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May 25, 2015 1:50 PM 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



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 Reports Consolidated Earnings Results for the First Quarter of 2015

Shinhan Card reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of KRW 1,092,926 million against KRW 1,096,264 million a year ago. Operating income was KRW 186,582 million against KRW 195,091 million a year ago. Income before income taxes was KRW 186,650 million against KRW 184,487 million a year ago. Net income attributable to the company was KRW 154,535 million against KRW 141,158 million a year ago. Year on year interest income related to installment credit purchase and cash advances decreased and SG&A increased due to new employee recruitment and contribution to internal labor welfare fund.

Shinhan Card Appoints Jae Ho Sung as an Outside Director; Approves Cash Dividend for the Year 2014

Shinhan Card Co., Ltd. announced that at AGM held on March 26, 2015, the shareholders approved the appointment of Jae Ho Sung as an outside director. The shareholders also approved cash dividend of KRW 550 billion or KRW 4,388 per common share for the fiscal year of 2014.

Shinhan Card Co., Ltd. Reports Audited Earnings Results for the Year Ended December 31, 2014

Shinhan Card Co., Ltd. reported audited earnings results for the year ended December 31, 2014. For the year, the company's operating income was KRW 4,596,758 million compared to KRW 4,614,563 million a year ago. Net income was KRW 635,151 million compared to KRW 658,074 million a year ago.

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