JWU Student Blogs

Shinhan Bank

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After 3 1/2 weeks in South Korea we finally got to visit Shinhan Bank. When we arrived we were greeted by 2 gentlemen that walked us through the history of their company and the products that they offer. Shinhan Bank, together with its subsidiaries, provides a range of commercial and other banking services to retail and corporate customers in Korea and internationally. It offers corporate banking and treasury services to corporations, including small or medium sized companies and businesses related to investment banking; internal asset and liability management; trading of securities and derivatives; and investment portfolio management and other related activities.

The company also provides retail banking services to individual customers, wealth management customers, and institutions, such as hospitals, airports, and schools. In addition, it engages in international bank services, as well as administration of bank operations and merchant banking account. The company’s product portfolio includes various deposit products, such as saving accounts, time deposits, and installment accounts; loans, including mortgage and personal credit loans; investment options; foreign exchange; and retirement pension products, as well as Internet banking, ATMs, and fee based services. As of December 31, 2012, Shinhan Bank operated 846 branches, 103 depositary offices, 23 premises, and 7 overseas branches. The company was founded in 1897, is based in Seoul, South Korea and is a subsidiary of Shinhan Financial Group Co., Ltd.

After our meeting we could tell that Shinhan Bank has a very solid background and continues to work for their customers to offer the best banking services possible. It is clear that they will continue to grow and set an example for the banking industry so to remember the occasion we took picture with one of the gentleman that gave the presentation.

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