Shinhan Financial (SHG) 20-F 28 Apr 21 2020 FY Annual report (foreign) Financial data

Document and entity information

Document and entity information	12 Months Ended
	Dec. 31, 2020shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	SHINHAN FINANCIAL GROUP CO LTD
Entity Central Index Key	0001263043
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	515,894,758
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Annual Report	true
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
ICFR Auditor Attestation Flag	true
ADS [Member]
Document Information [Line Items]
Trading Symbol	SHG
Security 12b Title	American Depositary Shares
Security Exchange Name	NYSE
Common stocks [Member]
Document Information [Line Items]
Trading Symbol	SHG
Security 12b Title	Common stock, par value Won 5,000 per share
Security Exchange Name	NYSE

Consolidated Statements of Fina

Consolidated Statements of Financial Position - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks at amortized cost (Notes 4, 8 and 19)		₩ 33,410,542	₩ 28,423,744
Financial assets at fair value through profit or loss (Notes 4, 9 and 19)		59,091,403	53,163,143
Derivative assets (Notes 4 and 10)		5,633,915	2,829,274
Securities at fair value through other comprehensive income (Notes 4, 11 and 19)		58,316,112	59,381,053
Securities at amortized cost (Notes 4, 11 and 19)		47,282,623	45,582,065
Loans at amortized cost (Notes 4, 12 and 19)		356,221,519	323,244,979
Property and equipment (Notes 13, 18 and 19)		3,989,697	4,083,328
Intangible assets (Notes 14)		5,480,619	5,558,714
Investments in associates (Note 15)		2,657,768	1,452,861
Current tax receivable		51,894	88,433
Deferred tax assets (Note 41)		215,345	218,254
Investment property (Note 16)		615,235	488,610
Defined benefit assets (Note 25)		18,374	1,682
Other assets (Notes 4 and 17)		32,194,666	27,878,281
Assets held for sale		54,392	25,160
Total assets		605,234,104	552,419,581
Liabilities
Deposits (Notes 4 and 20)		326,416,868	294,874,256
Financial liabilities at fair value through profit or loss (Notes 4 and 21)		1,436,694	1,632,457
Financial liabilities designated at fair value through profit or loss (Notes 4 and 22)	[1]	8,455,724	9,409,456
Derivative liabilities (Notes 4 and 10)		5,016,567	2,303,012
Borrowings (Notes 4 and 23)		41,594,064	34,863,156
Debt securities issued (Notes 4 and 24)		75,134,394	75,363,364
Defined benefit liabilities (Note 25)		62,514	121,140
Provisions (Note 26)		804,736	557,024
Current tax payable		389,586	512,757
Deferred tax liabilities (Note 41)		579,656	451,603
Liabilities under insurance contracts (Note 27)		53,460,230	52,163,417
Other liabilities (Notes 4 and 28)		45,526,213	38,237,558
Total liabilities		558,877,246	510,489,200
Equity (Note 29)
Capital stock		2,969,641	2,732,463
Hybrid bonds		2,179,934	1,731,235
Capital surplus		12,234,939	10,565,353
Capital adjustments		(687,935)	(1,116,770)
Accumulated other comprehensive loss		(404,181)	(260,156)
Retained earnings	[2],[3],[4]	27,777,169	25,525,821
Total equity attributable to equity holders of Shinhan Financial Group Co., Ltd.		44,069,567	39,177,946
Non-controlling interests	[5],[6]	2,287,291	2,752,435
Total equity		46,356,858	41,930,381
Total liabilities and equity		₩ 605,234,104	₩ 552,419,581
[1]	The Group designated the financial liabilities at the initial recognition(or subsequently) in accordance with paragraph 6.7.1 of IFRS 9 as financial liabilities at fair value through profit or loss.
[2]	As of December 31, 2019 and 2020, profits reserved by the Group as of Article 53 of the Financial Holding Companies Act amounted to W2,191,677 million and W2,304,595 million, respectively.
[3]	As of December 31, 2019 and 2020, the regulatory reserves for loan losses the Group appropriated in retained earnings are W8,728 million and W11,988 million, respectively.
[4]	As of December 31, 2020, profit dividends within retained earnings of subsidiaries of the Group subject to a restricted dividend in accordance with laws, etc. are amounted to W6,824,002 million.
[5]	As of December 31, 2019 and 2020, the total amounts of hybrid bonds that Shinhan Bank, Jeju Bank and Shinhan Capital have recognized as non-controlling interests are W1,147,635 million and W2,035,762 million, respectively. And, for the years ended December 31, 2019 and 2020, the amounts of dividends paid for the hybrid bonds by Shinhan Bank, Jeju Bank, and Shinhan Capital, W36,729 million and W54,619 million, respectively, are allocated to profit attributed to non-controlling interest.
[6]	The non-controlling interest of W1,330,337 million decreased due to taking over for Orange Life Insurance Co.,Ltd. for the year ended December 31, 2020.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest income
Financial assets at fair value through other comprehensive income and at amortized cost		₩ 13,943,159	₩ 14,878,516	₩ 12,891,850
Financial assets at fair value through profit or loss		830,837	828,846	680,606
Interest income		14,773,996	15,707,362	13,572,456
Interest expense		(4,891,296)	(5,969,398)	(4,992,367)
Net interest income (Note 31)		9,882,700	9,737,964	8,580,089
Net fees and commission income
Fees and commission income		3,814,474	3,557,013	3,295,256
Fees and commission expense		(1,431,541)	(1,416,494)	(1,356,259)
Net fees and commission income (Note 32)		2,382,933	2,140,519	1,938,997
Net insurance loss
Insurance income		7,247,753	7,569,425	4,398,738
Insurance expenses		(7,851,685)	(8,066,351)	(4,870,437)
Net insurance loss (Note 27)		(603,932)	(496,926)	(471,699)
Dividend income (Note 33)		97,956	82,158	87,826
Net gain on financial instruments at fair value through profit or loss (Note 34)		272,830	1,385,482	420,026
Net gain (loss) on financial instruments at fair value through profit or loss (overlay approach) (Note 9)		(136,255)	(247,585)	74,944
Net gain (loss) on financial instruments designated at fair value through profit or loss (Note 35)		198,239	(846,046)	(26,643)
Net foreign currency transaction gain		526,615	440,948	194,136
Net gain on disposal of financial asset at fair value through other comprehensive income (Note 11)		273,793	152,278	20,554
Net gain (loss) on disposal of securities at amortized cost (Note 11)		(25)	66	(9)
Provision for allowance for credit loss (Note 36)		(1,382,179)	(980,692)	(747,877)
General and administrative expense (Note 37)		(5,212,473)	(5,134,674)	(4,741,575)
Other operating expenses, net (Note 39)		(1,370,466)	(1,187,242)	(829,355)
Operating income		4,929,736	5,046,250	4,499,414
Equity method income (Note 15)		159,533	53,287	17,488
Other non-operating income (expense), net (Note 40)		(335,398)	(188,029)	(50,292)
Profit before income taxes		4,753,871	4,911,508	4,466,610
Income tax expense (Note 41)		(1,255,795)	(1,269,124)	(1,268,345)
Profit for the year		3,498,076	3,642,384	3,198,265
Items that are or may be reclassified to profit or loss:
Gain (loss) on financial asset at fair value through other comprehensive income		(86,784)	352,085	161,008
Gain (Loss) on financial instruments at fair value through profit or loss (overlay approach) (Note 9)		90,298	162,967	(54,333)
Equity in other comprehensive income (loss) of associates		(3,318)	3,302	7,407
Foreign currency translation adjustments for foreign operations		(161,365)	105,771	19,983
Net change in unrealized fair value of cash flow hedges		(14,460)	(18,589)	(20,192)
Other comprehensive income (loss) of separate account		3,884	10,427	8,676
Items that are or may be reclassified to profit or loss		(171,745)	615,963	122,549
Items that will never be reclassified to profit or loss:
Remeasurements of the defined benefit liability		15,812	(54,644)	(93,098)
Equity in other comprehensive income (loss) of associates		(10)	(8)	28
Valuation gain on financial asset at fair value through other comprehensive income		6,841	18,885	22,725
Loss on disposal of financial asset at fair value through other comprehensive income		(27,826)	(5,861)	(2,635)
Changes in own credit risk on financial liabilities designated at fair value through profit or loss		3,084	(8,425)	1,723
Items that will never be reclassified to profit or loss		(2,099)	(50,053)	(71,257)
Total other comprehensive income (loss), net of income tax		(173,844)	565,910	51,292
Total comprehensive income for the year		3,324,232	4,208,294	3,249,557
Profit for the year attributable to:
Equity holders of Shinhan Financial Group Co., Ltd. (Notes 29 and 42)	[1]	3,414,595	3,403,497	3,156,722
Non-controlling interest		83,481	238,887	41,543
Total comprehensive income attributable to:
Equity holders of Shinhan Financial Group Co., Ltd.		3,242,745	3,890,701	3,207,602
Non-controlling interest		₩ 81,487	₩ 317,593	₩ 41,955
Earnings per share: (Notes 29 and 42)
Basic and diluted earnings per share in won		₩ 6,654	₩ 7,000	₩ 6,579
[1]	The increase in reserve for credit losses, W25,608 million, due to the business combination with Orange Life insurance and Asia Trust for the year ended December 31, 2019 is excluded.

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - KRW (₩) ₩ in Millions	Total	Equity attributable to equity holders of Shinhan Financial Group Co., Ltd.	Common Stock	Hybrid Bonds	Capital Surplus	Capital Adjustments	Accumulated Other Comprehensive Income (loss)	Retained Earnings	Non Controlling Interest
Beginning Balance at Dec. 31, 2017	₩ 33,703,617	₩ 32,820,220	₩ 2,645,053	₩ 423,921	₩ 9,887,335	₩ (398,035)	₩ (529,734)	₩ 20,791,680	₩ 883,397
Adoption effect of IFRS9 and IFRS15, net of tax (Note 49)	(532,020)	(528,865)	0	0	0	0	(277,011)	(251,854)	(3,155)
Total comprehensive income for the year:
Profit for the year	3,198,265	3,156,722	0	0	0	0	0	3,156,722	41,543
Other comprehensive income (loss), net of income tax:
Gain (loss) on financial asset at fair value through other comprehensive income	181,098	179,793	0	0	0	0	179,793	0	1,305
Gain (loss) on financial instruments at fair value through profit or loss (overlay approach)	(54,333)	(54,333)	0	0	0	0	(54,333)	0	0
Foreign currency translation adjustments	19,983	20,465	0	0	0	0	20,465	0	(482)
Equity in other comprehensive income of associates	7,435	7,435	0	0	0	0	7,435	0	0
Net change in unrealized fair value of cash flow hedges	(20,192)	(20,192)	0	0	0	0	(20,192)	0	0
Other comprehensive income of separate account	8,676	8,676	0	0	0	0	8,676	0	0
Remeasurements of defined benefit plans	(93,098)	(92,687)	0	0	0	0	(92,687)	0	(411)
Changes in own credit risk on financial liabilities designated at fair value through profit or loss	1,723	1,723	0	0	0	0	1,723	0
Total other comprehensive income (loss)	51,292	50,880	0	0	0	0	50,880	0	412
Total comprehensive income for the year	3,249,557	3,207,602	0	0	0	0	50,880	3,156,722	41,955
Other changes in equity:
Dividends	(687,589)	(687,589)	0	0	0	0	0	(687,589)	0
Dividends to hybrid bonds	(40,357)	(40,357)	0	0	0	0	0	(40,357)	0
Issuance of hybrid bonds	1,107,838	1,107,838	0	1,107,838	0	0	0	0	0
Redemption of hybrid bonds	0	0	0	0	0	0	0	0	0
Acquisition of treasury stock (Note 29)	(155,923)	(155,923)	0	0	0	(155,923)	0	0	0
Change in other capital adjustments	2,699	2,699	0	0	8,153	1,063	0	(6,517)	0
Change in other non-controlling interests	3,608	0	0	0	0	0	0	0	3,608
Other changes in equity	230,276	226,668	0	1,107,838	8,153	(154,860)	0	(734,463)	3,608
Reclassification of OCI retained earnings	0	0	0	0	0	0	2,645	(2,645)	0
Ending Balance at Dec. 31, 2018	36,651,430	35,725,625	2,645,053	1,531,759	9,895,488	(552,895)	(753,220)	22,959,440	925,805
Other changes in equity:
Redemption of preferred stock	0	0	0	0	0	0	0		0
Profit for the year	3,642,384	3,403,497						3,403,497	238,887
Gain (loss) on financial asset at fair value through other comprehensive income	365,109	297,652					297,652		67,457
Gain (loss) on financial instruments at fair value through profit or loss (overlay approach)	162,967	150,678					150,678		12,289
Foreign currency translation adjustments	105,771	104,388					104,388		1,383
Equity in other comprehensive income of associates	3,294	3,294					3,294
Net change in unrealized fair value of cash flow hedges	(18,589)	(15,960)					(15,960)		(2,629)
Other comprehensive income of separate account	10,427	10,427					10,427
Remeasurements of defined benefit plans	(54,644)	(54,850)					(54,850)		206
Changes in own credit risk on financial liabilities designated at fair value through profit or loss	(8,425)	(8,425)					(8,425)
Total other comprehensive income (loss)	565,910	487,204					487,204		78,706
Total comprehensive income for the year	4,208,294	3,890,701					487,204	3,403,497	317,593
Dividends	(753,041)	(753,041)	0	0	0	0	0	(753,041)	0
Dividends to hybrid bonds	(61,993)	(61,993)	0	0	0	0	0	(61,993)	0
Issuance of hybrid bonds	199,476	199,476		199,476
Issuance of convertible preferred shares	747,791	747,791	87,410		660,381
Redemption of hybrid bonds	0	0	0	0	0	0	0	0	0
Acquisition of treasury stock (Note 29)	(444,077)	(444,077)	0	0	0	(444,077)	0	0	0
Change in other capital adjustments	(126,536)	(126,536)			9,484	(119,798)		(16,222)
Change in other non-controlling interests	1,509,037								1,509,037
Other changes in equity	1,070,657	(438,380)	87,410	199,476	669,865	(563,875)		(831,256)	1,509,037
Reclassification of OCI retained earnings							5,860	(5,860)
Ending Balance at Dec. 31, 2019	41,930,381	39,177,946	2,732,463	1,731,235	10,565,353	(1,116,770)	(260,156)	25,525,821	2,752,435
Total comprehensive income for the year:
Profit for the year	3,498,076	3,414,595					0	3,414,595	83,481
Other comprehensive income (loss), net of income tax:
Gain (loss) on financial asset at fair value through other comprehensive income	(107,769)	(107,484)					(107,484)		(285)
Gain (loss) on financial instruments at fair value through profit or loss (overlay approach)	90,298	90,298					90,298		0
Foreign currency translation adjustments	(161,365)	(159,596)					(159,596)		(1,769)
Equity in other comprehensive income of associates	(3,328)	(3,328)					(3,328)		0
Net change in unrealized fair value of cash flow hedges	(14,460)	(14,460)					(14,460)		0
Other comprehensive income of separate account	3,884	3,884					3,884		0
Remeasurements of defined benefit plans	15,812	15,752					15,752		60
Changes in own credit risk on financial liabilities designated at fair value through profit or loss	3,084	3,084					3,084		0
Total other comprehensive income (loss)	(173,844)	(171,850)					(171,850)		(1,994)
Total comprehensive income for the year	3,324,232	3,242,745					(171,850)	3,414,595	81,487
Other changes in equity:
Dividends	(883,929)	(883,929)	0	0	0	0	0	(883,929)	0
Dividends to hybrid bonds	(85,327)	(85,327)	0	0	0	0	0	(85,327)	0
Issuance of hybrid bonds	448,699	448,699		448,699
Issuance of convertible preferred shares	0	0
Redemption of hybrid bonds	0	0	0	0	0	0	0	0	0
Acquisition of treasury stock (Note 29)	(150,467)	(150,467)	0	0	0	(150,467)	0	0	0
Disposal of treasury stock (Note 29)	451,809	451,809				451,809
Retirement of treasury stock (Note 29)	(25)	(25)				150,000		(150,025)
Change in other capital adjustments	433,164	433,164			471,812	(22,507)		(16,141)
Change in other non-controlling interests	(546,631)								(546,631)
Other changes in equity	1,102,245	1,648,876	237,178	448,699	1,669,586	428,835		(1,135,422)	(546,631)
Reclassification of OCI retained earnings							27,825	(27,825)
Ending Balance at Dec. 31, 2020	46,356,858	44,069,567	2,969,641	₩ 2,179,934	12,234,939	₩ (687,935)	₩ (404,181)	₩ 27,777,169	₩ 2,287,291
Other changes in equity:
Paid in capital increase	₩ 1,434,952	₩ 1,434,952	₩ 237,178		₩ 1,197,774

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Profit before income taxes	₩ 4,753,871	₩ 4,911,508	₩ 4,466,610
Adjustments for:
Interest income (Note 31)	(14,773,996)	(15,707,362)	(13,572,456)
Interest expense (Note 31)	4,891,296	5,969,398	4,992,367
Dividend income (Note 33)	(97,956)	(82,158)	(87,826)
Net fees and commission expense (Note 32)	187,304	125,975	176,932
Net insurance loss (Note 27)	1,726,150	2,098,617	2,080,509
Net loss (gain) on financial instruments at fair value through profit or loss (Note 34)	136,191	(38,738)	(225,424)
Net loss (gain) on derivatives (Note 10)	(245,681)	(388,880)	291,879
Net loss (gain) on financial instruments at fair value through profit or loss (overlay approach) (Note 9)	136,255	247,585	(74,944)
Net foreign currency translation loss (gain)	(232,723)	147,952	377,632
Net loss (gain) on financial instruments designated at fair value through profit or loss (Note 35)	(241,066)	33,872	(382,667)
Net gain on disposal of financial asset at fair value through other comprehensive income (Note 11)	(273,793)	(152,278)	(20,554)
Net loss (gain) on disposal of securities at amortized cost (Note 11)	25	(66)	9
Provision for allowance for credit loss (Note 36)	1,382,179	980,692	747,877
Employee costs (Note 25)	175,539	188,313	155,672
Depreciation and amortization (Note 37)	768,488	677,152	301,916
Other operating expense (income) (Note 39)	202,178	305,781	(278,274)
Equity method income, net (Note 15)	(159,533)	(53,287)	(17,488)
Other non-operating expense (Note 40)	153,360	148,091	3,147
Sub-total	(6,265,783)	(5,499,341)	(5,531,693)
Changes in assets and liabilities:
Due from banks at amortized cost	(4,915,143)	(10,059,356)	6,024,743
Securities at fair value through profit or loss	(7,088,599)	(3,977,211)	(3,082,516)
Due from banks at fair value through profit or loss	862,047	73,904	(82,014)
Loans at fair value through profit or loss	132,172	(943,321)	(422,326)
Financial asset designated at fair value through profit or loss (IFRS 9)	(708,627)	847,715	723,037
Derivative instruments	(65,288)	58,532	203,006
Loans at amortized cost	(32,897,127)	(18,831,825)	(27,547,413)
Other assets	(7,866,826)	(4,452,651)	(5,177,725)
Deposits	33,139,123	29,123,272	16,699,467
Liabilities for defined benefit obligations	(243,428)	(263,882)	(145,639)
Provisions	51,567	28,380	14,542
Other liabilities	8,503,803	7,851,505	174,590
Sub-total	(11,096,326)	(544,938)	(12,618,248)
Income taxes paid	(1,184,910)	(1,130,148)	(850,696)
Interest received	14,570,884	15,200,114	13,208,601
Interest paid	(5,267,781)	(5,793,865)	(5,058,596)
Dividends received	80,728	35,716	63,826
Net cash provided by operating activities	(4,409,317)	7,179,046	(6,320,196)
Cash flows from investing activities
Decrease in financial instruments at fair value through profit or loss	4,537,421	3,690,283	2,150,860
Increase in financial instruments at fair value through profit or loss	(4,982,663)	(6,712,873)	(3,290,960)
Proceeds from disposal of securities at fair value through other comprehensive income	53,048,284	36,334,241	27,074,948
Acquisition of securities at fair value through other comprehensive income	(52,657,353)	(46,908,632)	(27,037,290)
Proceeds from disposal of securities at amortized cost	5,923,611	6,722,627	2,093,506
Acquisition of securities at amortized cost	(7,645,000)	(12,209,898)	(5,836,342)
Proceeds from disposal of property and equipment (Notes 13 and 40)	248,037	51,942	39,202
Acquisition of property and equipment (Note 13)	(279,654)	(270,386)	(142,933)
Proceeds from disposal of intangible assets (Notes 14 and 40)	5,298	24,825	3,638
Acquisition of intangible assets (Note 14)	(362,415)	(318,930)	(157,160)
Proceeds from disposal of investments in associates (Note 15)	266,322	182,604	189,118
Acquisition of investments in associates (Note 15)	(776,799)	(669,341)	(227,914)
Proceeds from disposal of investment property (Notes 16 and 40)	113,038	86,422	15,433
Acquisition of investment property (Note 16)	(243,806)	(2,774)	(115,333)
Proceeds from disposal of assets held for sale	2,048	137	4,498
Proceeds from settlement of hedging derivative financial instruments	25,722	19,303	67,039
Payment for settlement of hedging derivative financial instruments	(186,169)	(195,900)	(26,653)
Net cash flow from business combination (Notes 47)	(73,081)	(2,246,932)	(4,498)
Other, net	11,233	(264,585)	(311,744)
Net cash used in investing activities	(3,025,926)	(22,687,867)	(5,512,585)
Cash flows from financing activities
Issuance of hybrid bonds	448,698	199,476	1,107,838
Net increase in borrowings	7,465,106	5,017,269	1,772,203
Proceeds from debt securities issued	21,480,455	31,083,390	26,487,712
Repayments of debt securities issued	(21,508,827)	(19,881,717)	(14,689,246)
Dividends paid	(968,847)	(830,772)	(714,705)
Proceeds from settlement of hedging derivative financial instruments	851,381	1,694,362	10,675
Payment of settlement of hedging derivative financial instruments	(807,705)	(1,716,320)	(16,832)
Acquisition of treasury stock	(150,182)	(444,077)	(151,993)
Disposal of treasury stock	161,863	0	0
Increase in non-controlling interests	566,673	312,390	347
Redemption of lease liabilities	(781,867)	(269,362)	0
Paid in capital increase	1,154,347	0	0
Issuance of convertible preferred shares	0	747,791	0
Other, net	(30,526)	(33,619)	528
Net cash provided by financing activities	7,880,569	15,878,811	13,806,527
Effect of exchange rate fluctuations on cash and cash equivalents held	(61,518)	29,428	(30,640)
Increase (decrease) in cash and cash equivalents	383,808	399,418	1,943,106
Cash and cash equivalents at beginning of year	8,579,174	8,179,756	6,236,650
Cash and cash equivalents at end of year	₩ 8,962,982	₩ 8,579,174	₩ 8,179,756

Reporting entity

Reporting entity	12 Months Ended
	Dec. 31, 2020
Disclosure of reporting entity [Abstract]
Reporting entity	1. Reporting entity Shinhan Financial Group Co., Ltd., the controlling company, and its subsidiaries included in consolidation (collectively the “Group”) are summarized as follows: (a) Controlling company Shinhan Financial Group Co., Ltd. (the “Shinhan Financial Group” or the “Company”), the controlling company, is incorporated on September 1, 2001 for the main purposes of controlling, managing and funding Shinhan Bank, Shinhan Securities Co., Ltd., Shinhan Capital Co., Ltd. and Shinhan BNP Asset Management Co., Ltd. by way of share transfers. The total capital stock amounted to W (b) Ownership of Shinhan Financial Group and its major consolidated subsidiaries as of December 31, 2019 and 2020 are as follows: Date of financial Ownership (%) Investor Investee (*1) Location 2019 2020 Shinhan Financial Group Co., Ltd. Shinhan Bank Korea December 31 100.0 100.0 ” Shinhan Card Co., Ltd. ” ” 100.0 100.0 ” Shinhan Investment Corp. ” ” 100.0 100.0 ” Shinhan Life Insurance Co., Ltd. ” ” 100.0 100.0 ” Orange Life Insurance Co., Ltd. (*2) ” ” 59.2 100.0 ” Shinhan Capital Co., Ltd. ” ” 100.0 100.0 ” Jeju Bank ” ” 75.3 75.3 ” Shinhan Credit Information Co., Ltd. ” ” 100.0 100.0 ” Shinhan Alternative Investment Management Inc. ” ” 100.0 100.0 ” Shinhan BNP Paribas Asset Management Co., Ltd. ” ” 65.0 65.0 ” SHC Management Co., Ltd. ” ” 100.0 100.0 ” Shinhan DS ” ” 100.0 100.0 ” Shinhan Savings Bank ” ” 100.0 100.0 ” Asia Trust Co., Ltd. 60.0 60.0 ” Shinhan AITAS Co., Ltd. ” ” 99.8 99.8 ” Shinhan REITs Management Co., Ltd. ” ” 100.0 100.0 ” Shinhan AI Co., Ltd. ” ” 100.0 100.0 ” Neoplux Co., Ltd. (*3) ” ” — 100.0 Shinhan Bank Shinhan Asia Limited (*4) Hong Kong ” 99.9 — ” Shinhan Bank America USA ” 100.0 100.0 ” Shinhan Bank Europe GmbH Germany ” 100.0 100.0 ” Shinhan Bank Cambodia Cambodia ” 97.5 97.5 Date of financial Ownership (%) Investor Investee (*1) Location 2019 2020 ” Shinhan Bank Kazakhstan Limited Kazakhstan December 31 100.0 100.0 ” Shinhan Bank Canada Canada ” 100.0 100.0 ” Shinhan Bank (China) Limited China ” 100.0 100.0 ” Shinhan Bank Japan Japan ” 100.0 100.0 ” Shinhan Bank Vietnam Ltd Vietnam ” 100.0 100.0 ” Banco Shinhan de Mexico Mexico ” 99.9 99.9 ” PT Bank Shinhan Indonesia Indonesia ” 99.0 99.0 Shinhan Bank Japan SBJDNX (*5) Japan ” — 100.0 Shinhan Card Co., Ltd. LLP MFO Shinhan Finance Kazakhstan ” 100.0 100.0 ” PT. Shinhan Indo Finance Indonesia ” 50.0 50.0 ” Shinhan Microfinance Co., Ltd. Myanmar ” 100.0 100.0 ” Shinhan Vietnam Finance Co.,Ltd Vietnam ” 100.0 100.0 Shinhan Investment Corp. Shinhan Investment Corp. USA Inc. USA ” 100.0 100.0 ” Shinhan Investment Corp. Asia Ltd. Hong Kong ” 100.0 100.0 ” SHINHAN SECURITIES VIETNAM CO., LTD. Vietnam ” 100.0 100.0 ” PT. Shinhan Sekuritas Indonesia Indonesia ” 99.0 99.0 PT Shinhan Sekuritas Indonesia PT. Shinhan Asset Management Indonesia ” ” 75.0 75.0 Shinhan Life Insurance Co., Ltd. Shinhan Financial Plus (*5) Korea ” — 100.0 Shinhan BNP Paribas Asset Management Co., Ltd. Shinhan BNP ASSET MGT HK Ltd. Hong Kong ” 100.0 100.0 Shinhan DS SHINHAN DS VIETNAM CO., LTD. Vietnam ” 100.0 100.0 (*1) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded. (*2) The Group acquired additional shares of Orange Life Insurance Co., Ltd. for the year ended December 31, 2020, and Orange Life Insurance Co., Ltd. became a wholly owned subsidiary of the Group. (*3) The Group acquired a 96.77% stake in Neoplux.Co., Ltd. for the year ended December 31, 2020. The entity became a wholly owned subsidiary as the Group acquired residual shares additionally. (*4) As of December 31, 2020, liquidation procedure has been completed. (*5) Newly invested subsidiaries subject to consolidation are included for the year ended December 31, 2020. (c) Consolidated structured entities Consolidated structured entities are as follows: Category Consolidated structured entities Description Trust Shinhan Bank (including development trust) and 17 others A trust is consolidated when the Group as a trustee is exposed to variable returns, if principle or interest amounts of the entrusted properties falls below guaranteed amount, the Group should compensate it, and the Group has the ability to affect those returns. Asset-Backed Securitization MPC Yulchon Green I and 210 others An entity for asset backed securitization is consolidated when the Group has sole decision-making authority to dispose assets or change the conditions of the assets, and the Group is exposed to, or has rights to related variable returns by providing credit enhancement and purchases of subordinated securities. Structured Financing SHPE Holdings One Co., Ltd. An entity established for structured financing relating to real estate, shipping, or mergers and acquisitions is consolidated, when the Group has the greatest credit to the entity, has sole decision-making authority of these Entities due to the entities default, and is exposed to, or has rights to related variable returns. Investment Fund KoFC Shinhan Frontier Champ 2010-4 An investment fund is consolidated, when the Group manages or invests assets of the investment funds on behalf of other investors as a collective investor or a business executive, or has the ability to dismiss the manager of the investment funds, and is exposed to, or has rights to, the variable returns. (*) The Group provides credit contribution (ABCP purchase agreements) of W

Basis of preparation

Basis of preparation	12 Months Ended
	Dec. 31, 2020
Disclosure of basis of preparation [Abstract]
Basis of preparation	2. Basis of preparation (a) Statement of compliance The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS are the standards and related interpretations issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements were authorized for issue by the Board of Directors on February 5, 2021, accordingly such statements were submitted for approval to the stockholder’s meeting held on March 25, 2021. (b) Basis of measurement The consolidated financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position: • derivative financial instruments measured at fair value • financial instruments at fair value through profit or loss measured at fair value • financial instruments at fair value through other comprehensive income measured at fair value • liabilities for cash-settled share-based payment arrangements measured at fair value • financial assets and liabilities designated as hedged items in a fair value hedge accounting of which changes in fair value attributable to the hedged risk recognized in profit or loss • liabilities for defined benefit plans recognized at the net of the total present value of defined benefit obligations less the fair value of plan assets (c) Functional and presentation currency These consolidated financial statements are presented in Korean won, which is the Controlling Company’s functional currency and the currency of the primary economic environment in which the Group operates. (d) Use of estimates and judgments The preparation of the consolidated financial statements in conformity with IFRS requires management to Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about critical judgments in applying accounting policies that have a significant effect on the amounts recognized in the consolidated financial statements and information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are described in Note 5. In preparing these consolidated financial statements, the significant judgments made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty are the same as those that applied to the consolidated financial statements as of and for the year ended December 31, 2019. (e) Change in accounting policy Except for the following new standards, which have been applied from January 1, 2020, the accounting policies applied by the Group in these consolidated financial statements are the same as those applied by the Group in its consolidated financial statements as of and for the year ended December 31, 2019. i) Amendments to IAS 1 ‘Presentation of financial statements’ and IAS 8 ‘Accounting policies, changes in accounting estimates and errors’ – Definition of materiality The amendments clarify the explanation of the definition of material and IAS 1 and IAS 8 are amended in accordance with the clarified definitions. Materiality is assessed by reference to omission or misstatement of material information as well as effects of immaterial information, and to the nature of the users when determining the information to be disclosed by the Group. The amendments do not have a significant impact on the consolidated financial statements. ii) Amendments to IFRS 3 ‘Business combination’ – Definition of business To consider the integration of the acquired activities and assets as a business, the amended definition of a business requires an acquisition to include an input and a substantive process that together significantly contribute to the ability to create outputs and excludes economic benefits from lowing the costs. If all of the fair value of gross assets acquired is substantially concentrated in a single identifiable asset or a group of similar assets, an entity may elect to apply a concentration test, an optional test, to permit a simplified assessment of whether an acquired asset of activities and assets is not a business. The amendments do not have a significant impact on the consolidated financial statements. (iii) Amendments to IFRS 16 ‘Lease’ – The practical expedient for the exemption, discount or deferral of rent related to COVID-19 As a practical expedient, the lessee may not evaluate whether a rent concession, such as the rent discount directly resulting from COVID-19, W ‘Lease’.

Significant accounting policies

Significant accounting policies	12 Months Ended
	Dec. 31, 2020
Disclosure of significant accounting policies [Abstract]
Significant accounting policies	3. Significant accounting policies Except for the new standards and the amendment to the following standard, which are applied from January 1, 2020, the accounting policies applied by the Group in these consolidated financial statements are the same as those applied by the Group in its consolidated financial statements as of and for the year ended December 31, 2020 and have mentioned in the Note 2. (a) Operating segments The Group has divided the segments based on internal reports reviewed periodically by the top sales decision maker to make decisions about the resources allocated to the segments and evaluate their performance. There are five reporting segments as described in Note 7. The reporting segments are operated separately according to the nature of the goods and services provided and the organizational structure of the Group. The segment reported to the Chief Executive Officer (“CEO”) includes items directly attributable to a segment as well as those that can be allocated on a reasonable basis. It is the CEO’s responsibility to evaluate the resources to be distributed to the business and the performance of the business, and to make strategic decisions. (b) Basis of consolidation i) Subsidiaries Subsidiaries are investees controlled by the Group. The Group controls an investee when it is exposed to, or has rights to, variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. If a member of the Group uses accounting policies other than those adopted in the consolidated financial statements for the same transactions and events in similar circumstances, appropriate adjustments are made to its financial statements in preparing the consolidated financial statements. ii) Structured entity The Group establishes or invests in various structured entities. It does not own shares directly or indirectly for these companies. Considering the terms and conditions of the arrangement in which the structured entity was established, the consolidated entity gains and losses from the operations of the structured entity. It is included in the consolidated entities if it is determined that it has the ability to direct the activities of a consolidated structured entity that can most significantly affect these gains and losses. The Group does not recognize any non-controlling non-controlling iii) Intra-group transactions eliminated on consolidation Intra-group balances, transactions, and any unrealized income and expenses arising from intra-group transactions are eliminated in preparing the consolidated financial statements. Unrealized intra-group losses are recognized as expense if intra-group losses indicate an impairment that requires recognition in the consolidated financial statements. iv) Non-controlling Non-controlling non-controlling non-controlling (c) Business combinations i) Business combinations A business combination is accounted for by applying the acquisition method, unless it is a combination involving entities or businesses under common control. Each identifiable asset and liability is measured at its acquisition-date fair value except for below: • Leases are required to be classified on the basis of the contractual terms and other factors • Only those contingent liabilities assumed in a business combination that are a present obligation and can be measured reliably are recognized • Deferred tax assets or liabilities are recognized and measured in accordance with IAS 12, ‘Income Taxes’ • Employee benefit arrangements are recognized and measured in accordance with IAS 19, ‘Employee Benefits’ • Indemnification assets are recognized and measured on the same basis as the indemnified liability or asset • Reacquired rights are measured in accordance with special provisions • Liabilities or equity instruments related to share-based payment transactions are measured in accordance with the method in IFRS 2, ‘Share-based Payment’ • Non-current ‘Non-current As of the acquisition date, non-controlling non-controlling The transfer consideration in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the acquirer, the liabilities incurred by the acquirer to former owners of the acquired and the equity interests issued by the acquirer. However, any portion of the acquirer’s share-based payment awards exchanged for awards held by the acquired employee that is included in transfer consideration in the business combination shall be measured in accordance with the method described above rather than at fair value. Acquisition-related costs are costs the acquirer incurs to effect a business combination. Those costs include broker’s fees; advisory, legal, accounting, valuation and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and costs of registering and issuing debt and equity securities. Acquisition-related costs, other than those associated with the issue of debt or equity securities, which are recognized in accordance with IAS 32 and IFRS 9, are expensed in the periods in which the costs are incurred and the services are received. (d) Investments in associates and joint ventures An associate is an entity in which the Group has significant influence, but not control, over the entity’s financial and operating policies. Significant influence is presumed to exist when the Group holds between 20 and 50 percent of the voting power of another entity. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The investment in an associate and a joint venture is initially recognized at cost, and the carrying amount is increased or decreased to recognize the Group’s share of the profit or loss and changes in equity of the associate and the joint venture after the date of acquisition. Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated the Group’s stake in preparing the consolidated financial statements. Intra-group losses are recognized as expense if intra-group losses indicate an impairment that requires recognition in the consolidated financial statements. If an associate or a joint venture uses accounting policies different from those of the Group for transactions and events in similar circumstances, appropriate adjustments are made to its financial statements in applying the equity method. When the carrying amount of that interest, including any long-term investments, is reduced to nil, the recognition of further losses is discontinued except to the extent that the Group has an obligation or has to make payments on behalf of the investee for further losses. (e) Cash and cash equivalents Cash and cash equivalents are comprised of cash balances and call deposits with original maturities of three months or less from the acquisition date that are subject to an insignificant risk of changes in their fair value, and are used by the Group in the management of its short-term commitments. Equity instruments are excluded from cash equivalents unless they are, in substance, cash equivalents, like in the case of preferred shares acquired within a short period of their maturity and with a specified redemption date. (f) Non-derivative Financial assets are recognized in the consolidated statement of financial position when the Group becomes a party to the contract. In addition, a standardized purchase or sale (a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the market concerned) is recognized on the trade date. A financial asset is measured initially at its fair value plus, for an item not at Fair Value Through Profit or Loss (“FVTPL”), transaction costs that are directly attributable to its acquisition of the financial asset. Transaction costs on the financial assets at FVTPL that are directly attributable to the acquisition are recognized in profit or loss as incurred. i) Financial assets designated at FVTPL Financial assets can be irrevocably designated as measured at FVTPL despite of classification standards stated below, if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on different bases. ii) Equity instruments For the equity instruments that are not held for short-term trading, at initial recognition, the Group may make an irrevocable election to present subsequent changes in fair value in other comprehensive income. Equity instruments that are not classified as financial assets at Fair Value through Other Comprehensive Income (“FVOCI”) are classified as financial assets at FVTPL. The Group subsequently measures all equity investments at fair value. Valuation gains or losses of the equity instruments that are classified as financial assets at FVOCI previously recognized as other comprehensive income is not reclassified as profit or loss on recognition. The Group recognizes dividends in profit or loss when the Group’s right to receive payments of the dividend is established. Valuation gains or losses due to changes in fair value of the financial assets at FVTPL are recognized in the consolidated statement of comprehensive income gains or losses on financial assets at FVTPL. Impairment loss (reversal) on equity instruments at FVOCI is not recognized separately. iii) Debt instruments Subsequent measurement of debt instruments depends on the Group’s business model in which the asset is managed and the contractual cash flow characteristics of the asset. Debt instruments are classified as financial assets at amortized cost, at FVOCI, or at FVTPL. Debt instruments are reclassified only when the Group’s business model changes. ① Financial assets at amortized cost Assets that are held within a business model whose objective is to hold assets to collect contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A gain or loss on a financial asset measured at amortized cost that is not subject to a hedging relationship is recognized in profit or loss when the financial asset is derecognized or impaired. Interest income on the effective interest method is included in the ‘Interest income’ in the consolidated statement of comprehensive income. ② Financial assets at FVOCI Assets that are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Other than impairment losses, interest income, foreign exchange differences, gains or losses of the financial assets at FVOCI are recognized as other comprehensive income in equity. On removal, gains or losses accumulated in other comprehensive income are reclassified to profit or loss. The interest income on the effective interest method is included in the ‘Interest income’ in the consolidated statement of comprehensive income. Foreign exchange differences and impairment losses are included in the ‘Net foreign currency transaction gain’ and ‘Provision for credit losses allowance’ in the consolidated statement of comprehensive income, respectively. ③ Financial assets at FVTPL Debt securities other than financial assets at amortized costs or FVOCI are classified at FVTPL. Unless hedge accounting is applied, gains or losses from financial assets at FVTPL are recognized as profit or loss and are included in ‘Net gain on financial assets at fair value through profit or loss’ in the consolidated statement of comprehensive income. iv) Embedded derivatives Financial assets with embedded derivatives are classified regarding the entire hybrid contract, and the embedded derivatives are not separately recognized. The entire hybrid contract is considered when it is determined whether the contractual cash flows represent solely payments of principal and interest. v) Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. If the Group does not have or transfer most of the risks and rewards of ownership of the financial asset, the entity shall remove the financial asset if it does not control the financial asset. If the Group continues to control the financial asset, it continues to recognize the transferred asset to the extent that it is continuously involved and recognizes the related liability together. If the Group transfers the right to cash flows of a financial asset but holds most of the risks and rewards of ownership of the financial asset, the entity shall continue to recognize the asset. Also, the amount of disposal amount is recognized as a liability. vi) Offsetting Financial assets and financial liabilities are offset and the net amount is presented in the consolidated statement of financial position only when the Group currently has a legally enforceable right to set off the recognized amounts, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. (g) Derivative financial instruments Derivatives are initially recognized at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. i) Hedge accounting The Group holds forward exchange contracts, interest rate swaps, currency swaps and other derivative contracts to manage interest rate risk and foreign exchange risk. The Group designated derivatives as hedging instruments to hedge the risk of changes in the fair value of assets, liabilities or firm commitments (a fair value hedge) and foreign currency risk of highly probable forecasted transactions or firm commitments (a cash flow hedge). On initial designation of the hedge, the Group formally documents the relationship between the hedging instrument(s) and hedged item(s), including the risk management objectives and strategy in undertaking the hedge transaction. In addition, this document describes the hedging instrument, hedged item, and the method of evaluating the effect of the hedging instrument offsetting changes in the fair value or cash flow of the hedged item due to the hedged risk at the initiation of the hedging relationship and in subsequent periods. The group has applied the following reliefs that were introduced by the amendments made to IFRS 9 Financial Instruments in September 2019. In a hedging relationship, the assume that the interest rate index that is the underlying variable of cash flows does not change to the interest rate index reform when reviewing the probability of occurrence and the prospective assessment of the effectiveness of the hedge. For hedges of non-contractually specified interest rate risk components, the requirement that the hedged risk should be separately identifiable applies only at the inception of the hedging relationship. Through the interest rate index reform, this application of exception is ended when the timing and amount of cash flows based on the interest rate index will no longer appear, or the hedging relationship is discontinued. ① Fair value hedge Changes in the fair value of a derivative hedging instrument designated as a fair value hedge are recognized in profit or loss. The gain or loss from remeasuring the hedging instrument at fair value for a derivative hedging instrument and the gain or loss on the hedged item attributable to the hedged risk are recognized in profit or loss in the same line item of the separate statement of comprehensive income. The Group discontinues fair value hedge accounting if the hedging instrument expires or is sold, terminated or exercised, or if the hedge no longer meets the criteria. Any adjustment arising from G/L on the hedged item attributable to the hedged risk is amortized to profit or loss from the date the hedge accounting is discontinued. ② Cash flow hedge When a derivative is designated to hedge the variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable forecasted transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income, net of tax, and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated, exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income is reclassified to profit or loss in the periods during which the forecasted transaction occurs. If the forecasted transaction is no longer expected to occur, then the balance in other comprehensive income is recognized immediately in profit or loss. ③ Net investment hedge The portion of the change in fair value of a financial instrument designated as a hedging instrument that meets the requirements for hedge accounting for a net investment in a foreign operation is recognized in other comprehensive income and the ineffective portion of the hedge is recognized in profit or loss. The portion recognized as other comprehensive income that is effective as a hedge is recognized in the statement of comprehensive income as a result of reclassification adjustments in accordance with IAS 21, “Effect of Changes in Foreign Exchange Rates” at the time of disposing of its overseas operations or disposing of a portion of its overseas operations To profit or loss. ii) Other derivative financial instruments All derivatives except those designated as hedging instruments and are effective in hedging are measured at fair value. Changes in the fair value of other derivative financial instrument not designated as a hedging instrument are recognized immediately in profit or loss. iii) Unobservable valuation differences at initial recognition Any difference between the fair value of over the counter derivatives at initial recognition and the amount that would be determined at that date using a valuation technique in a situation in which the valuation is dependent on unobservable parameters is not recognized in profit or loss but is recognized on a straight-line basis over the life of the instrument or the remainder is recognized in profit or loss immediately when the fair value becomes observable. (h) Impairment: Financial assets and contract assets The Group recognizes allowance for credit loss for debt instruments measured at amortized cost and fair value through other comprehensive income, and lease receivable, loan commitments and financial guarantee contracts using the expected credit loss impairment model. Financial assets migrate through the following three stages based on the change in credit risk since initial recognition and allowance for credit loss for the financial assets are measured at the 12-month Category Allowance for credit loss STAGE 1 When credit risk has not increased significantly since the initial recognition 12-months STAGE 2 When credit risk has increased significantly since the initial recognition Lifetime ECL: a lifetime ECL associated with the probability of default events occurring over the remaining lifetime STAGE 3 When assets are impaired Same as above The Group, meanwhile, only recognizes the cumulative changes in lifetime expected credit losses since the initial recognition as an allowance for credit loss for purchased or originated credit-impaired financial assets. The total period refers to the expected life span of the financial instrument up to the contract expiration date. i) Reflection of forward-looking information The Group reflects forward-looking information presented by internal experts based on a variety of information when measuring expected credit losses. For the purpose of estimating these forward-looking information, the Group utilizes the economic outlook published by domestic and overseas research institutes or government and public agencies. The Group reflects future macroeconomic conditions anticipated from a neutral standpoint that is free from bias in measuring expected credit losses. Expected credit losses in this respect reflect conditions that are most likely to occur and are based on the same assumptions that the Group used in its business plan and management strategy. ii) Measurement of expected credit loss of financial at amortization cost The expected credit loss of an amortized financial asset is measured as the difference between the present value of the cash flows expected to be received and the cash flow expected to be received. For this purpose, we calculate expected cash flows for individually significant financial assets. For non-individual Expected credit losses are deducted using the allowance for credit loss account and are written off if the financial assets are not recoverable. The allowance for credit loss is increased when the written-off iii) Measurement of estimated credit loss of financial assets at FVOCI The calculation of expected credit losses is the same as for financial assets measured at amortized cost, but changes in allowance for credit loss are recognized in other comprehensive income. In the case of disposal and redemption of other comprehensive income – fair value, the allowance for credit loss is reclassified from other comprehensive income to profit or loss and recognized in profit or loss. (i) Property and equipment Property and equipment are initially measured at cost and after initial recognition. The cost of property and equipment includes expenditures arising directly from the construction or acquisition of the asset, any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Property and equipment are carried at cost less accumulated depreciation and accumulated impairment losses. Certain land and buildings are measured at fair value at the date of transition to IFRS, which is deemed cost, in accordance with IFRS 1, ‘First-time Adoption of IFRS’ The Group recognizes in the carrying amount of an item of property and equipment the cost of replacing part of property and equipment when that cost is incurred if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of those parts that are replaced is derecognized. The costs of the day-to-day Land is not depreciated. Other property and equipment are depreciated on a straight-line basis over the estimated useful lives, which most closely reflect the expected pattern of consumption of the future economic benefits embodied in the asset. Descriptions Useful lives Buildings 40~50 years Other properties 4~5 years Depreciation methods, useful lives and residual values are reassessed at each fiscal year-end (j) Intangible assets Intangible assets are measured initially at cost and, subsequently, are carried at cost less accumulated amortization and accumulated impairment losses. Amortization of intangible assets except for goodwill is calculated on a straight-line basis over the estimated useful lives of intangible assets as shown below, from the date that they are available for use. The residual value of intangible assets is zero. However, if there are no foreseeable limits to the periods over which certain intangible assets are expected to be available for use, they are determined to have indefinite useful lives and are not amortized. Descriptions Useful lives Software 5 years Capitalized development cost 5 years Other intangible assets 5 years or contract periods Amortization periods and the amortization methods for intangible assets with finite useful lives are reviewed at the end of each reporting period. The useful lives of intangible assets that are not being amortized are reviewed at the end of each reporting period to determine whether events and circumstances continue to support indefinite useful life assessments for those assets. Changes are accounted for as changes in accounting estimates. Expenditures on research activities, undertaken with the prospect of gaining new technical knowledge and understanding, are recognized in profit or loss as incurred. Development expenditures are capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Other development expenditures are recognized in profit or loss as incurred. (k) Investment properties Investment property is property held either to earn rental income or for capital appreciation or both. An investment property is initially recognized at cost including any directly attributable expenditure. Subsequent to initial recognition, the asset is measured at cost less accumulated depreciation and accumulated impairment losses, if any. The depreciation method and the estimated useful lives for the current and comparative periods are as follows: Descriptions Depreciation method Useful lives Buildings Straight-line 40 years (l) Leased assets – policy applicable from January 1, 2019 i) Accounting treatment as the lessee The Group leases various tangible assets, such as real estate and vehicles, and the each lease contract is negotiated individually and includes a variety of terms and conditions. There are no other restrictions imposed by the lease contracts, but the lease assets cannot be provided as collaterals for borrowings. At the commencement date of the lease, the Group recognizes the right-of-use Right-of-use Lease liabilities are measured at the present value of the lease payments that are not paid at the commencement date of the lease, and the lease payments included in the measurement of the liabilities consist of the following payments: • Fixed payments (including in-substance • Variable lease payments depending on the index or rate • Amounts expected to be paid by the lessee under the residual value guarantee • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option extended lease payments in an optional renewal period if the lessee is reasonably certain to that they will exercise the extension option • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease If the interest rate implicit in the lease is readily determined, the lease payments are discounted by the rate; if the rate is not readily determined, the lessee’s incremental borrowing rate is used. The cost of the right-of-use • The amount of the initial measurement of the lease liability • Any lease payments made at or before the commencement date (less any lease incentives received) • Any initial direct costs incurred by the lessee • An estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease Lease payments related to short-term leases or low-value low-value W Additional considerations for the Group when accounting for lessees include: Extension and termination options are included in a number of real estate lease contracts of the Group. In determining the lease term, management considers all relevant facts and circumstances that create an economic incentive not to exercise the options. The periods covered by, a) an option to extend the lease if the lessee is reasonably certain to exercise that option, or b) an option to terminate the lease if the lessee is reasonably certain not to exercise that option, is included when determining the lease term. The Group reassesses whether the Group is reasonably certain to exercise the extension option, or not to exercise a termination option, upon the occurrence of either a significant event or a significant change in circumstances that is within the control of the lessee, and affects whether the lessee is reasonably certain to exercise an option not previously included in its determination of the lease term, or not to exercise an option previously included in its determination of the lease term. ii) Accounting treatment as the lessor The Group leases out to lessees various tangible assets, including vehicles under operating and finance lease contracts, and the each lease contract is negotiated individually and includes a variety of terms and conditions. The risk management method for all rights held by the Group in the underlying assets includes repurchase agreements, residual value guarantees, etc. ① Finance leases The Group recognizes them as a receivable at an amount equal to the net investment in the lease, and the difference from the carrying amount of the leasing asset as of the commencement date is recognized as profit or loss from disposal of the lease asset. In addition, interest income is recognized by applying the effective interest method for the amount of the Group’s net investment in finance leases. Lease-related direct costs are included in the initial recognition of financial lease receivables and are accounted for in a way that reduces the revenue for the lease term. ② Operating leases The Group recognizes the lease payments as income on straight-line basis, and adds the lease initial direct costs incurred during negotiation and contract phase of the operating lease to the carrying amount of the underlying asset. In addition, the depreciation policy of operating lease assets is consistent with the Group’s depreciation policy of other similar assets. (m) Leased assets – policy applicable before January 1, 2019 The Group classifies and accounts for leases as either a finance or operating lease, depending on the terms. Leases where the Group assumes substantially all of the risks and rewards of ownership are classified as finance leases. All other leases are classified as operating leases. i) Finance leases At the commencement of the lease term, the Group recognizes as finance assets and finance liabilities in its consolidated statements of financial position, the lower amount of the fair value of the leased property and the present value of the minimum lease payments, each determined at the inception of the lease. Any initial direct costs are added to the amount recognized as an asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding liability. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability. Contingent rents are charged as expenses in the periods in which they are incurred. The depreciable amount of a leased asset is allocated to each accounting period during the period of expected use on a systematic basis consistent with the depreciation policy the lessee adopts for depreciable assets that are owned. If there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term, the asset is fully depreciated over the shorter of the lease term and its useful life. The Group reviews to determine whether the leased asset may be impaired. ii) Operating leases Payments made under operating leases are recognized in profit or loss on a str

Financial risk management

Financial risk management	12 Months Ended
	Dec. 31, 2020
Disclosure of financial risk management [Abstract]
Financial risk management	4. Financial risk management (a) Overview Shinhan Financial Group Co., Ltd. (collectively the “Group”) manages various risks that may be arisen by each business sector and the major risks to which the Group is exposed include credit risk, market risk, interest rate risk, and liquidity risk. These risks are recognized, measured, controlled and reported in accordance with risk management guidelines established at the controlling company level and at the subsidiary level. i) Risk management principles The risk management principles of the Group are as follows: • All business activities take into account the balance of risks and profits within a predetermined risk trend. • The controlling company shall present the Group Risk Management Model Standards and supervise their compliance, and have responsibility and authority for group-level monitoring. • Operate a risk-related decision-making system that enhances management’s involvement. • Organize and operate risk management organizations independent of the business sector. • Operate a performance management system that clearly considers risks when making business decisions. • Aim for preemptive and practical risk management functions. • Share a cautious view to prepare for possible deterioration of the situation. ii) Risk management organization The basic policies and strategies for risk management of the Group are established by the Risk Management Committee (collectively the “Group Risk Management Committee”) within the controlling company’s Board of Directors. The Group’s Chief Risk Management Officer (CRO) assists the Group Risk Management Committee and consults the risk policies and strategies of the group and each subsidiary through the Group Risk Council, which includes the Chief Risk Management Officer of each subsidiary. The subsidiary implements the risk policies and strategies of the Group through each company’s risk management committee, risk-related committee, and risk management organization, and consistently establishes and implements the detailed risk policies and strategies of the subsidiary. The risk management team of the controlling company assists the Group’s chief risk management officer for risk management and supervision. Shinhan Financial Group has a hierarchical limit system to manage the risks of the Group to an appropriate level. The Group Risk Management Committee sets the risk limits that can be assumed by the Group and its subsidiaries, while the Risk Management Committee and the Committee of each subsidiary set and manage detailed risk limits by risk, department, desk and product types. ① Group Risk Management Committee The Group established the risk management system for the Group and each of its subsidiaries, and comprehensively manages group risk-related matters such as establishing risk policies, limits, and approvals. The Committee consists of directors of the Group. The resolution of the Committee is as follows: • Establish risk management basic policy in line with management strategy • Determine the level of risk that can be assumed by the Group and each subsidiary • Approve appropriate investment limit or loss allowance limit • Enact and amend the Group Risk Management Regulations and the Group Risk Council Regulations • Matters concerning risk management organization structure and division of duties • Matters concerning the operation of the risk management system; • Matters concerning the establishment of various limits and approval of limits • Make decisions on approval of the FSS’s internal rating law for non-retail • Matters concerning risk disclosure policy • Analysis of crisis situation, related capital management plan and financing plan • Matters deemed necessary by the board of directors • Materials required by external regulations such as the Financial Services Commission and other regulations and guidelines • Matters deemed necessary by the Chairman The resolution of the Group Risk Management Committee is reported to the Board of Directors. ② Group Risk Management Council In order to maintain the Group’s risk policy and strategy consistently, the Group decides what is necessary to discuss the risks of the Group and to carry out the policies set by the Group Risk Management Committee. The members are chaired by the group’s risk management officer and consist of the risk management officers of major subsidiaries. iii) Group Risk Management System ① Management of the risk capital Risk capital refers to the capital required to compensate for the potential loss (risk) if it is actually realized. Risk capital management refers to the management of the risk assets considering its risk appetite, which is a datum point on the level of risk burden compared to available capital, so as to maintain the risk capital at an appropriate level. The Group and subsidiaries establish and operate a risk planning process to reflect the risk plan in advance when establishing financial and business plans for risk capital management, and establish a risk limit management system to control risk to an appropriate level. ② Risk Monitoring In order to proactively manage risks by periodically identifying risk factors that can affect the group’s business environment, the Group has established a multi-dimensional risk monitoring system. Each subsidiary is required to report to the Group on key issues that affect risk management at the group level. The Group prepares weekly, monthly and occasional monitoring reports to report to Group management including the CRO. In addition, the Risk Dash Board is operated to derive abnormal symptoms through three-dimensional monitoring of major portfolios, increased risks, and external environmental changes (news) of assets for each subsidiary. If necessary, the Group takes preemptive risk management to establish and implement countermeasures. ③ Risk Reviewing When conducting new product new business and major policy changes, risk factors are reviewed by using a pre-defined ④ Risk management The Group maintains a group wide risk management system to detect the signals of any risk crisis preemptively and, in the event of a crisis actually happening, to respond on a timely, efficient and flexible basis so as to ensure the Group’s survival as a going concern. Each subsidiary maintains crisis planning for three levels of contingencies, namely, ‘alert’, ‘imminent crisis’ and ‘crisis’ determination of which is made based on quantitative and qualitative monitoring and consequence analysis, and upon the happening of any such contingency, is required to respond according to a prescribed contingency plan. At the controlling company level, the Group maintains and installs crisis detection and response system which is applied consistently group-wide, and upon the happening of any contingency at two or more subsidiary level, the Group directly takes charge of the situation so that the Group manages it on a concerted group wide basis. (b) Credit risk Credit risk is the risk of potential economic loss that may be caused if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and is the largest risk which the Group is facing. The Group’s credit risk management encompasses all areas of credit that may result in potential economic loss, including not just transactions that are recorded on balance sheets, but also off-balance-sheet Shinhan Bank’s basic policy on credit risk management is determined by the Risk Policy Committee. The Risk Policy Committee consists of the chairman of the CRO, the Chief Credit Officer (CCO), the head of the business group, and the head of the risk management department, and decides the credit risk management plan and the direction of the loan policy for the entire bank. Apart from the Risk Policy Committee, the Credit Review Committee is established to separate credit monitoring, such as large loans and limit approval, and the CCO is composed of the chairman, the head of the group in charge of the credit-related business group, the head of the credit planning department, and the senior examination team to enhance the soundness of the loan and profitability of operation. Shinhan Bank’s credit risk management includes processes such as credit evaluation, credit monitoring, and credit supervision, and credit risk measurement of counterparties and limit management processes and credit risk measurements for portfolios. All loan customers of Shinhan Bank are evaluated and managed with credit ratings. Retail customers are evaluated by summing up the information of the bank’s internal information and external credit information, and the corporate customers are evaluated by considering financial and non-financial Credits for corporate customers are performed by the loan officers and reviewers of branch offices by automatically searching for anticipated insolvent companies among business loan partners, and the credit department independent of the business sector evaluates the adequacy of the result of the loan review and, if necessary, the credit rating of the corporate is requested of an adjustment. In accordance with these procedures, the corporate customers are classified as an early warning company, an observation company, and a normal company, and then are managed differently according to the management guidelines for each risk stage, thereby preventing the insolvency of the loan at an early stage. In order to control the credit risk for the credit portfolio to an appropriate level, credit VaR limits are set and managed for each business and business sector, and to prepare for the credit risk caused by biased exposure to specific sectors, the Group sets and manages exposure limits for each sector by the party, industry, country, etc. Shinhan Card’s basic policy on credit risk is determined by the Risk Management Committee. The Risk Management Committee consists of the Risk Management Officer (CRO) as the chairperson, and is composed of the heads of each business division and supporting division, and the heads of related departments. Apart from the RMC, a credit committee in charge of monitoring corporate credits and other important credits over a certain amount has been established to separate credit policy decisions from credit monitoring. Shinhan Card’s credit scoring system is divided into ASS (Application Scoring System) and BSS (Behavior Scoring System). For applications that meet the eligibility criteria for card issuance, the card will be issued only if the AS credit rating is above the standard. The company’s internal information, CB company’s external information, and personal information on the application are used to calculate the AS credit rating. The BS, which is recalculated monthly, predicts the delinquency probability of cardholders, and utilizes it to monitor members and monitor portfolio risk. i) Techniques, assumptions and input variables used to measure impairment i-1) At the end of each reporting period, the Group assesses whether the credit risk on a financial instrument has increased significantly since initial recognition. When making the assessment, the Group uses the change in the risk of a default occurring over the expected life of the financial instrument instead of the change in the amount of expected credit losses. To make the assessment, the Group compares the risk of a default occurring on the financial instrument as at the reporting date with the risk of a default occurring on the financial instrument as at the date of initial recognition and considers reasonable and supportable information, that is available without undue cost or effort, and is indicative of significant increases in credit risk since initial recognition. Information includes the default experience data held by the Group and analysis by an internal credit rating expert. i-1-1) The Group assigns an internal credit risk rating to each individual exposure based on observable data and historical experiences that have been found to have a reasonable correlation with the risk of default. The internal credit risk rating is determined by considering both qualitative and quantitative factors that indicate the risk of default, which may vary depending on the nature of the exposure and the type of borrower. i-1-2) Internal credit risk rating is the main variable inputs to determine the duration structure for the risk of default. The Group accumulates information after analyzing the information regarding exposure to credit risk and default information by the type of product and borrower and results of internal credit risk assessment. For some portfolios, the Group uses information obtained from external credit rating agencies when performing these analyses. The Group applies statistical techniques to estimate the probability of default for the remaining life of the exposure from the accumulated data and to estimate changes in the estimated probability of default over time. i-1-3) The Group uses the indicators defined as per portfolio to determine the significant increase in credit risk and such indicators generally consist of changes in the risk of default estimated from changes in the internal credit risk rating, qualitative factors, days of delinquency, and others. The method used to determine whether credit risk of financial instruments has significantly increased after the initial recognitions is summarized as follows: Corporate exposures Retail exposures Card exposures Significant change in credit ratings Significant change in credit ratings Significant change in credit ratings Continued past due more than 30 days Continued past due more than 30 days Continued past due more than 7 days(personal card) Loan classification of and below precautionary Loan classification of and below precautionary Loan classification of and below precautionary Borrower with early warning signals Borrower with early warning signals Specific pool segment Negative net assets Specific pool segment Adverse audit opinion or disclaimer of opinion Collective loans for housing for which the constructors are insolvent Interest coverage ratio below 1 for a consecutive period of three years or negative cash flows from operating activities for a consecutive period of two years Loans with identified indicators for significant increases in other credit risk Loans with identified indicators for significant increases in other credit risk The Group assumes that the credit risk of the financial instrument has been increased significantly since initial recognition if a specific exposure is past due more than 30 days (except, for a specific portfolio if it is past due more than 7 days). The Group counts the number of days past due from the earliest date on which the Group fails to fully receive the contractual payments from the borrower, and does not take into account the grace period granted to the borrower. The Group regularly reviews the criteria for determining if there have been significant increases in credit risk from the following perspective: • A significant increase in credit risk shall be identified prior to the occurrence of default. • The criteria established to judge the significant increase in credit risk shall have a more predictive power than the criteria for days of delinquency. i-2) If the contractual cash flows on a financial asset have been modified through renegotiation and the financial asset is not derecognized, the Group assesses whether there has been a significant increase in the credit risk of the financial instrument by comparing the risk of a default occurring at initial recognition based on the original, unmodified contractual terms and the risk of a default occurring at the reporting date based on the modified contractual terms. The Group may adjust the contractual cash flows of loans to customers who are in financial difficulties in order to manage the risk of default and enhance the collectability (hereinafter referred to as ‘debt restructuring’). These adjustments generally involve extension of maturity, changes in interest payment schedule, and changes in other contractual terms. Debt restructuring is a qualitative indicator of a significant increase in credit risk and the Group recognizes lifetime expected credit losses for the exposure expected to be the subject of such adjustments. If a borrower faithfully makes payments of contractual cash flows that are modified in accordance with the debt restructuring or if the borrower’s internal credit rating has recovered to the level prior to the recognition of the lifetime expected credit losses, the Group recognizes the 12-month i-3) The Group considers a financial asset to be in default if it meets one or more of the following conditions: • If a borrower is overdue 90 days or more from the contractual payment date, • If the Group judges that it is not possible to recover principal and interest without enforcing the collateral on a financial asset The Group uses the following indicators when determining whether a borrower is in default: • Qualitative factors (e.g. breach of contractual terms), • Quantitative factors (e.g. if the same borrower does not perform more than one payment obligations to the Group, the number of days past due per payment obligation. However, in the case of a specific portfolio, the Group uses the number of days past due for each financial instrument), • Internal observation data and external data The definition of default applied by the Group generally conforms to the definition of default defined for regulatory capital management purposes; however, depending on the situations, the information used to determine whether a default has ocurred and the extent thereof may vary. i-4) The Group reflects future forward-looking information presented by a group of internal experts based on various information when measuring expected credit losses. The Group utilizes economic forecasts disclosed by domestic and foreign research institutes, governments, and public institutions to predict forward-looking information. The Group reflects future macroeconomic conditions anticipated from a neutral standpoint that is free from bias in measuring expected credit losses. Expected credit losses in this respect reflect conditions that are most likely to occur and are based on the same assumptions that the Group used in its business plan and management strategy. The Group identified the key macroeconomic variables needed to forecast credit risk and credit losses for each portfolio as follows by analyzing past experience data and drew correlations across credit risk for each variable. For the year ended December 31, 2020, macroeconomic variables used by the Group are as follows for each scenario. ① Upside scenario 2021 Major variables (*1) Correlation 2020.4Q (*2) 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) 0.0 3.9 3.0 4.3 Private consumption index(YoY %) (- ) (4.8 ) 3.0 2.3 3.5 4.1 Facility investment growth rate(YoY %) (- ) 3.5 5.5 6.5 1.5 5.0 Consumer price index growth rate(%) (- ) 0.3 0.6 0.9 0.8 0.9 Balance on current account(billion dollars) (- ) 170.0 130.0 160.0 190.0 180.0 Government bond 3y yields(%) — 0.90 1.00 1.00 1.10 1.10 ② Central scenario 2021 Major variables (*1) Correlation 2020.4Q (*2) 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) (0.7 ) 3.6 2.5 3.7 Private consumption index(YoY %) (- ) (4.8 ) 2.6 2.1 3.0 3.5 Facility investment growth rate(YoY %) (- ) 3.5 5.0 6.0 0.8 4.5 Consumer price index growth rate(%) (- ) 0.3 0.5 0.9 0.7 0.8 Balance on current account(billion dollars) (- ) 170.0 120.0 150.0 180.0 170.0 Government bond 3y yields(%) — 0.90 1.00 1.00 1.00 1.00 ③ Downside scenario 2021 Major variables (*1) Correlation 2020.4Q (*2) 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) (1.5 ) 2.3 1.7 3.0 Private consumption index(YoY %) (- ) (4.8 ) 1.9 1.1 2.6 3.4 Facility investment growth rate(YoY %) (- ) 3.5 3.5 4.5 (1.0 ) 3.0 Consumer price index growth rate(%) (- ) 0.3 0.4 0.8 0.6 0.7 Balance on current account(billion dollars) (- ) 170.0 110.0 140.0 170.0 160.0 Government bond 3y yields(%) — 0.90 1.10 1.10 1.10 1.10 (*1) Shinhan Bank applied the private consumption index and facility investment growth rate as the major variables. In addition, Shinhan Card applied the GDP growth rate, consumer price index growth rate, balance on current account, and government bond 3y yields as the major variables. (*2) Considering the default forecast period, the Group reflected the future economic outlook. (*3) The macroeconomic outlook figures are estimated by the Group for the purpose of calculating expected credit losses based on information from domestic and foreign research institutes. Therefore, it could be different from other institutions’ estimates. The predicted correlations between the macroeconomic variables and the risk of default, used by the Group, are derived based on data from the past ten years. Covid-19 had a negative impact on economic conditions. The default rate forecast for the year ended December 31, 2020 is estimated using changed forward-looking information on economic growth rate, private consumption index, KOSPI, and etc, which are major variables for calculating the default rate. As a result, the default rate forecast for some portfolios have increased. Shinhan Bank has set aside an additional W COVID-19 W COVID-19 The Group has considered multiple economic scenarios in applying forward-looking information to measure expected credit losses. The sensitivity analysis of the impact on the Group’s expected credit loss allowance if the weights of the upside or downside scenarios is assumed to be 100% while holding all other assumptions constant is as follows: Sensitivity: Change amount for provisions (In millions of won) Upside(100%) Downside(100%) Shinhan Bank (3,332 ) 26,507 Forward-looking Shinhan Card (24,109 ) 35,205 i-5) Key variables used in measuring expected credit losses are as follows: • Probability of default (“PD”) • Loss given default (“LGD”) • Exposure at default (“EAD”) These variables have been estimated from historical experience data by using the statistical techniques developed internally by the Group and have been adjusted to reflect forward-looking information. Estimates of PD over a specified period are estimated by reflecting characteristics of counterparties and their exposure, based on a statistical model at a specific point of time. The Group uses its own information to develop a statistical credit assessment model used for the estimation, and additional information observed in the market is considered for some portfolios such as a group of large corporates. When a counterparty or exposure is concentrated in specific grades, the method of measuring PD for those grades would be adjusted, and the PD by grade is estimated by considering contract expiration of the exposure. LGD refers to the expected loss if a borrower defaults. The Group calculates LGD based on the experience recovery rate measured from past default exposures. The model for measuring LGD is developed to reflect type of collateral, seniority of collateral, type of borrower, and cost of recovery. In particular, LGD for retail loan products uses loan to value (LTV) as a key variable. The recovery rate reflected in the LGD calculation is based on the present value of recovery amount, discounted at the effective interest rate. EAD refers to the expected exposure at the time of default. The Group derives EAD reflecting a rate at which the current exposure is expected to be used additionally up to the point of default within the contractual limit. EAD of financial assets is equal to the total carrying amount of the asset, and EAD of loan commitments or financial guarantee contracts is calculated as the sum of the amount expected to be used in the future. In measuring expected credit losses on financial assets, the Group uses the contractual maturity as the period subject to expected credit loss measurement. The contractual maturity is computed taking into account the extension right held by the borrower. Risk factors of PD, LGD and EAD are collectively estimated according to the following criteria: • Type of products • Internal credit risk rating • Type of collateral • Loan to value (“LTV”) • Industry that the borrower belongs to • Location of the borrower or collateral • Days of delinquency The criteria classifying groups is periodically reviewed to maintain homogeneity of the group and adjusted if necessary. The Group uses external benchmark information to supplement internal information for a particular portfolio that did not have sufficient internal data accumulated from the past experience. i-6) Write-off The Group writes off a portion of or entire loan or debt security that is not expected to receive its principal and interest. In general, the Group conducts write-off write-off write-off, write-off ii) Maximum exposure to credit risk Exposure to credit risk is the exposure related to due from banks, loans, investments in debt securities, derivative transactions, off-balance The Group’s maximum exposure to credit risk without taking into account of any collateral held or other credit enhancements as of December 31, 2019 and 2020 is as follows: 2019 2020 Due from banks and loans at amortized cost (*1)(*3): Banks W 12,950,561 17,016,263 Retail 152,840,826 170,314,316 Government/Public sector/Central bank 19,461,567 24,778,332 Corporations 140,718,619 152,895,324 Card receivable 23,114,264 22,822,546 349,085,837 387,826,781 Due from banks and loans at fair value through profit or loss (*3): Banks 897,525 93,109 Corporations 2,154,821 1,986,804 3,052,346 2,079,913 Securities at fair value through profit or loss 48,512,857 55,275,031 Securities at fair value through other comprehensive income 58,573,094 57,409,433 Securities at amortized cost (*1) 45,582,065 47,282,623 Derivative assets 2,829,274 5,633,915 Other financial assets (*1)(*2) 17,477,778 20,341,191 Financial guarantee contracts 4,698,558 4,481,506 Loan commitments and other credit liabilities 177,660,547 187,067,821 W 707,472,356 767,398,214 (*1) The maximum exposure amounts for due from banks, loans, securities at amortized cost and other financial assets at amortized cost are recorded as net of allowances. (*2) Other financial assets mainly comprise of receivables, accrued income, secured key money deposits, prepayment, and domestic exchange settlement debit settled in a day. (*3) Classified as similar credit risk group based on calculation of the BIS ratio under new Basel Capital Accord (Basel III). iii) The maximum amount of exposure to credit risk by type of collateral as of December, 31, 2019 and 2020 is as follows: 2019 12 months Life time expected credit loss Total Classification Not impaired Impaired Guarantee W 12,232,197 3,756,006 64,386 16,052,589 Deposits and Savings 1,058,353 266,407 2,437 1,327,197 Property and equipment 1,021,002 307,502 12,840 1,341,344 Real estate 128,098,318 14,932,637 370,361 143,401,316 Securities 3,340,337 137,105 — 3,477,442 Others 5,035,192 4,437 364 5,039,993 Total W 150,785,399 19,404,094 450,388 170,639,881 2020 12 months Life time expected credit loss Total Classification Not impaired Impaired Guarantee W 36,355,387 5,944,417 185,777 42,485,581 Deposits and Savings 1,258,934 313,723 1,509 1,574,166 Property and equipment 1,301,810 324,098 12,341 1,638,249 Real estate 109,092,694 13,914,172 311,946 123,318,812 Securities 2,181,874 108,718 88,025 2,378,617 Others 4,830,557 — 1,943 4,832,500 Total W 155,021,256 20,605,128 601,541 176,227,925 iv) Impairment information by credit risk of financial assets Details of impaired financial assets due to credit risk as of December 31, 2019 and 2020 are as follows: 2019 12-month Life time expected loss Total Allowances Net Mitigation of due to Grade 1 Grade 2 Grade 1 Grade 2 Impaired Due from banks and loans at amortized cost: Banks W 11,703,863 1,179,294 77,675 1,804 — 12,962,636 (12,075 ) 12,950,561 57,087 Retail 136,124,712 7,443,675 5,694,210 3,608,216 476,897 153,347,710 (506,884 ) 152,840,826 87,826,564 Government/Public sector/Central bank 19,274,854 111,987 80,648 — — 19,467,489 (5,922 ) 19,461,567 — Corporations 85,202,285 32,112,103 10,219,343 13,546,622 956,772 142,037,125 (1,318,506 ) 140,718,619 77,732,792 Card receivable 17,161,184 2,249,276 1,879,073 2,233,942 444,311 23,967,786 (853,522 ) 23,114,264 8,728 269,466,898 43,096,335 17,950,949 19,390,584 1,877,980 351,782,746 (2,696,909 ) 349,085,837 165,625,171 Securities at fair value through other comprehensive income (*) 49,276,299 9,057,701 — 239,094 — 58,573,094 — 58,573,094 — Securities at amortized cost 44,296,882 1,271,681 23,272 — — 45,591,835 (9,770 ) 45,582,065 — W 363,040,079 53,425,717 17,974,221 19,629,678 1,877,980 455,947,675 (2,706,679 ) 453,240,996 165,625,171 2020 12-month Life time expected loss Total Allowances Net Mitigation of due to Grade 1 Grade 2 Grade 1 Grade 2 Impaired Due from banks and loans at amortized cost: Banks W 14,935,722 1,996,948 87,084 10,027 — 17,029,781 (13,518 ) 17,016,263 29,994 Retail 152,159,976 8,385,069 6,062,587 3,686,863 574,354 170,868,849 (554,533 ) 170,314,316 91,711,254 Government/Public sector/Central bank 23,849,701 834,912 96,183 1,748 — 24,782,544 (4,212 ) 24,778,332 9,000 Corporations 93,740,349 34,637,533 11,391,410 13,758,332 982,037 154,509,661 (1,614,337 ) 152,895,324 83,580,715 Card receivable 16,995,332 2,304,536 1,754,723 2,197,877 454,451 23,706,919 (884,373 ) 22,822,546 6,845 301,681,080 48,158,998 19,391,987 19,654,847 2,010,842 390,897,754 (3,070,973 ) 387,826,781 175,337,808 Securities at fair value through other comprehensive income (*) 48,506,057 8,636,241 — 267,135 — 57,409,433 — 57,409,433 — Securities at amortized cost 45,888,769 1,404,340 — — — 47,293,109 (10,486 ) 47,282,623 — W 396,075,906 58,199,579 19,391,987 19,921,982 2,010,842 495,600,296 (3,081,459 ) 492,518,837 175,337,808 (*) Credit loss allowance recognized as other comprehensive income of securities at fair value through other comprehensive income amounted to W W v) Credit risk exposures per credit grade of off-balance Credit risk exposures per credit grade of off-balance 2019 Grade 1 Grade 2 Impaired Total Financial guarantee: 12 months expected credit loss W 2,805,417 1,495,091 — 4,300,508 Life time expected credit loss 248,544 148,696 — 397,240 Impaired — — 810 810 3,053,961 1,643,787 810 4,698,558 Loan commitment and other credit line 12 months expected credit loss 146,010,944 21,044,977 — 167,055,921 Life time expected credit loss 7,850,945 2,730,143 — 10,581,088 Impaired — — 23,538 23,538 153,861,889 23,775,120 23,538 177,660,547 W 156,915,850 25,418,907 24,348 182,359,105 2020 Grade 1 Grade 2 Impaired Total Financial guarantee: 12-month W 2,884,641 1,110,945 — 3,995,586 Life time expected credit loss 308,785 176,977 — 485,762 Impaired — — 158 158 3,193,426 1,287,922 158 4,481,506 Loan commitment and other credit line 12-month 156,787,448 20,715,236 — 177,502,684 Life time expected credit loss 6,738,016 2,822,003 — 9,560,019 Impaired — — 5,118 5,118 163,525,464 23,537,239 5,118 187,067,821 W 24,825,161 5,276 191,549,327 vi) Credit qualities are classified based on the internal credit rating as follows: Type of Borrower Grade 1 Grade 2 Individuals Probability of default below 2.25% for each pool Probability of default 2.25% or above for each pool Government/Public agency/Central bank OECD sovereign credit rating of 6 or above OECD sovereign credit rating of below 6 Banks and Corporations (Credit card bonds) Internal credit rating of BBB+ or above Internal credit rating of below BBB+ Card receivables (Individuals) Behavior scoring system of 7 grade or above Behavior scoring system of below 7 grade vii) Credit risk exposures per credit quality of derivative assets Credit quality of derivative assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Grade 1 W 2,377,548 4,994,809 Grade 2 451,726 639,106 W 2,829,274 5,633,915 (*) Credit quality of derivative assets is classified based on the internal credit ratings. viii) Concentration by geographic location An analysis of concentration by geographic location for financial instrument, net of allowance, as of December 31, 2019 and 2020 are as follows: 2019 Korea USA UK Japan Germany Vietnam China Other Total Due from banks and loans at amortized cost Banks W 5,124,738 1,263,568 423,788 289,233 203,166 1,068,822 2,816,320 1,760,926 12,950,561 Retail 144,700,885 371,602 5,444 3,888,964 1,548 1,612,761 1,211,857 1,047,765 152,840,826 Government 16,805,176 529,096 — 1,080,381 — 140,960 445,526 460,428 19,461,567 Corporations 122,926,428 3,116,777 187,856 3,403,806 99,083 2,140,573 2,758,888 6,085,208 140,718,619 Card receivable 22,916,799 9,0

Significant estimate and judgme

Significant estimate and judgment	12 Months Ended
	Dec. 31, 2020
Disclosure of significant estimates and judgments [Abstract]
Significant estimates and judgments	5. Significant estimates and judgments The preparation of financial statements requires the Group to make estimates and assumptions concerning the future. Management also needs to exercise judgment in applying the Group’s accounting policies. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. As the resulting accounting estimates will, by definition, seldom equal the related actual results, it can contain a significant risk of causing a material adjustment. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. (a) Estimation of impairment of goodwill The Group reviews the goodwill annually in accordance with the accounting policy in Note 3. The recoverable amount of the cash-generating unit (group) is determined based on the value-in-use (b) Income taxes The Group is subject to tax laws from various countries. In the normal course of business, there are various types of transactions and different accounting methods that may add uncertainties to the decision of the final income taxes. The Group has recognized current and deferred taxes that reflect tax consequences based on the best estimates in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. However, actual income taxes in the future may not be identical to the recognized deferred tax assets and liabilities, and this difference can affect current and deferred tax at the period when the final tax effect is determined. (c) Fair value of financial instruments The fair values of financial instruments (e.g. over-the-counter (d) Allowance for credit loss, guarantees and unused loan commitments The Group determines and recognizes allowances for losses on debt securities, loans and other receivables measured at amortized cost or FVOCI, and recognizes provisions for guarantees and unused loan commitments through impairment testing. The accuracy of allowances and provisions for credit losses are determined by the estimation of expected cash flows for individually assessed allowances, and methodology and assumptions used for collectively assessed allowances and provisions for groups of loans, guarantees and unused loan commitments. (e) Defined benefit obligation The present value of a defined benefit obligation that is measured by actuarial valuation methods uses various assumptions which can change according to various elements. The assumptions used to determine the net cost (profit) of an annuity include a discount rate, and these changes will affect the carrying amount of the defined benefit obligation. The Group is deciding the appropriate discount rate for each half year. The discount rate represents the interest rate that should be used to determine the present value of the estimated future cash outflow expected to occur in settlement of the defined benefit obligation. The Group determines the appropriate discount rate by considering the interest rate of blue-chip corporate bonds that are denominated in the currency in which the pension is paid and have a maturity similar to the period of the associated defined benefit obligation. Other significant assumptions related to defined benefit obligations are based on current market situations. (f) Hedging relationship The Group expects a high risk hedging effect throughout the hedging period in designating the hedging relationship and it is probable that the hedged transaction will be highly probable in the cash flow hedge.

