February 27, 2015 8:20 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: 63
Vice President and Head of Marketing Division
Age: 56
Managing Director and Head of Human Resources
Age: 53
Vice President and Head of Business Planning Division
Age: 57
Vice President and Head of Business division
Age: 59
Compensation as of Fiscal Year 2014.

Shinhan Card Co., Ltd. Key Developments

Shinhan Card Proposes Revision to Articles of Incorporation

Shinhan Card proposed at its AGM to be held on March 26, 2015, the shareholders to consider the approval of revision to articles of incorporation of the company.

Shinhan Card Resolves to Pay Cash Dividends for the Fiscal Year of 2014

On February 4, 2015, the Board of Directors of Shinhan Card resolved to pay cash dividends of KRW 550 billion or KRW 4,388 per common share for the fiscal year of 2014, subject to the shareholders' approval.

Shinhan Card Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Shinhan Card Co., Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of KRW 1,216,746 million, operating income of KRW 163,446 million, income before taxes of KRW 167,044 million, net income of KRW 127,400 million and net income attributable to controlling interest of KRW 127,400 million compared to revenue of KRW 1,145,461 million, operating income of KRW 167,221 million, income before taxes of KRW 161,777 million, net income of KRW 123,319 million and net income attributable to controlling interest of KRW 123,319 million a year ago. For the full year, the company reported revenue of KRW 4,596,758 million, operating income of KRW 824,201 million, income before taxes of KRW 822,037 million, net income of KRW 635,151 million and net income attributable to controlling interest of KRW 635,151 million compared to revenue of KRW 4,614,563 million, operating income of KRW 857,380 million, income before taxes of KRW 850,802 million, net income of KRW 658,074 million and net income attributable to controlling interest of KRW 658,074 million a year ago. The company's 2014 net income which might seem like a 3.5% drop year on year, but excluding the KRW 68.4 billion of National Happiness Fund, that disposal gains of the previous year, credit cards' recurring net income slightly increased compared to the previous year.

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