August 24, 2017 1:26 AM ET

Consumer Finance

Company Overview of Shinhan Card Co., Ltd.

Company Overview

Shinhan Card Co., Ltd., a credit finance company, provides various credit cards and installment finance services in South Korea. The company 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. It also provides check and corporate cards; and Tops Club, a special reward service for the priority customers of SFG. The company was incorporated in 1985 and is based in Seoul, South Korea. Sh...

Post Tower 70

Sogong-ro

Jung-gu

Seoul,  04535

South Korea

Founded in 1985

Key Executives for Shinhan Card Co., Ltd.

CEO, President & Director
Age: 57
VP & Head of Management Support Division
Age: 55
MD & CRO
Age: 54
Head of Alliance Sales Division
Age: 52
Head of Central District
Age: 53
Compensation as of Fiscal Year 2017.

Shinhan Card Co., Ltd. Key Developments

Shinhan Card Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Shinhan Card announced consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenues of KRW 1,160,957 million compared with KRW 1,139,002 million for the same period a year ago. Operating income was KRW 297,669 million compared with KRW 267,922 million for the same period a year ago. Income before income taxes was KRW 296,468 million compared with KRW 267,359 million for the same period a year ago. Net income was KRW 228,318 million compared with KRW 206,283 million for the same period a year ago. Net income attributable to controlling interest was KRW 229,385 million compared with KRW 206,347 million for the same period a year ago. For the six months, the company reported revenues of KRW 2,703,426 million compared with KRW 2,270,110 million for the same period a year ago. Operating income was KRW 827,780 million compared with KRW 457,890 million for the same period a year ago. Income before income taxes was KRW 823,041 million compared with KRW 456,602 million for the same period a year ago. Net income was KRW 629,706 million compared with KRW 355,167 million for the same period a year ago. Net income attributable to controlling interest was KRW 631,177 million compared with KRW 355,185 million for the same period a year ago.

Shinhan Card Announces Consolidated Earnings Results for the First Quarter of 2017

Shinhan Card announced consolidated earnings results for the first quarter of 2017. For the quarter, the company reported revenue of KRW 1,542,469 million against KRW 1,131,108 million a year ago. Operating income was KRW 530,111 million against KRW 189,968 million a year ago. Income before income taxes was KRW 526,573 million against KRW 189,243 million a year ago. Net income was KRW 401,388 million against KRW 148,884 million a year ago. Net income attributable to controlling interest was KRW 401,792 million against KRW 148,838 million a year ago.

Shinhan Card Co., Ltd. Announces Audited Consolidated and Separate Company Earnings Results for the Full Year Ended December 31, 2016

Shinhan Card Co., Ltd. announced audited consolidated and separate company earnings results for the full year ended December 31, 2016. For the year, on consolidated basis, the company reported interest income of KRW 1,879,317 million compared with KRW 1,797,344 million a year ago. Net interest income was KRW 1,484,697 million compared with KRW 1,350,968 million a year ago. Operating income was KRW 919,931 million compared with KRW 880,155 million a year ago. Income before income taxes was KRW 910,887 million compared with KRW 878,070 million a year ago. Profit for the year was KRW 707,344 million compared with KRW 694,774 million a year ago. Profit attributable to owners of the group was KRW 715,867 million or KRW 5,710 per basic and diluted share compared to KRW 694,774 million or KRW 5,542 per basic and diluted share a year ago. Net cash used in operating activities was KRW 247,769 million compared to KRW 252,977 million a year ago. Acquisition of property and equipment was KRW 11,708 million compared to KRW 13,654 million a year ago. Acquisition of intangible assets was KRW 24,847 million compared to KRW 16,222 million a year ago. For the year, on separate company basis, the company reported interest income of KRW 1,860,375 million compared with KRW 1,789,633 million a year ago. Net interest income was KRW 1,473,064 million compared with KRW 1,343,595 million a year ago. Operating income was KRW 942,609 million compared with KRW 877,664 million a year ago. Profit before income taxes was KRW 938,489 million compared with KRW 875,579 million a year ago. Profit for the year was KRW 727,942 million compared with KRW 692,815 million a year ago. Basic earnings per share was KRW 5,806 compared to or KRW 5,526 per basic share a year ago. Net cash used in operating activities was KRW 249,514 million compared to KRW 363,289 million a year ago. Acquisition of property and equipment was KRW 9,925 million compared to KRW 13,597 million a year ago. Acquisition of intangible assets was KRW 24,828 million compared to KRW 16,196 million a year ago.

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