# Shinhan Bank

> Source: https://docs.barcoder.ai/docs/wallets/shinhan-bank
> research date 2026-05-31 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Shinhan — official](https://www.shinhan.com/)

## Overview

**Shinhan Bank** is **Korean commercial bank** + **Shinhan Financial Group KRX: 055550 + NYSE: SHG Korean financial group parent** + **Korea's largest commercial bank by assets** + **~30M+ Korean customers + global operations 15+ countries** <sup>[1][1], [Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup>.

## History

**Jul 7 1982 — Shinhan Bank founded by Korean-Japanese investors as Korea's first private commercial bank post-1970s Korean banking deregulation** distinctive Korean banking heritage.

**2003 — Shinhan Financial Group acquires Chohung Bank (merged into Shinhan Bank 2006)** distinctive Korean banking M&A.

**2010 — Shinhan SOL mobile banking app launch**.

## Ownership & operator

**Operating entity**: **Shinhan Bank** (Korean commercial bank; Shinhan Financial Group parent).

**Major shareholders**: **Shinhan Financial Group (KRX: 055550 + NYSE: SHG; Korean financial group; National Pension Service of Korea ~8%+ major + BlackRock ~6%+ + Korean retail + institutional + foreign investors free float)**.

**Regulators**: **FSS Korea + BoK + national regulators across 15+ countries**.

## Technical integration

Shinhan SOL mobile app (iOS + Android; ~30M+ Korean customers) + shinhan.com online + Shinhan Bank branch network across Korea + 15+ countries global operations + Shinhan Visa + Mastercard + JCB cards; KR IBAN + KR ZeroAPY.

## Implementations & partners

**Shinhan Financial Group parent**: Shinhan Financial Group (Shinhan Financial Group; KRX: 055550 + NYSE: SHG; Korean financial group; Shinhan Bank + Shinhan Card + Shinhan Investment + Shinhan Life parent).

**Major Korean banking + payments competitors**: [KB Kookmin Bank](https://docs.barcoder.ai/docs/wallets/kb-kookmin-bank) (KB Kookmin Bank; KRX: 105560; Korea's #2 commercial bank by assets; KB Financial Group parent) + [Woori Bank (Woori WON Banking + Woori WON Wallet)](https://docs.barcoder.ai/docs/wallets/woori-bank) (Woori Bank; KRX: 316140; Korea's #3 commercial bank by assets; Woori Financial Group parent) + [Hana Bank (KEB Hana / Hana Won-Q + Hana EZ)](https://docs.barcoder.ai/docs/wallets/hana-bank) (Hana Bank; KRX: 086790; Korea's #4 commercial bank by assets; Hana Financial Group parent) + [NH NongHyup Bank](https://docs.barcoder.ai/docs/wallets/nh-nonghyup-bank) (NH NongHyup Bank; Korean Agricultural Cooperative Federation NACF bank) + [IBK Industrial Bank of Korea](https://docs.barcoder.ai/docs/wallets/ibk) (IBK Industrial Bank of Korea; KRX: 024110; Korean federal SME-focused commercial bank) + [KakaoBank](https://docs.barcoder.ai/docs/wallets/kakaobank) (Kakao Bank; KRX: 323410; Korea's largest digital bank; ~22M+ Korean customers) + [Toss Bank](https://docs.barcoder.ai/docs/wallets/toss-bank) (Toss Bank; Korean digital bank; Viva Republica Korean unicorn parent) + [K Bank Korea](https://docs.barcoder.ai/docs/wallets/k-bank-korea) (K Bank; Korea's first digital bank; KT Corporation Korean telecom + other consortium parent) + [KakaoPay](https://docs.barcoder.ai/docs/wallets/kakaopay) (KakaoPay; KRX: 377300; Korean mobile wallet; ~37M+ Korean users) + [Toss](https://docs.barcoder.ai/docs/wallets/toss) (Toss; Korean super-app mobile wallet; Viva Republica) + [Naver Pay](https://docs.barcoder.ai/docs/wallets/naver-pay) (Naver Pay; Korean mobile wallet; Naver Korean internet conglomerate; ~30M+ users) + [Samsung Pay (Samsung Wallet)](https://docs.barcoder.ai/docs/wallets/samsung-pay) (Samsung Pay; Korean mobile wallet; Samsung Electronics).

**Regulators**: FSS Korea + BoK + national regulators across 15+ countries.

## Status

**Active, Korean commercial bank + Shinhan Financial Group KRX:055550 + NYSE:SHG Korean financial group parent + Korea's largest commercial bank by assets + ~30M+ Korean customers + global operations 15+ countries** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.shinhan.com/ "Shinhan — official"
[2]: https://en.wikipedia.org/wiki/Shinhan_Bank "Shinhan Bank — Wikipedia"
[kr-cro]: https://docs.barcoder.ai/docs/payments/KR

- [1] [Shinhan — official][1]
- [2] [Shinhan Bank — Wikipedia][2]
- <sup>[Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup> In-corpus: `reports/countries/KR-korea.md`

## Source

Biography extracted from [shinhan-bank.md](https://docs.barcoder.ai/source/wallets/shinhan-bank). See `matrix.md` for standards-support matrix if present.