Investment in subsidiaries

Investment in subsidiaries	12 Months Ended
	Dec. 31, 2020
Disclosure of investment in subsidiaries [Abstract]
Investment in subsidiaries	6. Investment in subsidiaries (a) The summarized financial information of the controlling company and the Group’s major subsidiaries as of December 31, 2019 and 2020 is as follows: 2019 2020 Investees(*1)(*2) Asset balance Liability balance Equity balance Asset balance Liability balance Equity balance Shinhan Financial Group (separate) W 32,261,322 9,795,896 22,465,426 35,483,914 10,426,817 25,057,097 Shinhan Bank 392,723,044 366,629,929 26,093,115 427,675,103 400,009,589 27,665,514 Shinhan Card Co., Ltd. 32,917,910 26,769,044 6,148,866 34,885,223 28,465,675 6,419,548 Shinhan Investment Corp. 37,375,487 33,138,930 4,236,557 46,632,433 42,258,341 4,374,092 Shinhan Life Insurance Co., Ltd. 34,133,649 32,062,490 2,071,159 36,777,496 34,232,052 2,545,444 Orange Life Insurance Co., Ltd. 32,841,359 29,654,711 3,186,648 33,813,587 30,574,073 3,239,514 Shinhan Capital Co., Ltd. 7,566,428 6,612,519 953,909 8,901,349 7,710,010 1,191,339 Jeju Bank 6,192,927 5,695,223 497,704 6,531,838 6,022,397 509,441 Shinhan Credit Information Co., Ltd. 25,292 10,044 15,248 27,806 10,826 16,980 Shinhan Alternative Investment Management Inc. 87,694 75,665 12,029 87,053 71,591 15,462 Shinhan BNP Paribas Asset Management Co., Ltd. 184,203 19,678 164,525 191,127 20,530 170,597 SHC Management Co., Ltd. 9,639 — 9,639 9,644 — 9,644 Shinhan DS 89,141 67,954 21,187 95,150 70,916 24,234 Shinhan Savings Bank 1,602,902 1,418,317 184,585 1,842,231 1,635,433 206,798 Asia Trust Co., Ltd. 172,793 43,933 128,860 259,899 85,274 174,625 Shinhan AITAS Co., Ltd. 77,086 10,962 66,124 87,378 12,159 75,219 Shinhan REITs Management Co., Ltd. 45,832 5,619 40,213 52,555 8,582 43,973 Shinhan AI Co., Ltd. 42,402 1,674 40,728 42,903 1,890 41,013 Neoplux Co., Ltd. — — — 72,550 12,697 59,853 (*1) The consolidated financial statements of the consolidated subsidiaries are based on consolidated financial statements, if applicable. (*2) Trusts, beneficiary certificates, securitization special limited liability companies, associates and private equity investment specialists that are not actually operating their own business are excluded. (b) The summarized income information of the controlling company and the Group’s major subsidiaries for the years ended December 31, 2018, 2019 and 2020 is as follows: 2018 2019 2020 Investees(*1)(*2) Operating Income Net Income Comprehensive Operating Income Net Income Comprehensive Operating Income Net Income Comprehensive Shinhan Financial Group (separate) W 1,519,197 1,234,883 1,234,044 1,480,030 1,129,173 1,127,202 1,718,407 1,274,443 1,274,892 Shinhan Bank 19,731,711 2,279,362 2,333,266 23,145,476 2,329,268 2,527,665 25,049,392 2,078,232 1,911,575 Shinhan Card Co., Ltd. 3,752,232 517,761 477,135 3,892,257 509,032 486,114 4,091,178 606,554 599,451 Shinhan Investment Corp. 5,279,567 251,268 269,058 6,139,926 220,764 225,963 9,290,965 154,531 147,210 Shinhan Life Insurance Co., Ltd. 5,633,679 131,021 150,997 5,413,175 123,870 326,783 5,405,933 177,834 227,596 Orange Life Insurance Co., Ltd. (*3) — — — 4,662,085 271,455 433,510 4,456,340 279,282 132,425 Shinhan Capital Co., Ltd. 439,031 103,400 100,317 455,246 126,050 123,032 626,455 160,583 162,134 Jeju Bank 224,766 27,446 30,579 239,732 27,934 30,519 214,615 17,521 16,557 Shinhan Credit Information Co., Ltd. 37,616 1,392 985 38,648 507 658 42,658 1,493 1,650 Shinhan Alternative Investment Management Inc. 21,590 (780 ) (780 ) 32,401 2,144 2,144 17,219 3,433 3,433 Shinhan BNP Paribas Asset Management Co., Ltd. 78,378 18,868 18,980 84,256 23,090 22,655 88,870 26,663 26,663 SHC Management Co., Ltd. 140 309 309 154 82 82 70 5 5 Shinhan DS 99,279 1,314 1,525 138,697 2,074 1,292 164,327 1,862 2,845 Shinhan Savings Bank 94,636 19,384 18,919 116,849 23,122 22,972 123,590 26,953 26,888 Asia Trust Co., Ltd. (*3) — — — 54,920 18,098 18,128 102,816 45,791 45,765 Shinhan AITAS Co., Ltd. 44,729 8,461 8,461 51,823 10,821 10,821 58,599 13,020 12,954 Shinhan REITs Management Co., Ltd. 7,386 3,564 3,552 7,342 7,414 7,411 12,176 3,764 3,764 Shinhan AI Co., Ltd. — — — 3,088 (654 ) (654 ) 10,246 304 284 Neoplux Co., Ltd. (*3) — — — — — — 3,500 (1,146 ) (1,015 ) (*1) The consolidated financial statements of the consolidated subsidiaries are based on consolidated financial statements, if applicable. (*2) Trusts, beneficiary certificates, securitization special limited liability companies, associates and private equity investment specialists that are not actually operating their own business are excluded. (*3) For the acquired company, the amount is from the consolidated statements of comprehensive income for the period after the acquisition point. (c) Change in the scope of consolidation i) Change in consolidated subsidiaries for the year ended December 31, 2019 are as follows: Company Description Included Orange Life Insurance Co., Ltd. Newly acquired subsidiary Asia Trust Co., Ltd. Newly acquired subsidiary Shinhan Vietnam Finance Co.,Ltd Newly acquired subsidiary Shinhan AI Co., Ltd. Newly invested subsidiary (*) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded. ii) Change in consolidated subsidiaries for the year ended December 31, 2020 are as follows: Company Description Included Neoplux Co., Ltd. Newly acquired subsidiary Included SBJDNX Newly invested subsidiary Included Shinhan Financial Plus Newly invested subsidiary Excluded Shinhan Asia Ltd. Liquidation (*) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded.

Operating segments

Operating segments	12 Months Ended
	Dec. 31, 2020
Disclosure of operating segments [Abstract]
Operating segments	7. Operating segments (a) Segment information The general descriptions by operating segments as of December 31, 2020 are as follows: Segment Description Banking Credit to customers, lending to and receiving deposits from customers, and their accompanying work Credit card Sales of credit cards, cash services, card loan services and their accompanying work Securities Securities trading, consignment trading, underwriting and their accompanying work Life insurance Life insurance business and its accompanying work Others Business segments that do not belong to the above segments, such as leasing, rental, collection of bonds, assets management and other remaining business (b) The following tables provide information of income and expense for each operating segment for the years ended December 31, 2018, 2019 and 2020: 2018 Banking Credit card Securities Life Others Consolidation Total Net interest income W 5,707,813 1,583,100 429,095 761,742 95,618 2,721 8,580,089 Net fees and commission income 850,646 433,043 388,944 69,780 198,828 (2,244 ) 1,938,997 Reversal of (provision for) ACL (250,134 ) (466,447 ) (9,226 ) (13,400 ) (10,238 ) 1,568 (747,877 ) General and administrative expenses (3,098,629 ) (751,580 ) (493,906 ) (227,740 ) (263,046 ) 93,326 (4,741,575 ) Other income (expense), net (163,104 ) 74,954 17,963 (409,151 ) 80,857 (131,739 ) (530,220 ) Operating income (expense) 3,046,592 873,070 332,870 181,231 102,019 (36,368 ) 4,499,414 Equity method income (loss) (977 ) — 15,228 (1,026 ) 6,909 (2,646 ) 17,488 Income tax expense 832,494 225,837 95,438 50,429 59,556 4,591 1,268,345 Profit for the year W 2,195,263 629,307 251,268 131,021 49,168 (57,762 ) 3,198,265 Controlling interest W 2,194,950 630,993 251,265 131,021 49,168 (100,675 ) 3,156,722 Non-controlling 313 (1,686 ) 3 — — 42,913 41,543 2019 Banking Credit card Securities Life Others Consolidation Total Net interest income W 5,989,462 1,753,966 457,852 1,647,795 127,564 (238,675 ) 9,737,964 Net fees and commission income 950,389 403,259 351,303 167,324 272,244 (4,000 ) 2,140,519 Reversal of (provision for) allowance for credit loss (“ACL”) (389,004 ) (566,415 ) 1,325 (797 ) (25,030 ) (771 ) (980,692 ) General and administrative expenses (3,177,158 ) (745,848 ) (511,418 ) (443,013 ) (335,090 ) 77,853 (5,134,674 ) Other income (expense), net (211,882 ) (33,204 ) (59,006 ) (786,103 ) 129,272 244,056 (716,867 ) Operating income 3,161,807 811,758 240,056 585,206 168,960 78,463 5,046,250 Equity method income (loss) (764 ) — 18,163 (1,296 ) 12,265 24,919 53,287 Income tax expense 718,650 205,863 68,311 187,608 73,213 15,479 1,269,124 Profit for the year W 2,256,652 609,582 220,764 395,325 100,259 59,802 3,642,384 Controlling interest W 2,256,576 609,350 220,850 395,325 100,259 (178,863 ) 3,403,497 Non-controlling 76 232 (86 ) — — 238,665 238,887 2020 Banking Credit card Securities Life Others Consolidation Total Net interest income W 6,037,632 1,755,039 517,044 1,608,953 166,622 (202,590 ) 9,882,700 Net fees and commission income 822,408 483,486 544,183 162,284 368,350 2,222 2,382,933 Reversal of (provision for) allowance for credit loss (“ACL”) (690,084 ) (483,883 ) (111,796 ) (12,236 ) (85,951 ) 1,771 (1,382,179 ) General and administrative expenses (3,237,641 ) (698,796 ) (565,485 ) (463,439 ) (372,591 ) 125,479 (5,212,473 ) Other income (expense), net (130,488 ) (169,304 ) (11,348 ) (727,530 ) 260,873 36,552 (741,245 ) Operating income 2,801,827 886,542 372,598 568,032 337,303 (36,566 ) 4,929,736 Equity method income (loss) (811 ) — 37,760 (1,244 ) 29,644 94,184 159,533 Income tax expense 673,972 251,357 48,464 156,698 94,094 31,210 1,255,795 Profit for the year W 1,999,002 703,305 154,531 457,116 273,575 (89,453 ) 3,498,076 Controlling interest W 1,998,563 703,204 154,772 457,116 273,575 (172,635 ) 3,414,595 Non-controlling 439 101 (241 ) — — 83,182 83,481 (c) Interest gains and losses from segment external customers and cross-sector interest gains and losses for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 Banking Credit card Securities Life Others Consolidation Total Net interest income from: External customers W 5,714,568 1,602,849 423,156 762,978 76,538 — 8,580,089 Internal transactions (6,755 ) (19,749 ) 5,939 (1,236 ) 19,080 2,721 — W 5,707,813 1,583,100 429,095 761,742 95,618 2,721 8,580,089 2019 Banking Credit card Securities Life Others Consolidation Total Net interest income from: External customers (*) W 5,995,097 1,781,266 450,268 1,647,988 103,161 (239,816 ) 9,737,964 Internal transactions (5,635 ) (27,300 ) 7,584 (193 ) 24,403 1,141 — W 5,989,462 1,753,966 457,852 1,647,795 127,564 (238,675 ) 9,737,964 2020 Banking Credit card Securities Life Others Consolidation Total Net interest income from: External customers (*) W 6,037,205 1,809,149 526,167 1,605,575 114,290 (209,686 ) 9,882,700 Internal transactions 427 (54,110 ) (9,123 ) 3,378 52,332 7,096 — W 6,037,632 1,755,039 517,044 1,608,953 166,622 (202,590 ) 9,882,700 (*) Consolidated adjustment to net interest income from external customers is from the securities and others which were measured in fair values as a part of business combination accounting. (d) The following tables provide information of net fees and commission income (expense) of each operating segment for the years ended December 31, 2018, 2019 and 2020. 2018 Banking Credit card Securities Life Others Consolidation Total Net fees and commission income from: External customers W 872,631 464,342 400,227 77,145 124,652 — 1,938,997 Internal transactions (21,985 ) (31,299 ) (11,283 ) (7,365 ) 74,176 (2,244 ) — W 850,646 433,043 388,944 69,780 198,828 (2,244 ) 1,938,997 2019 Banking Credit card Securities Life Others Consolidation Total Net fees and commission income from: External customers W 974,636 436,523 361,526 175,171 192,663 — 2,140,519 Internal transactions (24,247 ) (33,264 ) (10,223 ) (7,847 ) 79,581 (4,000 ) — W 950,389 403,259 351,303 167,324 272,244 (4,000 ) 2,140,519 2020 Banking Credit card Securities Life Others Consolidation Total Net fees and commission income from: External customers W 859,225 531,394 553,308 173,865 265,141 — 2,382,933 Internal transactions (36,817 ) (47,908 ) (9,125 ) (11,581 ) 103,209 2,222 — W 822,408 483,486 544,183 162,284 368,350 2,222 2,382,933 (e) Financial information of geographical area The following table provides information of income from external consumers by geographical area for the years ended December 31, 2018, 2019 and 2020. 2018 2019 2020 Domestic W 4,023,916 4,378,239 4,436,252 Overseas 475,498 668,011 493,484 W 4,499,414 5,046,250 4,929,736 The following table provides information of non-current 2019 2020 Domestic W 9,816,600 9,734,468 Overseas 314,052 351,083 W 10,130,652 10,085,551 (*) Non-current

Cash and Due from banks at amor

Cash and Due from banks at amortized cost	12 Months Ended
	Dec. 31, 2020
Cash and Due from banks at amortized cost [Abstract]
Cash and Due from banks at amortized cost	8. Cash and due from banks at amortized cost (a) Cash and due from banks at amortized cost as of December 31, 2019 and 2020 are as follows: 2019 2020 Cash and cash equivalents Cash W 2,573,579 1,782,301 Cash equivalents 9,307 22,979 2,582,886 1,805,280 Deposits denominated in Korean won: Reserve deposits 13,840,988 16,957,521 Time deposits 1,413,964 950,624 Other 1,890,541 3,953,337 17,145,493 21,861,482 Deposits denominated in foreign currency: Deposits 5,616,049 5,576,206 Time deposits 2,393,885 2,721,849 Other 697,505 1,455,732 8,707,439 9,753,787 Allowance for credit losses (12,074 ) (10,007 ) W 33,410,542 (b) Restricted due from banks at amortized cost as of December 31, 2019 and 2020 are as follows: 2019 2020 Related Regulations or Acts Deposits denominated in Korean won: Reserve deposits W 13,840,988 16,957,521 Article 55 of the Bank of Korea Act Other 1,081,698 2,390,761 Article 28 and 70 of the Bank of Korea Act, Article 74 of the Capital Markets and Financial Investment Business Act, etc. 14,922,686 19,348,282 Deposits denominated in foreign currency 1,584,239 2,621,129 Articles of the Bank of Korea Act, New York State Banking Act, derivatives, etc. W 16,506,925 21,969,411

Financial assets at fair value

Financial assets at fair value through profit or loss	12 Months Ended
	Dec. 31, 2020
Financial assets at fair value through profit or loss [Abstract]
Disclosure of financial assets at fair value through profit or loss	9. Financial assets at fair value through profit or loss (a) Financial assets at fair value through profit or loss as of December 31, 2019 and 2020 are as follows: 2019 2020 Debt instruments: Governments W 2,873,419 4,248,448 Financial institutions 12,711,074 13,997,922 Corporations 8,541,514 9,356,842 Stocks with put option 598,858 583,590 Equity investment with put option 1,458,933 1,860,195 Beneficiary certificates 10,678,620 12,451,709 Commercial papers 5,160,063 6,369,854 CMA 3,723,401 2,806,485 Others (*) 2,655,260 3,411,647 48,401,142 55,086,692 Equity instruments: Stocks 1,488,743 1,627,020 Equity investment — 1,697 Others 109,197 107,742 1,597,940 1,736,459 W 49,999,082 56,823,151 Other: Loans at fair value W 2,154,821 2,016,801 Due from banks at fair value 897,525 63,112 Gold/silver deposits 111,715 188,339 W 53,163,143 59,091,403 (*) As of December 31, 2019 and 2020, restricted reserve for claims of customers’ deposits (trusts) are W W (b) Financial assets to which overlay approach are applied in accordance with IFRS 9 ‘Financial Instruments’ and IFRS 4 ‘Insurance Contracts’ as of December 31, 2019 and 2020 are as follows: 2019 2020 Due from banks at fair value through profit or loss W 897,525 63,112 Securities at fair value through profit or loss 5,139,380 4,865,908 W 6,036,905 4,929,020 A financial asset is eligible for designation for the overlay approach, if it is measured at fair value through profit or loss applying IFRS 9 but would not have been measured at fair value through profit or loss in its entirety applying IAS 39; and it is not held in respect of an activity that is not associated with contracts within the scope of IFRS 4. The reclassified amounts between profit or loss and other comprehensive income due to the overlay approach as of and for the years ended December 31, 2019 and 2020 are as follows: 2019 Profit or loss Other comprehensive By IFRS 9 By IAS 39 Amount Tax effect Net gain (loss) on valuation of financial W 150,865 (74,586 ) 225,451 (50,042 ) Net gain (loss) on disposal of financial 65,627 43,493 22,134 (4,672 ) W 216,492 (31,093 ) 247,585 (54,714 ) 2020 Profit or loss Other comprehensive By IFRS 9 By IAS 39 Amount Tax effect Net gain (loss) on valuation of financial W 123,808 (21,488 ) 145,301 (39,140 ) Net gain (loss) on disposal of financial 53,806 62,926 (9,120 ) 4,086 Net gain (loss) on foreign currency conversion of financial assets at fair value through profit or loss 74 — 74 (20 ) W 177,688 41,438 136,255 (35,074 ) (*) The amount of the policyholders equity adjustment for the reclassification of other comprehensive income is W

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2020
Derivatives [Abstract]
Derivatives	10. Derivatives (a) The notional amounts of derivatives outstanding as of December 31, 2019 and 2020 are as follows: 2019 2020 Foreign currency related: Over the counter: Currency forwards W 137,383,704 117,566,233 Currency swaps 40,826,444 33,562,251 Currency options 2,758,801 2,501,983 180,968,949 153,630,467 Exchange traded: Currency futures 1,045,138 1,102,534 182,014,087 154,733,001 Interest rates related: Over the counter: Interest rate swaps 37,801,528 36,205,843 Interest rate options 286,000 324,238 38,087,528 36,530,081 Exchange traded: Interest rate futures 2,455,450 2,465,374 Interest rate swaps (*) 65,868,540 68,475,400 68,323,990 70,940,774 106,411,518 107,470,855 Credit related: Over the counter: Credit swaps 5,404,257 4,536,626 Equity related: Over the counter: Equity swaps and forwards 4,255,831 2,628,661 Equity options 864,038 508,686 5,119,869 3,137,347 Exchange traded: Equity futures 876,220 1,638,126 Equity options 4,039,226 4,277,882 4,915,446 5,916,008 10,035,315 9,053,355 Commodity related: Over the counter: Commodity swaps and forwards 758,533 537,351 Exchange traded: Commodity futures and options 344,329 263,460 1,102,862 800,811 2019 2020 Hedge: Currency forwards 1,869,518 1,281,945 Currency swaps 4,532,114 4,328,333 Interest rate swaps 10,091,632 7,844,392 16,493,264 13,454,670 W 290,049,318 (*) The notional amounts of derivatives outstanding those will be settled in the ‘Central Counter Party (CCP)’ system. (b) Fair values of derivative instruments as of December 31, 2019 and 2020 are as follows: 2019 2020 Assets Liabilities Assets Liabilities Foreign currency related: Over the counter: Currency forwards W 1,360,384 1,056,760 3,135,319 3,021,258 Currency swaps 473,797 519,445 1,145,619 979,022 Currency options 9,007 9,430 33,253 31,871 1,843,188 1,585,635 4,314,191 4,032,151 Exchange traded: Currency futures — — 90 186 1,843,188 1,585,635 4,314,281 4,032,337 Interest rates related: Over the counter: Interest rate swaps 260,020 247,723 311,403 363,297 Interest rate options 835 5,626 2,148 2,217 260,855 253,349 313,551 365,514 Exchange traded: Interest rate futures 697 595 900 422 261,552 253,944 314,451 365,936 Credit related: Over the counter: Credit swaps 283,015 38,598 273,578 29,682 Equity related: Over the counter: Equity swap and forwards 144,276 39,422 122,034 48,218 Equity options 4,526 9,402 2,750 9,840 148,802 48,824 124,784 58,058 2019 2020 Assets Liabilities Assets Liabilities Exchange traded: Equity futures W 4,318 6,417 34,816 7,711 Equity options 28,355 29,741 77,973 153,461 32,673 36,158 112,789 161,172 181,475 84,982 237,573 219,230 Commodity related: Over the counter: Commodity swaps and forwards 14,496 27,745 5,949 32,693 Exchange traded: Commodity futures and options 2,342 10,100 11,580 186 16,838 37,845 17,529 32,879 Hedge: Currency forwards 14,380 21,121 91,747 10,507 Currency swaps 74,240 48,396 65,256 186,150 Interest rate forwards and swaps 154,586 232,491 319,500 139,846 243,206 302,008 476,503 336,503 W 2,829,274 2,303,012 5,633,915 5,016,567 (c) Gain or loss on valuation of derivatives for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Foreign currency related Over the counter Currency forwards W 41,188 174,340 (108,854 ) Currency swaps (34,444 ) (24,827 ) 210,072 Currency options 8,247 4,056 4,979 14,991 153,569 106,197 Exchange traded Currency futures 11 — (96 ) 15,002 153,569 106,101 Interest rates related Over the counter Interest rate swaps 86,675 (75,349 ) (73,926 ) Interest rate options (1,459 ) (1,938 ) (372 ) 85,216 (77,287 ) (74,298 ) Exchange traded Interest rate futures (2,512 ) 1,008 4,236 82,704 (76,279 ) (70,062 ) 2018 2019 2020 Credit related Over the counter Credit swaps W (18,396 ) 213,754 7,255 Equity related Over the counter Equity swap and forwards (271,457 ) 46,770 (15,979 ) Equity options 4,326 (841 ) (2,082 ) (267,131 ) 45,929 (18,061 ) Exchange traded Equity futures 15,159 (2,275 ) 26,305 Equity options (44,163 ) 58,721 196,288 (29,004 ) 56,446 222,593 (296,135 ) 102,375 204,532 Commodity related Over the counter Commodity swaps and forwards (79,296 ) 3,191 (13,519 ) Commodity options 33 29 — (79,263 ) 3,220 (13,519 ) Exchange traded Commodity futures 4,209 (7,759 ) 11,374 (75,054 ) (4,539 ) (2,145 ) Hedge 78,892 332,778 120,700 W (212,987) 721,658 366,381 (d) Impact of hedge accounting on the consolidated financial statements i) Gains(losses) on fair value hedged items and hedging instruments attributable to the hedged ineffectiveness for the years ended December 31, 2019 and 2020 are as follows: 2019 Gains (losses) on Gains (losses) on Hedge ineffectiveness Fair value hedges: Interest rate swaps (*1) W (370,787 ) 377,121 6,334 Foreign exchange risk (*1) 13,725 (18,786 ) (5,061 ) W (357,062 ) 358,335 1,273 2020 Gains (losses) on Gains (losses) on Hedge ineffectiveness Fair value hedges: Interest rate swaps (*1) W (228,266 ) 233,008 4,742 Foreign exchange risk (*1) (21,336 ) 12,071 (9,265 ) W (249,602 ) 245,079 (4,523 ) (*1) The related account categories are presented as interest rate swap assets / liabilities and currency swap assets. (*2) Ineffective portion of hedge: the difference between hedging instruments and hedged items. ii) Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year, the amounts recognized in the income statement and other comprehensive income are as follows: 2019 Gains (losses) on hedges Hedge ineffectiveness From cash flow hedge Cash flow hedges Interest rate risk (*1) W (11,126 ) — — Foreign exchange risk (*1) 52,932 (25,709 ) (57,870 ) Discontinuation of cash flow hedges (7,986 ) — 7,986 Hedge of net investments Foreign exchange risk (*1) (49,463 ) (2,327 ) — W (15,643 ) (28,036 ) (49,884 ) 2020 Gains (losses) on hedges Hedge ineffectiveness From cash flow hedge Cash flow hedges: Interest rate risk (*1) W (3,220 ) (343 ) — Foreign exchange risk (*1) (16,693 ) (6,539 ) 26,405 Discontinuation of cash flow hedges (45 ) — 45 Hedge of net investments: Foreign exchange risk (*1) 44,049 (2,134 ) — W (9,016) 26,450 (*1) The related account categories are presented as interest rate swap assets / liabilities and currency swap assets / liabilities, currency forwards assets / liabilities and borrowings. (*2) Ineffective portion of hedge: The difference between hedging instruments and hedged items. (e) Effect of hedge accounting on financial statement, statement of comprehensive income, statement of changes in equity i) Purpose and strategy of risk avoidance The Group transacts with derivative financial instruments to hedge its interest rate risk and currency risk arising from the assets and liabilities of the Group. The Group applies the fair value hedge accounting for the changes in the market interest rates of the Korean won structured notes, foreign currency generated financial debentures, structured deposits in foreign currencies, foreign currency structured deposits and foreign currency investment receivables; and cash flow hedge accounting for interest rate swaps and currency swaps to hedge cash flow risk due to interest rates and foreign exchange rates of the Korean won debt, the Korean won bonds, foreign currency bonds, etc. In addition, in order to hedge the exchange rate risk of the net investment in overseas business, the Group applies the net investment hedge accounting for foreign operations using currency forward and non-derivative ii) Nominal amounts and average hedge ratios for hedging instruments as of December 31, 2019 and 2020 are as follows: 2019 Less than 1~2 2~3 3~4 4~5 More than 5 Total Interest risk: Nominal values: W 750,469 704,985 717,948 1,228,424 575,481 6,114,325 10,091,632 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % Exchange risk: Nominal values: 3,651,118 1,075,886 1,269,520 968,770 84,275 534,898 7,584,467 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % 2020 Less than 1~2 2~3 3~4 4~5 More than 5 Total Interest risk: Nominal values: W 657,656 640,992 1,217,588 456,688 247,244 4,624,224 7,844,392 Average price condition (*1) 1.12 % 0.88 % 1.30 % 0.98 % 0.67 % 0.38 % 0.67 % Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % Exchange risk: (*2) Nominal values: 2,340,409 1,448,787 1,734,593 457,199 575,527 250,014 6,806,529 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % (*1) Interest rate swaps consist of 3M CD, 3M USD Libor, 3M Euribor, and 3M AUD Bond. (*2) The average exchange rates of net investment hedge instruments are USD/KRW 1,154.76, JPY/KRW 10.61, EUR/KRW 1,287.16, GBP/KRW 1,480.30, AUD/KRW 800.67, CAD/KRW 895.95, SGD/KRW 847.09, CNY/KRW 168.84, SEK/KRW 124.60 iii) Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity 2019 Nominal amount Carrying value Carrying value Changes in fair Fair value hedges Interest rate swap W 9,371,632 154,586 210,079 314,766 Currency swap — — 248 (1,813 ) Currency forward 261,486 776 1,358 (582 ) Cash flow hedge Interest rate swap 720,000 — 22,412 (11,126 ) Currency swap 4,532,114 74,240 48,148 (29,829 ) Currency forward 1,376,472 11,854 19,763 (4,426 ) Hedge of net investments in foreign operations Currency forward 231,560 1,750 — (4,036 ) Borrowings 1,182,835 — 1,177,897 (47,755 ) 2020 Nominal amount Carrying value Carrying value Changes in fair Fair value hedges Interest rate swap W 6,965,492 319,294 120,728 181,151 Currency swap — — 67 985 Currency forward 254,023 20,093 66 24,481 Cash flow hedge Interest rate swap 878,900 206 19,118 3,303 Currency swap 4,328,333 65,256 186,083 (8,560 ) Currency forward 810,322 60,473 — (4,181 ) Hedge of net investments in foreign operations Currency forward 217,600 11,181 10,441 (2,991 ) Borrowings 1,196,252 — 1,193,269 44,907 (*) The related account categories are presented as interest rate swap assets / liabilities and currency forward assets and liabilities. iv) Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity 2019 Carrying Carrying Assets of Liabilities of Changes if Cash flow Foreign Fair value hedges Interest rate risk: Borrowings and etc W 432,172 8,859,022 4,846 (56,292 ) (308,463 ) — — Foreign exchange risk Securities in foreign currency 306,638 — — — 1,671 — — Cash flow hedge Interest rate risk: Debentures in won and debentures in foreign currency 645,723 1,740,000 — — (11,126 ) 80,674 — Foreign exchange risk: Debentures in foreign currency and loans in foreign currency 4,116,068 3,035,423 — — 115,867 (11,188 ) — Hedge of net investments in foreign operations Foreign exchange risk: Net assets in foreign business establishment — — — — (49,463 ) — (88,953 ) 2020 Carrying Carrying Assets of Liabilities of Changes if Cash flow Foreign Fair value hedges Interest rate risk: Borrowings and etc W 143,496 6,750,929 6,563 193,452 (175,369 ) — — Foreign exchange risk Securities in foreign currency 342,205 — — — (26,927 ) — — Cash flow hedge Interest rate risk: Debentures in won and debentures in foreign currency 617,463 1,674,460 — — 2,296 60,659 — Foreign exchange risk: Debentures in foreign currency and loans in foreign currency 3,264,740 2,962,041 — — (58,557 ) (32,001 ) — Hedge of net investments in foreign operations Foreign exchange risk: Net assets in foreign business establishment — — — — 44,049 — (141,151 ) (*) The related account categories are presented as interest rate swap assets / liabilities and currency forwards. (f) Hedge relationships affected by an interest rate index The revised Standard requires exceptions to the analysis of future information in relation to the application of hedge accounting, while uncertainty exists due to movements of the interest rate indicator reform. The exception assumes that when assessing whether the expected cash flows that comply with existing interest rate indicators are highly probable, whether there is an economic relationship between the hedged item and the hedging instrument, and whether there is a high hedge effectiveness between the hedged item and the hedging instrument, the interest rate indicators that are based on the hedged item do not change due to the effect of the interest rate index reform. The nominal amount of the hedging instrument related to the interest rate index exposed to the hedging relationship due to the Group’s reform of the interest rate index as of December 31, 2020 is as follows: Interest rate index Carrying amount of Carrying amount of Nominal amount of KRW 3M CD (*1) W — 3,329,530 3,440,000 USD 1M LIBOR — 1,537,051 1,540,608 USD 3M LIBOR (*1) 357,072 3,438,080 3,790,651 EUR 1M LIBOR — 264,074 264,450 EUR 3M LIBOR — 267,648 267,648 (*1) Include nominal amount of the hedging instrument related to the CMS(Constant Maturity Swap) calculated based on the CD and LIBOR rate. (*2) Include the nominal amount that will mature after the end of 2021. From 2022, the USD LIBOR interest rate will be replaced by a Secured Overnight Financing Rate (SOFR) based on actual transactions, andthe EUR LIBOR interest rate will be replaced by the next day’s unsecured rate, Euro Short-Term Rate (ESTER). The Risk-Free

Securities at fair value throug

Securities at fair value through other comprehensive income and securities at amortised cost	12 Months Ended
	Dec. 31, 2020
Securities at fair value through other comprehensive income and securities at amortized cost [Abstract]
Securities at fair value through other comprehensive income and securities at amortized cost	11. Securities at fair value through other comprehensive income and securities at amortized cost (a) Details of securities at FVOCI and securities at amortized cost as of December 31, 2019 and 2020 are as follows: 2019 2020 Securities at FVOCI: Debt securities: Government bonds W 17,597,910 19,370,393 Financial institutions bonds 21,527,242 20,053,716 Corporate bonds and others 19,447,942 17,985,324 58,573,094 57,409,433 Equity securities (*): Stocks 728,311 777,901 Equity investments 5,356 4,445 Others 74,292 124,333 807,959 906,679 59,381,053 58,316,112 Securities at amortized cost: Debt securities: Government bonds 30,385,084 31,816,320 Financial institutions bonds 4,770,204 3,835,577 Corporate bonds and others 10,426,777 11,630,726 45,582,065 47,282,623 W 104,963,118 105,598,735 (*) Equity securities in the above table are classified as other comprehensive income—equity securities designated as fair value items, and other comprehensive income and fair value options are exercised for the purpose of holding as required by the policy. (b) Changes in carrying value of debt securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2019 and 2020 are as follows: 2019 Securities at fair value through other Securities at amortized cost 12-month credit loss Life time credit loss Total 12-month credit loss Life time credit loss Total Beginning allowance W 37,571,814 105,831 37,677,645 28,464,921 22,475 28,487,396 Transfer to 12-month 34,555 (34,555 ) — 20,198 (20,198 ) — Transfer to life time expected credit loss (64,928 ) 64,928 — — — — Transfer to impaired financial asset — — — — — — Purchase 46,847,222 61,410 46,908,632 12,209,898 — 12,209,898 Disposal (16,109,006 ) (10,222 ) (16,119,228 ) — — — Repayment (21,129,182 ) — (21,129,182 ) (6,722,560 ) — (6,722,560 ) Others (*) 230,733 51,702 282,435 322,107 20,995 343,102 Business combination 10,952,792 — 10,952,792 11,273,999 — 11,273,999 Ending balance W 58,334,000 239,094 58,573,094 45,568,563 23,272 45,591,835 2020 Securities at fair value through other Securities at amortized cost 12-month credit loss Life time credit loss Total 12-month credit loss Life time credit loss Total Beginning allowance W 58,334,000 239,094 58,573,094 45,568,563 23,272 45,591,835 Transfer to 12-month 30,233 (30,233 ) — — — — Transfer to life time expected credit loss (83,132 ) 83,132 — — — — Transfer to impaired financial asset — — — — — — Purchase 52,637,678 19,675 52,657,353 7,645,000 — 7,645,000 Disposal (34,969,744 ) (21,247 ) (34,990,991 ) — — — Repayment (17,610,988 ) (12 ) (17,611,000 ) (5,900,311 ) (23,272 ) (5,923,583 ) Others (*) (1,195,749 ) (23,274 ) (1,219,023 ) (20,143 ) — (20,143 ) Ending balance W 57,142,298 267,135 57,409,433 47,293,109 — 47,293,109 (*) Included the effects from changes in foreign exchange rate, amortization of fair value adjustments recognized through business combination accountings. (c) Changes in allowance for credit loss of debt securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2019 and 2020 are as follows: 2019 Securities at fair value through Securities at amortized cost 12 months Life time Total 12 months Life time Total Beginning allowance W 25,722 362 26,084 9,243 17 9,260 Transfer to 12 months expected credit loss 33 (33 ) — 4,301 (4,301 ) — Transfer to life time expected credit loss (60 ) 60 — — — — Transfer to impaired financial asset — — — — — — Provision (reversal) 8,403 (2,616 ) 5,787 (3,752 ) 4,295 543 Disposal (5,340 ) (258 ) (5,598 ) — — — Others (*) (1,177 ) 3,140 1,963 (33 ) — (33 ) Ending balance W 27,581 655 28,236 9,759 11 9,770 2020 Securities at fair value through Securities at amortized cost 12 months Life time Total 12 months Life time Total Beginning allowance W 27,581 655 28,236 9,759 11 9,770 Transfer to 12 months expected credit loss 22 (22 ) — — — — Transfer to life time expected credit loss (193 ) 193 — — — — Transfer to impaired financial asset — — — — — — Provision (reversal) 3,480 349 3,829 1,086 (11 ) 1,075 Disposal (9,019 ) (487 ) (9,506 ) — — — Others (*) 622 (10 ) 612 (359 ) — (359 ) Ending balance W 22,493 678 23,171 10,486 — 10,486 (*) Included the effects from changes in foreign exchange rate, debt restructuring, debt-equity swap. (d) Gain or loss on disposal of securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Gain on disposal of securities at FVOCI W 159,883 301,920 Loss on disposal of securities at FVOCI (7,605 ) (28,127 ) Gain on disposal of securities at amortized cost (*) 86 42 Loss on disposal of securities at amortized cost (*) (20 ) (67 ) W 152,344 273,768 (*) The issuers of those securities have exercised the early redemption options and the others. (e) Income or loss on equity securities at fair value through other comprehensive income i) The Group recognizes dividends, amounting to W W ii) The details of disposal of equity securities at fair value through other comprehensive income for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Fair value at the date of disposal W 45,074 69,969 Cumulative net gain at the time of disposal (10,843 ) (38,380 )

Loans at amortized cost

Loans at amortized cost	12 Months Ended
	Dec. 31, 2020
Loans at amortized cost and other assets [Abstract]
Loans at amortized cost and other assets	12. Loans at amortized cost and other assets (a) Loans at amortized cost for configuration by customer as of December 31, 2019 and 2020 are as follows: 2019 2020 Household loans W 134,423,473 146,789,916 Corporate loans 161,029,877 179,011,251 Public and other loans 3,311,735 3,734,629 Loans to banks 2,633,532 5,492,400 Credit card receivables 24,024,491 23,759,422 325,423,108 358,787,618 Discount (27,824 ) (21,948 ) Deferred loan origination costs 534,530 516,815 325,929,814 359,282,485 Less: Allowance for credit loss (2,684,835 ) (3,060,966 ) W 323,244,979 356,221,519 (b) Changes in carrying value of loans at amortized cost and other assets as of December 31, 2019 and 2020 are as follows: i) Loans at amortized cost 2019 Retail Corporate Credit card Others 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired Total Beginning balance W 114,279,870 6,820,058 348,722 129,468,766 21,782,590 919,381 18,155,156 3,830,509 413,175 5,695,187 605,440 15,686 302,334,540 Transfer (from) to 12 months expected credit losses 2,619,036 (2,614,416 ) (4,620 ) 4,093,725 (4,088,373 ) (5,352 ) 320,288 (320,129 ) (159 ) 37,430 (37,430 ) — — Transfer (from) to lifetime expected credit losses (5,385,659 ) 5,406,091 (20,432 ) (16,484,206 ) 16,597,346 (113,140 ) (603,069 ) 603,280 (211 ) (210,161 ) 210,333 (172 ) — Transfer (from) to credit- impaired financial assets (627,950 ) (43,168 ) 671,118 (1,088,270 ) (76,177 ) 1,164,447 (36,483 ) (22,473 ) 58,956 (39,844 ) — 39,844 — Net increase and decrease (*1) 13,234,263 (1,700,287 ) (222,961 ) 19,326,283 (9,567,098 ) (443,468 ) 1,583,714 33,389 305,336 (315,219 ) (148,875 ) (11,979 ) 22,073,098 Charge off — — (257,742 ) — — (259,400 ) — — (332,862 ) — — (8,718 ) (858,722 ) Disposal — (5,122 ) (108,624 ) (117,453 ) (3,806 ) (283,747 ) — — — — — (18,398 ) (537,150 ) Business combination 2,466,991 7,752 10,431 392,828 17,180 22,866 — — — — — — 2,918,048 Ending balance W 126,586,551 7,870,908 415,892 135,591,673 24,661,662 1,001,587 19,419,606 4,124,576 444,235 5,167,393 629,468 16,263 325,929,814 (*1) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (*2) The amount of uncollected loans currently in recovery (principal and interest) is W ii) Other financial assets 2019 12 month credit loss Life time credit loss Impaired Total Beginning balance W 31,508,694 99,461 32,003 31,640,158 Transfer (from) to 12 month expected credit losses 12,685 (12,675 ) (10 ) — Transfer (from) to lifetime expected credit losses (253,546 ) 253,575 (29 ) — Transfer (from) to credit- impaired financial assets (3,124 ) (5,324 ) 8,448 — Net increase and decrease (*2) 10,746,289 (230,014 ) 25,245 10,541,520 Charge off — — (29,456 ) (29,456 ) Disposal (*3) (182,212 ) (3 ) (1,062 ) (183,277 ) Business combination 1,416,216 1,497 10,826 1,428,539 Ending balance W 43,245,002 106,517 45,965 43,397,484 (*1) The amortized cost includes the gross carrying amount of deposits and other assets. (*2) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (*3) Included the disposal amount of financial instruments for the purpose of collecting loans for credit concentration risk management of non-current W i) Loans at amortized cost 2020 Retail Corporate Credit card Others 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired 12 months Life Impaired Total Beginning balance W 126,586,551 7,870,908 415,892 135,591,673 24,661,662 1,001,587 19,419,606 4,124,576 444,235 5,167,393 629,468 16,263 325,929,814 Transfer (from) to 12 months expected credit losses 2,891,847 (2,885,809 ) (6,038 ) 6,009,242 (6,006,226 ) (3,016 ) 351,253 (350,651 ) (602 ) 15,976 (15,976 ) — — Transfer (from) to lifetime expected credit losses (3,916,612 ) 3,944,714 (28,102 ) (9,015,428 ) 9,027,416 (11,988 ) (571,971 ) 572,291 (320 ) (85,337 ) 85,337 — — Transfer (from) to credit- impaired financial assets (189,681 ) (157,637 ) 347,318 (195,863 ) (441,969 ) 637,832 (114,388 ) (191,777 ) 306,165 (3,964 ) (37 ) 4,001 — Net increase and decrease (*1) 13,457,675 (556,142 ) 81,131 20,679,401 (1,030,466 ) 15,944 (115,242 ) (202,750 ) 290,907 3,311,105 (33,596 ) 2,402 35,900,369 Charge off — — (254,723 ) — — (317,514 ) — — (572,008 ) — — (2,531 ) (1,146,776 ) Disposal (313,150 ) (897 ) (89,051 ) (731,001 ) — (264,913 ) — — — — — (1,910 ) (1,400,922 ) Ending balance W 138,516,630 8,215,137 466,427 152,338,024 26,210,417 1,057,932 18,969,258 3,951,689 468,377 8,405,173 665,196 18,225 359,282,485 (*1) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. (*2) The amount of uncollected loans currently in recovery (principal and interest) is W ii) Other financial assets 2020 12 month credit loss Life time credit Impaired Total Beginning balance W 43,245,002 106,517 45,965 43,397,484 Transfer (from) to 12 month expected credit losses 15,157 (15,123 ) (34 ) — Transfer (from) to lifetime expected credit losses (25,839 ) 25,848 (9 ) — Transfer (from) to credit- impaired financial assets (1,628 ) (7,342 ) 8,970 — Net increase and decrease (*2) 8,633,124 (10,001 ) 30,490 8,653,613 Charge off — — (26,814 ) (26,814 ) Disposal — — (910 ) (910 ) Business combination(Note 47) 15,982 — — 15,982 Ending balance W 51,881,798 99,899 57,658 52,039,355 (*1) The amortized cost includes the gross carrying amount of deposits and other assets. (*2) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (c) Changes in allowance for credit loss of loans at amortized cost and other financial assets as of December 31, 2019 and 2020 are as follows: i) Loans at amortized cost 2019 Retail Corporate Credit cards Others 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired Total Beginning balance W 115,295 88,360 156,459 434,793 581,915 519,683 170,242 351,765 280,098 10,670 5,882 9,906 2,725,068 Transfer (from) to 12 months expected credit losses 18,079 (17,592 ) (487 ) 50,720 (48,295 ) (2,425 ) 55,815 (55,712 ) (103 ) 757 (757 ) — — Transfer (from) to lifetime expected credit losses (9,411 ) 17,342 (7,931 ) (35,790 ) 118,605 (82,815 ) (20,607 ) 20,756 (149 ) (159 ) 289 (130 ) — Transfer (from) to credit- impaired financial assets (942 ) (3,739 ) 4,681 (565 ) (13,332 ) 13,897 (1,250 ) (3,916 ) 5,166 — — — — Provision (reversal) (7,751 ) 19,130 214,260 (43,230 ) (31,265 ) 277,436 57,062 280,047 147,332 (4,067 ) 1,907 37 910,898 Charge off — — (257,742 ) — — (259,400 ) — — (332,862 ) — — (8,718 ) (858,722 ) Amortization of discount — — (274 ) — — (19,396 ) — — (5,541 ) — — — (25,211 ) Disposal — (241 ) (21,561 ) (6 ) (245 ) (30,436 ) — — — — — (820 ) (53,309 ) Collection — — 70,319 — — 62,973 — — 190,738 — — 1,876 325,906 Others (*) 2,484 (15,353 ) 4,522 13,810 (76,711 ) (27,910 ) (87,378 ) (227,692 ) 30,171 300 160 — (383,597 ) Business combination 15,658 3,118 6,792 20 614 17,600 — — — — — — 43,802 Ending balance W 133,412 91,025 169,038 419,752 531,286 469,207 173,884 365,248 314,850 7,501 7,481 2,151 2,684,835 (*) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. ii) Other financial assets 2019 12 months credit loss Life time credit loss Impaired Total Beginning balance W 39,927 6,930 24,764 71,621 Transfer (from) to 12 months expected credit losses 458 (453 ) (5 ) — Transfer (from) to lifetime expected credit losses (231 ) 244 (13 ) — Transfer (from) to credit- impaired financial assets (172 ) (2,310 ) 2,482 — Provision 2,822 2,667 28,456 33,945 Charge off — — (29,456 ) (29,456 ) Collection — — 1,873 1,873 Others (*2) (9,738 ) 9 435 (9,294 ) Business combination 921 185 9,054 10,160 Ending balance W 33,987 7,272 37,590 78,849 (*1) The amortized cost includes the gross carrying amount of deposits and other assets. (*2) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. i) Loans at amortized cost 2020 Retail Corporate Credit cards Others 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired Total Beginning balance W 133,412 91,025 169,038 419,752 531,286 469,207 173,884 365,248 314,850 7,501 7,481 2,151 2,684,835 Transfer (from) to 12 months expected credit losses 20,082 (19,487 ) (595 ) 67,590 (66,777 ) (813 ) 22,148 (21,591 ) (557 ) 164 (164 ) — — Transfer (from) to lifetime expected credit losses (9,077 ) 18,772 (9,695 ) (49,727 ) 55,512 (5,785 ) (11,568 ) 11,834 (266 ) (242 ) 242 — — Transfer (from) to credit- impaired financial assets (3,247 ) (9,010 ) 12,257 (1,590 ) (52,383 ) 53,973 (901 ) (2,041 ) 2,942 (13 ) (9 ) 22 — Provision (reversal) 5,253 (5,319 ) 199,765 149,400 211,341 265,557 103,793 210,592 137,254 4,188 2,048 6,823 1,290,695 Charge off — — (254,723 ) — — (317,514 ) — — (572,008 ) — — (2,531 ) (1,146,776 ) Amortization of discount — — (5,630 ) — — (15,151 ) — — (7,807 ) — — — (28,588 ) Disposal (343 ) (8 ) (18,605 ) (726 ) — (24,473 ) — — — — — (182 ) (44,337 ) Collection — — 85,819 — — 63,822 — — 200,234 — — 134 350,009 Others (*) 2,954 10,075 20,809 (16,085 ) (13,896 ) (7,579 ) (83,448 ) (189,589 ) 232,048 (164 ) 3 — (44,872 ) Ending balance W 149,034 86,048 198,440 568,614 665,083 481,244 203,908 374,453 306,690 11,434 9,601 6,417 3,060,966 (*) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. ii) Other financial assets 2020 12 months credit loss Life time credit loss Impaired Total Beginning balance W 33,987 7,272 37,590 78,849 Transfer (from) to 12 months expected credit losses 286 (273 ) (13 ) — Transfer (from) to lifetime expected credit losses (259 ) 264 (5 ) — Transfer (from) to credit- impaired financial assets (256 ) (1,492 ) 1,748 — Provision (reversal) (2,143 ) 2,650 33,278 33,785 Charge off — — (26,814 ) (26,814 ) Disposal (2 ) — (32 ) (34 ) Collection — — 2,166 2,166 Others (*2) 4,078 (140 ) 1,012 4,950 Ending balance W 35,691 8,281 48,930 92,902 (*1) The amortized cost includes the gross carrying amount of deposits and other assets. (*2) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. (d) Changes in deferred loan origination costs for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Beginning balance W 497,368 534,530 Loan origination 232,943 257,034 Amortization (208,998 ) (274,749 ) Business combination 13,217 — Ending balance W 534,530 516,815

Property and equipment, net

Property and equipment, net	12 Months Ended
	Dec. 31, 2020
Property and equipment, net [Abstract]
Property and equipment, net	13. Property and equipment (a) Details of property and equipment as of December 31, 2019 and 2020 are as follows: 2019 Acquisition Accumulated Carrying Land W 1,815,112 — 1,815,112 Buildings 1,167,514 (377,065 ) 790,449 Right-of-use 1,357,206 (244,410 ) 1,112,796 Others 2,130,805 (1,765,834 ) 364,971 W 6,470,637 (2,387,309 ) 4,083,328 2020 Acquisition Accumulated Carrying Land W 2,219,227 — 2,219,227 Buildings 1,230,187 (419,426 ) 810,761 Right-of-use 1,016,183 (425,766 ) 590,417 Others 2,197,485 (1,828,193 ) 369,292 W (2,673,385) 3,989,697 (b) Changes in property and equipment for the years ended December 31, 2019 and 2020 are as follows: 2019 Land Buildings Right-of-use Others Total Beginning balance W 1,827,711 852,569 583,576 313,853 3,577,709 Acquisition (*1) 69,045 16,946 805,783 184,630 1,076,404 Disposal (*1) (249 ) (1,719 ) (12,595 ) (29,081 ) (43,644 ) Depreciation — (55,450 ) (298,538 ) (125,669 ) (479,657 ) Amounts transferred from(to) investment property (81,311 ) (23,262 ) — — (104,573 ) Amounts transferred from(to) intangible assets — — — 271 271 Amounts transferred from(to) non-current (410 ) (45 ) — — (455 ) Effects of foreign currency movements 326 1,410 2,981 9,314 14,031 Business combination — — 31,589 11,653 43,242 Ending balance W 1,815,112 790,449 1,112,796 364,971 4,083,328 (*1) W (*2) Included buildings, and land. 2020 Land Buildings Right-of-use Others Total Beginning balance W 1,815,112 790,449 1,112,796 364,971 4,083,328 Acquisition (*1) 78,066 56,828 305,958 140,958 581,810 Disposal (*1) (92,683 ) (46,897 ) (24,173 ) (2,398 ) (166,151 ) Depreciation — (56,041 ) (286,028 ) (133,437 ) (475,506 ) Amounts transferred from(to) investment property 55,316 (51,252 ) — — 4,064 Amounts transferred from(to) intangible assets — — — 3,738 3,738 Amounts transferred from(to) non-current (31,622 ) (11 ) — — (31,633 ) Amounts transferred from(to) right-of-use 395,346 118,091 (513,437 ) — — Others — — — (2,235 ) (2,235 ) Effects of foreign currency movements (308 ) (406 ) (5,380 ) (2,459 ) (8,553 ) Business combination (Note 47) — — 681 154 835 Ending balance W 2,219,227 810,761 590,417 369,292 3,989,697 (*1) W (*2) Included buildings, and land. (c) Insured assets and liability insurance as of December 31, 2020 are as follows: 2020 Type of insurance Insured assets and objects Amount Insurance company Comprehensive insurance for financial institutions Cash(including W 25,200 Samsung Fire & Marine Insurance Co., Ltd.,etc. Comprehensive Property insurance Property Total Risk, 1,510,644 Samsung Fire & Marine Insurance Co., Ltd., etc. Fire insurance Business property 24,235 Meritz Fire & Marine Insurance Co., Ltd., etc. Compensation liability insurance for officers Officer liability of 110,000 Meritz Fire & Marine Insurance Co., Ltd., etc. Compensation liability insurance for employee accident Employee 71,287 Meritz Fire & Marine Insurance Co., Ltd., etc. Burglary insurance Cash and securities 80,165 Samsung Fire & Marine Insurance Co., Ltd., etc. Others Personal 32,549 Samsung Fire & Marine Insurance Co., Ltd., etc.

Intangible assets, net

Intangible assets, net	12 Months Ended
	Dec. 31, 2020
Intangible assets, net [Abstract]
Intangible assets, net	14. Intangible assets (a) Details of intangible assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Goodwill W 4,690,049 4,689,792 Software 129,235 144,535 Development cost 144,100 183,592 Others 595,330 462,700 W 5,480,619 (b) Changes in intangible assets for the years ended December 31, 2019 and 2020 are as follows: 2019 Goodwill Software Development Others Total Beginning balance W 3,903,518 102,393 82,536 231,687 4,320,134 Acquisition — 56,834 71,713 675,070 803,617 Disposal — (428 ) (1,310 ) (16,476 ) (18,214 ) Amounts transferred from(to) property and equipment — 697 (968 ) — (271 ) Impairment (*1)(*2) — — (474 ) (151,169 ) (151,643 ) Amortization (*3) — (40,578 ) (37,832 ) (189,533 ) (267,943 ) Effects of foreign currency movements — 848 — 901 1,749 Business combination 786,531 9,469 30,435 44,850 871,285 Ending balance W 4,690,049 129,235 144,100 595,330 5,558,714 (*1) The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2019, the impairment loss amounted to W non-operating (*2) Memberships were impaired. Memberships such as golf and condominium memberships are intangible assets that cannot be limited to a specific period of time. If the market value of the exchanges is less than the carrying amount as of December 31, 2019, the impairment loss is recognized. (*3) Included in general administrative expense and other operating income of the consolidated statements of comprehensive income. 2020 Goodwill Software Development Others Total Beginning balance W 4,690,049 129,235 144,100 595,330 5,558,714 Acquisition — 64,195 105,101 64,079 233,375 Disposal — (1 ) (75 ) (26,785 ) (26,861 ) Amounts transferred from(to) property and equipment — 1,415 (7,820 ) 2,667 (3,738 ) Impairment (*1)(*2) (14,235 ) — — (27,075 ) (41,310 ) Amortization (*3) — (49,159 ) (57,690 ) (145,756 ) (252,605 ) Effects of foreign currency movements — (1,150 ) (24 ) (222 ) (1,396 ) Business combination (Note 47) 13,978 — — 462 14,440 Ending balance W 4,689,792 144,535 183,592 462,700 5,480,619 (*1) The number of customer contacts decreased due to the decrease in the base interest rate in Indonesia in 2020 and the impact of COVID-19. W W W (*2) The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2020, the impairment loss amounted to W non-operating (*3) Included in general administrative expense and other operating income of the consolidated statements of comprehensive income. (c) Goodwill i) Goodwill allocated in the Group’s CGUs as of December 31, 2019 and 2020 2019 2020 Banking W 810,058 795,823 Credit card 2,880,383 2,880,383 Securities 7,904 7,904 Life insurance (Shinhan Life Insurance Co., Ltd.) 275,371 275,371 Life insurance (Orange Life Insurance Co., Ltd.) 564,576 564,576 Others 151,757 165,735 W 4,690,049 4,689,792 ii) Changes in goodwill for the years ended December 31, 2019 and 2020 2019 2020 Beginning balance W 3,903,518 4,690,049 Acquisitions through business combinations (*1)(*2) 786,531 13,978 Impairment losses — (14,235 ) Ending balance W 4,690,049 4,689,792 (*1) It is the goodwill recognized by the Group as it newly acquired the Neoflux Co., Ltd. (Note 47) (*2) It is the goodwill recognized by the Group as it newly acquired the Orange Life Insurance Co., Ltd. (“Orange Life”), Asia Trust Co., and the Shinhan Card’s acquisition of the new business for the year ended December 31, 2019. iii) Goodwill impairment test The recoverable amounts of each CGU are evaluated based on their respective value in use. • Explanation on evaluation method The income approach is applied when evaluating the recoverable amounts based on value in use, considering the characteristics of each unit or group of CGU. • Projection period When evaluating the value in use, 5.5 years of cash flow estimates are used in projection and the value thereafter is reflected as terminal value. 30 years and 60 years of cash flow estimates for Shinhan Life and Orange Life, respectively are applied and the present value of the future cash flows thereafter is not applied as it is not significant. • Discount rates and terminal growth rates The required rates of return expected by shareholders are applied to the discount rates. It is calculated in consideration of which comprises a risk-free interest rate, a market risk premium and systemic risk (beta factor). In addition, terminal growth rate is estimated based on inflation rate. • Discount rates and terminal growth rates applied to each CGU are as follows: Discount rate(%) Terminal growth rate(%) Banking 9.3~13.1 1.0~2.0 Credit card 8.4~12.9 1.0~2.0 Securities 12.3~13.0 2.0 Life insurance (Shinhan Life Insurance) 7.0 — Life insurance (Orange Life Insurance Co., Ltd.) 7.0 — Others 10.9~13.5 1.0 iv) Key assumptions Key assumptions used in the discounted cash flow calculations of CGUs (other than life insurance components) are as follows: 2020 2021 2022 2023 2024 2025 CPI growth(%) 0.4 1.2 1.8 1.7 1.7 1.7 Private consumption growth(%) (3.2 ) 2.6 2.8 2.6 2.4 2.4 Real GDP growth(%) (1.8 ) 2.6 2.9 2.7 2.7 2.7 Key assumptions used in the discounted cash flow calculations of life insurance components are as follows: Key assumptions Rate of return on investment(%) 2.4~2.8 Risk-based capital ratio(%) 150.0 v) Total recoverable amount and total carrying value of CGUs to which goodwill has been allocated, are as follows: Amount Total recoverable amount W 49,034,706 Total carrying value (*1) 43,690,747 W 5,343,959 (*1) It is the carrying amount after reflecting the impairment loss in the banking sector. (*2) The goodwill that the fair value assessment of the intangible asset identification and identification assets for allocation of the consideration for Neoplux Co., Ltd. is excluded because the valuations are not completed(Note 47).

Investments in associates

Investments in associates	12 Months Ended
	Dec. 31, 2020
Investments in associates [Abstract]
Investments in associates	15. Investments in associates (a) Investments in associates as of December 31, 2019 and 2020 are as follows: Investees Country Date of financial Ownership (%) 2019 2020 BNP Paribas Cardif Life Insurance (*1)(*2) Korea September 30 14.99 14.99 Songrim Partners (*1)(*3) Korea December 31 35.34 35.34 Neoplux Technology Valuation Investment Fund (*11) Korea — 33.33 — Partners 4th Growth Investment Fund (*1) Korea September 30 25.00 25.00 KTB Newlake Global Healthcare PEF (*1) Korea September 30 30.00 30.00 Daekwang Semiconductor Co., Ltd. (*1)(*3) Korea September 30 20.94 20.94 Shinhan-Neoplux Energy Newbiz Fund Korea December 31 23.33 31.66 Shinhan-Albatross tech investment Fund (*4) Korea December 31 50.00 49.97 Plutus-SG Korea — 26.67 — Eum Private Equity Fund No.3 Korea December 31 20.76 20.76 KTB Confidence Private Placement (*6) Korea — 31.43 — Meritz AI-SingA330-A Korea December 31 23.89 23.89 Meritz AI-SingA330-B Korea December 31 20.16 20.16 VOGO Debt Strategy Qualified INV Private Korea December 31 20.00 20.00 Shinhan-Midas Donga Secondary Fund (*5) Korea December 31 50.00 50.00 ShinHan – Soo Young Entrepreneur Investment Fund No.1 Korea December 31 24.00 24.00 Synergy-Shinhan Mezzanine New Technology Investment Fund (*6) Korea — 47.62 — Shinhan Praxis K-Growth Korea December 31 18.87 18.87 Credian Healthcare Private Equity Fund II Korea December 31 34.07 34.07 Kiwoom Milestone Professional Private Real Estate Trust 19 Korea December 31 50.00 50.00 AIP EURO Green Private Real Estate Trust No.3 Korea December 31 21.28 21.28 Hanhwa US Equity Strategy Private Real Estate Fund No.1 Korea December 31 44.84 44.84 Shinhan Global Healthcare Fund 1 (*8) Korea December 31 4.41 4.41 JB Power TL Investment Type Private Placement Special Asset Fund 7 Korea December 31 33.33 33.33 IBK AONE convertible 1 (*6) Korea — 47.25 — Rico synergy collabo Multi-Mezzanine Korea — 50.03 — KB NA Hickory Private Special Asset Fund Korea December 31 37.50 37.50 Investees Country Date of financial Ownership (%) 2019 2020 Koramco Europe Core Private Placement Real Estate Fund No.2-2 Korea December 31 44.02 44.02 BNP Paribas Cardif General Insurance (*1)(*2) Korea September 30 10.00 7.46 Axis Global Growth New Technology Investment Association (*6) Korea — 31.85 — Hermes Private Investment Equity Fund Korea December 31 29.17 29.17 SHC ULMUS Fund No.1 (*6) Korea — 29.41 — Shinhan-Nvestor Liquidity Solution Fund Korea December 31 24.92 24.92 Shinhan AIM FoF Fund 1a Korea December 31 25.00 25.00 IGIS Global Credit Fund 150-1 Korea December 31 25.00 25.00 GX Shinhan Intervest 1st Private Equity Fund (*6) Korea — 25.27 — Soo Commerce Platform Growth Fund Korea December 31 24.62 24.62 Partner One Value up I Private Equity Fund Korea December 31 27.91 27.91 Genesis No.1 Private Equity Fund Korea December 31 22.80 22.80 GMB ICT New Technology Investment Fund (*6) Korea — 26.75 — Korea Omega Project Fund III Korea December 31 23.53 23.53 Soo Delivery Platform Growth Fund Korea December 31 30.00 30.00 Genesis North America Power Company No.1 PEF Korea December 31 39.92 39.96 Hyungje art printing (*1)(*3) Korea December 31 31.54 31.54 SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Korea December 31 23.33 23.33 Shinhan-Rhinos 1 Fund Korea December 31 22.48 22.48 Pacific Private Investment Trust No.20 Korea December 31 21.74 21.74 Susung Mezzanine project P1 Private Investment Trust Korea December 31 41.18 41.31 Korea Finance Security (*1)(*8) Korea September 30 14.91 14.91 Multimedia Tech Co.Ltd (*1)(*3) Korea December 31 21.06 21.06 MIEL CO.,LTD (*1)(*3) Korea December 31 28.77 28.77 AIP Transportation Specialized Privately Placed Fund Trust #1 Korea December 31 35.73 35.73 DB Epic Convertiblebond Private Trust No.2 (*7)(*9) Korea December 31 50.00 50.98 PCC S/W 2nd Fund (*6) Korea — 29.56 — E&Healthcare Investment Fund No.6 Korea December 31 20.37 21.05 One Shinhan Global Fund1 (*4)(*8) Korea December 31 19.98 19.96 Kiwoom-Shinhan Innovation Fund I (*5) Korea December 31 50.00 50.00 Daishin-K&T Korea December 31 31.25 31.25 Midas Asset Global CRE Debt Private Fund No.6 Korea December 31 20.05 41.16 Richmond Private Investment Trust No.82 (*7) Korea December 31 60.00 60.00 Tiger Alternative Real Estate Professional Private5 Korea December 31 48.71 48.71 Samchully Midstream Private Placement Special Asset Fund 5-4 Korea December 31 42.92 42.92 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 Korea December 31 20.00 20.00 AUCTUS FITRIN Corporate Recovery Private Equity Fund (*6) Korea — 21.43 — Investees Country Date of financial Ownership (%) 2019 2020 NH-Amundi Korea December 31 30.00 30.00 Pacific Private Real Estate Fund Investment Trust No.30 (*6) Korea — 37.50 — Jarvis Memorial Private Investment Trust 1 (*7) Korea December 31 99.01 99.01 Mastern Private Private Invetstment Trust 68 (*7) Korea December 31 53.76 53.76 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 (*7) Korea December 31 60.00 60.00 Milestone Private Real Estate Fund 3 (Derivative Type) Korea December 31 32.06 32.06 IGIS Private Real Estate Investment Trust 286 Korea December 31 41.56 41.44 Nomura-Rifa Private Real Estate Investment Trust 31 Korea December 31 31.31 31.31 Lime Pricing Private Equity Fund (*6) Korea — 25.85 — SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 Korea December 31 21.27 21.27 DS Solid.II Hedge Fund (*6) Korea — 27.41 — Hana Semiconductor New Technology Fund Korea December 31 24.30 24.30 J&Magnet Startup Venture Specialized Private Equity Fund Korea December 31 24.39 24.39 Cape IT Fund No.3 Korea December 31 32.89 32.89 FuturePlay-Shinhan TechInnovation Fund 1 (*5) Korea December 31 50.00 50.00 Stonebridge Corporate 1st Fund Korea December 31 44.12 44.12 Vogo Realty Partners Private Real Estate Fund V Korea December 31 21.64 21.64 IL GU FARM CO.,LTD (*6) Korea — 28.47 — Korea Credit Bureau (*1)(*8) Korea September 30 9.00 9.00 Goduck Gangil1 PFV Co., Ltd (*1)(*8) Korea September 30 1.04 1.04 SBC PFV Co., Ltd (*1)(*10) Korea September 30 25.00 25.00 Sprott Global Renewable Private Equity Fund II (*6) Korea — 23.10 — NH-amundi Korea December 31 50.00 50.00 IMM Global Private Equity Fund Korea December 31 31.85 33.00 HANA Alternative Estate Professional Private122 (*7) Korea December 31 75.19 75.19 Hanwha-Incus Plus New Technology Fund No.1 Korea December 31 42.64 42.64 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] Korea December 31 45.96 45.96 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust (*12) Korea December 31 57.50 72.39 PSA EMP Private Equity Fund Korea December 31 28.99 28.99 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 (*7) Korea December 31 52.28 52.28 SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF] Korea — 25.70 — SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF] Korea — 25.42 — BRAIN DO PROFESSIONALE PRIVATE No. 27 Korea December 31 29.13 29.13 VISION US Muni US Local Debt Opportunities Professional Private1 (*11) Korea — 25.00 — Investees Country Date of financial Ownership (%) 2019 2020 UI Venture Fund 7th (*5) Korea December 31 — 24.39 Sparklabs-Shinhan Opportunity Fund 1 (*5) Korea December 31 — 49.50 BNW Tech-Innovation Private Equity Fund (*5) Korea December 31 — 29.85 IGIS Real-estate Private Investment Trust No.33 Korea December 31 — 40.86 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust Korea December 31 — 31.58 WWG Global Real Estate Investment Trust no.4 Korea December 31 — 29.55 Fidelis Global Private Real Estate Trust No.2 (*7) Korea December 31 — 78.26 IGIS PRIVATE REAL ESTATE TRUST NO.331 Korea December 31 — 30.77 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 Korea December 31 — 28.70 Pebblestone CGV Private Real Estate Trust No.1 Korea December 31 — 48.53 Shinhan AIM Real Estate Fund No.2 Korea December 31 — 30.00 Shinhan AIM Real Estate Fund No.1 Korea December 31 — 21.01 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business] Korea December 31 — 22.02 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business] Korea December 31 — 29.19 SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) Korea December 31 — 71.43 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative] Korea December 31 — 30.00 Korea Omega-Shinhan Project Fund I (*5) Korea December 31 — 50.00 New Green Shinhan Mezzanine Fund (*5) Korea December 31 — 39.22 KORAMKO-Daum Professional Private Investment Trust No.12 Korea December 31 — 33.33 Samsung SRA Real Estate Professional Private 45[FoFs] Korea December 31 — 25.00 IBK Global New Renewable Energy Special Asset Professional Private2 Korea December 31 — 28.98 VS Cornerstone Fund Korea December 31 — 41.18 Aone Mezzanine Opportunity Professional Private (*7) Korea December 31 — 66.12 KiwoomUnicorn3New Technology Business Investment Fund Korea December 31 — 21.28 Multi Asset The United States Thortons Professional Private1 Korea December 31 — 25.00 Kiwoom Milestone US Real Estate Professional Private20 (*7) Korea December 31 — 75.27 NH-Amundi Korea December 31 — 25.91 KB Distribution Private Real Estate1 (*7) Korea December 31 — 62.00 Investees Country Date of financial Ownership (%) 2019 2020 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business] Korea December 31 — 28.93 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative] Korea December 31 — 30.00 Kakao-Shinhan 1st TNYT Fund (*5) Korea December 31 — 48.62 IMM Special Situation 1-2 Korea December 31 — 20.02 Pacific Private Placement Real Estate Fund No.40 Korea December 31 — 24.73 Mastern Private Real Estate Loan Fund No.2 Korea December 31 — 33.57 LB Scotland Amazon Fulfillment Center Fund 29 (*7) Korea December 31 — 70.14 JR AMC Hungary Budapest Office Fund 16 Korea December 31 — 32.57 IGIS 372 Real Estate Professional Private Korea December 31 — 28.39 KoFC-Neoplux R&D-Biz 2013-1 Korea December 31 — 19.00 Future-Creation Neoplux Venture Capital Fund (*4) Korea December 31 — 16.25 Gyeonggi-Neoplux Superman Fund (*4) Korea December 31 — 21.76 NewWave 6th Fund (*4) Korea December 31 — 30.00 Neoplux No.3 Private Equity Fund (*4) Korea December 31 — 10.00 PCC Amberstone Private Equity Fund I Korea December 31 — 21.67 KIAMCO POWERLOAN TRUST 4TH Korea December 31 — 47.37 Mastern Opportunity Seeking Real Estate Fund II Korea December 31 — 20.00 AION ELFIS PROFESSIONAL PRIVATE 1 Korea December 31 — 20.00 T&F 2020 SS Private Equity Fund Specializing in Start-up Korea December 31 — 29.68 Neoplux Market-Frontier Secondary Fund (*4) Korea December 31 — 19.74 Synergy Green New Deal 1st New Technology Business Investment Fund Korea December 31 — 28.17 KAIM Real-estate Private Investment Trust 20 Korea December 31 — 38.46 KIAMCO Vietnam Solar Special Asset Private Investment Trust Korea December 31 — 50.00 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 (*7) Korea December 31 — 62.50 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 Korea December 31 — 97.85 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 Korea December 31 — 97.85 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Korea December 31 — 25.00 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 (*7) Korea December 31 — 58.82 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 Korea December 31 — 30.00 Investees Country Date of financial Ownership (%) 2019 2020 Eum Private Equity Fund No.7 Korea December 31 — 21.00 Kiwoom Private Equity Ant-Man Korea December 31 — 25.00 Kiwoom Hero No.4 Private Equity Fund Korea December 31 — 21.05 Vogo Canister Professional Trust Private Fund I Korea December 31 — 36.68 (*1) The latest financial statements are used for the equity method since the financial statements as of December 31, 2020 are not available. Significant trades and events occurred within the period are properly reflected. (*2) The Group applies the equity method accounting as the Group has a significant influence on the investees through important business transactions. (*3) As a part of the rehabilitation process, the Group acquired shares through the conversion of equity investments, as the Group cannot exercise voting rights during the process, the Group has classified the shares as investments at fair value through profit or loss. The Group reclassified Securities at fair value through profit or loss to investments in associates as the reorganization procedures are completed and now the Group can normally exercise its voting rights to the investees. (*4) As a managing partner, the Group has a significant influence over the investees. (*5) As a limited partner, the Group does not have an ability to participate in policy-making processes to obtain economic benefit from the investees that would allow the Group to control the entity. (*6) Excluded from the investments in associates due to full or partial disposal of shares, or loss of significant influence. (*7) Although the ownership interests are more than 50%, the Group applies the equity method accounting as the Group does not have an ability to participate in the financial and operating policy-making process. (*8) Although the ownership percentages are less than 20%, the Group applies the equity method accounting since it participates in policy-making processes and therefore can exercise significant influence on investees. (*9) For the year ended December 31, 2020, the name is changed from ‘Lime Neptune Professional Private 6’ to ‘DB Epic Convertible bond Private Trust No.2’. (*10) The rate of Group’s voting rights is 4.65%. (*11) For the year ended December 31, 2020, it is incorporated into the consolidation target as it held control due to increased equity ratio. (*12) It has a significant influence with a 50% or more stake. However, the full payment guarantee for the investment does not expose the variable profit. Therefore, the investment amount is classified as an investment assets in the associates. (b) Changes in investments in associates for the years ended December 31, 2019 and 2020 are as follows: 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance BNP Paribas Cardif Life Insurance W 49,816 (373 ) (517 ) 3,660 — 52,586 Songrim Partners. (*1) — — — — — — Neoplux Technology Valuation Investment Fund 18,738 (1,661 ) (693 ) — — 16,384 Partners 4th Growth Investment Fund 16,612 (1,219 ) (476 ) — — 14,917 KTB Newlake Global Healthcare PEF 9,885 1,500 (105 ) — — 11,280 Daekwang Semiconductor Co., Ltd. 3,334 — 52 2 — 3,388 Shinhan-Neoplux Energy Newbiz Fund 3,974 4,200 (294 ) — — 7,880 Shinhan-Albatross tech investment Fund 8,908 — 132 (306 ) — 8,734 KCLAVIS Meister Fund No.17 3,083 (1,801 ) (84 ) — — 1,198 Plutus-SG 4,252 (132 ) 111 — — 4,231 SG ARGES Private Equity Fund No.1 4,341 (4,796 ) 455 — — — Eum Private Equity Fund No.3 4,889 (2,476 ) 1,161 — — 3,574 KTB Confidence Private Placement 5,302 (215 ) 980 — — 6,067 Meritz AI-SingA330-A 5,432 (1,266 ) 90 — — 4,256 Meritz AI-SingA330-B 8,429 242 245 — — 8,916 VOGO Debt Strategy Qualified INV Private R/E INV TR 4 4,831 4,820 279 — — 9,930 Platform Partners brick save Private Investment trust 8,120 (8,197 ) 77 — — — Shinhan-Midas Donga Secondary Fund 2,061 1,750 (325 ) — — 3,486 ShinHan – Soo Young Entrepreneur Investment Fund No.1 2,554 1,968 27 — — 4,549 Synergy-Shinhan Mezzanine New Technology Investment Fund 10,149 (6,492 ) 255 — — 3,912 Shinhan Praxis K-Growth 16,527 (8,745 ) 2,520 — — 10,302 Credian Healthcare Private Equity Fund II 4,553 (2,526 ) 350 — — 2,377 Kiwoom Milestone Professional Private Real Estate Trust 19 10,419 (241 ) 229 — — 10,407 AIP EURO Green Private Real Estate Trust No.3 20,544 (1,248 ) 1,588 — — 20,884 Brain Professional Private Trust No.4 5,244 (5,175 ) (69 ) — — — 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Hanhwa US Equity Strategy Private Real Estate Fund No.1 W 26,232 (1,866 ) 1,598 — — 25,964 Brain KS Qualified Privately Placed Fund No.6 5,097 (5,041 ) (56 ) — — — Shinhan Global Healthcare Fund 1 3,285 — (76 ) — — 3,209 JB Power TL Investment Type Private Placement Special Asset Fund 7 17,484 (1,513 ) 829 — — 16,800 IBK AONE convertible 1 5,906 — 171 — — 6,077 Rico synergy collabo Multi-Mezzanine 3 5,290 (2,501 ) 428 — — 3,217 KB NA Hickory Private Special Asset Fund 34,360 445 1,125 — — 35,930 GB Professional Private Investment Trust 6 8,588 (8,588 ) — — — — Koramco Europe Core Private Placement Real Estate Fund No.2-2 18,616 (1,458 ) 2,404 — — 19,562 SHBNPP Private Korea Equity Long-Short Professional Feeder 14,370 (14,325 ) (45 ) — — — Shinhan-Stonebridge Petro PEF 18,681 (19,589 ) 909 — — 1 BNP Paribas Cardif General Insurance 3,423 — (1,296 ) (14 ) — 2,113 Axis Global Growth New Technology Investment Association 4,875 (1,592 ) (78 ) — — 3,205 Polaris No7 Start up and Venture Private Equity Fund 4,338 (2,300 ) 265 — — 2,303 Hermes Private Investment Equity Fund 7,065 — (689 ) — — 6,376 SHC ULMUS Fund No.1 2,890 — 259 — — 3,149 Shinhan-Nvestor Liquidity Solution Fund 2,689 2,700 (524 ) — — 4,865 Shinhan AIM FoF Fund 1a 4,351 2,363 528 — — 7,242 Daishin Heim Qualified Investor Private Investment Trust No.1808 10,126 (10,297 ) 171 — — — Heungkuk High Class Professional Trust Private Fund 37 9,438 (9,505 ) 67 — — — IGIS Global Credit Fund 150-1 8,896 781 41 — — 9,718 GX Shinhan Intervest 1st Private Equity Fund 31,831 — 1,335 — — 33,166 Soo Commerce Platform Growth Fund 6,378 — (35 ) — — 6,343 Partner One Value up I Private Equity Fund 11,939 — (48 ) — — 11,891 Genesis No.1 Private Equity Fund 45,758 404 4,988 — — 51,150 GMB ICT New Technology Investment Fund 7,934 — (80 ) — — 7,854 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Korea Omega Project Fund III W 1,992 — 1,024 — — 3,016 Soo Delivery Platform Growth Fund 8,983 (171 ) 110 — — 8,922 Genesis North America Power Company No.1 PEF 20,824 (4,035 ) 1,486 — — 18,275 Hyungje art printing (*1) — — — — — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 6,204 14,147 361 — — 20,712 Shinhan-Rhinos 1 Fund — 3,000 29 — — 3,029 Pacific Private Investment Trust No.20 — 3,819 257 — — 4,076 Susung Mezzanine project P1 Private Investment Trust — 4,000 1,128 — — 5,128 Korea Finance Security (*2) — 3,448 (213 ) — — 3,235 MIEL CO.,LTD (*3) — — — — — — AIP Transportation Specialized Privately Placed Fund Trust #1 — 31,136 444 — — 31,580 Lime Neptune Professional Private 6 — 5,000 63 — — 5,063 PCC S/W 2nd Fund — 3,000 1 — — 3,001 E&Healthcare Investment Fund No.6 — 7,030 746 — — 7,776 One Shinhan Global Fund 1 — 4,520 (79 ) — — 4,441 Kiwoom-Shinhan Innovation Fund I — 7,500 (216 ) — — 7,284 Daishin-K&T — 7,000 57 — — 7,057 Midas Asset Global CRE Debt Private Fund No.6 — 23,194 537 — — 23,731 Richmond Private Investment Trust No.82 — 14,569 551 — — 15,120 Tiger Alternative Real Estate Professional Private5 — 19,876 (56 ) — — 19,820 Samchully Midstream Private Placement Special Asset Fund 5-4 — 29,436 1,306 — — 30,742 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 — 52,048 1,783 — — 53,831 AUCTUS FITRIN Corporate Recovery Private Equity Fund — 14,250 108 — — 14,358 NH-Amundi — 17,769 728 — — 18,497 Pacific Private Real Estate Fund Investment Trust No.30 — 14,236 580 — — 14,816 Jarvis Memorial Private Investment Trust 1 — 9,888 278 — — 10,166 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Mastern Private Private Investment Trust 68 W — 9,764 235 — — 9,999 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 — 4,434 (37 ) — — 4,397 Milestone Private Real Estate Fund 3 (Derivative Type) — 17,016 170 — — 17,186 IGIS Private Real Estate Investment Trust 286 (2 class) — 10,100 (332 ) — — 9,768 Nomura-Rifa Private Real Estate Investment Trust 31 (2 class) — 9,018 (104 ) — — 8,914 Lime Pricing Private Equity Fund — 8,400 (100 ) — — 8,300 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 — 39,376 2,615 — — 41,991 DS Solid.II Hedge Fund — 4,300 (177 ) — — 4,123 Hana Semiconductor New Technology Fund — 13,000 (144 ) — — 12,856 J&Magnet Startup Venture Specialized Private Equity Fund — 6,000 (21 ) — — 5,979 Cape IT Fund No.3 — 10,000 (33 ) — — 9,967 Vogo Realty Partners Private Real Estate Fund V — 10,611 (235 ) — — 10,376 IL GU FARM CO.,LTD — — — — — — Korea Credit Bureau (*2) — 4,500 2,312 — — 6,812 SBC PFV Co., Ltd — 20,000 — — — 20,000 Sprott Global Renewable Private Equity Fund II — 20,131 (1,115 ) — — 19,016 NH-amundi — 49,530 (1,372 ) — — 48,158 IMM Global Private Equity Fund — 28,945 (20 ) — — 28,925 HANA Alternative Estate Professional Private122 — 28,487 (2,282 ) — — 26,205 Hanwha-Incus Plus New Technology Fund No.1 — 5,500 (1 ) — — 5,499 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] — 51,293 — — — 51,293 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust — 146,045 4,272 — — 150,317 PSA EMP Private Equity Fund — 10,000 (73 ) — — 9,927 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 W — 28,314 1,149 — — 29,463 SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF] — 5,727 — — — 5,727 SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF] — 5,729 — — — 5,729 BRAIN DO PROFESSIONALE PRIVATE No. 27 — 3,000 65 — — 3,065 VISION US Muni US Local Debt Opportunities Professional Private1(S) — 9,500 369 — — 9,869 Others 81,490 (14,513 ) 18,954 — — 85,931 W 724,902 53,287 3,342 — 1,452,861 (*1) The Group has stopped recognizing its equity method income or loss due to the carrying amount of ‘0’ resulting from the investees’ cumulative loss. (*2) Classified as investments in associates without cash transactions. (*3) No gains or losses from the equity method investees have been recognized after the acquisition of a debt-equity swap in 2019. 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance BNP Paribas Cardif Life Insurance W 52,586 — (928 ) (1,058 ) — 50,600 Songrim Partners (*1) — — — — — — Neoplux Technology Valuation Investment Fund (*3) 16,384 (16,171 ) (213 ) — — — Partners 4th Growth Investment Fund 14,917 (4,474 ) 1,515 — — 11,958 KTB Newlake Global Healthcare PEF 11,280 (1,950 ) 74 — — 9,404 Daekwang Semiconductor Co., Ltd. 3,388 — 243 — — 3,631 Shinhan-Neoplux Energy Newbiz Fund (*4) 7,880 5,887 703 — — 14,470 Shinhan-Albatross tech investment Fund 8,734 4,650 (62 ) — — 13,322 Plutus-SG 4,231 (5,230 ) 999 — — — Eum Private Equity Fund No.3 3,574 (5,621 ) 2,050 — — 3 KTB Confidence Private Placement 6,067 (6,063 ) (4 ) — — — 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Meritz AI-SingA330-A W 4,256 (772 ) (3,484 ) — — — Meritz AI-SingA330-B 8,916 (48 ) (8,868 ) — — — VOGO Debt Strategy Qualified INV Private 9,930 (1,700 ) 472 — — 8,702 Shinhan-Midas Donga Secondary Fund 3,486 1,150 116 — — 4,752 ShinHan – Soo Young Entrepreneur Investment Fund No.1 4,549 1,495 3,924 — — 9,968 Synergy-Shinhan Mezzanine New Technology Investment Fund 3,912 (4,406 ) 494 — — — Shinhan Praxis K-Growth 10,302 78 (435 ) — — 9,945 Credian Healthcare Private Equity Fund II 2,377 (4,937 ) 8,395 — — 5,835 Kiwoom Milestone Professional Private Real Estate Trust 19 10,407 (265 ) (224 ) — — 9,918 AIP EURO Green Private Real Estate Trust No.3 20,884 (1,189 ) 1,326 — — 21,021 Hanhwa US Equity Strategy Private Real Estate Fund No.1 25,964 (26,907 ) 3,220 — — 2,277 Shinhan Global Healthcare Fund 1 3,209 — 128 — (3,337 ) — JB Power TL Investment Type Private Placement Special Asset Fund 7 16,800 (1,359 ) 745 — — 16,186 IBK AONE convertible 1 6,077 (6,048 ) (29 ) — — — Rico synergy collabo Multi-Mezzanine 3 3,217 (3,221 ) 4 — — — KB NA Hickory Private Special Asset Fund 35,930 (2,609 ) 1,617 — — 34,938 Koramco Europe Core Private Placement Real Estate Fund No.2-2 19,562 (1,330 ) 386 — — 18,618 BNP Paribas Cardif General Insurance 2,113 3,066 (1,244 ) (40 ) — 3,895 Axis Global Growth New Technology Investment Association 3,205 (2,920 ) (285 ) — — — Hermes Private Investment Equity Fund 6,376 — (277 ) — — 6,099 SHC ULMUS Fund No.1 3,149 (3,289 ) 140 — — — Shinhan-Nvestor Liquidity Solution Fund 4,865 (1,004 ) 632 — — 4,493 Shinhan AIM FoF Fund 1a 7,242 1,324 194 — — 8,760 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance IGIS Global Credit Fund 150-1 W 9,718 (4,002 ) 1,566 — — 7,282 GX Shinhan Intervest 1st Private Equity Fund 33,166 (54,515 ) 21,349 — — — Soo Commerce Platform Growth Fund 6,343 (8,474 ) 3,278 — — 1,147 Partner One Value up I Private Equity Fund 11,891 (20 ) (92 ) — — 11,779 Genesis No.1 Private Equity Fund 51,150 388 28,575 — — 80,113 GMB ICT New Technology Investment Fund 7,854 (7,853 ) (1 ) — — — Korea Omega Project Fund III 3,016 — 547 — — 3,563 Soo Delivery Platform Growth Fund 8,922 (7,929 ) 3,075 — — 4,068 Genesis North America Power Company No.1 PEF 18,275 (3,869 ) 2,577 — — 16,983 Hyungje art printing (*1) — — — — — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 20,712 (10,794 ) 664 — — 10,582 Shinhan-Rhinos 1 Fund 3,029 (1,004 ) 574 — — 2,599 Pacific Private Investment Trust No.20 4,076 (1,289 ) 212 — — 2,999 Susung Mezzanine project P1 Private Investment Trust 5,128 (3,613 ) (170 ) — — 1,345 Korea Finance Security 3,235 — (180 ) — — 3,055 Multimedia Tech Co.Ltd (*1) 19 — (19 ) — — — MIEL CO.,LTD (*1) — — — — — — AIP Transportation Specialized Privately Placed Fund Trust #1 31,580 1,366 47 — — 32,993 DB Epic Convertiblebond Private Trust No.2 5,063 202 520 — — 5,785 PCC S/W 2nd Fund 3,001 (3,328 ) 327 — — — E&Healthcare Investment Fund No.6 7,776 — 7,387 — — 15,163 One Shinhan Global Fund1 4,441 — (412 ) — — 4,029 Kiwoom-Shinhan Innovation Fund I 7,284 7,500 1,185 — — 15,969 Daishin-K&T 7,057 — (57 ) — — 7,000 Midas Asset Global CRE Debt Private Fund No.6 23,731 21,537 2,121 — — 47,389 Richmond Private Investment Trust No.82 15,120 (855 ) 784 — — 15,049 Tiger Alternative Real Estate Professional Private5 19,820 (1,376 ) 55 — — 18,499 Samchully Midstream Private Placement Special Asset Fund 5-4 30,742 (968 ) (956 ) — — 28,818 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 W 53,831 9,253 2,532 — — 65,616 AUCTUS FITRIN Corporate Recovery Private Equity Fund 14,358 (14,484 ) 126 — — — NH-Amundi 18,497 (460 ) 782 — — 18,819 Pacific Private Real Estate Fund Investment Trust No.30 (*3) 14,816 (15,374 ) 558 — — — Jarvis Memorial Private Investment Trust 1 10,166 (763 ) 640 — — 10,043 Mastern Private Private Invetstment Trust 68 9,999 (460 ) 471 — — 10,010 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 4,397 30,510 734 — — 35,641 Milestone Private Real Estate Fund 3 (Derivative Type) 17,186 (838 ) 2,180 — — 18,528 IGIS Private Real Estate Investment Trust 286 9,768 (1,361 ) 437 — — 8,844 Nomura-Rifa Private Real Estate Investment Trust 31 8,914 (932 ) 425 — — 8,407 Lime Pricing Private Equity Fund 8,300 (8,217 ) (83 ) — — — SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 41,991 (29,980 ) 1,312 — — 13,323 DS Solid.II Hedge Fund 4,123 (6,397 ) 2,274 — — — Hana Semiconductor New Technology Fund 12,856 (2,557 ) 13,832 — — 24,131 J&Magnet Startup Venture Specialized Private Equity Fund 5,979 (2,151 ) 2,107 — — 5,935 Cape IT Fund No.3 9,967 (580 ) 1,262 — — 10,649 FuturePlay-Shinhan TechInnovation Fund 1 868 3,661 (234 ) — — 4,295 Stonebridge Corporate 1st Fund 2,981 — 258 — — 3,239 Vogo Realty Partners Private Real Estate Fund V 10,376 (566 ) 1,017 — — 10,827 IL GU FARM CO.,LTD (*1) — — — — — — Korea Credit Bureau 6,812 (90 ) 254 — — 6,976 Goduck Gangil1 PFV Co., Ltd (*1) 48 — (48 ) — — — SBC PFV Co., Ltd 20,000 — (1,792 ) — — 18,208 Sprott Global Renewable Private Equity Fund II 19,016 (18,909 ) (107 ) — — — 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance NH-amundi W 48,158 (1,236 ) (3,083 ) — — 43,839 IMM Global Private Equity Fund 28,925 90,776 1,154 — — 120,855 HANA Alternative Estate Professional Private122 26,205 (644 ) 4,070 — — 29,631 Hanwha-Incus Plus New Technology Fund No.1 5,499 — 5,527 — — 11,026 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] 51,293 (1,613 ) 1,530 — — 51,210 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 150,317 127,753 8,461 — — 286,531 PSA EMP Private Equity Fund 9,927 (278 ) 165 — — 9,814 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 29,463 (239 ) 177 — — 29,401 SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF] 5,727 (5,727 ) — — — — SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF] 5,729 (5,729 ) — — — — BRAIN DO PROFESSIONALE PRIVATE No. 27 3,065 — 376 — — 3,441 VISION US Muni US Local Debt Opportunities Professional Private1 (*3) 9,869 (10,032 ) 163 — — — UI Venture Fund 7th — 3,000 279 — — 3,279 Sparklabs-Shinhan Opportunity Fund 1 — 4,999 (167 ) — — 4,832 BNW Tech-Innovation Private Equity Fund — 6,000 (58 ) — — 5,942 IGIS Real-estate Private Investment Trust No.33 — 13,945 154 — — 14,099 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust. — 3,000 2 — — 3,002 WWG Global Real Estate Investment Trust no.4 — 16,874 878 — — 17,752 Fidelis Global Private Real Estate Trust No.2 — 18,582 903 — — 19,485 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance IGIS PRIVATE REAL ESTATE TRUST NO.331 W — 3,932 (167 ) — — 3,765 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 — 45,082 3,262 — — 48,344 Pebblestone CGV Private Real Estate Trust No.1 — 12,793 553 — — 13,346 Shinhan AIM Real Estate Fund No.2 (*2) — 36,186 (7,652 ) — (6,070 ) 22,464 Shinhan AIM Real Estate Fund No.1 (*2) — 45,415 1,530 — — 46,945 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business] (*2) — 32,258 686 — — 32,944 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business] (*2) — 22,003 (1,101 ) — — 20,902 SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) — 7,273 (581 ) — — 6,692 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative] (*2) — 4,859 (14 ) — — 4,845 Korea Omega-Shinhan Project Fund I — 6,000 (69 ) — — 5,931 New Green Shinhan Mezzanine Fund — 4,000 916 — — 4,916 KORAMKO-Daum Professional Private Investment Trust No.12 — 6,930 598 — — 7,528 Samsung SRA Real Estate Professional Private 45[FoFs] — 10,701 (35 ) — — 10,666 IBK Global New Renewable Energy Special Asset Professional Private2 — 29,177 3,172 — — 32,349 VS Cornerstone Fund — 3,500 (36 ) — — 3,464 Aone Mezzanine Opportunity Professional Private — 8,000 1,580 — — 9,580 KiwoomUnicorn3New Technology Business Investment Fund — 3,000 1,283 — — 4,283 Multi Asset The United States Thortons Professional Private1 (*2) — 44,202 (2,762 ) — — 41,440 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Kiwoom Milestone US Real Estate Professional Private20 W — 49,791 1,721 — — 51,512 NH-

Investment properties, net

Investment properties, net	12 Months Ended
	Dec. 31, 2020
Investment properties, net [Abstract]
Investment properties, net	16. Investment properties (a) Investment properties as of December 31, 2019 and 2020 are as follows: 2019 2020 Acquisition cost W 605,773 767,118 Accumulated depreciation (117,163 ) (151,883 ) Carrying value W 488,610 615,235 (b) Changes in investment properties for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Beginning balance W 474,820 488,610 Acquisition 2,767 244,100 Disposal (73,588 ) (92,337 ) Depreciation (17,565 ) (20,165 ) Amounts transferred from (to) property and equipment 104,573 (4,064 ) Amounts transferred to assets held for sale (*) (15,795 ) (910 ) Foreign currency adjustment (169 ) 1 Business combination (Note 47) 13,567 — Ending balance W 488,610 615,235 (*) Comprise land and buildings, etc. (c) Income and expenses on investment property for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Rental income W 32,488 43,777 23,890 Direct operating expenses for investment properties that generated rental income 12,191 12,107 11,951 (d) The fair value of investment property as of December 31, 2019 and 2020 is as follows: 2019 2020 Land and buildings (*) W 1,062,195 1,254,149 (*) Fair value of investment properties is estimated based in the recent market transaction conditions with an independent third party and certain significant unobservable inputs. Accordingly, fair value of investment properties is classified as level 3.

