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] | |||
Beginning Balance | 23,414,098 | 22,028,112 | |
Reserve | [1] | 1,516,502 | 1,385,986 |
Ending Balance | 24,930,600 | 23,414,098 | |
Insurance contracts with variable-interest | |||
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] | |||
Beginning Balance | 29,977,303 | 30,058,020 | |
Reserve | [1] | (577,857) | (80,717) |
Ending Balance | ₩ 29,399,446 | ₩ 29,977,303 | |
[1] | This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. |
Liability under insurance con_7
Liability under insurance contracts - Summary of changes in policy reserves by insurance risk classification (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Disclosure of reconciliation of changes in insurance contracts by components [line items] | |||
Beginning Balance | ₩ 53,391,401 | ₩ 52,086,132 | |
Reserve (reversal) | [1] | 938,645 | 1,305,269 |
Ending Balance | 54,330,046 | 53,391,401 | |
Individual insurance | |||
Disclosure of reconciliation of changes in insurance contracts by components [line items] | |||
Beginning Balance | 53,357,511 | 52,047,009 | |
Reserve (reversal) | [1] | 942,476 | 1,310,502 |
Ending Balance | 54,299,987 | 53,357,511 | |
Pure endowment | |||
Disclosure of reconciliation of changes in insurance contracts by components [line items] | |||
Beginning Balance | 14,936,578 | 14,986,916 | |
Reserve (reversal) | [1] | (62,913) | (50,338) |
Ending Balance | 14,873,665 | 14,936,578 | |
Death | |||
Disclosure of reconciliation of changes in insurance contracts by components [line items] | |||
Beginning Balance | 28,074,444 | 26,382,609 | |
Reserve (reversal) | [1] | 1,847,981 | 1,691,835 |
Ending Balance | 29,922,425 | 28,074,444 | |
Endowment | |||
Disclosure of reconciliation of changes in insurance contracts by components [line items] | |||
Beginning Balance | 10,346,489 | 10,677,484 | |
Reserve (reversal) | [1] | (842,592) | (330,995) |
Ending Balance | 9,503,897 | 10,346,489 | |
Group insurance | |||
Disclosure of reconciliation of changes in insurance contracts by components [line items] | |||
Beginning Balance | 33,890 | 39,123 | |
Reserve (reversal) | [1] | (3,831) | (5,233) |
Ending Balance | 30,059 | 33,890 | |
Pure protection | |||
Disclosure of reconciliation of changes in insurance contracts by components [line items] | |||
Beginning Balance | 33,828 | 39,063 | |
Reserve (reversal) | [1] | (3,833) | (5,235) |
Ending Balance | 29,995 | 33,828 | |
Savings | |||
Disclosure of reconciliation of changes in insurance contracts by components [line items] | |||
Beginning Balance | 62 | 60 | |
Reserve (reversal) | [1] | 2 | 2 |
Ending Balance | ₩ 64 | ₩ 62 | |
[1] | This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. |
Liability under insurance con_8
Liability under insurance contracts - Summary of reinsurance credit risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Reinsurance credit risk | ||
Reinsurance credit risk [Line Items] | ||
Reinsurance assets | ₩ 47,050 | ₩ 42,280 |
Reinsurance account receivable | 70,087 | 75,056 |
AAA | ||
Reinsurance credit risk [Line Items] | ||
Reinsurance assets | 0 | 10,611 |
Reinsurance account receivable | 0 | 47,690 |
AA- to AA+ | ||
Reinsurance credit risk [Line Items] | ||
Reinsurance assets | 15,310 | 29,294 |
Reinsurance account receivable | 23,472 | 23,348 |
A- to A+ | ||
Reinsurance credit risk [Line Items] | ||
Reinsurance assets | 31,740 | 2,375 |
Reinsurance account receivable | ₩ 46,615 | ₩ 4,018 |
Liability under insurance con_9
Liability under insurance contracts - Summary of income or expenses on insurance (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Insurance income: | ||||
Premium income | ₩ 6,255,872 | ₩ 7,037,308 | ₩ 7,386,854 | |
Reinsurance income | 153,534 | 152,892 | 146,564 | |
Separate account income | 75,117 | 57,553 | 36,007 | |
Insurance Income total | 6,484,523 | 7,247,753 | 7,569,425 | |
Insurance expenses: | ||||
Claims paid | 5,346,364 | 5,564,875 | 5,436,069 | |
Reinsurance premium expenses | 175,282 | 167,215 | 165,979 | |
Provision for policy reserves | [1] | 933,875 | 1,311,252 | 1,724,816 |
Separate account expenses | 75,116 | 57,553 | 36,007 | |
Acquisition costs | 687,469 | 802,942 | 805,508 | |
Collection expenses and discount fee | 16,810 | 19,922 | 19,706 | |
Deferred acquisition costs | (397,196) | (486,972) | (495,534) | |
Amortization of deferred acquisition costs | 422,189 | 414,898 | 373,800 | |
Insurance expenses total | 7,259,909 | 7,851,685 | 8,066,351 | |
Net loss on insurance | ₩ (775,386) | ₩ (603,932) | ₩ (496,926) | |
[1] | Interest expenses on savings insurance contracts are included |
Liability under insurance co_10
Liability under insurance contracts - Summary of maturity of premium reserve (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Maturity of premium reserve [Line Items] | ||
Variable interest rate | ₩ 26,556,714 | ₩ 27,300,938 |
Fixed interest rate | 25,496,368 | 23,931,706 |
Ending balance | 52,053,082 | 51,232,644 |
Less than 1 year | ||
Maturity of premium reserve [Line Items] | ||
Variable interest rate | 906,017 | 929,268 |
Fixed interest rate | 99,289 | 164,890 |
Ending balance | 1,005,306 | 1,094,158 |
1 ~ 3 Years | ||
Maturity of premium reserve [Line Items] | ||
Variable interest rate | 1,492,275 | 1,944,710 |
Fixed interest rate | 471,909 | 418,574 |
Ending balance | 1,964,184 | 2,363,284 |
3 ~ 7 Years | ||
Maturity of premium reserve [Line Items] | ||
Variable interest rate | 1,420,942 | 1,819,554 |
Fixed interest rate | 772,549 | 983,635 |
Ending balance | 2,193,491 | 2,803,189 |
7 ~ 10 Years | ||
Maturity of premium reserve [Line Items] | ||
Variable interest rate | 653,388 | 820,964 |
Fixed interest rate | 687,077 | 594,667 |
Ending balance | 1,340,465 | 1,415,631 |
10 ~ 20 Years | ||
Maturity of premium reserve [Line Items] | ||
Variable interest rate | 2,001,348 | 2,056,906 |
Fixed interest rate | 2,072,122 | 2,090,669 |
Ending balance | 4,073,470 | 4,147,575 |
More than 20 Years | ||
Maturity of premium reserve [Line Items] | ||
Variable interest rate | 20,082,744 | 19,729,536 |
Fixed interest rate | 21,393,422 | 19,679,271 |
Ending balance | ₩ 41,476,166 | ₩ 39,408,807 |
Liability under insurance co_11
Liability under insurance contracts - Summary of result liability adequacy test (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 |
Shinhan Life Insurance Co., Ltd. | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | ₩ 45,388,879 | ₩ 23,366,310 | ₩ 22,666,981 |
LAT base | 33,219,924 | 20,471,725 | 20,391,932 |
Premium surplus (loss) | 12,168,955 | 2,894,585 | 2,275,049 |
Shinhan Life Insurance Co., Ltd. | Variable type | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 109,753 | 165,259 | 81,369 |
LAT base | (1,437,388) | 61,212 | (28,011) |
Premium surplus (loss) | 1,547,141 | 104,047 | 109,380 |
Shinhan Life Insurance Co., Ltd. | Participating | Fixed interest | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 1,371,625 | 598,793 | 595,317 |
LAT base | 2,098,387 | 1,371,496 | 1,367,648 |
Premium surplus (loss) | (726,762) | (772,703) | (772,331) |
Shinhan Life Insurance Co., Ltd. | Participating | Variable interest | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 2,099,040 | 915,382 | 900,378 |
LAT base | 3,024,911 | 1,062,384 | 1,082,341 |
Premium surplus (loss) | (925,871) | (147,002) | (181,963) |
Shinhan Life Insurance Co., Ltd. | Non-Participating | Fixed interest | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 18,749,426 | 7,230,482 | 6,608,221 |
LAT base | 8,155,797 | 4,222,670 | 4,199,666 |
Premium surplus (loss) | 10,593,629 | 3,007,812 | 2,408,555 |
Shinhan Life Insurance Co., Ltd. | Non-Participating | Variable interest | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 23,059,035 | 14,456,394 | 14,481,696 |
LAT base | 21,378,217 | 13,753,963 | 13,770,288 |
Premium surplus (loss) | ₩ 1,680,818 | 702,431 | 711,408 |
Orange Life Insurance Co., Ltd. | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 21,156,900 | 20,115,307 | |
LAT base | 15,792,778 | 15,474,001 | |
Premium surplus (loss) | 5,364,122 | 4,641,306 | |
Orange Life Insurance Co., Ltd. | Participating | Fixed interest | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 745,614 | 716,607 | |
LAT base | 793,719 | 762,204 | |
Premium surplus (loss) | (48,105) | (45,597) | |
Orange Life Insurance Co., Ltd. | Participating | Variable interest | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 1,174,807 | 1,134,245 | |
LAT base | 1,698,984 | 1,651,134 | |
Premium surplus (loss) | (524,177) | (516,889) | |
Orange Life Insurance Co., Ltd. | Non-Participating | Fixed interest | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 10,061,004 | 9,296,542 | |
LAT base | 5,850,160 | 5,795,590 | |
Premium surplus (loss) | 4,210,844 | 3,500,952 | |
Orange Life Insurance Co., Ltd. | Non-Participating | Variable interest | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | 9,190,507 | 9,236,731 | |
LAT base | 8,998,793 | 9,142,918 | |
Premium surplus (loss) | 191,714 | 93,813 | |
Orange Life Insurance Co., Ltd. | Non-Participating | Performance allocation type | |||
The result of liability adequacy test [Line Items] | |||
Provisions for test | (15,032) | (268,818) | |
LAT base | (1,548,878) | (1,877,845) | |
Premium surplus (loss) | ₩ 1,533,846 | ₩ 1,609,027 |
Liability under insurance co_12
Liability under insurance contracts - Liability adequacy test, LA (Details) | Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 |
Bottom of range [member] | |||
Disclosure Of Liability Adequacy Test [Line Items] | |||
Actuarial assumption of discount rates | 3.19% | 2.68% | |
Top of range [member] | |||
Disclosure Of Liability Adequacy Test [Line Items] | |||
Actuarial assumption of discount rates | 3.77% | 3.30% | |
Liability Adequacy Test For Life Insurance [Member] | Bottom of range [member] | Shinhan Life Insurance Co., Ltd. [Member] | |||
Disclosure Of Liability Adequacy Test [Line Items] | |||
Actuarial assumption of discount rates | 3.39% | 3.623% | 2.861% |
Actuarial assumption of mortality rates | 16 | 10.38 | 11.36 |
Acturial Assumption Of Surrender Ratio | 0.00% | 0.53% | 0.76% |
Liability Adequacy Test For Life Insurance [Member] | Bottom of range [member] | Orange Life Insurance Co., Ltd. | |||
Disclosure Of Liability Adequacy Test [Line Items] | |||
Actuarial assumption of discount rates | 3.623% | 2.861% | |
Actuarial assumption of mortality rates | 15 | 20 | |
Acturial Assumption Of Surrender Ratio | 0.00% | 0.00% | |
Liability Adequacy Test For Life Insurance [Member] | Top of range [member] | Shinhan Life Insurance Co., Ltd. [Member] | |||
Disclosure Of Liability Adequacy Test [Line Items] | |||
Actuarial assumption of discount rates | 19.541% | 23.477% | 16.336% |
Actuarial assumption of mortality rates | 751 | 585.90 | 497.99 |
Acturial Assumption Of Surrender Ratio | 84.00% | 29.83% | 33.03% |
Liability Adequacy Test For Life Insurance [Member] | Top of range [member] | Orange Life Insurance Co., Ltd. | |||
Disclosure Of Liability Adequacy Test [Line Items] | |||
Actuarial assumption of discount rates | 23.477% | 16.336% | |
Actuarial assumption of mortality rates | 255 | 255 | |
Acturial Assumption Of Surrender Ratio | 61.00% | 50.00% |
Other liabilities (Details)
Other liabilities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Other liabilities [Abstract] | ||
Lease liabilities | ₩ 612,690 | ₩ 594,161 |
Accounts payable | 14,041,740 | 14,568,962 |
Accrued expenses | 3,273,939 | 3,054,247 |
Dividend payable | 32,275 | 32,508 |
Advance received | 177,121 | 164,885 |
Unearned income | 397,010 | 317,283 |
Withholding value-added tax and other taxes | 673,294 | 692,719 |
Securities deposit received | 1,985,269 | 2,198,722 |
Foreign exchange settlement pending | 221,521 | 259,138 |
Domestic exchange settlement pending | 1,890,408 | 5,745,338 |
Payable from trust account | 5,191,901 | 5,086,459 |
Due to agencies | 887,400 | 790,486 |
Deposits for subscription | 133,550 | 148,506 |
Separate account liabilities | 9,834,895 | 10,120,258 |
Sundry liabilities | 1,563,832 | 1,617,449 |
Others | 126,455 | 185,027 |
Present value discount | (52,464) | (49,935) |
Other liabilities | ₩ 40,990,836 | ₩ 45,526,213 |
Other liabilities parenthetical
Other liabilities parenthetical (Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2021KRW (₩) | |
Other liabilities [Abstract] | |
Variable lease payments that are not included in the measurement of lease liabilities | ₩ 79 |
Cash outflows from leases | 283,470 |
Interest expense on lease liabilities | ₩ 10,873 |
Equity (Details)
Equity (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Capital stock: | ||||
Capital stock | ₩ 2,969,641 | ₩ 2,969,641 | ||
Hybrid bonds | 3,334,531 | 2,179,934 | ||
Capital surplus: | ||||
Share premium | 11,352,819 | 11,352,924 | ||
Others | 742,224 | 882,015 | ||
Capital surplus | 12,095,043 | 12,234,939 | ||
Capital adjustments | (664,429) | (687,935) | ₩ (1,116,770) | |
Accumulated other comprehensive income, net of tax: | ||||
Gain(loss) on financial assets at fair value through other comprehensive income | (614,872) | 226,811 | ||
Gain on financial assets at fair value through profit or loss (overlay approach) | 141,821 | 161,919 | ||
Equity in other comprehensive income of associates | 7,595 | 4,849 | ||
Foreign currency translation adjustments for foreign operations | (125,219) | (377,061) | ||
Net loss from cash flow hedges | (26,471) | (48,171) | ||
Remeasurement of defined benefit obligation | (343,124) | (385,780) | ||
Other comprehensive income(loss) of separate account | (22,850) | 18,423 | ||
Changes in own credit risk on financial liabilities designated under fair value option | (1,816) | (5,171) | ||
Accumulated other comprehensive income, net of tax | (984,936) | (404,181) | ||
Retained earnings | 30,541,300 | 27,777,169 | ||
Non-controlling interests | 2,247,272 | 2,287,291 | ||
Total equity | 49,538,422 | 46,356,858 | ₩ 41,930,381 | ₩ 36,651,430 |
Common stocks | ||||
Capital stock: | ||||
Capital stock | 2,608,176 | 2,608,176 | ||
Preferred stocks | ||||
Capital stock: | ||||
Capital stock | ₩ 361,465 | ₩ 361,465 |
Equity Parenthetical (Details)
Equity Parenthetical (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cost deducted from issued capital | ₩ 13,300 | |
Regulatory reserve for loan losses appropriated from retained earnings | ₩ 15,552 | 11,988 |
Profit dividend within retained earnings | 7,364,759 | |
Decrease in non controlling interest due to acquistion | 0 | (22,019) |
Non-controlling interests [member] | Shinhan Bank Jeju Bank And Shinhan Capital [Member] | ||
Decrease in non controlling interest due to acquistion | 59,709 | 1,330,337 |
Hybrid bonds recognized as non controlling interest | 2,035,762 | 2,035,762 |
Payment of dividend on hybrid bonds | 71,746 | 54,619 |
Article 53 of the Financial Holding Companies Act [member] | ||
Profits reserved by the group | ₩ 2,432,039 | ₩ 2,304,595 |
Equity - Capital stock of the G
Equity - Capital stock of the Group (Details) - ₩ / shares | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2021 | |
Disclosure of classes of share capital [line items] | ||
Number of authorized shares | 1,000,000,000 | |
Par value per share in won | ₩ 5,000 | |
Conversion request period | 2020.05.01~2023.04.30 | |
Common stocks | ||
Disclosure of classes of share capital [line items] | ||
Par value per share in won | ₩ 5,000 | ₩ 5,000 |
Number of shares issued | 516,599,554 | 516,599,554 |
Preferred stocks | ||
Disclosure of classes of share capital [line items] | ||
