June 22, 2018 11:37 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.

President & CEO
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 Co., Ltd. Announces Consolidated Earnings Results for the First Quarter 2018

Shinhan Card Co., Ltd. announced consolidated earnings results for the first quarter 2018. For the quarter, the company reported revenue of KRW 1,158,076 million against KRW 1,542,469 million for the same period in the last year. Operating income was KRW 195,870 million against KRW 530,111 million for the same period in the last year. Income before income taxes was KRW 191,316 million against KRW 526,573 million for the same period in the last year. Net income was KRW 138,254 million against KRW 401,388 million for the same period in the last year. Net income attributable to controlling interest was KRW 139,105 million against KRW 401,792 million for the same period in the last year.

Shinhan Card Co., Ltd. Announces Audited Consolidated and Separate Earnings Results for the Year Ended December 31, 2017

Shinhan Card Co., Ltd. announced audited consolidated and separate earnings results for the year ended December 31, 2017. For the year, on consolidated basis, the company reported interest income of KRW 1,880,908 million against KRW 1,879,317 million for the same period a year ago. Net interest income was KRW 1,501,054 million against KRW 1,484,697 million for the same period a year ago. Operating income was KRW 1,163,126 million against KRW 919,931 million for the same period a year ago. Profit before income tax was KRW 1,148,170 million against KRW 910,887 million for the same period a year ago. Profit for the year was KRW 898,723 million against KRW 707,344 million for the same period a year ago. Profit attributable to owners of the company was KRW 913,791 million against KRW 715,867 million for the same period a year ago. Net cash used in operating activities was KRW 1,497,451 million against KRW 247,769 million for the same period a year ago. Acquisition of property and equipment was KRW 25,569 million against KRW 11,708 million for the same period a year ago. Acquisition of intangible assets was KRW 13,706 million against KRW 24,847 million for the same period a year ago. Basic and diluted earnings per share were KRW 7,289 against KRW 5,710 for the same period a year ago. For the year, on separate basis, the company reported interest income of KRW 1,858,123 million against KRW 1,860,375 million for the same period a year ago. Net interest income was KRW 1,487,281 million against KRW 1,473,064 million for the same period a year ago. Operating income was KRW 1,187,550 million against KRW 942,609 million for the same period a year ago. Profit before income tax was KRW 1,170,087 million against KRW 938,489 million for the same period a year ago. Profit for the year was KRW 925,975 million against KRW 727,942 million for the same period a year ago. Net cash used in operating activities was KRW 1,607,127 million against KRW 249,514 million for the same period a year ago. Acquisition of property and equipment was KRW 23,626 million against KRW 9,925 million for the same period a year ago. Acquisition of intangible assets was KRW 13,695 million against KRW 24,828 million for the same period a year ago. Basic and diluted earnings per share were KRW 7,386 against KRW 5,806 for the same period a year ago.

Shinhan Card Resolves to Pay Cash Dividend for the Fiscal Year of 2017

On February 7, 2018, the Board of Directors of Shinhan Card resolved to pay cash dividends of KRW 600 billion or KRW 4,786 per common share for the fiscal year of 2017, subject to the shareholders' approval.

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