Other assets, net

Other assets, net	12 Months Ended
	Dec. 31, 2020
Other assets, net [Abstract]
Other assets, net	17. Other assets (a) Other assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Accounts receivable W 9,355,388 12,511,880 Domestic exchange settlement debit 4,337,628 4,055,744 Guarantee deposits 1,184,572 1,145,045 Present value discount on guarantee deposits (45,316 ) (33,062 ) Accrued income 2,612,823 2,535,847 Prepaid expense 193,849 202,218 Provisional payments 71,764 183,935 Sundry assets 93,766 106,341 Separate account assets 8,253,351 9,267,722 Advance payments 317,365 203,023 Unamortized deferred acquisition cost 907,868 979,942 Others 661,998 1,118,926 Allowances for credit loss of other assets (66,775 ) (82,895 ) W 32,194,666 (b) Changes in unamortized deferred acquisition cost by insurance type for the year ended December 31, 2020 are as follows: 2020 Beginning Acquisition cost incurred Amortization Ending Cost Expensed Deferral Individual insurance Pure endowment insurance W 67,856 11,602 (6,450 ) 5,152 (35,504 ) 37,504 Death insurance 834,415 771,973 (298,355 ) 473,618 (375,111 ) 932,922 Endowment insurance 4,764 19,024 (11,001 ) 8,023 (3,862 ) 8,925 907,035 802,599 (315,806 ) 486,793 (414,477 ) 979,351 Group insurance Pure protection 833 343 (164 ) 179 (421 ) 591 W 907,868 802,942 (315,970 ) 486,972 (414,898 ) 979,942

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	18. Leases (a) Gross investment and present value of minimum lease payment of finance lease as of December 31, 2019 and 2020, are as follows: 2019 Gross investment Unearned finance Present value of Not later than 1 year W 529,326 94,809 434,517 1 ~ 2 years 443,708 63,226 380,482 2 ~ 3 years 469,754 37,725 432,029 3 ~ 4 years 289,798 16,773 273,025 4 ~ 5 years 150,811 4,225 146,586 Later than 5 years 16,782 44 16,738 W 1,900,179 216,802 1,683,377 (*) Interest income on finance lease receivables recognized for the year ended December 31, 2019 is W74,933 million. 2020 Gross investment Unearned finance Present value of Not later than 1 year W 678,790 73,230 605,560 1 ~ 2 years 527,757 43,701 484,056 2 ~ 3 years 391,447 21,169 370,278 3 ~ 4 years 219,040 6,089 212,951 4 ~ 5 years 93,975 432 93,543 Later than 5 years 6,320 53 6,267 W 1,917,329 144,674 1,772,655 (*) Interest income on finance lease receivables recognized for the year ended December 31, 2020 is W76,742 million. (b) Minimum lease payment receivable schedule for lease contracts of the Group as lessor as of December 31, 2019 and 2020 are as follows: i) Finance lease 2019 Minimum lease Present value Present value of Not later than 1 year W 529,326 94,809 434,517 1 ~ 2 years 443,708 63,226 380,482 2 ~ 3 years 469,754 37,725 432,029 3 ~ 4 years 289,798 16,773 273,025 4 ~ 5 years 150,811 4,225 146,586 Later than 5 years 16,782 44 16,738 W 1,900,179 216,802 1,683,377 2020 Minimum lease Present value Present value of Not later than 1 year W 678,790 73,230 605,560 1 ~ 2 years 527,757 43,701 484,056 2 ~ 3 years 391,447 21,169 370,278 3 ~ 4 years 219,040 6,089 212,951 4 ~ 5 years 93,975 432 93,543 Later than 5 years 6,320 53 6,267 W 1,917,329 144,674 1,772,655 ii) Operating lease Minimum lease payment 2019 2020 Not later than 1 year W 142,140 276,590 1 ~ 2 years 118,781 233,443 2 ~ 3 years 76,379 182,261 3 ~ 4 years 37,047 124,556 4 ~ 5 years 14,984 52,997 Later than 5 years 83 95,414 W 389,414 965,261 (c) Changes in operating lease assets for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Beginning balance W 370,868 549,741 Acquisition 411,971 681,607 Disposal (134,810 ) (54,042 ) Depreciation (98,288 ) (163,006 ) Ending balance W 549,741 1,014,300 (d) The details of the right-of-use 2019 Acquisition Accumulated Carrying Real estate W 1,306,759 (228,956 ) 1,077,803 Vehicle 30,051 (8,057 ) 21,994 Others 20,396 (7,397 ) 12,999 W (244,410) 1,112,796 2020 Acquisition Accumulated Carrying Real estate W 953,135 (396,716 ) 556,419 Vehicle 36,680 (16,059 ) 20,621 Others 26,368 (12,991 ) 13,377 W (425,766) 590,417 (e) The details of the changes in the right-of-use 2019 Real estate Vehicle Others Total Beginning balance W 554,478 16,528 12,570 583,576 Acquisition 781,097 16,523 8,163 805,783 Disposal (10,808 ) (1,638 ) (149 ) (12,595 ) Depreciation (280,691 ) (10,094 ) (7,753 ) (298,538 ) Effects of foreign currency movements 2,890 91 — 2,981 Business combination 30,837 584 168 31,589 Ending balance W 1,077,803 21,994 12,999 1,112,796 2020 Real estate Vehicle Others Total Beginning balance W 1,077,803 21,994 12,999 1,112,796 Acquisition 286,981 12,556 6,421 305,958 Disposal (21,763 ) (2,394 ) (16 ) (24,173 ) Depreciation (268,376 ) (11,625 ) (6,027 ) (286,028 ) Substitution (513,437 ) — — (513,437 ) Effects of foreign currency movements (5,375 ) (5 ) — (5,380 ) Business combination (Note 47) 586 95 — 681 Ending balance W 556,419 20,621 13,377 590,417 (f) The details of the maturity of the lease liability as of December 31, 2019 and 2020 are as follows: 2019 1 month 1 month ~ 3 months ~ 6 months ~ 1 year ~ More than Total Real estate W 20,967 34,357 47,644 86,228 848,699 28,973 1,066,868 Vehicle 1,378 1,542 2,178 4,108 14,410 — 23,616 Others 959 994 1,288 2,057 8,477 — 13,775 W 36,893 51,110 92,393 871,586 28,973 1,104,259 (*) The above amounts are based on undiscounted cash flows, and have been classified at the earliest maturity that the Group has the obligation to pay. 2020 1 month 1 month ~ 3 months ~ 6 months ~ 1 year ~ More than Total Real estate W 22,560 36,746 49,746 90,057 287,932 69,083 556,124 Vehicle 3,404 1,840 2,490 4,765 11,632 — 24,131 Others 520 806 1,203 2,031 9,345 1 13,906 W 39,392 53,439 96,853 308,909 69,084 594,161 (g) The lease payments for low-value 2019 2020 Low-value W 5,045 6,181 Short-term lease (*) 907 836 Total W 5,952 7,017 (*) The payments for leases with terms less than 1 month are included.

Pledged assets

Pledged assets	12 Months Ended
	Dec. 31, 2020
Pledged assets [Abstract]
Pledged assets	19. Pledged assets (a) Assets pledged as collateral as of December 31, 2019 and 2020 are as follows: 2019 2020 Reasons for collateral Loans at amortized cost W 128,163 — Borrowings Securities: Securities at FVTPL 15,016,057 15,328,573 Customer RP Securities at FVOCI 2,387,555 4,058,033 Borrowings, Settlement security for Bank of Korea, Borrowing securities, etc Securities at amortized cost 12,791,744 14,516,567 Borrowings, Settlement security for Bank of Korea, Customer RP, etc 30,195,356 33,903,173 Deposits at amortized cost 1,090,161 784,626 Borrowings Property and Equipment (real estate) 121,446 301,098 Set for near mortgage, etc Other financial assets 404 355 Performance guarantee, etc W 31,535,530 34,989,252 (*) The carrying amounts of assets pledged that the pledgees have the right to sell or re-pledge W W (b) The fair value of collateral held that the Group has the right to sell or re-pledge 2019 Collateral held The fair value of re-provided as collateral Assets pledged Assets received Securities W 9,240,573 2,007,036 — 2020 Collateral held The fair value of re-provided as collateral Assets pledged Assets received Securities W 10,487,095 2,871,910 —

Deposits

Deposits	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Deposits	20. Deposits Deposits as of December 31, 2019 and 2020 are as follows: 2019 2020 Demand deposits: Korean won W 103,048,895 132,444,929 Foreign currencies 13,233,812 16,280,268 116,282,707 148,725,197 Time deposits: Korean won 139,824,896 137,719,464 Foreign currencies 18,602,551 20,114,427 158,427,447 157,833,891 Certificates of deposits 9,707,791 5,946,704 Discount note deposits 4,579,587 6,226,937 CMA 3,987,372 4,006,319 Others 1,889,352 3,677,820 W 294,874,256 326,416,868

Financial liabilities at fair v

Financial liabilities at fair value through profit or loss	12 Months Ended
	Dec. 31, 2020
Financial liabilities at fair value through profit or loss [Abstract]
Financial liabilities at fair value through profit or loss	21. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss as of December 31, 2019 and 2020 are as follows: 2019 2020 Securities sold: Stocks W 298,008 387,857 Bonds 825,942 503,920 Others 40,747 5,352 1,164,697 897,129 Gold/silver deposits 467,760 539,565 W 1,632,457 1,436,694

Financial liabilities designate

Financial liabilities designated at fair value through profit or loss	12 Months Ended
	Dec. 31, 2020
Financial liabilities designated at fair value through profit or loss [Abstract]
Financial liabilities designated at fair value through profit or loss	22. Financial liabilities designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss as of December 31, 2019 and 2020 are as follows: 2019 2020 Reason for designation Equity-linked securities sold W 6,880,811 6,556,288 Combined instrument Securities sold with embedded derivatives 2,528,645 1,899,436 W 9,409,456 8,455,724 (*) The Group designated the financial liabilities at the initial recognition(or subsequently) in accordance with paragraph 6.7.1 of IFRS 9 as financial liabilities at fair value through profit or loss. Maximum credit risk exposure of the financial liabilities designated at fair value through profit or loss amounts to W W W

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2020
Borrowings [Abstract]
Borrowings	23. Borrowings Borrowings as of December 31, 2019 and 2020 are as follows: 2019 2020 Interest Amount Interest Amount Borrowings denominated in Korean won: Borrowings from Bank of Korea 0.50~0.75 W 2,429,346 0.25 W 5,351,110 Others 0.00~6.00 14,202,096 0.00~6.20 16,375,272 16,631,442 21,726,382 Borrowings denominated in foreign currencies: Overdraft due from banks 0.00 86,791 0.00 71,309 Borrowings from banks 0.11~7.50 6,576,849 0.00~8.00 5,423,571 Others 1.94~13.65 1,748,031 0.00~12.45 1,538,021 8,411,671 7,032,901 Call money 0.00~ 5.25 712,247 0.35~ 0.55 1,760,042 Bill of sale 0.80~ 1.60 19,070 0.00~ 1.10 10,706 Bonds sold under repurchase agreements: 0.95~ 5.40 9,089,736 0.00~ 5.15 11,065,584 Deferred origination costs (1,010 ) (1,551 ) W 34,863,156 W 41,594,064

Debt securities issued

Debt securities issued	12 Months Ended
	Dec. 31, 2020
Debt securities issued [Abstract]
Debt securities issued	24. Debt securities issued Debt securities issued as of December 31, 2019 and 2020 are as follows: 2019 2020 Interest Amount Interest Amount Debt securities issued in Korean won: Debt securities issued 0.71~8.00 W 60,501,093 0.67~8.00 W 59,816,756 Subordinated debt securities issued 2.20~4.60 4,370,145 2.20~4.60 4,370,125 Gain on fair value hedges — (87,692 ) — (63,652 ) Discount on debt securities issued — (66,334 ) — (39,309 ) 64,717,212 64,083,920 Debt securities issued in foreign currencies: Debt securities issued 0.01~7.59 6,750,085 0.25~7.59 7,182,619 Subordinated debt securities issued 3.34~5.10 3,797,536 3.34~5.10 3,598,624 Loss on fair value hedges — 141,264 — 309,880 Discount on debt securities issued — (42,733 ) — (40,649 ) 10,646,152 11,050,474 W 75,363,364 W 75,134,394

Employee benefits

Employee benefits	12 Months Ended
	Dec. 31, 2020
Defined benefit plan assets and liabilities [Abstract]
Defined benefit assets	25. Defined benefit assets (a) Defined benefit obligations and plan assets The Group has operated a defined benefit plan and calculates defined benefit obligations based on the employee’s pension compensation benefits and service period. Defined benefit obligations and plan assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Present value of defined benefit obligations W 2,063,102 2,182,464 Fair value of plan assets (1,943,644 ) (2,138,324 ) Recognized liabilities for defined benefit obligations (*) W 119,458 44,140 (*) The net defined benefit obligation of W W W W W W (b) Changes in the present value of defined benefit obligation and plan assets for the years ended December 31, 2019 and 2020 are as follows: 2019 Defined benefit Plan assets Net defined Beginning balance W 1,841,982 (1,714,634 ) 127,348 Included in profit or loss: Current service cost 172,490 — 172,490 Past service cost (1,588 ) — (1,588 ) Interest expense (income) 57,253 (54,336 ) 2,917 Settlement expense (income) (29 ) — (29 ) 228,126 (54,336 ) 173,790 Included in other comprehensive income: Remeasurement loss (gain): - Actuarial gains (losses) arising from : Demographic assumptions (7,584 ) — (7,584 ) Financial assumptions 53,475 — 53,475 Experience adjustment 8,001 — 8,001 - Return on plan assets excluding interest income — 21,719 21,719 53,892 21,719 75,611 Other: Benefits paid by the plan (87,066 ) 80,063 (7,003 ) Contributions paid into the plan — (252,858 ) (252,858 ) Settlement loss 216 — 216 Business combination (Note 47) 25,965 (23,598 ) 2,367 Effect of movements in exchange rates (13 ) — (13 ) (60,898 ) (196,393 ) (257,291 ) Ending balance W 2,063,102 (1,943,644 ) 119,458 2020 Defined benefit Plan assets Net defined Beginning balance W 2,063,102 (1,943,644 ) 119,458 Included in profit or loss: Current service cost 179,390 — 179,390 Past service cost 9,069 — 9,069 Interest expense (income) 57,674 (55,466 ) 2,208 Settlement expense (306 ) — (306 ) 245,827 (55,466 ) 190,361 Included in other comprehensive income: Remeasurement loss (gain): - Actuarial gains (losses) arising from : Demographic assumptions 18 — 18 Financial assumptions (44,424 ) — (44,424 ) Experience adjustment 2,957 — 2,957 - Return on plan assets excluding interest income — 20,027 20,027 (41,449 ) 20,027 (21,422 ) Other: Benefits paid by the plan (83,614 ) 77,567 (6,047 ) Contributions paid into the plan (268 ) (239,570 ) (239,838 ) Settlement gain or loss (2,695 ) 4,053 1,358 Business combination (Note 47) 2,139 (1,291 ) 848 Effect of movements in exchange rates (578 ) — (578 ) (85,016 ) (159,241 ) (244,257 ) Ending balance W 2,182,464 (2,138,324 ) 44,140 (*) Profit and loss related to defined benefit plans are included in the general administrative expense. (c) The composition of plan assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Plan assets comprise: Equity securities W 256,353 74,631 Debt securities 28,094 23,713 Due from banks 1,577,274 1,900,963 Others 81,923 139,017 W 1,943,644 2,138,324 (d) Actuarial assumptions as of December 31, 2019 and 2020 are as follows: 2019 2020 Description Discount rate 2.71%~3.17% 2.68%~3.30% AA0 corporate bond yields Future salary increase rate 1.80%~4.00% + Upgrade rate 1.90%~4.00% + Upgrade rate Average for 5 years Weighted average maturity 8.2 years~ 16.2 years 7.6 years~ 15.4 years (e) Sensitivity analysis As of December 31, 2019 and 2020, reasonably possible changes in one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below. 2019 Defined benefit obligation Increase Decrease Discount rate (1%p movement) W (201,770 ) 233,057 Future salary increase rate (1%p movement) 231,967 (204,242 ) 2020 Defined benefit obligation Increase Decrease Discount rate (1%p movement) W (207,093 ) 233,570 Future salary increase rate (1%p movement) 232,892 (210,305 ) (f) The Group’s estimated contribution is W

Provisions

Provisions	12 Months Ended
	Dec. 31, 2020
Provisions [Abstract]
Provisions	26. Provisions (a) Provisions as of December 31, 2019 and 2020 are as follows: 2019 2020 Asset retirement obligations W 64,922 65,659 Expected loss related to litigation 8,789 12,468 Unused credit commitments 263,752 305,719 Financial guarantee contracts issued 100,430 83,851 Others 119,131 337,039 W 557,024 804,736 (b) Changes in provision for unused credit commitments and financial guarantee contracts issued for the years ended December 31, 2019 and 2020 are as follows:. 2019 Unused credit commitments Financial guarantee contracts issued Total 12 months Life time Impaired financial asset 12 months Life time Impaired Beginning allowance W 126,402 100,808 5,137 64,194 5,904 1,757 304,202 Transfer to 12 months expected credit loss 42,838 (42,728 ) (110 ) 2,629 (2,629 ) — — Transfer to life time expected credit loss (9,286 ) 9,314 (28 ) (1,245 ) 1,245 — — Transfer to impaired financial asset (229 ) (752 ) 981 (12 ) — 12 — Provided (reversed) (28,611 ) 53,076 5,905 (4 ) 96 (943 ) 29,519 FX change 914 121 — 1,302 323 102 2,762 Others (*) — — — 1,603 630 (117 ) 2,116 Ending balance W 132,028 119,839 11,885 68,467 5,569 811 338,599 2020 Unused credit commitments Financial guarantee contracts issued Total 12 months Life time Impaired financial asset 12 months Life time Impaired Beginning allowance W 132,028 119,839 11,885 68,467 5,569 811 338,599 Transfer to 12 months expected credit loss 63,818 (55,295 ) (8,523 ) 2,059 (2,059 ) — — Transfer to life time expected credit loss (9,883 ) 11,365 (1,482 ) (3,951 ) 3,951 — — Transfer to impaired financial asset (244 ) (875 ) 1,119 — — — — Provided (reversed) (20,377 ) 65,455 (1,564 ) 8,258 1,845 (822 ) 52,795 FX change (1,195 ) (352 ) — (1,335 ) (223 ) (49 ) (3,154 ) Others (*) — — — (18,948 ) (1,748 ) 70 (20,626 ) Ending balance W 164,147 140,137 1,435 54,550 7,335 10 367,614 (*) Others include effects of the provision from the new financial guarantee contracts measured at fair value, and the expired contracts, and the change of discount rate. (c) Changes in provisions for the years ended December 31, 2019 and 2020 are as follows: 2019 Asset Litigation Guarantee Other Total Beginning balance W 49,183 25,554 43,470 86,007 204,214 Provision(reversal) (1,280 ) (981 ) (19,329 ) (5,753 ) (27,343 ) Provision used (1,930 ) (17,365 ) — (47,217 ) (66,512 ) Foreign exchange translation — — 1,420 382 1,802 Others (*) 4,476 — 22 3,784 8,282 Business combination 14,473 1,581 — 81,928 97,982 Ending balance W 64,922 8,789 25,583 119,131 218,425 2020 Asset Litigation Guarantee Other Total Beginning balance W 64,922 8,789 25,583 119,131 218,425 Provision(reversal) 898 4,317 (2,709 ) 261,983 264,489 Provision used (2,463 ) (638 ) — (46,654 ) (49,755 ) Foreign exchange translation (3 ) — (1,030 ) 570 (463 ) Others (*) 2,305 — 112 1,814 4,231 Business combination (Note 47) — — — 195 195 Ending balance W 65,659 12,468 21,956 337,039 437,122 (*) Others include the effects of unwinding and changes in discount rate. (d) Asset retirement obligation liabilities represent the estimated cost to restore the existing leased properties which is discounted to the present value using the appropriate discount rate at the end of the reporting period. Disbursements of such costs are expected to incur at the end of lease contract. Such costs are reasonably estimated using the average lease year and the average restoration expenses. The average lease year is calculated based on the past ten-year (e) Allowance for guarantees and acceptances as of December 31, 2019 and 2020 are as follows: 2019 2020 Outstanding guarantees and acceptances W 9,319,885 10,249,827 Contingent guarantees and acceptances 3,669,697 3,433,953 ABS and ABCP purchase commitments 2,116,354 1,604,958 Endorsed bill 11,287 1,650 W 15,117,223 15,290,388 Allowance for loss on guarantees and acceptances W 100,430 83,851 Ratio %0.66 0.55

Liability under insurance contr

Liability under insurance contracts	12 Months Ended
	Dec. 31, 2020
Liability under insurance contracts [Abstract]
Liability under insurance contracts	27. Liability under insurance contracts (a) Insurance liabilities as of December 31, 2019 and 2020 are as follows: 2019 2020 Policy reserve W 52,086,132 53,391,401 Policyholder’s equity adjustment 77,285 68,829 W 52,163,417 53,460,230 (b) Policy reserve as of December 31, 2019 and 2020 are as follows: 2019 2020 Interest rate linked W 30,058,020 29,977,303 Fixed interest rate 22,028,112 23,414,098 W 52,086,132 53,391,401 (c) The details of policy reserves as of December 31, 2019 and 2020 are as follows: 2019 Individual insurance Group insurance Pure Death Endowment Subtotal Pure Savings Subtotal Total Premium reserve W 14,668,777 24,979,936 10,443,287 50,092,000 21,912 60 21,972 50,113,972 Guarantee reserve 29,400 249,845 744 279,989 — — — 279,989 Unearned premium reserve 2 945 — 947 291 — 291 1,238 Reserve for outstanding claims 212,641 1,084,472 233,259 1,530,372 16,858 — 16,858 1,547,230 Interest rate difference guarantee reserve 2,158 149 10 2,317 — — — 2,317 Mortality gains reserve 8,945 42,173 153 51,271 2 — 2 51,273 Interest gains reserve 24,486 267 17 24,770 — — — 24,770 Expense gains reserve 6,211 9,434 1 15,646 — — — 15,646 Long term duration dividend reserve 31,202 15,388 13 46,603 — — — 46,603 Reserve for policyholder’s profit dividend 2,268 — — 2,268 — — — 2,268 Reserve for losses on dividend insurance contract 826 — — 826 — — — 826 W 14,986,916 26,382,609 10,677,484 52,047,009 39,063 60 39,123 52,086,132 2020 Individual insurance Group insurance Pure endowment Death Endowment Subtotal Pure Savings Subtotal Total Premium reserve W 14,597,735 26,634,537 9,981,880 51,214,152 18,430 62 18,492 51,232,644 Guarantee reserve 28,168 267,154 762 296,084 — — — 296,084 Unearned premium reserve 1 1,640 — 1,641 13 — 13 1,654 Reserve for outstanding claims 240,324 1,111,052 363,688 1,715,064 15,384 — 15,384 1,730,448 Interest rate difference guarantee reserve 1,937 141 9 2,087 — — — 2,087 Mortality gains reserve 7,865 37,553 124 45,542 1 — 1 45,543 Interest gains reserve 23,651 256 14 23,921 — — — 23,921 Expense gains reserve 6,606 8,336 — 14,942 — — — 14,942 Long term duration dividend reserve 28,737 13,775 12 42,524 — — — 42,524 Reserve for policyholder’s profit dividend 1,080 — — 1,080 — — — 1,080 Reserve for losses on dividend insurance contract 474 — — 474 — — — 474 W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 (d) Changes in policy reserves Changes in policy reserves for the year ended December 31, 2020 are as follows: 2020 Insurance fixed-interest Insurance variable-interest Total Beginning balance W 22,028,112 30,058,020 52,086,132 Reserve (*) 1,385,986 (80,717 ) 1,305,269 Ending balance W 23,414,098 29,977,303 53,391,401 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. (e) Changes in policy reserves by insurance risk classification Changes in insurance contract liabilities by insurance risk classification for the year ended December 31, 2020 are as follows: 2020 Individual insurance Group insurance Pure Death Endowment Sub-total Pure Savings Sub-total Total Beginning balance W 14,986,916 26,382,609 10,677,484 52,047,009 39,063 60 39,123 52,086,132 Reserve (reversal) (*) (50,338 ) 1,691,835 (330,995 ) 1,310,502 (5,235 ) 2 (5,233 ) 1,305,269 Ending balance W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets. (f) Reinsurance credit risk as of December 31, 2019 and 2020 are as follows: 2019 2020 Reinsurance Reinsurance Reinsurance Reinsurance AAA W 11,477 18,192 10,611 47,690 AA- 34,498 46,302 29,294 23,348 A- 2,287 4,113 2,375 4,018 W 48,262 68,607 42,280 75,056 (g) Income or expenses on insurance for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Insurance income: Premium income W 4,348,745 7,386,854 7,037,308 Reinsurance income 15,222 146,564 152,892 Separate account income 34,771 36,007 57,553 4,398,738 7,569,425 7,247,753 Insurance expenses: Claims paid 2,549,147 5,436,069 5,564,875 Reinsurance premium expenses 18,482 165,979 167,215 Provision for policy reserves (*) 1,694,716 1,724,816 1,311,252 Separate account expenses 34,770 36,007 57,553 Discount charge 669 657 1,087 Acquisition costs 454,479 805,508 802,942 Collection expenses 16,046 19,049 18,835 Deferred acquisition costs (283,665 ) (495,534 ) (486,972 ) Amortization of deferred acquisition costs 385,793 373,800 414,898 4,870,437 8,066,351 7,851,685 Net loss on insurance W (471,699 ) (496,926 ) (603,932 ) (*) Interest expenses on savings insurance contracts are included. (Accumulated W W W (h) Maturity of premium reserve as of December 31, 2019 and 2020 are as follows: 2019 Less than or 1 ~ 3 3 ~ 7 7 ~ 10 10 ~ 20 More than Total Interest rate linked W 845,304 2,079,125 2,118,652 941,413 2,236,313 20,732,909 28,953,716 Fixed interest rate 213,892 329,647 1,032,366 572,153 2,058,859 16,953,339 21,160,256 Ending balance W 1,059,196 2,408,772 3,151,018 1,513,566 4,295,172 37,686,248 50,113,972 2020 Less than or 1 ~ 3 3 ~ 7 7 ~ 10 10 ~ 20 More than Total Interest rate linked W 929,268 1,944,710 1,819,554 820,964 2,056,906 19,729,536 27,300,938 Fixed interest rate 164,890 418,574 983,635 594,667 2,090,669 19,679,271 23,931,706 Ending balance W 1,094,158 2,363,284 2,803,189 1,415,631 4,147,575 39,408,807 51,232,644 (i) Liability adequacy test, LAT – Shinhan Life Insurance Co., Ltd. i) Scope Liability adequacy tests are performed on the premium reserve, unearned premium reserve and guarantee reserve for the contracts held at December 31, 2019 and 2020. The premium reserve considered the amount net level premium reserve less, where appropriate, deferred acquisition cost in accordance with the article 6-3 ii) Output overview In the debt appraisal system, the insurance premium surplus method is applied to calculate premium deficits. Premium deficiency refers to deficiency when the amount of accumulated reserve is insufficient due to a decrease in the interest rate after the sale of the product or an increase in the risk rate compared with the expected basic rate at the time of product development. The insurance premium standard inspection method is a method of calculating the reserve amount based on the present value of total income reflecting the interest rate, the risk rate, the business ratio, the cancellation rate, etc. and the present value of the total expenditure, that is, interest rate(discount rate), business ratio, risk rate, and cancellation rate calculated based on the Group’s own experience, which reflects company-specific characteristics, and does not reflect subjective factors such as management’s willingness to improve management. iii) The main assumptions and basis for calculation The main assumptions and basis for calculation used to calculate the current estimation of future cash flows in the liability adequacy test as of December 31, 2019 and 2020 are as follows: The criteria for liability adequacy test of insurance contracts have been changed for the year ended December 31, 2020. Therefore, the Group applied the change in accounting policies as it has judged that the changed in the criteria for liability adequacy test of insurance contracts would provide more reliable and relevant information about the current estimates of future cash flows. This change in accounting policy has no effect on the consolidated financial statements, but comparative notes have been adjusted. Assumptions January 1, 2019 December 31, December 31, 2020 Measurement basis Discount rate 2.10% ~ 7.45% 1.04% ~ 5.79% 1.30% ~ 12.01% The scenario adding liquidity premium to risk-free rate, which is suggested from Financial Supervisory Service Mortality rate 2.58% ~ 247.65% 11.36% ~ 497.99% 10.38% ~ 585.90% Ratio by claims paid per premium paid on risk premium based on experience-based rate by products, collateral of last 5 years. Operating expense rate Acquisition cost - The first time : 90.00% ~ 982.70% - From the second time : 0.00% ~ 193.50% Maintenance expense (each case): 207 won ~ 3,531 won Collection expenses (on gross premium): 0.04% ~ 1.10% Acquisition cost - The first time : 90.00% ~ 1,022.75% - From the second time : 0.00% ~ 193.50% Maintenance expense (each case): 1,229 won ~ 3,332 won Collection expenses (on gross premium): 0.05% ~ 1.27% Acquisition cost - The first time : 90.00% ~ 1,022.75% - From the second time : 0.00% ~ 193.50% Maintenance expense (each case): 1,559 won ~ 4,675 won Collection expenses (on gross premium): 0.06% ~ 1.28% Business rate on insurance premium or expenses per contract based on experience-based rate of last 1 year Surrender ratio 0.95% ~ 48.35% 0.76% ~ 33.03% 0.53% ~ 29.83% Surrender ratio by elapsed period, classes of sales channel, product of last 5 years iv) The result of liability adequacy test as of January 1, 2019, December 31, 2019 and 2020 are as follows: January 1, 2019 Provisions for test LAT base Premium surplus Participating – Fixed interest W 589,618 1,382,718 (793,100 ) Non- 6,009,771 2,850,853 3,158,918 Participating – Variable interest 859,858 962,368 (102,510 ) Non- 14,008,270 12,532,933 1,475,337 Variable type 143,230 (122,055 ) 265,285 W 21,610,747 17,606,817 4,003,930 December 31, 2019 Provisions for test LAT base Premium surplus Participating – Fixed interest W 595,317 1,307,717 (712,400 ) Non- 6,608,221 3,168,333 3,439,888 Participating – Variable interest 900,378 1,039,624 (139,246 ) Non- 14,481,697 13,045,229 1,436,468 Variable type 155,751 33,678 122,073 W 22,741,364 18,594,581 4,146,783 December 31, 2020 Provisions for test LAT base Premium surplus Participating – Fixed interest W 598,793 1,301,878 (703,085 ) Non- 7,230,482 3,543,525 3,686,957 Participating – Variable interest 915,382 1,013,181 (97,799 ) Non- 14,456,394 12,882,865 1,573,529 Variable type 165,259 36,127 129,132 W 23,366,310 18,777,576 4,588,734 (j) Liability adequacy test, LAT – Orange Life Insurance Co., Ltd. i) Scope Liability adequacy tests are performed on the premium reserve, unearned premium reserve and guarantee reserve for the contracts held at December 31, 2019 and 2020. The premium reserve considered the amount net level premium reserve less, where appropriate, deferred acquisition cost in accordance with the article 6-3 ii) Output overview In the debt appraisal system, the insurance premium surplus method is applied to calculate premium deficits. Premium deficiency refers to deficiency when the amount of accumulated reserve is insufficient due to a decrease in the interest rate after the sale of the product or an increase in the risk rate compared with the expected basic rate at the time of product development. The insurance premium standard inspection method is a method of calculating the reserve amount based on the present value of total income reflecting the interest rate, the risk rate, the business ratio, the cancellation rate, etc. and the present value of the total expenditure, that is, (discount rate), business ratio, risk rate, and cancellation rate calculated based on the Group’s own experience, which reflects company-specific characteristics, and does not reflect subjective factors such as management’s willingness to improve management. iii) The main assumptions and basis for calculation The main assumptions and basis for calculation used to calculate the current estimation of future cash flows in the liability adequacy test as of December 31, 2019 and 2020 are as follows: The criteria for liability adequacy test of insurance contracts have been changed for the year ended December 31, 2020. Therefore, the Group applied the change in accounting policies as it has judged that the changed in the criteria for liability adequacy test of insurance contracts would provide more reliable and relevant information about the current estimates of future cash flows. This change in accounting policy has no effect on the consolidated financial statements, but comparative notes have been adjusted. Assumptions January 1, 2019 December 31, 2019 December 31, 2020 Measurement basis Discount rate 1.95% ~ 8.57% 1.26% ~ 10.60% 0.79% ~ 10.54% The scenario adding liquidity premium to risk-free rate, which is suggested from Financial Supervisory Service Mortality rate 20.00% ~ 210.00% 20.00% ~ 255.00% 15.00% ~ 255.00% Ratio by claims paid per premium paid on risk premium based on experience-based rate by products, collateral of last 5 years. Operating expense rate Acquisition cost (each case): 9,000 won ~ 959,000 won - Proportional to annualized premium: 0.64% ~ 7.05% Maintenance expense (each case): 2,000 won ~ 34,500 won - Proportional to premium income: 0.48% ~ 0.60% - Proportional to surrender value: 0.12% Acquisition cost (each case): 5,500 won ~ 1,227,000 won - Proportional to annualized premium: 0.00% ~ 12.55% Maintenance expense (each case): 50 won ~ 32,500 won - Proportional to premium income: 0.42% ~ 3.45% - Proportional to surrender value: 0.12% Acquisition cost (each case): 0 won ~ 1,547,000 won - Proportional to annualized premium: 0.00% ~ 15.99% Maintenance expense (each case): 0 won ~ 36,000 won - Proportional to premium income: 0.12% ~ 0.85% - Proportional to surrender value: 0.12% Based on the recent one-year Surrender ratio 0.00% ~ 50.00% 0.00% ~ 50.00% 0.00% ~ 61.00% Based on experience statistics for the last five years or more, annual premiums are calculated based on product group, payment method, channel, and elapsed period. Payment status (full payment and pension initiation) and tax benefits are included. iv) The result of liability adequacy test as of January 1, 2019, December 31, 2019 and 2020 are as follows: January 1, 2019 Provisions for test LAT base Premium surplus Participating: Fixed interest W 688,330 644,225 44,105 Variable interest 1,097,211 1,472,060 (374,849 ) 1,785,541 2,116,285 (330,744 ) Non- Fixed interest 8,603,714 5,070,060 3,533,654 Variable interest 9,380,809 8,806,781 574,028 Performance allocation type (98,279 ) (1,744,683 ) 1,646,404 17,886,244 12,132,158 5,754,086 W 19,671,785 14,248,443 5,423,342 December 31, 2019 Provisions for test LAT base Premium surplus Participating: Fixed interest W 716,607 697,291 19,316 Variable interest 1,134,245 1,620,247 (486,002 ) 1,850,852 2,317,538 (466,686 ) Non- Fixed interest 9,296,542 5,150,200 4,146,342 Variable interest 9,236,730 8,924,855 311,875 Performance allocation type (54,457 ) (1,692,928 ) 1,638,471 18,478,815 12,382,127 6,096,688 W 20,329,667 14,699,665 5,630,002 December 31, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 745,614 694,536 51,078 Variable interest 1,174,807 1,649,073 (474,266 ) 1,920,421 2,343,609 (423,188 ) Non- Fixed interest 10,061,004 4,810,110 5,250,894 Variable interest 9,190,507 8,743,848 446,659 Performance allocation type (15,032 ) (1,589,500 ) 1,574,468 19,236,479 11,964,458 7,272,021 W 21,156,900 14,308,067 6,848,833

Other liabilities

Other liabilities	12 Months Ended
	Dec. 31, 2020
Other liabilities [Abstract]
Other liabilities	28. Other liabilities Other liabilities as of December 31, 2019 and 2020 are as follows: 2019 2020 Lease liabilities (*) W 1,104,259 594,161 Accounts payable 11,894,764 14,568,962 Accrued expenses 3,502,538 3,054,247 Dividend payable 31,599 32,508 Advance received 173,850 164,885 Unearned income 294,710 317,283 Withholding value-added tax and other taxes 720,053 692,719 Securities deposit received 1,903,119 2,198,722 Foreign exchange settlement pending 243,532 259,138 Domestic exchange settlement pending 1,452,955 5,745,338 Payable from trust account 5,350,285 5,086,459 Due to agencies 744,660 790,486 Deposits for subscription 60,500 148,506 Separate account liabilities 8,700,695 10,120,258 Sundry liabilities 1,968,823 1,617,449 Others 151,056 185,027 Present value discount (59,840 ) (49,935 ) W 45,526,213 (*) As of December 31, 2020, the Group accounts the lease liabilities as other liabilities. For the year ended December 31, 2020, the amount of variable lease payments that are not included in the measurement of lease liabilities is W W W

Equity

Equity	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Equity	29. Equity (a) Equity as of December 31, 2019 and 2020 are as follows: 2019 2020 Capital stock: Common stock (*1) W 2,370,998 2,608,176 Preferred stock 361,465 361,465 2,732,463 2,969,641 Hybrid bond 1,731,235 2,179,934 Capital surplus: Share premium 10,155,150 11,352,924 Others 410,203 882,015 10,565,353 12,234,939 Capital adjustments (1,116,770 ) (687,935 ) Accumulated other comprehensive income, net of tax: Gain on financial assets at fair value through other comprehensive income 306,470 226,811 Gain(Loss) on financial assets at fair value through profit or loss (Overlay approach) 71,621 161,919 Equity in other comprehensive income of associates 8,177 4,849 Foreign currency translation adjustments for foreign operations (217,465 ) (377,061 ) Net loss from cash flow hedges (33,711 ) (48,171 ) Other comprehensive income of separate account 14,539 18,423 Actuarial losses (401,532 ) (385,780 ) Changes in own credit risk on financial liabilities designated under fair value option (8,255 ) (5,171 ) (260,156 ) (404,181 ) Retained earnings (*2)(*3)(*4) 25,525,821 27,777,169 Non-controlling 2,752,435 2,287,291 W 41,930,381 46,356,858 (*1) For the year ended December 31, 2020, it increased due to common stock and third-party allocation paid-in W (*2) As of December 31, 2019 and 2020, profits reserved by the Group as of Article 53 of the Financial Holding Companies Act amounted to W W (*3) As of December 31, 2019 and 2020, the regulatory reserves for loan losses the Group appropriated in retained earnings are W W (*4) As of December 31, 2020, profit dividends within retained earnings of subsidiaries of the Group subject to a restricted dividend in accordance with laws, etc. are amounted to W (*5) The non-controlling W (*6) As of December 31, 2019 and 2020, the total amounts of hybrid bonds that Shinhan Bank, Jeju Bank and Shinhan Capital have recognized as non-controlling W W W W non-controlling (b) Capital stock Capital stock of the Group as of December 31, 2019 and 2020 are as follows: Number of authorized shares 1,000,000,000 Par value per share in won W 5,000 Number of issued common stocks as of December 31, 2019 474,199,587 Number of issued common stocks as of December 31, 2020 516,599,554 Number of issued preferred stocks as of December 31, 2019 and 2020 17,482,000 The details of changes in the number of common shares outstanding as of December 31, 2020 are as follows: 2020 Beginning balance 460,317,525 Increase 60,626,827 Decrease (5,049,594 ) Ending balance 515,894,758 (c) The details of preferred stock are as follows: The number Contracted Conversion request Convertible preferred stock 17,482,000 4.0% per year based on issue price (non-cumulative 2020.05.01~2023.04.30 (*) Preferred stocks that have not been converted for 4 years from the issuance date and until the expiration date of the period of existence are automatically converted to common stocks at the expiration date of the period of existence. (d) Hybrid bonds Hybrid bonds classified as other equity instruments as of December 31, 2019 and 2020 are as follows: Issue date Currency Maturity date Interest rate (%) 2019 2020 June 25, 2015 KRW June 25, 2045 4.38 W 199,455 199,455 September 15, 2017 ” — 3.77 134,683 134,683 September 15, 2017 ” — 4.25 89,783 89,783 April 13, 2018 ” — 4.08 134,678 134,678 April 13, 2018 ” — 4.56 14,955 14,955 August 29, 2018 ” — 4.15 398,679 398,679 June 28, 2019 ” — 3.27 199,476 199,476 September 17, 2020 ” — 3.12 — 448,699 August 13, 2018 USD — 5.88 559,526 559,526 W 1,731,235 2,179,934 (*) For the year ended December 31, 2020, the deduction for capital related to hybrid bonds issued is W The hybrid bonds above can be repaid early after 5 or 10 years from the date of issuance, and the controlling company has an unconditional right to extend the maturity under the same condition. In addition, if no dividend is to be paid for common stocks, the agreed interest is also not paid. (e) Capital adjustments Changes in capital adjustments for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Beginning balance W (552,895 ) (1,116,770 ) Acquisition of treasury stocks (444,077 ) (150,467 ) Disposal and Retirement of treasury stocks — 601,809 The Acquisition commitment amount for subsidiaries’ remaining shares (125,830 ) (22,019 ) Other transactions with owners 6,032 (488 ) Ending balance W (1,116,770 ) (687,935 ) (f) Accumulated other comprehensive income Changes in accumulated other comprehensive income for the years ended December 31, 2019 and 2020 are as follows: 2019 Items that are or may be reclassified to profit or loss Items that will never be reclassified to profit or loss Total Gain (loss) on Gain (loss) on Equity in Foreign Net gain Other Remeasure Equity in Gain (loss) on Gain (loss) on Beginning balance W (51,300 ) (79,057 ) 4,891 (321,853 ) (17,751 ) 4,112 (346,682 ) (8 ) 54,258 170 (753,220 ) Change due to fair value 491,953 225,706 3,353 — — 14,382 — (11 ) 19,935 (11,621 ) 743,697 Reclassification: Change due to impairment or disposal (23,281 ) — — — — — — — — — (23,281 ) Effect of hedge accounting — — — — (75,020 ) — — — — — (75,020 ) Hedging (731 ) — — (49,361 ) 50,083 — — — — — (9 ) Effects from changes in foreign exchange rate — — — 147,899 — — — — 293 — 148,192 Remeasurements of the defined benefit plans — — — — — — (75,595 ) — — — (75,595 ) Deferred income taxes (115,856 ) (62,739 ) (51 ) 7,233 6,348 (3,955 ) 20,951 3 (7,204 ) 3,196 (152,074 ) Transfer to other account — — — — — — — — 5,860 — 5,860 Non-controlling (67,457 ) (12,289 ) — (1,383 ) 2,629 — (206 ) — — — (78,706 ) Ending balance W 233,328 71,621 8,193 (217,465 ) (33,711 ) 14,539 (401,532 ) (16 ) 73,142 (8,255 ) (260,156 ) 2020 Items that are or may be reclassified to profit or loss Items that will never be reclassified to profit or loss Total Gain (loss) on Gain (loss) on Equity in Foreign Net gain Other Remeasure Equity in Gain (loss) on Gain (loss) on Beginning balance W 233,328 71,621 8,193 (217,465 ) (33,711 ) 14,539 (401,532 ) (16 ) 73,142 (8,255 ) (260,156 ) Change due to fair value (3,601 ) 125,298 (1,080 ) — — 5,358 — (15 ) (19,133 ) (9,689 ) 97,138 Reclassification: Change due to impairment or disposal (105,274 ) — — 5,858 — — — — — 13,942 (85,474 ) Effect of hedge accounting — — — — 144,750 — — — — — 144,750 Hedging (4,395 ) — — 45,083 (164,708 ) — — — — — (124,020 ) Effects from changes in foreign exchange rate — 74 (355 ) (219,306 ) — — — — 721 — (218,866 ) Remeasurements of the defined benefit plans — — — — — — 21,422 — — — 21,422 Deferred income taxes 26,486 (35,074 ) (1,883 ) 7,000 5,498 (1,474 ) (5,610 ) 5 (2,573 ) (1,169 ) (8,794 ) Transfer to other account — — — — — — — — 27,825 — 27,825 Non-controlling 285 — — 1,769 — — (60 ) — — — 1,994 Ending balance W 146,829 161,919 4,875 (377,061 ) (48,171 ) 18,423 (385,780 ) (26 ) 79,982 (5,171 ) (404,181 ) (g) Appropriation of retained earnings The appropriation of retained earnings for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Date of appropriation: March 26, 2020 March 25, 2021 Unappropriated retained earnings: Balance at beginning of year W 5,184,339 5,251,413 Retirement of treasury stock — (150,325 ) Dividend to hybrid bonds (61,993 ) (85,327 ) Net income 1,129,173 1,274,443 6,251,519 6,290,204 Appropriation of retained earnings: Legal reserve (112,917 ) (127,444 ) Dividends Dividends on common stocks paid (851,587 ) (773,839 ) Dividends on preferred stocks paid (32,342 ) (29,999 ) Regulatory reserve for loan losses (3,260 ) (3,564 ) (1,000,106 ) (934,846 ) Unappropriated retained earnings to be carried over to subsequent year W 5,251,413 5,355,358 (*) These statements of appropriation of retained earnings are based on the separate financial statements of Shinhan Finance Group. (h) Regulatory reserve for loan losses In accordance with Regulations for the Supervision of Financial Institutions, the Group reserves the difference between allowance for credit losses by IFRS and that as required by the Regulations at the account of regulatory reserve for loan losses in retained earnings. i) Changes in regulatory reserve for loan losses including non-controlling 2019 2020 Beginning balance W 2,844,690 3,161,170 Business combination 25,608 — Planned regulatory reversal of loan losses 290,872 168,729 Ending balance W 3,161,170 3,329,899 ii) Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Profit attributable to equity holders of Shinhan Financial Group W 3,403,497 3,414,595 Provision for regulatory reserve for loan losses (*1) (292,728 ) (177,620 ) Profit attributable to equity holders of Shinhan Financial Group adjusted for regulatory reserve W 3,110,769 3,236,975 Basic and diluted earnings per share adjusted for regulatory reserve in won (*2) 6,387 6,299 (*1) The increase in reserve for credit losses, W (*2) Dividends for hybrid bonds are deducted. (i) Treasury stock The acquisitions of treasury stock for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 (*) The number of Carrying The number of Carrying Beginning balance 3,648,659 W 155,923 13,882,062 W 600,000 Acquisition 10,233,403 444,077 5,049,594 150,467 Disposal — — 13,191,202 (572,252 ) Retirement — — 5,035,658 (150,000 ) Ending balance 13,882,062 W 600,000 704,796 W 28,215 (*) Changes in equity shares due to the exchange of shares with Orange Life Insurance Co., Ltd. and Neoplux Co, Ltd. are included in the acquisition and disposal for treasury stock. Shares of Shinhan Financial Group Co., Ltd. is owned by Orange Life Insurance Co., Ltd. and Neoplux Co, Ltd. are included in its own shares.

Dividends

Dividends	12 Months Ended
	Dec. 31, 2020
Dividends [Abstract]
Dividends	30. Dividends (a) Details of dividends recognized as distributions to stockholders for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 (*1) Common Stock: Total number of shares issued and outstanding 474,199,587 516,599,554 Par value per share in won 5,000 5,000 Dividend per share in won 1,850 1,500 Dividends (*2) W 851,587 773,839 Dividend rate per share (%) 37.0 30.0 Preferred Stock: Total number of shares issued and outstanding 17,482,000 17,482,000 Par value per share in won 5,000 5,000 Dividend per share in won 1,850 1,716 Dividends W 32,342 29,999 Dividend rate per share (%) 37.0 34.3 (*1) Dividends were decided on March 25, 2021. The amount of dividends was not recognized as a distribution to the owner during the period. (*2) Dividends on own shares held by the Group are excluded. (b) Dividends for hybrid bond is calculated as follows for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Amount of hybrid bond W 1,738,150 2,188,150 Interest rate (%) 3.27 ~ 5.88 3.12 ~ 5.88 Dividends W 61,993 85,327

Net interest income

Net interest income	12 Months Ended
	Dec. 31, 2020
Net interest income [Abstract]
Net interest income	31. Net interest income Net interest income for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Interest income: Cash and deposits at amortized cost W 155,075 210,415 128,023 Deposits at FVTPL 33,845 31,506 13,888 Securities at FVTPL 623,651 740,378 742,958 Securities at FVOCI 759,301 1,077,995 957,817 Securities at amortized cost 730,382 1,061,262 1,076,849 Loans at amortized cost 11,158,558 12,435,302 11,697,775 Loans at FVTPL 23,110 56,961 73,991 Others 88,534 93,543 82,695 13,572,456 15,707,362 14,773,996 Interest expense: Deposits (3,091,659 ) (3,644,632 ) (2,842,625 ) Borrowings (468,068 ) (551,416 ) (426,607 ) Debt securities issued (1,336,840 ) (1,666,257 ) (1,554,544 ) Others (95,800 ) (107,093 ) (67,520 ) (4,992,367 ) (5,969,398 ) (4,891,296 ) Net interest income W 8,580,089 9,737,964 9,882,700

Net fees and commission income

Net fees and commission income	12 Months Ended
	Dec. 31, 2020
Net fees and commission income [Abstract]
Net fees and commission income	32. Net fees and commission income Net fees and commission income for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Fees and commission income: Credit placement fees W 62,766 66,666 94,836 Commission received as electronic charge receipt 146,309 151,584 143,449 Brokerage fees 412,165 353,382 546,236 Commission received as agency 120,508 140,484 145,162 Investment banking fees 91,273 151,031 161,439 Commission received in foreign exchange activities 214,395 244,325 239,467 Asset management fees 235,275 307,167 255,043 Credit card fees 1,360,322 1,234,239 1,170,078 Operating lease fees (*) 82,141 142,025 245,173 Others 570,102 766,110 813,591 3,295,256 3,557,013 3,814,474 Fees and commission expense: Credit-related fee (36,817 ) (42,023 ) (46,456 ) Credit card fees (944,533 ) (915,521 ) (849,256 ) Others (374,909 ) (458,950 ) (535,829 ) (1,356,259 ) (1,416,494 ) (1,431,541 ) Net fees and commission income W 1,938,997 2,140,519 2,382,933 (*) Among operating lease fees recognized during the current and prior periods, there is no variable lease fee income which does not vary by index or rate.

Dividend income

Dividend income	12 Months Ended
	Dec. 31, 2020
Dividend income [Abstract]
Dividend income	33. Dividend income Dividend income for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Securities at FVTPL W 70,955 65,572 76,453 Securities at FVOCI 16,871 16,586 21,503 W 87,826 82,158 97,956

Net gain (loss) on financial in

Net gain (loss) on financial instruments measured at fair value through profit or loss	12 Months Ended
	Dec. 31, 2020
Net gain (loss) on financial instruments measured at fair value through profit or loss [Abstract]
Net gain (loss) on financial instruments measured at fair value through profit or loss	34. Net gain (loss) on financial instruments measured at fair value through profit or loss Net gain (loss) on financial instruments measured at fair value through profit or loss for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Net gain (loss) on deposits measured at FVTPL Gain (loss) on valuation W (61,848 ) 87,374 1,267 Gain on sale — 13,400 28,461 (61,848 ) 100,774 29,728 Net gain (loss) on loans measured at FVTPL Gain (loss) on valuation 916 (248,032 ) (204,702 ) Gain on sale 9,133 10,395 17,516 10,049 (237,637 ) (187,186 ) Net gain (loss) on securities measured at FVTPL Debt securities Gain on valuation 111,029 137,181 41,208 Gain on sale 78,718 125,431 72,338 Other gains 223,731 297,024 331,837 413,478 559,636 445,383 Equity securities Gain on valuation 286,801 141,246 134,922 Gain (loss) on sale (275,356 ) 183,969 283,265 11,445 325,215 418,187 Other Gain on valuation 19,086 28,803 22,690 444,009 913,654 886,260 2018 2019 2020 Net gain (loss) on financial liabilities measured at FVTPL Debt securities Loss on valuation (115,667 ) (16,810 ) (48,261 ) Gain (loss) on disposal 268,932 (35,710 ) 82,724 153,265 (52,520 ) 34,463 Other Loss on valuation (14,892 ) (91,025 ) (83,316 ) Gain on disposal 1,394 4,169 8,313 (13,498 ) (86,856 ) (75,003 ) 139,767 (139,376 ) (40,540 ) Derivatives: Gain (loss) on valuation (291,879 ) 388,880 245,681 Gain on transaction 179,928 359,187 (661,113 ) (111,951 ) 748,067 (415,432 ) W 420,026 1,385,482 272,830

Net gain (loss) on financial _2

Net gain (loss) on financial instruments designated at fair value through profit or loss	12 Months Ended
	Dec. 31, 2020
Net gain (loss) on financial instruments designated at fair value through profit or loss [Abstract]
Net gain (loss) on financial instruments designated at fair value through profit or loss	35. Net gain (loss) on financial instruments designated at fair value through profit or loss Net gain (loss) on financial instruments designated at fair value through profit or loss for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Financial assets designated at fair value through profit or loss: Equity securities: Loss on sale W (4,737 ) — — Financial liabilities designated at fair value through profit or loss: Borrowings: Gain (loss) on valuation 382,667 (33,871 ) 241,066 Loss on sale and redemption (404,573 ) (812,175 ) (42,827 ) W (26,643) (846,046 ) 198,239

Provision for allowance for cre

Provision for allowance for credit loss	12 Months Ended
	Dec. 31, 2020
Provision for allowance for credit loss [Abstract]
Provision for allowance for credit loss	36. Provision for allowance for credit loss Provision for allowance for credit loss on financial assets for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Loans at amortized cost W (910,898 ) (1,290,695 ) Other financial assets at amortized cost (33,945 ) (33,785 ) Securities at fair value through other comprehensive income (5,787 ) (3,829 ) Unused credit line and financial guarantee (29,519 ) (52,795 ) Securities at amortized cost (543 ) (1,075 ) W (980,692 ) (1,382,179 )

General and administrative expe

General and administrative expenses	12 Months Ended
	Dec. 31, 2020
General and Administrative Expenses [Abstract]
General and administrative expenses	37. General and administrative expenses General and administrative expenses for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Employee benefits: Salaries W 2,736,604 2,918,065 3,034,543 Severance benefits: Defined contribution 23,745 35,972 36,660 Defined benefit 133,749 168,732 184,753 Termination benefits 115,275 122,732 94,723 3,009,373 3,245,501 3,350,679 Entertainment 30,442 36,931 34,963 Depreciation 171,771 479,657 475,506 Amortization 73,575 99,208 129,976 Taxes and utility bills 176,133 197,691 197,996 Advertising 287,688 265,739 204,308 Research 13,928 17,742 20,271 Others 978,665 792,205 798,774 W 4,741,575 5,134,674 5,212,473

Share-based payments

Share-based payments	12 Months Ended
	Dec. 31, 2020
Share-based payments [Abstract]
Share-based payments	38. Share-based payments (a) Stock options granted as of December 31, 2020 are as follows: 6th grant (*) 7th grant (*) Type Cash payment Cash payment Grant date March 20, 2007 March 19, 2008 Exercise price in Korean won W W Number of shares granted 1,301,050 808,700 Options’ expiry dates August 19, 2020 May 17, 2021 / September 17, 2021 Changes in number of shares granted: Beginning balance 58,764 36,162 Exercised and cancelled 58,764 — Ending balance — 36,162 W (Expiration of exercise period : Fair value per share in Korean won — W (Expiration of exercise period : (*) All of stock options have vested as of December 31, 2020, and the weighted average exercise price for 36,162 stock options outstanding as of December 31, 2020 is W (b) Performance shares granted as of December 31, 2020 are as follows: Expired Not expired Type Cash-settled share-based payment Performance conditions (*1) Relative stock price linked (20.0%), management index (80.0%) Exercising period 4 years from the commencement date of the year to which the grant date belongs (5 years in the case of deferred payment) Estimated number of shares vested at December 31, 2020 468,013 1,601,729 Fair value per share in Korean won (*2) W W W W (*1) Starting with the shares provided from 2020, Shinhan Financial Group and Shinhan Bank will apply relative stock price linked (20.0%), management index (60.0%), and prudential index (20.0%). (*2) Based on performance-based stock compensation, the reference stock price (the arithmetic average of the weighted average share price of transaction volume for the past two month, the previous one month, and the past one week) of four years (In the case of deferred quantity for after five years) after the commencement of the grant year is paid in cash, and the fair value of the reference stock to be paid in the future is assessed as the closing price of the settlement. (c) Share-based compensation costs for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 Employees of The controlling The subsidiaries Total Stock options granted: 4th W — (14 ) (14 ) 5th — (19 ) (19 ) 6th (23 ) (139 ) (162 ) 7th (59 ) (86 ) (145 ) Performance share 1,154 9,768 10,922 W 1,072 9,510 10,582 2019 Employees of The controlling The subsidiaries Total Stock options granted: 5th W — 9 9 6th (3 ) (15 ) (18 ) 7th (5 ) (6 ) (11 ) Performance share 4,678 32,646 37,324 W 4,670 32,634 37,304 2020 Employees of The controlling The subsidiaries Total Stock options granted: 6th W (1 ) (4 ) (5 ) 7th (18 ) (26 ) (44 ) Performance share (257 ) (3,902 ) (4,159 ) W (276 ) (3,932 ) (4,208 ) (d) Accrued expenses and the intrinsic value as of December 31, 2019 and 2020 are as follows: 2019 Accrued expenses (*) Employees of The controlling The subsidiaries Total Stock options granted: 6th W 1 4 5 7th 19 27 46 Performance share 10,003 81,352 91,355 W 10,023 81,383 91,406 (*) The intrinsic value of share-based payments is W W 2020 Accrued expenses (*) Employees of The controlling The subsidiaries Total Stock options granted: 7th W 1 1 2 Performance share 7,201 60,241 67,442 W 7,202 60,242 67,444 (*) The intrinsic value of share-based payments is W W

Net other operating expense

Net other operating expense	12 Months Ended
	Dec. 31, 2020
Net other operating expense [Abstract]
Net other operating expense	39. Net other operating expense Other operating income and other operating expense for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Other operating income Gain on disposal of assets: Loans at amortized cost W 40,624 18,298 21,348 Others: Gain on hedged items 418,390 564,438 536,768 Reversal of allowance for guarantees and acceptances 2,834 19,329 2,709 Gain on other trust accounts — 27 — Reversal of other allowance 5,033 11,194 850 Others 131,345 97,777 164,999 557,602 692,765 705,326 598,226 711,063 726,674 Other operating expense Loss on disposal of assets: Loans at amortized cost (14,271 ) (27,291 ) (18,675 ) Others: Loss on hedged items (406,872 ) (596,533 ) (605,808 ) Fund contribution (283,331 ) (311,336 ) (367,993 ) Provision for other debt allowances (13,036 ) (6,939 ) (16,862 ) Depreciation of operating lease assets (56,570 ) (98,288 ) (163,006 ) Others (653,501 ) (857,918 ) (924,796 ) (1,413,310 ) (1,871,014 ) (2,078,465 ) (1,427,581 ) (1,898,305 ) (2,097,140 ) Net other operating expenses W (829,355 ) (1,187,242 ) (1,370,466 )

Net other non-operating income

Net other non-operating income	12 Months Ended
	Dec. 31, 2020
Net other non-operating income [Abstract]
Net other non-operating income	40. Net other non-operating Other non-operating non-operating 2018 2019 2020 Other non-operating Gain on disposal of assets: Property and equipment (*) W 12,611 1,452 64,427 Investment property (*) 4,783 12,640 20,701 Assets held for sale — — 1,147 Lease assets 1,153 1,681 2,712 Right-of-use — 1,112 3,415 Others — 407 24 18,547 17,292 92,426 Gain on disposal of Investments in associates 17,427 3,461 11,325 Others: Rental income on investment property 32,488 43,777 23,890 Reversal of impairment losses on intangible asset 62 438 119 Gain from assets contributed 77 86 4 Others 49,276 82,879 66,268 81,903 127,180 90,281 117,877 147,933 194,032 Other non-operating Loss on disposal of assets: Property and equipment (*) (3,082 ) (870 ) (5,884 ) Investment property (2,958 ) — — Lease assets (3,964 ) (3,221 ) (5,538 ) Right-of-use — (306 ) (1,195 ) Others (3 ) — (64 ) (10,007 ) (4,397 ) (12,681 ) Loss on disposal of investments in associates (11,546 ) (3,974 ) (5,754 ) Impairment loss on investments in associates (5,849 ) — (9,407 ) (17,395 ) (3,974 ) (15,161 ) Others: Donations (88,650 ) (94,937 ) (86,608 ) Depreciation of investment properties (16,917 ) (17,565 ) (20,165 ) Impairment loss on intangible assets (771 ) (152,081 ) (41,429 ) Write-off (1,537 ) (9,221 ) (474 ) Expenses on collection of special bonds (6,048 ) (7,322 ) (7,978 ) Others (26,844 ) (46,465 ) (344,934 ) (140,767 ) (327,591 ) (501,588 ) (168,169 ) (335,962 ) (529,430 ) Net other non-operating W (50,292 ) (188,029 ) (335,398 ) (*) Gain and loss on disposal of sale-and-leaseback sale-and-leaseback W

Income tax expense

Income tax expense	12 Months Ended
	Dec. 31, 2020
Income tax expense [Abstract]
Income tax expense	41. Income tax expense (a) Income tax expense for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Current income tax expense W 896,755 1,115,724 1,131,254 Temporary differences 383,190 296,244 131,862 Income tax recognized in other comprehensive income (11,600 ) (142,844 ) (7,321 ) Income tax expenses W 1,268,345 1,269,124 1,255,795 (b) Income tax expense calculated by multiplying net income before tax with the tax rate for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Profit before income taxes W 4,466,610 4,911,508 4,753,871 Income taxes at statutory tax rates 1,222,840 1,345,187 1,301,836 Adjustments: Non-taxable (9,561 ) 8,500 (4,932 ) Non-deductible 12,854 18,461 14,529 Tax credit (23,317 ) (2,289 ) (88 ) Other 65,529 (100,735 ) (55,550 ) Income tax expense W 1,268,345 1,269,124 1,255,795 Effective tax rate % 28.40 25.84 26.42 (c) Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences for the years ended December 31, 2019 and 2020 are as follows: 2019 Beginning Business Profit or Other Ending Unearned income W (255,336 ) (62,077 ) (14,266 ) — (331,679 ) Account receivable (24,139 ) — (2,185 ) — (26,324 ) Financial assets at fair value through profit or loss 48,277 9,284 (20,972 ) (56,654 ) (20,065 ) Securities at fair value through other comprehensive income 177,358 (554,017 ) 425,491 (130,344 ) (81,512 ) Investment in associates 24,743 — (5,937 ) (48 ) 18,758 Valuation and depreciation of property and equipment (161,996 ) — 10,950 — (151,046 ) Derivative asset (liability) 111,751 (1,132 ) (97,147 ) 7,533 21,005 Deposits 28,036 — 2,605 — 30,641 Accrued expenses 132,689 15,298 (2,493 ) — 145,494 Defined benefit obligation 447,658 4,805 33,321 20,348 506,132 Plan assets (446,323 ) (4,610 ) (57,165 ) 958 (507,140 ) Other provisions 194,475 2,283 16,297 — 213,055 Allowance for acceptances and guarantees 29,157 42,234 8,623 — 80,014 Allowance related to asset revaluation (49,713 ) — — — (49,713 ) Allowance for expensing depreciation (465 ) — 64 — (401 ) Deemed dividend — — — — — Accrued contributions 21,711 — 15,107 — 36,818 Financial instruments designated at fair value through profit of loss (87,408 ) — 130,225 — 42,817 Allowances 48,784 — (10,716 ) — 38,068 Fictitious dividend 1,325 — 16 — 1,341 Liability under insurance contracts 22,593 — 1,554 — 24,147 Deficit carried over — — — — — Others (225,676 ) 204,351 (537,808 ) 15,363 (543,770 ) 37,501 (343,581 ) (104,436 ) (142,844 ) (553,360 ) Expired unused tax losses: Extinguishment of deposit and insurance liabilities 367,444 — (47,433 ) — 320,011 W 404,945 (343,581 ) (151,869 ) (142,844 ) (233,349 ) (*) Deferred tax assets from overseas subsidiaries are increased by W 2020 Beginning Business Profit or Other Ending Unearned income W (331,679 ) — 3,401 — (328,278 ) Account receivable (26,324 ) — (2,754 ) — (29,078 ) Financial assets measured at fair value (101,577 ) 1,750 (28,950 ) (13,308 ) (142,085 ) Investment in associates and etc 18,758 — 144,390 (1,878 ) 161,270 Valuation and depreciation of property and equipment (151,046 ) 7 253 — (150,786 ) Derivative asset (liability) 21,005 — (80,357 ) 3,762 (55,590 ) Deposits 30,641 — (3,009 ) — 27,632 Accrued expenses 145,494 441 (5,071 ) — 140,864 Defined benefit obligation 506,132 209 39,072 (6,759 ) 538,654 Plan assets (507,140 ) — (47,934 ) 1,167 (553,907 ) Other provisions 213,055 — 99,223 — 312,278 Allowance for acceptances and guarantees 80,014 — 8,036 — 88,050 Allowance related to asset revaluation (49,713 ) — — — (49,713 ) Allowance for expensing depreciation (401 ) — 64 — (337 ) Deemed dividend — — — — — Accrued contributions 36,818 — (20,200 ) — 16,618 Financial instruments designated at fair value through profit of loss 42,817 — (71,043 ) — (28,226 ) Allowances 38,068 — 185,583 — 223,651 Fictitious dividend 1,341 — 14,950 — 16,291 Liability under insurance contracts 24,147 — (22,408 ) — 1,739 Deficit carried over — — 311 — 311 Others (543,770 ) 451 (304,112 ) 9,695 (837,736 ) (553,360 ) 2,858 (90,555 ) (7,321 ) (648,378 ) Expired unused tax losses: Extinguishment of deposit and insurance liabilities 320,011 — (35,944 ) — 284,067 W (233,349 ) 2,858 (126,499 ) (7,321 ) (364,311 ) (*) Deferred tax assets from overseas subsidiaries are increased by W (d) Deferred tax assets and liabilities that are directly charged or credited to equity for the years ended December 31, 2019 and 2020 are as follows: January 1, 2019 Changes December 31, 2019 OCI Tax effect OCI Tax effect OCI Tax effect Gain (loss) on valuation of financial assets measured at FVOCI W 11,713 (8,754 ) 427,657 (124,147 ) 439,370 (132,901 ) Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk 235 (65 ) (11,621 ) 3,196 (11,386 ) 3,131 Foreign currency translation adjustments for foreign operations (306,766 ) (15,087 ) 98,418 5,970 (208,348 ) (9,117 ) Gain (loss) on cash flow hedge (24,485 ) 6,733 (23,492 ) 7,533 (47,977 ) 14,266 Equity in other comprehensive income of associates 4,957 (74 ) 3,343 (48 ) 8,300 (122 ) The accumulated other comprehensive income in separate account (*) 5,672 (1,560 ) 14,382 (3,955 ) 20,054 (5,515 ) Remeasurements of the defined benefit liability (477,382 ) 130,700 (76,156 ) 21,306 (553,538 ) 152,006 Gain (loss) on valuation of financial asset measured at FVTPL (Overlay approach) (108,655 ) 29,597 207,333 (56,654 ) 98,678 (27,057 ) W (894,711 ) 141,490 639,864 (146,799 ) (254,847 ) (5,309 ) January 1, 2020 Changes December 31, 2020 OCI Tax effect OCI Tax effect OCI Tax effect Gain (loss) on valuation of financial assets measured at FVOCI W 439,370 (132,901 ) (103,570 ) 23,912 335,800 (108,989 ) Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk (11,386 ) 3,131 4,253 (1,170 ) (7,133 ) 1,961 Foreign currency translation adjustments for foreign operations (208,348 ) (9,117 ) (166,596 ) 7,000 (374,944 ) (2,117 ) Gain (loss) on cash flow hedge (47,977 ) 14,266 (19,958 ) 5,498 (67,935 ) 19,764 Equity in other comprehensive income of associates 8,300 (122 ) (1,450 ) (1,878 ) 6,850 (2,000 ) The accumulated other comprehensive income in separate account (*) 20,054 (5,515 ) 5,358 (1,473 ) 25,412 (6,988 ) Remeasurements of the defined benefit liability (553,538 ) 152,006 21,362 (5,610 ) (532,176 ) 146,396 Gain (loss) on valuation of financial asset measured at FVTPL (Overlay approach) 98,678 (27,057 ) 125,371 (35,073 ) 224,049 (62,130 ) W (254,847 ) (5,309 ) (135,230 ) (8,794 ) (390,077 ) (14,103 ) (*) Deferred tax effects, which are originated from the accumulated other comprehensive income in separate account, are included in the other liabilities of principle and interest guaranteed separate account’s financial statement. (e) There is no the amount of deductible temporary differences, unused tax losses, and unused tax credits that are not recognized as deferred tax assets as of December 31, 2019 and 2020. (f) The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities as of December 31, 2019 and 2020 are as follows: 2019 2020 Investment in associates W (766,888) (897,110 ) (g) The Group set off a deferred tax asset against a deferred tax liability of the same taxable entity if, and only if, they relate to income taxes levied by the same taxation authority and the entity has a legally enforceable right to set off current tax assets against current tax liabilities. Deferred tax assets and liabilities presented on a gross basis prior to any offsetting as of December 31, 2019 and 2020 are as follows: 2019 2020 Deferred tax assets W 518,337 440,430 Deferred tax liabilities (751,686 ) (804,741 )

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2020
Earnings per share [Abstract]
Earnings per share	42. Earnings per share (a) Basic and diluted earnings per share for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Profit attributable to equity holders of Shinhan Financial Group W 3,156,722 3,403,497 3,414,595 Less: Dividends to hybrid bond (40,357 ) (61,993 ) (85,327 ) Net profit available for common stock W 3,116,365 3,341,504 3,329,268 Weighted average number of common shares outstanding (*1) 473,649,076 477,346,731 500,343,324 Basic and diluted earnings per share in won W 6,579 7,000 6,654 (*1) The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019. (*2) Treasury stock has retired on June 1, 2020. (b) The calculation details of the weighted average number of ordinary shares are as follows: 2020 Number of shares Number of days Number of common shares issued 516,599,554 178,880,869,852 Shares of convertible preferred stock 17,482,000 6,398,412,000 Shares of treasury stock (704,796 ) (2,153,625,403 ) Average number of ordinary shares 533,376,758 183,125,656,449 Days 366 days Weighted average number of ordinary shares 500,343,324

