SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of December 2004
SHINHAN FINANCIAL GROUP CO., LTD.
(Translation of registrant's name into English)
120, 2-Ga, Taepyung-Ro, Jung-Gu, Seoul 100-102, Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): _______
Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes _______ No ___X___
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_______.
SMALL-SCALE SHARE SWAP WITH GOOD MORNING SHINHAN SECURITIES
The small-scale share swap between Shinhan Financial Group ("SFG") and Good
Morning Shinhan Securities ("GMSH"), our brokerage arm, was completed on
December 23, 2004. Newly issued SFG common stock resulting from the share swap
was scheduled to be traded in the Korea Stock Exchange starting on January 7,
2005. Previous GMSH shareholders whose shares were exchanged by SFG common
shares became shareholders of Shinhan Financial Group on December 23, 2004 and
therefore, they are entitled to receive dividends for the fiscal year 2004. The
dividend rate will be determined at our general shareholders' meeting to be held
in March 2005.
SALE OF SSANGYONG MOTORS' COMMON SHARES BY CHOHUNG BANK
On December 27, 2004, creditor banks (including Chohung Bank) of Ssangyong
Motors agreed on the termination of the Joint Workout for Ssangyong Motors. The
termination date is expected to be January 27, 2005, on which the stock purchase
agreement between Shanghai Automotive Group Co., Ltd and creditor banks is
scheduled to be executed. Pursuant to the stock purchase agreement, Chohung Bank
will sell 12,200,216 shares or 10.10% of Ssangyong Motors' common stock to
Shanghai Automotive Group for KRW 10,000 per share or for an aggregate selling
price of approximately KRW 122 billion. With this transaction, Chohung Bank's
equity ownership in Ssangyong Motors will decrease to 0%.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SHINHAN FINANCIAL GROUP CO., LTD.
By /s/ Byung Jae Cho
------------------------------------
Name: Byung Jae Cho
Title: Chief Financial Officer
Date: December 28, 2004