Par value per share in won | ₩ 5,000 | ₩ 5,000 |
Number of shares issued | 17,482,000 | 17,482,000 |
Equity - The details of changes
Equity - The details of changes in the average number of common shares outstanding (Details) - shares | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in number of shares outstanding [abstract] | ||
Number of shares outstanding at beginning of period | 515,894,758 | 460,317,525 |
Increase of shares outstanding | 700,870 | 60,626,827 |
Decrease of shares outstanding | (2,426) | (5,049,594) |
Number of shares outstanding at end of period | 516,593,202 | 515,894,758 |
Equity - Hybrid bond (Details)
Equity - Hybrid bond (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Hybrid Instruments [Line Items] | ||
Amount | ₩ 3,334,531 | ₩ 2,179,934 |
2nd | ||
Hybrid Instruments [Line Items] | ||
Issue date | Jun. 25, 2015 | Jun. 25, 2015 |
Currency | KRW | KRW |
Maturity date | Jun. 25, 2045 | Jun. 25, 2045 |
Interest rate (%) | 4.38% | 4.38% |
Amount | ₩ 199,455 | ₩ 199,455 |
3rd | ||
Hybrid Instruments [Line Items] | ||
Issue date | Sep. 15, 2017 | Sep. 15, 2017 |
Interest rate (%) | 3.77% | 3.77% |
Amount | ₩ 134,683 | ₩ 134,683 |
4th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Sep. 15, 2017 | Sep. 15, 2017 |
Interest rate (%) | 4.25% | 4.25% |
Amount | ₩ 89,783 | ₩ 89,783 |
5th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Apr. 13, 2018 | Apr. 13, 2018 |
Interest rate (%) | 4.08% | 4.08% |
Amount | ₩ 134,678 | ₩ 134,678 |
6th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Apr. 13, 2018 | Apr. 13, 2018 |
Interest rate (%) | 4.56% | 4.56% |
Amount | ₩ 14,955 | ₩ 14,955 |
7th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Aug. 29, 2018 | Aug. 29, 2018 |
Interest rate (%) | 4.15% | 4.15% |
Amount | ₩ 398,679 | ₩ 398,679 |
8th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Jun. 28, 2019 | Jun. 28, 2019 |
Interest rate (%) | 3.27% | 3.27% |
Amount | ₩ 199,476 | ₩ 199,476 |
9th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Sep. 17, 2020 | Sep. 17, 2020 |
Interest rate (%) | 3.12% | 3.12% |
Amount | ₩ 448,699 | ₩ 448,699 |
10th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Mar. 16, 2021 | Mar. 16, 2021 |
Interest rate (%) | 2.94% | 2.94% |
Amount | ₩ 429,009 | |
11th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Mar. 16, 2021 | Mar. 16, 2021 |
Interest rate (%) | 3.30% | 3.30% |
Amount | ₩ 169,581 | |
12th | ||
Hybrid Instruments [Line Items] | ||
Issue date | Aug. 13, 2018 | Aug. 13, 2018 |
Currency | USD | USD |
Interest rate (%) | 5.88% | 5.88% |
Amount | ₩ 559,526 | ₩ 559,526 |
13th | ||
Hybrid Instruments [Line Items] | ||
Issue date | May 12, 2021 | May 12, 2021 |
Interest rate (%) | 2.88% | 2.88% |
Amount | ₩ 556,007 |
Equity - Hybrid bond Parentheti
Equity - Hybrid bond Parenthetical (Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2021KRW (₩) | |
Hybrid Instruments [Line Items] | |
Deduction for capital related to hybrid bonds issued | ₩ 4,953 |
Equity - Capital adjustments (D
Equity - Capital adjustments (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Capital adjustments [Abstract] | |||
Beginning balance | ₩ (687,935) | ₩ (1,116,770) | |
Acquisition of treasury stock | (79) | (150,467) | ₩ (444,077) |
Disposal and retirement of treasury stocks | 23,589 | 601,809 | |
The acquisition commitment amount for subsidiaries' remaining shares | 0 | (22,019) | |
Other transactions with owners | (4) | (488) | |
Ending balance | ₩ (664,429) | ₩ (687,935) | ₩ (1,116,770) |
Equity - Accumulated other comp
Equity - Accumulated other comprehensive income (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | ₩ (404,181) | ₩ (260,156) |
Change due to fair value | (1,172,302) | 97,138 |
Reclassification: | ||
Change due to impairment or disposal | (114,399) | (85,474) |
Effect of hedge accounting | (209,869) | 144,750 |
Hedging | 175,902 | (124,020) |
Effects from changes in foreign exchange rate | 333,732 | (218,866) |
Remeasurements of the defined benefit plans | 59,441 | 21,422 |
Deferred income taxes | 309,706 | (8,794) |
Transfer to other account | 35,574 | 27,825 |
Non-controlling interests | 1,460 | 1,994 |
Ending balance | (984,936) | (404,181) |
Gain (loss) on securities at fair value through other comprehensive income | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | 146,829 | 233,328 |
Change due to fair value | (1,110,290) | (3,601) |
Reclassification: | ||
Change due to impairment or disposal | (114,399) | (105,274) |
Effect of hedge accounting | 0 | |
Hedging | 10,627 | (4,395) |
Effects from changes in foreign exchange rate | 0 | |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | 334,391 | 26,486 |
Transfer to other account | 0 | |
Non-controlling interests | 2,547 | 285 |
Ending balance | (730,295) | 146,829 |
Gain (loss) on valuation of financial asset measured at FVTPL (overlay approach) | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | 161,919 | 71,621 |
Change due to fair value | (31,924) | 125,298 |
Reclassification: | ||
Change due to impairment or disposal | 0 | |
Effect of hedge accounting | 0 | |
Hedging | 0 | |
Effects from changes in foreign exchange rate | 0 | 74 |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | 11,826 | (35,074) |
Transfer to other account | 0 | |
Non-controlling interests | 0 | |
Ending balance | 141,821 | 161,919 |
Equity in other comprehensive income (loss) associates | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | 4,875 | 8,193 |
Change due to fair value | 6,517 | (1,080) |
Reclassification: | ||
Change due to impairment or disposal | 0 | |
Effect of hedge accounting | 0 | |
Hedging | 0 | |
Effects from changes in foreign exchange rate | 0 | (355) |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | (3,769) | (1,883) |
Transfer to other account | 0 | |
Non-controlling interests | 0 | |
Ending balance | 7,623 | 4,875 |
Foreign currency translation adjustments for foreign operations | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | (377,061) | (217,465) |
Change due to fair value | 0 | |
Reclassification: | ||
Change due to impairment or disposal | 0 | 5,858 |
Effect of hedge accounting | 0 | |
Hedging | (74,525) | 45,083 |
Effects from changes in foreign exchange rate | 333,059 | (219,306) |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | (6,226) | 7,000 |
Transfer to other account | 0 | |
Non-controlling interests | (466) | 1,769 |
Ending balance | (125,219) | (377,061) |
Net gain (loss) from cash flow hedges | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | (48,171) | (33,711) |
Change due to fair value | 0 | |
Reclassification: | ||
Change due to impairment or disposal | 0 | |
Effect of hedge accounting | (209,869) | 144,750 |
Hedging | 239,800 | (164,708) |
Effects from changes in foreign exchange rate | 0 | |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | (8,231) | 5,498 |
Transfer to other account | 0 | |
Non-controlling interests | 0 | |
Ending balance | (26,471) | (48,171) |
Reserve of separate account [Member] | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | 18,423 | 14,539 |
Change due to fair value | (56,484) | 5,358 |
Reclassification: | ||
Change due to impairment or disposal | 0 | |
Effect of hedge accounting | 0 | |
Hedging | 0 | |
Effects from changes in foreign exchange rate | 0 | |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | 15,211 | (1,474) |
Transfer to other account | 0 | |
Non-controlling interests | 0 | |
Ending balance | (22,850) | 18,423 |
Remeasure-ments of the defined benefit plans | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | (385,780) | (401,532) |
Change due to fair value | 0 | |
Reclassification: | ||
Change due to impairment or disposal | 0 | |
Effect of hedge accounting | 0 | |
Hedging | 0 | |
Effects from changes in foreign exchange rate | 0 | |
Remeasurements of the defined benefit plans | 59,441 | 21,422 |
Deferred income taxes | (16,164) | (5,610) |
Transfer to other account | 0 | |
Non-controlling interests | (621) | (60) |
Ending balance | (343,124) | (385,780) |
Equity in other comprehensive income (expense) of associates | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | (26) | (16) |
Change due to fair value | (3) | (15) |
Reclassification: | ||
Change due to impairment or disposal | 0 | |
Effect of hedge accounting | 0 | |
Hedging | 0 | |
Effects from changes in foreign exchange rate | 0 | |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | 1 | 5 |
Transfer to other account | 0 | |
Non-controlling interests | 0 | |
Ending balance | (28) | (26) |
Gain (loss) on securities at fair value through other comprehensive income | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | 79,982 | 73,142 |
Change due to fair value | 21,408 | (19,133) |
Reclassification: | ||
Change due to impairment or disposal | 0 | |
Effect of hedge accounting | 0 | |
Hedging | 0 | |
Effects from changes in foreign exchange rate | 673 | 721 |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | (16,061) | (2,573) |
Transfer to other account | 29,421 | 27,825 |
Non-controlling interests | 0 | |
Ending balance | 115,423 | 79,982 |
Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk | ||
Accumulated other comprehensive income [Line Items] | ||
Beginning balance | (5,171) | (8,255) |
Change due to fair value | (1,526) | (9,689) |
Reclassification: | ||
Change due to impairment or disposal | 0 | 13,942 |
Effect of hedge accounting | 0 | |
Hedging | 0 | |
Effects from changes in foreign exchange rate | 0 | |
Remeasurements of the defined benefit plans | 0 | |
Deferred income taxes | (1,272) | (1,169) |
Transfer to other account | 6,153 | |
Non-controlling interests | 0 | |
Ending balance | ₩ (1,816) | ₩ (5,171) |
Equity - Appropriation of retai
Equity - Appropriation of retained earnings (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Appropriation of retained earnings [Line Items] | |||
Balance at beginning of year | ₩ 27,777,169 | ||
Retirement of treasury stock | ₩ (25) | ||
Dividends to hybrid bonds | (116,388) | (85,327) | ₩ (61,993) |
Interim dividends | (299,082) | ||
Net income | 4,112,628 | 3,498,076 | 3,642,384 |
Unappropriated retained earnings | 6,290,204 | ||
Unappropriated retained earnings to be carried over to subsequent year | 30,541,300 | 27,777,169 | |
Parent Company only | |||
Appropriation of retained earnings [Line Items] | |||
Balance at beginning of year | 5,355,358 | 5,251,413 | |
Retirement of treasury stock | 0 | (150,325) | |
Dividends to hybrid bonds | (116,388) | (85,327) | |
Interim dividends | (299,082) | ||
Net income | 1,413,956 | 1,274,443 | 1,129,173 |
Unappropriated retained earnings | 6,353,844 | ||
Legal reserve | (141,396) | (127,444) | |
Dividends on common stocks paid | (723,230) | (773,839) | |
Dividends on preferred stocks paid | (24,475) | (29,999) | |
Regulatory reserve for loan losses | (2,972) | (3,564) | |
Appropriation of retained earnings | (892,073) | (934,846) | |
Unappropriated retained earnings to be carried over to subsequent year | ₩ 5,461,771 | ₩ 5,355,358 | ₩ 5,251,413 |
Date of appropriation | Mar. 24, 2022 | Mar. 25, 2021 |
Equity - Changes in regulatory
Equity - Changes in regulatory reserve for loan losses (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in regulatory reserve for loan losses [Abstract] | ||
Beginning balance | ₩ 3,329,899 | ₩ 3,161,170 |
Planned regulatory reversal of loan losses | 369,416 | 168,729 |
Ending balance | ₩ 3,699,315 | ₩ 3,329,899 |
Equity - Profit attributable to
Equity - Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses (Details) - KRW (₩) ₩ / shares in Units, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses [Abstract] | ||||
Profit attributable to equity holders of Shinhan Financial Group | ₩ 4,019,254 | ₩ 3,414,595 | ₩ 3,403,497 | |
Provision for regulatory reserve for loan losses | [1] | (364,882) | (177,620) | |
Profit attributable to equity holders of Shinhan Financial Group after adjusted for regulatory reserve | ₩ 3,654,372 | ₩ 3,236,975 | ||
Basic and diluted earnings per share after adjusted for regulatory reserve in won | [2] | ₩ 6,625 | ₩ 6,299 | |
[1] | After the Board of Directors’ approval of financial statements (February 9, 2022), on March 15, 2022, the Board of Directors decided to set an additional reserve for loan losses of W 99,673 million to enhance loss absorbing capacity based on measures to extend COVID-19 financial support. Among the additional adjustments to the reserve for loan losses, the amount deducted from the non-controlling interests is W 95,797 million. | |||
[2] | Dividends for hybrid bonds are deducted |
Equity - Profit attributable _2
Equity - Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses (Parenthetical) (Details) ₩ in Millions | Mar. 15, 2022KRW (₩) |
Acquisition Of Treasury Stock [Line Items] | |
Additional reserve for loan losses | ₩ 99,673 |
Subsequent Event [Member] | |
Acquisition Of Treasury Stock [Line Items] | |
Additional reserve for loan losses | 99,673 |
Increase (decrease) through non-controlling interests | ₩ 95,797 |
Equity - Acquisition of treasur
Equity - Acquisition of treasury stock (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Acquisition Of Treasury Stock [Line Items] | |||
Acquisition | ₩ 79 | ₩ 150,467 | ₩ 444,077 |
Retirement | (25) | ||
Treasury shares | |||
Acquisition Of Treasury Stock [Line Items] | |||
Beginning balance | 28,215 | 600,000 | |
Acquisition | 79 | 150,467 | |
Disposal | (28,067) | (572,252) | |
Retirement | 0 | (150,000) | |
Ending balance | ₩ 227 | ₩ 28,215 | ₩ 600,000 |
Beginning number of share | 704,796 | 13,882,062 | |
Acquisition (share) | 2,426 | 5,049,594 | |
Disposal (share) | 700,870 | 13,191,202 | |
Retirement (share) | 0 | 5,035,658 | |
Ending number of share | 6,352 | 704,796 | 13,882,062 |
Dividends - Disclosure of inter
Dividends - Disclosure of interim dividends paid (Details) - KRW (₩) ₩ in Millions | 3 Months Ended | |
Sep. 30, 2021 | Jun. 30, 2021 | |
Disclosure Of Interim Dividends Paid [Line Items] | ||
Interim Dividends Paid | ₩ 138,859 | ₩ 160,223 |
Dividend Payable Date | Sep. 30, 2021 | Jun. 30, 2021 |
Common Stock [Member] | ||
Disclosure Of Interim Dividends Paid [Line Items] | ||
Interim Dividends Paid | ₩ 134,314 | ₩ 154,978 |
Convertible Preferred Stock [Member] | ||
Disclosure Of Interim Dividends Paid [Line Items] | ||
Interim Dividends Paid | ₩ 4,545 | ₩ 5,245 |
Dividends - Disclosure of int_2
Dividends - Disclosure of interim dividends paid (Parenthetical) (Details) - $ / shares | 3 Months Ended | |
Sep. 30, 2021 | Jun. 30, 2021 | |
Common Stock [Member] | ||
Disclosure Of Interim Dividends Paid [Line Items] | ||
Dividends Payable Amount Per Share | $ 260 | $ 300 |
Convertible Preferred Stock [Member] | ||
Disclosure Of Interim Dividends Paid [Line Items] | ||
Dividends Payable Amount Per Share | $ 260 | $ 300 |
Dividends - Details of dividend
Dividends - Details of dividends recognized as distributions to stockholders (Details) - KRW (₩) ₩ / shares in Units, ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Details of dividends recognized as distributions to stockholders [Line Items] | ||
Par value per share in won | ₩ 5,000 | |
Common stocks | ||
Details of dividends recognized as distributions to stockholders [Line Items] | ||
Total number of shares issued and outstanding | 516,599,554 | 516,599,554 |
Par value per share in won | ₩ 5,000 | ₩ 5,000 |
Dividend per share in won | ₩ 1,400 | ₩ 1,500 |
Dividends | ₩ 723,230 | ₩ 773,839 |
Dividend rate per share (%) | 28.00% | 30.00% |
Preferred stocks | ||
Details of dividends recognized as distributions to stockholders [Line Items] | ||