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and contingencies [Abstract]
Commitments and contingencies	43. Commitments and contingencies (a) Guarantees, acceptances and credit commitments as of December 31, 2019 and 2020 are as follows: 2019 2020 Guarantees: Outstanding guarantees W 9,319,885 10,249,827 Contingent guarantees 3,669,697 3,433,953 12,989,582 13,683,780 Commitments to extend credit: Loan commitments in won 74,393,722 80,598,639 Loan commitments in foreign currency 22,542,776 19,319,903 ABS and ABCP commitments 2,116,354 1,604,958 Others 81,387,165 87,718,227 180,440,017 189,241,727 Endorsed bills: Secured endorsed bills 11,287 1,650 Unsecured endorsed bills 6,737,097 7,324,559 6,748,384 7,326,209 Loans sold with repurchase agreement 2,099 — W 200,180,082 210,251,716 (b) Pending litigations The Group’s pending lawsuits as a defendant as of December 31, 2020 are as follows: Case Number of Claim Description Status Claim for the payment to execute the assignment order 1 W 7,099 For the deposits at the Group owned by one of the debtor, the plaintiff has received a provisional seizure order, bond seizure and an assignment order that assigned the Bank as a third party debtor. Accordingly, the plaintiff filed a claim against the Bank for the debt payment to execute the assignment order. In progress for the first order. Deposit return 1 5,575 Hanwha Savings Bank, a party to the lender of Meat Loan, filed a lawsuit against all creditors to confirm deposit accounts for the sale of frozen meat. As a result, the lawsuit has been commissioned by HYUN, the legal firm, proceed a Matron’s private lawsuit related the Group. In progress for the first order. Gampo Ramada 1 5,658 The plaintiff has requested the intermediate loan of the repayment of loans until now because the Group planned for a three months extension of the maturity of the intermediate loan and have made a commitment to repay the principal and interest of the unpaid intermediate payment loan to the plaintiff after three months. The Group lost the first and second order (2021.01.14) and the third order is ongoing. Others 530 301,460 It includes various cases, such as compensation for loss claim. 533 W 319,792 As of the December 31, 2020, the Group has recorded W W (c) The Group entered into an agreement between shareholders with Asia Trust Co., Ltd. (60% of its total shares) to acquire remaining stake. In accordance with the agreement, the Group has the right to purchase shares held by the shareholders of Asia Trust Co., Ltd. In response, the shareholders of Asia Trust Co., Ltd. have the right to demand to purchase the shares to the Group. (d) In relation to Asia Trust Co., Ltd., (“Asia Trust”) a subsidiary of the Group, a number of complaints have arisen due to misuse of the seals discarded by employees prior to the Group’s acquisition of Asia Trust. Some of them filed a lawsuit against the Group (claim amount of W (e) Regarding the currency option contracts, the Group has received the dispute arbitration request from the Financial Dispute Arbitration Committee on December 19, 2019; the Group will proceed with Board of Directors’ decision. The Group’s management anticipates that the result of the adjustment will not have a significant impact on the Group’s financial position. (f) As a Prime Brokerage Service operator, the Group entered into a total return swap agreement (TRS, derivatives that exchange profits and losses from underlying assets such as stocks, bonds and funds) with a fund operated by Lime Asset Management (“Lime Fund”). Through TRS with the Group, the Lime Fund invested approximately $200 million in IIG Global Trade Finance Fund, IIG Trade Finance Fund, and IIG Trade Finance Fund-FX The Group invested the IIG Fund in LAM Enhanced Finance III L.P. (“LAM III Fund”) in kind and acquired the LAM III Fund’s beneficiary certificates in accordance with the management instructions of Lime Asset Management in 2019. The recoverable value of the LAM III Fund beneficiary certificates is affected by the recoverable value of the IIG Fund invested in kind. Meanwhile, IIG Fund received cancellation of registration and asset freeze from the US Securities and Exchange Commission in November 2019. The Financial Supervisory Service (FSS) announced in its interim inspection of Lime Fund in February 2020 that the Group is charged of being involved in poor concealment and fraud of Lime Fund while operating TRSs with Lime Fund, and a related prosecution investigation has been under way since then. The Financial Supervisory Service has notified advance notice that is a result of the inspection on the Lime Trade Financial Fund and Lime CI Fund to the Group. In addition, regarding the Lime Trade Financial Fund, the Financial Supervisory Service Sanctions Review Committee and the Financial Services Commission Securities Futures Commission reviewed and voted on the sanctions of former executives and institutions. It will be finalized by the Financial Services Commission in the future, and the Lime CI Fund is currently undergoing a Financial Supervisory Service Sanctions Review Committee. The prosecution arrested and indicted the former director of Prime Brokerage Services on fraud charges. On September 25, the former director of Prime Brokerage Service was convicted in the first trial for fraud for violation of the Capital Market and Financial Investment Services Act. The former director of Prime Brokerage Services submitted an appeal on October 5, 2020. The prosecution indicted the Group and the former director of Prime Brokerage Services on January 22, 2021 for violating ‘Financial Investment Services and Capital Markets Act’. It is expected that the criminal trial will determine whether the Group is legally responsible or not. The Group has determined the present obligation that the Group may liable for the charge of involvement in the fraud is not significant. Meanwhile, as of December 31, 2020, there is an international dispute over some beneficiary certificates acquired under the management order of Lime Asset Management. Considering the board’s voluntary compensation decision and the results of the Financial Supervisory Service’s dispute settlement committee, the Group conducted the compensation and liquidity supply for some of the Lime Fund sales. Supervision authorities are currently conducting inspections on Lime Asset Management, and depending on the inspection results, procedures for dispute settlement and damage relief measures for incomplete sales may be carried out. (g) The Group sold approximately W W (h) The Group has sold Gen2 related trust instruments from May 2014 to November 2019. As of December 31, 2020, approximately W W

Statement of cash flows

Statement of cash flows	12 Months Ended
	Dec. 31, 2020
Disclosure of cash flow statement [Abstract]
Statement of cash flows	44. Statement of cash flows (a) Cash and cash equivalents in the consolidated statements of cash flows as of December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Cash and due from banks at amortized cost W 17,363,450 28,435,818 33,420,549 Adjustments: Due from financial institutions with a maturity over three months from date of acquisition (3,008,188 ) (3,349,719 ) (2,488,156 ) Restricted due from banks (6,175,506 ) (16,506,925 ) (21,969,411 ) W 8,179,756 8,579,174 8,962,982 (b) Significant non-cash 2018 2019 2020 Debt-equity swap W 28,759 224,093 58,528 Transfers from construction-in-progress 6,319 76,004 56,575 Transfers between property and equipment and investment property 28,199 104,573 4,064 Transfers between assets held for sale and property and equipment 80 455 31,633 Transfers between investment property and assets held for sale — 15,795 910 Accounts payable for purchase of intangible assets, etc. 1,047 472,798 137,476 Transaction for right-of-use — 1,376,764 281,785 Exchange of shares related to acquisition of subsidiaries — — 629,449 Exchange of shares related to disposal of treasury stocks — — 287,669 (c) Changes in assets and liabilities arising from financing activities for the years ended December 31, 2019 and 2020 are as follows: 2019 Net derivative Borrowings Debentures Lease Beginning balance W (77,102 ) 29,818,542 63,227,699 536,842 Changes from cash flows 21,958 5,017,269 11,201,673 (269,362 ) Changes from non-cash Amortization of discount on borrowings and debentures — 58,320 352,524 11,291 Changes in foreign currency exchange rate — 173,623 282,534 — Others 60,966 (204,598 ) 298,934 792,901 Business combination — — — 32,587 Ending balance W 5,822 34,863,156 75,363,364 1,104,259 2020 Net derivative Borrowings Debentures Lease Beginning balance W 5,822 34,863,156 75,363,364 1,104,259 Changes from cash flows (43,676 ) 7,465,106 (28,372 ) (781,867 ) Changes from non-cash Amortization of discount on borrowings and debentures — 22,836 437,627 14,504 Changes in foreign currency — 271,179 (417,151 ) — Others 126,638 (1,037,213 ) (221,074 ) 256,426 Business combination(Note47) — 9,000 — 839 Ending balance W 88,784 41,594,064 75,134,394 594,161

Related parties

Related parties	12 Months Ended
	Dec. 31, 2020
Related parties [Abstract]
Related parties	45. Related parties Intra-group balances, and income and expenses arising from intra-group transactions are eliminated in preparing the consolidated financial statements. In accordance with IAS 24, the Group defines the retirement benefit plans of the associates, key management and their families, the consolidation group and related parties as the scope of related parties. The amount of profit and loss, bond and debt balance between the Group and the related parties are disclosed. For details of the subsidiaries, refer to ‘Note 15’. (a) Balances with the related parties as of December 31, 2019 and 2020 are as follows: Related party Account 2019 2020 Investments in associates: BNP Paribas Cardif Life Insurance Other assets W 92 76 ” Credit card loans 173 81 ” Deposits 402 13,941 Partners 4th Growth Investment Fund Deposits 1,443 2,802 BNP Paribas Cardif General Insurance Credit card loans 26 21 ” Other assets 401 — ” Deposits 17 41 Shinhan Praxis K-Growth Other assets 91 — Dream High Fund III Deposits 5 4 Credian Healthcare Private Equity Fund II Deposits 4 2 Midas Dong-A Deposits 233 1,739 Eum Private Equity Fund No.3 Deposits 353 20 Incorporated association Finance Saving Information Center Deposits 6 7 GX Shinhan interest 1 st Unearned revenue 248 — Nomura investment property trust No.19 Loans 11,973 11,976 ” Other assets 42 44 Related party Account 2019 2020 Investments in associates (continued): SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Other assets W 678 1,160 Shinhan-Stonebridge Petro Private Equity Fund (*) Other assets 810 — Korea Finance Security Deposits 362 568 SHINHAN-CORE TREND GLOBAL FUND 1 Unearned revenue 9 16 Hermes Private Investment Equity Fund Deposits 275 352 Multimedia Tech Co.Ltd Deposits 3 — Korea Credit Bureau Deposits 80 2,088 Goduck Gangil1 PFV Co., Ltd Loans 24,000 24,000 ” ACL (78 ) (71 ) SBC PFV Co., Ltd Deposits 5,142 8,011 GMG Development Co,. Ltd (*) Deposits 300 — Sprott Global Renewable Private Equity Fund I Deposits 342 258 IMM Global Private Equity Fund Loans 800 800 ” ACL (3 ) (2 ) ” Deposits 7,598 10,820 Goduck Gangil10 PFV Co., Ltd Loans — 9,400 ” ACL — (19 ) ” Deposits — 2,718 Shinhan Global Healthcare Fund 2 Deposits — 1 One Shinhan Global Fund 1 Unearned revenue — 122 IGIS PRIVATE REAL ESTATE TRUST NO.331 Loans — 9,919 ” Accrued income — 121 ” Unearned revenue — 22 COSPEC BIM tech Loans — 151 ” ACL — (95 ) ” Deposits — 1 IMM Special Situation 1-2 Deposits — 117 EDNCENTRAL Co.,Ltd. Loans — 19,450 ” Accrued income — 9 ” Unearned revenue — 578 KoFC-Neoplux R&D-Biz 2013-1 Account receivables — 2,823 Future-Creation Neoplux Venture Capital Fund Account receivables — 4,137 Neoplux Market-Frontier Secondary Fund Account receivables — 1,630 Gyeonggi-Neoplux Superman Fund Account receivables — 186 Shinhan-Neoplux Energy Newbiz Fund Account receivables — 25 Related party Account 2019 2020 Investments in associates (continued): SHINHAN-NEO Account receivables W — 3 KTC-NP 2011-2 Account receivables — 4,528 Neoplux No.3 Private Equity Fund Account receivables — 748 NV Station Private Equity Fund Deposits — 100 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Unearned revenue — 76 IGIS Private Real Estate Investment Trust 286 Other loans — 436 Genesis North America Power Company No.1 PEF Other loans — 2,171 Key management personnel and their immediate relatives: Loans 4,426 5,144 Assets 43,431 98,852 Liabilities W 16,822 44,404 (*) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2020 (b) Transactions with the related parties for the years ended December 31, 2018, 2019 and 2020 are as follows: Related party Account 2018 2019 2020 Investments in associates BNP Paribas Cardif Life Insurance Fees and commission income W 3,716 4,230 3,390 ” Reversal of credit losses 4 3 — ” Other expense — (1 ) (5 ) ” General and administrative expenses (17 ) (9 ) (4 ) Shinhan Praxis K-Growth Fees and commission income 685 448 361 BNP Paribas Cardif General Insurance Fees and commission income 9 11 10 ” Provision for credit losses (2 ) — — ” Other operating income — 468 333 Midas Dong-A Fees and commission income 47 119 — ” Interest expense (2 ) (1 ) — SP New Technology Business investment Fund I Fees and commission income 317 — — Related party Account 2018 2019 2020 Investments in associates IBKS-Shinhan Creative Economy New Technology Fund Fees and commission income W 13 — — IBKS-Shinhan Creative Economy New Technology Fund 2 (*1) Fees and commission income 16 8 — SM New Technology Business Investment Fund I Fees and commission income 55 14 — JAEYOUNG SOLUTEC CO., LTD. Interest income 523 — — ” Fees and commission income 2 — — ” Other operating income 3 — — ” Reversal of credit losses — — — ” Interest expense (2 ) — — ” Provision for credit losses (1 ) — — Partners 4th Growth Investment Fund Interest expense (19 ) (7 ) (4 ) Shinhan-Albatross Technology Investment Fund Fees and commission income 216 216 54 SHBNPP Private Korea Equity Long-Short Professional Feeder (*2) Fees and commission income 975 363 — KDBC Midas Dong-A Interest expense (2 ) — (2 ) STI-New Fees and commission income 16 — — Shinhan Fintech New Technology Fund No.1 (*1) Fees and commission income 153 38 — Shinhan Global Healthcare Fund 1 Fees and commission income 785 360 — Taihan Industrial System Co., Ltd. Fees and commission income 1 — — Shinhan capital-Cape FN Fund No.1 (*1) Fees and commission income 82 101 — SHC-K2 Fees and commission income 20 19 19 Synergy-Shinhan Mezzanine New Technology Investment Fund Fees and commission income 127 94 50 Shinhan-Midas Dong-A Fees and commission income 71 187 63 GX Shinhan interest 1st Private Equity Fund (*3) Fees and commission income 412 545 454 Shinhan-Nvestor Liquidity Solution Fund Fees and commission income 214 361 361 Related party Account 2018 2019 2020 Investments in associates SHC ULMUS Fund No.1 (*3) Fees and commission income W 51 76 39 Shinhan-PS Fees and commission income 12 20 20 Nomura investment property trust No.19 Interest income 312 519 525 ” Other operating income — 7 3 ” Provision for credit loss (34 ) — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Fees and commission income 236 2,694 2,501 Shinhan-Stonebridge Petro Private Equity Fund Fees and commission income 1,920 1,762 — KOREA FINANCE SECURITY Fees and commission income — 10 10 ” Interest expense — — (1 ) ShinHan-Soo Young Entrepreneur Investment Fund Fees and commission income — 275 206 Shinhan-Rhinos 1 Fund Fees and commission income — 64 64 SHINHAN-CORE TREND GLOBAL FUND1 Fees and commission income — 45 100 Kiwoom-Shinhan Innovation Fund I Fees and commission income — 67 240 One Shinhan Global Fund1 Fees and commission income — 151 399 Open-Shinhan Portfolio Investment Association No. 1 Fees and commission income — 59 59 FuturePlay-Shinhan TechInnovation Fund 1 Fees and commission income — 7 218 WON JIN HOME PLAN CO.,LTD Interest income — 186 — Korea Credit Bureau Fees and commission income — 13 13 ” Interest expense — (5 ) (12 ) Goduck Gangil1 PFV Co., Ltd Interest income — 328 915 ” Fees and commission income — 1,120 — ” Provision for credit loss — (78 ) 7 SBC PFV Co., Ltd Fees and commission income — — 732 ” Interest expense — (3 ) (5 ) IMM Global Private Equity Fund Interest income — 28 25 ” Interest expense — (25 ) (13 ) ” Provision for credit loss — (3 ) — Goduck Gangil10 PFV Co., Ltd Interest income — — 299 ” Fees and commission income — — 793 ” Interest expense — — (4 ) ” Provision for credit loss — — (19 ) Related party Account 2018 2019 2020 Investments in associates IGIS PRIVATE REAL ESTATE TRUST NO.331 Interest income W — — 731 ” Other operating expense — — (67 ) ” Fees and commission income — — 478 COSPEC BIM tech Provision for credit loss — — (95 ) Korea Omega Project Fund I Fees and commission income — — 131 New Green Shinhan Mezzanine Fund Fees and commission income — — 42 Sparklabs-Shinhan Opportunity Fund 1 Fees and commission income — — 174 EDNCENTRAL Co.,Ltd. Interest income — — 649 ” Fees and commission income — — 578 ” Other operating expense — — (121 ) Shinhan Western T&D Consignment Management Real Estate Investment Co., Ltd (*3) Fees and commission income — — 300 Kakao-Shinhan 1st TNYT Fund Fees and commission income — — 165 KoFC-Neoplux R&D-Biz 2013-1 Interest income — — 9 ” Fees and commission income — — 44 Future-Creation Neoplux Venture Capital Fund Interest income — — 14 ” Fees and commission income — — 116 Neoplux Market-Frontier Secondary Fund Fees and commission income — — 416 Gyeonggi-Neoplux Superman Fund Fees and commission income — — 149 Shinhan-Neoplux Energy Newbiz Fund Fees and commission income — — 308 NewWave 6th Fund Fees and commission income — — 303 SHINHAN-NEO Fees and commission income — — 3 KTC-NP 2011-2 Interest income — — 5 ” Fees and commission income — — 86 Neoplux No.3 Private Equity Fund Fees and commission income — — 748 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Fees and commission income — — 1,412 Related party Account 2018 2019 2020 Investments in associates CREDIAN T&F 2020 CORPORATE FINANCIAL STABILITY PRIVATE EQUITY FUND (*3) Interest expense W — — (1 ) Key management personnel and their immediate relatives Interest income 101 161 126 W 11,015 15,045 18,897 (*1) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2019 (*2) As the Group does not have significant influence to this entity, this has been removed from the related parties for the year ended December 31, 2019. (*3) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2020. (c) Key management personnel compensation Key management personnel compensation for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Short-term employee benefits W 22,502 21,237 23,468 Severance benefits 419 731 651 Share-based payment transactions (*) 4,944 12,343 2,628 W 27,865 34,311 26,747 (*) The expenses of share-based payment transactions are the renumeration expenses during the vesting period. (d) The guarantees provided between the related parties as of December 31, 2019 and 2020 are as follows: Amount of guarantees Guarantor Guaranteed Parties 2019 2020 Account Shinhan Bank BNP Paribas Cardif Life Insurance W 10,000 10,000 Unused credit line (*) Among the associates, the amount of the securities purchase agreement for structured entities is W (e) Details of collaterals provided by the related parties as of December 31, 2019 and 2020 are as follows: Provided to Provided by Pledged assets 2019 2020 Shinhan Bank BNP Paribas Cardif Life Insurance Government bonds W 12,000 12,000 Hyungje art printing Properties 120 120 Goduck Gangil1 PFV Co., Ltd Guarantee insurance policy 28,800 28,800 Goduck Gangil10 PFV Co., Ltd Guarantee insurance policy — 13,000 W 40,920 53,920 (f) Details of significant loan transactions with related parties as of December 31, 2019 and 2020 are as follows: 2019 Classification Company Beginning Loan Recover Others (*) Ending Investments in associates Nomura investment property trust No.19 W 11,966 — — 7 11,973 Goduck Gangil1 PFV Co., Ltd — 24,000 — — 24,000 IMM Global Private Equity Fund — 800 — — 800 Total W 11,966 24,800 — 7 36,773 (*) The effect on changes in allowance for credit loss is included. 2020 Classification Company Beginning Loan Recover Others (*1) Ending Investments in associates Nomura investment property trust No.19 W 11,973 — — — 11,973 IGIS PRIVATE REAL ESTATE TRUST NO.331 — 10,000 — (312 ) 9,688 EDNCENTRAL Co.,Ltd. — 20,000 — (619 ) 19,381 Goduck Gangil1 PFV Co., Ltd 24,000 — — — 24,000 Goduck Gangil10 PFV Co., Ltd — 28,200 (18,800 ) — 9,400 IMM Global Private Equity Fund 800 — — — 800 COSPEC BIM tech(*2) — — — 151 151 Total W 36,773 58,200 (18,800 ) (780 ) 75,393 (*1) The effect on changes in allowance for credit loss is included. (*2) For the year ended December 31, 2020, it is incorporated as a related party, and has marked the balance as of December 31, 2020.

Interests in unconsolidated str

Interests in unconsolidated structured entities	12 Months Ended
	Dec. 31, 2020
Disclosure of unconsolidated structured entities [Abstract]
Interests in unconsolidated structured entities	46. Interests in unconsolidated structured entities (a) The nature and extent of interests in unconsolidated structured entities The Group involved in assets-backed securitization, structured financing, beneficiary certificates (primarily investment funds) and other structured entities and characteristics of these structured entities are as follows: Description Assets-backed securitization Securitization vehicles are established to buy assets from originators and issue asset-backed securities in order to facilitate the originators’ funding activities and enhance their financial soundness. The Group is involved in the securitization vehicles by purchasing (or committing to purchase) the asset-backed securities issued and/or providing other forms of credit enhancement. The Group does not consolidate a securitization vehicle if (i) the Group is unable to make or approve decisions as to the modification of the terms and conditions of the securities issued by such vehicle or disposal of such vehicles’ assets, (ii) (even if the Group is so able) if the Group does not have the exclusive or primary power to do so, or (iii) if the Group does not have exposure, or right, to a significant amount of variable returns from such entity due to the purchase (or commitment to purchase) of asset-backed securities so issued or subordinated obligations or by providing other forms of credit support. Structured financing Structured entities for project financing are established to raise funds and invest in a specific project such as M&A (mergers and acquisitions), BTL (build-transfer-lease), shipping finance, etc. The Group is involved in the structured entities by originating loans, investing in equity, or providing credit enhancement. Investment fund Investment fund means an investment trust, a PEF (private equity fund) or a partnership which invests in a group of assets such as stocks or bonds by issuing a type of beneficiary certificates to raise funds from the general public, and distributes its income and capital gains to their investors. The Group manages assets by investing in shares of investment fund or playing a role of an operator or a GP (general partner) of investment fund, on behalf of other investors. The size of unconsolidated structured entities as of December 31, 2019 and 2020 are as follows: 2019 2020 Total assets: Asset-backed securitization W 208,441,947 253,958,036 Structured financing 195,374,046 257,475,395 Investment fund 215,371,530 203,863,889 W 619,187,523 715,297,320 (b) Nature of risks i) The carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities as of December 31, 2019 and 2020 are as follows: 2019 Assets-backed securitization Structured financing Investment fund Total Assets: Loans measured at fair value through profit or loss W 10,646 69,727 — 80,373 Loan at amortized cost 785,134 10,207,866 664,024 11,657,024 Securities at fair value through profit or loss 3,705,565 70,407 9,378,374 13,154,346 Derivate assets 21,494 1,027 — 22,521 Securities at fair value through other comprehensive income 2,144,846 188,429 — 2,333,275 Securities at amortized cost 4,894,942 — — 4,894,942 Other assets 3,244 14,776 58,948 76,968 W 11,565,871 10,552,232 10,101,346 32,219,449 Liabilities: Other liabilities W 682 10,457 — 11,139 2020 Assets-backed securitization Structured financing Investment fund Total Assets: Loans measured at fair value through profit or loss W 10,007 396,006 — 406,013 Loan at amortized cost 882,708 11,631,322 80,166 12,594,196 Securities at fair value through profit or loss 4,703,527 200,966 9,403,611 14,308,104 Derivate assets 10,353 1,050 — 11,403 Securities at fair value through other comprehensive income 2,105,239 122,664 — 2,227,903 Securities at amortized cost 6,294,228 — — 6,294,228 Other assets 2,019 59,980 4,936 66,935 W 14,008,081 12,411,988 9,488,713 35,908,782 Liabilities: Derivate liabilities W 582 — — 582 Other liabilities 2,610 21,421 — 24,031 W 3,192 21,421 — 24,613 ii) Exposure to risk relating to its interests in unconsolidated structured entities as of December 31, 2019 and 2020 are as follows: 2019 Assets-backed securitization Structured financing Investment fund Total Assets held W 11,565,871 10,552,232 10,101,346 32,219,449 ABS and ABCP commitments 1,208,707 2,300 868,498 2,079,505 Loan commitments 845,904 855,520 — 1,701,424 Guarantees 139,522 4,000 — 143,522 Others — 118,969 — 118,969 W 13,760,004 11,533,021 10,969,844 36,262,869 2020 Assets-backed securitization Structured financing Investment fund Total Assets held W 14,008,081 12,411,988 9,488,713 35,908,782 ABS and ABCP commitments 932,113 2,300 1,923,035 2,857,448 Loan commitments 618,030 707,860 — 1,325,890 Guarantees 87,293 — — 87,293 Others — 123,210 5,887 129,097 W 15,645,517 13,245,358 11,417,635 40,308,510

Business combination

Business combination	12 Months Ended
	Dec. 31, 2020
Business combination [Abstract]
Business combination	47. Business combination (a) Neoplux Co., Ltd. i) General information As of September 29, 2020, the Group gained control of Neoplux Co., Ltd. as a subsidiary by acquiring a 96.77% (97.08% stake of voting rights) stake and reporting to the Financial Services Commission about the transfer of subsidiary. As of December 30, 2020, the Group acquired the remaining shares, and Neoplux Co., Ltd. became a wholly owned subsidiary of the Group. The main reason forbusiness combination is to promote investment financing and secure new business opportunities in the investment banking sector. ii) Identifiable net assets Fair values of assets acquired and liabilities assumed as of acquisition date are as follows: Amount (*1) Assets: Cash and due from banks at amortized cost W 179 Investment assets in the long-term 463 Venture capital investment assets 38,800 Private equity investment company investment assets 12,230 Property and equipment 835 Intangible assets (*2) 1,254 Other assets (*3) 18,911 72,672 Liabilities: Borrowings 9,000 Other liabilities 4,804 13,804 Fair value of the identifiable net assets W 58,868 (*1) The accounting for the acquisition of Neoplux Co., Ltd. is tentatively determined using the identifiable assets and liabilities recognized by Neoplux Co., Ltd. at the time of business combination. For the year ended December 31, 2020, the acquisition has not completed the identification of intangible assets for allocation and the fair value assessment of identifiable assets and liabilities. The goodwill may vary depending on the results of the fair value assessment of the identifiable assets and liabilities for the allocation of the consideration. (*2) The contract balance recognized as a business combination includes W (*3) During the business combination, the Group has acquired receivables that are fair value of W W iii) Goodwill Goodwill recognized as a result of business combination is as follows: Amount Consideration paid in cash W 71,128 Fair value of identifiable net assets (58,868 ) Non-controlling 1,718 Goodwill W 13,978 (*) For the year ended December 31, 2020, the non-controlling non-controlling iv) Cost related to business combination The Group incurred a cost of W v) Net cash outflows due to business combination Net cash outflows due to business combination for the year ended December 31, 2020 are as follows: Amount Consideration transferred in cash W 71,128 Acquired cash and cash equivalents (*) (174 ) W 70,954 (*) The amount of cash and cash equivalents acquired is the amount of cash and amortized cost measurement deposits minus the amount of restricted deposits. vi) If Has Neoplux Co., Ltd. consolidated as of January 1, 2020, the consolidated operating income and profit for the period of the Group, which would have been included in the consolidated statement of comprehensive loss, are W W

Uncertainty due to changes in d

Uncertainty due to changes in domestic and global economic conditions	12 Months Ended
	Dec. 31, 2020
Uncertainty due to changes in domestic and global economic conditions [Abstract]
Uncertainty due to changes in domestic and global economic conditions	48. Uncertainty due to changes in domestic and global economic conditions The rapid spread of the COVID-19 ‘ Financial Instruments ’ COVID-19 ended December 31, 2020 is re-estimated COVID-19 Risk exposures by major consolidated subsidiaries due to COVID-19 (a) Shinhan Bank 2020 Airlift Lodging Oil/ Art- Movie Clothing Travel Total Loans at amortized cost W 120,854 3,445,269 685,336 244,036 95,240 1,763,741 112,647 6,467,123 Securities at fair value through profit or loss — — 3,088 — — 3,060 — 6,148 Securities at fair value through other comprehensive income 52,878 2,611 224,894 — 6,539 9,797 — 296,719 Off-balance 404,767 289,948 3,058,516 9,630 111,266 938,705 60,171 4,873,003 W 578,499 3,737,828 3,971,834 253,666 213,045 2,715,303 172,818 11,642,993 (b) Shinhan Card Co., Ltd. 2020 Retails Credit sales Short term card loan Long term card loan Total Loans at amortized cost W 357,589 142,252 283,150 782,991 Off-balance 702,124 702,124 (c) Jeju Bank 2020 Lodging Manufacturing Retail Construction Industry Leisure Transportation Business Etc Total Loans at amortized cost W 599,875 30,095 517,843 85,640 57,677 29,679 92,373 1,413,182 Off-balance 20,658 563 18,691 7,100 1,053 2,103 3,082 53,250 W 620,533 30,658 536,534 92,740 58,730 31,782 95,455 1,466,432 As of December 31, 2020, the exposure of the borrowers who applied for moratorium of interest payments and moratorium of repayment in installments by Shinhan Bank is as follows: Exposure Moratorium of interest payments W 242,794 Moratorium of repayment in installments 1,067,502 Moratorium of interest payments and moratorium of repayment in installments 80,581 W 1,390,877

Transition effects arising from

Transition effects arising from changes in accounting policies	12 Months Ended
	Dec. 31, 2020
Transition effects arising from changes in accounting policies [Abstract]
Transition effects arising from changes in accounting policies	49. Transition effects arising from changes in accounting policies Upon adoption of IFRS 16 ‘Leases’, the Group recognized lease liabilities in relation to leases that had previously been classified as operating leases in accordance with IAS 17. These liabilities were measured at the present value of the future lease payments at the lessee’s incremental borrowing rate on January 1, 2019. The lessee’s incremental borrowing rates applied to the lease liabilities are between 2.06% and 8.96% on January 1, 2019. The difference between the amount of operating lease agreements disclosed as of December 31, 2018 discounted at the Group’s incremental borrowing rate and the lease liabilities recognized at the date of initial application is as follows: Amount Operating lease agreement commitment disclosed as of December 31, 2018 W 610,080 Amount discounted using the Group’s incremental borrowing rate 591,725 Less: Low-value (3,454 ) Value-added Tax (51,429 ) Lease liabilities recognized at the beginning of 2019 W 536,842 Right-of-use W W W W The Group has changed its accounting policies as applying IFRS 9, Financial Instruments Revenue from Contracts with Customers IFRS 9 replaces IAS 39, Financial Instruments: Recognition and Measurement Financial Instruments: Disclosures (i) Changes in equity due to application of IFRS 9 and 15 Changes in equity as of January 1, 2018 due to the initial application date of IFRS 9 and 15 are as follows: Amounts Retained earnings at January 1, 2018 before changes W 20,791,680 Adjustments of retained earnings due to the application of IFRS 9 : Reclassification from financial assets at amortized cost to financial assets measured at fair value through profit or loss (74,061 ) Reclassification from available-for-sale 178,518 Reclassification from available-for-sale 204,457 Increase in loss allowance for financial assets measured at amortized cost (573,088 ) Increase in loss allowance for loan commitments and financial guarantee contracts (55,274 ) Increase in loss allowance for debt instruments measured at fair value through other comprehensive income (18,976 ) Effect of overlay approach application 34,102 Others (*2) (40,063 ) (344,385 ) Adjustments of retained earnings due to the application of IFRS 15 (*3) (2,895 ) Tax effects (*4) 95,426 Retained earnings at January 1, 2018 after changes W 20,539,826 (*1) With the application of IFRS 9, the effect of retained earnings of the recognized impairment from equity securities has reclassified to other comprehensive income. (*2) Include translation of foreign currencies, etc. (*3) The Group has divided the trust fees into trust sales fees and trust managing fees and recognition of trust managing fees are deferred. (*4) Tax effects due to the application of IFRS 9 are separately shown. Amounts Accumulated other comprehensive loss at January 1, 2018 before changes W (529,734 ) Adjustments of accumulated other comprehensive income due to the application of IFRS 9: Reclassification from available-for-sale (178,518 ) Reclassification from available-for-sale (204,457 ) Increase in loss allowance for debt instruments measured at fair value through other comprehensive income 18,976 Effect of overlay approach application (34,102 ) Others (*2) 11,039 (387,062 ) Tax effects (*3) 110,051 Accumulated other comprehensive loss at January 1, 2018 after changes W (806,745 ) (*1) The effect on retained earnings arising from the recognition of impairment losses related to equity securities in the prior periods was transferred to other comprehensive income upon the application of IFRS 9. (*2) Other adjustments include foreign currency translation and changes in non-controlling (*3) Tax effects due to the application of IFRS 9 are separately shown. (ii) Reclassification of financial instruments upon adoption of IFRS 9 Details of reclassification of financial instruments as of January 1, 2018, the initial application date of IFRS 9, are as follows: IAS 39 IFRS 9 Carrying value Carrying Difference Financial assets: Due from banks Loans and receivables Financial assets measured at FVTPL (*2) W 902,124 833,942 (68,182 ) Loans and receivables Amortized cost 19,988,001 19,988,001 — Loan receivables Loans and receivables Financial assets measured at FVTPL (*2) 750,342 778,985 28,643 Loans and receivables Amortized cost 277,126,029 277,126,029 — Other financial assets Loans and receivables Amortized cost 12,090,983 12,090,983 — Trading assets (debt securities) Financial assets at FVTPL Financial assets measured at FVTPL 23,640,646 23,640,646 — Trading assets (equity securities) Financial assets at FVTPL Financial assets measured at FVTPL 4,634,353 4,634,353 — Trading assets (deposit in gold and silver) Financial assets at FVTPL Financial assets measured at FVTPL 189,297 189,297 — Financial assets designated as at FVTPL (debt securities) Financial assets at FVTPL Financial assets measured at FVTPL (*3) 2,030,522 2,030,522 — Financial assets at FVTPL Financial assets designated as at FVTPL 80,288 80,288 — Financial assets designated as at FVTPL (equity securities) Financial assets at FVTPL Financial assets measured at FVTPL (*3) 1,162,553 1,162,553 — Financial assets at FVTPL Financial assets designated as at FVTPL 71,803 71,803 — Financial assets designated as at FVTPL (other securities – compound financial instruments) Financial assets at FVTPL Financial assets measured at FVTPL (*3) 233,892 233,892 — Derivatives Financial assets at FVTPL Financial assets measured at FVTPL (*3) 3,400,178 3,348,803 (51,375 ) AFS financial assets (debt securities) AFS financial assets Financial assets measured at FVTPL (*2) 528,745 533,452 4,707 AFS financial assets Financial assets measured at FVOCI 36,657,807 36,657,807 — AFS financial assets (equity securities) AFS financial assets Financial assets measured at FVTPL (*2) 4,339,979 4,350,969 10,990 AFS financial assets Financial assets measured at FVOCI 590,405 590,405 — IAS 39 IFRS 9 Carrying value Carrying Difference HTM financial assets (debt securities) HTM financial assets Financial assets measured at FVTPL (*2) W 565,813 529,906 (35,907 ) HTM financial assets Amortized cost 24,424,867 24,424,867 — W 413,408,627 413,297,503 (111,124 ) Financial Liabilities: Deposits Financial liability measured at amortized cost Financial liabilities measured at amortized cost W 249,419,224 249,419,224 — Trading liabilities Financial liabilities at FVTPL Financial liabilities measured at FVTPL 1,848,490 1,848,490 — Financial liabilities designated as at FVTPL Financial liabilities at FVTPL Financial liabilities designated as at FVTPL 8,260,636 8,260,636 — Financial liabilities at FVTPL Financial liabilities measured at FVTPL (*3) 36,973 36,973 — Derivatives Financial liabilities at FVTPL Financial liabilities measured at FVTPL (*3) 3,487,661 3,483,642 (4,019 ) Borrowings Financial liabilities measured at amortized cost Financial liabilities measured at amortized cost 27,586,610 27,586,313 (297 ) Debt securities issued Financial liabilities measured at amortized cost Financial liabilities measured at amortized cost 51,340,821 51,340,821 — Others Financial liabilities measured at amortized cost Financial liabilities measured at amortized cost 20,124,451 20,124,432 (19 ) W 362,104,866 362,100,531 (4,335 ) (*1) Gross carrying amounts that are before netting allowance for loan losses or credit loss allowance. (*2) Under IFRS 9, these financial instruments were categorized as financial assets or liabilities – FVTPL, as 1) the instruments are not held within a business model whose objective is achieved by both collecting contractual cash flows and selling them, or 2) the contractual terms of them does not give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (*3) For hybrid contracts including embedded derivatives, the host contract and the derivatives are separated in accordance with IFRS 9. (iii) Impairment of financial assets upon adoption of IFRS 9 Changes of credit loss allowance as of January 1, 2018, the initial application date of IFRS 9, are as follows: Classification Classification Loss allowance Loss allowance Loans and receivables Due from banks Financial assets at amortized cost W 14,054 15,062 Loan receivables Financial assets at amortized cost 2,307,275 2,871,986 Financial assets measured at FVTPL 3,329 — Other financial assets Financial assets at amortized cost 49,679 51,818 AFS financial assets Debt securities Financial assets measured at FVOCI — 18,976 HTM financial assets Debt securities Financial assets at amortized cost — 8,559 W 2,374,337 2,966,401 Financial guarantee Financial guarantee W 36,506 37,289 Unused credit line and other credit commitment Unused credit line and other credit commitment 168,006 222,498 W 204,512 259,787 (iv) The reclassification applying business model For the financial assets as of January 1, 2018, the date of the initial application of IFRS 9, the management of the Group has assessed business model of those, and classified those applying the IFRS. The effect of reclassification is as follows: 1) Gross carrying amounts Carrying value Amount Amount Carrying value Changes in Changes in Financial assets : Due from banks Carrying value under IAS 39 as of January 1, 2018 W 20,890,125 — — 20,890,125 — — Reclassification to financial assets measured at FVTPL — (902,124 ) — (902,124 ) — — 20,890,125 (902,124 ) — 19,988,001 — — Loans Carrying value under IAS 39 as of January 1, 2018 277,876,371 — — 277,876,371 — — Reclassification to financial assets measured at FVTPL — (750,342 ) — (750,342 ) — — 277,876,371 (750,342 ) — 277,126,029 — — Other financial assets Carrying value under IAS 39 as of January 1, 2018 12,090,983 — — 12,090,983 — — Trading assets(debt instruments) (*1) Carrying value under IAS 39 as of January 1, 2018 23,640,646 — — 23,640,646 — — Reclassification to financial assets measured at FVTPL — (23,640,646 ) — (23,640,646 ) — — 23,640,646 (23,640,646 ) — — — — Trading assets(equity instruments) Carrying value under IAS 39 as of January 1, 2018 4,634,353 — — 4,634,353 — — Reclassification to financial assets measured at FVTPL — (4,634,353 ) — (4,634,353 ) — — 4,634,353 (4,634,353 ) — — — — Trading assets(gold deposit) (*1) Carrying value under IAS 39 as of January 1, 2018 189,297 — — 189,297 — — Reclassification to financial assets measured at FVTPL — (189,297 ) — (189,297 ) — — 189,297 (189,297 ) — — — — Carrying value based Amount Amount Carrying value Changes in Changes in Derivatives (*1) Carrying value under IAS 39 as of January 1, 2018 W 3,400,178 — — 3,400,178 — — Reclassification to financial assets measured at FVTPL — (51,375 ) — (51,375 ) — — 3,400,178 (51,375 ) — 3,348,803 — — Financial assets designated at FVTPL (*1) Carrying value under IAS 39 as of January 1, 2018 3,579,057 — — 3,579,057 — — Reclassification to financial assets measured at FVTPL — (3,426,966 ) — (3,426,966 ) — — Reclassification to financial assets designated at FVTPL — (152,091 ) — (152,091 ) — — 3,579,057 (3,579,057 ) — — — — AFS (debt securities) Carrying value under IAS 39 as of January 1, 2018 37,186,552 — — 37,186,552 — — Reclassification to financial assets measured at FVTPL — (528,745 ) — (528,745 ) — — Reclassification to financial assets measured at FVOCI — (36,657,807 ) — (36,657,807 ) — — 37,186,552 (37,186,552 ) — — — — AFS (equity securities) Carrying value under IAS 39 as of January 1, 2018 4,930,385 — — 4,930,385 — — Reclassification to financial assets measured at FVTPL — (4,339,979 ) — (4,339,979 ) — — Reclassification to financial assets measured at FVOCI — (590,406 ) — (590,406 ) — — 4,930,385 (4,930,385 ) — — — — HTM (debt securities) Carrying value under IAS 39 as of January 1, 2018 24,990,680 — — 24,990,680 — — Reclassification to financial assets measured at FVTPL — (565,813 ) — (565,813 ) — — Carrying value based Amount Amount Carrying value Changes in Changes in Reclassification to financial assets measured at amortized cost W — (24,424,867 ) — (24,424,867 ) — — 24,990,680 (24,990,680 ) — — — — Financial assets as measured at FVTPL Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from due from banks — 902,124 (68,182 ) 833,942 — (68,182 ) Transfer from loans and other receivables — 750,342 30,027 780,369 30,027 — Transfer from trading assets — 28,464,296 — 28,464,296 — — Transfer from financial assets designated at FVTPL — 3,426,967 — 3,426,967 — — Transfer from AFS — 4,868,724 7,708 4,876,432 108,532 (108,532 ) Transfer from HTM — 565,813 (35,907 ) 529,906 — (35,907 ) Transfer from derivative assets — 51,375 (42,195 ) 9,180 — — — — (2,575 ) (2,575 ) — — — 39,029,641 (111,124 ) 38,918,517 138,559 (212,620 ) Financial assets designated at FVTPL(IFRS 9) Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from financial assets designated at FVTPL(IAS 39) — 152,091 — 152,091 — — — 152,091 — 152,091 — — Financial assets measured at FVOCI (*2) Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from AFS — 37,248,212 — 37,248,212 204,457 (204,457 ) — 37,248,212 — 37,248,212 204,457 (204,457 ) Financial assets measured at amortized cost (*2) Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from HTM — 24,424,867 — 24,424,867 — — — 24,424,867 — 24,424,867 — — W — (111,124 ) 413,297,503 343,016 (417,077 ) Financial liabilities : Carrying value Amount Amount Carrying value Changes in Changes in other Deposits Carrying value under IAS 39 as of January 1, 2018 W 249,419,224 — — 249,419,224 — — 249,419,224 — — 249,419,224 — — Trading liabilities (*1) Carrying value under IAS 39 as of January 1, 2018 1,848,490 — — 1,848,490 — — Reclassification to financial liabilities measured at FVTPL — (1,848,490 ) — (1,848,490 ) — — 1,848,490 (1,848,490 ) — — — — Financial liabilities designated at FVTPL Carrying value under IAS 39 as of January 1, 2018 8,297,609 — — 8,297,609 — — Reclassification to financial liabilities designated at FVTPL — (8,260,636 ) — (8,260,636 ) — — Reclassification to financial liabilities measured at FVTPL — (36,973 ) — (36,973 ) — — 8,297,609 (8,297,609 ) — — — — Financial liabilities measured at FVTPL Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from trading liabilities — 1,848,490 — 1,848,490 — — Transfer from financial liabilities designated at FVTPL — 36,973 — 36,973 — — — 1,885,463 — 1,885,463 — — Financial liabilities designated at FVTPL Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from financial liabilities designated at FVTPL — 8,260,636 — 8,260,636 — — — 8,260,636 — 8,260,636 — — Financial liabilities : Carrying value Amount Amount Carrying value Changes in Changes in other Derivative liabilities Carrying value under IAS 39 as of January 1, 2018 W 3,487,661 — — 3,487,661 — — Other — — (4,019 ) (4,019 ) — — 3,487,661 — (4,019 ) 3,483,642 — — Borrowings Carrying value under IAS 39 as of January 1, 2018 27,586,610 — — 27,586,610 — — Other — — (297 ) (297 ) — — 27,586,610 — (297 ) 27,586,313 — — Debt securities issued Carrying value under IAS 39 as of January 1, 2018 51,340,821 — — 51,340,821 — — Other financial liabilities Carrying value under IAS 39 as of January 1, 2018 20,124,451 — — 20,124,451 — — Other — — (19 ) (19 ) — — 20,124,451 — (19 ) 20,124,432 — — W 362,104,866 — (4,335 ) 362,100,531 — — (*1) With respect to financial assets and financial liabilities reclassified from the category of fair value through profit or loss, effective interest rates calculated on the initial application date of IFRS 9 and interest income or expense recognized shall be disclosed. Such reclassification has not occurred as a result of the IFRS 9 adoption. (*2) With respect to financial assets and financial liabilities reclassified to financial instruments measured at amortized cost, and financial assets measured at fair value through profit or loss reclassified to the category of fair value through other comprehensive income, the gain or loss on fair value measurement that would otherwise have been recognized in profit or loss or other comprehensive income in the reporting period, and the fair value of the financial assets or financial liabilities, shall be disclosed. Such reclassification has not occurred as a result of the IFRS 9 adoption. 2) Credit loss allowance Carrying value Amount Amount Carrying value Changes in Changes in Credit loss allowance for Due from banks W 14,054 — 1,008 15,062 (1,008 ) — Loans 2,310,604 (3,328 ) 564,710 2,871,986 (561,382 ) — Financial asset measured at FVOCI (Debt securities) — — 18,976 18,976 (18,976 ) 18,976 Financial asset measured at amortized cost (Debt securities) — — 8,559 8,559 (8,559 ) — Other assets 49,679 — 2,139 51,818 (2,139 ) — Financial guarantee 36,506 — 783 37,289 (783 ) — Unused credit line and other credit commitment 168,006 — 54,492 222,498 (54,492 ) — W 2,578,849 (3,328 ) 650,667 3,226,188 (647,339 ) 18,976 (v) Hedge accounting IFRS 9 maintains the mechanics of hedge accounting (i.e. fair value hedge, cash flow hedge, hedge of a net investment in a foreign operation) as defined in IAS 39, whereas a principle-based hedge accounting requirements that focuses on an entity’s risk replaced complex and rule-based hedge accounting requirements in IAS 39. Additionally, qualifying hedged items and qualifying hedging instruments have been expanded and hedge accounting requirements have been eased by eliminating a subsequent hedge effectiveness assessment and a quantitative test (80~125%). Hedge accounting can be applied to certain transactions that fail to qualify for hedge accounting requirements under IAS 39 when applying IFRS 9, and thus alleviates profit or loss volatility. (vi) Financial impact with IFRS 15 As of December 31, 2018, the effect of applying IFRS 15 is as follows in the statement of comprehensive income of the Group as of December 31, 2018 (excluding trust fees reflected by the conversion effect). The effect on the terminated cash flow statement is not significant. The effect on the consolidated statement of financial position as of December 31, 2018 is as follows. Disclosed Adjustments Amount before Liabilities: Provisions: Credit card W — (24,700 ) 24,700 Other liabilities: Accounts payable 9,748,168 (41,758 ) 9,789,926 Unearned revenues 236,827 (209,241 ) 446,068 Others 2,496,169 275,698 2,220,471 The effect on the consolidated statement of comprehensive income is as follows. Disclosed Adjustments Amount before Net fee and commission income (*1)(*2): Fee and commission income: Credit card W 1,360,322 (1,135,515 ) 2,495,837 Fee and commission incomes Credit card payment (944,533 ) 1,135,515 (2,080,048 ) (*1) Before adopting IFRS 15, the Group defers and recognizes the amount allocated to the credit card points as unearned revenue and revenue is recognized only when the points are redeemed and the Group has fulfilled its obligation to provide the benefits. In addition, a provision for onerous contracts is recognized when the expected benefits to be derived by the Group from customer loyalty program are lower than the unavoidable cost of meeting its obligations under the programmes. However under IFRS 15, the amount allocated to the credit card points is regarded as consideration payable to the customers and recognized as a reduction of fee and commission income, estimated as fair value of the monetary benefits taking into account the expected redemption rate. (*2) The Group has changed the recognition of card holder service fee paid to a customer recognized as fee and commission expense before adopting IFRS 15, to reduction of fee and commission income under IFRS 15.

Condensed Shinhan Financial Gro

Condensed Shinhan Financial Group (Parent Company only) Financial Statements	12 Months Ended
	Dec. 31, 2020
Condensed financial information of parent company only disclosure [Abstract]
Condensed Shinhan Financial Group (Parent Company only) Financial Statements	50. Condensed Shinhan Financial Group (Parent Company only) Financial Statements STATEMENTS OF FINANCIAL POSITION 2019 2020 Assets Deposits Banking subsidiaries W 167 3 Other — — Receivables from subsidiaries: Non-banking 2,219,698 3,218,455 Investment (at equity) in subsidiaries: Banking subsidiaries 13,797,222 13,797,222 Non-banking 15,183,053 16,157,962 Financial assets at FVTPL 443,377 1,810,867 Derivative assets 24,352 39,392 Property, equipment and intangible assets, net 11,106 10,360 Other assets Banking subsidiaries 408,436 260,342 Non-banking 171,321 173,473 Other 2,590 15,838 Total assets W 32,261,322 35,483,914 Liabilities and equity Debt securities issued W 9,147,640 9,920,059 Derivative liabilities 17,687 22,133 Accrued expenses & other liabilities 630,569 484,625 Total liabilities 9,795,896 10,426,817 Equity 22,465,426 25,057,097 Total liabilities and equity W 32,261,322 35,483,914 CONDENSED STATEMENTS OF INCOME 2018 2019 2020 Income Dividends from banking subsidiaries W 541,524 892,310 892,420 Dividends from non-banking 866,150 428,634 495,110 Interest income from banking subsidiaries 268 263 194 Interest income from non-banking 31,224 38,968 68,914 Other income 74,215 125,324 268,784 Total income 1,513,381 1,485,499 1,725,422 Expenses Interest expense (187,882 ) (206,815 ) (231,205 ) Other expense (89,145 ) (147,589 ) (216,708 ) Total expenses (277,027 ) (354,404 ) (447,913 ) Profit before income tax expense 1,236,354 1,131,095 1,277,509 Income tax expense 1,471 1,922 3,066 Profit for the year W 1,234,883 1,129,173 1,274,443 CONDENSED STATEMENTS OF CASH FLOWS 2018 2019 2020 Cash flows from operating activities Profit before income taxes W 1,236,354 1,131,095 1,277,509 Non-cash (1,251,379 ) (1,164,022 ) (1,313,967 ) Changes in operating assets and liabilities (1,671,189 ) 1,475,702 (1,272,738 ) Net interest paid (153,926 ) (154,765 ) (165,570 ) Dividend received from subsidiaries 1,407,674 1,320,944 1,386,843 Income tax refunds(paid) — (194 ) — Net cash provided by (used in) operating activities (432,466 ) 2,608,760 (87,923 ) Cash flows from investing activities Net loan origination to non-banking (412,630 ) (575,936 ) (1,073,657 ) Acquisition of subsidiary (42,273 ) (2,977,196 ) (73,335 ) Other, net (231,281 ) (660 ) (100,875 ) Net cash used in investing activities (686,184 ) (3,553,792 ) (1,247,867 ) Cash flows from financing activities Issuance of common stocks — — 1,154,347 Issuance of convertible preferred shares — 747,791 — Issuance of hybrid bonds 1,107,838 199,476 448,699 Net changes in borrowings 120,000 (125,000 ) — Issuance of debt securities issued 2,396,138 3,194,764 2,240,581 Repayments of debt securities issued (1,590,000 ) (1,844,000 ) (1,384,000 ) Dividend paid (714,705 ) (830,772 ) (968,847 ) Acquisition of treasury stock (151,993 ) (444,077 ) (150,448 ) Disposition of and incineration cost of treasury stock — — (3,033 ) Redemption of lease liabilities — (1,614 ) (1,673 ) Net cash provided by (used in) financing activities 1,167,278 896,568 1,335,626 Net increase (decrease) in cash and cash equivalents 48,628 (48,464 ) (164 ) Cash and cash equivalents at beginning of year — 48,628 164 Cash and cash equivalents at end of year W 48,628 164 —

Basis of preparation (Policies)

Basis of preparation (Policies)	12 Months Ended
	Dec. 31, 2020
Disclosure of basis of preparation [Abstract]
Statement of compliance	(a) Statement of compliance The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS are the standards and related interpretations issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements were authorized for issue by the Board of Directors on February 5, 2021, accordingly such statements were submitted for approval to the stockholder’s meeting held on March 25, 2021.
Basis of measurement	(b) Basis of measurement The consolidated financial statements have been prepared on the historical cost basis, except for the following material items in the statement of financial position: • derivative financial instruments measured at fair value • financial instruments at fair value through profit or loss measured at fair value • financial instruments at fair value through other comprehensive income measured at fair value • liabilities for cash-settled share-based payment arrangements measured at fair value • financial assets and liabilities designated as hedged items in a fair value hedge accounting of which changes in fair value attributable to the hedged risk recognized in profit or loss • liabilities for defined benefit plans recognized at the net of the total present value of defined benefit obligations less the fair value of plan assets
Functional and presentation currency	(c) Functional and presentation currency These consolidated financial statements are presented in Korean won, which is the Controlling Company’s functional currency and the currency of the primary economic environment in which the Group operates.
Use of estimates and judgments	(d) Use of estimates and judgments The preparation of the consolidated financial statements in conformity with IFRS requires management to Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about critical judgments in applying accounting policies that have a significant effect on the amounts recognized in the consolidated financial statements and information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are described in Note 5. In preparing these consolidated financial statements, the significant judgments made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty are the same as those that applied to the consolidated financial statements as of and for the year ended December 31, 2019.
Change in accounting policy	(e) Change in accounting policy Except for the following new standards, which have been applied from January 1, 2020, the accounting policies applied by the Group in these consolidated financial statements are the same as those applied by the Group in its consolidated financial statements as of and for the year ended December 31, 2019. i) Amendments to IAS 1 ‘Presentation of financial statements’ and IAS 8 ‘Accounting policies, changes in accounting estimates and errors’ – Definition of materiality The amendments clarify the explanation of the definition of material and IAS 1 and IAS 8 are amended in accordance with the clarified definitions. Materiality is assessed by reference to omission or misstatement of material information as well as effects of immaterial information, and to the nature of the users when determining the information to be disclosed by the Group. The amendments do not have a significant impact on the consolidated financial statements. ii) Amendments to IFRS 3 ‘Business combination’ – Definition of business To consider the integration of the acquired activities and assets as a business, the amended definition of a business requires an acquisition to include an input and a substantive process that together significantly contribute to the ability to create outputs and excludes economic benefits from lowing the costs. If all of the fair value of gross assets acquired is substantially concentrated in a single identifiable asset or a group of similar assets, an entity may elect to apply a concentration test, an optional test, to permit a simplified assessment of whether an acquired asset of activities and assets is not a business. The amendments do not have a significant impact on the consolidated financial statements. (iii) Amendments to IFRS 16 ‘Lease’ – The practical expedient for the exemption, discount or deferral of rent related to COVID-19 As a practical expedient, the lessee may not evaluate whether a rent concession, such as the rent discount directly resulting from COVID-19, W ‘Lease’.

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2020
Disclosure of significant accounting policies [Abstract]
Operating segments	(a) Operating segments The Group has divided the segments based on internal reports reviewed periodically by the top sales decision maker to make decisions about the resources allocated to the segments and evaluate their performance. There are five reporting segments as described in Note 7. The reporting segments are operated separately according to the nature of the goods and services provided and the organizational structure of the Group. The segment reported to the Chief Executive Officer (“CEO”) includes items directly attributable to a segment as well as those that can be allocated on a reasonable basis. It is the CEO’s responsibility to evaluate the resources to be distributed to the business and the performance of the business, and to make strategic decisions.
Basis of consolidation	(b) Basis of consolidation i) Subsidiaries Subsidiaries are investees controlled by the Group. The Group controls an investee when it is exposed to, or has rights to, variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. If a member of the Group uses accounting policies other than those adopted in the consolidated financial statements for the same transactions and events in similar circumstances, appropriate adjustments are made to its financial statements in preparing the consolidated financial statements. ii) Structured entity The Group establishes or invests in various structured entities. It does not own shares directly or indirectly for these companies. Considering the terms and conditions of the arrangement in which the structured entity was established, the consolidated entity gains and losses from the operations of the structured entity. It is included in the consolidated entities if it is determined that it has the ability to direct the activities of a consolidated structured entity that can most significantly affect these gains and losses. The Group does not recognize any non-controlling non-controlling iii) Intra-group transactions eliminated on consolidation Intra-group balances, transactions, and any unrealized income and expenses arising from intra-group transactions are eliminated in preparing the consolidated financial statements. Unrealized intra-group losses are recognized as expense if intra-group losses indicate an impairment that requires recognition in the consolidated financial statements. iv) Non-controlling Non-controlling non-controlling non-controlling
Business combinations	(c) Business combinations i) Business combinations A business combination is accounted for by applying the acquisition method, unless it is a combination involving entities or businesses under common control. Each identifiable asset and liability is measured at its acquisition-date fair value except for below: • Leases are required to be classified on the basis of the contractual terms and other factors • Only those contingent liabilities assumed in a business combination that are a present obligation and can be measured reliably are recognized • Deferred tax assets or liabilities are recognized and measured in accordance with IAS 12, ‘Income Taxes’ • Employee benefit arrangements are recognized and measured in accordance with IAS 19, ‘Employee Benefits’ • Indemnification assets are recognized and measured on the same basis as the indemnified liability or asset • Reacquired rights are measured in accordance with special provisions • Liabilities or equity instruments related to share-based payment transactions are measured in accordance with the method in IFRS 2, ‘Share-based Payment’ • Non-current ‘Non-current As of the acquisition date, non-controlling non-controlling The transfer consideration in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the acquirer, the liabilities incurred by the acquirer to former owners of the acquired and the equity interests issued by the acquirer. However, any portion of the acquirer’s share-based payment awards exchanged for awards held by the acquired employee that is included in transfer consideration in the business combination shall be measured in accordance with the method described above rather than at fair value. Acquisition-related costs are costs the acquirer incurs to effect a business combination. Those costs include broker’s fees; advisory, legal, accounting, valuation and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and costs of registering and issuing debt and equity securities. Acquisition-related costs, other than those associated with the issue of debt or equity securities, which are recognized in accordance with IAS 32 and IFRS 9, are expensed in the periods in which the costs are incurred and the services are received.
Investments in associates and joint ventures	(d) Investments in associates and joint ventures An associate is an entity in which the Group has significant influence, but not control, over the entity’s financial and operating policies. Significant influence is presumed to exist when the Group holds between 20 and 50 percent of the voting power of another entity. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The investment in an associate and a joint venture is initially recognized at cost, and the carrying amount is increased or decreased to recognize the Group’s share of the profit or loss and changes in equity of the associate and the joint venture after the date of acquisition. Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated the Group’s stake in preparing the consolidated financial statements. Intra-group losses are recognized as expense if intra-group losses indicate an impairment that requires recognition in the consolidated financial statements. If an associate or a joint venture uses accounting policies different from those of the Group for transactions and events in similar circumstances, appropriate adjustments are made to its financial statements in applying the equity method. When the carrying amount of that interest, including any long-term investments, is reduced to nil, the recognition of further losses is discontinued except to the extent that the Group has an obligation or has to make payments on behalf of the investee for further losses.
Cash and cash equivalents	(e) Cash and cash equivalents Cash and cash equivalents are comprised of cash balances and call deposits with original maturities of three months or less from the acquisition date that are subject to an insignificant risk of changes in their fair value, and are used by the Group in the management of its short-term commitments. Equity instruments are excluded from cash equivalents unless they are, in substance, cash equivalents, like in the case of preferred shares acquired within a short period of their maturity and with a specified redemption date.
Non-derivative financial assets	(f) Non-derivative Financial assets are recognized in the consolidated statement of financial position when the Group becomes a party to the contract. In addition, a standardized purchase or sale (a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the market concerned) is recognized on the trade date. A financial asset is measured initially at its fair value plus, for an item not at Fair Value Through Profit or Loss (“FVTPL”), transaction costs that are directly attributable to its acquisition of the financial asset. Transaction costs on the financial assets at FVTPL that are directly attributable to the acquisition are recognized in profit or loss as incurred. i) Financial assets designated at FVTPL Financial assets can be irrevocably designated as measured at FVTPL despite of classification standards stated below, if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise from measuring assets or liabilities or recognizing the gains or losses on them on different bases. ii) Equity instruments For the equity instruments that are not held for short-term trading, at initial recognition, the Group may make an irrevocable election to present subsequent changes in fair value in other comprehensive income. Equity instruments that are not classified as financial assets at Fair Value through Other Comprehensive Income (“FVOCI”) are classified as financial assets at FVTPL. The Group subsequently measures all equity investments at fair value. Valuation gains or losses of the equity instruments that are classified as financial assets at FVOCI previously recognized as other comprehensive income is not reclassified as profit or loss on recognition. The Group recognizes dividends in profit or loss when the Group’s right to receive payments of the dividend is established. Valuation gains or losses due to changes in fair value of the financial assets at FVTPL are recognized in the consolidated statement of comprehensive income gains or losses on financial assets at FVTPL. Impairment loss (reversal) on equity instruments at FVOCI is not recognized separately. iii) Debt instruments Subsequent measurement of debt instruments depends on the Group’s business model in which the asset is managed and the contractual cash flow characteristics of the asset. Debt instruments are classified as financial assets at amortized cost, at FVOCI, or at FVTPL. Debt instruments are reclassified only when the Group’s business model changes. ① Financial assets at amortized cost Assets that are held within a business model whose objective is to hold assets to collect contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A gain or loss on a financial asset measured at amortized cost that is not subject to a hedging relationship is recognized in profit or loss when the financial asset is derecognized or impaired. Interest income on the effective interest method is included in the ‘Interest income’ in the consolidated statement of comprehensive income. ② Financial assets at FVOCI Assets that are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Other than impairment losses, interest income, foreign exchange differences, gains or losses of the financial assets at FVOCI are recognized as other comprehensive income in equity. On removal, gains or losses accumulated in other comprehensive income are reclassified to profit or loss. The interest income on the effective interest method is included in the ‘Interest income’ in the consolidated statement of comprehensive income. Foreign exchange differences and impairment losses are included in the ‘Net foreign currency transaction gain’ and ‘Provision for credit losses allowance’ in the consolidated statement of comprehensive income, respectively. ③ Financial assets at FVTPL Debt securities other than financial assets at amortized costs or FVOCI are classified at FVTPL. Unless hedge accounting is applied, gains or losses from financial assets at FVTPL are recognized as profit or loss and are included in ‘Net gain on financial assets at fair value through profit or loss’ in the consolidated statement of comprehensive income. iv) Embedded derivatives Financial assets with embedded derivatives are classified regarding the entire hybrid contract, and the embedded derivatives are not separately recognized. The entire hybrid contract is considered when it is determined whether the contractual cash flows represent solely payments of principal and interest. v) Derecognition of financial assets The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. If the Group does not have or transfer most of the risks and rewards of ownership of the financial asset, the entity shall remove the financial asset if it does not control the financial asset. If the Group continues to control the financial asset, it continues to recognize the transferred asset to the extent that it is continuously involved and recognizes the related liability together. If the Group transfers the right to cash flows of a financial asset but holds most of the risks and rewards of ownership of the financial asset, the entity shall continue to recognize the asset. Also, the amount of disposal amount is recognized as a liability. vi) Offsetting Financial assets and financial liabilities are offset and the net amount is presented in the consolidated statement of financial position only when the Group currently has a legally enforceable right to set off the recognized amounts, and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously.
Derivative financial instruments	(g) Derivative financial instruments Derivatives are initially recognized at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. i) Hedge accounting The Group holds forward exchange contracts, interest rate swaps, currency swaps and other derivative contracts to manage interest rate risk and foreign exchange risk. The Group designated derivatives as hedging instruments to hedge the risk of changes in the fair value of assets, liabilities or firm commitments (a fair value hedge) and foreign currency risk of highly probable forecasted transactions or firm commitments (a cash flow hedge). On initial designation of the hedge, the Group formally documents the relationship between the hedging instrument(s) and hedged item(s), including the risk management objectives and strategy in undertaking the hedge transaction. In addition, this document describes the hedging instrument, hedged item, and the method of evaluating the effect of the hedging instrument offsetting changes in the fair value or cash flow of the hedged item due to the hedged risk at the initiation of the hedging relationship and in subsequent periods. The group has applied the following reliefs that were introduced by the amendments made to IFRS 9 Financial Instruments in September 2019. In a hedging relationship, the assume that the interest rate index that is the underlying variable of cash flows does not change to the interest rate index reform when reviewing the probability of occurrence and the prospective assessment of the effectiveness of the hedge. For hedges of non-contractually specified interest rate risk components, the requirement that the hedged risk should be separately identifiable applies only at the inception of the hedging relationship. Through the interest rate index reform, this application of exception is ended when the timing and amount of cash flows based on the interest rate index will no longer appear, or the hedging relationship is discontinued. ① Fair value hedge Changes in the fair value of a derivative hedging instrument designated as a fair value hedge are recognized in profit or loss. The gain or loss from remeasuring the hedging instrument at fair value for a derivative hedging instrument and the gain or loss on the hedged item attributable to the hedged risk are recognized in profit or loss in the same line item of the separate statement of comprehensive income. The Group discontinues fair value hedge accounting if the hedging instrument expires or is sold, terminated or exercised, or if the hedge no longer meets the criteria. Any adjustment arising from G/L on the hedged item attributable to the hedged risk is amortized to profit or loss from the date the hedge accounting is discontinued. ② Cash flow hedge When a derivative is designated to hedge the variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable forecasted transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income, net of tax, and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated, exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income is reclassified to profit or loss in the periods during which the forecasted transaction occurs. If the forecasted transaction is no longer expected to occur, then the balance in other comprehensive income is recognized immediately in profit or loss. ③ Net investment hedge The portion of the change in fair value of a financial instrument designated as a hedging instrument that meets the requirements for hedge accounting for a net investment in a foreign operation is recognized in other comprehensive income and the ineffective portion of the hedge is recognized in profit or loss. The portion recognized as other comprehensive income that is effective as a hedge is recognized in the statement of comprehensive income as a result of reclassification adjustments in accordance with IAS 21, “Effect of Changes in Foreign Exchange Rates” at the time of disposing of its overseas operations or disposing of a portion of its overseas operations To profit or loss. ii) Other derivative financial instruments All derivatives except those designated as hedging instruments and are effective in hedging are measured at fair value. Changes in the fair value of other derivative financial instrument not designated as a hedging instrument are recognized immediately in profit or loss. iii) Unobservable valuation differences at initial recognition Any difference between the fair value of over the counter derivatives at initial recognition and the amount that would be determined at that date using a valuation technique in a situation in which the valuation is dependent on unobservable parameters is not recognized in profit or loss but is recognized on a straight-line basis over the life of the instrument or the remainder is recognized in profit or loss immediately when the fair value becomes observable.
Impairment: Financial assets and contract assets	(h) Impairment: Financial assets and contract assets The Group recognizes allowance for credit loss for debt instruments measured at amortized cost and fair value through other comprehensive income, and lease receivable, loan commitments and financial guarantee contracts using the expected credit loss impairment model. Financial assets migrate through the following three stages based on the change in credit risk since initial recognition and allowance for credit loss for the financial assets are measured at the 12-month Category Allowance for credit loss STAGE 1 When credit risk has not increased significantly since the initial recognition 12-months STAGE 2 When credit risk has increased significantly since the initial recognition Lifetime ECL: a lifetime ECL associated with the probability of default events occurring over the remaining lifetime STAGE 3 When assets are impaired Same as above The Group, meanwhile, only recognizes the cumulative changes in lifetime expected credit losses since the initial recognition as an allowance for credit loss for purchased or originated credit-impaired financial assets. The total period refers to the expected life span of the financial instrument up to the contract expiration date. i) Reflection of forward-looking information The Group reflects forward-looking information presented by internal experts based on a variety of information when measuring expected credit losses. For the purpose of estimating these forward-looking information, the Group utilizes the economic outlook published by domestic and overseas research institutes or government and public agencies. The Group reflects future macroeconomic conditions anticipated from a neutral standpoint that is free from bias in measuring expected credit losses. Expected credit losses in this respect reflect conditions that are most likely to occur and are based on the same assumptions that the Group used in its business plan and management strategy. ii) Measurement of expected credit loss of financial at amortization cost The expected credit loss of an amortized financial asset is measured as the difference between the present value of the cash flows expected to be received and the cash flow expected to be received. For this purpose, we calculate expected cash flows for individually significant financial assets. For non-individual Expected credit losses are deducted using the allowance for credit loss account and are written off if the financial assets are not recoverable. The allowance for credit loss is increased when the written-off iii) Measurement of estimated credit loss of financial assets at FVOCI The calculation of expected credit losses is the same as for financial assets measured at amortized cost, but changes in allowance for credit loss are recognized in other comprehensive income. In the case of disposal and redemption of other comprehensive income – fair value, the allowance for credit loss is reclassified from other comprehensive income to profit or loss and recognized in profit or loss.
Property and equipment	(i) Property and equipment Property and equipment are initially measured at cost and after initial recognition. The cost of property and equipment includes expenditures arising directly from the construction or acquisition of the asset, any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Property and equipment are carried at cost less accumulated depreciation and accumulated impairment losses. Certain land and buildings are measured at fair value at the date of transition to IFRS, which is deemed cost, in accordance with IFRS 1, ‘First-time Adoption of IFRS’ The Group recognizes in the carrying amount of an item of property and equipment the cost of replacing part of property and equipment when that cost is incurred if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of those parts that are replaced is derecognized. The costs of the day-to-day Land is not depreciated. Other property and equipment are depreciated on a straight-line basis over the estimated useful lives, which most closely reflect the expected pattern of consumption of the future economic benefits embodied in the asset. Descriptions Useful lives Buildings 40~50 years Other properties 4~5 years Depreciation methods, useful lives and residual values are reassessed at each fiscal year-end
Intangible assets	(j) Intangible assets Intangible assets are measured initially at cost and, subsequently, are carried at cost less accumulated amortization and accumulated impairment losses. Amortization of intangible assets except for goodwill is calculated on a straight-line basis over the estimated useful lives of intangible assets as shown below, from the date that they are available for use. The residual value of intangible assets is zero. However, if there are no foreseeable limits to the periods over which certain intangible assets are expected to be available for use, they are determined to have indefinite useful lives and are not amortized. Descriptions Useful lives Software 5 years Capitalized development cost 5 years Other intangible assets 5 years or contract periods Amortization periods and the amortization methods for intangible assets with finite useful lives are reviewed at the end of each reporting period. The useful lives of intangible assets that are not being amortized are reviewed at the end of each reporting period to determine whether events and circumstances continue to support indefinite useful life assessments for those assets. Changes are accounted for as changes in accounting estimates. Expenditures on research activities, undertaken with the prospect of gaining new technical knowledge and understanding, are recognized in profit or loss as incurred. Development expenditures are capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Other development expenditures are recognized in profit or loss as incurred.
Investment properties	(k) Investment properties Investment property is property held either to earn rental income or for capital appreciation or both. An investment property is initially recognized at cost including any directly attributable expenditure. Subsequent to initial recognition, the asset is measured at cost less accumulated depreciation and accumulated impairment losses, if any. The depreciation method and the estimated useful lives for the current and comparative periods are as follows: Descriptions Depreciation method Useful lives Buildings Straight-line 40 years
Leased assets - policy applicable from January 1, 2019	(l) Leased assets – policy applicable from January 1, 2019 i) Accounting treatment as the lessee The Group leases various tangible assets, such as real estate and vehicles, and the each lease contract is negotiated individually and includes a variety of terms and conditions. There are no other restrictions imposed by the lease contracts, but the lease assets cannot be provided as collaterals for borrowings. At the commencement date of the lease, the Group recognizes the right-of-use Right-of-use Lease liabilities are measured at the present value of the lease payments that are not paid at the commencement date of the lease, and the lease payments included in the measurement of the liabilities consist of the following payments: • Fixed payments (including in-substance • Variable lease payments depending on the index or rate • Amounts expected to be paid by the lessee under the residual value guarantee • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option extended lease payments in an optional renewal period if the lessee is reasonably certain to that they will exercise the extension option • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease If the interest rate implicit in the lease is readily determined, the lease payments are discounted by the rate; if the rate is not readily determined, the lessee’s incremental borrowing rate is used. The cost of the right-of-use • The amount of the initial measurement of the lease liability • Any lease payments made at or before the commencement date (less any lease incentives received) • Any initial direct costs incurred by the lessee • An estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease Lease payments related to short-term leases or low-value low-value W Additional considerations for the Group when accounting for lessees include: Extension and termination options are included in a number of real estate lease contracts of the Group. In determining the lease term, management considers all relevant facts and circumstances that create an economic incentive not to exercise the options. The periods covered by, a) an option to extend the lease if the lessee is reasonably certain to exercise that option, or b) an option to terminate the lease if the lessee is reasonably certain not to exercise that option, is included when determining the lease term. The Group reassesses whether the Group is reasonably certain to exercise the extension option, or not to exercise a termination option, upon the occurrence of either a significant event or a significant change in circumstances that is within the control of the lessee, and affects whether the lessee is reasonably certain to exercise an option not previously included in its determination of the lease term, or not to exercise an option previously included in its determination of the lease term. ii) Accounting treatment as the lessor The Group leases out to lessees various tangible assets, including vehicles under operating and finance lease contracts, and the each lease contract is negotiated individually and includes a variety of terms and conditions. The risk management method for all rights held by the Group in the underlying assets includes repurchase agreements, residual value guarantees, etc. ① Finance leases The Group recognizes them as a receivable at an amount equal to the net investment in the lease, and the difference from the carrying amount of the leasing asset as of the commencement date is recognized as profit or loss from disposal of the lease asset. In addition, interest income is recognized by applying the effective interest method for the amount of the Group’s net investment in finance leases. Lease-related direct costs are included in the initial recognition of financial lease receivables and are accounted for in a way that reduces the revenue for the lease term. ② Operating leases The Group recognizes the lease payments as income on straight-line basis, and adds the lease initial direct costs incurred during negotiation and contract phase of the operating lease to the carrying amount of the underlying asset. In addition, the depreciation policy of operating lease assets is consistent with the Group’s depreciation policy of other similar assets.
Leased assets - policy applicable before January 1, 2019	(m) Leased assets – policy applicable before January 1, 2019 The Group classifies and accounts for leases as either a finance or operating lease, depending on the terms. Leases where the Group assumes substantially all of the risks and rewards of ownership are classified as finance leases. All other leases are classified as operating leases. i) Finance leases At the commencement of the lease term, the Group recognizes as finance assets and finance liabilities in its consolidated statements of financial position, the lower amount of the fair value of the leased property and the present value of the minimum lease payments, each determined at the inception of the lease. Any initial direct costs are added to the amount recognized as an asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding liability. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability. Contingent rents are charged as expenses in the periods in which they are incurred. The depreciable amount of a leased asset is allocated to each accounting period during the period of expected use on a systematic basis consistent with the depreciation policy the lessee adopts for depreciable assets that are owned. If there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term, the asset is fully depreciated over the shorter of the lease term and its useful life. The Group reviews to determine whether the leased asset may be impaired. ii) Operating leases Payments made under operating leases are recognized in profit or loss on a straight-line basis over the period of the lease. iii) Lessor Under a finance lease, the lessor recognizes a finance lease receivable. Over the lease term the lessor accrues interest income on the net investment. The receipts under the lease are allocated between reducing the net investment and recognizing finance income, so as to produce a constant rate of return on the net investment. Under an operating lease, the lessor recognizes the lease payments as income over the lease term and the leased asset in its statement of financial position.
Assets held for sale	(n) Assets held for sale Non-current classified as held for sale, the asset (or disposal group) must be available for immediate sale in its present condition and its sale must be highly probable. The assets or disposal group that are classified as non-current The Group recognizes an impairment loss for any initial or subsequent write-down of an asset (or disposal group) to fair value less costs to sell, and a gain for any subsequent increase in fair value less costs to sell, up to the cumulative impairment loss previously recognized in accordance with IAS 36 ‘ Impairment of Assets’ An asset that is classified as held for sale or part of a disposal group classified as held for sale is not depreciated (or amortized).
Impairment of non-financial assets	(o) Impairment of non-financial The carrying amounts of the Group’s non-financial non-current Goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, irrespective of whether there is any indication of impairment, are tested for impairment annually by comparing their recoverable amount to their carrying amount. The Group estimates the recoverable amount of an individual asset, and if it is impossible to measure the individual recoverable amount of an asset, then the Group estimates the recoverable amount of cash-generating unit (“CGU”). A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of assets. The recoverable amount of an asset or a CGU is the greater of its value in use and its fair value less costs to sell. The value in use is estimated by applying a pre-tax An impairment loss is recognized if the carrying amount of an asset or a CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. Goodwill acquired in a business combination is allocated to each CGU that is expected to benefit from the synergies arising from the goodwill acquired. Any impairment identified at the CGU level will first reduce the carrying value of goodwill and then be used to reduce the carrying amount of the other assets in the CGU on a pro rata basis. Except for impairment losses in respect of goodwill which are never reversed, an impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
Non-derivative financial liabilities	(p) Non-derivative The Group recognizes financial liabilities in the consolidated statement of financial position when the Group becomes a party to the contractual provisions of the financial liability in accordance with the substance of the contractual arrangement and the definitions of financial liabilities. Transaction costs on the financial liabilities at FVTPL are recognized in profit or loss as incurred. i) Financial liabilities designated at FVTPL Financial liabilities can be irrevocably designated as measured at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases, or a group of financial instruments is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy. The amount of change in the fair value of the financial liabilities designated at FVTPL that is attributable to changes in the credit risk of that liabilities shall be presented in other comprehensive income. ii) Financial liabilities at FVTPL Since initial recognition, financial liabilities at FVTPL is measured at fair value, and changes in the fair value are recognized as profit or loss. iii) Other financial liabilities Non-derivative The Group derecognizes a financial liability from the consolidated statement of financial position when it is extinguished (i.e. when the obligation specified in the contract is discharged, cancelled or expires).
Foreign currencies	(q) Foreign currencies i) Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of the Group at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the end of the reporting period are retranslated to the functional currency using the exchange rate at the end of the reporting period. Non-monetary non-monetary All foreign currency differences arising from the conversion of monetary items are recognised in profit or loss. However, the Group excludes currency differences at the time of settlement of monetary items, conversion differences in net investments in foreign operations and conversion differences for financial liabilities designated cash flow hedges. If gains or losses arising from non-monetary ii) Foreign operations If the presentation currency of the Group is different from a foreign operation’s functional currency, the financial statements of the foreign operation are translated into the presentation currency using the following methods: The assets and liabilities of foreign operations, whose functional currency is not the currency of a hyperinflationary economy, are translated to presentation currency at exchange rates at the reporting date. The income and expenses of foreign operations are translated to functional currency at exchange rates at the dates of the transactions. Foreign currency differences are recognized in other comprehensive income. Any goodwill arising on the acquisition of a foreign operation and any fair value adjustments to the carrying amounts of assets and liabilities arising on the acquisition of that foreign operation are treated as assets and liabilities of the foreign operation and are translated using the exchange rate at the reporting date. When a foreign operation is disposed of, the relevant amount in the translation is transferred to profit or loss as part of the profit or loss on disposal. On the partial disposal of a subsidiary that includes a foreign operation, the relevant proportion of such cumulative amount is reattributed to non-controlling iii) Net investment in a foreign operation If the settlement of a monetary item receivable from or payable to a foreign operation is neither planned nor likely in the foreseeable future, then foreign currency differences arising on the item form part of the net investment in the foreign operation and are recognized in other comprehensive income and reclassified from equity to profit or loss on disposal of the net investment.
Equity capital	(r) Equity capital i) Capital stock Capital stock is classified as equity. Incremental costs directly attributable to the transaction of stock are deducted from equity, net of any tax effects. Preferred stocks are classified as equity if they do not need to be repaid or are repaid only at the option of the Group and if payment is determined by the Group’s discretion, and dividends are recognized when the shareholders’ meeting approves the dividends. Preferred stocks that are eligible for reimbursement of a defined or determinable amount on or after a certain date are classified as liabilities. The related dividend is recognized in profit or loss at the time of occurrence as interest expense. ii) Hybrid bonds The Group classifies an issued financial instrument, or its component parts, as a financial liability or an equity instrument depending on the substance of the contractual arrangement of such financial instrument. Hybrid bonds where the Group has an unconditional right to avoid delivering cash or another financial asset to settle a contractual obligation are classified as an equity instrument and presented in equity. Hybrid bonds issued by subsidiaries of the group are classified as non-controlling non-controlling iii) Capital adjustment The effect of changes in ownership interests in subsidiaries that do not lose control over the equity attributable to owners of the parent is included in capital adjustments.
Employee benefits	(s) Employee benefits i) Short-term employee benefits Short-term employee benefits are employee benefits that are due to be settled within 12 months after the end of the period in which the employees render the related service. When an employee has rendered service to the Group during an accounting period, the Group recognizes the undiscounted amount of short-term employee benefits expected to be paid in exchange for that service. ii) Other long-term employee benefits The Group’s net obligation in respect of other long-term employee benefits that are not expected to be settled wholly before 12 months after the end of the annual reporting period in which the employees render the related service, is the amount of future benefit that employees have earned in return for their service in the current and prior periods. That benefit is discounted to determine its present value. Remeasurements are recognized in profit or loss in the period in which they arise. iii) Retirement benefits: defined contribution plans The Group recognizes the contribution expense as an account of severance payments in profit or loss in the period according to the defined contribution plans. Contributions payable are recognized as liabilities (unpaid expenses) after deducting the contributions already paid. In addition, if the contribution already paid exceeds the contribution due for services provided before the end of the reporting period, the future contribution is reduced or cash refunded due to the excess is recognized as an asset (prepaid expense). iv) Retirement benefits: defined benefit plans A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group’s net obligation in respect of defined benefit plans is calculated by estimating the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value. The fair value of plan assets is deducted. Defined benefit liabilities are calculated annually by independent actuaries using the predicted unit credit method. If the net present value of the defined benefit obligation less the fair value of the plan assets is an asset then the present value of the economic benefits available to the entity in the form of a refund from the plan or a reduction in future contributions to the plan. The remeasurement component of net defined benefit liability is the change in the effect of the asset except for the amount included in the net interest income of plan assets and net revenues of plan assets excluding actuarial gains and losses to the net of defined benefit liabilities. It is immediately recognized in other comprehensive income. The Group determines the net interest on the net defined benefit obligation (asset) by multiplying the net defined benefit obligation (asset) by the discount rate determined at the beginning of the annual reporting period and is the net present value of the net defined benefit obligation. It is determined by taking into consideration the fluctuations. Net interest expense and other expenses related to defined benefit plans are recognized in profit or loss. When an amendment or reduction of the system occurs, the gain or loss resulting from the change or decrease in the benefits to the past service is immediately recognized in profit or loss. The Group recognizes gains or losses on settlement when the defined benefit plan is settled. v) Termination benefits Termination benefits are recognized as an expense when the Group is committed demonstrably, without realistic possibility of withdrawal, to a formal detailed plan to either terminate employment before the normal retirement date, or to provide termination benefits as a result of an offer made to encourage voluntary redundancy. Termination benefits for voluntary redundancies are recognized as an expense if the Group has made an offer of voluntary redundancy, it is probable that the offer will be accepted, and the number of acceptances can be estimated reliably. If benefits are payable more than 12 months after the reporting period, then they are discounted to their present value.
Share-based payment transactions	(t) Share-based payment transactions The grant date fair value of share-based payment awards granted to employees is recognized as an employee expense, with a corresponding increase in equity, over the period that the employees unconditionally become entitled to the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market non-market non-vesting true-up The fair value of the amount payable to employees in respect of share appreciation rights, which are settled in cash, is recognized as an expense with a corresponding increase in liabilities, over the period that the employees unconditionally become entitled to payment. The liability is remeasured at each reporting date and at settlement date. Any changes in the fair value of the liability are recognized as personnel expense in profit or loss.
Provisions	(u) Provisions Provisions are recognized when the Group has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. The risks and uncertainties that inevitably surround many events and circumstances are taken into account in reaching the best estimate of a provision. Where the effect of the time value of money is material, provisions are determined at the present value of the expected future cash flows. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources embodying economic benefits will be required to settle the obligation, the provision is reversed. Provisions shall be used only for expenditures for which the provisions are originally recognized.
Financial guarantee contract	(v) Financial guarantee contract A financial guarantee contract is a contract that requires the Group to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payment when due in accordance with the original or modified terms of a debt instrument. Financial guarantee contracts are recognized initially at their fair value, and the initial fair value is amortized over the life of the financial guarantee contract. After initial recognition, financial guarantee contracts are measured at the higher of: • Loss allowance in accordance with IFRS 9, ‘Financial Instruments’ • The amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with the principles of IFRS 15, ‘Revenue from Contracts with Customers’
Insurance contracts	(w) Insurance contracts i) Investment contract liabilities, including insurance contract liabilities and discretionary dividend factors The group establishes liability reserves in accordance with the Insurance Business Law and the related regulations. The reserves are calculated according to the insurance policy, insurance premiums and liability reserve calculation method. The main contents are as follows. i-1) The present value of the premiums payable to the policy holders after the balance sheet date is the present value of the net premium to be paid after the end of the reporting period. The amount is deducted from the value. i-2) As of the end of the reporting period, premiums that have paid due are calculated based on premiums and the liability reserve calculation method. i-3) The total amount of reserve for variable minimum guarantee (①) and reserve for general account guarantee (②) is provided as guarantee reserve. ① Variable minimum guarantee reserve This reserve is the amount that must be accumulated to guarantee insurance premiums above a certain level for contracts maintained as of the end of the reporting period, and is measured at the higher of: i) the average amount of the top 30% of net loss expected in the future ii) the minimum required amount by insurance types, minimum guarantees and limits of stock investment portion ② General account guarantee reserve As of the end of the reporting period, the amount of reserve for insurance contracts that are insured under general account is required to be paid to guarantee the level of refunds, and select the largest of the following: i) Average of the amount deducted from the appropriateness of the liability reserve calculated by excluding the guarantee option from the appropriateness evaluation of the liability reserve calculated by including the guarantee option for each interest rate scenario ii) The amount of compensation (including annulment contract) against the guarantee received from the policy holder by the rate applied at the premium calculation in the insurance premium and liability reserve calculation method i-4) As of the end of the reporting period, the Group has accrued the amount for which the reason for the payment of insurance claims, etc. has been incurred and the amount of the claim payment has not been paid yet due to the dispute or lawsuit related to the insurance settlement (pending in the Financial Dispute Mediation Committee). In addition, the Group recognizes unrecognized losses based on historical experience. i-5) The reserve is provided for the purpose of contributing to the policyholder dividend according to the laws and regulations and the reserve for dividend reserve for the policyholder and the dividend reserve for the subsequent business year. The policyholder dividend reserve is the amount that is not paid as of the end of the reporting period for the settlement amount and the reserve for dividend policy for the next fiscal year is based on the policyholder dividend calculated on the insurance contract effective as of the end of the reporting period. ① Excess crediting rate reserve In the case of a dividend insurance contract which has been maintained for more than one year as of the end of the reporting period among contracts signed before October 1, 1997, the difference between the planned interest rate and the one-year ② Mortality dividend reserve Dividends arising from contracts that are maintained for more than one year at the end of the reporting period are used to offset the expected mortality and actual mortality rates applied to premiums. ③ Interest dividend reserve For the contracts that have been maintained for more than one year as of the end of the reporting period, the amount calculated by applying the interest dividend reserve rate to the net written premium reserve less the unearned acquisition costs. However, the insurance sold before October 1, 1997 is applied to the amount deducted from the net premium in the event that the planned interest rate by the insurance product is less than the dividend standard. ④ Reserves for long-term special dividends For the effective dividend policy agreement that has been maintained for 6 years or more, the amount calculated by applying the long-term special dividend rate to the amount deducted from the net premiums for the end of the year. However, insurance sold before October 1, 1997 is applied to the deduction of unearned premiums at the end of the year when the expected interest rate by the insurance product is less than the dividend standard rate. i-6) In order to cover the policyholder dividend in the future, the total amount is set aside according to business performance according to the law or insurance contracts. i-7) In accordance with the regulations set by the supervisory authority, dividend insurance profit is accumulated within 30/100 of the contractor’s stake. The reserve for the compensation of dividend insurance losses shall compensate for the loss of dividend insurance contracts in accordance with the provisions of the fiscal year within five years from the end of the accumulated reporting period and shall be used as the policyholder dividend source for the individual contractor. ii) Contractor’s equity adjustment The Group classifies the gains and losses on available-for-sale non-dividend iii) Evaluation of debt appropriateness At the end of each reporting period, the group assesses whether the recognized insurance liability is appropriate using the current estimates of future cash flows of the policy, and if the carrying amount of the insurance liability is deemed to be inappropriate in terms of the estimated future cash flows. The reserve for premiums is added to the profit or loss by the amount corresponding to the deficiency. iv) Reinsurance assets The group presents the recoverable amount of reinsurance assets. The group assesses at the end of each reporting period whether there is objective evidence that a reinsurance asset is impaired. If there is objective evidence that the entity will not be able to collect all amounts under the terms of the agreement as a result of an event that occurred after the initial recognition and if the event has a reliable and measurable impact on the amount to be received. If reinsurance assets are determined to be impaired, impairment loss is recognized in the profit and loss for the current period. v) Deferred acquisition cost The group recognizes unrealized gains and losses arising from long-term insurance contracts as assets and amortizes the premiums over the life of the insurance contracts equally. If the contribution period exceeds 7 years, the amortization period is 7 years if there is an unrecognized balance at the date of the cancellation, the entire amount of the cancellation is amortized in the fiscal year to which the cancellation date belongs. But, if the ratio of additional premiums is higher at the early stage of the insurance period for the purpose of recovering the excess of the unearned premiums and the early settlement costs, the new settlement expenses are treated as the period expense.
Recognition of revenues and expenses	(x) Recognition of revenues and expenses Other than revenues under the scope of IAS 17, ‘Leases’ ‘Investments in Associates and Joint Ventures’ ‘Financial Instruments’ ‘Consolidated Financial Statements’ ‘Joint Arrangements’ g g g g i) Interest income and expense Interest income and expense are recognized in profit or loss using the effective interest method. The effective interest rate is the rate that exactly discounts the estimated future cash payments and receipts through the expected life of the financial asset or liability or, where appropriate, a shorter period to the net carrying amount of the financial asset or liability. When calculating the effective interest rate, the Group estimates cash flows considering all contractual terms of the financial instrument, but does not consider future credit losses. The calculation includes all fees and points paid or received between parties to the contract that are an integral part of the effective interest rate, and all other premiums or discounts. When it is not possible to estimate reliably the cash flows or the expected life of a financial instrument, the Group uses the contractual cash flows over the full contractual term of the financial instrument. Once a financial asset or a group of similar financial assets has been written down as a result of an impairment loss, interest income is thereafter recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. ii) Fees and commission The recognition of revenue for financial service fees depends on the purposes for which the fees are assessed and the basis of accounting for any associated financial instrument. ① Fees that are an integral part of the effective interest rate of a financial instrument Such fees are generally treated as an adjustment to the effective interest rate. Such fees may include compensation for activities such as evaluating the borrower’s financial condition, evaluating and recording guarantees, collateral and other security arrangements, preparing and processing documents, closing the transaction and the origination fees received on issuing financial liabilities. However, when the financial instrument is measured at fair value with the change in fair value recognized in profit or loss, the fees are recognized as revenue when the instrument is initially recognized. ② Fees earned as services are provided Fees and commission income, including investment management fees, sales commission, and account servicing fees, are recognized as the related services are provided. ③ Fees that are earned on the execution of a significant act The fees that are earned on the execution of a significant act including commission on the allotment of shares or other securities to a client, placement fee for arranging a loan between a borrower and an investor and sales commission, are recognized as revenue when the significant act has been completed. iii) Insurance income The Group recognizes insurance income for the insurance premium paid of which the payment date arrived by the premium payment methods of the insurance contract; and recognizes advance received for the insurance premium paid of which the payment date has not arrived at the end of the reporting period. iv) Dividends Dividends income is recognized when the shareholder’s right to receive payment is established. Usually this is the ex-dividend
Revenue from Contracts with Customers	(y) Revenue from Contracts with Customers The fair value of the consideration received or receivable in exchange for the initial transaction is allocated to the reward points (“points”) and the remainder of the fee income. The Group provides rewards in various forms such as payment discounts and free gifts. The consideration to be allocated to the points is estimated based on the fair value of the monetary benefits to be provided in consideration of the expected recovery rate of points awarded in accordance with the customer loyalty program and the expected time of recovery. Points for distribution through the cost paid by the customer is recognized by deducting from the revenue from fees.
Income tax	(z) Income tax Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive income. Current tax is the expected tax payable or receivable on the taxable profit or loss for the year, using tax rates enacted or substantively enacted at the end of the reporting period and any adjustment to tax payable in respect of previous years. The taxable profit is different from the accounting profit for the period since the taxable profit is calculated excluding the temporary differences, which will be taxable or deductible in determining taxable profit (tax loss) of future periods, and non-taxable non-deductible Deferred tax is recognized, using the asset-liability method, in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. A deferred tax liability is recognized for all taxable temporary differences. A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which they can be utilized. However, deferred tax is not recognized for the following temporary differences: taxable temporary differences arising on the initial recognition of goodwill, or the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting profit or loss nor taxable income. The Group applies a consolidated tax method based on a consolidated tax base and a domestic corporation (hereinafter referred to as the “Consolidated Entity Corporation “) that is fully controlled by the consolidated parent company and the consolidated tax base. The Group evaluates the feasibility of temporary differences, taking into account the future taxable income of individual companies and consolidated groups, respectively. The change in deferred tax assets (liabilities) was recognized as expense (income), except for the amount associated with items directly added to the equity account. For additional temporary differences in subsidiaries, associates, and joint venture investment interests, the Group may control the timing of the disappearance of temporary differences. All deferred tax liabilities are recognised except in cases where temporary differences are unlikely to dissipate in the foreseeable future. Deferred tax assets arising from deductible temporary differences are likely to be extinguished in the foreseeable future. In addition, It is recognised when taxable income is likely to be used for temporary differences. The carrying amount of deferred tax assets is reviewed at the end of each reporting period. The carrying amount of deferred tax assets is reduced when it is no longer likely that sufficient taxable income will be generated to use benefits from deferred tax assets. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and deferred tax assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are corporate taxes imposed by the same taxation authority. Deferred tax assets and liabilities are offset only if there is a legally enforceable right to offset the related current tax liabilities and assets. Because of the tax polices taken by the Group, tax uncertainties arise from the complexity of transactions and differences in tax law analysis. Also, it arises from a tax refund suit, tax investigation, or a refund suit against the tax authorities’ tax amount. The Group paid the tax amount by the tax authorities in accordance with IFRIC 23. However, it will be recognized as the corporate tax assets if there is a high possibility of a refund in the future. In addition, the amount expected to be paid as a result of the tax investigation is recognized as the tax liability.
Accounting for trust accounts	(aa) Accounting for trust accounts The Group accounts for trust accounts separately from its bank accounts under the Financial Investment Services and Capital Markets Act and thus the trust accounts are not included in the accompanying consolidated financial statements. In this regard, the funds lent to the trust account are counted as trust account loans and loans borrowed from the trust account as other accounting accounts (non-payment trust account). In accordance with the Financial Investment Business Regulations, trust remuneration is acquired in connection with the operation, management, and disposal of trust property, and it is counted as the operating profit of trust business.
Earnings per share	(ab) Earnings per share The Group presents basic and diluted earnings per share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to the ordinary shareholder of the Group by the weighted average number of common shares outstanding during the period, adjusted for own shares held. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding, adjusted for own shares held, for the effects of all dilutive potential ordinary shares, which comprise share options granted to employees.
Issued/Amended Accounting Standards that are not applied	(ac) Issued/Amended Accounting Standards that are not applied The following issued/amended standards have been published but have not yet been effective during the fiscal year beginning January 1, 2020. Hence, the Group did not apply the following issued/amended standards in preparing financial statements: i) IFRS 9, ‘Financial Instruments’ and IAS 39, ‘Financial Instruments: Recognition and Measurement’ and IFRS 7, ‘Financial Instruments: Disclosures’ Revision’ and IFRS 4, ‘Insurance Contracts’ IFRS 16, ‘Leases’ amended – Interest rate indicator reform The effective interest rate, not the carrying amount, is adjusted when replacing the interest rate index of a financial instrument measured at amortized cost in relation to the reform of the interest rate index. It includes exceptions, such as allowing hedge accounting to continue uninterrupted even if an interest rate indicator replacement occurs in a hedging relationship. This amendments will take effect for annual periods beginning after January 1, 2021 and are permitted for early application. The Group is determining whether there will be any impacts on the financial statements due to the amendments. ii) IFRS 3 ‘Business combination’ amended – Reference to the Conceptual Framework For liabilities and contingent liabilities, an exception has been added to apply within IAS 37 , ‘Provisions, Contingent Liabilities and Contingent Assets’ , iii) IFRS 17 ’Insurance Contracts’ amended IFRS 17 provides a comprehensive model for insurance contracts covering the recognition and measurement and presentation and disclosure of insurance contracts and replaces IFRS 4. The standard applies to all types of insurance contracts (i.e. life, non-life, re-insurance), features. The standard general model is supplemented by the variable fee approach and the premium allocation approach. IFRS 17 is effective from 1 January 2023. The Group is currently in process of evaluating the potential impact of adopting IFRS 17. (iv) IAS 16 ‘Property, Plant and Equipment ‘ amended – the amount of the sale before the intended use The amendments prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced before that asset is available for use, i.e. proceeds while bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Consequently, the Group recognise such sales proceeds and related costs in profit or loss. This amendments will take effect for annual periods beginning after January 1, 2022 and are permitted for early application. The Group expects that the amendments will not have a significant impact on the consolidated financial statements. (v) IAS 37, ‘Provisions, Contingent Liabilities and Contingent Assets’ amended – Onerous Contracts: Cost of Fulfilling a Contract The amendments specify that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to the contract’. Costs that relate directly to a contract consist of both the incremental costs of fulfilling that contract and an allocation of other costs that relate directly to fulfilling contracts. This amendments will take effect for annual periods beginning after January 1, 2022 and are permitted for early application. The Group expects that the amendments will not have a significant impact on the consolidated financial statements. (vi) Annual Improvements to IFRSs 2018-2020 Cycle For Annual Improvements to IFRSs 2018-2020 Cycle, the amendments will take effect for annual periods beginning after January 1, 2022 and are permitted for early application. The amendments will not have a significant impact on the consolidated financial statements. • IFRS 1, ‘First-time Adoption of IFRS’ – First-time adopter subsidiaries • IFRS 9, ‘Financial Instruments’ – 10% test-related fee for financial liabilities removal • IFRS 16, ‘Leases’ – Lease incentives • IAS 41, ‘Agriculture’ – Fair value measurement vii) IAS 1 ‘Presentation of Financial Statements’ amended – Classification of Liabilities as Current or Non-current It is classified as current or non-current

