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February 11, 2016 4:11 AM ET

Consumer Finance

Company Overview of Shinhan Card Co., Ltd.

Company Overview

Shinhan Card Co., Ltd., a credit finance company, offers various credit cards and installment finance services in South Korea. It offers credit loans that enable individuals, corporations, or public institutions to pay for goods or services within certain credit limit through credit cards; cash advance services; installment products for the payment of goods and services that customers cannot afford to pay in lump sum; credit card and disaster loans; and automobile finance leasing services. The company also provides various cards, including VIP cards, check cards, gift/prepaid cards, retail reward cards, culture/entertainment cards, gas/automobile cards, airline/travel/golf cards, financial r...

Post Tower

Chungmuro 1-Ga

Sogong-ro

Jung-gu

Seoul,  100-709

South Korea

Founded in 1985

Key Executives for Shinhan Card Co., Ltd.

Chief Executive Officer, President and Director
Age: 64
Vice President and Head of Marketing Division
Age: 57
Managing Director and Head of Human Resources
Age: 54
Vice President and Head of Business Planning Division
Age: 58
Vice President and Head of Business division
Age: 60
Compensation as of Fiscal Year 2015.

Shinhan Card Co., Ltd. Key Developments

Shinhan Card Resolves to Pay Cash Dividends for the Fiscal Year of 2015; Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2015

On February 4, 2016, the Board of Directors of Shinhan Card resolved to pay cash dividends of KRW 900 billion or KRW 7,179 per common share for the fiscal year of 2015, subject to the shareholders' approval. The company announced consolidated earnings results for the fourth quarter and full year of 2015. For the quarter, the company's revenue was KRW 1,140,344 million compared with KRW 1,216,746 million a year ago. Operating income was KRW 221,470 million compared with KRW 163,446 million a year ago. Income before income taxes was KRW 219,770 million compared with KRW 167,044 million a year ago. Net income was KRW 173,226 million compared with KRW 127,400 million a year ago. For the year, the company's revenue was KRW 4,740,140 million compared with KRW 4,596,758 million a year ago. Operating income was KRW 880,155 million compared with KRW 824,201 million a year ago. Income before income taxes was KRW 878,070 million compared with KRW 822,037 million a year ago. Net income was KRW 694,774 million compared with KRW 635,151 million a year ago.

Shinhan Card Announces Consolidated Earnings Results for the Third Quarter and Nine Months of 2015

Shinhan Card announced consolidated earnings results for the third quarter and nine months of 2015. For the quarter, the company reported revenue of KRW 1,310,449 million compared to KRW 1,196,421 million a year ago. Operating income was KRW 217,880 million compared to KRW 254,223 million a year ago. Income before income taxes was KRW 217,888 million compared to KRW 253,762 million a year ago. Net income attributable to controlling interest was KRW 169,743 million compared to KRW 197,270 million a year ago. For the nine months, the company reported revenue of KRW 3,599,796 million compared to KRW 2,289,347 million a year ago. Operating income was KRW 658,685 million compared to KRW 440,805 million a year ago. Income before income taxes was KRW 658,300 million compared to KRW 440,412 million a year ago. Net income attributable to controlling interest was KRW 521,548 million compared to KRW 351,805 million a year ago.

Shinhan Card To Buy 50% Stake In Swadharma Indotama

Shinhan Card Co., Ltd. will sign a deal next week to buy 50% stake in PT Swadharma Indotama Finance. 'We will sign a deal next week in Jakarta to buy a 50% stake plus a share in Swadharma Indotama Finance from Indonesia's Salim Group for a bit more than 10 billion won ($8.4 million),' a Shinhan Card spokesman said. Shinhan Card plans to hold a board meeting on August 21, 2015 to approve the acquisition, with a signing ceremony scheduled on August 26, 2015.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 26, 2015
PT Swadharma Indotama Finance
 

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