Total number of shares issued and outstanding | 17,482,000 | 17,482,000 |
Par value per share in won | ₩ 5,000 | ₩ 5,000 |
Dividend per share in won | ₩ 1,400 | ₩ 1,716 |
Dividends | ₩ 24,475 | ₩ 29,999 |
Dividend rate per share (%) | 28.00% | 34.30% |
Dividends - Schedule of dividen
Dividends - Schedule of dividends payable (Details) - KRW (₩) ₩ / shares in Units, ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Schedule Of Dividends Payable [Line Items] | ||
Issue price per share | ₩ 5,000 | |
Preferred Stock Issue [Member] | ||
Schedule Of Dividends Payable [Line Items] | ||
Number of shares | 17,482,000 | |
Dividend per share | ₩ 1,960 | |
Total dividend paid | ₩ 34,265 | |
Issue price per share | ₩ 42,900 | |
Dividend rate per issue price (%) | 4.57% |
Dividends - Dividend for hybrid
Dividends - Dividend for hybrid bond (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Dividend for hybrid bond [Abstract] | |||
Amount of hybrid bond | ₩ 3,347,700 | ₩ 2,188,150 | |
Minimum Interest rate (%) | 2.88% | 3.12% | |
Maximum Interest rate (%) | 5.88% | 5.88% | |
Dividends | ₩ 116,388 | ₩ 85,327 | ₩ 61,993 |
Net interest income - Summary o
Net interest income - Summary of net interest income (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interest income: | |||
Cash and deposits at amortized cost | ₩ 85,846 | ₩ 128,023 | ₩ 210,415 |
Deposits at FVTPL | 1,298 | 13,888 | 31,506 |
Securities at FVTPL | 659,927 | 742,958 | 740,378 |
Securities at FVOCI | 896,027 | 957,817 | 1,077,995 |
Securities at amortized cost | 1,091,974 | 1,076,849 | 1,061,262 |
Loans at amortized cost | 11,889,767 | 11,697,775 | 12,435,302 |
Loans at FVTPL | 35,587 | 73,991 | 56,961 |
Others | 63,804 | 82,695 | 93,543 |
Interest income | 14,724,230 | 14,773,996 | 15,707,362 |
Interest expense: | |||
Deposits | (2,173,804) | (2,842,625) | (3,644,632) |
Borrowings | (330,548) | (426,607) | (551,416) |
Debt securities issued | (1,390,230) | (1,554,544) | (1,666,257) |
Others | (60,323) | (67,520) | (107,093) |
Interest expense | (3,954,905) | (4,891,296) | (5,969,398) |
Net interest income | ₩ 10,769,325 | ₩ 9,882,700 | ₩ 9,737,964 |
Net fees and commission incom_2
Net fees and commission income - Summary of net fees and commission income (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Fees and commission income: | ||||
Credit placement fees | ₩ 71,480 | ₩ 94,836 | ₩ 66,666 | |
Commission received as electronic charge receipt | 148,626 | 143,449 | 151,584 | |
Brokerage fees | 577,238 | 546,236 | 353,382 | |
Commission received as agency | 146,662 | 145,162 | 140,484 | |
Investment banking fees | 188,644 | 161,439 | 151,031 | |
Commission received in foreign exchange activities | 271,808 | 239,467 | 244,325 | |
Trust management fees | 310,376 | 255,043 | 307,167 | |
Credit card fees | 1,175,084 | 1,170,078 | 1,234,239 | |
Operating lease income | [1] | 365,447 | 245,173 | 142,025 |
Others | 884,520 | 813,591 | 766,110 | |
Fees and commission income | 4,139,885 | 3,814,474 | 3,557,013 | |
Fees and commission expense: | ||||
Credit card fees | (836,990) | (849,256) | (915,521) | |
Credit-related fee | (38,668) | (46,456) | (42,023) | |
Others | (589,230) | (535,829) | (458,950) | |
Fees and commission expense | (1,464,888) | (1,431,541) | (1,416,494) | |
Net fees and commission income | ₩ 2,674,997 | ₩ 2,382,933 | ₩ 2,140,519 | |
[1] | Among operating lease fees recognized for the years ended December 31, 2020 and 2021, there is no variable lease fee income which does not vary by index or rate. |
Net fees and commission incom_3
Net fees and commission income - Summary of net fees and commission income (Parenthetical) (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Fee and commission income (expense) [abstract] | ||
Operating lease fees | ₩ 0 | ₩ 0 |
Dividend income - Summary of di
Dividend income - Summary of dividend income (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Details of Dividend income [Line Items] | |||
Dividend income | ₩ 124,531 | ₩ 97,956 | ₩ 82,158 |
Securities at FVTPL | |||
Details of Dividend income [Line Items] | |||
Dividend income | 100,315 | 76,453 | 65,572 |
Securities at fair value through other comprehensive income | |||
Details of Dividend income [Line Items] | |||
Dividend income | ₩ 24,216 | ₩ 21,503 | ₩ 16,586 |
Net gain (loss) on financial _5
Net gain (loss) on financial instruments measured at fair value through profit or loss - Summary of net gain (loss) on financial instruments measured at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items] | |||
Net gain (loss) on financial instruments at fair value through profit or loss | ₩ 1,103,631 | ₩ 272,830 | ₩ 1,385,482 |
Net gain on disposal of financial asset at fair value through other comprehensive income (Note 11) | 85,596 | 273,793 | 152,278 |
Gains (losses) recognised in other comprehensive income on exchange differences, fair value measurement, liabilities | (22,735) | (75,003) | (86,856) |
Equity Securities Measured At Fair Value Through Other Comprehensive Income [Member] | |||
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items] | |||
Net gain on disposal of financial asset at fair value through other comprehensive income (Note 11) | 512,031 | 445,383 | 559,636 |
Debt Securities Measured At Fair Value Through Other Comprehensive Income [Member] | |||
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items] | |||
Net gain on disposal of financial asset at fair value through other comprehensive income (Note 11) | 380,065 | 418,187 | 325,215 |
Due from banks at FVTPL | |||
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items] | |||
Gain (loss) on valuation | (296) | 1,267 | 87,374 |
Gain on sale | (1,479) | 28,461 | 13,400 |
Net gain (loss) on financial instruments at fair value through profit or loss | (1,775) | 29,728 | 100,774 |
Loan receivables measured at FVTPL | |||
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items] | |||
Gain (loss) on valuation | (78,416) | (204,702) | (248,032) |
Net gain (loss) on financial instruments at fair value through profit or loss | (63,104) | (187,186) | (237,637) |
Securities at FVTPL | |||
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items] | |||
Gain on sale | 15,312 | 17,516 | 10,395 |
Gain (loss) on valuation | 97,281 | 41,208 | 137,181 |
Gain on sale | (92,230) | 72,338 | 125,431 |
Other gains (losses) of debt securities | 506,980 | 331,837 | 297,024 |
Gain (loss) on valuation of equity securities | 180,363 | 134,922 | 141,246 |
Gain (loss) on sale of equity securities | 199,702 | 283,265 | 183,969 |
Gain (loss) on valuation of other securities | 9,316 | 22,690 | 28,803 |
Net gain (loss) on financial instruments at fair value through profit or loss | 901,412 | 886,260 | 913,654 |
Financial liabilities at fair value through profit or loss | |||
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items] | |||
Gain (loss) on valuation | (7,745) | (48,261) | (16,810) |
Gain on sale | (67,522) | 82,724 | (35,710) |
Gain (loss) on valuation of other securities | (26,224) | (83,316) | (91,025) |
Gain (loss) on sale of other securities | 3,489 | 8,313 | 4,169 |
Net gain (loss) on financial instruments at fair value through profit or loss | (98,002) | (40,540) | (139,376) |
Gains (losses) recognised in other comprehensive income on exchange differences, fair value measurement, liabilities | (75,267) | 34,463 | (52,520) |
Derivatives | |||
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items] | |||
Gain (loss) on transaction of derivatives | 429,228 | (661,113) | 359,187 |
Net gain (loss) on financial instruments at fair value through profit or loss | 365,100 | (415,432) | 748,067 |
Loss on valuation of derivatives | ₩ (64,128) | ₩ 245,681 | ₩ 388,880 |
Net gain (loss) on financial _6
Net gain (loss) on financial instruments designated at fair value through profit or loss - Summary of net gain (loss) on financial instruments designated at fair value through profit or loss (Details) - Financial liabilities designated at fair value through profit or loss - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net gain (loss) on financial instruments designated at fair value through profit or loss [Line Items] | |||
Gain (loss) on valuation | ₩ 423,914 | ₩ 241,066 | ₩ (33,871) |
Loss on sale and redemption | (512,215) | (42,827) | (812,175) |
Net gain (loss) on financial instruments designated at fair value through profit or loss | ₩ (88,301) | ₩ 198,239 | ₩ (846,046) |
Reversal of (provision for) c_3
Reversal of (provision for) credit loss allowance - Summary of provision for allowance for credit loss on financial assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Provision for allowance for credit loss [Line Items] | |||
Allowance provided for credit loss | ₩ (984,234) | ₩ (1,382,179) | ₩ (980,692) |
Allowance provided (reversed) for credit loss | (974,685) | (1,382,179) | (980,692) |
Loans at amortized cost net category | |||
Provision for allowance for credit loss [Line Items] | |||
Provision for (reversal of) allowance | (907,070) | (1,290,695) | (910,898) |
Others | |||
Provision for allowance for credit loss [Line Items] | |||
Provision for (reversal of) allowance | (52,162) | (33,785) | (33,945) |
Securities at fair value through other comprehensive income | |||
Provision for allowance for credit loss [Line Items] | |||
Provision for (reversal of) allowance | (19,697) | (3,829) | (5,787) |
Unused credit line and financial guarantee | |||
Provision for allowance for credit loss [Line Items] | |||
Provision for (reversal of) allowance | 0 | (52,795) | (29,519) |
Allowance provided (reversed) for credit loss | 9,549 | 0 | 0 |
Securities at amortized cost | |||
Provision for allowance for credit loss [Line Items] | |||
Provision for (reversal of) allowance | ₩ (5,305) | ₩ (1,075) | ₩ (543) |
General and administrative ex_3
General and administrative expenses - Summary of general and administrative expense (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Employee benefits: | |||
Salaries | ₩ 3,283,436 | ₩ 3,034,543 | ₩ 2,918,065 |
Defined contribution | 38,577 | 36,660 | 35,972 |
Defined benefit | 192,614 | 184,753 | 168,732 |
Termination benefits | 268,089 | 94,723 | 122,732 |
Subtotal | 3,782,716 | 3,350,679 | 3,245,501 |
Entertainment | 38,552 | 34,963 | 36,931 |
Depreciation | 490,457 | 475,506 | 479,657 |
Amortization | 155,202 | 129,976 | 99,208 |
Taxes and utility bills | 187,432 | 197,996 | 197,691 |
Advertising | 280,780 | 204,308 | 265,739 |
Research | 25,320 | 20,271 | 17,742 |
Others | 782,629 | 798,774 | 792,205 |
General and administrative expenses | ₩ 5,743,088 | ₩ 5,212,473 | ₩ 5,134,674 |
Share-based payments - Summary
Share-based payments - Summary of stock options granted (Details) - 7th grant | 12 Months Ended |
Dec. 31, 2021shares₩ / shares | |
Stock options granted [Line Items] | |
Type | Cash payment |
Grant date | March 19, 2008 |
Exercise price in won | ₩ / shares | ₩ 49,053 |
Number of shares granted | 808,700 |
Options expiry dates | May 17, 2021 / September 17, 2021 |
Changes in number of shares granted: | |
Balance at January 1, 2021 | 36,162 |
Exercised and canceled | 36,162 |
Balance at December 31, 2021 | 0 |
Share-based payments - Summar_2
Share-based payments - Summary of performance shares (Details) | 12 Months Ended | |
Dec. 31, 2021shares | ||
Expired performance shares | ||
Performance shares [Line Items] | ||
Type | Cash-settled share-based payment | |
Performance conditions | Relative stock price linked (20.0%), management index (80.0%) | [1] |
Operating period | 4 years from the commencement date of the year to which the grant date belongs | |
Estimated number of shares vested at December 31, 2020 | 578,201 | |
Not Expired performance shares | ||
Performance shares [Line Items] | ||
Type | Cash-settled share-based payment | |
Performance conditions | Relative stock price linked (20.0%), management index (80.0%) | [1] |
Operating period | 4 years from the commencement date of the year to which the grant date belongs | |
Estimated number of shares vested at December 31, 2020 | 1,941,484 | |
[1] | Starting with the shares provided from 2020, Shinhan Financial Group and Shinhan Bank apply relative stock price linked (20.0%), management index (60.0%), and prudential index (20.0%). |
Share-based payments - Summar_3
Share-based payments - Summary of fair value performance shares (Details) ₩ in Millions | Dec. 31, 2021KRW (₩) | [1] |
Vested at December 31, 2018 | ||
Fair value performance shares [Line Items] | ||
Fair value per share | ₩ 40,580 | |
Vested at December 31, 2019 | ||
Fair value performance shares [Line Items] | ||
Fair value per share | 44,222 | |
Vested at December 31, 2020 | ||
Fair value performance shares [Line Items] | ||
Fair value per share | 33,122 | |
Vested at December 31, 2021 | ||
Fair value performance shares [Line Items] | ||
Fair value per share | 37,387 | |
Not Expired performance shares | ||
Fair value performance shares [Line Items] | ||
Fair value per share | ₩ 36,800 | |
[1] | Based on performance-based stock compensation, the reference stock price (the arithmetic average of the weighted average share price of transaction volume for the past two month, the previous one month, and the past one week) of four years after the commencement of the grant year is paid in cash, and the fair value of the reference stock to be paid in the future is assessed as the closing price of the settlement. |
Share-based payments - Summar_4
Share-based payments - Summary of share-based compensation costs (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share-based compensation costs [Line Items] | |||
Employees of the controlling company | ₩ 4,285 | ₩ (276) | ₩ 4,670 |
Employees of the subsidiaries | 32,898 | (3,932) | 32,634 |
Total | 37,183 | (4,208) | 37,304 |
5th Stock options granted | |||
Share-based compensation costs [Line Items] | |||
Employees of the subsidiaries | 9 | ||
Total | 9 | ||
6th Stock options granted | |||
Share-based compensation costs [Line Items] | |||
Employees of the controlling company | (1) | (3) | |
Employees of the subsidiaries | (4) | (15) | |
Total | (5) | (18) | |
7th Stock options granted | |||
Share-based compensation costs [Line Items] | |||
Employees of the controlling company | (1) | (18) | (5) |
Employees of the subsidiaries | (1) | (26) | (6) |
Total | (2) | (44) | (11) |
Performance shares | |||
Share-based compensation costs [Line Items] | |||
Employees of the controlling company | 4,286 | (257) | 4,678 |
Employees of the subsidiaries | 32,899 | (3,902) | 32,646 |
Total | ₩ 37,185 | ₩ (4,159) | ₩ 37,324 |
Share-based payments - Summar_5
Share-based payments - Summary of accrued expenses and the intrinsic value recognized in share-based payments (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |||
Accrued expenses and the intrinsic value recognized in share-based payments [Line Items] | |||||
Employees of the controlling company | [1] | ₩ 7,202 | |||
Employees of the subsidiaries | [1] | 60,242 | |||
Total | 67,444 | ||||
7th Stock options granted | |||||
Accrued expenses and the intrinsic value recognized in share-based payments [Line Items] | |||||
Employees of the controlling company | [1] | 1 | |||
Employees of the subsidiaries | [1] | 1 | |||
Total | 2 | ||||
Performance shares | |||||
Accrued expenses and the intrinsic value recognized in share-based payments [Line Items] | |||||
Employees of the controlling company | ₩ 10,598 | [2] | 7,201 | [1] | |
Employees of the subsidiaries | 82,498 | [2] | 60,241 | [1] | |
Total | ₩ 93,096 | ₩ 67,442 | |||