Significant estimate and judg_2

Significant estimate and judgment (Policies)	12 Months Ended
	Dec. 31, 2020
Disclosure of significant estimates and judgments [Abstract]
Estimation of impairment of goodwill	(a) Estimation of impairment of goodwill The Group reviews the goodwill annually in accordance with the accounting policy in Note 3. The recoverable amount of the cash-generating unit (group) is determined based on the value-in-use
Income taxes	(b) Income taxes The Group is subject to tax laws from various countries. In the normal course of business, there are various types of transactions and different accounting methods that may add uncertainties to the decision of the final income taxes. The Group has recognized current and deferred taxes that reflect tax consequences based on the best estimates in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. However, actual income taxes in the future may not be identical to the recognized deferred tax assets and liabilities, and this difference can affect current and deferred tax at the period when the final tax effect is determined.
Fair value of financial instruments	(c) Fair value of financial instruments The fair values of financial instruments (e.g. over-the-counter
Allowance for credit loss, guarantees and unused loan commitments	(d) Allowance for credit loss, guarantees and unused loan commitments The Group determines and recognizes allowances for losses on debt securities, loans and other receivables measured at amortized cost or FVOCI, and recognizes provisions for guarantees and unused loan commitments through impairment testing. The accuracy of allowances and provisions for credit losses are determined by the estimation of expected cash flows for individually assessed allowances, and methodology and assumptions used for collectively assessed allowances and provisions for groups of loans, guarantees and unused loan commitments.
Defined benefit obligation	(e) Defined benefit obligation The present value of a defined benefit obligation that is measured by actuarial valuation methods uses various assumptions which can change according to various elements. The assumptions used to determine the net cost (profit) of an annuity include a discount rate, and these changes will affect the carrying amount of the defined benefit obligation. The Group is deciding the appropriate discount rate for each half year. The discount rate represents the interest rate that should be used to determine the present value of the estimated future cash outflow expected to occur in settlement of the defined benefit obligation. The Group determines the appropriate discount rate by considering the interest rate of blue-chip corporate bonds that are denominated in the currency in which the pension is paid and have a maturity similar to the period of the associated defined benefit obligation. Other significant assumptions related to defined benefit obligations are based on current market situations.
Hedging relationship	(f) Hedging relationship The Group expects a high risk hedging effect throughout the hedging period in designating the hedging relationship and it is probable that the hedged transaction will be highly probable in the cash flow hedge.

Reporting entity (Tables)

Reporting entity (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of reporting entity [Abstract]
Ownership of Shinhan Financial Group and its material consolidated subsidiaries	(b) Ownership of Shinhan Financial Group and its major consolidated subsidiaries as of December 31, 2019 and 2020 are as follows: Date of financial Ownership (%) Investor Investee (*1) Location 2019 2020 Shinhan Financial Group Co., Ltd. Shinhan Bank Korea December 31 100.0 100.0 ” Shinhan Card Co., Ltd. ” ” 100.0 100.0 ” Shinhan Investment Corp. ” ” 100.0 100.0 ” Shinhan Life Insurance Co., Ltd. ” ” 100.0 100.0 ” Orange Life Insurance Co., Ltd. (*2) ” ” 59.2 100.0 ” Shinhan Capital Co., Ltd. ” ” 100.0 100.0 ” Jeju Bank ” ” 75.3 75.3 ” Shinhan Credit Information Co., Ltd. ” ” 100.0 100.0 ” Shinhan Alternative Investment Management Inc. ” ” 100.0 100.0 ” Shinhan BNP Paribas Asset Management Co., Ltd. ” ” 65.0 65.0 ” SHC Management Co., Ltd. ” ” 100.0 100.0 ” Shinhan DS ” ” 100.0 100.0 ” Shinhan Savings Bank ” ” 100.0 100.0 ” Asia Trust Co., Ltd. 60.0 60.0 ” Shinhan AITAS Co., Ltd. ” ” 99.8 99.8 ” Shinhan REITs Management Co., Ltd. ” ” 100.0 100.0 ” Shinhan AI Co., Ltd. ” ” 100.0 100.0 ” Neoplux Co., Ltd. (*3) ” ” — 100.0 Shinhan Bank Shinhan Asia Limited (*4) Hong Kong ” 99.9 — ” Shinhan Bank America USA ” 100.0 100.0 ” Shinhan Bank Europe GmbH Germany ” 100.0 100.0 ” Shinhan Bank Cambodia Cambodia ” 97.5 97.5 Date of financial Ownership (%) Investor Investee (*1) Location 2019 2020 ” Shinhan Bank Kazakhstan Limited Kazakhstan December 31 100.0 100.0 ” Shinhan Bank Canada Canada ” 100.0 100.0 ” Shinhan Bank (China) Limited China ” 100.0 100.0 ” Shinhan Bank Japan Japan ” 100.0 100.0 ” Shinhan Bank Vietnam Ltd Vietnam ” 100.0 100.0 ” Banco Shinhan de Mexico Mexico ” 99.9 99.9 ” PT Bank Shinhan Indonesia Indonesia ” 99.0 99.0 Shinhan Bank Japan SBJDNX (*5) Japan ” — 100.0 Shinhan Card Co., Ltd. LLP MFO Shinhan Finance Kazakhstan ” 100.0 100.0 ” PT. Shinhan Indo Finance Indonesia ” 50.0 50.0 ” Shinhan Microfinance Co., Ltd. Myanmar ” 100.0 100.0 ” Shinhan Vietnam Finance Co.,Ltd Vietnam ” 100.0 100.0 Shinhan Investment Corp. Shinhan Investment Corp. USA Inc. USA ” 100.0 100.0 ” Shinhan Investment Corp. Asia Ltd. Hong Kong ” 100.0 100.0 ” SHINHAN SECURITIES VIETNAM CO., LTD. Vietnam ” 100.0 100.0 ” PT. Shinhan Sekuritas Indonesia Indonesia ” 99.0 99.0 PT Shinhan Sekuritas Indonesia PT. Shinhan Asset Management Indonesia ” ” 75.0 75.0 Shinhan Life Insurance Co., Ltd. Shinhan Financial Plus (*5) Korea ” — 100.0 Shinhan BNP Paribas Asset Management Co., Ltd. Shinhan BNP ASSET MGT HK Ltd. Hong Kong ” 100.0 100.0 Shinhan DS SHINHAN DS VIETNAM CO., LTD. Vietnam ” 100.0 100.0 (*1) Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded. (*2) The Group acquired additional shares of Orange Life Insurance Co., Ltd. for the year ended December 31, 2020, and Orange Life Insurance Co., Ltd. became a wholly owned subsidiary of the Group. (*3) The Group acquired a 96.77% stake in Neoplux.Co., Ltd. for the year ended December 31, 2020. The entity became a wholly owned subsidiary as the Group acquired residual shares additionally. (*4) As of December 31, 2020, liquidation procedure has been completed. (*5) Newly invested subsidiaries subject to consolidation are included for the year ended December 31, 2020.

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of significant accounting policies [Abstract]
Property and equipment, estimated useful lives	Descriptions Useful lives Buildings 40~50 years Other properties 4~5 years Depreciation methods, useful lives and residual values are reassessed at each fiscal year-end
Intangible assets, estimated useful lives	Descriptions Useful lives Software 5 years Capitalized development cost 5 years Other intangible assets 5 years or contract periods
Investment property, estimated useful lives	The depreciation method and the estimated useful lives for the current and comparative periods are as follows: Descriptions Depreciation method Useful lives Buildings Straight-line 40 years

Financial risk management (Tabl

Financial risk management (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of financial risk management [Abstract]
Reflection of forward-looking information	① Upside scenario 2021 Major variables (*1) Correlation 2020.4Q (*2) 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) 0.0 3.9 3.0 4.3 Private consumption index(YoY %) (- ) (4.8 ) 3.0 2.3 3.5 4.1 Facility investment growth rate(YoY %) (- ) 3.5 5.5 6.5 1.5 5.0 Consumer price index growth rate(%) (- ) 0.3 0.6 0.9 0.8 0.9 Balance on current account(billion dollars) (- ) 170.0 130.0 160.0 190.0 180.0 Government bond 3y yields(%) — 0.90 1.00 1.00 1.10 1.10 ② Central scenario 2021 Major variables (*1) Correlation 2020.4Q (*2) 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) (0.7 ) 3.6 2.5 3.7 Private consumption index(YoY %) (- ) (4.8 ) 2.6 2.1 3.0 3.5 Facility investment growth rate(YoY %) (- ) 3.5 5.0 6.0 0.8 4.5 Consumer price index growth rate(%) (- ) 0.3 0.5 0.9 0.7 0.8 Balance on current account(billion dollars) (- ) 170.0 120.0 150.0 180.0 170.0 Government bond 3y yields(%) — 0.90 1.00 1.00 1.00 1.00 ③ Downside scenario 2021 Major variables (*1) Correlation 2020.4Q (*2) 1Q 2Q 3Q 4Q GDP growth rate(YoY %) (- ) (2.8 ) (1.5 ) 2.3 1.7 3.0 Private consumption index(YoY %) (- ) (4.8 ) 1.9 1.1 2.6 3.4 Facility investment growth rate(YoY %) (- ) 3.5 3.5 4.5 (1.0 ) 3.0 Consumer price index growth rate(%) (- ) 0.3 0.4 0.8 0.6 0.7 Balance on current account(billion dollars) (- ) 170.0 110.0 140.0 170.0 160.0 Government bond 3y yields(%) — 0.90 1.10 1.10 1.10 1.10 (*1) Shinhan Bank applied the private consumption index and facility investment growth rate as the major variables. In addition, Shinhan Card applied the GDP growth rate, consumer price index growth rate, balance on current account, and government bond 3y yields as the major variables. (*2) Considering the default forecast period, the Group reflected the future economic outlook. (*3) The macroeconomic outlook figures are estimated by the Group for the purpose of calculating expected credit losses based on information from domestic and foreign research institutes. Therefore, it could be different from other institutions’ estimates. The predicted correlations between the macroeconomic variables and the risk of default, used by the Group, are derived based on data from the past ten years.
Sensitivity : Change amount for provisions	Sensitivity: Change amount for provisions (In millions of won) Upside(100%) Downside(100%) Shinhan Bank (3,332 ) 26,507 Forward-looking Shinhan Card (24,109 )
Maximum exposure to credit risk	The Group’s maximum exposure to credit risk without taking into account of any collateral held or other credit enhancements as of December 31, 2019 and 2020 is as follows: 2019 2020 Due from banks and loans at amortized cost (*1)(*3): Banks W 12,950,561 17,016,263 Retail 152,840,826 170,314,316 Government/Public sector/Central bank 19,461,567 24,778,332 Corporations 140,718,619 152,895,324 Card receivable 23,114,264 22,822,546 349,085,837 387,826,781 Due from banks and loans at fair value through profit or loss (*3): Banks 897,525 93,109 Corporations 2,154,821 1,986,804 3,052,346 2,079,913 Securities at fair value through profit or loss 48,512,857 55,275,031 Securities at fair value through other comprehensive income 58,573,094 57,409,433 Securities at amortized cost (*1) 45,582,065 47,282,623 Derivative assets 2,829,274 5,633,915 Other financial assets (*1)(*2) 17,477,778 20,341,191 Financial guarantee contracts 4,698,558 4,481,506 Loan commitments and other credit liabilities 177,660,547 187,067,821 W 707,472,356 767,398,214 (*1) The maximum exposure amounts for due from banks, loans, securities at amortized cost and other financial assets at amortized cost are recorded as net of allowances. (*2) Other financial assets mainly comprise of receivables, accrued income, secured key money deposits, prepayment, and domestic exchange settlement debit settled in a day. (*3) Classified as similar credit risk group based on calculation of the BIS ratio under new Basel Capital Accord (Basel III).
Maximum amount of exposure to credit risk by type of collateral	iii) The maximum amount of exposure to credit risk by type of collateral as of December, 31, 2019 and 2020 is as follows: 2019 12 months Life time expected credit loss Total Classification Not impaired Impaired Guarantee W 12,232,197 3,756,006 64,386 16,052,589 Deposits and Savings 1,058,353 266,407 2,437 1,327,197 Property and equipment 1,021,002 307,502 12,840 1,341,344 Real estate 128,098,318 14,932,637 370,361 143,401,316 Securities 3,340,337 137,105 — 3,477,442 Others 5,035,192 4,437 364 5,039,993 Total W 150,785,399 19,404,094 450,388 170,639,881 2020 12 months Life time expected credit loss Total Classification Not impaired Impaired Guarantee W 36,355,387 5,944,417 185,777 42,485,581 Deposits and Savings 1,258,934 313,723 1,509 1,574,166 Property and equipment 1,301,810 324,098 12,341 1,638,249 Real estate 109,092,694 13,914,172 311,946 123,318,812 Securities 2,181,874 108,718 88,025 2,378,617 Others 4,830,557 — 1,943 4,832,500 Total W 155,021,256 20,605,128 601,541 176,227,925
Impairment information by credit risk of financial assets	iv) Impairment information by credit risk of financial assets Details of impaired financial assets due to credit risk as of December 31, 2019 and 2020 are as follows: 2019 12-month Life time expected loss Total Allowances Net Mitigation of due to Grade 1 Grade 2 Grade 1 Grade 2 Impaired Due from banks and loans at amortized cost: Banks W 11,703,863 1,179,294 77,675 1,804 — 12,962,636 (12,075 ) 12,950,561 57,087 Retail 136,124,712 7,443,675 5,694,210 3,608,216 476,897 153,347,710 (506,884 ) 152,840,826 87,826,564 Government/Public sector/Central bank 19,274,854 111,987 80,648 — — 19,467,489 (5,922 ) 19,461,567 — Corporations 85,202,285 32,112,103 10,219,343 13,546,622 956,772 142,037,125 (1,318,506 ) 140,718,619 77,732,792 Card receivable 17,161,184 2,249,276 1,879,073 2,233,942 444,311 23,967,786 (853,522 ) 23,114,264 8,728 269,466,898 43,096,335 17,950,949 19,390,584 1,877,980 351,782,746 (2,696,909 ) 349,085,837 165,625,171 Securities at fair value through other comprehensive income (*) 49,276,299 9,057,701 — 239,094 — 58,573,094 — 58,573,094 — Securities at amortized cost 44,296,882 1,271,681 23,272 — — 45,591,835 (9,770 ) 45,582,065 — W 363,040,079 53,425,717 17,974,221 19,629,678 1,877,980 455,947,675 (2,706,679 ) 453,240,996 165,625,171 2020 12-month Life time expected loss Total Allowances Net Mitigation of due to Grade 1 Grade 2 Grade 1 Grade 2 Impaired Due from banks and loans at amortized cost: Banks W 14,935,722 1,996,948 87,084 10,027 — 17,029,781 (13,518 ) 17,016,263 29,994 Retail 152,159,976 8,385,069 6,062,587 3,686,863 574,354 170,868,849 (554,533 ) 170,314,316 91,711,254 Government/Public sector/Central bank 23,849,701 834,912 96,183 1,748 — 24,782,544 (4,212 ) 24,778,332 9,000 Corporations 93,740,349 34,637,533 11,391,410 13,758,332 982,037 154,509,661 (1,614,337 ) 152,895,324 83,580,715 Card receivable 16,995,332 2,304,536 1,754,723 2,197,877 454,451 23,706,919 (884,373 ) 22,822,546 6,845 301,681,080 48,158,998 19,391,987 19,654,847 2,010,842 390,897,754 (3,070,973 ) 387,826,781 175,337,808 Securities at fair value through other comprehensive income (*) 48,506,057 8,636,241 — 267,135 — 57,409,433 — 57,409,433 — Securities at amortized cost 45,888,769 1,404,340 — — — 47,293,109 (10,486 ) 47,282,623 — W 396,075,906 58,199,579 19,391,987 19,921,982 2,010,842 495,600,296 (3,081,459 ) 492,518,837 175,337,808 (*) Credit loss allowance recognized as other comprehensive income of securities at fair value through other comprehensive income amounted to W W
Credit risk exposures per credit grade of off-balance items	v) Credit risk exposures per credit grade of off-balance Credit risk exposures per credit grade of off-balance 2019 Grade 1 Grade 2 Impaired Total Financial guarantee: 12 months expected credit loss W 2,805,417 1,495,091 — 4,300,508 Life time expected credit loss 248,544 148,696 — 397,240 Impaired — — 810 810 3,053,961 1,643,787 810 4,698,558 Loan commitment and other credit line 12 months expected credit loss 146,010,944 21,044,977 — 167,055,921 Life time expected credit loss 7,850,945 2,730,143 — 10,581,088 Impaired — — 23,538 23,538 153,861,889 23,775,120 23,538 177,660,547 W 156,915,850 25,418,907 24,348 182,359,105 2020 Grade 1 Grade 2 Impaired Total Financial guarantee: 12-month W 2,884,641 1,110,945 — 3,995,586 Life time expected credit loss 308,785 176,977 — 485,762 Impaired — — 158 158 3,193,426 1,287,922 158 4,481,506 Loan commitment and other credit line 12-month 156,787,448 20,715,236 — 177,502,684 Life time expected credit loss 6,738,016 2,822,003 — 9,560,019 Impaired — — 5,118 5,118 163,525,464 23,537,239 5,118 187,067,821 W 24,825,161 5,276 191,549,327
Credit quality of derivative assets	vi) Credit qualities are classified based on the internal credit rating as follows: Type of Borrower Grade 1 Grade 2 Individuals Probability of default below 2.25% for each pool Probability of default 2.25% or above for each pool Government/Public agency/Central bank OECD sovereign credit rating of 6 or above OECD sovereign credit rating of below 6 Banks and Corporations (Credit card bonds) Internal credit rating of BBB+ or above Internal credit rating of below BBB+ Card receivables (Individuals) Behavior scoring system of 7 grade or above Behavior scoring system of below 7 grade
Concentration by geographic location	Credit quality of derivative assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Grade 1 W 2,377,548 4,994,809 Grade 2 451,726 639,106 W 2,829,274 5,633,915 (*) Credit quality of derivative assets is classified based on the internal credit ratings. viii) Concentration by geographic location An analysis of concentration by geographic location for financial instrument, net of allowance, as of December 31, 2019 and 2020 are as follows: 2019 Korea USA UK Japan Germany Vietnam China Other Total Due from banks and loans at amortized cost Banks W 5,124,738 1,263,568 423,788 289,233 203,166 1,068,822 2,816,320 1,760,926 12,950,561 Retail 144,700,885 371,602 5,444 3,888,964 1,548 1,612,761 1,211,857 1,047,765 152,840,826 Government 16,805,176 529,096 — 1,080,381 — 140,960 445,526 460,428 19,461,567 Corporations 122,926,428 3,116,777 187,856 3,403,806 99,083 2,140,573 2,758,888 6,085,208 140,718,619 Card receivable 22,916,799 9,068 321 2,233 214 141,844 25,513 18,272 23,114,264 312,474,026 5,290,111 617,409 8,664,617 304,011 5,104,960 7,258,104 9,372,599 349,085,837 Deposits and loans at FVTPL Bank 177,713 719,812 — — — — — — 897,525 Corporations 2,146,949 — — — — — — 7,872 2,154,821 2,324,662 719,812 — — — — — 7,872 3,052,346 Securities measured at FVTPL 45,635,765 1,662,249 194,591 49,067 6,346 21,625 220,837 722,377 48,512,857 Securities at FVOCI 53,939,143 1,955,627 97,710 195,165 93,769 294,095 798,068 1,199,517 58,573,094 Securities at amortized cost 42,927,646 769,884 — 163,112 — 604,019 40,741 1,076,663 45,582,065 W 457,301,242 10,397,683 909,710 9,071,961 404,126 6,024,699 8,317,750 12,379,028 504,806,199 2020 Korea USA UK Japan Germany Vietnam China Other Total Due from banks and loans at amortized cost Banks W 6,990,520 823,698 156,002 784,538 316,293 1,166,397 2,889,115 3,889,700 17,016,263 Retail 161,434,788 392,499 6,724 4,124,680 2,386 1,780,361 1,329,067 1,243,811 170,314,316 Government 20,998,640 952,215 — 1,418,805 121,663 209,395 441,863 635,751 24,778,332 Corporations 133,827,181 3,278,234 435,135 3,796,824 103,647 2,319,327 3,039,177 6,095,799 152,895,324 Card receivable 22,614,285 8,867 351 1,983 194 152,141 27,926 16,799 22,822,546 345,865,414 5,455,513 598,212 10,126,830 544,183 5,627,621 7,727,148 11,881,860 387,826,781 Deposits and loans at FVTPL Bank 61,476 31,633 — — — — — — 93,109 Corporations 1,057,690 466,812 — 19,807 — 744 — 441,751 1,986,804 1,119,166 498,445 — 19,807 — 744 — 441,751 2,079,913 Securities measured at FVTPL 51,574,884 2,129,355 198,567 46,086 4,486 24,539 168,863 1,128,251 55,275,031 Securities at FVOCI 53,386,556 1,464,611 112,001 221,917 36,412 172,904 886,080 1,128,952 57,409,433 Securities at amortized cost 44,537,890 723,287 — 243,592 — 710,106 45,121 1,022,627 47,282,623 W 496,483,910 10,271,211 908,780 10,658,232 585,081 6,535,914 8,827,212 15,603,441 549,873,781 (*) The following accounts are the net carrying value less provision for doubtful accounts.
Concentration by industry sector	ix) Concentration by industry sector An analysis of concentration by industry sector of financial instrument, net of allowance, as of and December 31, 2019 and 2020 is as follows: 2019 Finance and Manufacturing Retail and Real estate Construction Lodging and Other Retail Total Due from banks and loans at amortized cost: Banks W 12,461,379 — — — — — 489,182 — 12,950,561 Retail — — — — — — — 152,840,826 152,840,826 Government/Public sector/Central bank 19,342,308 — — 2,295 — — 116,964 — 19,461,567 Corporations 9,456,194 44,781,794 17,004,407 30,029,000 3,485,602 6,003,383 29,958,239 — 140,718,619 Card receivable 39,003 212,863 170,873 49,000 41,664 23,397 22,427,544 149,920 23,114,264 41,298,884 44,994,657 17,175,280 30,080,295 3,527,266 6,026,780 52,991,929 152,990,746 349,085,837 Due from banks and loans at FVTPL: Banks 897,525 — — — — — — — 897,525 Corporations 1,301,066 505,198 120,636 7,872 3,500 900 215,649 — 2,154,821 2,198,591 505,198 120,636 7,872 3,500 900 215,649 — 3,052,346 Securities at fair value through profit or loss 29,826,338 2,466,874 1,112,688 350,720 262,183 75,152 14,418,902 — 48,512,857 Securities at fair value through other comprehensive income 28,673,958 3,500,514 673,614 807,274 1,164,947 12,889 23,739,898 — 58,573,094 Securities at amortized cost 9,930,409 49,876 — 884,072 1,076,086 — 33,641,622 — 45,582,065 W 111,928,180 51,517,119 19,082,218 32,130,233 6,033,982 6,115,721 125,008,000 152,990,746 504,806,199 2020 Finance and Manufacturing Retail and Real estate Construction Lodging and Other Retail Total Due from banks and loans at amortized cost: Banks W 16,656,030 — — — — — 360,233 — 17,016,263 Retail — — — — — — — 170,314,316 170,314,316 Government/Public sector/Central bank 24,671,308 — — 1,796 — — 105,228 — 24,778,332 Corporations 10,403,261 48,430,680 18,679,397 35,920,334 3,521,216 6,479,253 29,461,183 — 152,895,324 Card receivable 44,980 169,900 252,537 36,372 38,456 23,150 1,685,293 20,571,858 22,822,546 51,775,579 48,600,580 18,931,934 35,958,502 3,559,672 6,502,403 31,611,937 190,886,174 387,826,781 Due from banks and loans at FVTPL Banks 63,112 — — 29,997 — — — — 93,109 Corporations 1,114,789 641,554 19,210 51,008 3,000 — 157,243 — 1,986,804 1,177,901 641,554 19,210 81,005 3,000 — 157,243 — 2,079,913 Securities at fair value through profit or loss 34,294,362 2,978,991 1,223,958 574,547 248,399 46,177 15,908,597 — 55,275,031 Securities at fair value through other comprehensive income 26,528,743 3,448,765 577,781 830,988 974,333 22,643 25,026,180 — 57,409,433 Securities at amortized cost 10,361,913 21,750 — 1,053,779 963,348 — 34,881,833 — 47,282,623 W 124,138,498 55,691,640 20,752,883 38,498,821 5,748,752 6,571,223 107,585,790 190,886,174 549,873,781 (*) The composition details by industry are net book value less allowances.
Market risk management from trading positions	i) Market risk management from trading positions i-1) Market risk is defined as the risk of loss of trading account position of financial institutions due to changes on market price, such as interest rates, exchange rates and stock prices, etc. and is divided into general market risks and individual risks. A general market risk refers to a loss from price variability caused by events affecting the market as a whole, such as interest rates, exchange rates and stock prices; and an individual risk refers to a loss from price variability related to individual events of securities issuer, such as bonds and stocks. i-2) The basic principle of market risk management in the trading sector is to maintain the maximum possible loss due to market risk within a certain level. To this end, the Group sets and operates VaR limits, investment limits, position limits, sensitivity limits, and loss limits from the portfolio to individual desks. These limits are managed daily by the department in charge of risk management, independent from the operating department. Trading positions refer to securities, foreign exchange positions, and derivative financial instruments held for the purpose of obtaining short-term trading gains. As a method of measuring market risk, VaR (Value at Risk) is typical, and it is a statistical measurement of the potential maximum loss that can occur due to changes in market conditions. VaR calculates the standard method market risk using the Group Market Risk Measurement System (TRMS), and Shinhan Bank and Shinhan Financial Investment use their own internal model market risk calculation system. Stress tests are conducted to supplement risk measurement by statistical methods and to manage losses that may arise from rapid changes in the economic environment. Shinhan Bank measures the market risk of linear products, such as stocks and bonds, as well as non-linear Shinhan Investment measures daily market risk by applying historical simulation VaR method of 99.9% confidence level-based VaR. Historical simulation VaR method does not require assumption on a particular distribution since the method derives scenarios directly from historical market data, and measures non-linear An analysis of the Group’s requisite capital in light of the market risk for trading positions as of and for the years ended December 31, 2019 and 2020 based on the standard guidelines for risk management promulgated by the Financial Supervisory Service, is as follows: 2019 Average Maximum Minimum December 31 Interest rate risk W 508,039 527,349 479,121 504,948 Stock price risk 191,019 210,589 162,595 210,589 Foreign exchange risk 143,317 151,779 138,543 139,562 Commodity risk 7,691 10,558 4,953 10,558 Option volatility risk 57,972 74,892 39,591 67,160 W 908,038 975,167 824,803 932,817 2020 Average Maximum Minimum December 31 Interest rate risk W 525,465 592,668 495,292 592,668 Stock price risk 222,277 240,535 202,036 222,544 Foreign exchange risk 120,088 124,915 113,497 113,497 Commodity risk 13,818 22,982 9,539 9,539 Option volatility risk 8,910 23,224 3,234 3,234 W 890,558 1,004,324 823,598 941,482 i-3) The analyses of the ten-day 2019 Average Maximum Minimum December 31 Interest rate risk W 21,208 32,430 12,709 28,313 Stock price risk 18,136 49,424 8,171 15,386 Foreign exchange risk (*) 24,727 29,085 22,259 25,910 Option volatility risk 161 325 60 212 Commodity risk 15 104 — 10 Portfolio diversification effect (21,879 ) W 47,925 81,553 31,482 47,952 2020 Average Maximum Minimum December 31 Interest rate risk W 41,165 56,950 28,322 42,867 Stock price risk 27,077 66,254 7,545 7,893 Foreign exchange risk (*) 65,309 83,335 27,668 69,024 Option volatility risk 305 1,073 114 138 Commodity risk 13 170 — 1 Portfolio diversification effect (25,310 ) W 106,030 154,487 49,486 94,613 (*) Both trading and non-trading i-4) The analyses of Shinhan Card’s requisite capital in light of the market risk for trading positions as of and for the years ended December 31 2019, and 2020, based on the standard guidelines for risk management promulgated by the Financial Supervisory Service, are as follows: 2019 Average Maximum Minimum December 31 Interest rate risk W 1,417 2,000 1,000 2,000 2020 Average Maximum Minimum December 31 Interest rate risk W 2,034 2,400 1,900 2,400 (*) Foreign subsidiaries are excluded from the calculation. i-5) The analyses of the ten-day 2019 Average Maximum Minimum December 31 Interest rate risk W 13,725 20,857 5,671 11,946 Stock price risk 31,330 74,421 15,449 25,691 Foreign exchange risk 4,107 37,970 368 4,369 Option volatility risk 9,889 31,711 2,504 9,876 Portfolio diversification effect (15,150 ) W 38,262 85,597 5,780 36,732 2020 Average Maximum Minimum December 31 Interest rate risk W 20,512 30,903 12,076 23,551 Stock price risk 26,136 51,509 2,412 36,573 Foreign exchange risk 12,477 46,970 632 15,557 Option volatility risk 43,324 162,008 2,894 57,924 Portfolio diversification effect (38,397 ) W 75,226 187,985 18,648 95,208 i-6) The analyses of the ten-day 2019 Average Maximum Minimum December 31 Interest rate risk W 1,853 8,856 313 600 Stock price risk 5,015 6,520 4,374 4,978 Foreign exchange risk 1,581 3,434 3 2,050 Option volatility risk 316 632 124 472 W 8,765 19,442 4,814 8,100 2020 Average Maximum Minimum December 31 Interest rate risk W 2,967 6,934 354 619 Stock price risk 10,953 16,592 4,481 13,742 Foreign exchange risk 10,485 21,588 4,665 13,669 Option volatility risk 433 1,096 40 1,089 W 24,838 46,210 9,540 29,119 i-7) The analyses of the ten-day 2019 Average Maximum Minimum December 31 Foreign exchange risk W 18,578 23,614 12,577 16,710 2020 Average Maximum Minimum December 31 Foreign exchange risk W 17,064 19,597 10,172 17,964 Option volatility risk 73 84 7 73 W 17,137 19,681 10,179 18,037
Interest rate risk management from non-trading positions	ii) Interest rate risk management from non-trading ii-1) Interest rate risk refers to the possibility of a decrease in net interest income or in net asset value that occurs when interest rates fluctuate unfavorably from the Group’s financial position. The Group manages net interest income or changes in net asset value that occur due to changes in interest rates by early predicting the factors of interest rate risk fluctuation related to the Group’s net interest income and net asset value through the interest rate risk management. ii-2) Shinhan Financial Group’s major financial subsidiaries manage interest rate risks independently by the risk management organization and the treasury department, and have internal regulations on interest rate risk management strategies, procedures, organization, measurement, and major assumptions. One of the key indicators of managing interest rate risk is the Earnings at Risk (EaR) from an earning perspective and the Value at Risk (VaR) from an economic value perspective. Interest rate VaR represents the maximum anticipated loss in a net present value calculation, whereas interest rate EaR represents the maximum anticipated loss in a net earnings calculation for the immediately following one-year The precision of risk management system differs by each subsidiary. Interest rate VaR and interest rate EaR are measured by internal method or IRRBB (Interest Rate Risk In The Banking Book), and interest rate risk limits are set and monitored based on the interest rate VaR. In accordance with the amendments in Regulations for Supervision of Financial Holding Companies, the Group measures the interest rate risk using the Basel III based IRRBB, which measures the interest rate risk more precisely than the existing BIS standard framework by segmenting maturities of interest rates, reflecting customer behaviour models and diversifying interest rate shocks. The interest rate VaR scenario based IRRBB measures ① parallel up shock ② parallel down shock ③ steepener shock ④ flattener shock ⑤ short rate up shock ⑥ short rate down shock. By the parallel up shock and parallel down shock, the interest rate VaR scenario measures the scenario value with the largest loss as interest rate risk. Under the existing BIS standard framework, ± 200bp parallel shock scenario is applied to all currency. However, as the shock width is set differently by currency and period, interest rate risk is measured significantly by the IRRBB. ((KRW) Parallel ± 300bp, Short Term ± 400bp, Long Term ± 200bp, (USD) Parallel ± 200bp, Short Term ± 300bp, Long Term ± 150bp) In the IRRBB method, the existing interest rate VaR and the interest rate EaR are expressed as D D Since impacts of each subsidiary on changes of interest rates are differentiated by portfolios, the Group is preparing to respond proactively while monitoring the financial market and regulatory environment, and making efforts to hedge or reduce interest rate risk. In addition, the subsidiaries conduct the crisis analysis on changes in market interest rates and report it to management and the Group. In particular, through its ALM (Asset and Liability Management) system, Shinhan Bank measures and manages its interest rate risk based on various analytical measures such as interest rate gap, duration gap and NPV (Net Present Value) and NII (Net Interest Income) simulations, and monitors on a monthly basis its interest rate VaR limits, interest rate EaR (Earnings at Risk) limits and interest rate gap ratio limits. The details of interest rate VaR and EaR for major subsidiaries for as of December 31, 2019 and 2020 are as follows: ii-3) 2019 2020 D W 369,944 468,327 D 161,385 115,221 ii-4) 2019 2020 D W 696,505 463,647 D 554,499 594,210 ii-5) 2019 2020 D W 77,436 209,929 D 127,476 89,925 ii-6) 2019 2020 D W 4,831,042 4,140,109 D 77,000 46,073 ii-7) 2019 2020 D W 2,800,603 2,007,029 D 46,372 38,733 (*1) D off-balance (*2) D
Foreign currency denominated assets and liabilities	Foreign currency denominated assets and liabilities as of December 31, 2019 and 2020 are as follows: 2019 USD JPY EUR CNY Other Total Assets: Cash and due from banks at amortized cost W 4,235,225 1,532,661 354,686 1,714,524 1,715,443 9,552,539 Due from banks at FVTPL 719,812 — — — — 719,812 Loan receivables measured at FVTPL 479,950 — 7,872 — — 487,822 Loan at amortized cost 18,275,153 8,256,756 955,836 3,350,557 7,960,731 38,799,033 Securities at FVTPL 5,391,450 32,565 303,917 — 357,018 6,084,950 Derivative assets 342,120 1,403 16,922 391 80,506 441,342 Securities at FVOCI 4,775,714 83,713 337,573 436,236 917,335 6,550,571 Securities at amortized cost 1,392,901 183,133 67,080 40,769 1,482,574 3,166,457 Other financial assets 3,176,509 136,419 171,080 380,955 462,734 4,327,697 W 38,788,834 10,226,650 2,214,966 5,923,432 12,976,341 70,130,223 Liabilities: Deposits W 14,658,624 9,057,393 843,946 4,426,507 6,906,741 35,893,211 Financial liabilities at FVTPL — — — — 474,080 474,080 Derivative liabilities 320,176 6,466 20,833 1,163 15,564 364,202 Borrowings 8,938,762 347,881 190,366 407,767 139,658 10,024,434 Debt securities issued 7,882,293 319,041 960,890 — 1,526,661 10,688,885 Financial liabilities designated at FVTPL 1,444,254 — — — — 1,444,254 Other financial liabilities 4,391,046 155,736 125,172 567,860 978,153 6,217,967 W 37,635,155 9,886,517 2,141,207 5,403,297 10,040,857 65,107,033 Net assets W 1,153,679 340,133 73,759 520,135 2,935,484 5,023,190 Off-balance (1,335,794 ) (160,734 ) 273,571 (114,015 ) (844,534 ) (2,181,506 ) Net position W (182,115) 179,399 347,330 406,120 2,090,950 2,841,684 2020 USD JPY EUR CNY Other Total Assets: Cash and due from banks at amortized cost W 4,729,453 1,988,215 402,137 798,053 3,053,388 10,971,246 Due from banks at FVTPL 31,633 — — — — 31,633 Loan receivables measured at FVTPL 745,277 19,807 91,503 — — 856,587 Loan at amortized cost 21,435,678 9,076,702 1,296,284 4,130,855 8,987,453 44,926,972 Securities at FVTPL 4,426,257 2,574 455,769 — 316,468 5,201,068 Derivative assets 913,778 21,531 50,842 1,100 114,055 1,101,306 Securities at FVOCI 3,868,880 149,718 222,547 460,681 1,000,855 5,702,681 Securities at amortized cost 1,273,204 240,619 69,132 45,151 1,588,358 3,216,464 Other financial assets 2,180,140 284,695 177,538 336,325 559,805 3,538,503 W 39,604,300 11,783,861 2,765,752 5,772,165 15,620,382 75,546,460 Liabilities: Deposits W 17,542,371 10,136,700 991,501 4,650,406 8,438,144 41,759,122 Financial liabilities at FVTPL — — — — 544,916 544,916 Derivative liabilities 558,064 10,819 33,940 858 105,134 708,815 Borrowings 8,431,144 810,819 306,829 163,454 692,305 10,404,551 Debt securities issued 8,417,214 87,504 933,570 — 1,652,835 11,091,123 Financial liabilities designated at FVTPL 1,068,245 — — — — 1,068,245 Other financial liabilities 3,479,117 123,510 250,428 564,623 843,635 5,261,313 W 39,496,155 11,169,352 2,516,268 5,379,341 12,276,969 70,838,085 Net assets W 108,145 614,509 249,484 392,824 3,343,413 4,708,375 Off-balance 438,469 (166,923 ) 187,408 44,764 (896,933 ) (393,215 ) Net position W 546,614 447,586 436,892 437,588 2,446,480 4,315,160
Composition of non-derivative financial instruments and derivative financial instruments by remaining period	The details of the composition of non-derivative 2019 Less than 1 1~3 3~6 6 months 1~5 More than Total Non-derivative Assets: Cash and due from banks at amortized cost W 25,543,400 1,039,822 421,453 1,145,323 50,070 249,503 28,449,571 Due from banks at fair value through profit or loss 130,780 150,217 594,643 21,885 — — 897,525 Loans at fair value through profit or loss 29,961 783,429 12,638 142,756 773,305 488,326 2,230,415 Loans at amortized cost 28,857,297 36,706,993 46,672,732 74,931,639 103,334,861 70,169,035 360,672,557 Securities at fair value through profit or loss 39,736,655 1,852,680 728,518 1,120,791 2,716,677 3,774,694 49,930,015 Securities at fair value through other comprehensive income 57,317,802 — — 40,145 30,195 2,111,220 59,499,362 Securities at amortized cost 1,214,108 2,015,590 1,704,574 2,098,374 17,491,024 32,951,459 57,475,129 Other financial assets 13,291,239 122,258 122,893 562,793 249,166 3,122,107 17,470,456 W 166,121,242 42,670,989 50,257,451 80,063,706 124,645,298 112,866,344 576,625,030 Liabilities: Deposits (*2) W 149,773,324 31,415,213 38,077,790 61,746,589 14,972,484 3,590,916 299,576,316 Financial liabilities at fair value through profit or loss 1,558,186 1,096 12,095 17,997 48,609 — 1,637,983 Borrowings 15,314,322 3,690,803 3,608,178 4,028,183 5,244,109 3,002,243 34,887,838 Debt securities issued 5,367,601 4,370,308 4,876,333 8,945,916 49,804,651 6,467,621 79,832,430 Financial liabilities designated at fair value through profit or loss 487,743 110,965 678,041 1,651,198 5,414,944 1,066,565 9,409,456 Other financial liabilities 23,504,746 118,689 253,779 510,768 416,868 3,449,392 28,254,242 W 196,005,922 39,707,074 47,506,216 76,900,651 75,901,665 17,576,737 453,598,265 Off balance (*4): Finance guarantee contracts W 4,698,558 — — — — — 4,698,558 Loan commitments and other 178,516,047 — — — — — 178,516,047 W 183,214,605 — — — — — 183,214,605 Derivatives: Derivatives W 407,885 9,640 34,228 18,196 160,292 176,976 807,217 2020 Less than 1~3 3~6 6 months 1~5 More than Total Non-derivative Assets: Cash and due from banks at amortized cost W 30,486,441 845,977 501,733 860,975 4,467 516,661 33,216,254 Due from banks at fair value through profit or loss 63,113 — — — — — 63,113 Loans at fair value through profit or loss 31,100 689,261 46,369 117,820 310,954 880,595 2,076,099 Loans at amortized cost 30,170,280 38,040,760 52,331,623 82,840,301 119,243,663 69,258,709 391,885,336 Securities at fair value through profit or loss 44,779,587 1,413,545 571,552 1,160,406 3,384,948 4,729,943 56,039,981 Securities at fair value through other comprehensive income 55,002,284 10,740 207 414 79,640 3,321,488 58,414,773 Securities at amortized cost 385,809 2,070,392 1,202,211 3,649,376 19,054,766 34,889,104 61,251,658 Other financial assets 15,451,455 102,714 138,116 287,473 231,608 1,571,561 17,782,927 W 176,370,069 43,173,389 54,791,811 88,916,765 142,310,046 115,168,061 620,730,141 Liabilities: Deposits (*2) W 187,299,944 28,357,521 36,578,825 59,863,780 14,894,480 2,355,459 329,350,009 Financial liabilities at fair value through profit or loss 1,409,608 794 7,042 2,785 18,870 — 1,439,099 Borrowings 14,670,192 3,783,621 2,920,338 5,463,070 10,692,374 4,392,815 41,922,410 Debt securities issued 5,872,508 6,261,775 5,039,503 11,457,246 43,712,609 6,454,265 78,797,906 Financial liabilities designated at fair value through profit or loss 596,675 221,857 336,784 1,277,802 5,043,549 979,057 8,455,724 Other financial liabilities 29,128,836 97,138 151,655 542,221 643,043 75,813 30,638,706 W 238,977,763 38,722,706 45,034,147 78,606,904 75,004,925 14,257,409 490,603,854 Off balance (*4): Finance guarantee contracts W 4,481,506 — — — — — 4,481,506 Loan commitments and other 187,536,416 — — 19,900 — — 187,556,316 W 192,017,922 — — 19,900 — — 192,037,822 Derivatives: Derivatives W 419,951 29,829 75,483 149,274 103,770 101,072 879,379 (*1) These amounts include cash flows of principal and interest on financial assets and financial liabilities. (*2) Demand deposits amounting to W W (*3) Financial instruments held for trading measured at market price are included in the ‘Less than 1 month’ category. (*4) Financial guarantees such as financial guarantee contracts and loan commitments and other credit contributions provided by the Group are classified based on the earliest date at which the Group should fulfill the obligation under the guarantee when the counterparty requests payment.
The fair value hierarchy of financial instruments presented at their fair values in the statements of financial position	i-1) The fair value hierarchy of financial instruments presented at their fair values in the statements of financial position as of December 31, 2019 and 2020 are as follows: 2019 Level 1 Level 2 Level 3 Total Financial assets Due from banks measured at FVTPL W — 66,870 830,655 897,525 Loan receivables measured at FVTPL — 686,446 1,468,375 2,154,821 Financial assets at FVTPL: Debt securities and other securities 6,304,161 33,145,583 8,951,398 48,401,142 Equity securities 890,714 195,395 511,831 1,597,940 Gold/silver deposits 111,715 — — 111,715 7,306,590 33,340,978 9,463,229 50,110,797 Derivative assets: Trading 35,711 2,088,307 462,050 2,586,068 Hedging — 240,430 2,776 243,206 35,711 2,328,737 464,826 2,829,274 Securities measured at FVOCI: Debt securities 16,892,704 41,645,124 35,266 58,573,094 Equity securities 183,107 — 624,852 807,959 17,075,811 41,645,124 660,118 59,381,053 W 24,418,112 78,068,155 12,887,203 115,373,470 Financial liabilities: Financial liabilities measured at FVTPL: Securities sold W 1,164,697 — — 1,164,697 Gold/silver deposits 467,760 — — 467,760 1,632,457 — — 1,632,457 Financial liabilities designated at fair value through profit or loss: Derivatives-combined securities — 897,967 8,511,489 9,409,456 Derivative liabilities: Trading 46,854 1,834,930 119,220 2,001,004 Hedging — 112,258 189,750 302,008 46,854 1,947,188 308,970 2,303,012 W 1,679,311 2,845,155 8,820,459 13,344,925 2020 Level 1 Level 2 Level 3 (*3) Total Financial assets Due from banks measured at FVTPL W — — 63,112 63,112 Loan receivables measured at FVTPL (*1) — 708,111 1,308,690 2,016,801 Financial assets at FVTPL: Debt securities and other securities (*2) 7,029,453 39,335,739 8,721,500 55,086,692 Equity securities 693,816 210,230 832,413 1,736,459 Gold/silver deposits 188,339 — — 188,339 7,911,608 39,545,969 9,553,913 57,011,490 Derivative assets: Trading 125,339 4,623,218 408,855 5,157,412 Hedging — 475,708 795 476,503 125,339 5,098,926 409,650 5,633,915 Securities measured at FVOCI: Debt securities 17,515,390 39,861,238 32,805 57,409,433 Equity securities 172,403 49,673 684,603 906,679 17,687,793 39,910,911 717,408 58,316,112 W 25,724,740 85,263,917 12,052,773 123,041,430 Financial liabilities: Financial liabilities measured at FVTPL: Securities sold W 897,129 — — 897,129 Gold/silver deposits 539,565 — — 539,565 1,436,694 — — 1,436,694 Financial liabilities designated at fair value through profit or loss: Derivatives-combined securities (*2) — 314,220 8,141,504 8,455,724 Derivative liabilities: Trading 161,628 4,431,080 87,356 4,680,064 Hedging — 233,684 102,819 336,503 161,628 4,664,764 190,175 5,016,567 W 1,598,322 4,978,984 8,331,679 14,908,985 (*1) Of the Financial assets at FVTPL invested by the Group, P-note’s W (*2) Financial instruments (Beneficiary certificates: W W (*3) The valuation amount for the over-the-counter W W W W over-the-counter
Changes in carrying values of financial instruments classified as Level 3	Changes in carrying values of financial instruments classified as Level 3 for the years ended December 31, 2019 and 2020 are as follows: 2019 Financial Securities Financial Derivative Beginning balance W 7,122,565 550,505 (6,833,737 ) (526,223 ) Recognized in total comprehensive income for the year: Recognized in profit (loss) for the year (*1) 61,738 1,461 (826,594 ) 591,332 Recognized in other comprehensive income (loss) for the year 125,037 34,716 (13,654 ) — 186,775 36,177 (840,248 ) 591,332 Purchase 5,941,978 103,564 — 2,221 Issue — — (8,821,680 ) — Settlement (2,332,781 ) (22,842 ) 7,984,176 88,312 Reclassification — (7,286 ) — — Transfer to level3 (*2) 162,906 — — 248 Transfer from level3 (*2) (27,075 ) — — (34 ) Business combination 707,891 — — — Ending balance W 11,762,259 660,118 (8,511,489 ) 155,856 2020 Financial Securities Financial Derivative Beginning balance W 11,762,259 660,118 (8,511,489 ) 155,856 Recognized in total comprehensive income for the year: Recognized in profit (loss) for the year (*1) (59,931 ) (2,094 ) (196,743 ) 136,386 Recognized in other comprehensive income (loss) for the year 69,819 (2,521 ) (9,689 ) — 9,888 (4,615 ) (206,432 ) 136,386 Purchase 4,461,802 61,919 — 1,171 Issue — — (9,043,503 ) — Settlement (5,231,666 ) (14 ) 9,928,472 (74,584 ) Reclassification (*3) (377,641 ) — — — Transfer to level3 (*2) 358,123 — (308,552 ) 625 Transfer from level3 (*2) (57,513 ) — — 21 Business combination (Note 47) 463 — — — Ending balance W 10,925,715 717,408 (8,141,504 ) 219,475 (*1) Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 for the years ended December 31, 2019 and 2020 are included in the accounts of the statements of comprehensive income, of which the amounts and the related accounts are as follows: 2019 Amounts recognized Recognized profit or loss from Net gain (loss) on financial assets at fair value through profit or loss W 544,849 23,912 Net gain (loss) on financial liabilities designated at fair value through profit or loss (826,594 ) (66,113 ) Net gain (loss) on securities at fair value through other comprehensive income 1,461 1,191 Other operating expenses 108,221 109,547 W (172,063 ) 68,537 2020 Amounts recognized Recognized profit or loss from Net gain (loss) on financial assets at fair value through profit or loss W (8,304 ) (180,419 ) Net gain (loss) on financial liabilities designated at fair value through profit or loss (196,743 ) 189,885 Net gain (loss) on securities at fair value through other comprehensive income (2,094 ) (2,094 ) Other operating expenses 84,759 19,495 W (122,382 ) 26,867 (*2) The investment securities transferred to Level 3 as the availability of observable market data changed due to reasons such as suspension of trading, and the derivative instruments transferred to Level 3 as the availability of observable market data changed due to reasons such as changes in the valuation. (*3) It has been replaced by investment assets in associates.
Valuation techniques and inputs used in measuring the fair value of financial instruments	i-3) Valuation techniques and significant inputs not observable in markets i-3-1) Valuation techniques and inputs used in measuring the fair value of financial instruments classified as level 2 as of December 31, 2019 and 2020 are as follows: 2019 Type of financial instrument Valuation Carrying Significant inputs Assets Financial asset at fair value through profit or loss Debt securities DCF W 33,898,899 Discount rate, interest rate, stock price, and etc. Equity securities NAV 195,395 Price of underlying assets such as stocks, bonds 34,094,294 Derivative assets Trading Option model, DCF 2,088,307 Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. Hedging 240,430 2,328,737 Securities at fair value through other comprehensive income DCF 41,645,124 Discount rate, growth rate and price of underlying assets such as stock, bonds W 78,068,155 Liabilities Financial liabilities designated at fair value through profit or loss Borrowings DCF W 897,967 Discount rate Derivative liabilities Trading Option model, DCF 1,834,930 Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. Hedging 112,258 1,947,188 W 2,845,155 2020 Type of financial instrument Valuation Carrying Significant inputs Assets Financial asset at fair value through profit or loss Debt securities DCF W 40,043,850 Discount rate, interest rate, stock price, and etc. Equity securities NAV 210,230 Price of underlying assets such as stocks, bonds, etc. 40,254,080 Derivative assets Trading Option model, DCF 4,623,218 Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. Hedging 475,708 5,098,926 Securities at fair value through other comprehensive income Debt securities DCF 39,861,238 Interest rate, discount rate and price of underlying assets such as stock, bonds, etc. Equity securities NAV 49,673 39,910,911 W 85,263,917 Liabilities Financial liabilities designated at fair value through profit or loss Complex financial instruments DCF W 314,220 Discount rate Derivative liabilities Trading Option model, DCF 4,431,080 Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc. Hedging 233,684 4,664,764 W 4,978,984 i-3-2) Valuation techniques and significant inputs, but not observable, used in measuring the fair value of financial instruments classified as level 3 as of December 31, 2019 and 2020 are as follows: 2019 Type of financial instrument Valuation Carrying Significant unobservable inputs Range Financial assets Financial asset at fair value through profit or loss Debt securities DCF, Option W 11,250,428 The volatility of the underlying asset, and Discount rate 0.00%~46.36% 1.14%~30.70% Equity securities DCF, NAV 511,831 The volatility of the underlying asset, Correlations, and Discount rate 1.00%~43.00% 5.00%~88.00% 5.06%~15.42% 11,762,259 Derivative assets Equity and foreign exchange related Option model (*1) 145,011 The volatility of the underlying asset, and Correlations 1.51%~56.00% -42.00%~82.00% Interest rates related Option model (*1) 30,983 The volatility of the underlying asset, Regression coefficient, and Correlations 0.50%~0.67% 1.30%~1.57% 59.53% Credit and commodity related Option model (*1) 288,832 The volatility of the underlying asset, and Correlations 0.00%~39.00% 0.00%~93.00% 464,826 Securities at fair value through other comprehensive income Debt securities DCF 35,266 Discount rate, and Growth rate 7.78%~19.32% 0.00%~2.00% Equity securities NAV 624,852 660,118 W 12,887,203 Financial liabilities Financial liabilities at fair value through profit or loss Equity related Option model (*1) W 8,511,489 The volatility of the underlying asset, and Correlations 0.00%~140.00% -46.00%~93.00% Derivative liabilities Equity and foreign exchange related Option model (*1) 30,412 The volatility of the underlying asset, and Correlations 0.00%~140.00% 0.00%~78.00% Interest rates related Option model (*1) 213,170 The volatility of the underlying asset Regression coefficient, and Correlations 0.00%~55.00% 1.30%~2.77% 45.06%~90.34% Credit and commodity related Option model (*1) 65,388 The volatility of the underlying asset, and Correlations 0.00%~109.00% -46.00%~93.00% 308,970 W 8,820,459 (*1) Option model that the Group uses in derivative valuation includes Black-Scholes model, Hull-White model, Monte Carlo simulation, etc. (*2) There is no disclosure for valuation techniques and input variables related to items where the carrying amount is recognized as a reasonable approximation of fair value and the carrying amount is disclosed at fair value. 2020 Type of financial instrument Valuation Carrying Significant unobservable inputs Range Financial assets Financial asset at fair value through profit or loss Debt securities DCF, Option model (*1), Comparable company analysis W 10,093,302 The volatility of the underlying asset, Discount rate, and Correlations 5.06%~61.32% 0.35%~27.17% 0.00%~100.0% Equity securities DCF, NAV, Option model (*1), Comparable company analysis 832,413 The volatility of the underlying asset, Discount rate, and Correlations 21.00%~40.00% 5.83%~16.87% 20.00%~79.00% 10,925,715 Derivative assets Equity and foreign exchange related Option model (*1) 113,496 The volatility of the underlying asset, and Correlations 4.30%~127.00% -3.00%~82.00% Interest rates related Option model (*1) 23,112 The volatility of the underlying asset, Regression coefficient, and Correlations 0.47%~1.00% 0.30%~0.58% 26.00%~90.45% Credit and commodity related Option model (*1) 273,042 The volatility of the underlying asset, and Correlations 1.00%~40.00% -43.00%~92.00% 409,650 Securities at fair value through other comprehensive income Debt securities DCF, NAV, Option model (*1), Comparable company analysis 32,805 The volatility of the underlying asset, Discount rate, and Growth rate 22.11% 0.05%~19.05% 0.00%~2.00% Equity securities 684,603 717,408 W 12,052,773 Financial liabilities Financial liabilities at fair value through profit or loss Equity related Option model (*1) W 8,141,504 The volatility of the underlying asset, and Correlations 1.00%~127.00% -43.00%~92.00% Derivative liabilities Equity and foreign exchange related Option model (*1) 25,525 The volatility of the underlying asset, and Correlations 4.30%~61.00% -3.00%~82.00% Interest rates related Option model (*1) 134,759 The volatility of the underlying asset, Regression coefficient, and Correlations 0.47%~40.00% 0.30%~0.63% 20.13%~90.34% Credit and commodity related Option model (*1) 29,891 The volatility of the underlying asset, and Correlations 1.00%~102.00% -43.00%~92.00% 190,175 W 8,331,679 (*1) Option model that the Group uses in derivative valuation includes Black-Scholes model, Hull-White model, Monte Carlo simulation, etc. (*2) There is no disclosure for valuation techniques and input variables related to items where the carrying amount is recognized as a reasonable approximation of fair value and the carrying amount is disclosed at fair value.
Sensitivity for changing in unobservable inputs	i-4) Sensitivity for changing in unobservable inputs For level 3 fair value measurement, changing one or more of the unobservable inputs used to reasonably possible alternative assumptions would have the following effects on profit or loss, or other comprehensive income as of December 31, 2019 and 2020. 2019 Favorable Unfavorable Financial assets: Effects on profit or loss for the period (*1): Financial asset at fair value through profit or loss W 44,108 (23,618 ) Derivative assets 24,792 (22,184 ) Securities at fair value through other comprehensive income (*2) 36,258 (22,183 ) W 105,158 (67,985 ) Financial liabilities: Effects on profit or loss for the period (*1): Financial liabilities designated at fair value through profit or loss W 55,224 (53,294 ) Derivative liabilities 16,830 (22,535 ) W 72,054 (75,829 ) 2020 Favorable Unfavorable Financial assets: Effects on profit or loss for the period (*1): Financial asset at fair value through profit or loss W 53,821 (48,547 ) Derivative assets 23,011 (21,532 ) Securities at fair value through other comprehensive income (*2) 26,817 (21,044 ) W 103,649 (91,123 ) Financial liabilities: Effects on profit or loss for the period (*1): Financial liabilities designated at fair value through profit or loss W 72,042 (71,690 ) Derivative liabilities 17,976 (18,368 ) W 90,018 (90,058 ) (*1) Fair value changes are calculated by increasing or decreasing the volatility of the underlying asset (-10~10%) (-10~10%). (*2) Fair value changes are calculated by increasing or decreasing discount rate (-1~1%)
The method of measuring the fair value of financial instruments measured at amortized cost	ii-1) The method of measuring the fair value of financial instruments measured at amortized cost is as follows: Type Measurement methods of fair value Cash and due from banks The carrying amount and the fair value for cash are identical and most of deposits are floating interest rate deposits or next day deposits of a short-term instrument. For this reason, the carrying value approximates fair value. Loans The fair value of the loans is measured by discounting the expected cash flow at the market interest rate and credit risk of the borrower. Securities measured at amortized cost The minimum price between the Korea Asset Pricing’s valuation, and KIS Pricing’s is used as a fair value. Deposits and borrowings The carrying amount and the fair value for demand deposits, cash management account deposits, call money as short-term instrument are identical. The fair value of others is measured by discounting the contractual cash flow at the market interest rate that takes into account the residual risk. Debt securities issued Where available, the fair value of deposits and borrowings is based on the published price quotations in an active market. In case there is no data for an active market price, it is measured by discounting the contractual cash flow at the market interest rate that takes into account the residual risk. Other financial assets and other financial liabilities The carrying amounts are measured at fair value for short-term and suspense accounts, such as spot exchange, inter-bank fund transfer, and domestic exchange of payments, and for the remaining financial instruments, the present value is calculated by discounting the contractual cash flows at a discount rate which considered residual risk at the market interest rate.
The carrying value and the fair value of financial instruments measured at amortized cost	ii-2) The carrying value and the fair value of financial instruments measured at amortized cost as of December 31, 2019 and 2020 are as follows: 2019 2020 Carrying value Fair value Carrying value Fair value Assets: Deposits measured at amortized cost W 25,840,858 25,852,497 31,605,262 31,607,122 Loans measured at amortized cost Retails 134,510,282 135,620,862 146,843,366 147,634,589 Corporations 159,560,873 160,818,205 177,046,416 178,420,230 Public and other funding loans 3,427,855 3,446,485 4,021,926 4,048,167 Loans between banks 2,629,999 2,644,603 5,487,147 5,495,236 Credit card 23,115,970 23,489,180 22,822,664 23,220,987 323,244,979 326,019,335 356,221,519 358,819,209 Securities measured at amortized cost Government bonds 30,385,084 32,242,339 31,816,320 33,391,597 Financial institution bonds 4,770,204 4,882,081 3,835,577 3,987,172 Corporation bonds 10,426,777 10,878,059 11,630,726 12,075,175 45,582,065 48,002,479 47,282,623 49,453,944 Other financial assets 17,477,778 17,493,331 20,341,191 20,359,778 W 412,145,680 417,367,642 455,450,595 460,240,053 Liabilities: Deposit liabilities: Demand deposits W 116,282,707 116,282,707 148,725,197 148,725,197 Time deposits 158,427,447 158,478,949 157,833,891 157,936,969 Certificate of deposit 9,707,791 9,714,806 5,946,704 5,965,139 Issued bill deposit 4,579,587 4,579,425 6,226,937 6,226,855 CMA deposits 3,987,372 3,987,372 4,006,319 4,006,319 Other 1,889,352 1,889,700 3,677,820 3,678,316 294,874,256 294,932,959 326,416,868 326,538,795 Borrowing debts: Call-money 712,247 712,247 1,760,042 1,760,042 Bills sold 19,070 19,035 10,706 10,696 Bonds sold under repurchase agreements 9,089,736 9,089,736 11,065,584 11,065,584 Borrowings 25,042,103 25,205,292 28,757,732 28,863,015 34,863,156 35,026,310 41,594,064 41,699,337 Debts: Borrowings in Korean won 64,717,212 65,322,413 64,083,920 64,842,258 Borrowings in foreign currency 10,646,152 10,783,027 11,050,474 11,262,332 75,363,364 76,105,440 75,134,394 76,104,590 Other financial liabilities 28,231,911 27,949,306 34,129,626 34,136,128 W 433,332,687 434,014,015 477,274,952 478,478,850
The fair value hierarchy of financial instruments which are not measured at their fair values in the statements of financial position	ii-3) The fair value hierarchy of financial assets and liabilities which are not measured at their fair values in the statements of financial position but with their fair value disclosed as of December 31, 2019 and 2020 are as follows: 2019 Level 1 Level 2 Level 3 Total Assets: Deposits measured at amortized cost W 3,133,425 22,149,706 569,366 25,852,497 Loans measured at amortized cost Retails — — 135,620,862 135,620,862 Corporations 108 — 160,818,097 160,818,205 Public and other funding loans — — 3,446,485 3,446,485 Loans between banks — 960,827 1,683,776 2,644,603 Credit card — — 23,489,180 23,489,180 108 960,827 325,058,400 326,019,335 Securities measured at amortized cost: Government bonds 20,524,820 11,717,519 — 32,242,339 Financial institution bonds 2,252,484 2,629,597 — 4,882,081 Debentures — 10,792,000 86,059 10,878,059 22,777,304 25,139,116 86,059 48,002,479 Other financial assets 526,813 10,813,821 6,152,697 17,493,331 W 26,437,650 59,063,470 331,866,522 417,367,642 Liabilities: Deposit liabilities: Demand deposits W 1,053,963 115,216,336 12,408 116,282,707 Time deposits — — 158,478,949 158,478,949 Certificate of deposit — — 9,714,806 9,714,806 Issued bill deposit — — 4,579,425 4,579,425 CMA deposits — 3,987,372 — 3,987,372 Other 1,747,509 — 142,191 1,889,700 2,801,472 119,203,708 172,927,779 294,932,959 Borrowing debts: Call-money 174,000 538,247 — 712,247 Bills sold — — 19,035 19,035 Bonds sold under repurchase agreements 6,734,162 — 2,355,574 9,089,736 Borrowings — — 25,205,292 25,205,292 6,908,162 538,247 27,579,901 35,026,310 Debts: Borrowings in won — 43,747,553 21,574,860 65,322,413 Borrowings in foreign currency — 7,535,065 3,247,962 10,783,027 — 51,282,618 24,822,822 76,105,440 Other financial liabilities 526,685 7,932,723 19,489,898 27,949,306 W 10,236,319 178,957,296 244,820,400 434,014,015 2020 Level 1 Level 2 Level 3 Total Assets: Deposits measured at amortized cost W 779,759 29,957,444 869,919 31,607,122 Loans measured at amortized cost Retails — — 147,634,589 147,634,589 Corporations — — 178,420,230 178,420,230 Public and other funding loans — — 4,048,167 4,048,167 Loans between banks — 2,187,270 3,307,966 5,495,236 Credit card — — 23,220,987 23,220,987 — 2,187,270 356,631,939 358,819,209 Securities measured at amortized cost: Government bonds 22,130,487 11,261,110 — 33,391,597 Financial institution bonds 1,070,220 2,916,952 — 3,987,172 Debentures — 11,994,724 80,451 12,075,175 23,200,707 26,172,786 80,451 49,453,944 Other financial assets — 8,661,345 11,698,433 20,359,778 W 23,980,466 66,978,845 369,280,742 460,240,053 Liabilities: Deposit liabilities: Demand deposits W — 148,725,197 — 148,725,197 Time deposits — — 157,936,969 157,936,969 Certificate of deposit — — 5,965,139 5,965,139 Issued bill deposit — — 6,226,855 6,226,855 CMA deposits — 4,006,319 — 4,006,319 Other — 3,534,696 143,620 3,678,316 — 156,266,212 170,272,583 326,538,795 Borrowing debts: Call-money — 1,760,042 — 1,760,042 Bills sold — — 10,696 10,696 Bonds sold under repurchase agreements 95,400 — 10,970,184 11,065,584 Borrowings — 8,500 28,854,515 28,863,015 95,400 1,768,542 39,835,395 41,699,337 Debts: Borrowings in won — 35,740,750 29,101,508 64,842,258 Borrowings in foreign currency — 7,944,242 3,318,090 11,262,332 — 43,684,992 32,419,598 76,104,590 Other financial liabilities — 10,383,020 23,753,108 34,136,128 W 95,400 212,102,766 266,280,684 478,478,850
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value	ii-4) Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value, as at December 31, 2019 and 2020, are as follows: 2019 Fair value (*) Valuation Inputs Financial instruments classified as level 2: Assets Due from banks measured at amortized cost W 22,149,706 DCF Discount rate Loans measured at amortized cost 960,827 DCF Discount rate, credit spread, prepayment rate Securities measured at amortized cost 25,139,116 DCF Discount rate Other financial assets 10,813,821 DCF Discount rate Financial instruments classified as level 3: Assets Due from banks measured at amortized cost 569,366 DCF Discount rate Loans measured at amortized cost 325,058,400 DCF Discount rate, credit spread, prepayment rate Securities measured at amortized cost 86,059 DCF Discount rate Other financial assets 6,152,697 DCF Discount rate W 390,929,992 Financial instruments classified as level 2: Liabilities Deposits W 119,203,708 DCF Discount rate Borrowings 538,247 DCF Discount rate Debt securities issued 51,282,618 DCF Discount rate Other financial liabilities 7,932,723 DCF Discount rate Financial instruments classified as level 3: Liabilities Deposits 172,927,779 DCF Discount rate Borrowings 27,579,901 DCF Discount rate Debt securities issued 24,822,822 DCF Discount rate, regression coefficient, correlation coefficient Other financial liabilities 19,489,898 DCF Discount rate W 423,777,696 2020 Fair value (*) Valuation Inputs Financial instruments classified as level 2: Assets Due from banks measured at amortized cost W 29,957,444 DCF Discount rate Loans measured at amortized cost 2,187,270 DCF Discount rate, credit spread, prepayment rate Securities measured at amortized cost 26,172,786 DCF Discount rate Other financial assets 8,661,345 DCF Discount rate Financial instruments classified as level 3: Assets Due from banks measured at amortized cost 869,919 DCF Discount rate Loans measured at amortized cost 356,631,939 DCF Discount rate, credit spread, prepayment rate Securities measured at amortized cost 80,451 DCF Discount rate Other financial assets 11,698,433 DCF Discount rate W 436,259,587 Financial instruments classified as level 2: Liabilities Deposits W 156,266,212 DCF Discount rate Borrowings 1,768,542 DCF Discount rate Debt securities issued 43,684,992 DCF Discount rate Other financial liabilities 10,383,020 DCF Discount rate Financial instruments classified as level 3: Liabilities Deposits 170,272,583 DCF Discount rate Borrowings 39,835,395 DCF Discount rate Debt securities issued 32,419,598 DCF Discount rate, regression coefficient, correlation coefficient Other financial liabilities 23,753,108 DCF Discount rate W 478,383,450 (*) Valuation techniques and inputs are not disclosed when the carrying amount is a reasonable approximation of fair value
Changes in gains or losses on valuation at the transaction	iii) Changes in gains or losses on valuation at the transaction date for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 Beginning balance W (126,111 ) (172,859 ) New transactions (178,223 ) (347,030 ) Recognized in profit for the year 131,475 227,290 Ending balance W (172,859 ) (292,599 )
Classification by categories of financial instruments	(f) Classification by categories of financial instruments Financial assets and liabilities are measured at fair value or amortized cost. The financial instruments measured at fair value or amortized costs are measured in accordance with the Group’s valuation methodologies, which are described in Note 4.(e) Measurement of fair value. The carrying amounts of each category of financial assets and financial liabilities as of December 31, 2019 and 2020 are as follows: 2019 FVTPL FVOCI Amortized cost Derivatives Total Assets: Cash and due from banks at amortized cost W — — 28,423,744 — 28,423,744 Due from banks at fair value through profit or loss 897,525 — — — 897,525 Securities at fair value through profit or loss 50,110,797 — — — 50,110,797 Derivatives assets 2,586,068 — — 243,206 2,829,274 Loans at fair value through profit or loss 2,154,821 — — — 2,154,821 Loans at amortized cost — — 323,244,979 — 323,244,979 Securities at fair value through other comprehensive income — 59,381,053 — — 59,381,053 Securities at amortized cost — — 45,582,065 — 45,582,065 Others — — 17,477,778 — 17,477,778 W 55,749,211 59,381,053 414,728,566 243,206 530,102,036 2019 FVTPL FVTPL Financial Derivatives Total Liabilities: Deposits W — — 294,874,256 — 294,874,256 Financial liabilities at fair value through profit or loss 1,632,457 — — — 1,632,457 Financial liabilities designated at FVTPL — 9,409,456 — — 9,409,456 Derivatives liabilities 2,001,004 — — 302,008 2,303,012 Borrowings — — 34,863,156 — 34,863,156 Debt securities issued — — 75,363,364 — 75,363,364 Others — — 28,231,911 — 28,231,911 W 3,633,461 9,409,456 433,332,687 302,008 446,677,612 2020 FVTPL FVOCI Amortized cost Derivatives Total Assets: Cash and due from banks at amortized cost W — — 33,410,542 — 33,410,542 Due from banks at fair value through profit or loss 63,112 — — — 63,112 Securities at fair value through profit or loss 57,011,490 — — — 57,011,490 Derivatives assets 5,157,412 — — 476,503 5,633,915 Loans at fair value through profit or loss 2,016,801 — — — 2,016,801 Loans at amortized cost — — 356,221,519 — 356,221,519 Securities at fair value through other comprehensive income — 58,316,112 — — 58,316,112 Securities at amortized cost — — 47,282,623 — 47,282,623 Others — — 20,341,191 — 20,341,191 W 58,316,112 457,255,875 476,503 580,297,305 2020 FVTPL FVTPL Financial Derivatives Total Liabilities: Deposits W — — 326,416,868 — 326,416,868 Financial liabilities at fair value through profit or loss 1,436,694 — — — 1,436,694 Financial liabilities designated at FVTPL — 8,455,724 — — 8,455,724 Derivatives liabilities 4,680,064 — — 336,503 5,016,567 Borrowings — — 41,594,064 — 41,594,064 Debt securities issued — — 75,134,394 — 75,134,394 Others — — 34,129,626 — 34,129,626 W 8,455,724 477,274,952 336,503 492,183,937
Transfers that do not qualify for derecognition	i) Transfers that do not qualify for derecognition ① Sale of repurchase bonds Among the Group’s sale of repurchase bonds, followings are the details of financial instruments that do not qualify for derecognition because the Group sold under repurchase agreement at a fixed price as of December 31, 2019 and 2020: 2019 2020 Transferred asset: Securities at FVTPL W 7,924,953 8,915,488 Securities at FVOCI 1,867,470 1,638,651 Securities at amortized cost 818,470 205,639 W 10,610,893 10,759,778 Associated liabilities: Bonds sold under repurchase agreements W 8,717,336 11,075,004 ② Securities loaned If the securities owned by the Group are loaned, the ownership of the securities is transferred, but is required to be returned at the end of the loan period. Therefore, the Group continues to recognize the entire securities loaned as it holds most of the risks and compensation of the securities. Securities loaned as of December 31, 2019 and 2020 are as follows: 2019 2020 Borrowers Government bonds W 3,951,869 3,213,719 Korea Securities Finance Corp., Korea Securities Depository Financial institutions bonds 460,052 220,324 Korea Securities Finance Corp., Korea Securities Depository Equity securities 30,242 99,670 Korea Securities Finance Corp. W 3,533,713
Offsetting financial assets and financial liabilities	(h) Offsetting financial assets and financial liabilities Financial assets and liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2019 and 2020 are as follows: 2019 Gross amounts of Gross amounts of Net amounts of Related amounts not set off in the Net amount Financial Cash collateral Assets: Derivatives (*1) W 2,694,236 — 2,694,236 8,090,372 263,541 1,645,802 Other financial instruments (*1) 8,624,844 1,319,365 7,305,479 Securities repurchased under repurchase agreements and bonds purchased under repurchase agreements (*2) 11,828,135 — 11,828,135 11,051,075 — 777,060 Securities loaned (*2) 1,927,674 — 1,927,674 1,927,674 — — Domestic exchange settlement debit (*3) 31,814,310 27,008,189 4,806,121 526,653 — 4,279,468 Receivables from disposal of securities (*4) 25,808 1,134 24,674 — — 24,674 Insurance receivables 10,353 — 10,353 8,008 — 2,345 W 28,328,688 28,596,672 21,603,782 263,541 6,729,349 Liabilities: Derivatives (*1) W 12,803,450 — 12,803,450 8,279,924 11,693 10,704,107 Other financial instruments (*1) 7,511,639 1,319,365 6,192,274 Bonds purchased under repurchase agreements (*2) 8,717,336 — 8,717,336 8,717,336 — — Securities borrowed (*2) 1,135,614 — 1,135,614 1,135,614 — — Domestic exchange settlement pending (*3) 28,936,661 27,008,189 1,928,472 1,857,152 — 71,320 Payable from purchase of securities (*4) 1,607 1,134 473 473 — — Insurance payables 8,202 — 8,202 8,008 — 194 W 59,114,509 28,328,688 30,785,821 19,998,507 11,693 10,775,621 2020 Gross amounts of Gross amounts of Net amounts of Related amounts not set off in Net amount Financial Cash collateral Assets: Derivatives (*1) W 5,361,225 — 5,361,225 4,448,496 314,328 12,129,369 Other financial instruments (*1) 18,033,663 6,502,695 11,530,968 Securities repurchased under repurchase agreements and bonds purchased under repurchase agreements (*2) 13,694,305 — 13,694,305 13,185,633 — 508,672 Securities loaned (*2) 1,202,494 — 1,202,494 1,202,494 — — Domestic exchange settlement debit (*3) 29,911,693 25,785,507 4,126,186 116,290 — 4,009,896 Receivables from disposal of securities (*4) 29,341 3,140 26,201 — — 26,201 Insurance receivables 8,374 — 8,374 5,526 — 2,848 W 68,241,095 32,291,342 35,949,753 18,958,439 314,328 16,676,986 Liabilities: Derivatives (*1) W 13,153,952 — 13,153,952 5,490,974 1,000 18,500,005 Other financial instruments (*1) 17,340,722 6,502,695 10,838,027 Bonds purchased under repurchase agreements (*2) 11,065,584 — 11,065,584 10,260,684 — 804,900 Securities borrowed (*2) 897,129 — 897,129 897,129 — — Domestic exchange settlement pending (*3) 31,605,249 25,785,507 5,819,742 4,099,248 — 1,720,494 Payable from purchase of securities (*4) 3,148 3,140 8 8 — — Insurance payables 5,742 — 5,742 5,526 — 216 W 74,071,526 32,291,342 41,780,184 20,753,569 1,000 21,025,615 (*1) The Group has certain derivative transactions subject to the ISDA (International Derivatives Swaps and Dealers Association) agreement. According to the ISDA agreement, when credit events (e.g. default) of counterparties occur, all derivative agreements are terminated and set off. At the time of termination, the parties to the transaction will offset the amount of payment or payment to each other, and one party will pay the other party a single amount will be paid to the other party. (*2) Resale and repurchase agreement, securities borrowing and lending agreement are also similar to ISDA agreement with respect to enforceable netting agreements. (*3) The Group has legally enforceable right to set off and settles financial assets and liabilities on a net basis under normal business terms. Therefore, domestic exchanges settlement receivables (payables) are recorded on a net basis in the consolidated statements of financial position. (*4) It is an account that deals with bonds and liabilities based on the settlement of listed stocks traded in the market. The Group currently has a legally enforceable right to set off the recognized amounts and intends to settle on a net basis. Therefore, the net amount is presented in the consolidated statement of financial position. The offset amount of related bonds and liabilities based on the settlement of over-the-counter in-house (*5) As of December 31, 2019, the total amount of financial liabilities includes W W W W W
The capital ratio of the Group based on Basel III	The capital ratio of the Group based on Basel III is as of December 31, 2019 and 2020 are as follows: 2019 2020 Capital: Tier I common equity capital W 28,561,568 32,461,864 Additional tier 1 capital 3,138,262 3,805,372 Tier I capital 31,699,830 36,267,236 Tier II capital 4,014,740 3,441,841 Total capital (A) W 35,714,570 39,709,077 Total risk-weighted assets (B) W 256,891,664 252,321,426 Capital adequacy ratio (A/B) 13.90 % 15.74 % Tier I capital adequacy ratio 12.34 % 14.37 % Common stock ratio 11.12 % 12.87 % (*) As of December 31, 2020, the Group has maintained an appropriate consolidated equity capital ratio according to the BIS equity capital regulation.

