Shareholders of Shinhan Financial Group approved the reappointment of Jin Ok-dong as chairman at the group's annual general meeting on 26 March 2026, extending his mandate for a second three-year term that will run through 2029. The decision confirmed Jin in the role he has held since his initial appointment in March 2023.
Under Jin's first term, Shinhan reinforced its position as South Korea's second-largest financial group. The group posted record annual net profits in 2024 and 2025, and became the first Korean banking group to earn more than 1 trillion won in pre-tax profit from global operations. Jin's tenure also saw the Shinhan Value-up Project, and the group reached its 50 per cent shareholder-return target ahead of schedule in 2025.
SHAREHOLDER RETURNS AND BOARD CHANGES
The meeting also approved a 9.87 trillion won reduction in capital reserves, transferring the funds to retained earnings for future shareholder payouts; dividends funded from capital reserve reductions receive favourable tax treatment at 15.4 per cent.
Shareholders also approved two new outside directors, former Standard Chartered Bank Korea chief executive Park Jong-bok and Kookmin University management professor Lim Seung-yeon, and reappointed five incumbent outside directors.
SECOND-TERM PRIORITIES
For his second term, Jin pledged to strengthen execution in artificial intelligence and digital assets while keeping the focus on wealth management and global operations.
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