[1] | The intrinsic value of share-based payments is W 67,442 million as of December 31, 2020. For the calculation, the quoted market price of W 32,050 per share is used for stock options and the fair value is considered as intrinsic value for performance shares, respectively. | ||||
[2] | As of December 31, 2021, all stock options have expired, and the fair value is considered as intrinsic value for performance shares, respectively. |
Share-based payments - Summar_6
Share-based payments - Summary of accrued expenses and the intrinsic value recognized in share-based payments parenthetical (Details) ₩ / shares in Units, ₩ in Millions | Dec. 31, 2020KRW (₩)₩ / shares |
Accrued expenses and the intrinsic value recognized in share-based payments [Abstract] | |
Intrinsic value of share-based payments | ₩ | ₩ 67,442 |
Intrinsic value of share-based payments market price | ₩ / shares | ₩ 32,050 |
Net other operating expense - O
Net other operating expense - Other operating income and other operating expense (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other operating income | |||
Gain on disposal of assets: | ₩ 18,843 | ₩ 21,348 | ₩ 18,298 |
Miscellaneous other operating income | |||
Gain on hedged items | 501,676 | 536,768 | 564,438 |
Reversal of allowance for guarantees and acceptances | 0 | 2,709 | 19,329 |
Gain on other trust accounts | 44,238 | 0 | 27 |
Reversal of other allowance | 8,886 | 850 | 11,194 |
Others | 356,611 | 164,999 | 97,777 |
Miscellaneous other operating income | 911,411 | 705,326 | 692,765 |
Other operating income | 930,254 | 726,674 | 711,063 |
Other operating expense | |||
Loans at amortized cost | (347) | (18,675) | (27,291) |
Miscellaneous other operating expense | |||
Loss on hedged items | (518,891) | (605,808) | (596,533) |
Fund contribution | (397,884) | (367,993) | (311,336) |
Provision for guarantees and acceptances | (3,457) | 0 | 0 |
Provision for other debt allowances | (52,123) | (16,862) | (6,939) |
Depreciation of operating lease assets | (257,033) | (163,006) | (98,288) |
Others | (1,190,546) | (924,796) | (857,918) |
Miscellaneous other operating expense | (2,419,934) | (2,078,465) | (1,871,014) |
Other operating expense | (2,420,281) | (2,097,140) | (1,898,305) |
Net other operating expenses | ₩ (1,490,027) | ₩ (1,370,466) | ₩ (1,187,242) |
Net other non-operating incom_2
Net other non-operating income - Summary of other non-operating income and other non-operating expense (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Gain on disposals of assets | ||||
Gain on disposals of property and equipment | [1] | ₩ 1,836 | ₩ 64,427 | ₩ 1,452 |
Gain on disposals of investment property | [1] | 108 | 20,701 | 12,640 |
Gain on disposals of assets held for sale | 16,976 | 1,147 | 0 | |
Gain on disposals of lease assets | 247 | 2,712 | 1,681 | |
Gain on disposals of right-of-use assets | 2,986 | 3,415 | 1,112 | |
Gain on disposals of others | 0 | 24 | 407 | |
Gain on disposals of assets | 22,153 | 92,426 | 17,292 | |
Gain on disposals of investments in associates | 39,593 | 11,325 | 3,461 | |
Miscellaneous other non-operating income | ||||
Rental income on investment property | 35,887 | 23,890 | 43,777 | |
Reversal of impairment losses on intangible asset | 372 | 119 | 438 | |
Gain from assets contributed | 20 | 4 | 86 | |
Others | 64,272 | 66,268 | 82,879 | |
Miscellaneous other non-operating income | 100,551 | 90,281 | 127,180 | |
Other non-operating income | 162,297 | 194,032 | 147,933 | |
Loss on disposals of assets | ||||
Loss on disposals of property and equipment | [1] | (2,027) | (5,884) | (870) |
Loss on disposals of investment property | (2,111) | 0 | 0 | |
Loss on disposals of lease assets | 0 | (5,538) | (3,221) | |
Loss on disposals of right-of-use assets | (2,920) | (1,195) | (306) | |
Loss on disposals of others | (1,186) | (64) | 0 | |
Loss on disposals of assets | (8,244) | (12,681) | (4,397) | |
Loss from investments in associates | ||||
Loss on disposals of investments in associates | (11,002) | (5,754) | (3,974) | |
Impairment loss on investments in associates | (10,719) | (9,407) | 0 | |
Loss from investments in associates | (21,721) | (15,161) | (3,974) | |
Miscellaneous other non-operating expense | ||||
Donations | (64,098) | (86,608) | (94,937) | |
Depreciation of investment properties | (21,616) | (20,165) | (17,565) | |
Impairment loss on property and equipment | (7,594) | 0 | 0 | |
Impairment loss on intangible assets | (34,916) | (41,429) | (152,081) | |
Write-off of intangible assets | (1,346) | (474) | (9,221) | |
Expenses on collection of special bonds | (11,275) | (7,978) | (7,322) | |
Others | [2] | (518,519) | (344,934) | (46,465) |
Miscellaneous other non-operating expense | (659,364) | (501,588) | (327,591) | |
Other Non Operating Expenses One | (689,329) | (529,430) | (335,962) | |
Net other non operating income (loss) | ₩ (527,032) | ₩ (335,398) | ₩ (188,029) | |
[1] | Gain and loss on disposal of sale-and-leaseback are included in gain and loss on disposal of property, plant, and equipment and gain on disposal of investment property, respectively. Gain on disposal of sale-and-leaseback for the year ended December 31, 2020 is W 9,761 million. | |||
[2] | It includes W 284,176 million and W 466,775 million, respectively, for the years ended December 31, 2020 and 2021 of estimated claim for damages that are highly probable to be paid in case of customer losses expected due to redemption delays of Lime CI funds. |
Net other non-operating incom_3
Net other non-operating income - Summary of other non-operating income and other non-operating expense (Parenthetical) (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Statement [Line Items] | ||
Gain on disposal of sale and leaseback assets | ₩ 9,761 | |
Estimated claim damages for losses | ₩ 466,775 | ₩ 284,176 |
Income tax expense - Summary of
Income tax expense - Summary of income tax expense (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Major components of tax expense (income) [abstract] | |||
Current income tax expense | ₩ 1,498,819 | ₩ 1,131,254 | ₩ 1,115,724 |
Temporary differences | (322,279) | 131,862 | 296,244 |
Income tax recognized in other comprehensive income | 294,496 | (7,321) | (142,844) |
Income tax expenses | ₩ 1,471,036 | ₩ 1,255,795 | ₩ 1,269,124 |
Income tax expense - Summary _2
Income tax expense - Summary of income tax expense calculated by multiplying net income before tax with the tax rate (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | |||
Profit before income taxes | ₩ 5,583,664 | ₩ 4,753,871 | ₩ 4,911,508 |
Income taxes at statutory tax rates | 1,530,030 | 1,301,836 | 1,345,187 |
Non-taxable income | (8,417) | (4,932) | 8,500 |
Non-deductible expense | 15,975 | 14,529 | 18,461 |
Tax credit | (159) | (88) | (2,289) |
Other | (66,393) | (55,550) | (100,735) |
Income tax expenses | ₩ 1,471,036 | ₩ 1,255,795 | ₩ 1,269,124 |
Effective tax rate | 26.35% | 26.42% | 25.84% |
Income tax expense - Summary _3
Income tax expense - Summary of deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | ₩ (364,311) | [1] | ₩ (233,349) | ||
Business combination | 0 | 2,858 | |||
Profit or loss | 28,722 | (126,499) | |||
Other comprehensive income (loss) | 294,496 | (7,321) | ₩ (142,844) | ||
Ending balance | (41,093) | [2] | (364,311) | [1] | (233,349) |
Temporary Difference | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (648,378) | [1] | (553,360) | ||
Business combination | 0 | 2,858 | |||
Profit or loss | 46,184 | (90,555) | |||
Other comprehensive income (loss) | 294,496 | (7,321) | |||
Ending balance | (307,698) | [2] | (648,378) | [1] | (553,360) |
Unearned income | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (328,278) | [1] | (331,679) | ||
Business combination | 0 | 0 | |||
Profit or loss | (12,714) | 3,401 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | (340,992) | [2] | (328,278) | [1] | (331,679) |
Account receivable | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (29,078) | [1] | (26,324) | ||
Business combination | 0 | 0 | |||
Profit or loss | 2,498 | (2,754) | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | (26,580) | [2] | (29,078) | [1] | (26,324) |
Financial assets measured at fair value | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (142,085) | [1] | (101,577) | ||
Business combination | 0 | 1,750 | |||
Profit or loss | 83,716 | (28,950) | |||
Other comprehensive income (loss) | 325,327 | (13,308) | |||
Ending balance | 266,958 | [2] | (142,085) | [1] | (101,577) |
Investment in associates | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 161,270 | [1] | 18,758 | ||
Business combination | 0 | 0 | |||
Profit or loss | 22,616 | 144,390 | |||
Other comprehensive income (loss) | (5,624) | (1,878) | |||
Ending balance | 178,262 | [2] | 161,270 | [1] | 18,758 |
Valuation and depreciation of property and equipment | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (150,786) | [1] | (151,046) | ||
Business combination | 0 | 7 | |||
Profit or loss | 14,616 | 253 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | (136,170) | [2] | (150,786) | [1] | (151,046) |
Derivative asset (liability) | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (55,590) | [1] | 21,005 | ||
Business combination | 0 | 0 | |||
Profit or loss | 86,234 | (80,357) | |||
Other comprehensive income (loss) | (8,995) | 3,762 | |||
Ending balance | 21,649 | [2] | (55,590) | [1] | 21,005 |
Deposits | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 27,632 | [1] | 30,641 | ||
Business combination | 0 | 0 | |||
Profit or loss | (3,202) | (3,009) | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 24,430 | [2] | 27,632 | [1] | 30,641 |
Accrued expenses | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 140,864 | [1] | 145,494 | ||
Business combination | 0 | 441 | |||
Profit or loss | 13,852 | (5,071) | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 154,716 | [2] | 140,864 | [1] | 145,494 |
Defined benefit obligation | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 538,654 | [1] | 506,132 | ||
Business combination | 0 | 209 | |||
Profit or loss | 26,411 | 39,072 | |||
Other comprehensive income (loss) | (15,115) | (6,759) | |||
Ending balance | 549,950 | [2] | 538,654 | [1] | 506,132 |
Plan assets | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (553,907) | [1] | (507,140) | ||
Business combination | 0 | 0 | |||
Profit or loss | (47,067) | (47,934) | |||
Other comprehensive income (loss) | (870) | 1,167 | |||
Ending balance | (601,844) | [2] | (553,907) | [1] | (507,140) |
Other provisions | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 312,278 | [1] | 213,055 | ||
Business combination | 0 | 0 | |||
Profit or loss | 77,268 | 99,223 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 389,546 | [2] | 312,278 | [1] | 213,055 |
Allowance for acceptances and guarantees | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 88,050 | [1] | 80,014 | ||
Business combination | 0 | 0 | |||
Profit or loss | (55,588) | 8,036 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 32,462 | [2] | 88,050 | [1] | 80,014 |
Allowance related to asset revaluation | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (49,713) | [1] | (49,713) | ||
Business combination | 0 | 0 | |||
Profit or loss | 0 | 0 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | (49,713) | [2] | (49,713) | [1] | (49,713) |
Allowance for expensing depreciation | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (337) | [1] | (401) | ||
Business combination | 0 | 0 | |||
Profit or loss | 63 | 64 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | (274) | [2] | (337) | [1] | (401) |
Deemed dividend | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 0 | [1] | 0 | ||
Business combination | 0 | ||||
Profit or loss | 0 | ||||
Other comprehensive income (loss) | 0 | ||||
Ending balance | 0 | [1] | 0 | ||
Accrued contributions | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 16,618 | [1] | 36,818 | ||
Business combination | 0 | 0 | |||
Profit or loss | 19,496 | (20,200) | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 36,114 | [2] | 16,618 | [1] | 36,818 |
Financial instruments designated at fair value through profit of loss | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (28,226) | [1] | 42,817 | ||
Business combination | 0 | 0 | |||
Profit or loss | (46,429) | (71,043) | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | (74,655) | [2] | (28,226) | [1] | 42,817 |
Allowances | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 223,651 | [1] | 38,068 | ||
Business combination | 0 | 0 | |||
Profit or loss | (91,412) | 185,583 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 132,239 | [2] | 223,651 | [1] | 38,068 |
Fictitious dividend | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 16,291 | [1] | 1,341 | ||
Business combination | 0 | 0 | |||
Profit or loss | 446 | 14,950 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 16,737 | [2] | 16,291 | [1] | 1,341 |
Liability under insurance contracts | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 1,739 | [1] | 24,147 | ||
Business combination | 0 | 0 | |||
Profit or loss | 132 | (22,408) | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 1,871 | [2] | 1,739 | [1] | 24,147 |
Deficit carried over | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 311 | [1] | 0 | ||
Business combination | 0 | 0 | |||
Profit or loss | (311) | 311 | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | 0 | [2] | 311 | [1] | 0 |
Others | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | (837,736) | [1] | (543,770) | ||
Business combination | 0 | 451 | |||
Profit or loss | (44,441) | (304,112) | |||
Other comprehensive income (loss) | (227) | 9,695 | |||
Ending balance | (882,404) | [2] | (837,736) | [1] | (543,770) |
Extinguishment of deposit and insurance liabilities | |||||
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items] | |||||
Beginning balance | 284,067 | [1] | 320,011 | ||
Business combination | 0 | 0 | |||
Profit or loss | (17,462) | (35,944) | |||
Other comprehensive income (loss) | 0 | 0 | |||
Ending balance | ₩ 266,605 | [2] | ₩ 284,067 | [1] | ₩ 320,011 |
[1] | Deferred tax assets from overseas subsidiaries are increased by W 1,960 million due to foreign exchange rate movements. | ||||
[2] | Deferred tax assets from overseas subsidiaries are increased by W 939 million due to foreign exchange rate movements. |
Income tax expense - Summary _4
Income tax expense - Summary of deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences (Parenthetical) (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in deferred tax liability (asset) [abstract] | ||
Increase in deferred tax assets from overseas subsidiaries | ₩ 939 | ₩ 1,960 |
Income tax expense - Summary _5
Income tax expense - Summary of deferred tax assets and liabilities that were directly charged or credited to equity (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
OCI | |||
Beginning balance | ₩ (390,077) | ₩ (254,847) | |
Changes | (890,463) | (135,230) | |
Ending balance | (1,280,540) | (390,077) | |
Tax effect | |||
Beginning balance | (14,103) | (5,309) | |
Changes | 309,708 | (8,794) | |
Ending balance | 295,605 | (14,103) | |
Gain (loss) on valuation of financial assets measured at FVOCI | |||
OCI | |||
Beginning balance | 335,800 | 439,370 | |
Changes | (1,160,013) | (103,570) | |
Ending balance | (824,213) | 335,800 | |
Tax effect | |||
Beginning balance | (108,989) | (132,901) | |
Changes | 318,331 | 23,912 | |
Ending balance | 209,342 | (108,989) | |
Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk | |||
OCI | |||
Beginning balance | (7,133) | (11,386) | |
Changes | 4,627 | 4,253 | |
Ending balance | (2,506) | (7,133) | |
Tax effect | |||
Beginning balance | 1,961 | 3,131 | |
Changes | (1,272) | (1,170) | |
Ending balance | 689 | 1,961 | |
Foreign currency translation adjustments for foreign operations | |||
OCI | |||
Beginning balance | (374,944) | (208,348) | |
Changes | 258,068 | (166,596) | |
Ending balance | (116,876) | (374,944) | |
Tax effect | |||
Beginning balance | (2,117) | (9,117) | |
Changes | (6,226) | 7,000 | |
Ending balance | (8,343) | (2,117) | |
Gain (loss) on cash flow hedge | |||
OCI | |||
Beginning balance | (67,935) | (47,977) | |
Changes | 29,931 | (19,958) | |
Ending balance | (38,004) | (67,935) | |
Tax effect | |||
Beginning balance | 19,764 | 14,266 | |
Changes | (8,232) | 5,498 | |
Ending balance | 11,532 | 19,764 | |
Equity in other comprehensive income of associates | |||
OCI | |||
Beginning balance | 6,850 | 8,300 | |
Changes | 6,512 | (1,450) | |
Ending balance | 13,362 | 6,850 | |
Tax effect | |||
Beginning balance | (2,000) | (122) | |
Changes | (3,766) | (1,878) | |
Ending balance | (5,766) | (2,000) | |
The accumulated other comprehensive income in separate account | |||
OCI | |||
Beginning balance | [1] | 25,412 | 20,054 |
Changes | [1] | (56,484) | 5,358 |
Ending balance | [1] | (31,072) | 25,412 |
Tax effect | |||
Beginning balance | [1] | (6,988) | (5,515) |
Changes | [1] | 15,211 | (1,473) |
Ending balance | [1] | 8,223 | (6,988) |
Remeasurements of the defined benefit liability | |||
OCI | |||
Beginning balance | (532,176) | (553,538) | |
Changes | 58,820 | 21,362 | |
Ending balance | (473,356) | (532,176) | |
Tax effect | |||
Beginning balance | 146,396 | 152,006 | |
Changes | (16,164) | (5,610) | |
Ending balance | 130,232 | 146,396 | |
Gain (loss) on valuation of financial asset measured at FVTPL (overlay approach) | |||
OCI | |||
Beginning balance | 224,049 | 98,678 | |
Changes | (31,924) | 125,371 | |
Ending balance | 192,125 | 224,049 | |
Tax effect | |||
Beginning balance | (62,130) | (27,057) | |
Changes | 11,826 | (35,073) | |
Ending balance | ₩ (50,304) | ₩ (62,130) | |
[1] | Deferred tax effects, which are originated from the accumulated other comprehensive income in separate account, are included in the other liabilities of principle and interest guaranteed separate account’s financial statement. |
Income tax expense - Summary _6
Income tax expense - Summary of the amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities [Abstract] | ||
Investment in subsidiaries | ₩ (1,304,370) | ₩ (897,110) |
Income tax expense - Summary _7
Income tax expense - Summary of deferred tax assets and liabilities presented on a gross basis prior to any offsetting (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Deferred tax assets and liabilities [abstract] | ||
Deferred tax assets | ₩ 593,852 | ₩ 440,430 |
Deferred tax liabilities | ₩ (634,945) | ₩ (804,741) |
Earnings per share - Summary of
Earnings per share - Summary of earnings per share (Details) - KRW (₩) ₩ / shares in Units, ₩ in Millions | May 01, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |||
Earnings per share [abstract] | |||||||
Profit attributable to equity holders of Shinhan Financial Group | ₩ 4,019,254 | ₩ 3,414,595 | ₩ 3,403,497 | ||||
Less: | |||||||
Dividends to hybrid bonds | (116,388) | (85,327) | (61,993) | ||||
Net profit available for common stock | ₩ 3,902,866 | ₩ 3,329,268 | ₩ 3,341,504 | ||||
Weighted average number of common shares outstanding | 516,599,554 | 534,049,948 | [1],[2] | 500,343,324 | [1],[2] | 477,346,731 | [1],[2] |
Basic and diluted earnings per share in won | ₩ 7,308 | ₩ 6,654 | ₩ 7,000 | ||||
[1] | The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019. | ||||||
[2] | Treasury stock has retired on June 1, 2020. |
Earnings per share - Summary _2
Earnings per share - Summary of earnings per share (Parenthetical) (Details) - shares | May 01, 2019 | Dec. 31, 2021 | [1],[2] | Dec. 31, 2020 | [1],[2] | Dec. 31, 2019 | [1],[2] |
Earnings per share [abstract] | |||||||
Weighted average number of common shares outstanding | 516,599,554 | 534,049,948 | 500,343,324 | 477,346,731 | |||
Dilutive effect of convertible instruments on number of ordinary shares | 17,482,000 | ||||||
[1] | The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019. | ||||||
[2] | Treasury stock has retired on June 1, 2020. |
Earnings per share - Summary _3
Earnings per share - Summary of weighted average number of ordinary shares (Details) | May 01, 2019shares | Dec. 31, 2021₩ / sharesdshares | Dec. 31, 2020₩ / sharesdshares | Dec. 31, 2019shares | [1],[2] | ||
The calculation details of the weighted average number of ordinary shares [Line Items] | |||||||
Number Of Shares | 534,075,202 | 533,376,758 | |||||
Number of days | ₩ / shares | 194,928,230,872 | 183,125,656,449 | |||||
Days | d | 365 | 366 | |||||
Weighted average number of ordinary shares | 516,599,554 | 534,049,948 | [1],[2] | 500,343,324 | [1],[2] | 477,346,731 | |
Common stocks | |||||||
The calculation details of the weighted average number of ordinary shares [Line Items] | |||||||
Number Of Shares | 516,599,554 | 516,599,554 | |||||
Number of days | ₩ / shares | 188,558,837,210 | 178,880,869,852 | |||||
Preferred stocks | |||||||
The calculation details of the weighted average number of ordinary shares [Line Items] | |||||||
Number Of Shares | 17,482,000 | 17,482,000 | |||||
Number of days | ₩ / shares | 6,380,930,000 | 6,398,412,000 | |||||
Treasury stocks | |||||||
The calculation details of the weighted average number of ordinary shares [Line Items] | |||||||
Number Of Shares | (6,352) | (704,796) | |||||
Number of days | ₩ / shares | (11,536,338) | (2,153,625,403) | |||||
[1] | The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019. | ||||||
[2] | Treasury stock has retired on June 1, 2020. |
Commitments and contingencies -
Commitments and contingencies - Summary of guarantees, acceptances and credit commitments (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Guarantees | |||
Outstanding guarantees | ₩ 10,540,968 | ₩ 10,249,827 | |
Contingent guarantees | 4,670,771 | 3,433,953 | |
ABS and ABCP purchase agreements | 1,525,768 | 1,604,958 | |
Subtotal | 16,737,507 | 15,288,738 | |
Commitments to extend credit | |||
Loan commitments in won | 81,707,963 | 80,598,639 | |
Loan commitments in foreign currency | 19,807,686 | 19,319,903 | |
Other agreements | [1] | 92,338,217 | 87,718,227 |
Subtotal | 193,853,866 | 187,636,769 | |
Endorsed bills | |||
Secured endorsed bills | 8,199 | 1,650 | |
Unsecured endorsed bills | 7,683,165 | 7,324,559 | |
Subtotal | 7,691,364 | 7,326,209 | |
Total | ₩ 218,282,737 | ₩ 210,251,716 | |
[1] | Unused credit commitments provided to the card customers are included, the amounts are W 82,991,589 million for the year ended December 31, 2020 and W 86,979,545 million for the year ended December 31, 2021. |
Commitments and contingencies_2
Commitments and contingencies - Summary of pending litigations (Details) ₩ in Millions | Dec. 31, 2021KRW (₩) |
Pending litigations [Line Items] | |
Number of claim | 587 |
Claim amount | ₩ 404,209 |
Return of unjust earning | |
Pending litigations [Line Items] | |
Number of claim | 1 |
Claim amount | ₩ 33,096 |
Request for return of trust and etc. | |
Pending litigations [Line Items] | |
Number of claim | 1 |
Claim amount | ₩ 10,997 |
Loans lawsuit | |
Pending litigations [Line Items] | |
Number of claim | 1 |
Claim amount | ₩ 10,654 |
Return of down payment for Ulsan Innovative City | |
Pending litigations [Line Items] | |
Number of claim | 1 |
Claim amount | ₩ 12,045 |
Others | |
Pending litigations [Line Items] | |
Number of claim | 583 |
Claim amount | ₩ 337,417 |
Commitments and contingencies_3
Commitments and contingencies (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Jan. 31, 2022 | Sep. 28, 2021 | |
litigations [Line Items] | ||||
Loss contingency, claim damages | ₩ 4,344.9 | |||
Joint And Several Liability [Member] | ||||
litigations [Line Items] | ||||
Loss Contingency Estimate Of Possible Loss | ₩ 101,183 | |||
Board Of Directors [Member] | ||||
litigations [Line Items] | ||||
Percentage of investment principal repaid to the Customer | 40.00% | |||
German Heritage DLS Trust Products | ||||
litigations [Line Items] | ||||
Sale of securties sold under agreements to reputchase during the period | 390.7 | |||
Securities sold under agreements to repurchase | 379.9 | |||
Gen2 Related Trust Instruments | ||||
litigations [Line Items] | ||||
Securities sold under agreements to repurchase | 420 | |||
Securities sold under agreements to repurchase expired amount | 373.8 | |||
Lime Asset Management | Total Return Swap Agreement | ||||
litigations [Line Items] | ||||
Purchase of investments other than investments accounted for using equity method | ₩ 200 | |||
Asia Trust Co Ltd | ||||
litigations [Line Items] | ||||
Proportion of ownership interest in subsidiary | 60.00% | |||
Miscellaneous other provisions | ||||
litigations [Line Items] | ||||
Provisions and insurance contract liabilities | ₩ 9,693 | |||
Provision used, other provisions | 37,604 | ₩ 46,654 | ||
insurance contract Liabilities | ||||
litigations [Line Items] | ||||
Provisions and insurance contract liabilities | 3,828 | |||
Unused Credit Commitments [Member] | ||||
litigations [Line Items] | ||||
Provision used, other provisions | ₩ 86,979,545 | ₩ 82,991,589 |
Statement of cash flows - Summa
Statement of cash flows - Summary of cash and cash equivalents in the consolidated statements of cash flows (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Cash and cash equivalents if different from statement of financial position [abstract] | ||||
Cash and due from banks at amortized cost | ₩ 28,471,127 | ₩ 33,420,549 | ₩ 28,435,818 | |
Due from financial institutions with a maturity over three months from date of acquisition | (1,490,600) | (2,488,156) | (3,349,719) | |
Restricted due from banks | (13,896,642) | (21,969,411) | (16,506,925) | |
Total | ₩ 13,083,885 | ₩ 8,962,982 | ₩ 8,579,174 | ₩ 8,179,756 |
Statement of cash flows - Sum_2
Statement of cash flows - Summary of significant non-cash activities (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Significant non-cash activities [Abstract] | |||
Investment conversion | ₩ 32,239 | ₩ 58,528 | ₩ 224,093 |
Transfers from construction-in-progress to property and equipment | 18,748 | 56,575 | 76,004 |
Transfers between property and equipment and investment property | 73,773 | 4,064 | 104,573 |
Transfers between assets held for sale to property and equipment | 1,022 | 31,633 | 455 |
Transfers between investment property and assets held for sale | 2,238 | 910 | 15,795 |
Accounts payable for purchase of intangible assets, etc. | 137,058 | 137,476 | 472,798 |
Transaction for right-of-use assets | 289,995 | 281,785 | 1,376,764 |
Exchange of shares related to acquisition of subsidiaries | 0 | 629,449 | 0 |
Exchange of shares related to disposal of treasury stocks | ₩ 0 | ₩ 287,669 | ₩ 0 |
Statement of cash flows - Sum_3
Statement of cash flows - Summary of changes in assets and liabilities arising from financing activities (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Changes in assets and liabilities arising from financing activities [Line Items] | ||
Beginning balance | ₩ 117,233,835 | ₩ 111,324,957 |
Changes from cash flows | 5,004,436 | 6,698,543 |
Amortization of discount on borrowings and debentures | (51,260) | 474,967 |
Changes in foreign currency exchange rate | 973,811 | (145,972) |
Other non-financial change | 686,889 | (1,128,499) |
Business combination (Note47) | 9,839 | |
Ending balance | 123,847,711 | 117,233,835 |
Derivatives | ||
Changes in assets and liabilities arising from financing activities [Line Items] | ||
Beginning balance | (88,784) | (5,822) |
Changes from cash flows | 12,667 | 43,676 |
Amortization of discount on borrowings and debentures | 0 | 0 |
Changes in foreign currency exchange rate | 0 | 0 |
Other non-financial change | (5,290) | (126,638) |
Business combination (Note47) | 0 | |
Ending balance | (81,407) | (88,784) |
Borrowings | ||
Changes in assets and liabilities arising from financing activities [Line Items] | ||
Beginning balance | 41,594,064 | 34,863,156 |
Changes from cash flows | 849,212 | 7,465,106 |
Amortization of discount on borrowings and debentures | (71,390) | 22,836 |
Changes in foreign currency exchange rate | 193,892 | 271,179 |
Other non-financial change | 601,287 | (1,037,213) |
Business combination (Note47) | 9,000 | |
Ending balance | 43,167,065 | 41,594,064 |
Debentures | ||
Changes in assets and liabilities arising from financing activities [Line Items] | ||
Beginning balance | 75,134,394 | 75,363,364 |
Changes from cash flows | 4,417,830 | (28,372) |
Amortization of discount on borrowings and debentures | 9,257 | 437,627 |
Changes in foreign currency exchange rate | 779,919 | (417,151) |
Other non-financial change | (192,037) | (221,074) |
Business combination (Note47) | 0 | |
Ending balance | 80,149,363 | 75,134,394 |
Lease liabilities | ||
Changes in assets and liabilities arising from financing activities [Line Items] | ||
Beginning balance | 594,161 | 1,104,259 |
Changes from cash flows | (275,273) | (781,867) |
Amortization of discount on borrowings and debentures | 10,873 | 14,504 |
Changes in foreign currency exchange rate | 0 | 0 |
Other non-financial change | 282,929 | 256,426 |
Business combination (Note47) | 839 | |
Ending balance | ₩ 612,690 | ₩ 594,161 |
Related parties - Balances with
Related parties - Balances with the related parties (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | |
Assets: | |||
Assets | ₩ 648,152,185 | ₩ 605,234,104 | |
Liabilities: | |||
Liabilities | 598,613,763 | 558,877,246 | |
BNP Paribas Cardif Life Insurance | |||
Assets: | |||
Credit card loans | 87 | 81 | |
Other non-current assets | 61 | 76 | |
Liabilities: | |||
Deposits | 14,870 | 13,941 | |
Partners 4th Growth Investment Fund | |||
Liabilities: | |||
Deposits | 10,096 | 2,802 | |
BNP Paribas Cardif General Insurance | |||
Assets: | |||
Credit card loans | 24 | 21 | |
Allowances for credit loss | (2) | 0 | |
Liabilities: | |||
Provisions | 4 | 0 | |
Deposits | 1,455 | 41 | |
Dream High Fund III | |||
Liabilities: | |||
Deposits | 4 | 4 | |
Credian Healthcare Private Equity Fund II | |||
Liabilities: | |||
Deposits | [1] | 0 | 2 |
KDBC Midas Dong-A Snowball Venture Fund II | |||
Liabilities: | |||
Deposits | 350 | 1,739 | |
Eum Private Equity Fund No.3 | |||
Liabilities: | |||
Deposits | [1] | 0 | 20 |
Incorporated association Finance Saving Information Center | |||
Liabilities: | |||
Deposits | 16 | 7 | |
Nomura investment property trust No.19 | |||
Assets: | |||
Other non-current assets | 0 | 44 | |
Loans | 11,880 | 11,976 | |
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 | |||
Assets: | |||
Other non-current assets | 345 | 1,160 | |
Korea Finance Security | |||
Liabilities: | |||
Deposits | 457 | 568 | |
SHINHAN-CORE TREND GLOBAL FUND 1 | |||
Liabilities: | |||
Unearned revenue | 17 | 16 | |
Hermes Private Investment Equity Fund | |||
Liabilities: | |||
Deposits | 246 | 352 | |
Korea Credit Bureau | |||
Liabilities: | |||
Deposits | 1,394 | 2,088 | |
Goduck Gangil1 PFV Co., Ltd | |||
Assets: | |||
Allowances for credit loss | (52) | (71) | |
Loans | 12,000 | 24,000 | |
SBC PFV Co., Ltd | |||
Liabilities: | |||
Deposits | 33,278 | 8,011 | |
Sprott Global Renewable Private Equity Fund I | |||
Liabilities: | |||
Deposits | 176 | 258 | |