Investment in subsidiaries (Tab

Investment in subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of investment in subsidiaries [Abstract]
Condensed financial position for the controlling company and the Group's subsidiaries	(a) The summarized financial information of the controlling company and the Group’s major subsidiaries as of December 31, 2019 and 2020 is as follows: 2019 2020 Investees(*1)(*2) Asset balance Liability balance Equity balance Asset balance Liability balance Equity balance Shinhan Financial Group (separate) W 32,261,322 9,795,896 22,465,426 35,483,914 10,426,817 25,057,097 Shinhan Bank 392,723,044 366,629,929 26,093,115 427,675,103 400,009,589 27,665,514 Shinhan Card Co., Ltd. 32,917,910 26,769,044 6,148,866 34,885,223 28,465,675 6,419,548 Shinhan Investment Corp. 37,375,487 33,138,930 4,236,557 46,632,433 42,258,341 4,374,092 Shinhan Life Insurance Co., Ltd. 34,133,649 32,062,490 2,071,159 36,777,496 34,232,052 2,545,444 Orange Life Insurance Co., Ltd. 32,841,359 29,654,711 3,186,648 33,813,587 30,574,073 3,239,514 Shinhan Capital Co., Ltd. 7,566,428 6,612,519 953,909 8,901,349 7,710,010 1,191,339 Jeju Bank 6,192,927 5,695,223 497,704 6,531,838 6,022,397 509,441 Shinhan Credit Information Co., Ltd. 25,292 10,044 15,248 27,806 10,826 16,980 Shinhan Alternative Investment Management Inc. 87,694 75,665 12,029 87,053 71,591 15,462 Shinhan BNP Paribas Asset Management Co., Ltd. 184,203 19,678 164,525 191,127 20,530 170,597 SHC Management Co., Ltd. 9,639 — 9,639 9,644 — 9,644 Shinhan DS 89,141 67,954 21,187 95,150 70,916 24,234 Shinhan Savings Bank 1,602,902 1,418,317 184,585 1,842,231 1,635,433 206,798 Asia Trust Co., Ltd. 172,793 43,933 128,860 259,899 85,274 174,625 Shinhan AITAS Co., Ltd. 77,086 10,962 66,124 87,378 12,159 75,219 Shinhan REITs Management Co., Ltd. 45,832 5,619 40,213 52,555 8,582 43,973 Shinhan AI Co., Ltd. 42,402 1,674 40,728 42,903 1,890 41,013 Neoplux Co., Ltd. — — — 72,550 12,697 59,853 (*1) The consolidated financial statements of the consolidated subsidiaries are based on consolidated financial statements, if applicable. (*2) Trusts, beneficiary certificates, securitization special limited liability companies, associates and private equity investment specialists that are not actually operating their own business are excluded.
Condensed comprehensive income statement for the controlling company and the Group's subsidiaries	(b) The summarized income information of the controlling company and the Group’s major subsidiaries for the years ended December 31, 2018, 2019 and 2020 is as follows: 2018 2019 2020 Investees(*1)(*2) Operating Income Net Income Comprehensive Operating Income Net Income Comprehensive Operating Income Net Income Comprehensive Shinhan Financial Group (separate) W 1,519,197 1,234,883 1,234,044 1,480,030 1,129,173 1,127,202 1,718,407 1,274,443 1,274,892 Shinhan Bank 19,731,711 2,279,362 2,333,266 23,145,476 2,329,268 2,527,665 25,049,392 2,078,232 1,911,575 Shinhan Card Co., Ltd. 3,752,232 517,761 477,135 3,892,257 509,032 486,114 4,091,178 606,554 599,451 Shinhan Investment Corp. 5,279,567 251,268 269,058 6,139,926 220,764 225,963 9,290,965 154,531 147,210 Shinhan Life Insurance Co., Ltd. 5,633,679 131,021 150,997 5,413,175 123,870 326,783 5,405,933 177,834 227,596 Orange Life Insurance Co., Ltd. (*3) — — — 4,662,085 271,455 433,510 4,456,340 279,282 132,425 Shinhan Capital Co., Ltd. 439,031 103,400 100,317 455,246 126,050 123,032 626,455 160,583 162,134 Jeju Bank 224,766 27,446 30,579 239,732 27,934 30,519 214,615 17,521 16,557 Shinhan Credit Information Co., Ltd. 37,616 1,392 985 38,648 507 658 42,658 1,493 1,650 Shinhan Alternative Investment Management Inc. 21,590 (780 ) (780 ) 32,401 2,144 2,144 17,219 3,433 3,433 Shinhan BNP Paribas Asset Management Co., Ltd. 78,378 18,868 18,980 84,256 23,090 22,655 88,870 26,663 26,663 SHC Management Co., Ltd. 140 309 309 154 82 82 70 5 5 Shinhan DS 99,279 1,314 1,525 138,697 2,074 1,292 164,327 1,862 2,845 Shinhan Savings Bank 94,636 19,384 18,919 116,849 23,122 22,972 123,590 26,953 26,888 Asia Trust Co., Ltd. (*3) — — — 54,920 18,098 18,128 102,816 45,791 45,765 Shinhan AITAS Co., Ltd. 44,729 8,461 8,461 51,823 10,821 10,821 58,599 13,020 12,954 Shinhan REITs Management Co., Ltd. 7,386 3,564 3,552 7,342 7,414 7,411 12,176 3,764 3,764 Shinhan AI Co., Ltd. — — — 3,088 (654 ) (654 ) 10,246 304 284 Neoplux Co., Ltd. (*3) — — — — — — 3,500 (1,146 ) (1,015 ) (*1) The consolidated financial statements of the consolidated subsidiaries are based on consolidated financial statements, if applicable. (*2) Trusts, beneficiary certificates, securitization special limited liability companies, associates and private equity investment specialists that are not actually operating their own business are excluded. (*3) For the acquired company, the amount is from the consolidated statements of comprehensive income for the period after the acquisition point.

Operating segments (Tables)

Operating segments (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of operating segments [Abstract]
Information of income and expense for each operating segment	(a) Segment information The general descriptions by operating segments as of December 31, 2020 are as follows: Segment Description Banking Credit to customers, lending to and receiving deposits from customers, and their accompanying work Credit card Sales of credit cards, cash services, card loan services and their accompanying work Securities Securities trading, consignment trading, underwriting and their accompanying work Life insurance Life insurance business and its accompanying work Others Business segments that do not belong to the above segments, such as leasing, rental, collection of bonds, assets management and other remaining business (b) The following tables provide information of income and expense for each operating segment for the years ended December 31, 2018, 2019 and 2020: 2018 Banking Credit card Securities Life Others Consolidation Total Net interest income W 5,707,813 1,583,100 429,095 761,742 95,618 2,721 8,580,089 Net fees and commission income 850,646 433,043 388,944 69,780 198,828 (2,244 ) 1,938,997 Reversal of (provision for) ACL (250,134 ) (466,447 ) (9,226 ) (13,400 ) (10,238 ) 1,568 (747,877 ) General and administrative expenses (3,098,629 ) (751,580 ) (493,906 ) (227,740 ) (263,046 ) 93,326 (4,741,575 ) Other income (expense), net (163,104 ) 74,954 17,963 (409,151 ) 80,857 (131,739 ) (530,220 ) Operating income (expense) 3,046,592 873,070 332,870 181,231 102,019 (36,368 ) 4,499,414 Equity method income (loss) (977 ) — 15,228 (1,026 ) 6,909 (2,646 ) 17,488 Income tax expense 832,494 225,837 95,438 50,429 59,556 4,591 1,268,345 Profit for the year W 2,195,263 629,307 251,268 131,021 49,168 (57,762 ) 3,198,265 Controlling interest W 2,194,950 630,993 251,265 131,021 49,168 (100,675 ) 3,156,722 Non-controlling 313 (1,686 ) 3 — — 42,913 41,543 2019 Banking Credit card Securities Life Others Consolidation Total Net interest income W 5,989,462 1,753,966 457,852 1,647,795 127,564 (238,675 ) 9,737,964 Net fees and commission income 950,389 403,259 351,303 167,324 272,244 (4,000 ) 2,140,519 Reversal of (provision for) allowance for credit loss (“ACL”) (389,004 ) (566,415 ) 1,325 (797 ) (25,030 ) (771 ) (980,692 ) General and administrative expenses (3,177,158 ) (745,848 ) (511,418 ) (443,013 ) (335,090 ) 77,853 (5,134,674 ) Other income (expense), net (211,882 ) (33,204 ) (59,006 ) (786,103 ) 129,272 244,056 (716,867 ) Operating income 3,161,807 811,758 240,056 585,206 168,960 78,463 5,046,250 Equity method income (loss) (764 ) — 18,163 (1,296 ) 12,265 24,919 53,287 Income tax expense 718,650 205,863 68,311 187,608 73,213 15,479 1,269,124 Profit for the year W 2,256,652 609,582 220,764 395,325 100,259 59,802 3,642,384 Controlling interest W 2,256,576 609,350 220,850 395,325 100,259 (178,863 ) 3,403,497 Non-controlling 76 232 (86 ) — — 238,665 238,887 2020 Banking Credit card Securities Life Others Consolidation Total Net interest income W 6,037,632 1,755,039 517,044 1,608,953 166,622 (202,590 ) 9,882,700 Net fees and commission income 822,408 483,486 544,183 162,284 368,350 2,222 2,382,933 Reversal of (provision for) allowance for credit loss (“ACL”) (690,084 ) (483,883 ) (111,796 ) (12,236 ) (85,951 ) 1,771 (1,382,179 ) General and administrative expenses (3,237,641 ) (698,796 ) (565,485 ) (463,439 ) (372,591 ) 125,479 (5,212,473 ) Other income (expense), net (130,488 ) (169,304 ) (11,348 ) (727,530 ) 260,873 36,552 (741,245 ) Operating income 2,801,827 886,542 372,598 568,032 337,303 (36,566 ) 4,929,736 Equity method income (loss) (811 ) — 37,760 (1,244 ) 29,644 94,184 159,533 Income tax expense 673,972 251,357 48,464 156,698 94,094 31,210 1,255,795 Profit for the year W 1,999,002 703,305 154,531 457,116 273,575 (89,453 ) 3,498,076 Controlling interest W 1,998,563 703,204 154,772 457,116 273,575 (172,635 ) 3,414,595 Non-controlling 439 101 (241 ) — — 83,182 83,481 (c) Interest gains and losses from segment external customers and cross-sector interest gains and losses for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 Banking Credit card Securities Life Others Consolidation Total Net interest income from: External customers W 5,714,568 1,602,849 423,156 762,978 76,538 — 8,580,089 Internal transactions (6,755 ) (19,749 ) 5,939 (1,236 ) 19,080 2,721 — W 5,707,813 1,583,100 429,095 761,742 95,618 2,721 8,580,089 2019 Banking Credit card Securities Life Others Consolidation Total Net interest income from: External customers (*) W 5,995,097 1,781,266 450,268 1,647,988 103,161 (239,816 ) 9,737,964 Internal transactions (5,635 ) (27,300 ) 7,584 (193 ) 24,403 1,141 — W 5,989,462 1,753,966 457,852 1,647,795 127,564 (238,675 ) 9,737,964 2020 Banking Credit card Securities Life Others Consolidation Total Net interest income from: External customers (*) W 6,037,205 1,809,149 526,167 1,605,575 114,290 (209,686 ) 9,882,700 Internal transactions 427 (54,110 ) (9,123 ) 3,378 52,332 7,096 — W 6,037,632 1,755,039 517,044 1,608,953 166,622 (202,590 ) 9,882,700 (*) Consolidated adjustment to net interest income from external customers is from the securities and others which were measured in fair values as a part of business combination accounting. (d) The following tables provide information of net fees and commission income (expense) of each operating segment for the years ended December 31, 2018, 2019 and 2020. 2018 Banking Credit card Securities Life Others Consolidation Total Net fees and commission income from: External customers W 872,631 464,342 400,227 77,145 124,652 — 1,938,997 Internal transactions (21,985 ) (31,299 ) (11,283 ) (7,365 ) 74,176 (2,244 ) — W 850,646 433,043 388,944 69,780 198,828 (2,244 ) 1,938,997 2019 Banking Credit card Securities Life Others Consolidation Total Net fees and commission income from: External customers W 974,636 436,523 361,526 175,171 192,663 — 2,140,519 Internal transactions (24,247 ) (33,264 ) (10,223 ) (7,847 ) 79,581 (4,000 ) — W 950,389 403,259 351,303 167,324 272,244 (4,000 ) 2,140,519 2020 Banking Credit card Securities Life Others Consolidation Total Net fees and commission income from: External customers W 859,225 531,394 553,308 173,865 265,141 — 2,382,933 Internal transactions (36,817 ) (47,908 ) (9,125 ) (11,581 ) 103,209 2,222 — W 822,408 483,486 544,183 162,284 368,350 2,222 2,382,933
Financial information of geographical area	(e) Financial information of geographical area The following table provides information of income from external consumers by geographical area for the years ended December 31, 2018, 2019 and 2020. 2018 2019 2020 Domestic W 4,023,916 4,378,239 4,436,252 Overseas 475,498 668,011 493,484 W 4,499,414 5,046,250 4,929,736 The following table provides information of non-current 2019 2020 Domestic W 9,816,600 9,734,468 Overseas 314,052 351,083 W 10,130,652 10,085,551 (*) Non-current

Cash and Due from banks at am_2

Cash and Due from banks at amortized cost (Tables)	12 Months Ended
	Dec. 31, 2020
Cash and Due from banks at amortized cost [Abstract]
Cash and Due from banks at amortized cost	(a) Cash and due from banks at amortized cost as of December 31, 2019 and 2020 are as follows: 2019 2020 Cash and cash equivalents Cash W 2,573,579 1,782,301 Cash equivalents 9,307 22,979 2,582,886 1,805,280 Deposits denominated in Korean won: Reserve deposits 13,840,988 16,957,521 Time deposits 1,413,964 950,624 Other 1,890,541 3,953,337 17,145,493 21,861,482 Deposits denominated in foreign currency: Deposits 5,616,049 5,576,206 Time deposits 2,393,885 2,721,849 Other 697,505 1,455,732 8,707,439 9,753,787 Allowance for credit losses (12,074 ) (10,007 ) W 33,410,542
Restricted due from banks at amortized cost	(b) Restricted due from banks at amortized cost as of December 31, 2019 and 2020 are as follows: 2019 2020 Related Regulations or Acts Deposits denominated in Korean won: Reserve deposits W 13,840,988 16,957,521 Article 55 of the Bank of Korea Act Other 1,081,698 2,390,761 Article 28 and 70 of the Bank of Korea Act, Article 74 of the Capital Markets and Financial Investment Business Act, etc. 14,922,686 19,348,282 Deposits denominated in foreign currency 1,584,239 2,621,129 Articles of the Bank of Korea Act, New York State Banking Act, derivatives, etc. W 16,506,925 21,969,411

Financial assets at fair valu_2

Financial assets at fair value through profit or loss (Tables)	12 Months Ended
	Dec. 31, 2020
Financial assets at fair value through profit or loss [Abstract]
Financial assets at fair value through profit or loss	(a) Financial assets at fair value through profit or loss as of December 31, 2019 and 2020 are as follows: 2019 2020 Debt instruments: Governments W 2,873,419 4,248,448 Financial institutions 12,711,074 13,997,922 Corporations 8,541,514 9,356,842 Stocks with put option 598,858 583,590 Equity investment with put option 1,458,933 1,860,195 Beneficiary certificates 10,678,620 12,451,709 Commercial papers 5,160,063 6,369,854 CMA 3,723,401 2,806,485 Others (*) 2,655,260 3,411,647 48,401,142 55,086,692 Equity instruments: Stocks 1,488,743 1,627,020 Equity investment — 1,697 Others 109,197 107,742 1,597,940 1,736,459 W 49,999,082 56,823,151 Other: Loans at fair value W 2,154,821 2,016,801 Due from banks at fair value 897,525 63,112 Gold/silver deposits 111,715 188,339 W 53,163,143 59,091,403 (*) As of December 31, 2019 and 2020, restricted reserve for claims of customers’ deposits (trusts) are W W
Financial assets to which overlay approach are applied in accordance with IFRS 9 'Financial Instruments' and IFRS 4 'Insurance Contracts'	(b) Financial assets to which overlay approach are applied in accordance with IFRS 9 ‘Financial Instruments’ and IFRS 4 ‘Insurance Contracts’ as of December 31, 2019 and 2020 are as follows: 2019 2020 Due from banks at fair value through profit or loss W 897,525 63,112 Securities at fair value through profit or loss 5,139,380 4,865,908 W 6,036,905 4,929,020
Reclassified amounts between profit or loss and other comprehensive income due to the overlay approach	The reclassified amounts between profit or loss and other comprehensive income due to the overlay approach as of and for the years ended December 31, 2019 and 2020 are as follows: 2019 Profit or loss Other comprehensive By IFRS 9 By IAS 39 Amount Tax effect Net gain (loss) on valuation of financial W 150,865 (74,586 ) 225,451 (50,042 ) Net gain (loss) on disposal of financial 65,627 43,493 22,134 (4,672 ) W 216,492 (31,093 ) 247,585 (54,714 ) 2020 Profit or loss Other comprehensive By IFRS 9 By IAS 39 Amount Tax effect Net gain (loss) on valuation of financial W 123,808 (21,488 ) 145,301 (39,140 ) Net gain (loss) on disposal of financial 53,806 62,926 (9,120 ) 4,086 Net gain (loss) on foreign currency conversion of financial assets at fair value through profit or loss 74 — 74 (20 ) W 177,688 41,438 136,255 (35,074 ) (*) The amount of the policyholders equity adjustment for the reclassification of other comprehensive income is W

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Dec. 31, 2020
Derivatives [Abstract]
The notional amounts of derivatives	(a) The notional amounts of derivatives outstanding as of December 31, 2019 and 2020 are as follows: 2019 2020 Foreign currency related: Over the counter: Currency forwards W 137,383,704 117,566,233 Currency swaps 40,826,444 33,562,251 Currency options 2,758,801 2,501,983 180,968,949 153,630,467 Exchange traded: Currency futures 1,045,138 1,102,534 182,014,087 154,733,001 Interest rates related: Over the counter: Interest rate swaps 37,801,528 36,205,843 Interest rate options 286,000 324,238 38,087,528 36,530,081 Exchange traded: Interest rate futures 2,455,450 2,465,374 Interest rate swaps (*) 65,868,540 68,475,400 68,323,990 70,940,774 106,411,518 107,470,855 Credit related: Over the counter: Credit swaps 5,404,257 4,536,626 Equity related: Over the counter: Equity swaps and forwards 4,255,831 2,628,661 Equity options 864,038 508,686 5,119,869 3,137,347 Exchange traded: Equity futures 876,220 1,638,126 Equity options 4,039,226 4,277,882 4,915,446 5,916,008 10,035,315 9,053,355 Commodity related: Over the counter: Commodity swaps and forwards 758,533 537,351 Exchange traded: Commodity futures and options 344,329 263,460 1,102,862 800,811 2019 2020 Hedge: Currency forwards 1,869,518 1,281,945 Currency swaps 4,532,114 4,328,333 Interest rate swaps 10,091,632 7,844,392 16,493,264 13,454,670 W 290,049,318 (*) The notional amounts of derivatives outstanding those will be settled in the ‘Central Counter Party (CCP)’ system.
Fair values of derivative instruments	(b) Fair values of derivative instruments as of December 31, 2019 and 2020 are as follows: 2019 2020 Assets Liabilities Assets Liabilities Foreign currency related: Over the counter: Currency forwards W 1,360,384 1,056,760 3,135,319 3,021,258 Currency swaps 473,797 519,445 1,145,619 979,022 Currency options 9,007 9,430 33,253 31,871 1,843,188 1,585,635 4,314,191 4,032,151 Exchange traded: Currency futures — — 90 186 1,843,188 1,585,635 4,314,281 4,032,337 Interest rates related: Over the counter: Interest rate swaps 260,020 247,723 311,403 363,297 Interest rate options 835 5,626 2,148 2,217 260,855 253,349 313,551 365,514 Exchange traded: Interest rate futures 697 595 900 422 261,552 253,944 314,451 365,936 Credit related: Over the counter: Credit swaps 283,015 38,598 273,578 29,682 Equity related: Over the counter: Equity swap and forwards 144,276 39,422 122,034 48,218 Equity options 4,526 9,402 2,750 9,840 148,802 48,824 124,784 58,058 2019 2020 Assets Liabilities Assets Liabilities Exchange traded: Equity futures W 4,318 6,417 34,816 7,711 Equity options 28,355 29,741 77,973 153,461 32,673 36,158 112,789 161,172 181,475 84,982 237,573 219,230 Commodity related: Over the counter: Commodity swaps and forwards 14,496 27,745 5,949 32,693 Exchange traded: Commodity futures and options 2,342 10,100 11,580 186 16,838 37,845 17,529 32,879 Hedge: Currency forwards 14,380 21,121 91,747 10,507 Currency swaps 74,240 48,396 65,256 186,150 Interest rate forwards and swaps 154,586 232,491 319,500 139,846 243,206 302,008 476,503 336,503 W 2,829,274 2,303,012 5,633,915 5,016,567
Gain or loss on valuation of derivatives	(c) Gain or loss on valuation of derivatives for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Foreign currency related Over the counter Currency forwards W 41,188 174,340 (108,854 ) Currency swaps (34,444 ) (24,827 ) 210,072 Currency options 8,247 4,056 4,979 14,991 153,569 106,197 Exchange traded Currency futures 11 — (96 ) 15,002 153,569 106,101 Interest rates related Over the counter Interest rate swaps 86,675 (75,349 ) (73,926 ) Interest rate options (1,459 ) (1,938 ) (372 ) 85,216 (77,287 ) (74,298 ) Exchange traded Interest rate futures (2,512 ) 1,008 4,236 82,704 (76,279 ) (70,062 ) 2018 2019 2020 Credit related Over the counter Credit swaps W (18,396 ) 213,754 7,255 Equity related Over the counter Equity swap and forwards (271,457 ) 46,770 (15,979 ) Equity options 4,326 (841 ) (2,082 ) (267,131 ) 45,929 (18,061 ) Exchange traded Equity futures 15,159 (2,275 ) 26,305 Equity options (44,163 ) 58,721 196,288 (29,004 ) 56,446 222,593 (296,135 ) 102,375 204,532 Commodity related Over the counter Commodity swaps and forwards (79,296 ) 3,191 (13,519 ) Commodity options 33 29 — (79,263 ) 3,220 (13,519 ) Exchange traded Commodity futures 4,209 (7,759 ) 11,374 (75,054 ) (4,539 ) (2,145 ) Hedge 78,892 332,778 120,700 W (212,987) 721,658 366,381
Gain or loss on fair value hedges	i) Gains(losses) on fair value hedged items and hedging instruments attributable to the hedged ineffectiveness for the years ended December 31, 2019 and 2020 are as follows: 2019 Gains (losses) on Gains (losses) on Hedge ineffectiveness Fair value hedges: Interest rate swaps (*1) W (370,787 ) 377,121 6,334 Foreign exchange risk (*1) 13,725 (18,786 ) (5,061 ) W (357,062 ) 358,335 1,273 2020 Gains (losses) on Gains (losses) on Hedge ineffectiveness Fair value hedges: Interest rate swaps (*1) W (228,266 ) 233,008 4,742 Foreign exchange risk (*1) (21,336 ) 12,071 (9,265 ) W (249,602 ) 245,079 (4,523 ) (*1) The related account categories are presented as interest rate swap assets / liabilities and currency swap assets. (*2) Ineffective portion of hedge: the difference between hedging instruments and hedged items.
Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year	ii) Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year, the amounts recognized in the income statement and other comprehensive income are as follows: 2019 Gains (losses) on hedges Hedge ineffectiveness From cash flow hedge Cash flow hedges Interest rate risk (*1) W (11,126 ) — — Foreign exchange risk (*1) 52,932 (25,709 ) (57,870 ) Discontinuation of cash flow hedges (7,986 ) — 7,986 Hedge of net investments Foreign exchange risk (*1) (49,463 ) (2,327 ) — W (15,643 ) (28,036 ) (49,884 ) 2020 Gains (losses) on hedges Hedge ineffectiveness From cash flow hedge Cash flow hedges: Interest rate risk (*1) W (3,220 ) (343 ) — Foreign exchange risk (*1) (16,693 ) (6,539 ) 26,405 Discontinuation of cash flow hedges (45 ) — 45 Hedge of net investments: Foreign exchange risk (*1) 44,049 (2,134 ) — W (9,016) 26,450 (*1) The related account categories are presented as interest rate swap assets / liabilities and currency swap assets / liabilities, currency forwards assets / liabilities and borrowings. (*2) Ineffective portion of hedge: The difference between hedging instruments and hedged items.
Nominal amounts and average hedge ratios for hedging instruments	ii) Nominal amounts and average hedge ratios for hedging instruments as of December 31, 2019 and 2020 are as follows: 2019 Less than 1~2 2~3 3~4 4~5 More than 5 Total Interest risk: Nominal values: W 750,469 704,985 717,948 1,228,424 575,481 6,114,325 10,091,632 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % Exchange risk: Nominal values: 3,651,118 1,075,886 1,269,520 968,770 84,275 534,898 7,584,467 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % 2020 Less than 1~2 2~3 3~4 4~5 More than 5 Total Interest risk: Nominal values: W 657,656 640,992 1,217,588 456,688 247,244 4,624,224 7,844,392 Average price condition (*1) 1.12 % 0.88 % 1.30 % 0.98 % 0.67 % 0.38 % 0.67 % Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % Exchange risk: (*2) Nominal values: 2,340,409 1,448,787 1,734,593 457,199 575,527 250,014 6,806,529 Average hedge ratio: 100 % 100 % 100 % 100 % 100 % 100 % 100 % (*1) Interest rate swaps consist of 3M CD, 3M USD Libor, 3M Euribor, and 3M AUD Bond. (*2) The average exchange rates of net investment hedge instruments are USD/KRW 1,154.76, JPY/KRW 10.61, EUR/KRW 1,287.16, GBP/KRW 1,480.30, AUD/KRW 800.67, CAD/KRW 895.95, SGD/KRW 847.09, CNY/KRW 168.84, SEK/KRW 124.60
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity	iii) Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity 2019 Nominal amount Carrying value Carrying value Changes in fair Fair value hedges Interest rate swap W 9,371,632 154,586 210,079 314,766 Currency swap — — 248 (1,813 ) Currency forward 261,486 776 1,358 (582 ) Cash flow hedge Interest rate swap 720,000 — 22,412 (11,126 ) Currency swap 4,532,114 74,240 48,148 (29,829 ) Currency forward 1,376,472 11,854 19,763 (4,426 ) Hedge of net investments in foreign operations Currency forward 231,560 1,750 — (4,036 ) Borrowings 1,182,835 — 1,177,897 (47,755 ) 2020 Nominal amount Carrying value Carrying value Changes in fair Fair value hedges Interest rate swap W 6,965,492 319,294 120,728 181,151 Currency swap — — 67 985 Currency forward 254,023 20,093 66 24,481 Cash flow hedge Interest rate swap 878,900 206 19,118 3,303 Currency swap 4,328,333 65,256 186,083 (8,560 ) Currency forward 810,322 60,473 — (4,181 ) Hedge of net investments in foreign operations Currency forward 217,600 11,181 10,441 (2,991 ) Borrowings 1,196,252 — 1,193,269 44,907 (*) The related account categories are presented as interest rate swap assets / liabilities and currency forward assets and liabilities.
Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity	iv) Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity 2019 Carrying Carrying Assets of Liabilities of Changes if Cash flow Foreign Fair value hedges Interest rate risk: Borrowings and etc W 432,172 8,859,022 4,846 (56,292 ) (308,463 ) — — Foreign exchange risk Securities in foreign currency 306,638 — — — 1,671 — — Cash flow hedge Interest rate risk: Debentures in won and debentures in foreign currency 645,723 1,740,000 — — (11,126 ) 80,674 — Foreign exchange risk: Debentures in foreign currency and loans in foreign currency 4,116,068 3,035,423 — — 115,867 (11,188 ) — Hedge of net investments in foreign operations Foreign exchange risk: Net assets in foreign business establishment — — — — (49,463 ) — (88,953 ) 2020 Carrying Carrying Assets of Liabilities of Changes if Cash flow Foreign Fair value hedges Interest rate risk: Borrowings and etc W 143,496 6,750,929 6,563 193,452 (175,369 ) — — Foreign exchange risk Securities in foreign currency 342,205 — — — (26,927 ) — — Cash flow hedge Interest rate risk: Debentures in won and debentures in foreign currency 617,463 1,674,460 — — 2,296 60,659 — Foreign exchange risk: Debentures in foreign currency and loans in foreign currency 3,264,740 2,962,041 — — (58,557 ) (32,001 ) — Hedge of net investments in foreign operations Foreign exchange risk: Net assets in foreign business establishment — — — — 44,049 — (141,151 ) (*) The related account categories are presented as interest rate swap assets / liabilities and currency forwards.
Hedge relationships affected by an interest rate index	(f) Hedge relationships affected by an interest rate index The revised Standard requires exceptions to the analysis of future information in relation to the application of hedge accounting, while uncertainty exists due to movements of the interest rate indicator reform. The exception assumes that when assessing whether the expected cash flows that comply with existing interest rate indicators are highly probable, whether there is an economic relationship between the hedged item and the hedging instrument, and whether there is a high hedge effectiveness between the hedged item and the hedging instrument, the interest rate indicators that are based on the hedged item do not change due to the effect of the interest rate index reform. The nominal amount of the hedging instrument related to the interest rate index exposed to the hedging relationship due to the Group’s reform of the interest rate index as of December 31, 2020 is as follows: Interest rate index Carrying amount of Carrying amount of Nominal amount of KRW 3M CD (*1) W — 3,329,530 3,440,000 USD 1M LIBOR — 1,537,051 1,540,608 USD 3M LIBOR (*1) 357,072 3,438,080 3,790,651 EUR 1M LIBOR — 264,074 264,450 EUR 3M LIBOR — 267,648 267,648 (*1) Include nominal amount of the hedging instrument related to the CMS(Constant Maturity Swap) calculated based on the CD and LIBOR rate. (*2) Include the nominal amount that will mature after the end of 2021. From 2022, the USD LIBOR interest rate will be replaced by a Secured Overnight Financing Rate (SOFR) based on actual transactions, andthe EUR LIBOR interest rate will be replaced by the next day’s unsecured rate, Euro Short-Term Rate (ESTER). The Risk-Free

Securities at fair value thro_2

Securities at fair value through other comprehensive income and securities at amortised cost (Tables)	12 Months Ended
	Dec. 31, 2020
Securities at fair value through other comprehensive income and securities at amortized cost [Abstract]
Securities at fair value through other comprehensive income and securities at amortized cost	(a) Details of securities at FVOCI and securities at amortized cost as of December 31, 2019 and 2020 are as follows: 2019 2020 Securities at FVOCI: Debt securities: Government bonds W 17,597,910 19,370,393 Financial institutions bonds 21,527,242 20,053,716 Corporate bonds and others 19,447,942 17,985,324 58,573,094 57,409,433 Equity securities (*): Stocks 728,311 777,901 Equity investments 5,356 4,445 Others 74,292 124,333 807,959 906,679 59,381,053 58,316,112 Securities at amortized cost: Debt securities: Government bonds 30,385,084 31,816,320 Financial institutions bonds 4,770,204 3,835,577 Corporate bonds and others 10,426,777 11,630,726 45,582,065 47,282,623 W 104,963,118 105,598,735 (*) Equity securities in the above table are classified as other comprehensive income—equity securities designated as fair value items, and other comprehensive income and fair value options are exercised for the purpose of holding as required by the policy.
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost	(b) Changes in carrying value of debt securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2019 and 2020 are as follows: 2019 Securities at fair value through other Securities at amortized cost 12-month credit loss Life time credit loss Total 12-month credit loss Life time credit loss Total Beginning allowance W 37,571,814 105,831 37,677,645 28,464,921 22,475 28,487,396 Transfer to 12-month 34,555 (34,555 ) — 20,198 (20,198 ) — Transfer to life time expected credit loss (64,928 ) 64,928 — — — — Transfer to impaired financial asset — — — — — — Purchase 46,847,222 61,410 46,908,632 12,209,898 — 12,209,898 Disposal (16,109,006 ) (10,222 ) (16,119,228 ) — — — Repayment (21,129,182 ) — (21,129,182 ) (6,722,560 ) — (6,722,560 ) Others (*) 230,733 51,702 282,435 322,107 20,995 343,102 Business combination 10,952,792 — 10,952,792 11,273,999 — 11,273,999 Ending balance W 58,334,000 239,094 58,573,094 45,568,563 23,272 45,591,835 2020 Securities at fair value through other Securities at amortized cost 12-month credit loss Life time credit loss Total 12-month credit loss Life time credit loss Total Beginning allowance W 58,334,000 239,094 58,573,094 45,568,563 23,272 45,591,835 Transfer to 12-month 30,233 (30,233 ) — — — — Transfer to life time expected credit loss (83,132 ) 83,132 — — — — Transfer to impaired financial asset — — — — — — Purchase 52,637,678 19,675 52,657,353 7,645,000 — 7,645,000 Disposal (34,969,744 ) (21,247 ) (34,990,991 ) — — — Repayment (17,610,988 ) (12 ) (17,611,000 ) (5,900,311 ) (23,272 ) (5,923,583 ) Others (*) (1,195,749 ) (23,274 ) (1,219,023 ) (20,143 ) — (20,143 ) Ending balance W 57,142,298 267,135 57,409,433 47,293,109 — 47,293,109 (*) Included the effects from changes in foreign exchange rate, amortization of fair value adjustments recognized through business combination accountings.
Changes in allowance for credit loss of securities at fair value through other comprehensive income and securities at amortized cost	(c) Changes in allowance for credit loss of debt securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2019 and 2020 are as follows: 2019 Securities at fair value through Securities at amortized cost 12 months Life time Total 12 months Life time Total Beginning allowance W 25,722 362 26,084 9,243 17 9,260 Transfer to 12 months expected credit loss 33 (33 ) — 4,301 (4,301 ) — Transfer to life time expected credit loss (60 ) 60 — — — — Transfer to impaired financial asset — — — — — — Provision (reversal) 8,403 (2,616 ) 5,787 (3,752 ) 4,295 543 Disposal (5,340 ) (258 ) (5,598 ) — — — Others (*) (1,177 ) 3,140 1,963 (33 ) — (33 ) Ending balance W 27,581 655 28,236 9,759 11 9,770 2020 Securities at fair value through Securities at amortized cost 12 months Life time Total 12 months Life time Total Beginning allowance W 27,581 655 28,236 9,759 11 9,770 Transfer to 12 months expected credit loss 22 (22 ) — — — — Transfer to life time expected credit loss (193 ) 193 — — — — Transfer to impaired financial asset — — — — — — Provision (reversal) 3,480 349 3,829 1,086 (11 ) 1,075 Disposal (9,019 ) (487 ) (9,506 ) — — — Others (*) 622 (10 ) 612 (359 ) — (359 ) Ending balance W 22,493 678 23,171 10,486 — 10,486 (*) Included the effects from changes in foreign exchange rate, debt restructuring, debt-equity swap.
Gain or loss on disposal of securities at fair value through other comprehensive income and securities at amortized cost	(d) Gain or loss on disposal of securities at fair value through other comprehensive income and securities at amortized cost for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Gain on disposal of securities at FVOCI W 159,883 301,920 Loss on disposal of securities at FVOCI (7,605 ) (28,127 ) Gain on disposal of securities at amortized cost (*) 86 42 Loss on disposal of securities at amortized cost (*) (20 ) (67 ) W 152,344 273,768 (*) The issuers of those securities have exercised the early redemption options and the others.
Income or loss on equity securities at fair value through other comprehensive income	(e) Income or loss on equity securities at fair value through other comprehensive income i) The Group recognizes dividends, amounting to W W ii) The details of disposal of equity securities at fair value through other comprehensive income for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Fair value at the date of disposal W 45,074 69,969 Cumulative net gain at the time of disposal (10,843 ) (38,380 )

Loans at amortized cost (Tables

Loans at amortized cost (Tables)	12 Months Ended
	Dec. 31, 2020
Loans at amortized cost and other assets [Abstract]
Loans at amortized cost and other assets	(a) Loans at amortized cost for configuration by customer as of December 31, 2019 and 2020 are as follows: 2019 2020 Household loans W 134,423,473 146,789,916 Corporate loans 161,029,877 179,011,251 Public and other loans 3,311,735 3,734,629 Loans to banks 2,633,532 5,492,400 Credit card receivables 24,024,491 23,759,422 325,423,108 358,787,618 Discount (27,824 ) (21,948 ) Deferred loan origination costs 534,530 516,815 325,929,814 359,282,485 Less: Allowance for credit loss (2,684,835 ) (3,060,966 ) W 323,244,979 356,221,519
Changes in loans at amortized cost and other assets	(b) Changes in carrying value of loans at amortized cost and other assets as of December 31, 2019 and 2020 are as follows: i) Loans at amortized cost 2019 Retail Corporate Credit card Others 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired Total Beginning balance W 114,279,870 6,820,058 348,722 129,468,766 21,782,590 919,381 18,155,156 3,830,509 413,175 5,695,187 605,440 15,686 302,334,540 Transfer (from) to 12 months expected credit losses 2,619,036 (2,614,416 ) (4,620 ) 4,093,725 (4,088,373 ) (5,352 ) 320,288 (320,129 ) (159 ) 37,430 (37,430 ) — — Transfer (from) to lifetime expected credit losses (5,385,659 ) 5,406,091 (20,432 ) (16,484,206 ) 16,597,346 (113,140 ) (603,069 ) 603,280 (211 ) (210,161 ) 210,333 (172 ) — Transfer (from) to credit- impaired financial assets (627,950 ) (43,168 ) 671,118 (1,088,270 ) (76,177 ) 1,164,447 (36,483 ) (22,473 ) 58,956 (39,844 ) — 39,844 — Net increase and decrease (*1) 13,234,263 (1,700,287 ) (222,961 ) 19,326,283 (9,567,098 ) (443,468 ) 1,583,714 33,389 305,336 (315,219 ) (148,875 ) (11,979 ) 22,073,098 Charge off — — (257,742 ) — — (259,400 ) — — (332,862 ) — — (8,718 ) (858,722 ) Disposal — (5,122 ) (108,624 ) (117,453 ) (3,806 ) (283,747 ) — — — — — (18,398 ) (537,150 ) Business combination 2,466,991 7,752 10,431 392,828 17,180 22,866 — — — — — — 2,918,048 Ending balance W 126,586,551 7,870,908 415,892 135,591,673 24,661,662 1,001,587 19,419,606 4,124,576 444,235 5,167,393 629,468 16,263 325,929,814 (*1) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (*2) The amount of uncollected loans currently in recovery (principal and interest) is W ii) Other financial assets 2019 12 month credit loss Life time credit loss Impaired Total Beginning balance W 31,508,694 99,461 32,003 31,640,158 Transfer (from) to 12 month expected credit losses 12,685 (12,675 ) (10 ) — Transfer (from) to lifetime expected credit losses (253,546 ) 253,575 (29 ) — Transfer (from) to credit- impaired financial assets (3,124 ) (5,324 ) 8,448 — Net increase and decrease (*2) 10,746,289 (230,014 ) 25,245 10,541,520 Charge off — — (29,456 ) (29,456 ) Disposal (*3) (182,212 ) (3 ) (1,062 ) (183,277 ) Business combination 1,416,216 1,497 10,826 1,428,539 Ending balance W 43,245,002 106,517 45,965 43,397,484 (*1) The amortized cost includes the gross carrying amount of deposits and other assets. (*2) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc. (*3) Included the disposal amount of financial instruments for the purpose of collecting loans for credit concentration risk management of non-current W i) Loans at amortized cost 2020 Retail Corporate Credit card Others 12 months Life time Impaired 12 months Life time Impaired 12 months Life time Impaired 12 months Life Impaired Total Beginning balance W 126,586,551 7,870,908 415,892 135,591,673 24,661,662 1,001,587 19,419,606 4,124,576 444,235 5,167,393 629,468 16,263 325,929,814 Transfer (from) to 12 months expected credit losses 2,891,847 (2,885,809 ) (6,038 ) 6,009,242 (6,006,226 ) (3,016 ) 351,253 (350,651 ) (602 ) 15,976 (15,976 ) — — Transfer (from) to lifetime expected credit losses (3,916,612 ) 3,944,714 (28,102 ) (9,015,428 ) 9,027,416 (11,988 ) (571,971 ) 572,291 (320 ) (85,337 ) 85,337 — — Transfer (from) to credit- impaired financial assets (189,681 ) (157,637 ) 347,318 (195,863 ) (441,969 ) 637,832 (114,388 ) (191,777 ) 306,165 (3,964 ) (37 ) 4,001 — Net increase and decrease (*1) 13,457,675 (556,142 ) 81,131 20,679,401 (1,030,466 ) 15,944 (115,242 ) (202,750 ) 290,907 3,311,105 (33,596 ) 2,402 35,900,369 Charge off — — (254,723 ) — — (317,514 ) — — (572,008 ) — — (2,531 ) (1,146,776 ) Disposal (313,150 ) (897 ) (89,051 ) (731,001 ) — (264,913 ) — — — — — (1,910 ) (1,400,922 ) Ending balance W 138,516,630 8,215,137 466,427 152,338,024 26,210,417 1,057,932 18,969,258 3,951,689 468,377 8,405,173 665,196 18,225 359,282,485 (*1) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. (*2) The amount of uncollected loans currently in recovery (principal and interest) is W ii) Other financial assets 2020 12 month credit loss Life time credit Impaired Total Beginning balance W 43,245,002 106,517 45,965 43,397,484 Transfer (from) to 12 month expected credit losses 15,157 (15,123 ) (34 ) — Transfer (from) to lifetime expected credit losses (25,839 ) 25,848 (9 ) — Transfer (from) to credit- impaired financial assets (1,628 ) (7,342 ) 8,970 — Net increase and decrease (*2) 8,633,124 (10,001 ) 30,490 8,653,613 Charge off — — (26,814 ) (26,814 ) Disposal — — (910 ) (910 ) Business combination(Note 47) 15,982 — — 15,982 Ending balance W 51,881,798 99,899 57,658 52,039,355 (*1) The amortized cost includes the gross carrying amount of deposits and other assets. (*2) The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc.
Changes in allowances for credit loss of loans at amortized cost and other assets	(c) Changes in allowance for credit loss of loans at amortized cost and other financial assets as of December 31, 2019 and 2020 are as follows: i) Loans at amortized cost 2019 Retail Corporate Credit cards Others 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired Total Beginning balance W 115,295 88,360 156,459 434,793 581,915 519,683 170,242 351,765 280,098 10,670 5,882 9,906 2,725,068 Transfer (from) to 12 months expected credit losses 18,079 (17,592 ) (487 ) 50,720 (48,295 ) (2,425 ) 55,815 (55,712 ) (103 ) 757 (757 ) — — Transfer (from) to lifetime expected credit losses (9,411 ) 17,342 (7,931 ) (35,790 ) 118,605 (82,815 ) (20,607 ) 20,756 (149 ) (159 ) 289 (130 ) — Transfer (from) to credit- impaired financial assets (942 ) (3,739 ) 4,681 (565 ) (13,332 ) 13,897 (1,250 ) (3,916 ) 5,166 — — — — Provision (reversal) (7,751 ) 19,130 214,260 (43,230 ) (31,265 ) 277,436 57,062 280,047 147,332 (4,067 ) 1,907 37 910,898 Charge off — — (257,742 ) — — (259,400 ) — — (332,862 ) — — (8,718 ) (858,722 ) Amortization of discount — — (274 ) — — (19,396 ) — — (5,541 ) — — — (25,211 ) Disposal — (241 ) (21,561 ) (6 ) (245 ) (30,436 ) — — — — — (820 ) (53,309 ) Collection — — 70,319 — — 62,973 — — 190,738 — — 1,876 325,906 Others (*) 2,484 (15,353 ) 4,522 13,810 (76,711 ) (27,910 ) (87,378 ) (227,692 ) 30,171 300 160 — (383,597 ) Business combination 15,658 3,118 6,792 20 614 17,600 — — — — — — 43,802 Ending balance W 133,412 91,025 169,038 419,752 531,286 469,207 173,884 365,248 314,850 7,501 7,481 2,151 2,684,835 (*) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. ii) Other financial assets 2019 12 months credit loss Life time credit loss Impaired Total Beginning balance W 39,927 6,930 24,764 71,621 Transfer (from) to 12 months expected credit losses 458 (453 ) (5 ) — Transfer (from) to lifetime expected credit losses (231 ) 244 (13 ) — Transfer (from) to credit- impaired financial assets (172 ) (2,310 ) 2,482 — Provision 2,822 2,667 28,456 33,945 Charge off — — (29,456 ) (29,456 ) Collection — — 1,873 1,873 Others (*2) (9,738 ) 9 435 (9,294 ) Business combination 921 185 9,054 10,160 Ending balance W 33,987 7,272 37,590 78,849 (*1) The amortized cost includes the gross carrying amount of deposits and other assets. (*2) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. i) Loans at amortized cost 2020 Retail Corporate Credit cards Others 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired 12 month Life time Impaired Total Beginning balance W 133,412 91,025 169,038 419,752 531,286 469,207 173,884 365,248 314,850 7,501 7,481 2,151 2,684,835 Transfer (from) to 12 months expected credit losses 20,082 (19,487 ) (595 ) 67,590 (66,777 ) (813 ) 22,148 (21,591 ) (557 ) 164 (164 ) — — Transfer (from) to lifetime expected credit losses (9,077 ) 18,772 (9,695 ) (49,727 ) 55,512 (5,785 ) (11,568 ) 11,834 (266 ) (242 ) 242 — — Transfer (from) to credit- impaired financial assets (3,247 ) (9,010 ) 12,257 (1,590 ) (52,383 ) 53,973 (901 ) (2,041 ) 2,942 (13 ) (9 ) 22 — Provision (reversal) 5,253 (5,319 ) 199,765 149,400 211,341 265,557 103,793 210,592 137,254 4,188 2,048 6,823 1,290,695 Charge off — — (254,723 ) — — (317,514 ) — — (572,008 ) — — (2,531 ) (1,146,776 ) Amortization of discount — — (5,630 ) — — (15,151 ) — — (7,807 ) — — — (28,588 ) Disposal (343 ) (8 ) (18,605 ) (726 ) — (24,473 ) — — — — — (182 ) (44,337 ) Collection — — 85,819 — — 63,822 — — 200,234 — — 134 350,009 Others (*) 2,954 10,075 20,809 (16,085 ) (13,896 ) (7,579 ) (83,448 ) (189,589 ) 232,048 (164 ) 3 — (44,872 ) Ending balance W 149,034 86,048 198,440 568,614 665,083 481,244 203,908 374,453 306,690 11,434 9,601 6,417 3,060,966 (*) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate. ii) Other financial assets 2020 12 months credit loss Life time credit loss Impaired Total Beginning balance W 33,987 7,272 37,590 78,849 Transfer (from) to 12 months expected credit losses 286 (273 ) (13 ) — Transfer (from) to lifetime expected credit losses (259 ) 264 (5 ) — Transfer (from) to credit- impaired financial assets (256 ) (1,492 ) 1,748 — Provision (reversal) (2,143 ) 2,650 33,278 33,785 Charge off — — (26,814 ) (26,814 ) Disposal (2 ) — (32 ) (34 ) Collection — — 2,166 2,166 Others (*2) 4,078 (140 ) 1,012 4,950 Ending balance W 35,691 8,281 48,930 92,902 (*1) The amortized cost includes the gross carrying amount of deposits and other assets. (*2) Other changes are due to debt restructuring, debt-equity swap and changes in foreign exchange rate.
Changes in deferred loan origination costs	(d) Changes in deferred loan origination costs for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Beginning balance W 497,368 534,530 Loan origination 232,943 257,034 Amortization (208,998 ) (274,749 ) Business combination 13,217 — Ending balance W 534,530 516,815

Property and equipment, net (Ta

Property and equipment, net (Tables)	12 Months Ended
	Dec. 31, 2020
Property and equipment, net [Abstract]
Property and equipment	(a) Details of property and equipment as of December 31, 2019 and 2020 are as follows: 2019 Acquisition Accumulated Carrying Land W 1,815,112 — 1,815,112 Buildings 1,167,514 (377,065 ) 790,449 Right-of-use 1,357,206 (244,410 ) 1,112,796 Others 2,130,805 (1,765,834 ) 364,971 W 6,470,637 (2,387,309 ) 4,083,328 2020 Acquisition Accumulated Carrying Land W 2,219,227 — 2,219,227 Buildings 1,230,187 (419,426 ) 810,761 Right-of-use 1,016,183 (425,766 ) 590,417 Others 2,197,485 (1,828,193 ) 369,292 W (2,673,385) 3,989,697
Changes in property and equipment	(b) Changes in property and equipment for the years ended December 31, 2019 and 2020 are as follows: 2019 Land Buildings Right-of-use Others Total Beginning balance W 1,827,711 852,569 583,576 313,853 3,577,709 Acquisition (*1) 69,045 16,946 805,783 184,630 1,076,404 Disposal (*1) (249 ) (1,719 ) (12,595 ) (29,081 ) (43,644 ) Depreciation — (55,450 ) (298,538 ) (125,669 ) (479,657 ) Amounts transferred from(to) investment property (81,311 ) (23,262 ) — — (104,573 ) Amounts transferred from(to) intangible assets — — — 271 271 Amounts transferred from(to) non-current (410 ) (45 ) — — (455 ) Effects of foreign currency movements 326 1,410 2,981 9,314 14,031 Business combination — — 31,589 11,653 43,242 Ending balance W 1,815,112 790,449 1,112,796 364,971 4,083,328 (*1) W (*2) Included buildings, and land. 2020 Land Buildings Right-of-use Others Total Beginning balance W 1,815,112 790,449 1,112,796 364,971 4,083,328 Acquisition (*1) 78,066 56,828 305,958 140,958 581,810 Disposal (*1) (92,683 ) (46,897 ) (24,173 ) (2,398 ) (166,151 ) Depreciation — (56,041 ) (286,028 ) (133,437 ) (475,506 ) Amounts transferred from(to) investment property 55,316 (51,252 ) — — 4,064 Amounts transferred from(to) intangible assets — — — 3,738 3,738 Amounts transferred from(to) non-current (31,622 ) (11 ) — — (31,633 ) Amounts transferred from(to) right-of-use 395,346 118,091 (513,437 ) — — Others — — — (2,235 ) (2,235 ) Effects of foreign currency movements (308 ) (406 ) (5,380 ) (2,459 ) (8,553 ) Business combination (Note 47) — — 681 154 835 Ending balance W 2,219,227 810,761 590,417 369,292 3,989,697 (*1) W (*2) Included buildings, and land.
Insured assets	(c) Insured assets and liability insurance as of December 31, 2020 are as follows: 2020 Type of insurance Insured assets and objects Amount Insurance company Comprehensive insurance for financial institutions Cash(including W 25,200 Samsung Fire & Marine Insurance Co., Ltd.,etc. Comprehensive Property insurance Property Total Risk, 1,510,644 Samsung Fire & Marine Insurance Co., Ltd., etc. Fire insurance Business property 24,235 Meritz Fire & Marine Insurance Co., Ltd., etc. Compensation liability insurance for officers Officer liability of 110,000 Meritz Fire & Marine Insurance Co., Ltd., etc. Compensation liability insurance for employee accident Employee 71,287 Meritz Fire & Marine Insurance Co., Ltd., etc. Burglary insurance Cash and securities 80,165 Samsung Fire & Marine Insurance Co., Ltd., etc. Others Personal 32,549 Samsung Fire & Marine Insurance Co., Ltd., etc.

Intangible assets, net (Tables)

Intangible assets, net (Tables)	12 Months Ended
	Dec. 31, 2020
Intangible assets, net [Abstract]
Intangible assets	(a) Details of intangible assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Goodwill W 4,690,049 4,689,792 Software 129,235 144,535 Development cost 144,100 183,592 Others 595,330 462,700 W 5,480,619
Changes in intangible assets	(b) Changes in intangible assets for the years ended December 31, 2019 and 2020 are as follows: 2019 Goodwill Software Development Others Total Beginning balance W 3,903,518 102,393 82,536 231,687 4,320,134 Acquisition — 56,834 71,713 675,070 803,617 Disposal — (428 ) (1,310 ) (16,476 ) (18,214 ) Amounts transferred from(to) property and equipment — 697 (968 ) — (271 ) Impairment (*1)(*2) — — (474 ) (151,169 ) (151,643 ) Amortization (*3) — (40,578 ) (37,832 ) (189,533 ) (267,943 ) Effects of foreign currency movements — 848 — 901 1,749 Business combination 786,531 9,469 30,435 44,850 871,285 Ending balance W 4,690,049 129,235 144,100 595,330 5,558,714 (*1) The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2019, the impairment loss amounted to W non-operating (*2) Memberships were impaired. Memberships such as golf and condominium memberships are intangible assets that cannot be limited to a specific period of time. If the market value of the exchanges is less than the carrying amount as of December 31, 2019, the impairment loss is recognized. (*3) Included in general administrative expense and other operating income of the consolidated statements of comprehensive income. 2020 Goodwill Software Development Others Total Beginning balance W 4,690,049 129,235 144,100 595,330 5,558,714 Acquisition — 64,195 105,101 64,079 233,375 Disposal — (1 ) (75 ) (26,785 ) (26,861 ) Amounts transferred from(to) property and equipment — 1,415 (7,820 ) 2,667 (3,738 ) Impairment (*1)(*2) (14,235 ) — — (27,075 ) (41,310 ) Amortization (*3) — (49,159 ) (57,690 ) (145,756 ) (252,605 ) Effects of foreign currency movements — (1,150 ) (24 ) (222 ) (1,396 ) Business combination (Note 47) 13,978 — — 462 14,440 Ending balance W 4,689,792 144,535 183,592 462,700 5,480,619 (*1) The number of customer contacts decreased due to the decrease in the base interest rate in Indonesia in 2020 and the impact of COVID-19. W W W (*2) The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2020, the impairment loss amounted to W non-operating (*3) Included in general administrative expense and other operating income of the consolidated statements of comprehensive income.
Goodwill allocated in the Group's CGUs	i) Goodwill allocated in the Group’s CGUs as of December 31, 2019 and 2020 2019 2020 Banking W 810,058 795,823 Credit card 2,880,383 2,880,383 Securities 7,904 7,904 Life insurance (Shinhan Life Insurance Co., Ltd.) 275,371 275,371 Life insurance (Orange Life Insurance Co., Ltd.) 564,576 564,576 Others 151,757 165,735 W 4,690,049 4,689,792
Changes in goodwill	ii) Changes in goodwill for the years ended December 31, 2019 and 2020 2019 2020 Beginning balance W 3,903,518 4,690,049 Acquisitions through business combinations (*1)(*2) 786,531 13,978 Impairment losses — (14,235 ) Ending balance W 4,690,049 4,689,792 (*1) It is the goodwill recognized by the Group as it newly acquired the Neoflux Co., Ltd. (Note 47) (*2) It is the goodwill recognized by the Group as it newly acquired the Orange Life Insurance Co., Ltd. (“Orange Life”), Asia Trust Co., and the Shinhan Card’s acquisition of the new business for the year ended December 31, 2019.
Discount rates and terminal growth rates	• Discount rates and terminal growth rates applied to each CGU are as follows: Discount rate(%) Terminal growth rate(%) Banking 9.3~13.1 1.0~2.0 Credit card 8.4~12.9 1.0~2.0 Securities 12.3~13.0 2.0 Life insurance (Shinhan Life Insurance) 7.0 — Life insurance (Orange Life Insurance Co., Ltd.) 7.0 — Others 10.9~13.5 1.0
Key assumptions	iv) Key assumptions Key assumptions used in the discounted cash flow calculations of CGUs (other than life insurance components) are as follows: 2020 2021 2022 2023 2024 2025 CPI growth(%) 0.4 1.2 1.8 1.7 1.7 1.7 Private consumption growth(%) (3.2 ) 2.6 2.8 2.6 2.4 2.4 Real GDP growth(%) (1.8 ) 2.6 2.9 2.7 2.7 2.7 Key assumptions used in the discounted cash flow calculations of life insurance components are as follows: Key assumptions Rate of return on investment(%) 2.4~2.8 Risk-based capital ratio(%) 150.0
Total recoverable amount and total carrying value of CGUs to which goodwill has been allocated	v) Total recoverable amount and total carrying value of CGUs to which goodwill has been allocated, are as follows: Amount Total recoverable amount W 49,034,706 Total carrying value (*1) 43,690,747 W 5,343,959 (*1) It is the carrying amount after reflecting the impairment loss in the banking sector. (*2) The goodwill that the fair value assessment of the intangible asset identification and identification assets for allocation of the consideration for Neoplux Co., Ltd. is excluded because the valuations are not completed(Note 47).

