Shinhan Financial Group Co., Ltd. filed a Form 6-K on October 27, 2026, announcing that its board of directors resolved to cancel treasury shares to be acquired, with an estimated cancellation amount of KRW 450,000,000,000.

Key Highlights

  • Shares targeted for cancellation: 5,263,157 common shares, with no preferred shares included.
  • Estimated cancellation amount: KRW 450,000,000,000.
  • Acquisition period: October 28, 2026 through January 26, 2027, via purchase on the Korea Stock Exchange (KRX).
  • Share count basis: The 5,263,157 figure was calculated by dividing KRW 450,000,000,000 by the October 26, 2026 closing price of KRW 85,500 per share.
  • Total common shares issued: 469,450,239 as reported in the filing.
  • Capital unchanged: According to the filing, "the total capital amount will not change due to the share cancellation."
  • Board resolution date: October 27, 2026; the scheduled cancellation date is stated as "to be determined."

Shinhan Financial Group Board Approves Treasury Share Cancellation Program

According to the Form 6-K filed with the U.S. Securities and Exchange Commission, the board of directors of Shinhan Financial Group Co., Ltd. (NYSE:SHG) resolved on October 27, 2026 to cancel treasury shares to be acquired over a scheduled period running from October 28, 2026 to January 26, 2027. The company disclosed that the shares will be purchased on the Korea Stock Exchange (KRX) and subsequently cancelled.

The filing states that the estimated number of shares to be cancelled, 5,263,157 common shares, was derived by dividing the estimated cancellation amount of KRW 450,000,000,000 by the closing price of SFG common shares on October 26, 2026, which was KRW 85,500. The company noted that "the actual number of shares to be cancelled and cancellation amount may vary depending on changes in the share price during the acquisition period," and that the final number will be disclosed in a Form 6-K/A filing prior to the cancellation.

The filing identifies the legal basis for the cancellation as "Paragraph 1 of Article 343 of the Korean Commercial Code," and specifies that the shares are "to be acquired within the limits of profits available for dividends." The face value per share is stated as KRW 5,000. The filing was signed by JANG Jeong Hoon, Chief Financial Officer of Shinhan Financial Group Co., Ltd., and references a separate Form 6-K announcement filed on the same date regarding the treasury share acquisition details.

What Was Disclosed

Shinhan Financial Group disclosed a board resolution to cancel up to 5,263,157 common shares at an estimated value of KRW 450,000,000,000, to be acquired on the KRX between October 28, 2026 and January 26, 2027, with the cancellation date yet to be determined.