IMM Global Private Equity Fund | |||
Assets: | |||
Allowances for credit loss | (3) | (2) | |
Loans | 800 | 800 | |
Liabilities: | |||
Deposits | 21,543 | 10,820 | |
Goduck Gangil10 PFV Co., Ltd | |||
Assets: | |||
Allowances for credit loss | (24) | (19) | |
Loans | 7,600 | 9,400 | |
Liabilities: | |||
Deposits | 72,740 | 2,718 | |
Shinhan Global Healthcare Fund 2 | |||
Liabilities: | |||
Deposits | 1 | 1 | |
One Shinhan Global Fund 1 | |||
Liabilities: | |||
Unearned revenue | 104 | 122 | |
IGIS PRIVATE REAL ESTATE TRUST NO.331 | |||
Assets: | |||
Accrued income | [1] | 121 | |
Account receivables | [1] | 0 | |
Loans | [1] | 0 | 9,919 |
Liabilities: | |||
Unearned revenue | [1] | 0 | 22 |
COSPEC BIM tech | |||
Assets: | |||
Allowances for credit loss | [1] | 0 | (95) |
Loans | [1] | 0 | 151 |
Liabilities: | |||
Deposits | [1] | 0 | 1 |
IMM Special Situation 1-2 PRIVATE EQUITY FUND | |||
Liabilities: | |||
Deposits | 23 | 117 | |
EDNCENTRAL Co.,Ltd. | |||
Assets: | |||
Accrued income | 9 | 9 | |
Loans | 19,739 | 19,450 | |
Liabilities: | |||
Unearned revenue | 40 | 578 | |
Deposits | 1 | 0 | |
KoFC-Neoplux R&D-Biz Creation 2013-1 Investment | |||
Assets: | |||
Account receivables | [1] | 0 | 2,823 |
Future-Creation Neoplux Venture Capital Fund | |||
Assets: | |||
Account receivables | [1] | 3,919 | 4,137 |
Neoplux Market-Frontier Secondary Fund | |||
Assets: | |||
Account receivables | [1] | 954 | 1,630 |
Gyeonggi-Neoplux Superman Fund | |||
Assets: | |||
Account receivables | [1] | 620 | 186 |
Shinhan-Neoplux Energy Newbiz Fund | |||
Assets: | |||
Account receivables | [1] | 1,002 | 25 |
SHINHAN-NEO Core Industrial Technology Fund | |||
Assets: | |||
Account receivables | [1] | 0 | 3 |
KTC-NP Growth Champ 2011-2 Private Equity Fund | |||
Assets: | |||
Account receivables | [1] | 4,512 | 4,528 |
Neoplux No.3 Private Equity Fund | |||
Assets: | |||
Account receivables | 662 | 748 | |
NV Station Private Equity Fund | |||
Liabilities: | |||
Deposits | 41 | 100 | |
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 | |||
Liabilities: | |||
Unearned revenue | 0 | 76 | |
IGIS Private Real Estate Investment Trust 286 | |||
Assets: | |||
Other non-current assets | [1] | 0 | 436 |
Genesis North America Power Company No.1 PEF | |||
Assets: | |||
Other non-current assets | 0 | 2,171 | |
Korea Digital Asset Custody | |||
Liabilities: | |||
Deposits | 526 | 0 | |
SW-N Fund | |||
Liabilities: | |||
Deposits | 115 | 0 | |
Shinhan Smilegate Global PEF I | |||
Liabilities: | |||
Unearned revenue | 49 | 0 | |
WaveTechnology co.Ltd | |||
Liabilities: | |||
Deposits | 99 | 0 | |
SHINHAN-NEO Market-Frontier 2nd Fund | |||
Assets: | |||
Account receivables | 513 | 0 | |
iPIXEL Co.,Ltd. | |||
Assets: | |||
Loans | 55 | 0 | |
Liabilities: | |||
Deposits | 651 | 0 | |
CJL No.1 Private Equity Fund | |||
Liabilities: | |||
Deposits | 779 | 0 | |
Nova New Technology Investment Fund No.1 | |||
Liabilities: | |||
Deposits | 357 | 0 | |
Key management personnel and their immediate relatives: | |||
Assets: | |||
Loans | 6,149 | 5,144 | |
Assets | 70,850 | 98,852 | |
Liabilities: | |||
Liabilities | ₩ 159,432 | ₩ 44,404 | |
[1] | Excluded from the associates due to disposal and liquidation for the year ended December 31, 2021. |
Related parties - Transactions
Related parties - Transactions with the related parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Related parties | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest income | ₩ 122 | ₩ 126 | ₩ 161 | |
Total | 28,589 | 18,897 | 15,045 | |
BNP Paribas Cardif Life Insurance | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 3,023 | 3,390 | 4,230 | |
General and administrative expenses | (2) | (4) | (9) | |
Reversal of credit losses | 0 | 0 | 3 | |
Other expense | (13) | (5) | (1) | |
Shinhan Praxis K-Growth Global Private Equity Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 323 | 361 | 448 | |
BNP Paribas Cardif General Insurance | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 10 | 10 | 11 | |
Interest expense | (1) | 0 | 0 | |
Provision for credit losses | 6 | 0 | 0 | |
Other operating income | 0 | 333 | 468 | |
Midas Dong-A Snowball Venture Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [1] | 0 | 0 | 119 |
Interest expense | 0 | 0 | (1) | |
SM New Technology Business Investment Fund I | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [2] | 187 | 0 | 14 |
Partners 4th Growth Investment Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest expense | (11) | (4) | (7) | |
Shinhan-Albatross Technology Investment | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 129 | 54 | 216 | |
IBKS-Shinhan Creative Economy New Technology Fund II | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [1] | 0 | 0 | 8 |
KDBC Midas Dong-A Snowball Venture Fund II | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest expense | 0 | (2) | 0 | |
SHBNPP Private Korea Equity Long-Short Professional Feeder | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [1] | 0 | 0 | 363 |
Shinhan Fintech New Technology Fund No.1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [1] | 0 | 0 | 38 |
Shinhan Global Healthcare Fund 1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 0 | 0 | 360 | |
Shinhan capital-Cape FN Fund No.1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [1] | 0 | 0 | 101 |
SHC-K2 Global Material Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [3] | 0 | 19 | 19 |
Synergy-Shinhan Mezzanine New Technology Investment Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [3] | 0 | 50 | 94 |
Shinhan-Midas Dong-A Secondary Venture Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 115 | 63 | 187 | |
GX SHINHAN INTEREST 1st Private Equity Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [3] | 0 | 454 | 545 |
Shinhan-Nvestor Liquidity Solution Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 271 | 361 | 361 | |
SHC ULMUS Fund No.1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [3] | 0 | 39 | 76 |
Shinhan-PS Investment Fund No.1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 20 | 20 | 20 | |
Nomura investment property trust No.19 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest income | 530 | 525 | 519 | |
Other operating income | 0 | 3 | 7 | |
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 974 | 2,501 | 2,694 | |
Shinhan-Stonebridge Petro PEF | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [3] | 0 | 0 | 1,762 |
Korea Finance Security | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 8 | 10 | 10 | |
Interest expense | (1) | (1) | 0 | |
ShinHan - Soo Young Entrepreneur Investment Fund No.1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 1,028 | 206 | 275 | |
Shinhan-Rhinos 1 Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 47 | 64 | 64 | |
SHINHAN-CORE TREND GLOBAL FUND 1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 106 | 100 | 45 | |
Kiwoom-Shinhan Innovation Fund I | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 240 | 240 | 67 | |
One Shinhan Global Fund 1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 208 | 399 | 151 | |
Yeollim-Shinhan Portfolio Fund I | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 59 | 59 | 59 | |
FuturePlay-Shinhan TechInnovation Fund 1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 241 | 218 | 7 | |
WON JIN HOME PLAN CO.,LTD | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest income | [2] | 0 | 0 | 186 |
Korea Credit Bureau | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 14 | 13 | 13 | |
Interest expense | (9) | (12) | (5) | |
Goduck Gangil1 PFV Co., Ltd | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 0 | 0 | 1,120 | |
Interest income | 754 | 915 | 328 | |
Provision for credit losses | 20 | 7 | (78) | |
SBC PFV Co., Ltd | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 776 | 732 | 0 | |
Interest expense | (14) | (5) | (3) | |
IMM Global Private Equity Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest expense | (49) | (13) | (25) | |
Interest income | 23 | 25 | 28 | |
Provision for credit losses | (1) | 0 | (3) | |
Goduck Gangil10 PFV Co., Ltd | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 0 | 793 | 0 | |
Interest expense | (78) | (4) | 0 | |
Interest income | 283 | 299 | 0 | |
Provision for credit losses | (4) | (19) | 0 | |
IGIS PRIVATE REAL ESTATE TRUST NO.331 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [2] | 0 | 478 | 0 |
Other operating expense | [2] | 0 | (67) | 0 |
Interest income | [2] | 0 | 731 | 0 |
COSPEC BIM tech | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest income | [2] | 41 | 0 | 0 |
Provision for credit losses | [2] | 95 | (95) | 0 |
Korea Omega Project Fund I | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 180 | 131 | 0 | |
New Green Shinhan Mezzanine Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [2] | 334 | 42 | 0 |
Sparklabs-Shinhan Opportunity Fund 1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 202 | 174 | 0 | |
EDNCENTRAL Co.,Ltd. | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 714 | 578 | 0 | |
Other operating expense | 0 | (121) | 0 | |
Interest income | 1,140 | 649 | 0 | |
Shinhan Western T&D Consignment Management Real Estate Investment Co., Ltd | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [3] | 0 | 300 | 0 |
Kakao-Shinhan 1st TNYT Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 386 | 165 | 0 | |
KoFC-Neoplux R&D-Biz Creation 2013-1 Investment | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | [3] | 5,474 | 44 | 0 |
Interest income | [2] | 1 | 9 | 0 |
Future-Creation Neoplux Venture Capital Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 308 | 116 | 0 | |
Interest income | 31 | 14 | 0 | |
Neoplux Market-Frontier Secondary Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 954 | 416 | 0 | |
Gyeonggi-Neoplux Superman Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 621 | 149 | 0 | |
Shinhan-Neoplux Energy Newbiz Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 1,002 | 308 | 0 | |
NewWave 6th Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 1,210 | 303 | 0 | |
SHINHAN-NEO Core Industrial Technology Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 498 | 3 | 0 | |
KTC-NP Growth Champ 2011-2 Private Equity Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 0 | 86 | 0 | |
Interest income | 26 | 5 | 0 | |
Neoplux No.3 Private Equity Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 2,433 | 748 | 0 | |
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 83 | 1,412 | 0 | |
CREDIAN T&F 2020 CORPORATE FINANCIAL STABILITY PRIVATE EQUITY FUND | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest expense | [3] | 0 | (1) | 0 |
SHINHAN-NEO Market-Frontier 2nd Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 2,026 | 0 | 0 | |
Korea Digital Asset Custody | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest expense | (2) | 0 | 0 | |
SWK-Shinhan New Technology Investment Fund 1st | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 41 | 0 | 0 | |
Ulmus SHC innovation investment fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 63 | 0 | 0 | |
iPIXEL Co.,Ltd. | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest income | 2 | 0 | 0 | |
CJL No.1 Private Equity Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest expense | (2) | 0 | 0 | |
Reverent-Shinhan Vista Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 90 | 0 | 0 | |
Hermes Private Investment Equity Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Interest expense | (1) | 0 | 0 | |
Kiwoom-Shinhan Innovation Fund 2 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 115 | 0 | 0 | |
ETRI Holdings-Shinhan 1st Unicorn Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 32 | 0 | 0 | |
Shinhan-Time mezzanine blind Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 300 | 0 | 0 | |
Shinhan VC tomorrow venture fund 1 | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 419 | 0 | 0 | |
JS Shinhan Private Equity Fund | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | 250 | 0 | 0 | |
Shinhan Smilegate Global PEF I | ||||
Related parties - Transactions with the related parties [Line Items] | ||||
Fees and commission income | ₩ 189 | ₩ 0 | ₩ 0 | |
[1] | Excluded from the associates due to disposal and liquidation for the year ended December 31, 2019. | |||
[2] | Excluded from the associates due to disposal and liquidation for the year ended December 31, 2021. | |||
[3] | Excluded from the associates due to disposal and liquidation for the year ended December 31, 2020. |
Related parties - Key managemen
Related parties - Key management personnel compensation (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Key management personnel compensation [Abstract] | ||||
Short-term employee benefits | ₩ 23,972 | ₩ 23,468 | ₩ 21,237 | |
Severance benefits | 686 | 651 | 731 | |
Share-based payment transactions | [1] | 13,886 | 2,628 | 12,343 |
Key management personnel compensation | ₩ 38,544 | ₩ 26,747 | ₩ 34,311 | |
[1] | The expenses of share-based payment transactions are the renumeration expenses during the vesting period. |
Related parties - The guarantee
Related parties - The guarantees provided between the related parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Related parties - The guarantees provided between the related parties [Line Items] | ||
Amount of guarantees | ₩ 218,217 | ₩ 146,607 |
BNP Paribas Cardif Life Insurance | Unused credit line | Shinhan Bank Co., Ltd. [Member] | ||
Related parties - The guarantees provided between the related parties [Line Items] | ||
Amount of guarantees | 10,000 | 10,000 |
BNP Paribas Cardif Life Insurance | Unused credit line | Shinhan Card Co., Ltd. [Member] | ||
Related parties - The guarantees provided between the related parties [Line Items] | ||
Amount of guarantees | 913 | 919 |
BNP Paribas Cardif General Insurance | Unused credit line | Shinhan Card Co., Ltd. [Member] | ||
Related parties - The guarantees provided between the related parties [Line Items] | ||
Amount of guarantees | 226 | 229 |
Structured Entities [Member] | Purchase agreement | The Group [Member] | ||
Related parties - The guarantees provided between the related parties [Line Items] | ||
Amount of guarantees | ₩ 207,078 | ₩ 135,459 |
Related parties - Collaterals p
Related parties - Collaterals provided by the related parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Related parties - Collaterals provided by the related parties [Line Items] | ||
Amount of collaterals | ₩ 12,190 | ₩ 53,920 |
BNP Paribas Cardif Life Insurance | Government bonds | ||
Related parties - Collaterals provided by the related parties [Line Items] | ||
Amount of collaterals | 12,000 | 12,000 |
Hyungje art printing | Property, plant and equipment [member] | ||
Related parties - Collaterals provided by the related parties [Line Items] | ||
Amount of collaterals | 0 | 120 |
Goduck Gangil1 PFV Co., Ltd | Guarantee insurance policy | ||
Related parties - Collaterals provided by the related parties [Line Items] | ||
Amount of collaterals | 0 | 28,800 |
Goduck Gangil10 PFV Co., Ltd | Guarantee insurance policy | ||
Related parties - Collaterals provided by the related parties [Line Items] | ||
Amount of collaterals | 0 | 13,000 |
iPIXEL Co.,Ltd. | Electronic Credit Guarantee [Member] | ||
Related parties - Collaterals provided by the related parties [Line Items] | ||
Amount of collaterals | ₩ 190 | ₩ 0 |
Related parties - Significant l
Related parties - Significant loan transactions with related parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2021 | Dec. 31, 2020 | ||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Other | [1] | ₩ 0 | |||