Investments in associates (Tabl

Investments in associates (Tables)	12 Months Ended
	Dec. 31, 2020
Investments in associates [Abstract]
Investments in associates	(a) Investments in associates as of December 31, 2019 and 2020 are as follows: Investees Country Date of financial Ownership (%) 2019 2020 BNP Paribas Cardif Life Insurance (*1)(*2) Korea September 30 14.99 14.99 Songrim Partners (*1)(*3) Korea December 31 35.34 35.34 Neoplux Technology Valuation Investment Fund (*11) Korea — 33.33 — Partners 4th Growth Investment Fund (*1) Korea September 30 25.00 25.00 KTB Newlake Global Healthcare PEF (*1) Korea September 30 30.00 30.00 Daekwang Semiconductor Co., Ltd. (*1)(*3) Korea September 30 20.94 20.94 Shinhan-Neoplux Energy Newbiz Fund Korea December 31 23.33 31.66 Shinhan-Albatross tech investment Fund (*4) Korea December 31 50.00 49.97 Plutus-SG Korea — 26.67 — Eum Private Equity Fund No.3 Korea December 31 20.76 20.76 KTB Confidence Private Placement (*6) Korea — 31.43 — Meritz AI-SingA330-A Korea December 31 23.89 23.89 Meritz AI-SingA330-B Korea December 31 20.16 20.16 VOGO Debt Strategy Qualified INV Private Korea December 31 20.00 20.00 Shinhan-Midas Donga Secondary Fund (*5) Korea December 31 50.00 50.00 ShinHan – Soo Young Entrepreneur Investment Fund No.1 Korea December 31 24.00 24.00 Synergy-Shinhan Mezzanine New Technology Investment Fund (*6) Korea — 47.62 — Shinhan Praxis K-Growth Korea December 31 18.87 18.87 Credian Healthcare Private Equity Fund II Korea December 31 34.07 34.07 Kiwoom Milestone Professional Private Real Estate Trust 19 Korea December 31 50.00 50.00 AIP EURO Green Private Real Estate Trust No.3 Korea December 31 21.28 21.28 Hanhwa US Equity Strategy Private Real Estate Fund No.1 Korea December 31 44.84 44.84 Shinhan Global Healthcare Fund 1 (*8) Korea December 31 4.41 4.41 JB Power TL Investment Type Private Placement Special Asset Fund 7 Korea December 31 33.33 33.33 IBK AONE convertible 1 (*6) Korea — 47.25 — Rico synergy collabo Multi-Mezzanine Korea — 50.03 — KB NA Hickory Private Special Asset Fund Korea December 31 37.50 37.50 Investees Country Date of financial Ownership (%) 2019 2020 Koramco Europe Core Private Placement Real Estate Fund No.2-2 Korea December 31 44.02 44.02 BNP Paribas Cardif General Insurance (*1)(*2) Korea September 30 10.00 7.46 Axis Global Growth New Technology Investment Association (*6) Korea — 31.85 — Hermes Private Investment Equity Fund Korea December 31 29.17 29.17 SHC ULMUS Fund No.1 (*6) Korea — 29.41 — Shinhan-Nvestor Liquidity Solution Fund Korea December 31 24.92 24.92 Shinhan AIM FoF Fund 1a Korea December 31 25.00 25.00 IGIS Global Credit Fund 150-1 Korea December 31 25.00 25.00 GX Shinhan Intervest 1st Private Equity Fund (*6) Korea — 25.27 — Soo Commerce Platform Growth Fund Korea December 31 24.62 24.62 Partner One Value up I Private Equity Fund Korea December 31 27.91 27.91 Genesis No.1 Private Equity Fund Korea December 31 22.80 22.80 GMB ICT New Technology Investment Fund (*6) Korea — 26.75 — Korea Omega Project Fund III Korea December 31 23.53 23.53 Soo Delivery Platform Growth Fund Korea December 31 30.00 30.00 Genesis North America Power Company No.1 PEF Korea December 31 39.92 39.96 Hyungje art printing (*1)(*3) Korea December 31 31.54 31.54 SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Korea December 31 23.33 23.33 Shinhan-Rhinos 1 Fund Korea December 31 22.48 22.48 Pacific Private Investment Trust No.20 Korea December 31 21.74 21.74 Susung Mezzanine project P1 Private Investment Trust Korea December 31 41.18 41.31 Korea Finance Security (*1)(*8) Korea September 30 14.91 14.91 Multimedia Tech Co.Ltd (*1)(*3) Korea December 31 21.06 21.06 MIEL CO.,LTD (*1)(*3) Korea December 31 28.77 28.77 AIP Transportation Specialized Privately Placed Fund Trust #1 Korea December 31 35.73 35.73 DB Epic Convertiblebond Private Trust No.2 (*7)(*9) Korea December 31 50.00 50.98 PCC S/W 2nd Fund (*6) Korea — 29.56 — E&Healthcare Investment Fund No.6 Korea December 31 20.37 21.05 One Shinhan Global Fund1 (*4)(*8) Korea December 31 19.98 19.96 Kiwoom-Shinhan Innovation Fund I (*5) Korea December 31 50.00 50.00 Daishin-K&T Korea December 31 31.25 31.25 Midas Asset Global CRE Debt Private Fund No.6 Korea December 31 20.05 41.16 Richmond Private Investment Trust No.82 (*7) Korea December 31 60.00 60.00 Tiger Alternative Real Estate Professional Private5 Korea December 31 48.71 48.71 Samchully Midstream Private Placement Special Asset Fund 5-4 Korea December 31 42.92 42.92 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 Korea December 31 20.00 20.00 AUCTUS FITRIN Corporate Recovery Private Equity Fund (*6) Korea — 21.43 — Investees Country Date of financial Ownership (%) 2019 2020 NH-Amundi Korea December 31 30.00 30.00 Pacific Private Real Estate Fund Investment Trust No.30 (*6) Korea — 37.50 — Jarvis Memorial Private Investment Trust 1 (*7) Korea December 31 99.01 99.01 Mastern Private Private Invetstment Trust 68 (*7) Korea December 31 53.76 53.76 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 (*7) Korea December 31 60.00 60.00 Milestone Private Real Estate Fund 3 (Derivative Type) Korea December 31 32.06 32.06 IGIS Private Real Estate Investment Trust 286 Korea December 31 41.56 41.44 Nomura-Rifa Private Real Estate Investment Trust 31 Korea December 31 31.31 31.31 Lime Pricing Private Equity Fund (*6) Korea — 25.85 — SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 Korea December 31 21.27 21.27 DS Solid.II Hedge Fund (*6) Korea — 27.41 — Hana Semiconductor New Technology Fund Korea December 31 24.30 24.30 J&Magnet Startup Venture Specialized Private Equity Fund Korea December 31 24.39 24.39 Cape IT Fund No.3 Korea December 31 32.89 32.89 FuturePlay-Shinhan TechInnovation Fund 1 (*5) Korea December 31 50.00 50.00 Stonebridge Corporate 1st Fund Korea December 31 44.12 44.12 Vogo Realty Partners Private Real Estate Fund V Korea December 31 21.64 21.64 IL GU FARM CO.,LTD (*6) Korea — 28.47 — Korea Credit Bureau (*1)(*8) Korea September 30 9.00 9.00 Goduck Gangil1 PFV Co., Ltd (*1)(*8) Korea September 30 1.04 1.04 SBC PFV Co., Ltd (*1)(*10) Korea September 30 25.00 25.00 Sprott Global Renewable Private Equity Fund II (*6) Korea — 23.10 — NH-amundi Korea December 31 50.00 50.00 IMM Global Private Equity Fund Korea December 31 31.85 33.00 HANA Alternative Estate Professional Private122 (*7) Korea December 31 75.19 75.19 Hanwha-Incus Plus New Technology Fund No.1 Korea December 31 42.64 42.64 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] Korea December 31 45.96 45.96 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust (*12) Korea December 31 57.50 72.39 PSA EMP Private Equity Fund Korea December 31 28.99 28.99 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 (*7) Korea December 31 52.28 52.28 SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF] Korea — 25.70 — SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF] Korea — 25.42 — BRAIN DO PROFESSIONALE PRIVATE No. 27 Korea December 31 29.13 29.13 VISION US Muni US Local Debt Opportunities Professional Private1 (*11) Korea — 25.00 — Investees Country Date of financial Ownership (%) 2019 2020 UI Venture Fund 7th (*5) Korea December 31 — 24.39 Sparklabs-Shinhan Opportunity Fund 1 (*5) Korea December 31 — 49.50 BNW Tech-Innovation Private Equity Fund (*5) Korea December 31 — 29.85 IGIS Real-estate Private Investment Trust No.33 Korea December 31 — 40.86 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust Korea December 31 — 31.58 WWG Global Real Estate Investment Trust no.4 Korea December 31 — 29.55 Fidelis Global Private Real Estate Trust No.2 (*7) Korea December 31 — 78.26 IGIS PRIVATE REAL ESTATE TRUST NO.331 Korea December 31 — 30.77 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 Korea December 31 — 28.70 Pebblestone CGV Private Real Estate Trust No.1 Korea December 31 — 48.53 Shinhan AIM Real Estate Fund No.2 Korea December 31 — 30.00 Shinhan AIM Real Estate Fund No.1 Korea December 31 — 21.01 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business] Korea December 31 — 22.02 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business] Korea December 31 — 29.19 SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) Korea December 31 — 71.43 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative] Korea December 31 — 30.00 Korea Omega-Shinhan Project Fund I (*5) Korea December 31 — 50.00 New Green Shinhan Mezzanine Fund (*5) Korea December 31 — 39.22 KORAMKO-Daum Professional Private Investment Trust No.12 Korea December 31 — 33.33 Samsung SRA Real Estate Professional Private 45[FoFs] Korea December 31 — 25.00 IBK Global New Renewable Energy Special Asset Professional Private2 Korea December 31 — 28.98 VS Cornerstone Fund Korea December 31 — 41.18 Aone Mezzanine Opportunity Professional Private (*7) Korea December 31 — 66.12 KiwoomUnicorn3New Technology Business Investment Fund Korea December 31 — 21.28 Multi Asset The United States Thortons Professional Private1 Korea December 31 — 25.00 Kiwoom Milestone US Real Estate Professional Private20 (*7) Korea December 31 — 75.27 NH-Amundi Korea December 31 — 25.91 KB Distribution Private Real Estate1 (*7) Korea December 31 — 62.00 Investees Country Date of financial Ownership (%) 2019 2020 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business] Korea December 31 — 28.93 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative] Korea December 31 — 30.00 Kakao-Shinhan 1st TNYT Fund (*5) Korea December 31 — 48.62 IMM Special Situation 1-2 Korea December 31 — 20.02 Pacific Private Placement Real Estate Fund No.40 Korea December 31 — 24.73 Mastern Private Real Estate Loan Fund No.2 Korea December 31 — 33.57 LB Scotland Amazon Fulfillment Center Fund 29 (*7) Korea December 31 — 70.14 JR AMC Hungary Budapest Office Fund 16 Korea December 31 — 32.57 IGIS 372 Real Estate Professional Private Korea December 31 — 28.39 KoFC-Neoplux R&D-Biz 2013-1 Korea December 31 — 19.00 Future-Creation Neoplux Venture Capital Fund (*4) Korea December 31 — 16.25 Gyeonggi-Neoplux Superman Fund (*4) Korea December 31 — 21.76 NewWave 6th Fund (*4) Korea December 31 — 30.00 Neoplux No.3 Private Equity Fund (*4) Korea December 31 — 10.00 PCC Amberstone Private Equity Fund I Korea December 31 — 21.67 KIAMCO POWERLOAN TRUST 4TH Korea December 31 — 47.37 Mastern Opportunity Seeking Real Estate Fund II Korea December 31 — 20.00 AION ELFIS PROFESSIONAL PRIVATE 1 Korea December 31 — 20.00 T&F 2020 SS Private Equity Fund Specializing in Start-up Korea December 31 — 29.68 Neoplux Market-Frontier Secondary Fund (*4) Korea December 31 — 19.74 Synergy Green New Deal 1st New Technology Business Investment Fund Korea December 31 — 28.17 KAIM Real-estate Private Investment Trust 20 Korea December 31 — 38.46 KIAMCO Vietnam Solar Special Asset Private Investment Trust Korea December 31 — 50.00 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 (*7) Korea December 31 — 62.50 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 Korea December 31 — 97.85 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 Korea December 31 — 97.85 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Korea December 31 — 25.00 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 (*7) Korea December 31 — 58.82 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 Korea December 31 — 30.00 Investees Country Date of financial Ownership (%) 2019 2020 Eum Private Equity Fund No.7 Korea December 31 — 21.00 Kiwoom Private Equity Ant-Man Korea December 31 — 25.00 Kiwoom Hero No.4 Private Equity Fund Korea December 31 — 21.05 Vogo Canister Professional Trust Private Fund I Korea December 31 — 36.68 (*1) The latest financial statements are used for the equity method since the financial statements as of December 31, 2020 are not available. Significant trades and events occurred within the period are properly reflected. (*2) The Group applies the equity method accounting as the Group has a significant influence on the investees through important business transactions. (*3) As a part of the rehabilitation process, the Group acquired shares through the conversion of equity investments, as the Group cannot exercise voting rights during the process, the Group has classified the shares as investments at fair value through profit or loss. The Group reclassified Securities at fair value through profit or loss to investments in associates as the reorganization procedures are completed and now the Group can normally exercise its voting rights to the investees. (*4) As a managing partner, the Group has a significant influence over the investees. (*5) As a limited partner, the Group does not have an ability to participate in policy-making processes to obtain economic benefit from the investees that would allow the Group to control the entity. (*6) Excluded from the investments in associates due to full or partial disposal of shares, or loss of significant influence. (*7) Although the ownership interests are more than 50%, the Group applies the equity method accounting as the Group does not have an ability to participate in the financial and operating policy-making process. (*8) Although the ownership percentages are less than 20%, the Group applies the equity method accounting since it participates in policy-making processes and therefore can exercise significant influence on investees. (*9) For the year ended December 31, 2020, the name is changed from ‘Lime Neptune Professional Private 6’ to ‘DB Epic Convertible bond Private Trust No.2’. (*10) The rate of Group’s voting rights is 4.65%. (*11) For the year ended December 31, 2020, it is incorporated into the consolidation target as it held control due to increased equity ratio. (*12) It has a significant influence with a 50% or more stake. However, the full payment guarantee for the investment does not expose the variable profit. Therefore, the investment amount is classified as an investment assets in the associates.
Changes in investments in associates	(b) Changes in investments in associates for the years ended December 31, 2019 and 2020 are as follows: 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance BNP Paribas Cardif Life Insurance W 49,816 (373 ) (517 ) 3,660 — 52,586 Songrim Partners. (*1) — — — — — — Neoplux Technology Valuation Investment Fund 18,738 (1,661 ) (693 ) — — 16,384 Partners 4th Growth Investment Fund 16,612 (1,219 ) (476 ) — — 14,917 KTB Newlake Global Healthcare PEF 9,885 1,500 (105 ) — — 11,280 Daekwang Semiconductor Co., Ltd. 3,334 — 52 2 — 3,388 Shinhan-Neoplux Energy Newbiz Fund 3,974 4,200 (294 ) — — 7,880 Shinhan-Albatross tech investment Fund 8,908 — 132 (306 ) — 8,734 KCLAVIS Meister Fund No.17 3,083 (1,801 ) (84 ) — — 1,198 Plutus-SG 4,252 (132 ) 111 — — 4,231 SG ARGES Private Equity Fund No.1 4,341 (4,796 ) 455 — — — Eum Private Equity Fund No.3 4,889 (2,476 ) 1,161 — — 3,574 KTB Confidence Private Placement 5,302 (215 ) 980 — — 6,067 Meritz AI-SingA330-A 5,432 (1,266 ) 90 — — 4,256 Meritz AI-SingA330-B 8,429 242 245 — — 8,916 VOGO Debt Strategy Qualified INV Private R/E INV TR 4 4,831 4,820 279 — — 9,930 Platform Partners brick save Private Investment trust 8,120 (8,197 ) 77 — — — Shinhan-Midas Donga Secondary Fund 2,061 1,750 (325 ) — — 3,486 ShinHan – Soo Young Entrepreneur Investment Fund No.1 2,554 1,968 27 — — 4,549 Synergy-Shinhan Mezzanine New Technology Investment Fund 10,149 (6,492 ) 255 — — 3,912 Shinhan Praxis K-Growth 16,527 (8,745 ) 2,520 — — 10,302 Credian Healthcare Private Equity Fund II 4,553 (2,526 ) 350 — — 2,377 Kiwoom Milestone Professional Private Real Estate Trust 19 10,419 (241 ) 229 — — 10,407 AIP EURO Green Private Real Estate Trust No.3 20,544 (1,248 ) 1,588 — — 20,884 Brain Professional Private Trust No.4 5,244 (5,175 ) (69 ) — — — 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Hanhwa US Equity Strategy Private Real Estate Fund No.1 W 26,232 (1,866 ) 1,598 — — 25,964 Brain KS Qualified Privately Placed Fund No.6 5,097 (5,041 ) (56 ) — — — Shinhan Global Healthcare Fund 1 3,285 — (76 ) — — 3,209 JB Power TL Investment Type Private Placement Special Asset Fund 7 17,484 (1,513 ) 829 — — 16,800 IBK AONE convertible 1 5,906 — 171 — — 6,077 Rico synergy collabo Multi-Mezzanine 3 5,290 (2,501 ) 428 — — 3,217 KB NA Hickory Private Special Asset Fund 34,360 445 1,125 — — 35,930 GB Professional Private Investment Trust 6 8,588 (8,588 ) — — — — Koramco Europe Core Private Placement Real Estate Fund No.2-2 18,616 (1,458 ) 2,404 — — 19,562 SHBNPP Private Korea Equity Long-Short Professional Feeder 14,370 (14,325 ) (45 ) — — — Shinhan-Stonebridge Petro PEF 18,681 (19,589 ) 909 — — 1 BNP Paribas Cardif General Insurance 3,423 — (1,296 ) (14 ) — 2,113 Axis Global Growth New Technology Investment Association 4,875 (1,592 ) (78 ) — — 3,205 Polaris No7 Start up and Venture Private Equity Fund 4,338 (2,300 ) 265 — — 2,303 Hermes Private Investment Equity Fund 7,065 — (689 ) — — 6,376 SHC ULMUS Fund No.1 2,890 — 259 — — 3,149 Shinhan-Nvestor Liquidity Solution Fund 2,689 2,700 (524 ) — — 4,865 Shinhan AIM FoF Fund 1a 4,351 2,363 528 — — 7,242 Daishin Heim Qualified Investor Private Investment Trust No.1808 10,126 (10,297 ) 171 — — — Heungkuk High Class Professional Trust Private Fund 37 9,438 (9,505 ) 67 — — — IGIS Global Credit Fund 150-1 8,896 781 41 — — 9,718 GX Shinhan Intervest 1st Private Equity Fund 31,831 — 1,335 — — 33,166 Soo Commerce Platform Growth Fund 6,378 — (35 ) — — 6,343 Partner One Value up I Private Equity Fund 11,939 — (48 ) — — 11,891 Genesis No.1 Private Equity Fund 45,758 404 4,988 — — 51,150 GMB ICT New Technology Investment Fund 7,934 — (80 ) — — 7,854 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Korea Omega Project Fund III W 1,992 — 1,024 — — 3,016 Soo Delivery Platform Growth Fund 8,983 (171 ) 110 — — 8,922 Genesis North America Power Company No.1 PEF 20,824 (4,035 ) 1,486 — — 18,275 Hyungje art printing (*1) — — — — — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 6,204 14,147 361 — — 20,712 Shinhan-Rhinos 1 Fund — 3,000 29 — — 3,029 Pacific Private Investment Trust No.20 — 3,819 257 — — 4,076 Susung Mezzanine project P1 Private Investment Trust — 4,000 1,128 — — 5,128 Korea Finance Security (*2) — 3,448 (213 ) — — 3,235 MIEL CO.,LTD (*3) — — — — — — AIP Transportation Specialized Privately Placed Fund Trust #1 — 31,136 444 — — 31,580 Lime Neptune Professional Private 6 — 5,000 63 — — 5,063 PCC S/W 2nd Fund — 3,000 1 — — 3,001 E&Healthcare Investment Fund No.6 — 7,030 746 — — 7,776 One Shinhan Global Fund 1 — 4,520 (79 ) — — 4,441 Kiwoom-Shinhan Innovation Fund I — 7,500 (216 ) — — 7,284 Daishin-K&T — 7,000 57 — — 7,057 Midas Asset Global CRE Debt Private Fund No.6 — 23,194 537 — — 23,731 Richmond Private Investment Trust No.82 — 14,569 551 — — 15,120 Tiger Alternative Real Estate Professional Private5 — 19,876 (56 ) — — 19,820 Samchully Midstream Private Placement Special Asset Fund 5-4 — 29,436 1,306 — — 30,742 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 — 52,048 1,783 — — 53,831 AUCTUS FITRIN Corporate Recovery Private Equity Fund — 14,250 108 — — 14,358 NH-Amundi — 17,769 728 — — 18,497 Pacific Private Real Estate Fund Investment Trust No.30 — 14,236 580 — — 14,816 Jarvis Memorial Private Investment Trust 1 — 9,888 278 — — 10,166 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Mastern Private Private Investment Trust 68 W — 9,764 235 — — 9,999 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 — 4,434 (37 ) — — 4,397 Milestone Private Real Estate Fund 3 (Derivative Type) — 17,016 170 — — 17,186 IGIS Private Real Estate Investment Trust 286 (2 class) — 10,100 (332 ) — — 9,768 Nomura-Rifa Private Real Estate Investment Trust 31 (2 class) — 9,018 (104 ) — — 8,914 Lime Pricing Private Equity Fund — 8,400 (100 ) — — 8,300 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 — 39,376 2,615 — — 41,991 DS Solid.II Hedge Fund — 4,300 (177 ) — — 4,123 Hana Semiconductor New Technology Fund — 13,000 (144 ) — — 12,856 J&Magnet Startup Venture Specialized Private Equity Fund — 6,000 (21 ) — — 5,979 Cape IT Fund No.3 — 10,000 (33 ) — — 9,967 Vogo Realty Partners Private Real Estate Fund V — 10,611 (235 ) — — 10,376 IL GU FARM CO.,LTD — — — — — — Korea Credit Bureau (*2) — 4,500 2,312 — — 6,812 SBC PFV Co., Ltd — 20,000 — — — 20,000 Sprott Global Renewable Private Equity Fund II — 20,131 (1,115 ) — — 19,016 NH-amundi — 49,530 (1,372 ) — — 48,158 IMM Global Private Equity Fund — 28,945 (20 ) — — 28,925 HANA Alternative Estate Professional Private122 — 28,487 (2,282 ) — — 26,205 Hanwha-Incus Plus New Technology Fund No.1 — 5,500 (1 ) — — 5,499 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] — 51,293 — — — 51,293 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust — 146,045 4,272 — — 150,317 PSA EMP Private Equity Fund — 10,000 (73 ) — — 9,927 2019 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 W — 28,314 1,149 — — 29,463 SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF] — 5,727 — — — 5,727 SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF] — 5,729 — — — 5,729 BRAIN DO PROFESSIONALE PRIVATE No. 27 — 3,000 65 — — 3,065 VISION US Muni US Local Debt Opportunities Professional Private1(S) — 9,500 369 — — 9,869 Others 81,490 (14,513 ) 18,954 — — 85,931 W 724,902 53,287 3,342 — 1,452,861 (*1) The Group has stopped recognizing its equity method income or loss due to the carrying amount of ‘0’ resulting from the investees’ cumulative loss. (*2) Classified as investments in associates without cash transactions. (*3) No gains or losses from the equity method investees have been recognized after the acquisition of a debt-equity swap in 2019. 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance BNP Paribas Cardif Life Insurance W 52,586 — (928 ) (1,058 ) — 50,600 Songrim Partners (*1) — — — — — — Neoplux Technology Valuation Investment Fund (*3) 16,384 (16,171 ) (213 ) — — — Partners 4th Growth Investment Fund 14,917 (4,474 ) 1,515 — — 11,958 KTB Newlake Global Healthcare PEF 11,280 (1,950 ) 74 — — 9,404 Daekwang Semiconductor Co., Ltd. 3,388 — 243 — — 3,631 Shinhan-Neoplux Energy Newbiz Fund (*4) 7,880 5,887 703 — — 14,470 Shinhan-Albatross tech investment Fund 8,734 4,650 (62 ) — — 13,322 Plutus-SG 4,231 (5,230 ) 999 — — — Eum Private Equity Fund No.3 3,574 (5,621 ) 2,050 — — 3 KTB Confidence Private Placement 6,067 (6,063 ) (4 ) — — — 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Meritz AI-SingA330-A W 4,256 (772 ) (3,484 ) — — — Meritz AI-SingA330-B 8,916 (48 ) (8,868 ) — — — VOGO Debt Strategy Qualified INV Private 9,930 (1,700 ) 472 — — 8,702 Shinhan-Midas Donga Secondary Fund 3,486 1,150 116 — — 4,752 ShinHan – Soo Young Entrepreneur Investment Fund No.1 4,549 1,495 3,924 — — 9,968 Synergy-Shinhan Mezzanine New Technology Investment Fund 3,912 (4,406 ) 494 — — — Shinhan Praxis K-Growth 10,302 78 (435 ) — — 9,945 Credian Healthcare Private Equity Fund II 2,377 (4,937 ) 8,395 — — 5,835 Kiwoom Milestone Professional Private Real Estate Trust 19 10,407 (265 ) (224 ) — — 9,918 AIP EURO Green Private Real Estate Trust No.3 20,884 (1,189 ) 1,326 — — 21,021 Hanhwa US Equity Strategy Private Real Estate Fund No.1 25,964 (26,907 ) 3,220 — — 2,277 Shinhan Global Healthcare Fund 1 3,209 — 128 — (3,337 ) — JB Power TL Investment Type Private Placement Special Asset Fund 7 16,800 (1,359 ) 745 — — 16,186 IBK AONE convertible 1 6,077 (6,048 ) (29 ) — — — Rico synergy collabo Multi-Mezzanine 3 3,217 (3,221 ) 4 — — — KB NA Hickory Private Special Asset Fund 35,930 (2,609 ) 1,617 — — 34,938 Koramco Europe Core Private Placement Real Estate Fund No.2-2 19,562 (1,330 ) 386 — — 18,618 BNP Paribas Cardif General Insurance 2,113 3,066 (1,244 ) (40 ) — 3,895 Axis Global Growth New Technology Investment Association 3,205 (2,920 ) (285 ) — — — Hermes Private Investment Equity Fund 6,376 — (277 ) — — 6,099 SHC ULMUS Fund No.1 3,149 (3,289 ) 140 — — — Shinhan-Nvestor Liquidity Solution Fund 4,865 (1,004 ) 632 — — 4,493 Shinhan AIM FoF Fund 1a 7,242 1,324 194 — — 8,760 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance IGIS Global Credit Fund 150-1 W 9,718 (4,002 ) 1,566 — — 7,282 GX Shinhan Intervest 1st Private Equity Fund 33,166 (54,515 ) 21,349 — — — Soo Commerce Platform Growth Fund 6,343 (8,474 ) 3,278 — — 1,147 Partner One Value up I Private Equity Fund 11,891 (20 ) (92 ) — — 11,779 Genesis No.1 Private Equity Fund 51,150 388 28,575 — — 80,113 GMB ICT New Technology Investment Fund 7,854 (7,853 ) (1 ) — — — Korea Omega Project Fund III 3,016 — 547 — — 3,563 Soo Delivery Platform Growth Fund 8,922 (7,929 ) 3,075 — — 4,068 Genesis North America Power Company No.1 PEF 18,275 (3,869 ) 2,577 — — 16,983 Hyungje art printing (*1) — — — — — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 20,712 (10,794 ) 664 — — 10,582 Shinhan-Rhinos 1 Fund 3,029 (1,004 ) 574 — — 2,599 Pacific Private Investment Trust No.20 4,076 (1,289 ) 212 — — 2,999 Susung Mezzanine project P1 Private Investment Trust 5,128 (3,613 ) (170 ) — — 1,345 Korea Finance Security 3,235 — (180 ) — — 3,055 Multimedia Tech Co.Ltd (*1) 19 — (19 ) — — — MIEL CO.,LTD (*1) — — — — — — AIP Transportation Specialized Privately Placed Fund Trust #1 31,580 1,366 47 — — 32,993 DB Epic Convertiblebond Private Trust No.2 5,063 202 520 — — 5,785 PCC S/W 2nd Fund 3,001 (3,328 ) 327 — — — E&Healthcare Investment Fund No.6 7,776 — 7,387 — — 15,163 One Shinhan Global Fund1 4,441 — (412 ) — — 4,029 Kiwoom-Shinhan Innovation Fund I 7,284 7,500 1,185 — — 15,969 Daishin-K&T 7,057 — (57 ) — — 7,000 Midas Asset Global CRE Debt Private Fund No.6 23,731 21,537 2,121 — — 47,389 Richmond Private Investment Trust No.82 15,120 (855 ) 784 — — 15,049 Tiger Alternative Real Estate Professional Private5 19,820 (1,376 ) 55 — — 18,499 Samchully Midstream Private Placement Special Asset Fund 5-4 30,742 (968 ) (956 ) — — 28,818 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 W 53,831 9,253 2,532 — — 65,616 AUCTUS FITRIN Corporate Recovery Private Equity Fund 14,358 (14,484 ) 126 — — — NH-Amundi 18,497 (460 ) 782 — — 18,819 Pacific Private Real Estate Fund Investment Trust No.30 (*3) 14,816 (15,374 ) 558 — — — Jarvis Memorial Private Investment Trust 1 10,166 (763 ) 640 — — 10,043 Mastern Private Private Invetstment Trust 68 9,999 (460 ) 471 — — 10,010 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 4,397 30,510 734 — — 35,641 Milestone Private Real Estate Fund 3 (Derivative Type) 17,186 (838 ) 2,180 — — 18,528 IGIS Private Real Estate Investment Trust 286 9,768 (1,361 ) 437 — — 8,844 Nomura-Rifa Private Real Estate Investment Trust 31 8,914 (932 ) 425 — — 8,407 Lime Pricing Private Equity Fund 8,300 (8,217 ) (83 ) — — — SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 41,991 (29,980 ) 1,312 — — 13,323 DS Solid.II Hedge Fund 4,123 (6,397 ) 2,274 — — — Hana Semiconductor New Technology Fund 12,856 (2,557 ) 13,832 — — 24,131 J&Magnet Startup Venture Specialized Private Equity Fund 5,979 (2,151 ) 2,107 — — 5,935 Cape IT Fund No.3 9,967 (580 ) 1,262 — — 10,649 FuturePlay-Shinhan TechInnovation Fund 1 868 3,661 (234 ) — — 4,295 Stonebridge Corporate 1st Fund 2,981 — 258 — — 3,239 Vogo Realty Partners Private Real Estate Fund V 10,376 (566 ) 1,017 — — 10,827 IL GU FARM CO.,LTD (*1) — — — — — — Korea Credit Bureau 6,812 (90 ) 254 — — 6,976 Goduck Gangil1 PFV Co., Ltd (*1) 48 — (48 ) — — — SBC PFV Co., Ltd 20,000 — (1,792 ) — — 18,208 Sprott Global Renewable Private Equity Fund II 19,016 (18,909 ) (107 ) — — — 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance NH-amundi W 48,158 (1,236 ) (3,083 ) — — 43,839 IMM Global Private Equity Fund 28,925 90,776 1,154 — — 120,855 HANA Alternative Estate Professional Private122 26,205 (644 ) 4,070 — — 29,631 Hanwha-Incus Plus New Technology Fund No.1 5,499 — 5,527 — — 11,026 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] 51,293 (1,613 ) 1,530 — — 51,210 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 150,317 127,753 8,461 — — 286,531 PSA EMP Private Equity Fund 9,927 (278 ) 165 — — 9,814 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 29,463 (239 ) 177 — — 29,401 SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF] 5,727 (5,727 ) — — — — SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF] 5,729 (5,729 ) — — — — BRAIN DO PROFESSIONALE PRIVATE No. 27 3,065 — 376 — — 3,441 VISION US Muni US Local Debt Opportunities Professional Private1 (*3) 9,869 (10,032 ) 163 — — — UI Venture Fund 7th — 3,000 279 — — 3,279 Sparklabs-Shinhan Opportunity Fund 1 — 4,999 (167 ) — — 4,832 BNW Tech-Innovation Private Equity Fund — 6,000 (58 ) — — 5,942 IGIS Real-estate Private Investment Trust No.33 — 13,945 154 — — 14,099 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust. — 3,000 2 — — 3,002 WWG Global Real Estate Investment Trust no.4 — 16,874 878 — — 17,752 Fidelis Global Private Real Estate Trust No.2 — 18,582 903 — — 19,485 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance IGIS PRIVATE REAL ESTATE TRUST NO.331 W — 3,932 (167 ) — — 3,765 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 — 45,082 3,262 — — 48,344 Pebblestone CGV Private Real Estate Trust No.1 — 12,793 553 — — 13,346 Shinhan AIM Real Estate Fund No.2 (*2) — 36,186 (7,652 ) — (6,070 ) 22,464 Shinhan AIM Real Estate Fund No.1 (*2) — 45,415 1,530 — — 46,945 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business] (*2) — 32,258 686 — — 32,944 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business] (*2) — 22,003 (1,101 ) — — 20,902 SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD) — 7,273 (581 ) — — 6,692 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative] (*2) — 4,859 (14 ) — — 4,845 Korea Omega-Shinhan Project Fund I — 6,000 (69 ) — — 5,931 New Green Shinhan Mezzanine Fund — 4,000 916 — — 4,916 KORAMKO-Daum Professional Private Investment Trust No.12 — 6,930 598 — — 7,528 Samsung SRA Real Estate Professional Private 45[FoFs] — 10,701 (35 ) — — 10,666 IBK Global New Renewable Energy Special Asset Professional Private2 — 29,177 3,172 — — 32,349 VS Cornerstone Fund — 3,500 (36 ) — — 3,464 Aone Mezzanine Opportunity Professional Private — 8,000 1,580 — — 9,580 KiwoomUnicorn3New Technology Business Investment Fund — 3,000 1,283 — — 4,283 Multi Asset The United States Thortons Professional Private1 (*2) — 44,202 (2,762 ) — — 41,440 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance Kiwoom Milestone US Real Estate Professional Private20 W — 49,791 1,721 — — 51,512 NH-Amundi — 24,647 783 — — 25,430 KB Distribution Private Real Estate1 (*2) — 29,984 714 — — 30,698 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business] (*2) — 19,968 744 — — 20,712 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative] (*2) — 28,251 898 — — 29,149 Kakao-Shinhan 1st TNYT Fund — 6,000 (319 ) — — 5,681 IMM Special Situation 1-2 — 10,000 870 — — 10,870 Pacific Private Placement Real Estate Fund No.40 — 11,273 374 — — 11,647 Mastern Private Real Estate Loan Fund No.2 — 5,740 (48 ) — — 5,692 LB Scotland Amazon Fulfillment Center Fund 29 — 30,753 429 — — 31,182 JR AMC Hungary Budapest Office Fund 16 — 11,380 824 — — 12,204 IGIS 372 Real Estate Professional Private — 58,200 (1,365 ) — — 56,835 KoFC-Neoplux R&D-Biz 2013-1 — 4,058 (228 ) — — 3,830 Future-Creation Neoplux Venture Capital Fund (*4) — 4,204 (408 ) — — 3,796 Gyeonggi-Neoplux Superman Fund (*4) — 7,665 (1,266 ) — — 6,399 NewWave 6th Fund (*4) — 6,242 (92 ) — — 6,150 Neoplux No.3 Private Equity Fund (*4) — 10,825 (530 ) — — 10,295 PCC Amberstone Private Equity Fund I (*2) — 22,066 414 — — 22,480 KIAMCO POWERLOAN TRUST 4TH — 43,390 565 — — 43,955 Mastern Opportunity Seeking Real Estate Fund II — 19,508 291 — — 19,799 AION ELFIS PROFESSIONAL PRIVATE 1 — 5,000 528 — — 5,528 2020 Investees Beginning balance Investment and dividend Equity method income (loss) Change in other Impairment loss Ending balance T&F 2020 SS Private Equity Fund Specializing in Start-up W — 4,500 (47 ) — — 4,453 Neoplux Market-Frontier Secondary Fund (*4) — 10,974 571 — — 11,545 Synergy Green New Deal 1st New Technology Business Investment Fund — 10,000 8 — — 10,008 KAIM Real-estate Private Investment Trust 20 — 5,000 98 — — 5,098 KIAMCO Vietnam Solar Special Asset Private Investment Trust — 8,150 (202 ) — — 7,948 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 — 3,125 — — — 3,125 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 — 44,780 (9 ) (177 ) — 44,594 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 — 44,780 (9 ) (177 ) — 44,594 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 — 16,000 (145 ) — — 15,855 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 — 30,000 (356 ) — — 29,644 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 — 21,142 — — — 21,142 Eum Private Equity Fund No.7 — 7,872 — — — 7,872 Kiwoom Private Equity Ant-Man — 5,034 — — — 5,034 Kiwoom Hero No.4 Private Equity Fund — 4,707 — — — 4,707 Vogo Canister Professional Trust Private Fund I (*2) — 43,975 — — — 43,975 Others 85,517 25,966 19,814 (5 ) — 131,292 W 1,452,861 1,056,238 159,533 (1,457 ) (9,407 ) 2,657,768 (*1) The Group has stopped recognizing its equity method income or loss due to the carrying amount of ‘0’ resulting from the investees’ cumulative loss. (*2) Classified as investments in associates without cash transactions. (*3) For the year ended December 31, 2020, it is incorporated into the consolidation target as it held control due to increased equity ratio. (*4) For the year ended December 31, 2020, it is incorporated into the investments in associates as Neoplux Co., Ltd.is incorporated into the consolidation target.
Condensed statement of financial position information of associates	(c) The statement of financial information as of and for the years ended December 31, 2019 and 2020 are as follows: 2019 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) BNP Paribas Cardif Life Insurance W 3,896,875 3,545,682 37,067 (3,919 ) 24,402 20,483 Neoplux Technology Valuation Investment Fund 49,890 738 3,953 (2,078 ) — (2,078 ) Partners 4th Growth Investment Fund 60,775 1,106 14 (1,904 ) — (1,904 ) KTB Newlake Global Healthcare PEF 37,187 151 387 (349 ) — (349 ) Daekwang Semiconductor Co., Ltd. 23,507 7,328 1,248 248 9 257 Shinhan-Neoplux Energy Newbiz Fund 33,791 18 26 (1,259 ) — (1,259 ) Shinhan-Albatross tech investment Fund 17,681 182 1,263 551 (917 ) (366 ) KCLAVIS Meister Fund No.17 4,689 96 425 (322 ) — (322 ) Plutus-SG 16,006 138 700 419 — 419 Eum Private Equity Fund No.3 17,243 27 6,305 5,604 — 5,604 KTB Confidence Private Placement 19,369 64 7,328 3,122 — 3,122 Meritz AI-SingA330-A 17,821 1 1,280 377 — 377 Meritz AI-SingA330-B 44,228 2 3,445 1,217 — 1,217 VOGO Debt Strategy Qualified INV Private R/E INV TR 4 49,683 33 4,198 1,391 — 1,391 Shinhan-Midas Donga Secondary Fund 6,973 1 88 (651 ) — (651 ) ShinHan – Soo Young Entrepreneur Investment Fund No.1 18,963 9 1,656 113 — 113 Synergy-Shinhan Mezzanine New Technology Investment Fund 8,266 51 834 535 — 535 Shinhan Praxis K-Growth 54,786 185 27,588 13,361 — 13,361 Credian Healthcare Private Equity Fund II 7,001 24 1,542 1,031 — 1,031 Kiwoom Milestone Professional Private Real Estate Trust 19 59,559 38,744 3,100 470 — 470 AIP EURO Green Private Real Estate Trust No.3 98,221 86 18,362 7,462 — 7,462 2019 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Hanhwa US Equity Strategy Private Real Estate Fund No.1 W 59,652 1,750 14,838 3,742 — 3,742 Shinhan Global Healthcare Fund 1 73,388 701 5,480 (1,722 ) — (1,722 ) JB Power TL Investment Type Private Placement Special Asset Fund 7 50,468 66 15,476 2,487 — 2,487 IBK AONE convertible 1 12,861 0 1,515 410 — 410 Rico synergy collabo Multi-Mezzanine 6,433 2 1,296 856 — 856 KB NA Hickory Private Special Asset Fund 96,289 476 16,132 2,489 — 2,489 Koramco Europe Core Private Placement Real Estate Fund No.2-2 46,742 2,304 9,328 5,462 — 5,462 Shinhan-Stonebridge Petro PEF 1,388 1,350 52,928 49,878 — 49,878 BNP Paribas Cardif General Insurance 43,064 21,936 17,613 (12,962 ) (136 ) (13,098 ) Axis Global Growth New Technology Investment Association 10,064 — 1 (244 ) — (244 ) Polaris No7 Start up and Venture Private Equity Fund 8,113 52 1,037 928 — 928 Hermes Private Investment Equity Fund 21,954 95 45 (2,366 ) — (2,366 ) SHC ULMUS Fund No.1 10,706 — 1,073 881 — 881 Shinhan-Nvestor Liquidity Solution Fund 19,524 — 209 (2,101 ) — (2,101 ) Shinhan AIM FoF Fund 1a 28,987 20 5,556 2,111 — 2,111 IGIS Global Credit Fund 150-1 38,912 38 2,674 166 — 166 GX Shinhan Intervest 1st Private Equity Fund 131,237 — 6,689 5,283 — 5,283 Soo Commerce Platform Growth Fund 25,765 3 36 (140 ) — (140 ) Partner One Value up I Private Equity Fund 42,602 — 457 (173 ) — (173 ) Genesis No.1 Private Equity Fund 224,322 7 23,180 21,872 — 21,872 GMB ICT New Technology Investment Fund 29,359 — 2 (298 ) — (298 ) Korea Omega Project Fund III 12,818 — 4,432 4,351 — 4,351 Soo Delivery Platform Growth Fund 29,743 3 675 367 — 367 Genesis North America Power Company No.1 PEF 46,041 281 4,323 3,756 — 3,756 SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 89,450 687 4,262 1,546 — 1,546 Shinhan-Rhinos 1 Fund 13,474 — 143 129 — 129 Pacific Private Investment Trust No.20 18,764 15 1,247 1,187 — 1,187 Susung Mezzanine project P1 Private Investment Trust 10,023 351 22 (91 ) — (91 ) 2019 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Korea Finance Security W 32,079 10,386 64,964 (1,297 ) — (1,297 ) AIP Transportation Specialized Privately Placed Fund Trust #1 94,437 6,042 12,473 1,242 — 1,242 Lime Neptune Professional Private 6 10,166 41 460 125 — 125 PCC S/W 2nd Fund 10,154 — 151 4 — 4 E&Healthcare Investment Fund No.6 38,181 2 4,405 3,664 — 3,664 One Shinhan Global Fund 1 22,244 — 92 (406 ) — (406 ) Kiwoom-Shinhan Innovation Fund I 14,719 151 13 (432 ) — (432 ) Daishin-K&T 55,686 33,103 1,292 183 — 183 Midas Asset Global CRE Debt Private Fund No.6 118,438 70 3,907 2,677 — 2,677 Richmond Private Investment Trust No.82 50,079 24,879 1,155 919 — 919 Tiger Alternative Real Estate Professional Private5 40,792 103 1,628 (116 ) — (116 ) Samchully Midstream Private Placement Special Asset Fund 5-4 71,680 55 14,423 3,015 — 3,015 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 269,203 48 8,854 8,289 — 8,289 AUCTUS FITRIN Corporate Recovery Private Equity Fund 67,222 218 1,187 449 — 449 NH-Amundi 61,696 39 7,404 2,427 — 2,427 Pacific Private Real Estate Fund Investment Trust No.30 39,779 270 1,817 1,547 — 1,547 Jarvis Memorial Private Investment Trust 1 10,279 12 293 281 — 281 Mastern Private Private Investment Trust 68 18,600 2 533 437 — 437 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 7,336 7 214 (61 ) — (61 ) Milestone Private Real Estate Fund 3 (Derivative Type) 53,610 3 603 532 — 532 IGIS Private Real Estate Investment Trust 286 (2 class) 75,372 51,870 2,838 (798 ) — (798 ) Nomura-Rifa Private Real Estate Investment Trust 31 (2 class) 99,976 71,507 2,383 (331 ) — (331 ) Lime Pricing Private Equity Fund 32,231 118 10 (388 ) — (388 ) 2019 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 W 197,536 119 12,963 12,296 — 12,296 DS Solid.II Hedge Fund 15,042 — 4 (605 ) — (605 ) Hana Semiconductor New Technology Fund 52,905 — 73 (595 ) — (595 ) J&Magnet Startup Venture Specialized Private Equity Fund 24,513 — — (87 ) — (87 ) Cape IT Fund No.3 30,333 35 — (101 ) — (101 ) Vogo Realty Partners Private Real Estate Fund V 47,992 34 281 (1,084 ) — (1,084 ) Korea Credit Bureau 95,764 20,075 66,314 10,604 — 10,604 SBC PFV Co., Ltd 120,000 40,000 — — — — Sprott Global Renewable Private Equity Fund II 82,721 3 1,416 (4,833 ) — (4,833 ) NH-amundi 100,513 4,197 4,128 (2,744 ) — (2,744 ) IMM Global Private Equity Fund 90,870 63 — (63 ) — (63 ) HANA Alternative Estate Professional Private122 34,897 45 1,561 (3,035 ) — (3,035 ) Hanwha-Incus Plus New Technology Fund No.1 12,900 1 — (1 ) — (1 ) SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] 127,339 15,732 — — — — SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 402,633 141,200 10,036 7,256 — 7,256 PSA EMP Private Equity Fund 34,535 285 1 (250 ) — (250 ) Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 57,088 728 2,735 2,198 — 2,198 SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF] 22,926 641 — — — — SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF] 23,865 1,329 — — — — BRAIN DO PROFESSIONALE PRIVATE No. 27 10,305 10 58 (5 ) — (5 ) VISION US Muni US Local Debt Opportunities Professional Private1(S) 39,175 80 1,440 1,088 — 1,088 (*) Excluded the associates’ financial information that are not subject to recognizing equity method income or loss or financial information is not available. 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) BNP Paribas Cardif Life Insurance W 3,526,148 3,188,562 38,669 (6,555 ) (7,052 ) (13,607 ) Songrim Partners 1,003 1,065 548 — — — Partners 4th Growth Investment Fund 48,678 846 7,231 6,059 — 6,059 KTB Newlake Global Healthcare PEF 31,005 225 598 244 — 244 Daekwang Semiconductor Co., Ltd. 23,682 6,339 3,836 1,163 — 1,163 Shinhan-Neoplux Energy Newbiz Fund 44,615 25 4,221 1,749 — 1,749 Shinhan-Albatross tech investment Fund 27,685 385 982 594 — 594 Eum Private Equity Fund No.3 20 4 13,445 9,875 — 9,875 Meritz AI-SingA330-A 1 1 89 89 — 89 Meritz AI-SingA330-B 2 2 363 361 — 361 VOGO Debt Strategy Qualified INV Private 43,540 28 6,361 2,359 — 2,359 Shinhan-Midas Donga Secondary Fund 9,504 — 365 233 — 233 ShinHan – Soo Young Entrepreneur Investment Fund No.1 41,532 — 16,561 16,349 — 16,349 Shinhan Praxis K-Growth 52,890 183 201 (2,306 ) — (2,306 ) Credian Healthcare Private Equity Fund II 17,141 15 25,926 24,638 — 24,638 Kiwoom Milestone Professional Private Real Estate Trust 19 58,393 38,558 2,772 (449 ) — (449 ) AIP EURO Green Private Real Estate Trust No.3 98,866 86 6,893 6,231 — 6,231 Hanhwa US Equity Strategy Private Real Estate Fund No.1 5,798 721 32,667 7,180 — 7,180 Shinhan Global Healthcare Fund 1 55 2,104 1,034 (74,736 ) — (74,736 ) JB Power TL Investment Type Private Placement Special Asset Fund 7 48,605 45 23,547 2,251 — 2,251 KB NA Hickory Private Special Asset Fund 93,236 69 13,464 4,312 — 4,312 Koramco Europe Core Private Placement Real Estate Fund No.2-2 46,239 3,948 4,920 877 — 877 BNP Paribas Cardif General Insurance 85,278 33,063 23,632 (7,972 ) (161 ) (8,133 ) Hermes Private Investment Equity Fund 20,919 8 11 (948 ) — (948 ) Shinhan-Nvestor Liquidity Solution Fund 18,032 — 2,704 2,537 — 2,537 Shinhan AIM FoF Fund 1a 35,060 20 4,378 777 — 777 IGIS Global Credit Fund 150-1 29,153 24 10,076 6,263 — 6,263 Soo Commerce Platform Growth Fund 4,661 3 13,172 13,314 — 13,314 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Partner One Value up I Private Equity Fund W 42,205 — 457 (329 ) — (329 ) Genesis No.1 Private Equity Fund 382,353 31,024 158,070 125,312 — 125,312 Korea Omega Project Fund III 15,141 — 2,383 2,323 — 2,323 Soo Delivery Platform Growth Fund 13,563 3 11,300 10,249 — 10,249 Genesis North America Power Company No.1 PEF 48,221 5,727 6,976 6,449 — 6,449 Hyungje art printing 866 1,130 253 — — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 46,514 1,164 11,240 2,846 — 2,846 Shinhan-Rhinos 1 Fund 11,561 1 2,784 2,554 — 2,554 Pacific Private Investment Trust No.20 13,805 11 974 974 — 974 Susung Mezzanine project P1 Private Investment Trust 3,220 — 3,412 (373 ) — (373 ) Korea Finance Security 37,522 17,032 118,906 (1,174 ) — (1,174 ) Multimedia Tech Co.Ltd 593 662 555 (158 ) — (158 ) MIEL CO.,LTD 474 559 585 (169 ) — (169 ) AIP Transportation Specialized Privately Placed Fund Trust #1 92,454 101 17,221 132 — 132 DB Epic Convertiblebond Private Trust No.2 11,382 34 1,169 1,021 — 1,021 E&Healthcare Investment Fund No.6 72,023 — 36,332 33,844 — 33,844 One Shinhan Global Fund1 22,244 — 92 (406 ) — (406 ) Kiwoom-Shinhan Innovation Fund I 32,096 158 2,984 2,371 — 2,371 Daishin-K&T 55,501 33,101 64 (183 ) — (183 ) Midas Asset Global CRE Debt Private Fund No.6 115,240 118 7,041 5,153 — 5,153 Richmond Private Investment Trust No.82 49,961 24,879 1,658 1,306 — 1,306 Tiger Alternative Real Estate Professional Private5 38,064 86 7,827 113 — 113 Samchully Midstream Private Placement Special Asset Fund 5-4 67,177 36 8,012 (2,228 ) — (2,228 ) SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 327,973 56 13,607 12,656 — 12,656 NH-Amundi 62,729 1 7,216 2,606 — 2,606 Jarvis Memorial Private Investment Trust 1 10,147 4 651 647 — 647 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Mastern Private Private Invetstment Trust 68 W 18,620 — 878 877 — 877 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 59,422 20 6,374 1,224 — 1,224 Milestone Private Real Estate Fund 3 57,792 2 7,083 6,797 — 6,797 IGIS Private Real Estate Investment Trust 286 74,406 53,065 5,298 696 — 696 Nomura-Rifa Private Real Estate Investment Trust 31 98,291 71,442 7,584 1,356 — 1,356 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 62,682 45 6,511 6,169 — 6,169 Hana Semiconductor New Technology Fund 111,661 12,346 70,303 56,926 — 56,926 J&Magnet Startup Venture Specialized Private Equity Fund 24,381 50 8,291 8,638 — 8,638 Cape IT Fund No.3 32,448 75 4,145 3,837 — 3,837 FuturePlay-Shinhan TechInnovation Fund 1 8,621 31 5 (469 ) — (469 ) Stonebridge Corporate 1st Fund 7,342 1 679 584 — 584 Vogo Realty Partners Private Real Estate Fund V 50,139 99 8,137 4,701 — 4,701 Korea Credit Bureau 114,571 37,062 93,275 3,992 — 3,992 Goduck Gangil1 PFV Co., Ltd 334,349 348,276 — (10,065 ) — (10,065 ) SBC PFV Co., Ltd 119,994 7,199 — (7,169 ) — (7,169 ) NH-amundi 87,908 230 20,499 (6,215 ) — (6,215 ) IMM Global Private Equity Fund 367,570 1,368 17,222 2,995 — 2,995 HANA Alternative Estate Professional Private122 39,449 38 6,836 5,487 — 5,487 Hanwha-Incus Plus New Technology Fund No.1 25,860 — 13,169 12,961 — 12,961 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] 198,644 87,218 4,479 3,329 — 3,329 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 395,815 — 14,737 11,688 — 11,688 PSA EMP Private Equity Fund 33,953 97 8 (393 ) — (393 ) Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 57,026 784 13,342 339 — 339 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) BRAIN DO PROFESSIONALE PRIVATE No. 27 W 11,827 12 1,414 1,292 — 1,292 UI Venture Fund 7th 13,466 21 2,044 1,145 — 1,145 Sparklabs-Shinhan Opportunity Fund 1 9,760 — — (340 ) — (340 ) BNW Tech-Innovation Private Equity Fund 20,119 213 45 (194 ) — (194 ) IGIS Real-estate Private Investment Trust No.33 88,319 53,812 1,570 378 — 378 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust 9,505 — 5 5 — 5 WWG Global Real Estate Investment Trust no.4 60,083 12 8,431 2,971 — 2,971 Fidelis Global Private Real Estate Trust No.2 24,901 2 1,902 1,214 — 1,214 IGIS PRIVATE REAL ESTATE TRUST NO.331 57,655 45,417 20 (388 ) — (388 ) AIP EURO PRIVATE REAL ESTATE TRUST No. 12 173,538 783 40,882 13,425 — 13,425 Pebblestone CGV Private Real Estate Trust No.1 63,907 36,405 7,451 1,141 — 1,141 Shinhan AIM Real Estate Fund No.2 75,018 138 7,611 (45,741 ) — (45,741 ) Shinhan AIM Real Estate Fund No.1 223,471 28 22,855 7,284 — 7,284 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business] 149,686 75 3,342 3,117 — 3,117 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business] 71,774 169 4,948 (3,773 ) — (3,773 ) SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 9,380 12 576 (814 ) — (814 ) SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative] 61,389 45,239 47,240 (46 ) — (46 ) Korea Omega-Shinhan Project Fund I 11,861 — — (139 ) — (139 ) New Green Shinhan Mezzanine Fund 12,538 1 2,387 2,337 — 2,337 KORAMKO-Daum Professional Private Investment Trust No.12 22,740 157 1,949 1,792 — 1,792 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Samsung SRA Real Estate Professional Private 45[FoFs] W 42,895 230 4,155 (355 ) — (355 ) IBK Global New Renewable Energy Special Asset Professional Private2 116,284 4,679 19,514 10,943 — 10,943 VS Cornerstone Fund 8,413 — 2 (87 ) — (87 ) Aone Mezzanine Opportunity Professional Private 14,530 40 2,507 2,390 — 2,390 KiwoomUnicorn3New Technology Business Investment Fund 20,132 — 6,112 6,031 — 6,031 Multi Asset The United States Thortons Professional Private1 165,775 15 2,111 671 — 671 Kiwoom Milestone US Real Estate Professional Private20 68,591 157 3,508 2,286 — 2,286 NH-Amundi 99,409 1,248 16,758 3,025 — 3,025 KB Distribution Private Real Estate1 50,013 500 1,174 1,151 — 1,151 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business] 71,647 54 2,677 2,571 — 2,571 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative] 97,412 248 5,176 2,993 — 2,993 Kakao-Shinhan 1st TNYT Fund 12,014 331 2 (657 ) — (657 ) IMM Special Situation 1-2 54,328 33 4,378 4,344 — 4,344 Pacific Private Placement Real Estate Fund No.40 145,123 98,029 2,554 1,511 — 1,511 Mastern Private Real Estate Loan Fund No.2 17,156 201 98 (143 ) — (143 ) LB Scotland Amazon Fulfillment Center Fund 29 44,483 28 1,975 612 — 612 JR AMC Hungary Budapest Office Fund 16 38,581 1,112 2,531 2,531 — 2,531 IGIS 372 Real Estate Professional Private 628,769 428,577 10,221 (4,808 ) — (4,808 ) KoFC-Neoplux R&D-Biz 2013-1 18,460 2,824 1,673 240 — 240 Future-Creation Neoplux Venture Capital Fund 27,271 4,137 7,270 4,300 — 4,300 Gyeonggi-Neoplux Superman Fund 31,898 186 533 (212 ) — (212 ) NewWave 6th Fund 20,501 — 2,757 1,528 — 1,528 2020 Investees Asset Liability Operating revenue Net profit (loss) Other (loss) Total (loss) Neoplux No.3 Private Equity Fund W 103,712 756 9,114 (7,108 ) — (7,108 ) PCC Amberstone Private Equity Fund I 104,930 1,194 12,280 5,501 — 5,501 KIAMCO POWERLOAN TRUST 4TH 92,817 23 815 1,193 — 1,193 Mastern Opportunity Seeking Real Estate Fund II 99,087 93 1,391 1,453 — 1,453 AION ELFIS PROFESSIONAL PRIVATE 1 27,672 30 2,710 2,642 — 2,642 T&F 2020 SS Private Equity Fund Specializing in Start-up 15,074 73 — (160 ) — (160 ) Neoplux Market-Frontier Secondary Fund 56,363 1,636 1,359 (339 ) — (339 ) Synergy Green New Deal 1st New Technology Business Investment Fund 35,539 12 39 27 — 27 KAIM Real-estate Private Investment Trust 20 13,254 — 254 254 — 254 KIAMCO Vietnam Solar Special Asset Private Investment Trust 15,902 6 — (404 ) — (404 ) CSQUARE SNIPER PROFESSIONAL PRIVATE 10 5,010 10 10 — — — IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 45,582 9 — (9 ) — (9 ) IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 45,582 9 — (9 ) — (9 ) Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 141,811 93,336 1 1,290 — 1,290 IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 116,853 66,459 — (605 ) — (605 ) SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 70,487 14 194 180 — 180 Kiwoom Private Equity Ant-Man 20,174 40 4,210 4,134 — 4,134 Kiwoom Hero No.4 Private Equity Fund 22,359 1 — 3,358 — 3,358 Vogo Canister Professional Trust Private Fund I 119,968 76 17,022 4,148 — 4,148 (*) Excluded the financial information of associates that are not subject to equity method due to disposal or of which the financial information is not available as of end of the year.
Reconciliation of the financial information to the carrying values of its interests in the associates	(d) Reconciliation of the financial information to the carrying values of its interests in the associates as of December 31, 2019 and 2020 are as follows: 2019 Investees Net assets (a) Ownership (b) Interests assets (a)*(b) Intra-group Other Carrying Value BNP Paribas Cardif Life Insurance W 351,193 14.99 52,665 (79 ) — 52,586 Songrim Partners. (*1) (62 ) 35.34 (22 ) — 22 — Neoplux Technology Valuation Investment Fund 49,152 33.33 16,384 — — 16,384 Partners 4th Growth Investment Fund 59,669 25.00 14,917 — — 14,917 KTB Newlake Global Healthcare PEF (*2) 37,036 30.00 11,110 — 170 11,280 Daekwang Semiconductor Co., Ltd. 16,179 20.94 3,388 — — 3,388 Shinhan-Neoplux Energy Newbiz Fund 33,773 23.33 7,880 — — 7,880 Shinhan-Albatross tech investment Fund 17,499 50.00 8,734 — — 8,734 KCLAVIS Meister Fund No.17 4,593 26.09 1,198 — — 1,198 Plutus-SG 15,868 26.67 4,231 — — 4,231 Eum Private Equity Fund No.3 17,216 20.76 3,574 — — 3,574 KTB Confidence Private Placement 19,305 31.43 6,067 — — 6,067 Meritz AI-SingA330-A 17,820 23.89 4,256 — — 4,256 Meritz AI-SingA330-B 44,226 20.16 8,916 — — 8,916 VOGO Debt Strategy Qualified INV Private R/E INV TR 4 49,650 20.00 9,930 — — 9,930 Shinhan-Midas Donga Secondary Fund 6,972 50.00 3,486 — — 3,486 ShinHan – Soo Young Entrepreneur Investment Fund No.1 18,954 24.00 4,549 — — 4,549 Synergy-Shinhan Mezzanine New Technology Investment Fund 8,215 47.62 3,912 — — 3,912 Shinhan Praxis K-Growth 54,601 18.87 10,302 — — 10,302 Credian Healthcare Private Equity Fund II 6,977 34.07 2,377 — — 2,377 Kiwoom Milestone Professional Private Real Estate Trust 19 20,816 50.00 10,407 — — 10,407 AIP EURO Green Private Real Estate Trust No.3 98,135 21.28 20,884 — — 20,884 Hanhwa US Equity Strategy Private Real Estate Fund No.1 57,901 44.84 25,964 — — 25,964 Shinhan Global Healthcare Fund 1 72,687 4.41 3,209 — — 3,209 JB Power TL Investment Type Private Placement Special Asset Fund 7 50,402 33.33 16,800 — — 16,800 IBK AONE convertible 1 12,861 47.25 6,077 — — 6,077 2019 Investees Net assets (a) Ownership (b) Interests assets (a)*(b) Intra-group Other Carrying Value Rico synergy collabo Multi-Mezzanine W 6,431 50.03 3,217 — — 3,217 KB NA Hickory Private Special Asset Fund 95,813 37.50 35,930 — — 35,930 Koramco Europe Core Private Placement Real Estate Fund No.2-2 44,438 44.02 19,562 — — 19,562 Shinhan-Stonebridge Petro PEF 38 1.82 1 — — 1 BNP Paribas Cardif General Insurance 21,128 10.00 2,113 — — 2,113 Axis Global Growth New Technology Investment Association 10,064 31.85 3,205 — — 3,205 Polaris No7 Start up and Venture Private Equity Fund 8,061 28.57 2,303 — — 2,303 Hermes Private Investment Equity Fund 21,859 29.17 6,376 — — 6,376 SHC ULMUS Fund No.1 10,706 29.41 3,149 — — 3,149 Shinhan-Nvestor Liquidity Solution Fund 19,524 24.92 4,865 — — 4,865 Shinhan AIM FoF Fund 1a 28,967 25.00 7,242 — — 7,242 IGIS Global Credit Fund 150-1 38,874 25.00 9,718 — — 9,718 GX Shinhan Intervest 1st Private Equity Fund 131,237 25.27 33,166 — — 33,166 Soo Commerce Platform Growth Fund 25,762 24.62 6,343 — — 6,343 Partner One Value up I Private Equity Fund 42,602 27.91 11,891 — — 11,891 Genesis No.1 Private Equity Fund 224,315 22.80 51,150 — — 51,150 GMB ICT New Technology Investment Fund 29,359 26.75 7,854 — — 7,854 Korea Omega Project Fund III 12,818 23.53 3,016 — — 3,016 Soo Delivery Platform Growth Fund 29,740 30.00 8,922 — — 8,922 Genesis North America Power Company No.1 PEF 45,759 39.92 18,275 — — 18,275 Hyungje art printing (*1) (264 ) 31.54 (83 ) — 83 — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 88,763 23.33 20,712 — — 20,712 Shinhan-Rhinos 1 Fund 13,474 22.48 3,029 — — 3,029 Pacific Private Investment Trust No.20 18,749 21.74 4,076 — — 4,076 Susung Mezzanine project P1 Private Investment Trust 9,672 41.18 5,128 — — 5,128 Korea Finance Security 21,693 14.91 3,235 — — 3,235 MIEL CO.,LTD (*1) (119 ) 28.77 (34 ) — 34 — AIP Transportation Specialized Privately Placed Fund Trust #1 88,395 35.73 31,580 — — 31,580 Lime Neptune Professional Private 6 10,125 50.00 5,063 — — 5,063 2019 Investees Net assets (a) Ownership (b) Interests assets (a)*(b) Intra-group Other Carrying Value PCC S/W 2nd Fund W 10,154 29.56 3,001 — — 3,001 E&Healthcare Investment Fund No.6 38,179 20.37 7,776 — — 7,776 One Shinhan Global Fund 1 22,244 19.98 4,441 — — 4,441 Kiwoom-Shinhan Innovation Fund I 14,568 50.00 7,284 — — 7,284 Daishin-K&T 22,583 31.25 7,057 — — 7,057 Midas Asset Global CRE Debt Private Fund No.6 118,368 20.05 23,731 — — 23,731 Richmond Private Investment Trust No.82 25,200 60.00 15,120 — — 15,120 Tiger Alternative Real Estate Professional Private5 40,689 48.71 19,820 — — 19,820 Samchully Midstream Private Placement Special Asset Fund 5-4 71,625 42.92 30,742 — — 30,742 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 269,155 20.00 53,831 — — 53,831 AUCTUS FITRIN Corporate Recovery Private Equity Fund 67,004 21.43 14,358 — — 14,358 NH-Amundi 61,657 30.00 18,497 — — 18,497 Pacific Private Real Estate Fund Investment Trust No.30 39,509 37.50 14,816 — — 14,816 Jarvis Memorial Private Investment Trust 1 10,267 99.01 10,166 — — 10,166 Mastern Private Private Investment Trust 68 18,598 53.76 9,999 — — 9,999 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 7,329 60.00 4,397 — — 4,397 Milestone Private Real Estate Fund 3 (Derivative Type) 53,608 32.06 17,186 — — 17,186 IGIS Private Real Estate Investment Trust 286 (2 class) 23,502 41.56 9,768 — — 9,768 Nomura-Rifa Private Real Estate Investment Trust 31 (2 class) 28,469 31.31 8,914 — — 8,914 Lime Pricing Private Equity Fund 32,113 25.85 8,300 — — 8,300 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 197,417 21.27 41,991 — — 41,991 DS Solid.II Hedge Fund 15,042 27.41 4,123 — — 4,123 Hana Semiconductor New Technology Fund 52,905 24.30 12,856 — — 12,856 2019 Investees Net assets (a) Ownership (b) Interests assets (a)*(b) Intra-group Other Carrying Value J&Magnet Startup Venture Specialized Private Equity Fund W 24,513 24.39 5,979 — — 5,979 Cape IT Fund No.3 30,298 32.89 9,967 — — 9,967 Vogo Realty Partners Private Real Estate Fund V 47,958 21.64 10,376 — — 10,376 IL GU FARM CO.,LTD (*1) (316 ) 28.47 (90 ) — 90 — Korea Credit Bureau 75,689 9.00 6,812 — — 6,812 SBC PFV Co., Ltd 80,000 25.00 20,000 — — 20,000 Sprott Global Renewable Private Equity Fund II 82,718 23.10 19,016 — — 19,016 NH-amundi 96,316 50.00 48,158 — — 48,158 IMM Global Private Equity Fund 90,807 31.85 28,925 — — 28,925 HANA Alternative Estate Professional Private122 34,853 75.19 26,205 — — 26,205 Hanwha-Incus Plus New Technology Fund No.1 12,899 42.64 5,499 — — 5,499 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] 111,607 45.96 51,293 — — 51,293 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 261,433 57.50 150,317 — — 150,317 PSA EMP Private Equity Fund 34,250 28.99 9,927 — — 9,927 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 56,360 52.28 29,463 — — 29,463 SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF] 22,285 25.70 5,727 — — 5,727 SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF] 22,536 25.42 5,729 — — 5,729 BRAIN DO PROFESSIONALE PRIVATE No. 27 10,295 29.13 3,065 — — 3,065 VISION US Muni US Local Debt Opportunities Professional Private1(S) 39,095 25.00 9,869 — — 9,869 Other 337,794 — 85,931 — — 85,931 W 4,951,196 1,452,541 (79 ) 399 1,452,861 (*1) Other adjustments represent the unrecognized equity method losses because the Group has stopped recognizing its equity method losses as the balance of the investment has been reduced to zero. (*2) Other represents the adjustments of fair value when acquired. 2020 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying Value BNP Paribas Cardif Life Insurance W 337,586 14.99 50,632 (32 ) — 50,600 Songrim Partners (*1) (62 ) 35.34 (22 ) — 22 — Partners 4th Growth Investment Fund 47,832 25.00 11,958 — — 11,958 KTB Newlake Global Healthcare PEF (*2) 30,780 30.00 9,234 — 170 9,404 Daekwang Semiconductor Co., Ltd. 17,343 20.94 3,631 — — 3,631 Shinhan-Neoplux Energy Newbiz Fund 44,590 31.66 14,470 — — 14,470 Shinhan-Albatross tech investment Fund 27,300 49.97 13,322 — — 13,322 Eum Private Equity Fund No.3 16 20.76 3 — — 3 Meritz AI-SingA330-A — 23.89 — — — — Meritz AI-SingA330-B — 20.16 — — — — VOGO Debt Strategy Qualified INV Private 43,512 20.00 8,702 — — 8,702 Shinhan-Midas Donga Secondary Fund 9,504 50.00 4,752 — — 4,752 ShinHan – Soo Young Entrepreneur Investment Fund No.1 41,532 24.00 9,968 — — 9,968 Shinhan Praxis K-Growth 52,707 18.87 9,945 — — 9,945 Credian Healthcare Private Equity Fund II 17,126 34.07 5,835 — — 5,835 Kiwoom Milestone Professional Private Real Estate Trust 19 19,835 50.00 9,918 — — 9,918 AIP EURO Green Private Real Estate Trust No.3 98,780 21.28 21,021 — — 21,021 Hanhwa US Equity Strategy Private Real Estate Fund No.1 5,077 44.84 2,277 — — 2,277 Shinhan Global Healthcare Fund 1 (2,049 ) 4.41 (90 ) — 90 — JB Power TL Investment Type Private Placement Special Asset Fund 7 48,560 33.33 16,186 — — 16,186 KB NA Hickory Private Special Asset Fund 93,167 37.50 34,938 — — 34,938 Koramco Europe Core Private Placement Real Estate Fund No.2-2 42,291 44.02 18,618 — — 18,618 BNP Paribas Cardif General Insurance 52,215 7.46 3,895 — — 3,895 Hermes Private Investment Equity Fund 20,911 29.17 6,099 — — 6,099 Shinhan-Nvestor Liquidity Solution Fund 18,032 24.92 4,493 — — 4,493 Shinhan AIM FoF Fund 1a 35,040 25.00 8,760 — — 8,760 IGIS Global Credit Fund 150-1 29,129 25.00 7,282 — — 7,282 Soo Commerce Platform Growth Fund 4,658 24.62 1,147 — — 1,147 Partner One Value up I Private Equity Fund 42,205 27.91 11,779 — — 11,779 Genesis No.1 Private Equity Fund 351,329 22.80 80,113 — — 80,113 Korea Omega Project Fund III 15,141 23.53 3,563 — — 3,563 Soo Delivery Platform Growth Fund 13,560 30.00 4,068 — — 4,068 2020 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying Value Genesis North America Power Company No.1 PEF W 42,494 39.96 16,983 — — 16,983 Hyungje art printing (*1) (264 ) 31.54 (83 ) — 83 — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 45,350 23.33 10,582 — — 10,582 Shinhan-Rhinos 1 Fund 11,560 22.48 2,599 — — 2,599 Pacific Private Investment Trust No.20 13,794 21.74 2,999 — — 2,999 Susung Mezzanine project P1 Private Investment Trust 3,220 41.31 1,345 — — 1,345 Korea Finance Security 20,490 14.91 3,055 — — 3,055 Multimedia Tech Co.Ltd. (*1) (69 ) 21.06 (15 ) — 15 — MIEL CO.,LTD (*1) (85 ) 28.77 (25 ) — 25 — AIP Transportation Specialized Privately Placed Fund Trust #1 92,353 35.73 32,993 — — 32,993 DB Epic Convertiblebond Private Trust No.2 11,348 50.98 5,785 — — 5,785 E&Healthcare Investment Fund No.6 72,023 21.05 15,163 — — 15,163 One Shinhan Global Fund1 22,244 19.96 4,029 — — 4,029 Kiwoom-Shinhan Innovation Fund I 31,938 50.00 15,969 — — 15,969 Daishin-K&T 22,400 31.25 7,000 — — 7,000 Midas Asset Global CRE Debt Private Fund No.6 115,122 41.16 47,389 — — 47,389 Richmond Private Investment Trust No.82 25,082 60.00 15,049 — — 15,049 Tiger Alternative Real Estate Professional Private5 37,978 48.71 18,499 — — 18,499 Samchully Midstream Private Placement Special Asset Fund 5-4 67,141 42.92 28,818 — — 28,818 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3 327,917 20.00 65,616 — — 65,616 NH-Amundi 62,728 30.00 18,819 — — 18,819 Jarvis Memorial Private Investment Trust 1 10,143 99.01 10,043 — — 10,043 Mastern Private Private Invetstment Trust 68 18,620 53.76 10,010 — — 10,010 Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37 59,402 60.00 35,641 — — 35,641 Milestone Private Real Estate Fund 3 57,790 32.06 18,528 — — 18,528 IGIS Private Real Estate Investment Trust 286 21,341 41.44 8,844 — — 8,844 Nomura-Rifa Private Real Estate Investment Trust 31 26,849 31.31 8,407 — — 8,407 SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2 62,637 21.27 13,323 — — 13,323 2020 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying Value Hana Semiconductor New Technology Fund W 99,315 24.30 24,131 — — 24,131 J&Magnet Startup Venture Specialized Private Equity Fund 24,331 24.39 5,935 — — 5,935 Cape IT Fund No.3 32,373 32.89 10,649 — — 10,649 FuturePlay-Shinhan TechInnovation Fund 1 8,590 50.00 4,295 — — 4,295 Stonebridge Corporate 1st Fund 7,341 44.12 3,239 — — 3,239 Vogo Realty Partners Private Real Estate Fund V 50,040 21.64 10,827 — — 10,827 Korea Credit Bureau 77,509 9.00 6,976 — — 6,976 Goduck Gangil1 PFV Co., Ltd (*1) (13,927 ) 1.04 (145 ) — 145 — SBC PFV Co., Ltd 112,795 25.00 18,208 — — 18,208 NH-amundi 87,678 50.00 43,839 — — 43,839 IMM Global Private Equity Fund 366,202 33.00 120,855 — — 120,855 HANA Alternative Estate Professional Private122 39,411 75.19 29,631 — — 29,631 Hanwha-Incus Plus New Technology Fund No.1 25,860 42.64 11,026 — — 11,026 SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond] 111,426 45.96 51,210 — — 51,210 SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust 395,815 72.39 286,531 — — 286,531 PSA EMP Private Equity Fund 33,856 28.99 9,814 — — 9,814 Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24 56,242 52.28 29,401 — — 29,401 BRAIN DO PROFESSIONALE PRIVATE No. 27 11,815 29.13 3,441 — — 3,441 UI Venture Fund 7th 13,445 24.39 3,279 — — 3,279 Sparklabs-Shinhan Opportunity Fund 1 9,760 49.50 4,832 — — 4,832 BNW Tech-Innovation Private Equity Fund 19,906 29.85 5,942 — — 5,942 IGIS Real-estate Private Investment Trust No.33 34,507 40.86 14,099 — — 14,099 Findvalue PreIPO 6th Professional Investment Type Private Investment Trust. 9,505 31.58 3,002 — — 3,002 WWG Global Real Estate Investment Trust no.4 60,071 29.55 17,752 — — 17,752 Fidelis Global Private Real Estate Trust No.2 24,899 78.26 19,485 — — 19,485 IGIS PRIVATE REAL ESTATE TRUST NO.331 12,238 30.77 3,765 — — 3,765 AIP EURO PRIVATE REAL ESTATE TRUST No. 12 172,755 28.70 48,344 — — 48,344 2020 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying Value Pebblestone CGV Private Real Estate Trust No.1 W 27,502 48.53 13,346 — — 13,346 Shinhan AIM Real Estate Fund No.2 74,880 30.00 22,464 — — 22,464 Shinhan AIM Real Estate Fund No.1 223,443 21.01 46,945 — — 46,945 SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business] 149,611 22.02 32,944 — — 32,944 SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business] 71,605 29.19 20,902 — — 20,902 SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2 9,368 71.43 6,692 — — 6,692 SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative] 16,150 30.00 4,845 — — 4,845 Korea Omega-Shinhan Project Fund I 11,861 50.00 5,931 — — 5,931 New Green Shinhan Mezzanine Fund 12,537 39.22 4,916 — — 4,916 KORAMKO-Daum Professional Private Investment Trust No.12 22,583 33.33 7,528 — — 7,528 Samsung SRA Real Estate Professional Private 45[FoFs] 42,665 25.00 10,666 — — 10,666 IBK Global New Renewable Energy Special Asset Professional Private2 111,605 28.98 32,349 — — 32,349 VS Cornerstone Fund 8,413 41.18 3,464 — — 3,464 Aone Mezzanine Opportunity Professional Private 14,490 66.12 9,580 — — 9,580 KiwoomUnicorn3New Technology Business Investment Fund 20,132 21.28 4,283 — — 4,283 Multi Asset The United States Thortons Professional Private1 (*2) 165,760 25.00 41,440 — — 41,440 Kiwoom Milestone US Real Estate Professional Private20 68,434 75.27 51,512 — — 51,512 NH-Amundi 98,161 25.91 25,430 — — 25,430 KB Distribution Private Real Estate1 (*2) 49,513 62.00 30,698 — — 30,698 SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business] (*2) 71,593 28.93 20,712 — — 20,712 2020 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying Value SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative] (*2) W 97,164 30.00 29,149 — — 29,149 Kakao-Shinhan 1st TNYT Fund 11,683 48.62 5,681 — — 5,681 IMM Special Situation 1-2 54,295 20.02 10,870 — — 10,870 Pacific Private Placement Real Estate Fund No.40 47,094 24.73 11,647 — — 11,647 Mastern Private Real Estate Loan Fund No.2 16,955 33.57 5,692 — — 5,692 LB Scotland Amazon Fulfillment Center Fund 29 44,455 70.14 31,182 — — 31,182 JR AMC Hungary Budapest Office Fund 16 37,469 32.57 12,204 — — 12,204 IGIS 372 Real Estate Professional Private 200,192 28.39 56,835 — — 56,835 KoFC-Neoplux R&D-Biz 2013-1 15,636 19.00 3,830 — — 3,830 Future-Creation Neoplux Venture Capital Fund 23,134 16.25 3,796 — — 3,796 Gyeonggi-Neoplux Superman Fund 31,712 21.76 6,399 — — 6,399 NewWave 6th Fund 20,501 30.00 6,150 — — 6,150 Neoplux No.3 Private Equity Fund 102,956 10.00 10,295 — — 10,295 PCC Amberstone Private Equity Fund I 103,736 21.67 22,480 — — 22,480 KIAMCO POWERLOAN TRUST 4TH 92,794 47.37 43,955 — — 43,955 Mastern Opportunity Seeking Real Estate Fund II 98,994 20.00 19,799 — — 19,799 AION ELFIS PROFESSIONAL PRIVATE 1 27,642 20.00 5,528 — — 5,528 T&F 2020 SS Private Equity Fund Specializing in Start-up 15,001 29.68 4,453 — — 4,453 Neoplux Market-Frontier Secondary Fund 54,727 19.74 11,545 — — 11,545 Synergy Green New Deal 1st New Technology Business Investment Fund 35,527 28.17 10,008 — — 10,008 KAIM Real-estate Private Investment Trust 20 13,254 38.46 5,098 — — 5,098 KIAMCO Vietnam Solar Special Asset Private Investment Trust 15,896 50.00 7,948 — — 7,948 CSQUARE SNIPER PROFESSIONAL PRIVATE 10 5,000 62.50 3,125 — — 3,125 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1 45,573 97.85 44,594 — — 44,594 IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2 45,573 97.85 44,594 — — 44,594 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 48,475 25.00 15,855 — — 15,855 2020 Investees Net assets (a) Ownership Interests (a)*(b) Intra-group Other Carrying Value IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 W 50,394 58.82 29,644 — — 29,644 SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2 70,473 30.00 21,142 — — 21,142 Kiwoom Private Equity Ant-Man 20,134 25.00 5,034 — — 5,034 Kiwoom Hero No.4 Private Equity Fund 22,358 21.05 4,707 — — 4,707 Vogo Canister Professional Trust Private Fund I 119,892 36.68 43,975 — — 43,975 Others 519,091 139,164 — — 139,164 W 8,101,037 2,657,250 (32 ) 550 2,657,768 (*1) Other adjustments represent the unrecognized equity method losses because the Group has stopped recognizing its equity method losses as the balance of the investment has been reduced to zero. (*2) Other represents the adjustments of fair value when acquired.
The unrecognized and cumulative unrecognized equity method losses	(e) The unrecognized equity method losses as of and for the years ended December 31, 2019 and 2020 are as follows: 2019 Investees Unrecognized equity Cumulative unrecognized Songrim Partners. W (14 ) (22 ) Hyungje art printing (45 ) (83 ) MIEL CO.,LTD (34 ) (34 ) IL GU FARM CO.,LTD (90 ) (90 ) W (183 ) (229 ) 2020 Investees Unrecognized equity Cumulative unrecognized Songrim Partners. W — (22 ) Multimedia Tech Co.Ltd (15 ) (15 ) Hyungje art printing (83 ) (83 ) MIEL CO.,LTD (25 ) (25 ) Goduck Gangil1 PFV Co., Ltd (145 ) (145 ) W (268 ) (290 )

Investment properties, net (Tab

Investment properties, net (Tables)	12 Months Ended
	Dec. 31, 2020
Investment properties, net [Abstract]
Investment properties	(a) Investment properties as of December 31, 2019 and 2020 are as follows: 2019 2020 Acquisition cost W 605,773 767,118 Accumulated depreciation (117,163 ) (151,883 ) Carrying value W 488,610 615,235
Changes in investment properties	(b) Changes in investment properties for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Beginning balance W 474,820 488,610 Acquisition 2,767 244,100 Disposal (73,588 ) (92,337 ) Depreciation (17,565 ) (20,165 ) Amounts transferred from (to) property and equipment 104,573 (4,064 ) Amounts transferred to assets held for sale (*) (15,795 ) (910 ) Foreign currency adjustment (169 ) 1 Business combination (Note 47) 13,567 — Ending balance W 488,610 615,235 (*) Comprise land and buildings, etc.
Income and expenses on investment property	(c) Income and expenses on investment property for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Rental income W 32,488 43,777 23,890 Direct operating expenses for investment properties that generated rental income 12,191 12,107 11,951
The fair value of investment property	(d) The fair value of investment property as of December 31, 2019 and 2020 is as follows: 2019 2020 Land and buildings (*) W 1,062,195 1,254,149 (*) Fair value of investment properties is estimated based in the recent market transaction conditions with an independent third party and certain significant unobservable inputs. Accordingly, fair value of investment properties is classified as level 3.

Other assets, net (Tables)

Other assets, net (Tables)	12 Months Ended
	Dec. 31, 2020
Other assets, net [Abstract]
Other assets	(a) Other assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Accounts receivable W 9,355,388 12,511,880 Domestic exchange settlement debit 4,337,628 4,055,744 Guarantee deposits 1,184,572 1,145,045 Present value discount on guarantee deposits (45,316 ) (33,062 ) Accrued income 2,612,823 2,535,847 Prepaid expense 193,849 202,218 Provisional payments 71,764 183,935 Sundry assets 93,766 106,341 Separate account assets 8,253,351 9,267,722 Advance payments 317,365 203,023 Unamortized deferred acquisition cost 907,868 979,942 Others 661,998 1,118,926 Allowances for credit loss of other assets (66,775 ) (82,895 ) W 32,194,666
Changes in unamortized deferred acquisition cost by insurance type	(b) Changes in unamortized deferred acquisition cost by insurance type for the year ended December 31, 2020 are as follows: 2020 Beginning Acquisition cost incurred Amortization Ending Cost Expensed Deferral Individual insurance Pure endowment insurance W 67,856 11,602 (6,450 ) 5,152 (35,504 ) 37,504 Death insurance 834,415 771,973 (298,355 ) 473,618 (375,111 ) 932,922 Endowment insurance 4,764 19,024 (11,001 ) 8,023 (3,862 ) 8,925 907,035 802,599 (315,806 ) 486,793 (414,477 ) 979,351 Group insurance Pure protection 833 343 (164 ) 179 (421 ) 591 W 907,868 802,942 (315,970 ) 486,972 (414,898 ) 979,942

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Gross investment and present value of minimum lease payment of finance lease	(a) Gross investment and present value of minimum lease payment of finance lease as of December 31, 2019 and 2020, are as follows: 2019 Gross investment Unearned finance Present value of Not later than 1 year W 529,326 94,809 434,517 1 ~ 2 years 443,708 63,226 380,482 2 ~ 3 years 469,754 37,725 432,029 3 ~ 4 years 289,798 16,773 273,025 4 ~ 5 years 150,811 4,225 146,586 Later than 5 years 16,782 44 16,738 W 1,900,179 216,802 1,683,377 (*) Interest income on finance lease receivables recognized for the year ended December 31, 2019 is W74,933 million. 2020 Gross investment Unearned finance Present value of Not later than 1 year W 678,790 73,230 605,560 1 ~ 2 years 527,757 43,701 484,056 2 ~ 3 years 391,447 21,169 370,278 3 ~ 4 years 219,040 6,089 212,951 4 ~ 5 years 93,975 432 93,543 Later than 5 years 6,320 53 6,267 W 1,917,329 144,674 1,772,655 (*) Interest income on finance lease receivables recognized for the year ended December 31, 2020 is W76,742 million.
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease	i) Finance lease 2019 Minimum lease Present value Present value of Not later than 1 year W 529,326 94,809 434,517 1 ~ 2 years 443,708 63,226 380,482 2 ~ 3 years 469,754 37,725 432,029 3 ~ 4 years 289,798 16,773 273,025 4 ~ 5 years 150,811 4,225 146,586 Later than 5 years 16,782 44 16,738 W 1,900,179 216,802 1,683,377 2020 Minimum lease Present value Present value of Not later than 1 year W 678,790 73,230 605,560 1 ~ 2 years 527,757 43,701 484,056 2 ~ 3 years 391,447 21,169 370,278 3 ~ 4 years 219,040 6,089 212,951 4 ~ 5 years 93,975 432 93,543 Later than 5 years 6,320 53 6,267 W 1,917,329 144,674 1,772,655
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease	ii) Operating lease Minimum lease payment 2019 2020 Not later than 1 year W 142,140 276,590 1 ~ 2 years 118,781 233,443 2 ~ 3 years 76,379 182,261 3 ~ 4 years 37,047 124,556 4 ~ 5 years 14,984 52,997 Later than 5 years 83 95,414 W 389,414 965,261
The changes in operating lease assets	(c) Changes in operating lease assets for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Beginning balance W 370,868 549,741 Acquisition 411,971 681,607 Disposal (134,810 ) (54,042 ) Depreciation (98,288 ) (163,006 ) Ending balance W 549,741 1,014,300
The right-of-use assets by the lessee's underlying asset type	(d) The details of the right-of-use 2019 Acquisition Accumulated Carrying Real estate W 1,306,759 (228,956 ) 1,077,803 Vehicle 30,051 (8,057 ) 21,994 Others 20,396 (7,397 ) 12,999 W (244,410) 1,112,796 2020 Acquisition Accumulated Carrying Real estate W 953,135 (396,716 ) 556,419 Vehicle 36,680 (16,059 ) 20,621 Others 26,368 (12,991 ) 13,377 W (425,766) 590,417
The changes in the right-of-use assets	(e) The details of the changes in the right-of-use 2019 Real estate Vehicle Others Total Beginning balance W 554,478 16,528 12,570 583,576 Acquisition 781,097 16,523 8,163 805,783 Disposal (10,808 ) (1,638 ) (149 ) (12,595 ) Depreciation (280,691 ) (10,094 ) (7,753 ) (298,538 ) Effects of foreign currency movements 2,890 91 — 2,981 Business combination 30,837 584 168 31,589 Ending balance W 1,077,803 21,994 12,999 1,112,796 2020 Real estate Vehicle Others Total Beginning balance W 1,077,803 21,994 12,999 1,112,796 Acquisition 286,981 12,556 6,421 305,958 Disposal (21,763 ) (2,394 ) (16 ) (24,173 ) Depreciation (268,376 ) (11,625 ) (6,027 ) (286,028 ) Substitution (513,437 ) — — (513,437 ) Effects of foreign currency movements (5,375 ) (5 ) — (5,380 ) Business combination (Note 47) 586 95 — 681 Ending balance W 556,419 20,621 13,377 590,417
The maturity of the lease liability	(f) The details of the maturity of the lease liability as of December 31, 2019 and 2020 are as follows: 2019 1 month 1 month ~ 3 months ~ 6 months ~ 1 year ~ More than Total Real estate W 20,967 34,357 47,644 86,228 848,699 28,973 1,066,868 Vehicle 1,378 1,542 2,178 4,108 14,410 — 23,616 Others 959 994 1,288 2,057 8,477 — 13,775 W 36,893 51,110 92,393 871,586 28,973 1,104,259 (*) The above amounts are based on undiscounted cash flows, and have been classified at the earliest maturity that the Group has the obligation to pay. 2020 1 month 1 month ~ 3 months ~ 6 months ~ 1 year ~ More than Total Real estate W 22,560 36,746 49,746 90,057 287,932 69,083 556,124 Vehicle 3,404 1,840 2,490 4,765 11,632 — 24,131 Others 520 806 1,203 2,031 9,345 1 13,906 W 39,392 53,439 96,853 308,909 69,084 594,161
The lease payments for low-value assets and short-term leases	(g) The lease payments for low-value 2019 2020 Low-value W 5,045 6,181 Short-term lease (*) 907 836 Total W 5,952 7,017 (*) The payments for leases with terms less than 1 month are included.

Pledged assets (Tables)

Pledged assets (Tables)	12 Months Ended
	Dec. 31, 2020
Pledged assets [Abstract]
Assets pledged as collateral	(a) Assets pledged as collateral as of December 31, 2019 and 2020 are as follows: 2019 2020 Reasons for collateral Loans at amortized cost W 128,163 — Borrowings Securities: Securities at FVTPL 15,016,057 15,328,573 Customer RP Securities at FVOCI 2,387,555 4,058,033 Borrowings, Settlement security for Bank of Korea, Borrowing securities, etc Securities at amortized cost 12,791,744 14,516,567 Borrowings, Settlement security for Bank of Korea, Customer RP, etc 30,195,356 33,903,173 Deposits at amortized cost 1,090,161 784,626 Borrowings Property and Equipment (real estate) 121,446 301,098 Set for near mortgage, etc Other financial assets 404 355 Performance guarantee, etc W 31,535,530 34,989,252 (*) The carrying amounts of assets pledged that the pledgees have the right to sell or re-pledge W W
The fair value of collateral held that the Group has the right to sell or repledge regardless of pledger's default	(b) The fair value of collateral held that the Group has the right to sell or re-pledge 2019 Collateral held The fair value of re-provided as collateral Assets pledged Assets received Securities W 9,240,573 2,007,036 — 2020 Collateral held The fair value of re-provided as collateral Assets pledged Assets received Securities W 10,487,095 2,871,910 —

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Deposits	20. Deposits Deposits as of December 31, 2019 and 2020 are as follows: 2019 2020 Demand deposits: Korean won W 103,048,895 132,444,929 Foreign currencies 13,233,812 16,280,268 116,282,707 148,725,197 Time deposits: Korean won 139,824,896 137,719,464 Foreign currencies 18,602,551 20,114,427 158,427,447 157,833,891 Certificates of deposits 9,707,791 5,946,704 Discount note deposits 4,579,587 6,226,937 CMA 3,987,372 4,006,319 Others 1,889,352 3,677,820 W 294,874,256 326,416,868

Financial liabilities at fair_2

Financial liabilities at fair value through profit or loss (Tables)	12 Months Ended
	Dec. 31, 2020
Financial liabilities at fair value through profit or loss [Abstract]
Financial liabilities at fair value through profit or loss	21. Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss as of December 31, 2019 and 2020 are as follows: 2019 2020 Securities sold: Stocks W 298,008 387,857 Bonds 825,942 503,920 Others 40,747 5,352 1,164,697 897,129 Gold/silver deposits 467,760 539,565 W 1,632,457 1,436,694

Financial liabilities designa_2

Financial liabilities designated at fair value through profit or loss (Tables)	12 Months Ended
	Dec. 31, 2020
Financial liabilities designated at fair value through profit or loss [Abstract]
Financial liabilities designated at fair value through profit or loss	22. Financial liabilities designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss as of December 31, 2019 and 2020 are as follows: 2019 2020 Reason for designation Equity-linked securities sold W 6,880,811 6,556,288 Combined instrument Securities sold with embedded derivatives 2,528,645 1,899,436 W 9,409,456 8,455,724 (*) The Group designated the financial liabilities at the initial recognition(or subsequently) in accordance with paragraph 6.7.1 of IFRS 9 as financial liabilities at fair value through profit or loss.