Investments in associates: | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | ₩ 75,393 | 36,773 | |||
Loan | 58,200 | ||||
Execution | 671 | ||||
Recover | (24,169) | (18,800) | |||
Other | [1] | 179 | (780) | ||
Ending | 52,074 | 75,393 | |||
Nomura investment property trust No.19 | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | 11,973 | 11,973 | |||
Loan | 0 | 0 | |||
Recover | 0 | 0 | |||
Other | [1] | (93) | 0 | ||
Ending | 11,880 | 11,973 | |||
IGIS PRIVATE REAL ESTATE TRUST NO.331 | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | 9,688 | 0 | |||
Loan | 0 | 10,000 | |||
Recover | (9,769) | 0 | |||
Other | [1] | 81 | (312) | ||
Ending | 0 | 9,688 | |||
EDNCENTRAL Co.,Ltd. | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | 19,381 | 0 | |||
Loan | 0 | 20,000 | |||
Recover | 0 | 0 | |||
Other | [1] | 358 | (619) | ||
Ending | 19,739 | 19,381 | |||
Goduck Gangil1 PFV Co., Ltd | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | 24,000 | 24,000 | |||
Loan | 0 | 0 | |||
Recover | (12,000) | 0 | |||
Other | [1] | 0 | 0 | ||
Ending | 12,000 | 24,000 | |||
Goduck Gangil10 PFV Co., Ltd | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | 9,400 | 0 | |||
Loan | 600 | 28,200 | |||
Recover | (2,400) | (18,800) | |||
Other | [1] | 0 | |||
Ending | 7,600 | 9,400 | |||
IMM Global Private Equity Fund | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | 800 | 800 | |||
Loan | 0 | 0 | |||
Recover | 0 | 0 | |||
Other | [1] | 0 | 0 | ||
Ending | 800 | 800 | |||
COSPEC BIM tech | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | 151 | 0 | |||
Loan | 0 | 0 | |||
Recover | 0 | 0 | |||
Other | (151) | [1] | 151 | [2] | |
Ending | 0 | 151 | |||
iPIXEL Co.,Ltd. | |||||
Related parties - Significant loan transactions with related parties [Line Items] | |||||
Beginning | 0 | ||||
Loan | 71 | ||||
Recover | 0 | ||||
Other | [1] | (16) | |||
Ending | ₩ 55 | ₩ 0 | |||
[1] | The effect on changes in allowance for credit loss is included. | ||||
[2] | For the year ended December 31, 2020, it is incorporated as a related party, and has marked the balance as of December 31, 2020. |
Interests in unconsolidated s_3
Interests in unconsolidated structured entities - Summary of size of unconsolidated structured entities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Size of unconsolidated structured entities [Line Items] | ||
Total assets | ₩ 805,296,338 | ₩ 715,297,320 |
Assets-backed securitization | ||
Size of unconsolidated structured entities [Line Items] | ||
Total assets | 248,200,446 | 253,958,036 |
Structured financing | ||
Size of unconsolidated structured entities [Line Items] | ||
Total assets | 255,854,384 | 257,475,395 |
Investment funds | ||
Size of unconsolidated structured entities [Line Items] | ||
Total assets | ₩ 301,241,508 | ₩ 203,863,889 |
Interests in unconsolidated s_4
Interests in unconsolidated structured entities - Summary of carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | ₩ 41,909,482 | ₩ 35,908,782 |
Carrying amounts of the liabilities | 25,651 | 24,613 |
Derivative liabilities | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the liabilities | 3,865 | 582 |
Other liabilities | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the liabilities | 21,786 | 24,031 |
Loans measured at fair value through profit or loss | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 215,213 | 406,013 |
Loans at amortized cost | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 14,435,246 | 12,594,196 |
Securities at fair value through profit or loss | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 18,002,125 | 14,308,104 |
Derivative assets | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 20,903 | 11,403 |
Securities at fair value through other comprehensive income | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 2,725,294 | 2,227,903 |
Securities at amortized cost | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 6,493,106 | 6,294,228 |
Other assets | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 17,595 | 66,935 |
Assets-backed securitization | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 13,507,574 | 14,008,081 |
Carrying amounts of the liabilities | 3,920 | 3,192 |
Assets-backed securitization | Derivative liabilities | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the liabilities | 3,817 | 582 |
Assets-backed securitization | Other liabilities | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the liabilities | 103 | 2,610 |
Assets-backed securitization | Loans measured at fair value through profit or loss | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 16,352 | 10,007 |
Assets-backed securitization | Loans at amortized cost | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 731,184 | 882,708 |
Assets-backed securitization | Securities at fair value through profit or loss | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 3,752,394 | 4,703,527 |
Assets-backed securitization | Derivative assets | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 4,343 | 10,353 |
Assets-backed securitization | Securities at fair value through other comprehensive income | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 2,510,057 | 2,105,239 |
Assets-backed securitization | Securities at amortized cost | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 6,493,106 | 6,294,228 |
Assets-backed securitization | Other assets | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 138 | 2,019 |
Structured financing | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 14,189,435 | 12,411,988 |
Carrying amounts of the liabilities | 21,731 | 21,421 |
Structured financing | Derivative liabilities | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the liabilities | 48 | 0 |
Structured financing | Other liabilities | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the liabilities | 21,683 | 21,421 |
Structured financing | Loans measured at fair value through profit or loss | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 156,630 | 396,006 |
Structured financing | Loans at amortized cost | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 13,548,490 | 11,631,322 |
Structured financing | Securities at fair value through profit or loss | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 235,238 | 200,966 |
Structured financing | Derivative assets | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 16,560 | 1,050 |
Structured financing | Securities at fair value through other comprehensive income | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 215,237 | 122,664 |
Structured financing | Securities at amortized cost | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 0 | 0 |
Structured financing | Other assets | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 17,280 | 59,980 |
Investment funds | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 14,212,473 | 9,488,713 |
Carrying amounts of the liabilities | 0 | 0 |
Investment funds | Derivative liabilities | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the liabilities | 0 | 0 |
Investment funds | Other liabilities | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the liabilities | 0 | 0 |
Investment funds | Loans measured at fair value through profit or loss | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 42,231 | 0 |
Investment funds | Loans at amortized cost | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 155,572 | 80,166 |
Investment funds | Securities at fair value through profit or loss | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 14,014,493 | 9,403,611 |
Investment funds | Derivative assets | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 0 | 0 |
Investment funds | Securities at fair value through other comprehensive income | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 0 | 0 |
Investment funds | Securities at amortized cost | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | 0 | 0 |
Investment funds | Other assets | ||
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items] | ||
Carrying amounts of the assets | ₩ 177 | ₩ 4,936 |
Interests in unconsolidated s_5
Interests in unconsolidated structured entities - Summary of exposure to risk relating to its interests in unconsolidated structured entities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | ₩ 47,218,472 | ₩ 40,308,510 |
Assets held | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 41,909,482 | 35,908,782 |
ABS and ABCP purchase agreement | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 3,600,836 | 2,857,448 |
Loan commitments | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 1,430,825 | 1,325,890 |
Guarantees | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 126,750 | 87,293 |
Others | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 150,579 | 129,097 |
Assets-backed securitization | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 14,863,890 | 15,645,517 |
Assets-backed securitization | Assets held | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 13,507,574 | 14,008,081 |
Assets-backed securitization | ABS and ABCP purchase agreement | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 895,273 | 932,113 |
Assets-backed securitization | Loan commitments | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 439,843 | 618,030 |
Assets-backed securitization | Guarantees | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 21,200 | 87,293 |
Structured financing | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 15,431,856 | 13,245,358 |
Structured financing | Assets held | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 14,189,435 | 12,411,988 |
Structured financing | ABS and ABCP purchase agreement | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 2,210 | 2,300 |
Structured financing | Loan commitments | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 984,082 | 707,860 |
Structured financing | Guarantees | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 105,550 | |
Structured financing | Others | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 150,579 | 123,210 |
Investment fund | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 16,922,726 | 11,417,635 |
Investment fund | Assets held | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 14,212,473 | 9,488,713 |
Investment fund | ABS and ABCP purchase agreement | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | 2,703,353 | 1,923,035 |
Investment fund | Loan commitments | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | ₩ 6,900 | |
Investment fund | Others | ||
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items] | ||
Exposure to risk | ₩ 5,887 |
Business combination - Summary
Business combination - Summary of fair values of assets acquired and liabilities assumed as of acquisition date (Details) - Shinhan Venture Investment Co., Ltd. ₩ in Millions | Sep. 30, 2020KRW (₩) | [1] |
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | ₩ 58,868 | |
Assets | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 72,672 | |
Liabilities | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 13,804 | |
Cash and due from banks at amortized cost | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 179 | |
Investment assets in the long-term | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 463 | |
Venture capital investment assets | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 38,800 | |
Private equity investment company investment assets | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 12,230 | |
Property and equipment | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 835 | |
Intangible assets | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 1,254 | [2] |
Other assets | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 18,911 | [3] |
Borrowings | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | 9,000 | |
Other liabilities | ||
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | ||
Fair value of the identifiable net assets | ₩ 4,804 | |
[1] | The accounting for the acquisition of Shinhan Venture Investment Co., Ltd. was determined using the identifiable assets and liabilities recognized by Shinhan Venture Investment Co., Ltd. at the time of business combination. | |
[2] | The contract balance recognized as a business combination includes W 793 million. The contract balance that Shinhan Venture Investment Co., Ltd. had was considered an important asset that can generate additional revenue in the future. Therefore, it was assessed at fair value through the Multi-period Excess Earning Method. | |
[3] | During the business combination, the Group acquired receivables that were fair value of W 15,803 million, and the total contract amount was W 15,803 million. There is no contractual cash flow that is not expected to be recovered from the receivables. |
Business combination - Summar_2
Business combination - Summary of goodwill recognized as a result of business combination (Details) - KRW (₩) ₩ in Millions | Sep. 30, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Goodwill | ₩ 13,851 | ₩ 14,440 | ||
Shinhan Venture Investment Co., Ltd. | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Consideration transferred in cash | ₩ 71,128 | |||
Fair value of identifiable net assets | [1] | (58,868) | ||
Noncontrolling Interest | [2] | 1,718 | ||
Goodwill | ₩ 13,978 | |||
[1] | The accounting for the acquisition of Shinhan Venture Investment Co., Ltd. was determined using the identifiable assets and liabilities recognized by Shinhan Venture Investment Co., Ltd. at the time of business combination. | |||
[2] | For the year ended December 31, 2020, the non-controlling interests for Shinhan Venture Investment Co., Ltd. were measured at proportionate shares of non-controlling interests in the acquiree’s identifiable net assets for Shinhan Venture Investment Co., Ltd. At the business combination, the goodwill is generated because the transfer price includes the premium of corporate control paid to acquire Shinhan Venture Investment Co., Ltd. The transfer price for the business combination includes expected synergies, future market growth, and the amount related to human resources. These benefits are not recognized separately from goodwill because it does not meet the recognition requirements for identifiable intangible assets. |
Business combination - Summar_3
Business combination - Summary of detailed information about business combination (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Fair value of assets and liabilities | ||
Goodwill | ₩ 13,851 | ₩ 14,440 |
GF And IMGA Business Department Of Leaders Financial Sales Co Ltd [Member] | ||
Consideration paid in cash | ||
Cash | 8,183 | |
Contingent consideration arrangement | 2,600 | |
Consideration transferred, acquisition-date fair value | 10,783 | |
Fair value of assets and liabilities | ||
Cash and cash equivalents | 200 | |
Trade payable and other payable | (200) | |
Accounts payable | (3,068) | |
Fair value of identifiable net assets | (3,068) | |
Goodwill | ₩ 13,851 |
Business combinations (Details)
Business combinations (Details) ₩ / shares in Units, ₩ in Millions | Sep. 30, 2020KRW (₩)₩ / sharesshares |
Disclosure of detailed information about business combination [line items] | |
Contract assets | ₩ 15,803 |
Fair value of acquired receivables | ₩ 15,803 |
Share Purchase Agreement [Member] | |
Disclosure of detailed information about business combination [line items] | |
Proportion of ownership interest purchased | 94.54% |
Shares purchased | shares | 7,230,174 |
Shinhan Life Insurance Co Ltd [Member] | Merger [Member] | |
Disclosure of detailed information about business combination [line items] | |
Conversion of shares, Shares issued per share | shares | 0.9226202 |
Share price | ₩ / shares | ₩ 5,000 |
Shinhan Venture Investment Co., Ltd. | |
Disclosure of detailed information about business combination [line items] | |
Contract assets | ₩ 793 |
GF And IMGA Business Department Of Leaders Financial Sales Co Ltd [Member] | |
Disclosure of detailed information about business combination [line items] | |
Date of acquisition | May 31, 2021 |
Uncertainty due to changes in_3
Uncertainty due to changes in domestic and global economic conditions (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Shinhan Bank Co., Ltd. | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | ₩ 6,897,770 | ₩ 6,467,123 |
Securities at fair value through profit or loss | 32,648 | 6,148 |
Securities at fair value through other comprehensive income | 414,444 | 296,719 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 11,814,947 | 11,642,993 |
Off-balance accounts | 4,470,085 | 4,873,003 |
Shinhan Bank Co., Ltd. | Airlift passenger | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 164,904 | 120,854 |
Securities at fair value through other comprehensive income | 114,158 | 52,878 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 643,413 | 578,499 |
Off-balance accounts | 364,351 | 404,767 |
Shinhan Bank Co., Ltd. | Lodging | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 3,314,684 | 3,445,269 |
Securities at fair value through other comprehensive income | 18,142 | 2,611 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 3,656,464 | 3,737,828 |
Off-balance accounts | 323,638 | 289,948 |
Shinhan Bank Co., Ltd. | Oil/petroleum refinery | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 937,385 | 685,336 |
Securities at fair value through profit or loss | 29,911 | 3,088 |
Securities at fair value through other comprehensive income | 264,343 | 224,894 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 3,881,950 | 3,971,834 |
Off-balance accounts | 2,650,311 | 3,058,516 |
Shinhan Bank Co., Ltd. | Art-related | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 219,859 | 244,036 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 240,055 | 253,666 |
Off-balance accounts | 20,196 | 9,630 |
Shinhan Bank Co., Ltd. | Movie theater | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 86,241 | 95,240 |
Securities at fair value through other comprehensive income | 7,123 | 6,539 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 184,986 | 213,045 |
Off-balance accounts | 91,622 | 111,266 |
Shinhan Bank Co., Ltd. | Clothing manufacturing | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 2,082,545 | 1,763,741 |
Securities at fair value through profit or loss | 3,060 | |
Securities at fair value through other comprehensive income | 10,678 | 9,797 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 3,075,249 | 2,715,303 |
Off-balance accounts | 982,026 | 938,705 |
Shinhan Bank Co., Ltd. | Travel | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 92,152 | 112,647 |
Securities at fair value through profit or loss | 2,737 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 132,830 | 172,818 |
Off-balance accounts | 37,941 | 60,171 |
Shinhan Card Co., Ltd. | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Off-balance accounts | 814,598 | 702,124 |
Shinhan Card Co., Ltd. | Retail | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 911,353 | 782,991 |
Loans at amortized cost from Credit sales | 371,197 | 357,589 |
Loans at amortized cost from Short term card loan | 152,838 | 142,252 |
Loans at amortized cost from Long term card loan | 387,318 | 283,150 |
Off-balance accounts | 814,598 | 702,124 |
Jeju Bank | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 355,943 | 1,413,182 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 363,283 | 1,466,432 |
Off-balance accounts | 7,340 | 53,250 |
Jeju Bank | Airlift passenger | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 0 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 4 | |
Off-balance accounts | 4 | |
Jeju Bank | Lodging | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 295,664 | 599,875 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 301,103 | 620,533 |
Off-balance accounts | 5,439 | 20,658 |
Jeju Bank | Art-related | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 4,161 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 4,322 | |
Off-balance accounts | 161 | |
Jeju Bank | Movie theater | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 596 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 600 | |
Off-balance accounts | 4 | |
Jeju Bank | Retail | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 517,843 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 536,534 | |
Off-balance accounts | 18,691 | |
Jeju Bank | Manufacturing | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 30,095 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 30,658 | |
Off-balance accounts | 563 | |
Jeju Bank | Construction Industry | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 85,640 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 92,740 | |
Off-balance accounts | 7,100 | |
Jeju Bank | Leisure related service industry | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 25,432 | 57,677 |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 26,423 | 58,730 |
Off-balance accounts | 991 | 1,053 |
Jeju Bank | Transportation Business | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 29,679 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 31,782 | |
Off-balance accounts | 2,103 | |
Jeju Bank | Others | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 92,373 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 95,455 | |
Off-balance accounts | ₩ 3,082 | |
Jeju Bank | Bus business | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 7,535 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 7,732 | |
Off-balance accounts | 197 | |
Jeju Bank | Bath business | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 17,089 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 17,627 | |
Off-balance accounts | 538 | |
Jeju Bank | Youth training facilities business | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Loans at amortized cost | 5,466 | |
Risk exposures by major consolidated subsidiaries due to COVID-19 | 5,472 | |
Off-balance accounts | ₩ 6 |
Uncertainty due to changes in_4
Uncertainty due to changes in domestic and global economic conditions - The exposure of the borrowers who applied for moratorium of interest payments and moratorium of repayment in installments by Shinhan Bank (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Shinhan Bank Co., Ltd. [Member] | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Moratorium of interest payments | ₩ 224,449 | ₩ 242,794 |
Moratorium of repayment in installments | 1,342,366 | 1,067,502 |
Moratorium of interest payments and moratorium of repayment in installments | 65,773 | 80,581 |
The exposure of the borrowers who applied for moratorium of interest payments and moratorium of repayment in installments | 1,632,588 | 1,390,877 |
Jeju Bank [Member] | ||
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items] | ||
Moratorium of interest payments | 348 | 629 |
Moratorium of repayment in installments | 276,193 | 328,055 |
The exposure of the borrowers who applied for moratorium of interest payments and moratorium of repayment in installments | ₩ 276,541 | ₩ 328,684 |
Transition effects arising fr_3
Transition effects arising from changes in accounting policies - Difference between the amount of operating lease agreements (Details) - KRW (₩) ₩ in Millions | Jan. 01, 2019 | Dec. 31, 2021 |
Difference Between the Amount of Operating Lease Agreement [Line Items] | ||
Operating lease agreement commitment disclosed as of December 31, 2018 | ₩ 594,161 | |
Lease liabilities recognized at the beginning of 2019 | 612,690 | |
Increase (decrease) through transfers and other changes, property, plant and equipment | 573,823 | |
Increase decrease in prepaid expenses due to changes in right of use assets | 42,196 | |
Increase decrease in unearned revenue due to changes in right of use assets | 5,197 | |
Increase decrease in accrued expenses due to changes in right of use assets | ₩ 17 | |
Increase (decrease) due to changes in accounting policy [member] | ||
Difference Between the Amount of Operating Lease Agreement [Line Items] | ||
Operating lease agreement commitment disclosed as of December 31, 2018 | ₩ 610,080 | |
Amount discounted using the Group's incremental borrowing rate | 591,725 | |
Low-value leases recognized as current expenses through the straight-line method | (3,454) | |
Value-added Tax | (51,429) | |
Lease liabilities recognized at the beginning of 2019 | ₩ 536,842 |
Condensed Shinhan Financial G_3
Condensed Shinhan Financial Group (Parent Company only) Statement of Financial Position (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Investment (at equity) in subsidiaries: | ||||
Financial assets at FVTPL | ₩ 62,403,759 | ₩ 59,091,403 | ||
Derivative assets | 3,799,189 | 5,633,915 | ||
Other assets | ||||
Other | 35,973,754 | 32,194,666 | ||
Total assets | 648,152,185 | 605,234,104 | ||
Liabilities | ||||
Bonds issued | 80,149,363 | 75,134,394 | ||
Derivative liabilities | 3,586,564 | 5,016,567 | ||
Accrued expenses & other liabilities | 40,990,836 | 45,526,213 | ||
Total liabilities | 598,613,763 | 558,877,246 | ||
Equity | ||||
Total equity | 49,538,422 | 46,356,858 | ₩ 41,930,381 | ₩ 36,651,430 |
Total liabilities and equity | 648,152,185 | 605,234,104 | ||
Parent Company only | ||||
Deposits | ||||
Banking subsidiaries | 3,913 | 3 | ||
Other | 41,000 | |||
Receivables from subsidiaries: | ||||
Non-banking subsidiaries | 3,976,059 | 3,218,455 | ||
Investment (at equity) in subsidiaries: | ||||
Banking subsidiaries | 13,797,222 | 13,797,222 | ||
Non-banking subsidiaries | 16,537,819 | 16,157,962 | ||
Financial assets at FVTPL | 1,617,734 | 1,810,867 | ||
Derivative assets | 17,933 | 39,392 | ||
Property, equipment and intangible assets, net | 10,597 | 10,360 | ||
Other assets | ||||
Banking subsidiaries | 326,216 | 260,342 | ||
Non-banking subsidiaries | 468,150 | 173,473 | ||
Other | 19,250 | 15,838 | ||
Total assets | 36,815,893 | 35,483,914 | ||
Liabilities | ||||
Bonds issued | 9,559,553 | 9,920,059 | ||
Derivative liabilities | 6,263 | 22,133 | ||
Accrued expenses & other liabilities | 844,701 | 484,625 | ||
Total liabilities | 10,410,517 | 10,426,817 | ||
Equity | ||||
Total equity | 26,405,376 | 25,057,097 | ||
Total liabilities and equity | ₩ 36,815,893 | ₩ 35,483,914 |
Condensed Shinhan Financial G_4
Condensed Shinhan Financial Group (Parent Company only) Statement of Income (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Expenses | |||
Interest expense | ₩ (3,954,905) | ₩ (4,891,296) | ₩ (5,969,398) |
Profit before income taxes | 5,583,664 | 4,753,871 | 4,911,508 |
Income tax expense | 1,471,036 | 1,255,795 | 1,269,124 |
Profit for the year | 4,112,628 | 3,498,076 | 3,642,384 |
Parent Company only | |||
Income | |||
Dividends from banking subsidiaries | 772,420 | 892,420 | 892,310 |
Dividends from non-banking subsidiaries | 807,803 | 495,110 | 428,634 |
Interest income from banking subsidiaries | 173 | 194 | 263 |
Interest income from non-banking subsidiaries | 75,013 | 68,914 | 38,968 |
Other income | 235,746 | 268,784 | 125,324 |
Total income | 1,891,155 | 1,725,422 | 1,485,499 |
Expenses | |||
Interest expense | (210,535) | (231,205) | (206,815) |
Other expense | (259,188) | (216,708) | (147,589) |
Total expenses | (469,723) | (447,913) | (354,404) |
Profit before income taxes | 1,421,432 | 1,277,509 | 1,131,095 |
Income tax expense | 7,476 | 3,066 | 1,922 |
Profit for the year | ₩ 1,413,956 | ₩ 1,274,443 | ₩ 1,129,173 |
Condensed Shinhan Financial G_5
Condensed Shinhan Financial Group (Parent Company only) Statement of Cash Flows (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities | |||
Profit before income taxes | ₩ 5,583,664 | ₩ 4,753,871 | ₩ 4,911,508 |
Net interest paid | (4,114,027) | (5,267,781) | (5,793,865) |
Dividend received from subsidiaries | 100,936 | 80,728 | 35,716 |
Income tax paid | 1,149,965 | 1,184,910 | 1,130,148 |
Net cash provided by operating activities | 11,080,115 | (4,409,317) | 7,179,046 |
Cash flows from investing activities | |||
Acquisition of subsidiary | 0 | (73,081) | (2,246,932) |
Net cash used in investing activities | (12,030,510) | (3,025,926) | (22,687,867) |
Cash flows from financing activities | |||
Issuance of convertible preferred shares | 0 | 0 | 747,791 |
Issuance of hybrid bonds | 1,154,597 | 448,698 | 199,476 |
Net changes in borrowings | 849,212 | 7,465,106 | 5,017,269 |
Issuance of debt securities issued | 28,561,082 | 21,480,455 | 31,083,390 |
Repayments of debt securities issued | (24,143,252) | (21,508,827) | (19,881,717) |
Dividends paid | (1,218,761) | (968,847) | (830,772) |
Acquisition of treasury stock | (79) | (150,182) | (444,077) |
Payment of stock issuance costs | 105 | 0 | 0 |
Redemption of lease liabilities | (275,273) | (781,867) | (269,362) |
Net cash provided by financing activities | 4,961,745 | 7,880,569 | 15,878,811 |
Effect of exchange rate changes on cash and cash equivalents held | 109,553 | (61,518) | 29,428 |
Increase (decrease) in cash and cash equivalents | 4,120,903 | 383,808 | 399,418 |
Cash and cash equivalents at beginning of year | 8,962,982 | 8,579,174 | 8,179,756 |
Cash and cash equivalents at end of year | 13,083,885 | 8,962,982 | 8,579,174 |
Parent Company only | |||
Cash flows from operating activities | |||
Profit before income taxes | 1,421,432 | 1,277,509 | 1,131,095 |
Non-cash items included in profit before tax | (1,456,374) | (1,313,967) | (1,164,022) |
Changes in operating assets and liabilities | 605,089 | (1,272,738) | 1,475,702 |
Net interest paid | (134,269) | (165,570) | (154,765) |
Dividend received from subsidiaries | 1,578,920 | 1,386,843 | 1,320,944 |
Income tax paid | (1,102) | (194) | |
Net cash provided by operating activities | 2,013,696 | (87,923) | 2,608,760 |
Cash flows from investing activities | |||
Net loan origination to non-banking subsidiaries | (649,384) | (1,073,657) | (575,936) |
Acquisition of subsidiary | (379,857) | (73,335) | (2,977,196) |
Other, net | (452,672) | (100,875) | (660) |
Net cash used in investing activities | (1,481,913) | (1,247,867) | (3,553,792) |
Cash flows from financing activities | |||
Issuance of common stocks | 0 | 1,154,347 | |
Issuance of convertible preferred shares | 0 | 747,791 | |
Issuance of hybrid bonds | 1,154,597 | 448,699 | 199,476 |
Net changes in borrowings | 0 | (125,000) | |
Issuance of debt securities issued | 1,428,704 | 2,240,581 | 3,194,764 |
Repayments of debt securities issued | (1,890,000) | (1,384,000) | (1,844,000) |
Dividends paid | (1,218,761) | (968,847) | (830,772) |
Acquisition of treasury stock | (79) | (150,448) | (444,077) |
Disposition of and incineration cost of treasury stock | 0 | (3,033) | |
Payment of stock issuance costs | (605) | ||
Redemption of lease liabilities | (1,701) | (1,673) | (1,614) |
Net cash provided by financing activities | (527,845) | 1,335,626 | 896,568 |
Effect of exchange rate changes on cash and cash equivalents held | 23 | ||
Increase (decrease) in cash and cash equivalents | 3,961 | (164) | (48,464) |
Cash and cash equivalents at beginning of year | 0 | 164 | 48,628 |
Cash and cash equivalents at end of year | ₩ 3,961 | ₩ 0 | ₩ 164 |