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2020
Borrowings [Abstract]
Borrowings	23. Borrowings Borrowings as of December 31, 2019 and 2020 are as follows: 2019 2020 Interest Amount Interest Amount Borrowings denominated in Korean won: Borrowings from Bank of Korea 0.50~0.75 W 2,429,346 0.25 W 5,351,110 Others 0.00~6.00 14,202,096 0.00~6.20 16,375,272 16,631,442 21,726,382 Borrowings denominated in foreign currencies: Overdraft due from banks 0.00 86,791 0.00 71,309 Borrowings from banks 0.11~7.50 6,576,849 0.00~8.00 5,423,571 Others 1.94~13.65 1,748,031 0.00~12.45 1,538,021 8,411,671 7,032,901 Call money 0.00~ 5.25 712,247 0.35~ 0.55 1,760,042 Bill of sale 0.80~ 1.60 19,070 0.00~ 1.10 10,706 Bonds sold under repurchase agreements: 0.95~ 5.40 9,089,736 0.00~ 5.15 11,065,584 Deferred origination costs (1,010 ) (1,551 ) W 34,863,156 W 41,594,064

Debt securities issued (Tables)

Debt securities issued (Tables)	12 Months Ended
	Dec. 31, 2020
Debt securities issued [Abstract]
Debt securities issued	24. Debt securities issued Debt securities issued as of December 31, 2019 and 2020 are as follows: 2019 2020 Interest Amount Interest Amount Debt securities issued in Korean won: Debt securities issued 0.71~8.00 W 60,501,093 0.67~8.00 W 59,816,756 Subordinated debt securities issued 2.20~4.60 4,370,145 2.20~4.60 4,370,125 Gain on fair value hedges — (87,692 ) — (63,652 ) Discount on debt securities issued — (66,334 ) — (39,309 ) 64,717,212 64,083,920 Debt securities issued in foreign currencies: Debt securities issued 0.01~7.59 6,750,085 0.25~7.59 7,182,619 Subordinated debt securities issued 3.34~5.10 3,797,536 3.34~5.10 3,598,624 Loss on fair value hedges — 141,264 — 309,880 Discount on debt securities issued — (42,733 ) — (40,649 ) 10,646,152 11,050,474 W 75,363,364 W 75,134,394

Employee benefits (Tables)

Employee benefits (Tables)	12 Months Ended
	Dec. 31, 2020
Defined benefit plan assets and liabilities [Abstract]
Defined benefit plan assets and liabilities	(a) Defined benefit obligations and plan assets The Group has operated a defined benefit plan and calculates defined benefit obligations based on the employee’s pension compensation benefits and service period. Defined benefit obligations and plan assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Present value of defined benefit obligations W 2,063,102 2,182,464 Fair value of plan assets (1,943,644 ) (2,138,324 ) Recognized liabilities for defined benefit obligations (*) W 119,458 44,140 (*) The net defined benefit obligation of W W W W W W
Changes in the present value of defined benefit obligation and plan assets	(b) Changes in the present value of defined benefit obligation and plan assets for the years ended December 31, 2019 and 2020 are as follows: 2019 Defined benefit Plan assets Net defined Beginning balance W 1,841,982 (1,714,634 ) 127,348 Included in profit or loss: Current service cost 172,490 — 172,490 Past service cost (1,588 ) — (1,588 ) Interest expense (income) 57,253 (54,336 ) 2,917 Settlement expense (income) (29 ) — (29 ) 228,126 (54,336 ) 173,790 Included in other comprehensive income: Remeasurement loss (gain): - Actuarial gains (losses) arising from : Demographic assumptions (7,584 ) — (7,584 ) Financial assumptions 53,475 — 53,475 Experience adjustment 8,001 — 8,001 - Return on plan assets excluding interest income — 21,719 21,719 53,892 21,719 75,611 Other: Benefits paid by the plan (87,066 ) 80,063 (7,003 ) Contributions paid into the plan — (252,858 ) (252,858 ) Settlement loss 216 — 216 Business combination (Note 47) 25,965 (23,598 ) 2,367 Effect of movements in exchange rates (13 ) — (13 ) (60,898 ) (196,393 ) (257,291 ) Ending balance W 2,063,102 (1,943,644 ) 119,458 2020 Defined benefit Plan assets Net defined Beginning balance W 2,063,102 (1,943,644 ) 119,458 Included in profit or loss: Current service cost 179,390 — 179,390 Past service cost 9,069 — 9,069 Interest expense (income) 57,674 (55,466 ) 2,208 Settlement expense (306 ) — (306 ) 245,827 (55,466 ) 190,361 Included in other comprehensive income: Remeasurement loss (gain): - Actuarial gains (losses) arising from : Demographic assumptions 18 — 18 Financial assumptions (44,424 ) — (44,424 ) Experience adjustment 2,957 — 2,957 - Return on plan assets excluding interest income — 20,027 20,027 (41,449 ) 20,027 (21,422 ) Other: Benefits paid by the plan (83,614 ) 77,567 (6,047 ) Contributions paid into the plan (268 ) (239,570 ) (239,838 ) Settlement gain or loss (2,695 ) 4,053 1,358 Business combination (Note 47) 2,139 (1,291 ) 848 Effect of movements in exchange rates (578 ) — (578 ) (85,016 ) (159,241 ) (244,257 ) Ending balance W 2,182,464 (2,138,324 ) 44,140 (*) Profit and loss related to defined benefit plans are included in the general administrative expense.
The composition of plan assets	(c) The composition of plan assets as of December 31, 2019 and 2020 are as follows: 2019 2020 Plan assets comprise: Equity securities W 256,353 74,631 Debt securities 28,094 23,713 Due from banks 1,577,274 1,900,963 Others 81,923 139,017 W 1,943,644 2,138,324
Actuarial assumptions	(d) Actuarial assumptions as of December 31, 2019 and 2020 are as follows: 2019 2020 Description Discount rate 2.71%~3.17% 2.68%~3.30% AA0 corporate bond yields Future salary increase rate 1.80%~4.00% + Upgrade rate 1.90%~4.00% + Upgrade rate Average for 5 years Weighted average maturity 8.2 years~ 16.2 years 7.6 years~ 15.4 years
Sensitivity analysis	(e) Sensitivity analysis As of December 31, 2019 and 2020, reasonably possible changes in one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below. 2019 Defined benefit obligation Increase Decrease Discount rate (1%p movement) W (201,770 ) 233,057 Future salary increase rate (1%p movement) 231,967 (204,242 ) 2020 Defined benefit obligation Increase Decrease Discount rate (1%p movement) W (207,093 ) 233,570 Future salary increase rate (1%p movement) 232,892 (210,305 )

Provisions (Tables)

Provisions (Tables)	12 Months Ended
	Dec. 31, 2020
Provisions [Abstract]
Provisions	(a) Provisions as of December 31, 2019 and 2020 are as follows: 2019 2020 Asset retirement obligations W 64,922 65,659 Expected loss related to litigation 8,789 12,468 Unused credit commitments 263,752 305,719 Financial guarantee contracts issued 100,430 83,851 Others 119,131 337,039 W 557,024 804,736
Changes in provision for unused credit commitments and financial guarantee contracts issued	(b) Changes in provision for unused credit commitments and financial guarantee contracts issued for the years ended December 31, 2019 and 2020 are as follows:. 2019 Unused credit commitments Financial guarantee contracts issued Total 12 months Life time Impaired financial asset 12 months Life time Impaired Beginning allowance W 126,402 100,808 5,137 64,194 5,904 1,757 304,202 Transfer to 12 months expected credit loss 42,838 (42,728 ) (110 ) 2,629 (2,629 ) — — Transfer to life time expected credit loss (9,286 ) 9,314 (28 ) (1,245 ) 1,245 — — Transfer to impaired financial asset (229 ) (752 ) 981 (12 ) — 12 — Provided (reversed) (28,611 ) 53,076 5,905 (4 ) 96 (943 ) 29,519 FX change 914 121 — 1,302 323 102 2,762 Others (*) — — — 1,603 630 (117 ) 2,116 Ending balance W 132,028 119,839 11,885 68,467 5,569 811 338,599 2020 Unused credit commitments Financial guarantee contracts issued Total 12 months Life time Impaired financial asset 12 months Life time Impaired Beginning allowance W 132,028 119,839 11,885 68,467 5,569 811 338,599 Transfer to 12 months expected credit loss 63,818 (55,295 ) (8,523 ) 2,059 (2,059 ) — — Transfer to life time expected credit loss (9,883 ) 11,365 (1,482 ) (3,951 ) 3,951 — — Transfer to impaired financial asset (244 ) (875 ) 1,119 — — — — Provided (reversed) (20,377 ) 65,455 (1,564 ) 8,258 1,845 (822 ) 52,795 FX change (1,195 ) (352 ) — (1,335 ) (223 ) (49 ) (3,154 ) Others (*) — — — (18,948 ) (1,748 ) 70 (20,626 ) Ending balance W 164,147 140,137 1,435 54,550 7,335 10 367,614 (*) Others include effects of the provision from the new financial guarantee contracts measured at fair value, and the expired contracts, and the change of discount rate.
Changes in provisions	(c) Changes in provisions for the years ended December 31, 2019 and 2020 are as follows: 2019 Asset Litigation Guarantee Other Total Beginning balance W 49,183 25,554 43,470 86,007 204,214 Provision(reversal) (1,280 ) (981 ) (19,329 ) (5,753 ) (27,343 ) Provision used (1,930 ) (17,365 ) — (47,217 ) (66,512 ) Foreign exchange translation — — 1,420 382 1,802 Others (*) 4,476 — 22 3,784 8,282 Business combination 14,473 1,581 — 81,928 97,982 Ending balance W 64,922 8,789 25,583 119,131 218,425 2020 Asset Litigation Guarantee Other Total Beginning balance W 64,922 8,789 25,583 119,131 218,425 Provision(reversal) 898 4,317 (2,709 ) 261,983 264,489 Provision used (2,463 ) (638 ) — (46,654 ) (49,755 ) Foreign exchange translation (3 ) — (1,030 ) 570 (463 ) Others (*) 2,305 — 112 1,814 4,231 Business combination (Note 47) — — — 195 195 Ending balance W 65,659 12,468 21,956 337,039 437,122 (*) Others include the effects of unwinding and changes in discount rate.
Allowance for guarantees and acceptances	(e) Allowance for guarantees and acceptances as of December 31, 2019 and 2020 are as follows: 2019 2020 Outstanding guarantees and acceptances W 9,319,885 10,249,827 Contingent guarantees and acceptances 3,669,697 3,433,953 ABS and ABCP purchase commitments 2,116,354 1,604,958 Endorsed bill 11,287 1,650 W 15,117,223 15,290,388 Allowance for loss on guarantees and acceptances W 100,430 83,851 Ratio %0.66 0.55

Liability under insurance con_2

Liability under insurance contracts (Tables)	12 Months Ended
	Dec. 31, 2020
Liability under insurance contracts [Abstract]
Insurance liabilities	(a) Insurance liabilities as of December 31, 2019 and 2020 are as follows: 2019 2020 Policy reserve W 52,086,132 53,391,401 Policyholder’s equity adjustment 77,285 68,829 W 52,163,417 53,460,230
Policy reserve	(b) Policy reserve as of December 31, 2019 and 2020 are as follows: 2019 2020 Interest rate linked W 30,058,020 29,977,303 Fixed interest rate 22,028,112 23,414,098 W 52,086,132 53,391,401
The details of policy reserves	(c) The details of policy reserves as of December 31, 2019 and 2020 are as follows: 2019 Individual insurance Group insurance Pure Death Endowment Subtotal Pure Savings Subtotal Total Premium reserve W 14,668,777 24,979,936 10,443,287 50,092,000 21,912 60 21,972 50,113,972 Guarantee reserve 29,400 249,845 744 279,989 — — — 279,989 Unearned premium reserve 2 945 — 947 291 — 291 1,238 Reserve for outstanding claims 212,641 1,084,472 233,259 1,530,372 16,858 — 16,858 1,547,230 Interest rate difference guarantee reserve 2,158 149 10 2,317 — — — 2,317 Mortality gains reserve 8,945 42,173 153 51,271 2 — 2 51,273 Interest gains reserve 24,486 267 17 24,770 — — — 24,770 Expense gains reserve 6,211 9,434 1 15,646 — — — 15,646 Long term duration dividend reserve 31,202 15,388 13 46,603 — — — 46,603 Reserve for policyholder’s profit dividend 2,268 — — 2,268 — — — 2,268 Reserve for losses on dividend insurance contract 826 — — 826 — — — 826 W 14,986,916 26,382,609 10,677,484 52,047,009 39,063 60 39,123 52,086,132 2020 Individual insurance Group insurance Pure endowment Death Endowment Subtotal Pure Savings Subtotal Total Premium reserve W 14,597,735 26,634,537 9,981,880 51,214,152 18,430 62 18,492 51,232,644 Guarantee reserve 28,168 267,154 762 296,084 — — — 296,084 Unearned premium reserve 1 1,640 — 1,641 13 — 13 1,654 Reserve for outstanding claims 240,324 1,111,052 363,688 1,715,064 15,384 — 15,384 1,730,448 Interest rate difference guarantee reserve 1,937 141 9 2,087 — — — 2,087 Mortality gains reserve 7,865 37,553 124 45,542 1 — 1 45,543 Interest gains reserve 23,651 256 14 23,921 — — — 23,921 Expense gains reserve 6,606 8,336 — 14,942 — — — 14,942 Long term duration dividend reserve 28,737 13,775 12 42,524 — — — 42,524 Reserve for policyholder’s profit dividend 1,080 — — 1,080 — — — 1,080 Reserve for losses on dividend insurance contract 474 — — 474 — — — 474 W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401
Changes in policy reserves	(d) Changes in policy reserves Changes in policy reserves for the year ended December 31, 2020 are as follows: 2020 Insurance fixed-interest Insurance variable-interest Total Beginning balance W 22,028,112 30,058,020 52,086,132 Reserve (*) 1,385,986 (80,717 ) 1,305,269 Ending balance W 23,414,098 29,977,303 53,391,401 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets.
Changes in policy reserves by insurance risk classification	(e) Changes in policy reserves by insurance risk classification Changes in insurance contract liabilities by insurance risk classification for the year ended December 31, 2020 are as follows: 2020 Individual insurance Group insurance Pure Death Endowment Sub-total Pure Savings Sub-total Total Beginning balance W 14,986,916 26,382,609 10,677,484 52,047,009 39,063 60 39,123 52,086,132 Reserve (reversal) (*) (50,338 ) 1,691,835 (330,995 ) 1,310,502 (5,235 ) 2 (5,233 ) 1,305,269 Ending balance W 14,936,578 28,074,444 10,346,489 53,357,511 33,828 62 33,890 53,391,401 (*) This is the amount of provision for insurance contract liabilities less changes in reinsurance assets.
Reinsurance credit risk	(f) Reinsurance credit risk as of December 31, 2019 and 2020 are as follows: 2019 2020 Reinsurance Reinsurance Reinsurance Reinsurance AAA W 11,477 18,192 10,611 47,690 AA- 34,498 46,302 29,294 23,348 A- 2,287 4,113 2,375 4,018 W 48,262 68,607 42,280 75,056
Income or expenses on insurance	(g) Income or expenses on insurance for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Insurance income: Premium income W 4,348,745 7,386,854 7,037,308 Reinsurance income 15,222 146,564 152,892 Separate account income 34,771 36,007 57,553 4,398,738 7,569,425 7,247,753 Insurance expenses: Claims paid 2,549,147 5,436,069 5,564,875 Reinsurance premium expenses 18,482 165,979 167,215 Provision for policy reserves (*) 1,694,716 1,724,816 1,311,252 Separate account expenses 34,770 36,007 57,553 Discount charge 669 657 1,087 Acquisition costs 454,479 805,508 802,942 Collection expenses 16,046 19,049 18,835 Deferred acquisition costs (283,665 ) (495,534 ) (486,972 ) Amortization of deferred acquisition costs 385,793 373,800 414,898 4,870,437 8,066,351 7,851,685 Net loss on insurance W (471,699 ) (496,926 ) (603,932 ) (*) Interest expenses on savings insurance contracts are included. (Accumulated W W W
Maturity of premium reserve	(h) Maturity of premium reserve as of December 31, 2019 and 2020 are as follows: 2019 Less than or 1 ~ 3 3 ~ 7 7 ~ 10 10 ~ 20 More than Total Interest rate linked W 845,304 2,079,125 2,118,652 941,413 2,236,313 20,732,909 28,953,716 Fixed interest rate 213,892 329,647 1,032,366 572,153 2,058,859 16,953,339 21,160,256 Ending balance W 1,059,196 2,408,772 3,151,018 1,513,566 4,295,172 37,686,248 50,113,972 2020 Less than or 1 ~ 3 3 ~ 7 7 ~ 10 10 ~ 20 More than Total Interest rate linked W 929,268 1,944,710 1,819,554 820,964 2,056,906 19,729,536 27,300,938 Fixed interest rate 164,890 418,574 983,635 594,667 2,090,669 19,679,271 23,931,706 Ending balance W 1,094,158 2,363,284 2,803,189 1,415,631 4,147,575 39,408,807 51,232,644
The result of liability adequacy test	(i) Liability adequacy test, LAT – Shinhan Life Insurance Co., Ltd. i) Scope Liability adequacy tests are performed on the premium reserve, unearned premium reserve and guarantee reserve for the contracts held at December 31, 2019 and 2020. The premium reserve considered the amount net level premium reserve less, where appropriate, deferred acquisition cost in accordance with the article 6-3 ii) Output overview In the debt appraisal system, the insurance premium surplus method is applied to calculate premium deficits. Premium deficiency refers to deficiency when the amount of accumulated reserve is insufficient due to a decrease in the interest rate after the sale of the product or an increase in the risk rate compared with the expected basic rate at the time of product development. The insurance premium standard inspection method is a method of calculating the reserve amount based on the present value of total income reflecting the interest rate, the risk rate, the business ratio, the cancellation rate, etc. and the present value of the total expenditure, that is, interest rate(discount rate), business ratio, risk rate, and cancellation rate calculated based on the Group’s own experience, which reflects company-specific characteristics, and does not reflect subjective factors such as management’s willingness to improve management. iii) The main assumptions and basis for calculation The main assumptions and basis for calculation used to calculate the current estimation of future cash flows in the liability adequacy test as of December 31, 2019 and 2020 are as follows: The criteria for liability adequacy test of insurance contracts have been changed for the year ended December 31, 2020. Therefore, the Group applied the change in accounting policies as it has judged that the changed in the criteria for liability adequacy test of insurance contracts would provide more reliable and relevant information about the current estimates of future cash flows. This change in accounting policy has no effect on the consolidated financial statements, but comparative notes have been adjusted. Assumptions January 1, 2019 December 31, December 31, 2020 Measurement basis Discount rate 2.10% ~ 7.45% 1.04% ~ 5.79% 1.30% ~ 12.01% The scenario adding liquidity premium to risk-free rate, which is suggested from Financial Supervisory Service Mortality rate 2.58% ~ 247.65% 11.36% ~ 497.99% 10.38% ~ 585.90% Ratio by claims paid per premium paid on risk premium based on experience-based rate by products, collateral of last 5 years. Operating expense rate Acquisition cost - The first time : 90.00% ~ 982.70% - From the second time : 0.00% ~ 193.50% Maintenance expense (each case): 207 won ~ 3,531 won Collection expenses (on gross premium): 0.04% ~ 1.10% Acquisition cost - The first time : 90.00% ~ 1,022.75% - From the second time : 0.00% ~ 193.50% Maintenance expense (each case): 1,229 won ~ 3,332 won Collection expenses (on gross premium): 0.05% ~ 1.27% Acquisition cost - The first time : 90.00% ~ 1,022.75% - From the second time : 0.00% ~ 193.50% Maintenance expense (each case): 1,559 won ~ 4,675 won Collection expenses (on gross premium): 0.06% ~ 1.28% Business rate on insurance premium or expenses per contract based on experience-based rate of last 1 year Surrender ratio 0.95% ~ 48.35% 0.76% ~ 33.03% 0.53% ~ 29.83% Surrender ratio by elapsed period, classes of sales channel, product of last 5 years iv) The result of liability adequacy test as of January 1, 2019, December 31, 2019 and 2020 are as follows: January 1, 2019 Provisions for test LAT base Premium surplus Participating – Fixed interest W 589,618 1,382,718 (793,100 ) Non- 6,009,771 2,850,853 3,158,918 Participating – Variable interest 859,858 962,368 (102,510 ) Non- 14,008,270 12,532,933 1,475,337 Variable type 143,230 (122,055 ) 265,285 W 21,610,747 17,606,817 4,003,930 December 31, 2019 Provisions for test LAT base Premium surplus Participating – Fixed interest W 595,317 1,307,717 (712,400 ) Non- 6,608,221 3,168,333 3,439,888 Participating – Variable interest 900,378 1,039,624 (139,246 ) Non- 14,481,697 13,045,229 1,436,468 Variable type 155,751 33,678 122,073 W 22,741,364 18,594,581 4,146,783 December 31, 2020 Provisions for test LAT base Premium surplus Participating – Fixed interest W 598,793 1,301,878 (703,085 ) Non- 7,230,482 3,543,525 3,686,957 Participating – Variable interest 915,382 1,013,181 (97,799 ) Non- 14,456,394 12,882,865 1,573,529 Variable type 165,259 36,127 129,132 W 23,366,310 18,777,576 4,588,734 (j) Liability adequacy test, LAT – Orange Life Insurance Co., Ltd. i) Scope Liability adequacy tests are performed on the premium reserve, unearned premium reserve and guarantee reserve for the contracts held at December 31, 2019 and 2020. The premium reserve considered the amount net level premium reserve less, where appropriate, deferred acquisition cost in accordance with the article 6-3 ii) Output overview In the debt appraisal system, the insurance premium surplus method is applied to calculate premium deficits. Premium deficiency refers to deficiency when the amount of accumulated reserve is insufficient due to a decrease in the interest rate after the sale of the product or an increase in the risk rate compared with the expected basic rate at the time of product development. The insurance premium standard inspection method is a method of calculating the reserve amount based on the present value of total income reflecting the interest rate, the risk rate, the business ratio, the cancellation rate, etc. and the present value of the total expenditure, that is, (discount rate), business ratio, risk rate, and cancellation rate calculated based on the Group’s own experience, which reflects company-specific characteristics, and does not reflect subjective factors such as management’s willingness to improve management. iii) The main assumptions and basis for calculation The main assumptions and basis for calculation used to calculate the current estimation of future cash flows in the liability adequacy test as of December 31, 2019 and 2020 are as follows: The criteria for liability adequacy test of insurance contracts have been changed for the year ended December 31, 2020. Therefore, the Group applied the change in accounting policies as it has judged that the changed in the criteria for liability adequacy test of insurance contracts would provide more reliable and relevant information about the current estimates of future cash flows. This change in accounting policy has no effect on the consolidated financial statements, but comparative notes have been adjusted. Assumptions January 1, 2019 December 31, 2019 December 31, 2020 Measurement basis Discount rate 1.95% ~ 8.57% 1.26% ~ 10.60% 0.79% ~ 10.54% The scenario adding liquidity premium to risk-free rate, which is suggested from Financial Supervisory Service Mortality rate 20.00% ~ 210.00% 20.00% ~ 255.00% 15.00% ~ 255.00% Ratio by claims paid per premium paid on risk premium based on experience-based rate by products, collateral of last 5 years. Operating expense rate Acquisition cost (each case): 9,000 won ~ 959,000 won - Proportional to annualized premium: 0.64% ~ 7.05% Maintenance expense (each case): 2,000 won ~ 34,500 won - Proportional to premium income: 0.48% ~ 0.60% - Proportional to surrender value: 0.12% Acquisition cost (each case): 5,500 won ~ 1,227,000 won - Proportional to annualized premium: 0.00% ~ 12.55% Maintenance expense (each case): 50 won ~ 32,500 won - Proportional to premium income: 0.42% ~ 3.45% - Proportional to surrender value: 0.12% Acquisition cost (each case): 0 won ~ 1,547,000 won - Proportional to annualized premium: 0.00% ~ 15.99% Maintenance expense (each case): 0 won ~ 36,000 won - Proportional to premium income: 0.12% ~ 0.85% - Proportional to surrender value: 0.12% Based on the recent one-year Surrender ratio 0.00% ~ 50.00% 0.00% ~ 50.00% 0.00% ~ 61.00% Based on experience statistics for the last five years or more, annual premiums are calculated based on product group, payment method, channel, and elapsed period. Payment status (full payment and pension initiation) and tax benefits are included. iv) The result of liability adequacy test as of January 1, 2019, December 31, 2019 and 2020 are as follows: January 1, 2019 Provisions for test LAT base Premium surplus Participating: Fixed interest W 688,330 644,225 44,105 Variable interest 1,097,211 1,472,060 (374,849 ) 1,785,541 2,116,285 (330,744 ) Non- Fixed interest 8,603,714 5,070,060 3,533,654 Variable interest 9,380,809 8,806,781 574,028 Performance allocation type (98,279 ) (1,744,683 ) 1,646,404 17,886,244 12,132,158 5,754,086 W 19,671,785 14,248,443 5,423,342 December 31, 2019 Provisions for test LAT base Premium surplus Participating: Fixed interest W 716,607 697,291 19,316 Variable interest 1,134,245 1,620,247 (486,002 ) 1,850,852 2,317,538 (466,686 ) Non- Fixed interest 9,296,542 5,150,200 4,146,342 Variable interest 9,236,730 8,924,855 311,875 Performance allocation type (54,457 ) (1,692,928 ) 1,638,471 18,478,815 12,382,127 6,096,688 W 20,329,667 14,699,665 5,630,002 December 31, 2020 Provisions for test LAT base Premium surplus Participating: Fixed interest W 745,614 694,536 51,078 Variable interest 1,174,807 1,649,073 (474,266 ) 1,920,421 2,343,609 (423,188 ) Non- Fixed interest 10,061,004 4,810,110 5,250,894 Variable interest 9,190,507 8,743,848 446,659 Performance allocation type (15,032 ) (1,589,500 ) 1,574,468 19,236,479 11,964,458 7,272,021 W 21,156,900 14,308,067 6,848,833

Other liabilities (Tables)

Other liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Other liabilities [Abstract]
Other liabilities	28. Other liabilities Other liabilities as of December 31, 2019 and 2020 are as follows: 2019 2020 Lease liabilities (*) W 1,104,259 594,161 Accounts payable 11,894,764 14,568,962 Accrued expenses 3,502,538 3,054,247 Dividend payable 31,599 32,508 Advance received 173,850 164,885 Unearned income 294,710 317,283 Withholding value-added tax and other taxes 720,053 692,719 Securities deposit received 1,903,119 2,198,722 Foreign exchange settlement pending 243,532 259,138 Domestic exchange settlement pending 1,452,955 5,745,338 Payable from trust account 5,350,285 5,086,459 Due to agencies 744,660 790,486 Deposits for subscription 60,500 148,506 Separate account liabilities 8,700,695 10,120,258 Sundry liabilities 1,968,823 1,617,449 Others 151,056 185,027 Present value discount (59,840 ) (49,935 ) W 45,526,213 (*) As of December 31, 2020, the Group accounts the lease liabilities as other liabilities. For the year ended December 31, 2020, the amount of variable lease payments that are not included in the measurement of lease liabilities is W W W

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Equity	(a) Equity as of December 31, 2019 and 2020 are as follows: 2019 2020 Capital stock: Common stock (*1) W 2,370,998 2,608,176 Preferred stock 361,465 361,465 2,732,463 2,969,641 Hybrid bond 1,731,235 2,179,934 Capital surplus: Share premium 10,155,150 11,352,924 Others 410,203 882,015 10,565,353 12,234,939 Capital adjustments (1,116,770 ) (687,935 ) Accumulated other comprehensive income, net of tax: Gain on financial assets at fair value through other comprehensive income 306,470 226,811 Gain(Loss) on financial assets at fair value through profit or loss (Overlay approach) 71,621 161,919 Equity in other comprehensive income of associates 8,177 4,849 Foreign currency translation adjustments for foreign operations (217,465 ) (377,061 ) Net loss from cash flow hedges (33,711 ) (48,171 ) Other comprehensive income of separate account 14,539 18,423 Actuarial losses (401,532 ) (385,780 ) Changes in own credit risk on financial liabilities designated under fair value option (8,255 ) (5,171 ) (260,156 ) (404,181 ) Retained earnings (*2)(*3)(*4) 25,525,821 27,777,169 Non-controlling 2,752,435 2,287,291 W 41,930,381 46,356,858 (*1) For the year ended December 31, 2020, it increased due to common stock and third-party allocation paid-in W (*2) As of December 31, 2019 and 2020, profits reserved by the Group as of Article 53 of the Financial Holding Companies Act amounted to W W (*3) As of December 31, 2019 and 2020, the regulatory reserves for loan losses the Group appropriated in retained earnings are W W (*4) As of December 31, 2020, profit dividends within retained earnings of subsidiaries of the Group subject to a restricted dividend in accordance with laws, etc. are amounted to W (*5) The non-controlling W (*6) As of December 31, 2019 and 2020, the total amounts of hybrid bonds that Shinhan Bank, Jeju Bank and Shinhan Capital have recognized as non-controlling W W W W non-controlling
Capital stock of the Group	(b) Capital stock Capital stock of the Group as of December 31, 2019 and 2020 are as follows: Number of authorized shares 1,000,000,000 Par value per share in won W 5,000 Number of issued common stocks as of December 31, 2019 474,199,587 Number of issued common stocks as of December 31, 2020 516,599,554 Number of issued preferred stocks as of December 31, 2019 and 2020 17,482,000 The details of changes in the number of common shares outstanding as of December 31, 2020 are as follows: 2020 Beginning balance 460,317,525 Increase 60,626,827 Decrease (5,049,594 ) Ending balance 515,894,758
Changes in the number of common shares outstanding	(c) The details of preferred stock are as follows: The number Contracted Conversion request Convertible preferred stock 17,482,000 4.0% per year based on issue price (non-cumulative 2020.05.01~2023.04.30 (*) Preferred stocks that have not been converted for 4 years from the issuance date and until the expiration date of the period of existence are automatically converted to common stocks at the expiration date of the period of existence.
Hybrid bond	(d) Hybrid bonds Hybrid bonds classified as other equity instruments as of December 31, 2019 and 2020 are as follows: Issue date Currency Maturity date Interest rate (%) 2019 2020 June 25, 2015 KRW June 25, 2045 4.38 W 199,455 199,455 September 15, 2017 ” — 3.77 134,683 134,683 September 15, 2017 ” — 4.25 89,783 89,783 April 13, 2018 ” — 4.08 134,678 134,678 April 13, 2018 ” — 4.56 14,955 14,955 August 29, 2018 ” — 4.15 398,679 398,679 June 28, 2019 ” — 3.27 199,476 199,476 September 17, 2020 ” — 3.12 — 448,699 August 13, 2018 USD — 5.88 559,526 559,526 W 1,731,235 2,179,934 (*) For the year ended December 31, 2020, the deduction for capital related to hybrid bonds issued is W The hybrid bonds above can be repaid early after 5 or 10 years from the date of issuance, and the controlling company has an unconditional right to extend the maturity under the same condition. In addition, if no dividend is to be paid for common stocks, the agreed interest is also not paid.
Capital adjustments	(e) Capital adjustments Changes in capital adjustments for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Beginning balance W (552,895 ) (1,116,770 ) Acquisition of treasury stocks (444,077 ) (150,467 ) Disposal and Retirement of treasury stocks — 601,809 The Acquisition commitment amount for subsidiaries’ remaining shares (125,830 ) (22,019 ) Other transactions with owners 6,032 (488 ) Ending balance W (1,116,770 ) (687,935 )
Changes in accumulated other comprehensive income	(f) Accumulated other comprehensive income Changes in accumulated other comprehensive income for the years ended December 31, 2019 and 2020 are as follows: 2019 Items that are or may be reclassified to profit or loss Items that will never be reclassified to profit or loss Total Gain (loss) on Gain (loss) on Equity in Foreign Net gain Other Remeasure Equity in Gain (loss) on Gain (loss) on Beginning balance W (51,300 ) (79,057 ) 4,891 (321,853 ) (17,751 ) 4,112 (346,682 ) (8 ) 54,258 170 (753,220 ) Change due to fair value 491,953 225,706 3,353 — — 14,382 — (11 ) 19,935 (11,621 ) 743,697 Reclassification: Change due to impairment or disposal (23,281 ) — — — — — — — — — (23,281 ) Effect of hedge accounting — — — — (75,020 ) — — — — — (75,020 ) Hedging (731 ) — — (49,361 ) 50,083 — — — — — (9 ) Effects from changes in foreign exchange rate — — — 147,899 — — — — 293 — 148,192 Remeasurements of the defined benefit plans — — — — — — (75,595 ) — — — (75,595 ) Deferred income taxes (115,856 ) (62,739 ) (51 ) 7,233 6,348 (3,955 ) 20,951 3 (7,204 ) 3,196 (152,074 ) Transfer to other account — — — — — — — — 5,860 — 5,860 Non-controlling (67,457 ) (12,289 ) — (1,383 ) 2,629 — (206 ) — — — (78,706 ) Ending balance W 233,328 71,621 8,193 (217,465 ) (33,711 ) 14,539 (401,532 ) (16 ) 73,142 (8,255 ) (260,156 ) 2020 Items that are or may be reclassified to profit or loss Items that will never be reclassified to profit or loss Total Gain (loss) on Gain (loss) on Equity in Foreign Net gain Other Remeasure Equity in Gain (loss) on Gain (loss) on Beginning balance W 233,328 71,621 8,193 (217,465 ) (33,711 ) 14,539 (401,532 ) (16 ) 73,142 (8,255 ) (260,156 ) Change due to fair value (3,601 ) 125,298 (1,080 ) — — 5,358 — (15 ) (19,133 ) (9,689 ) 97,138 Reclassification: Change due to impairment or disposal (105,274 ) — — 5,858 — — — — — 13,942 (85,474 ) Effect of hedge accounting — — — — 144,750 — — — — — 144,750 Hedging (4,395 ) — — 45,083 (164,708 ) — — — — — (124,020 ) Effects from changes in foreign exchange rate — 74 (355 ) (219,306 ) — — — — 721 — (218,866 ) Remeasurements of the defined benefit plans — — — — — — 21,422 — — — 21,422 Deferred income taxes 26,486 (35,074 ) (1,883 ) 7,000 5,498 (1,474 ) (5,610 ) 5 (2,573 ) (1,169 ) (8,794 ) Transfer to other account — — — — — — — — 27,825 — 27,825 Non-controlling 285 — — 1,769 — — (60 ) — — — 1,994 Ending balance W 146,829 161,919 4,875 (377,061 ) (48,171 ) 18,423 (385,780 ) (26 ) 79,982 (5,171 ) (404,181 )
Appropriation of retained earnings	(g) Appropriation of retained earnings The appropriation of retained earnings for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Date of appropriation: March 26, 2020 March 25, 2021 Unappropriated retained earnings: Balance at beginning of year W 5,184,339 5,251,413 Retirement of treasury stock — (150,325 ) Dividend to hybrid bonds (61,993 ) (85,327 ) Net income 1,129,173 1,274,443 6,251,519 6,290,204 Appropriation of retained earnings: Legal reserve (112,917 ) (127,444 ) Dividends Dividends on common stocks paid (851,587 ) (773,839 ) Dividends on preferred stocks paid (32,342 ) (29,999 ) Regulatory reserve for loan losses (3,260 ) (3,564 ) (1,000,106 ) (934,846 ) Unappropriated retained earnings to be carried over to subsequent year W 5,251,413 5,355,358 (*) These statements of appropriation of retained earnings are based on the separate financial statements of Shinhan Finance Group.
Changes in regulatory reserve for loan losses including non-controlling interests	i) Changes in regulatory reserve for loan losses including non-controlling 2019 2020 Beginning balance W 2,844,690 3,161,170 Business combination 25,608 — Planned regulatory reversal of loan losses 290,872 168,729 Ending balance W 3,161,170 3,329,899
Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses	2019 2020 Profit attributable to equity holders of Shinhan Financial Group W 3,403,497 3,414,595 Provision for regulatory reserve for loan losses (*1) (292,728 ) (177,620 ) Profit attributable to equity holders of Shinhan Financial Group adjusted for regulatory reserve W 3,110,769 3,236,975 Basic and diluted earnings per share adjusted for regulatory reserve in won (*2) 6,387 6,299 (*1) The increase in reserve for credit losses, W (*2) Dividends for hybrid bonds are deducted.
Acquisition of treasury stock	The acquisitions of treasury stock for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 (*) The number of Carrying The number of Carrying Beginning balance 3,648,659 W 155,923 13,882,062 W 600,000 Acquisition 10,233,403 444,077 5,049,594 150,467 Disposal — — 13,191,202 (572,252 ) Retirement — — 5,035,658 (150,000 ) Ending balance 13,882,062 W 600,000 704,796 W 28,215 (*) Changes in equity shares due to the exchange of shares with Orange Life Insurance Co., Ltd. and Neoplux Co, Ltd. are included in the acquisition and disposal for treasury stock. Shares of Shinhan Financial Group Co., Ltd. is owned by Orange Life Insurance Co., Ltd. and Neoplux Co, Ltd. are included in its own shares.

Dividends (Tables)

Dividends (Tables)	12 Months Ended
	Dec. 31, 2020
Dividends [Abstract]
Details of dividends recognized as distributions to stockholders	(a) Details of dividends recognized as distributions to stockholders for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 (*1) Common Stock: Total number of shares issued and outstanding 474,199,587 516,599,554 Par value per share in won 5,000 5,000 Dividend per share in won 1,850 1,500 Dividends (*2) W 851,587 773,839 Dividend rate per share (%) 37.0 30.0 Preferred Stock: Total number of shares issued and outstanding 17,482,000 17,482,000 Par value per share in won 5,000 5,000 Dividend per share in won 1,850 1,716 Dividends W 32,342 29,999 Dividend rate per share (%) 37.0 34.3 (*1) Dividends were decided on March 25, 2021. The amount of dividends was not recognized as a distribution to the owner during the period. (*2) Dividends on own shares held by the Group are excluded.
Dividend for hybrid bond	(b) Dividends for hybrid bond is calculated as follows for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Amount of hybrid bond W 1,738,150 2,188,150 Interest rate (%) 3.27 ~ 5.88 3.12 ~ 5.88 Dividends W 61,993 85,327

Net interest income (Tables)

Net interest income (Tables)	12 Months Ended
	Dec. 31, 2020
Net interest income [Abstract]
Net interest income	31. Net interest income Net interest income for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Interest income: Cash and deposits at amortized cost W 155,075 210,415 128,023 Deposits at FVTPL 33,845 31,506 13,888 Securities at FVTPL 623,651 740,378 742,958 Securities at FVOCI 759,301 1,077,995 957,817 Securities at amortized cost 730,382 1,061,262 1,076,849 Loans at amortized cost 11,158,558 12,435,302 11,697,775 Loans at FVTPL 23,110 56,961 73,991 Others 88,534 93,543 82,695 13,572,456 15,707,362 14,773,996 Interest expense: Deposits (3,091,659 ) (3,644,632 ) (2,842,625 ) Borrowings (468,068 ) (551,416 ) (426,607 ) Debt securities issued (1,336,840 ) (1,666,257 ) (1,554,544 ) Others (95,800 ) (107,093 ) (67,520 ) (4,992,367 ) (5,969,398 ) (4,891,296 ) Net interest income W 8,580,089 9,737,964 9,882,700

Net fees and commission income

Net fees and commission income (Tables)	12 Months Ended
	Dec. 31, 2020
Net fees and commission income [Abstract]
Net fees and commission income	32. Net fees and commission income Net fees and commission income for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Fees and commission income: Credit placement fees W 62,766 66,666 94,836 Commission received as electronic charge receipt 146,309 151,584 143,449 Brokerage fees 412,165 353,382 546,236 Commission received as agency 120,508 140,484 145,162 Investment banking fees 91,273 151,031 161,439 Commission received in foreign exchange activities 214,395 244,325 239,467 Asset management fees 235,275 307,167 255,043 Credit card fees 1,360,322 1,234,239 1,170,078 Operating lease fees (*) 82,141 142,025 245,173 Others 570,102 766,110 813,591 3,295,256 3,557,013 3,814,474 Fees and commission expense: Credit-related fee (36,817 ) (42,023 ) (46,456 ) Credit card fees (944,533 ) (915,521 ) (849,256 ) Others (374,909 ) (458,950 ) (535,829 ) (1,356,259 ) (1,416,494 ) (1,431,541 ) Net fees and commission income W 1,938,997 2,140,519 2,382,933 (*) Among operating lease fees recognized during the current and prior periods, there is no variable lease fee income which does not vary by index or rate.

Dividend income (Tables)

Dividend income (Tables)	12 Months Ended
	Dec. 31, 2020
Dividend income [Abstract]
Dividend income	Dividend income for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Securities at FVTPL W 70,955 65,572 76,453 Securities at FVOCI 16,871 16,586 21,503 W 87,826 82,158 97,956

Net gain (loss) on financial _3

Net gain (loss) on financial instruments measured at fair value through profit or loss (Tables)	12 Months Ended
	Dec. 31, 2020
Net gain (loss) on financial instruments measured at fair value through profit or loss [Abstract]
Net gain (loss) on financial instruments measured at fair value through profit or loss	34. Net gain (loss) on financial instruments measured at fair value through profit or loss Net gain (loss) on financial instruments measured at fair value through profit or loss for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Net gain (loss) on deposits measured at FVTPL Gain (loss) on valuation W (61,848 ) 87,374 1,267 Gain on sale — 13,400 28,461 (61,848 ) 100,774 29,728 Net gain (loss) on loans measured at FVTPL Gain (loss) on valuation 916 (248,032 ) (204,702 ) Gain on sale 9,133 10,395 17,516 10,049 (237,637 ) (187,186 ) Net gain (loss) on securities measured at FVTPL Debt securities Gain on valuation 111,029 137,181 41,208 Gain on sale 78,718 125,431 72,338 Other gains 223,731 297,024 331,837 413,478 559,636 445,383 Equity securities Gain on valuation 286,801 141,246 134,922 Gain (loss) on sale (275,356 ) 183,969 283,265 11,445 325,215 418,187 Other Gain on valuation 19,086 28,803 22,690 444,009 913,654 886,260 2018 2019 2020 Net gain (loss) on financial liabilities measured at FVTPL Debt securities Loss on valuation (115,667 ) (16,810 ) (48,261 ) Gain (loss) on disposal 268,932 (35,710 ) 82,724 153,265 (52,520 ) 34,463 Other Loss on valuation (14,892 ) (91,025 ) (83,316 ) Gain on disposal 1,394 4,169 8,313 (13,498 ) (86,856 ) (75,003 ) 139,767 (139,376 ) (40,540 ) Derivatives: Gain (loss) on valuation (291,879 ) 388,880 245,681 Gain on transaction 179,928 359,187 (661,113 ) (111,951 ) 748,067 (415,432 ) W 420,026 1,385,482 272,830

Net gain (loss) on financial _4

Net gain (loss) on financial instruments designated at fair value through profit or loss (Tables)	12 Months Ended
	Dec. 31, 2020
Net gain (loss) on financial instruments designated at fair value through profit or loss [Abstract]
Net gain (loss) on financial instruments designated at fair value through profit or loss	35. Net gain (loss) on financial instruments designated at fair value through profit or loss Net gain (loss) on financial instruments designated at fair value through profit or loss for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Financial assets designated at fair value through profit or loss: Equity securities: Loss on sale W (4,737 ) — — Financial liabilities designated at fair value through profit or loss: Borrowings: Gain (loss) on valuation 382,667 (33,871 ) 241,066 Loss on sale and redemption (404,573 ) (812,175 ) (42,827 ) W (26,643) (846,046 ) 198,239

Provision for allowance for c_2

Provision for allowance for credit loss (Tables)	12 Months Ended
	Dec. 31, 2020
Provision for allowance for credit loss [Abstract]
Provision for allowance for credit loss	36. Provision for allowance for credit loss Provision for allowance for credit loss on financial assets for the years ended December 31, 2019 and 2020 are as follows: 2019 2020 Loans at amortized cost W (910,898 ) (1,290,695 ) Other financial assets at amortized cost (33,945 ) (33,785 ) Securities at fair value through other comprehensive income (5,787 ) (3,829 ) Unused credit line and financial guarantee (29,519 ) (52,795 ) Securities at amortized cost (543 ) (1,075 ) W (980,692 ) (1,382,179 )

General and administrative ex_2

General and administrative expenses (Tables)	12 Months Ended
	Dec. 31, 2020
General and Administrative Expenses [Abstract]
General and administrative expenses	37. General and administrative expenses General and administrative expenses for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Employee benefits: Salaries W 2,736,604 2,918,065 3,034,543 Severance benefits: Defined contribution 23,745 35,972 36,660 Defined benefit 133,749 168,732 184,753 Termination benefits 115,275 122,732 94,723 3,009,373 3,245,501 3,350,679 Entertainment 30,442 36,931 34,963 Depreciation 171,771 479,657 475,506 Amortization 73,575 99,208 129,976 Taxes and utility bills 176,133 197,691 197,996 Advertising 287,688 265,739 204,308 Research 13,928 17,742 20,271 Others 978,665 792,205 798,774 W 4,741,575 5,134,674 5,212,473

Share-based payments (Tables)

Share-based payments (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based payments [Abstract]
Stock options granted	(a) Stock options granted as of December 31, 2020 are as follows: 6th grant (*) 7th grant (*) Type Cash payment Cash payment Grant date March 20, 2007 March 19, 2008 Exercise price in Korean won W W Number of shares granted 1,301,050 808,700 Options’ expiry dates August 19, 2020 May 17, 2021 / September 17, 2021 Changes in number of shares granted: Beginning balance 58,764 36,162 Exercised and cancelled 58,764 — Ending balance — 36,162 W (Expiration of exercise period : Fair value per share in Korean won — W (Expiration of exercise period : (*) All of stock options have vested as of December 31, 2020, and the weighted average exercise price for 36,162 stock options outstanding as of December 31, 2020 is W
Performance shares granted	(b) Performance shares granted as of December 31, 2020 are as follows: Expired Not expired Type Cash-settled share-based payment Performance conditions (*1) Relative stock price linked (20.0%), management index (80.0%) Exercising period 4 years from the commencement date of the year to which the grant date belongs (5 years in the case of deferred payment) Estimated number of shares vested at December 31, 2020 468,013 1,601,729 Fair value per share in Korean won (*2) W W W W (*1) Starting with the shares provided from 2020, Shinhan Financial Group and Shinhan Bank will apply relative stock price linked (20.0%), management index (60.0%), and prudential index (20.0%). (*2) Based on performance-based stock compensation, the reference stock price (the arithmetic average of the weighted average share price of transaction volume for the past two month, the previous one month, and the past one week) of four years (In the case of deferred quantity for after five years) after the commencement of the grant year is paid in cash, and the fair value of the reference stock to be paid in the future is assessed as the closing price of the settlement.
Share-based compensation costs	(c) Share-based compensation costs for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 Employees of The controlling The subsidiaries Total Stock options granted: 4th W — (14 ) (14 ) 5th — (19 ) (19 ) 6th (23 ) (139 ) (162 ) 7th (59 ) (86 ) (145 ) Performance share 1,154 9,768 10,922 W 1,072 9,510 10,582 2019 Employees of The controlling The subsidiaries Total Stock options granted: 5th W — 9 9 6th (3 ) (15 ) (18 ) 7th (5 ) (6 ) (11 ) Performance share 4,678 32,646 37,324 W 4,670 32,634 37,304 2020 Employees of The controlling The subsidiaries Total Stock options granted: 6th W (1 ) (4 ) (5 ) 7th (18 ) (26 ) (44 ) Performance share (257 ) (3,902 ) (4,159 ) W (276 ) (3,932 ) (4,208 )
Accrued expenses and the intrinsic value	(d) Accrued expenses and the intrinsic value as of December 31, 2019 and 2020 are as follows: 2019 Accrued expenses (*) Employees of The controlling The subsidiaries Total Stock options granted: 6th W 1 4 5 7th 19 27 46 Performance share 10,003 81,352 91,355 W 10,023 81,383 91,406 (*) The intrinsic value of share-based payments is W W 2020 Accrued expenses (*) Employees of The controlling The subsidiaries Total Stock options granted: 7th W 1 1 2 Performance share 7,201 60,241 67,442 W 7,202 60,242 67,444 (*) The intrinsic value of share-based payments is W W

Net other operating expense (Ta

Net other operating expense (Tables)	12 Months Ended
	Dec. 31, 2020
Net other operating expense [Abstract]
Net other operating expense	39. Net other operating expense Other operating income and other operating expense for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Other operating income Gain on disposal of assets: Loans at amortized cost W 40,624 18,298 21,348 Others: Gain on hedged items 418,390 564,438 536,768 Reversal of allowance for guarantees and acceptances 2,834 19,329 2,709 Gain on other trust accounts — 27 — Reversal of other allowance 5,033 11,194 850 Others 131,345 97,777 164,999 557,602 692,765 705,326 598,226 711,063 726,674 Other operating expense Loss on disposal of assets: Loans at amortized cost (14,271 ) (27,291 ) (18,675 ) Others: Loss on hedged items (406,872 ) (596,533 ) (605,808 ) Fund contribution (283,331 ) (311,336 ) (367,993 ) Provision for other debt allowances (13,036 ) (6,939 ) (16,862 ) Depreciation of operating lease assets (56,570 ) (98,288 ) (163,006 ) Others (653,501 ) (857,918 ) (924,796 ) (1,413,310 ) (1,871,014 ) (2,078,465 ) (1,427,581 ) (1,898,305 ) (2,097,140 ) Net other operating expenses W (829,355 ) (1,187,242 ) (1,370,466 )

Net other non-operating income

Net other non-operating income (Tables)	12 Months Ended
	Dec. 31, 2020
Net other non-operating income [Abstract]
Net other non-operating income	40. Net other non-operating Other non-operating non-operating 2018 2019 2020 Other non-operating Gain on disposal of assets: Property and equipment (*) W 12,611 1,452 64,427 Investment property (*) 4,783 12,640 20,701 Assets held for sale — — 1,147 Lease assets 1,153 1,681 2,712 Right-of-use — 1,112 3,415 Others — 407 24 18,547 17,292 92,426 Gain on disposal of Investments in associates 17,427 3,461 11,325 Others: Rental income on investment property 32,488 43,777 23,890 Reversal of impairment losses on intangible asset 62 438 119 Gain from assets contributed 77 86 4 Others 49,276 82,879 66,268 81,903 127,180 90,281 117,877 147,933 194,032 Other non-operating Loss on disposal of assets: Property and equipment (*) (3,082 ) (870 ) (5,884 ) Investment property (2,958 ) — — Lease assets (3,964 ) (3,221 ) (5,538 ) Right-of-use — (306 ) (1,195 ) Others (3 ) — (64 ) (10,007 ) (4,397 ) (12,681 ) Loss on disposal of investments in associates (11,546 ) (3,974 ) (5,754 ) Impairment loss on investments in associates (5,849 ) — (9,407 ) (17,395 ) (3,974 ) (15,161 ) Others: Donations (88,650 ) (94,937 ) (86,608 ) Depreciation of investment properties (16,917 ) (17,565 ) (20,165 ) Impairment loss on intangible assets (771 ) (152,081 ) (41,429 ) Write-off (1,537 ) (9,221 ) (474 ) Expenses on collection of special bonds (6,048 ) (7,322 ) (7,978 ) Others (26,844 ) (46,465 ) (344,934 ) (140,767 ) (327,591 ) (501,588 ) (168,169 ) (335,962 ) (529,430 ) Net other non-operating W (50,292 ) (188,029 ) (335,398 ) (*) Gain and loss on disposal of sale-and-leaseback sale-and-leaseback W

Income tax expense (Tables)

Income tax expense (Tables)	12 Months Ended
	Dec. 31, 2020
Income tax expense [Abstract]
Income tax expense	(a) Income tax expense for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Current income tax expense W 896,755 1,115,724 1,131,254 Temporary differences 383,190 296,244 131,862 Income tax recognized in other comprehensive income (11,600 ) (142,844 ) (7,321 ) Income tax expenses W 1,268,345 1,269,124 1,255,795
Income tax expense calculated by multiplying net income before tax with the tax rate	(b) Income tax expense calculated by multiplying net income before tax with the tax rate for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Profit before income taxes W 4,466,610 4,911,508 4,753,871 Income taxes at statutory tax rates 1,222,840 1,345,187 1,301,836 Adjustments: Non-taxable (9,561 ) 8,500 (4,932 ) Non-deductible 12,854 18,461 14,529 Tax credit (23,317 ) (2,289 ) (88 ) Other 65,529 (100,735 ) (55,550 ) Income tax expense W 1,268,345 1,269,124 1,255,795 Effective tax rate % 28.40 25.84 26.42
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences	(c) Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences for the years ended December 31, 2019 and 2020 are as follows: 2019 Beginning Business Profit or Other Ending Unearned income W (255,336 ) (62,077 ) (14,266 ) — (331,679 ) Account receivable (24,139 ) — (2,185 ) — (26,324 ) Financial assets at fair value through profit or loss 48,277 9,284 (20,972 ) (56,654 ) (20,065 ) Securities at fair value through other comprehensive income 177,358 (554,017 ) 425,491 (130,344 ) (81,512 ) Investment in associates 24,743 — (5,937 ) (48 ) 18,758 Valuation and depreciation of property and equipment (161,996 ) — 10,950 — (151,046 ) Derivative asset (liability) 111,751 (1,132 ) (97,147 ) 7,533 21,005 Deposits 28,036 — 2,605 — 30,641 Accrued expenses 132,689 15,298 (2,493 ) — 145,494 Defined benefit obligation 447,658 4,805 33,321 20,348 506,132 Plan assets (446,323 ) (4,610 ) (57,165 ) 958 (507,140 ) Other provisions 194,475 2,283 16,297 — 213,055 Allowance for acceptances and guarantees 29,157 42,234 8,623 — 80,014 Allowance related to asset revaluation (49,713 ) — — — (49,713 ) Allowance for expensing depreciation (465 ) — 64 — (401 ) Deemed dividend — — — — — Accrued contributions 21,711 — 15,107 — 36,818 Financial instruments designated at fair value through profit of loss (87,408 ) — 130,225 — 42,817 Allowances 48,784 — (10,716 ) — 38,068 Fictitious dividend 1,325 — 16 — 1,341 Liability under insurance contracts 22,593 — 1,554 — 24,147 Deficit carried over — — — — — Others (225,676 ) 204,351 (537,808 ) 15,363 (543,770 ) 37,501 (343,581 ) (104,436 ) (142,844 ) (553,360 ) Expired unused tax losses: Extinguishment of deposit and insurance liabilities 367,444 — (47,433 ) — 320,011 W 404,945 (343,581 ) (151,869 ) (142,844 ) (233,349 ) (*) Deferred tax assets from overseas subsidiaries are increased by W 2020 Beginning Business Profit or Other Ending Unearned income W (331,679 ) — 3,401 — (328,278 ) Account receivable (26,324 ) — (2,754 ) — (29,078 ) Financial assets measured at fair value (101,577 ) 1,750 (28,950 ) (13,308 ) (142,085 ) Investment in associates and etc 18,758 — 144,390 (1,878 ) 161,270 Valuation and depreciation of property and equipment (151,046 ) 7 253 — (150,786 ) Derivative asset (liability) 21,005 — (80,357 ) 3,762 (55,590 ) Deposits 30,641 — (3,009 ) — 27,632 Accrued expenses 145,494 441 (5,071 ) — 140,864 Defined benefit obligation 506,132 209 39,072 (6,759 ) 538,654 Plan assets (507,140 ) — (47,934 ) 1,167 (553,907 ) Other provisions 213,055 — 99,223 — 312,278 Allowance for acceptances and guarantees 80,014 — 8,036 — 88,050 Allowance related to asset revaluation (49,713 ) — — — (49,713 ) Allowance for expensing depreciation (401 ) — 64 — (337 ) Deemed dividend — — — — — Accrued contributions 36,818 — (20,200 ) — 16,618 Financial instruments designated at fair value through profit of loss 42,817 — (71,043 ) — (28,226 ) Allowances 38,068 — 185,583 — 223,651 Fictitious dividend 1,341 — 14,950 — 16,291 Liability under insurance contracts 24,147 — (22,408 ) — 1,739 Deficit carried over — — 311 — 311 Others (543,770 ) 451 (304,112 ) 9,695 (837,736 ) (553,360 ) 2,858 (90,555 ) (7,321 ) (648,378 ) Expired unused tax losses: Extinguishment of deposit and insurance liabilities 320,011 — (35,944 ) — 284,067 W (233,349 ) 2,858 (126,499 ) (7,321 ) (364,311 ) (*) Deferred tax assets from overseas subsidiaries are increased by W
Deferred tax assets and liabilities that were directly charged or credited to equity	(d) Deferred tax assets and liabilities that are directly charged or credited to equity for the years ended December 31, 2019 and 2020 are as follows: January 1, 2019 Changes December 31, 2019 OCI Tax effect OCI Tax effect OCI Tax effect Gain (loss) on valuation of financial assets measured at FVOCI W 11,713 (8,754 ) 427,657 (124,147 ) 439,370 (132,901 ) Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk 235 (65 ) (11,621 ) 3,196 (11,386 ) 3,131 Foreign currency translation adjustments for foreign operations (306,766 ) (15,087 ) 98,418 5,970 (208,348 ) (9,117 ) Gain (loss) on cash flow hedge (24,485 ) 6,733 (23,492 ) 7,533 (47,977 ) 14,266 Equity in other comprehensive income of associates 4,957 (74 ) 3,343 (48 ) 8,300 (122 ) The accumulated other comprehensive income in separate account (*) 5,672 (1,560 ) 14,382 (3,955 ) 20,054 (5,515 ) Remeasurements of the defined benefit liability (477,382 ) 130,700 (76,156 ) 21,306 (553,538 ) 152,006 Gain (loss) on valuation of financial asset measured at FVTPL (Overlay approach) (108,655 ) 29,597 207,333 (56,654 ) 98,678 (27,057 ) W (894,711 ) 141,490 639,864 (146,799 ) (254,847 ) (5,309 ) January 1, 2020 Changes December 31, 2020 OCI Tax effect OCI Tax effect OCI Tax effect Gain (loss) on valuation of financial assets measured at FVOCI W 439,370 (132,901 ) (103,570 ) 23,912 335,800 (108,989 ) Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk (11,386 ) 3,131 4,253 (1,170 ) (7,133 ) 1,961 Foreign currency translation adjustments for foreign operations (208,348 ) (9,117 ) (166,596 ) 7,000 (374,944 ) (2,117 ) Gain (loss) on cash flow hedge (47,977 ) 14,266 (19,958 ) 5,498 (67,935 ) 19,764 Equity in other comprehensive income of associates 8,300 (122 ) (1,450 ) (1,878 ) 6,850 (2,000 ) The accumulated other comprehensive income in separate account (*) 20,054 (5,515 ) 5,358 (1,473 ) 25,412 (6,988 ) Remeasurements of the defined benefit liability (553,538 ) 152,006 21,362 (5,610 ) (532,176 ) 146,396 Gain (loss) on valuation of financial asset measured at FVTPL (Overlay approach) 98,678 (27,057 ) 125,371 (35,073 ) 224,049 (62,130 ) W (254,847 ) (5,309 ) (135,230 ) (8,794 ) (390,077 ) (14,103 ) (*) Deferred tax effects, which are originated from the accumulated other comprehensive income in separate account, are included in the other liabilities of principle and interest guaranteed separate account’s financial statement.
The amount of deductible temporary differences, unused tax losses, and unused tax credits that are not recognized as deferred tax assets	(e) There is no the amount of deductible temporary differences, unused tax losses, and unused tax credits that are not recognized as deferred tax assets as of December 31, 2019 and 2020.
The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities	(f) The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities as of December 31, 2019 and 2020 are as follows: 2019 2020 Investment in associates W (766,888) (897,110 )
Deferred tax assets and liabilities presented on a gross basis prior to any offsetting	(g) The Group set off a deferred tax asset against a deferred tax liability of the same taxable entity if, and only if, they relate to income taxes levied by the same taxation authority and the entity has a legally enforceable right to set off current tax assets against current tax liabilities. Deferred tax assets and liabilities presented on a gross basis prior to any offsetting as of December 31, 2019 and 2020 are as follows: 2019 2020 Deferred tax assets W 518,337 440,430 Deferred tax liabilities (751,686 ) (804,741 )

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings per share [Abstract]
Earnings per share	42. Earnings per share (a) Basic and diluted earnings per share for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Profit attributable to equity holders of Shinhan Financial Group W 3,156,722 3,403,497 3,414,595 Less: Dividends to hybrid bond (40,357 ) (61,993 ) (85,327 ) Net profit available for common stock W 3,116,365 3,341,504 3,329,268 Weighted average number of common shares outstanding (*1) 473,649,076 477,346,731 500,343,324 Basic and diluted earnings per share in won W 6,579 7,000 6,654 (*1) The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019. (*2) Treasury stock has retired on June 1, 2020. (b) The calculation details of the weighted average number of ordinary shares are as follows: 2020 Number of shares Number of days Number of common shares issued 516,599,554 178,880,869,852 Shares of convertible preferred stock 17,482,000 6,398,412,000 Shares of treasury stock (704,796 ) (2,153,625,403 ) Average number of ordinary shares 533,376,758 183,125,656,449 Days 366 days Weighted average number of ordinary shares 500,343,324

Commitments and contingencies (

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and contingencies [Abstract]
Guarantees, acceptances and credit commitments	(a) Guarantees, acceptances and credit commitments as of December 31, 2019 and 2020 are as follows: 2019 2020 Guarantees: Outstanding guarantees W 9,319,885 10,249,827 Contingent guarantees 3,669,697 3,433,953 12,989,582 13,683,780 Commitments to extend credit: Loan commitments in won 74,393,722 80,598,639 Loan commitments in foreign currency 22,542,776 19,319,903 ABS and ABCP commitments 2,116,354 1,604,958 Others 81,387,165 87,718,227 180,440,017 189,241,727 Endorsed bills: Secured endorsed bills 11,287 1,650 Unsecured endorsed bills 6,737,097 7,324,559 6,748,384 7,326,209 Loans sold with repurchase agreement 2,099 — W 200,180,082 210,251,716
Pending litigations	(b) Pending litigations The Group’s pending lawsuits as a defendant as of December 31, 2020 are as follows: Case Number of Claim Description Status Claim for the payment to execute the assignment order 1 W 7,099 For the deposits at the Group owned by one of the debtor, the plaintiff has received a provisional seizure order, bond seizure and an assignment order that assigned the Bank as a third party debtor. Accordingly, the plaintiff filed a claim against the Bank for the debt payment to execute the assignment order. In progress for the first order. Deposit return 1 5,575 Hanwha Savings Bank, a party to the lender of Meat Loan, filed a lawsuit against all creditors to confirm deposit accounts for the sale of frozen meat. As a result, the lawsuit has been commissioned by HYUN, the legal firm, proceed a Matron’s private lawsuit related the Group. In progress for the first order. Gampo Ramada 1 5,658 The plaintiff has requested the intermediate loan of the repayment of loans until now because the Group planned for a three months extension of the maturity of the intermediate loan and have made a commitment to repay the principal and interest of the unpaid intermediate payment loan to the plaintiff after three months. The Group lost the first and second order (2021.01.14) and the third order is ongoing. Others 530 301,460 It includes various cases, such as compensation for loss claim. 533 W 319,792 As of the December 31, 2020, the Group has recorded W W

Statement of cash flows (Tables

Statement of cash flows (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of cash flow statement [Abstract]
Cash and cash equivalents in the consolidated statements of cash flows	(a) Cash and cash equivalents in the consolidated statements of cash flows as of December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Cash and due from banks at amortized cost W 17,363,450 28,435,818 33,420,549 Adjustments: Due from financial institutions with a maturity over three months from date of acquisition (3,008,188 ) (3,349,719 ) (2,488,156 ) Restricted due from banks (6,175,506 ) (16,506,925 ) (21,969,411 ) W 8,179,756 8,579,174 8,962,982
Significant non-cash activities	(b) Significant non-cash 2018 2019 2020 Debt-equity swap W 28,759 224,093 58,528 Transfers from construction-in-progress 6,319 76,004 56,575 Transfers between property and equipment and investment property 28,199 104,573 4,064 Transfers between assets held for sale and property and equipment 80 455 31,633 Transfers between investment property and assets held for sale — 15,795 910 Accounts payable for purchase of intangible assets, etc. 1,047 472,798 137,476 Transaction for right-of-use — 1,376,764 281,785 Exchange of shares related to acquisition of subsidiaries — — 629,449 Exchange of shares related to disposal of treasury stocks — — 287,669
Changes in assets and liabilities arising from financing activities	(c) Changes in assets and liabilities arising from financing activities for the years ended December 31, 2019 and 2020 are as follows: 2019 Net derivative Borrowings Debentures Lease Beginning balance W (77,102 ) 29,818,542 63,227,699 536,842 Changes from cash flows 21,958 5,017,269 11,201,673 (269,362 ) Changes from non-cash Amortization of discount on borrowings and debentures — 58,320 352,524 11,291 Changes in foreign currency exchange rate — 173,623 282,534 — Others 60,966 (204,598 ) 298,934 792,901 Business combination — — — 32,587 Ending balance W 5,822 34,863,156 75,363,364 1,104,259

Related parties (Tables)

Related parties (Tables)	12 Months Ended
	Dec. 31, 2020
Related parties [Abstract]
Balances with the related parties	(a) Balances with the related parties as of December 31, 2019 and 2020 are as follows: Related party Account 2019 2020 Investments in associates: BNP Paribas Cardif Life Insurance Other assets W 92 76 ” Credit card loans 173 81 ” Deposits 402 13,941 Partners 4th Growth Investment Fund Deposits 1,443 2,802 BNP Paribas Cardif General Insurance Credit card loans 26 21 ” Other assets 401 — ” Deposits 17 41 Shinhan Praxis K-Growth Other assets 91 — Dream High Fund III Deposits 5 4 Credian Healthcare Private Equity Fund II Deposits 4 2 Midas Dong-A Deposits 233 1,739 Eum Private Equity Fund No.3 Deposits 353 20 Incorporated association Finance Saving Information Center Deposits 6 7 GX Shinhan interest 1 st Unearned revenue 248 — Nomura investment property trust No.19 Loans 11,973 11,976 ” Other assets 42 44 Related party Account 2019 2020 Investments in associates (continued): SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Other assets W 678 1,160 Shinhan-Stonebridge Petro Private Equity Fund (*) Other assets 810 — Korea Finance Security Deposits 362 568 SHINHAN-CORE TREND GLOBAL FUND 1 Unearned revenue 9 16 Hermes Private Investment Equity Fund Deposits 275 352 Multimedia Tech Co.Ltd Deposits 3 — Korea Credit Bureau Deposits 80 2,088 Goduck Gangil1 PFV Co., Ltd Loans 24,000 24,000 ” ACL (78 ) (71 ) SBC PFV Co., Ltd Deposits 5,142 8,011 GMG Development Co,. Ltd (*) Deposits 300 — Sprott Global Renewable Private Equity Fund I Deposits 342 258 IMM Global Private Equity Fund Loans 800 800 ” ACL (3 ) (2 ) ” Deposits 7,598 10,820 Goduck Gangil10 PFV Co., Ltd Loans — 9,400 ” ACL — (19 ) ” Deposits — 2,718 Shinhan Global Healthcare Fund 2 Deposits — 1 One Shinhan Global Fund 1 Unearned revenue — 122 IGIS PRIVATE REAL ESTATE TRUST NO.331 Loans — 9,919 ” Accrued income — 121 ” Unearned revenue — 22 COSPEC BIM tech Loans — 151 ” ACL — (95 ) ” Deposits — 1 IMM Special Situation 1-2 Deposits — 117 EDNCENTRAL Co.,Ltd. Loans — 19,450 ” Accrued income — 9 ” Unearned revenue — 578 KoFC-Neoplux R&D-Biz 2013-1 Account receivables — 2,823 Future-Creation Neoplux Venture Capital Fund Account receivables — 4,137 Neoplux Market-Frontier Secondary Fund Account receivables — 1,630 Gyeonggi-Neoplux Superman Fund Account receivables — 186 Shinhan-Neoplux Energy Newbiz Fund Account receivables — 25 Related party Account 2019 2020 Investments in associates (continued): SHINHAN-NEO Account receivables W — 3 KTC-NP 2011-2 Account receivables — 4,528 Neoplux No.3 Private Equity Fund Account receivables — 748 NV Station Private Equity Fund Deposits — 100 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Unearned revenue — 76 IGIS Private Real Estate Investment Trust 286 Other loans — 436 Genesis North America Power Company No.1 PEF Other loans — 2,171 Key management personnel and their immediate relatives: Loans 4,426 5,144 Assets 43,431 98,852 Liabilities W 16,822 44,404 (*) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2020
Transactions with the related parties	(b) Transactions with the related parties for the years ended December 31, 2018, 2019 and 2020 are as follows: Related party Account 2018 2019 2020 Investments in associates BNP Paribas Cardif Life Insurance Fees and commission income W 3,716 4,230 3,390 ” Reversal of credit losses 4 3 — ” Other expense — (1 ) (5 ) ” General and administrative expenses (17 ) (9 ) (4 ) Shinhan Praxis K-Growth Fees and commission income 685 448 361 BNP Paribas Cardif General Insurance Fees and commission income 9 11 10 ” Provision for credit losses (2 ) — — ” Other operating income — 468 333 Midas Dong-A Fees and commission income 47 119 — ” Interest expense (2 ) (1 ) — SP New Technology Business investment Fund I Fees and commission income 317 — — Related party Account 2018 2019 2020 Investments in associates IBKS-Shinhan Creative Economy New Technology Fund Fees and commission income W 13 — — IBKS-Shinhan Creative Economy New Technology Fund 2 (*1) Fees and commission income 16 8 — SM New Technology Business Investment Fund I Fees and commission income 55 14 — JAEYOUNG SOLUTEC CO., LTD. Interest income 523 — — ” Fees and commission income 2 — — ” Other operating income 3 — — ” Reversal of credit losses — — — ” Interest expense (2 ) — — ” Provision for credit losses (1 ) — — Partners 4th Growth Investment Fund Interest expense (19 ) (7 ) (4 ) Shinhan-Albatross Technology Investment Fund Fees and commission income 216 216 54 SHBNPP Private Korea Equity Long-Short Professional Feeder (*2) Fees and commission income 975 363 — KDBC Midas Dong-A Interest expense (2 ) — (2 ) STI-New Fees and commission income 16 — — Shinhan Fintech New Technology Fund No.1 (*1) Fees and commission income 153 38 — Shinhan Global Healthcare Fund 1 Fees and commission income 785 360 — Taihan Industrial System Co., Ltd. Fees and commission income 1 — — Shinhan capital-Cape FN Fund No.1 (*1) Fees and commission income 82 101 — SHC-K2 Fees and commission income 20 19 19 Synergy-Shinhan Mezzanine New Technology Investment Fund Fees and commission income 127 94 50 Shinhan-Midas Dong-A Fees and commission income 71 187 63 GX Shinhan interest 1st Private Equity Fund (*3) Fees and commission income 412 545 454 Shinhan-Nvestor Liquidity Solution Fund Fees and commission income 214 361 361 Related party Account 2018 2019 2020 Investments in associates SHC ULMUS Fund No.1 (*3) Fees and commission income W 51 76 39 Shinhan-PS Fees and commission income 12 20 20 Nomura investment property trust No.19 Interest income 312 519 525 ” Other operating income — 7 3 ” Provision for credit loss (34 ) — — SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 Fees and commission income 236 2,694 2,501 Shinhan-Stonebridge Petro Private Equity Fund Fees and commission income 1,920 1,762 — KOREA FINANCE SECURITY Fees and commission income — 10 10 ” Interest expense — — (1 ) ShinHan-Soo Young Entrepreneur Investment Fund Fees and commission income — 275 206 Shinhan-Rhinos 1 Fund Fees and commission income — 64 64 SHINHAN-CORE TREND GLOBAL FUND1 Fees and commission income — 45 100 Kiwoom-Shinhan Innovation Fund I Fees and commission income — 67 240 One Shinhan Global Fund1 Fees and commission income — 151 399 Open-Shinhan Portfolio Investment Association No. 1 Fees and commission income — 59 59 FuturePlay-Shinhan TechInnovation Fund 1 Fees and commission income — 7 218 WON JIN HOME PLAN CO.,LTD Interest income — 186 — Korea Credit Bureau Fees and commission income — 13 13 ” Interest expense — (5 ) (12 ) Goduck Gangil1 PFV Co., Ltd Interest income — 328 915 ” Fees and commission income — 1,120 — ” Provision for credit loss — (78 ) 7 SBC PFV Co., Ltd Fees and commission income — — 732 ” Interest expense — (3 ) (5 ) IMM Global Private Equity Fund Interest income — 28 25 ” Interest expense — (25 ) (13 ) ” Provision for credit loss — (3 ) — Goduck Gangil10 PFV Co., Ltd Interest income — — 299 ” Fees and commission income — — 793 ” Interest expense — — (4 ) ” Provision for credit loss — — (19 ) Related party Account 2018 2019 2020 Investments in associates IGIS PRIVATE REAL ESTATE TRUST NO.331 Interest income W — — 731 ” Other operating expense — — (67 ) ” Fees and commission income — — 478 COSPEC BIM tech Provision for credit loss — — (95 ) Korea Omega Project Fund I Fees and commission income — — 131 New Green Shinhan Mezzanine Fund Fees and commission income — — 42 Sparklabs-Shinhan Opportunity Fund 1 Fees and commission income — — 174 EDNCENTRAL Co.,Ltd. Interest income — — 649 ” Fees and commission income — — 578 ” Other operating expense — — (121 ) Shinhan Western T&D Consignment Management Real Estate Investment Co., Ltd (*3) Fees and commission income — — 300 Kakao-Shinhan 1st TNYT Fund Fees and commission income — — 165 KoFC-Neoplux R&D-Biz 2013-1 Interest income — — 9 ” Fees and commission income — — 44 Future-Creation Neoplux Venture Capital Fund Interest income — — 14 ” Fees and commission income — — 116 Neoplux Market-Frontier Secondary Fund Fees and commission income — — 416 Gyeonggi-Neoplux Superman Fund Fees and commission income — — 149 Shinhan-Neoplux Energy Newbiz Fund Fees and commission income — — 308 NewWave 6th Fund Fees and commission income — — 303 SHINHAN-NEO Fees and commission income — — 3 KTC-NP 2011-2 Interest income — — 5 ” Fees and commission income — — 86 Neoplux No.3 Private Equity Fund Fees and commission income — — 748 Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45 Fees and commission income — — 1,412 Related party Account 2018 2019 2020 Investments in associates CREDIAN T&F 2020 CORPORATE FINANCIAL STABILITY PRIVATE EQUITY FUND (*3) Interest expense W — — (1 ) Key management personnel and their immediate relatives Interest income 101 161 126 W 11,015 15,045 18,897 (*1) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2019 (*2) As the Group does not have significant influence to this entity, this has been removed from the related parties for the year ended December 31, 2019. (*3) Excluded from the associates due to disposal and liquidation for the year ended December 31, 2020.
Key management personnel compensation	(c) Key management personnel compensation Key management personnel compensation for the years ended December 31, 2018, 2019 and 2020 are as follows: 2018 2019 2020 Short-term employee benefits W 22,502 21,237 23,468 Severance benefits 419 731 651 Share-based payment transactions (*) 4,944 12,343 2,628 W 27,865 34,311 26,747 (*) The expenses of share-based payment transactions are the renumeration expenses during the vesting period.
The guarantees provided between the related parties	(d) The guarantees provided between the related parties as of December 31, 2019 and 2020 are as follows: Amount of guarantees Guarantor Guaranteed Parties 2019 2020 Account Shinhan Bank BNP Paribas Cardif Life Insurance W 10,000 10,000 Unused credit line (*) Among the associates, the amount of the securities purchase agreement for structured entities is W
Details of collaterals provided by the related parties	(e) Details of collaterals provided by the related parties as of December 31, 2019 and 2020 are as follows: Provided to Provided by Pledged assets 2019 2020 Shinhan Bank BNP Paribas Cardif Life Insurance Government bonds W 12,000 12,000 Hyungje art printing Properties 120 120 Goduck Gangil1 PFV Co., Ltd Guarantee insurance policy 28,800 28,800 Goduck Gangil10 PFV Co., Ltd Guarantee insurance policy — 13,000 W 40,920 53,920
Significant loan transactions with related parties	(f) Details of significant loan transactions with related parties as of December 31, 2019 and 2020 are as follows: 2019 Classification Company Beginning Loan Recover Others (*) Ending Investments in associates Nomura investment property trust No.19 W 11,966 — — 7 11,973 Goduck Gangil1 PFV Co., Ltd — 24,000 — — 24,000 IMM Global Private Equity Fund — 800 — — 800 Total W 11,966 24,800 — 7 36,773 (*) The effect on changes in allowance for credit loss is included. 2020 Classification Company Beginning Loan Recover Others (*1) Ending Investments in associates Nomura investment property trust No.19 W 11,973 — — — 11,973 IGIS PRIVATE REAL ESTATE TRUST NO.331 — 10,000 — (312 ) 9,688 EDNCENTRAL Co.,Ltd. — 20,000 — (619 ) 19,381 Goduck Gangil1 PFV Co., Ltd 24,000 — — — 24,000 Goduck Gangil10 PFV Co., Ltd — 28,200 (18,800 ) — 9,400 IMM Global Private Equity Fund 800 — — — 800 COSPEC BIM tech(*2) — — — 151 151 Total W 36,773 58,200 (18,800 ) (780 ) 75,393 (*1) The effect on changes in allowance for credit loss is included. (*2) For the year ended December 31, 2020, it is incorporated as a related party, and has marked the balance as of December 31, 2020.

Interests in unconsolidated s_2

Interests in unconsolidated structured entities (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of unconsolidated structured entities [Abstract]
The size of unconsolidated structured entities	2019 2020 Total assets: Asset-backed securitization W 208,441,947 253,958,036 Structured financing 195,374,046 257,475,395 Investment fund 215,371,530 203,863,889 W 619,187,523 715,297,320
The carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities	(b) Nature of risks i) The carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities as of December 31, 2019 and 2020 are as follows: 2019 Assets-backed securitization Structured financing Investment fund Total Assets: Loans measured at fair value through profit or loss W 10,646 69,727 — 80,373 Loan at amortized cost 785,134 10,207,866 664,024 11,657,024 Securities at fair value through profit or loss 3,705,565 70,407 9,378,374 13,154,346 Derivate assets 21,494 1,027 — 22,521 Securities at fair value through other comprehensive income 2,144,846 188,429 — 2,333,275 Securities at amortized cost 4,894,942 — — 4,894,942 Other assets 3,244 14,776 58,948 76,968 W 11,565,871 10,552,232 10,101,346 32,219,449 Liabilities: Other liabilities W 682 10,457 — 11,139 2020 Assets-backed securitization Structured financing Investment fund Total Assets: Loans measured at fair value through profit or loss W 10,007 396,006 — 406,013 Loan at amortized cost 882,708 11,631,322 80,166 12,594,196 Securities at fair value through profit or loss 4,703,527 200,966 9,403,611 14,308,104 Derivate assets 10,353 1,050 — 11,403 Securities at fair value through other comprehensive income 2,105,239 122,664 — 2,227,903 Securities at amortized cost 6,294,228 — — 6,294,228 Other assets 2,019 59,980 4,936 66,935 W 14,008,081 12,411,988 9,488,713 35,908,782 Liabilities: Derivate liabilities W 582 — — 582 Other liabilities 2,610 21,421 — 24,031 W 3,192 21,421 — 24,613
Exposure to risk relating to its interests in unconsolidated structured entities	ii) Exposure to risk relating to its interests in unconsolidated structured entities as of December 31, 2019 and 2020 are as follows: 2019 Assets-backed securitization Structured financing Investment fund Total Assets held W 11,565,871 10,552,232 10,101,346 32,219,449 ABS and ABCP commitments 1,208,707 2,300 868,498 2,079,505 Loan commitments 845,904 855,520 — 1,701,424 Guarantees 139,522 4,000 — 143,522 Others — 118,969 — 118,969 W 13,760,004 11,533,021 10,969,844 36,262,869 2020 Assets-backed securitization Structured financing Investment fund Total Assets held W 14,008,081 12,411,988 9,488,713 35,908,782 ABS and ABCP commitments 932,113 2,300 1,923,035 2,857,448 Loan commitments 618,030 707,860 — 1,325,890 Guarantees 87,293 — — 87,293 Others — 123,210 5,887 129,097 W 15,645,517 13,245,358 11,417,635 40,308,510

Business combination (Tables)

Business combination (Tables)	12 Months Ended
	Dec. 31, 2020
Business combination [Abstract]
Fair value of assets acquired and liabilities assumed as of acquisition	Fair values of assets acquired and liabilities assumed as of acquisition date are as follows: Amount (*1) Assets: Cash and due from banks at amortized cost W 179 Investment assets in the long-term 463 Venture capital investment assets 38,800 Private equity investment company investment assets 12,230 Property and equipment 835 Intangible assets (*2) 1,254 Other assets (*3) 18,911 72,672 Liabilities: Borrowings 9,000 Other liabilities 4,804 13,804 Fair value of the identifiable net assets W 58,868 (*1) The accounting for the acquisition of Neoplux Co., Ltd. is tentatively determined using the identifiable assets and liabilities recognized by Neoplux Co., Ltd. at the time of business combination. For the year ended December 31, 2020, the acquisition has not completed the identification of intangible assets for allocation and the fair value assessment of identifiable assets and liabilities. The goodwill may vary depending on the results of the fair value assessment of the identifiable assets and liabilities for the allocation of the consideration. (*2) The contract balance recognized as a business combination includes W (*3) During the business combination, the Group has acquired receivables that are fair value of W W

Uncertainty due to changes in_2

Uncertainty due to changes in domestic and global economic conditions (Tables)	12 Months Ended
	Dec. 31, 2020
Uncertainty due to changes in domestic and global economic conditions [Abstract]
Uncertainty due to changes in domestic and global economic conditions	48. Uncertainty due to changes in domestic and global economic conditions The rapid spread of the COVID-19 ‘ Financial Instruments ’ COVID-19 ended December 31, 2020 is re-estimated COVID-19 Risk exposures by major consolidated subsidiaries due to COVID-19 (a) Shinhan Bank 2020 Airlift Lodging Oil/ Art- Movie Clothing Travel Total Loans at amortized cost W 120,854 3,445,269 685,336 244,036 95,240 1,763,741 112,647 6,467,123 Securities at fair value through profit or loss — — 3,088 — — 3,060 — 6,148 Securities at fair value through other comprehensive income 52,878 2,611 224,894 — 6,539 9,797 — 296,719 Off-balance 404,767 289,948 3,058,516 9,630 111,266 938,705 60,171 4,873,003 W 578,499 3,737,828 3,971,834 253,666 213,045 2,715,303 172,818 11,642,993 (b) Shinhan Card Co., Ltd. 2020 Retails Credit sales Short term card loan Long term card loan Total Loans at amortized cost W 357,589 142,252 283,150 782,991 Off-balance 702,124 702,124 (c) Jeju Bank 2020 Lodging Manufacturing Retail Construction Industry Leisure Transportation Business Etc Total Loans at amortized cost W 599,875 30,095 517,843 85,640 57,677 29,679 92,373 1,413,182 Off-balance 20,658 563 18,691 7,100 1,053 2,103 3,082 53,250 W 620,533 30,658 536,534 92,740 58,730 31,782 95,455 1,466,432 As of December 31, 2020, the exposure of the borrowers who applied for moratorium of interest payments and moratorium of repayment in installments by Shinhan Bank is as follows: Exposure Moratorium of interest payments W 242,794 Moratorium of repayment in installments 1,067,502 Moratorium of interest payments and moratorium of repayment in installments 80,581 W 1,390,877

Transition effects arising fr_2

Transition effects arising from changes in accounting policies (Tables)	12 Months Ended
	Dec. 31, 2020
Transition effects arising from changes in accounting policies [Abstract]
Difference between the amount of operating lease agreements	Upon adoption of IFRS 16 ‘Leases’, the Group recognized lease liabilities in relation to leases that had previously been classified as operating leases in accordance with IAS 17. These liabilities were measured at the present value of the future lease payments at the lessee’s incremental borrowing rate on January 1, 2019. The lessee’s incremental borrowing rates applied to the lease liabilities are between 2.06% and 8.96% on January 1, 2019. The difference between the amount of operating lease agreements disclosed as of December 31, 2018 discounted at the Group’s incremental borrowing rate and the lease liabilities recognized at the date of initial application is as follows: Amount Operating lease agreement commitment disclosed as of December 31, 2018 W 610,080 Amount discounted using the Group’s incremental borrowing rate 591,725 Less: Low-value (3,454 ) Value-added Tax (51,429 ) Lease liabilities recognized at the beginning of 2019 W 536,842 Right-of-use W W W W The Group has changed its accounting policies as applying IFRS 9, Financial Instruments Revenue from Contracts with Customers IFRS 9 replaces IAS 39, Financial Instruments: Recognition and Measurement Financial Instruments: Disclosures
Changes in equity due to application of IFRS 9 and 15	(i) Changes in equity due to application of IFRS 9 and 15 Changes in equity as of January 1, 2018 due to the initial application date of IFRS 9 and 15 are as follows: Amounts Retained earnings at January 1, 2018 before changes W 20,791,680 Adjustments of retained earnings due to the application of IFRS 9 : Reclassification from financial assets at amortized cost to financial assets measured at fair value through profit or loss (74,061 ) Reclassification from available-for-sale 178,518 Reclassification from available-for-sale 204,457 Increase in loss allowance for financial assets measured at amortized cost (573,088 ) Increase in loss allowance for loan commitments and financial guarantee contracts (55,274 ) Increase in loss allowance for debt instruments measured at fair value through other comprehensive income (18,976 ) Effect of overlay approach application 34,102 Others (*2) (40,063 ) (344,385 ) Adjustments of retained earnings due to the application of IFRS 15 (*3) (2,895 ) Tax effects (*4) 95,426 Retained earnings at January 1, 2018 after changes W 20,539,826 (*1) With the application of IFRS 9, the effect of retained earnings of the recognized impairment from equity securities has reclassified to other comprehensive income. (*2) Include translation of foreign currencies, etc. (*3) The Group has divided the trust fees into trust sales fees and trust managing fees and recognition of trust managing fees are deferred. (*4) Tax effects due to the application of IFRS 9 are separately shown. Amounts Accumulated other comprehensive loss at January 1, 2018 before changes W (529,734 ) Adjustments of accumulated other comprehensive income due to the application of IFRS 9: Reclassification from available-for-sale (178,518 ) Reclassification from available-for-sale (204,457 ) Increase in loss allowance for debt instruments measured at fair value through other comprehensive income 18,976 Effect of overlay approach application (34,102 ) Others (*2) 11,039 (387,062 ) Tax effects (*3) 110,051 Accumulated other comprehensive loss at January 1, 2018 after changes W (806,745 ) (*1) The effect on retained earnings arising from the recognition of impairment losses related to equity securities in the prior periods was transferred to other comprehensive income upon the application of IFRS 9. (*2) Other adjustments include foreign currency translation and changes in non-controlling (*3) Tax effects due to the application of IFRS 9 are separately shown.
Reclassification of financial instruments upon adoption of IFRS 9	(ii) Reclassification of financial instruments upon adoption of IFRS 9 Details of reclassification of financial instruments as of January 1, 2018, the initial application date of IFRS 9, are as follows: IAS 39 IFRS 9 Carrying value Carrying Difference Financial assets: Due from banks Loans and receivables Financial assets measured at FVTPL (*2) W 902,124 833,942 (68,182 ) Loans and receivables Amortized cost 19,988,001 19,988,001 — Loan receivables Loans and receivables Financial assets measured at FVTPL (*2) 750,342 778,985 28,643 Loans and receivables Amortized cost 277,126,029 277,126,029 — Other financial assets Loans and receivables Amortized cost 12,090,983 12,090,983 — Trading assets (debt securities) Financial assets at FVTPL Financial assets measured at FVTPL 23,640,646 23,640,646 — Trading assets (equity securities) Financial assets at FVTPL Financial assets measured at FVTPL 4,634,353 4,634,353 — Trading assets (deposit in gold and silver) Financial assets at FVTPL Financial assets measured at FVTPL 189,297 189,297 — Financial assets designated as at FVTPL (debt securities) Financial assets at FVTPL Financial assets measured at FVTPL (*3) 2,030,522 2,030,522 — Financial assets at FVTPL Financial assets designated as at FVTPL 80,288 80,288 — Financial assets designated as at FVTPL (equity securities) Financial assets at FVTPL Financial assets measured at FVTPL (*3) 1,162,553 1,162,553 — Financial assets at FVTPL Financial assets designated as at FVTPL 71,803 71,803 — Financial assets designated as at FVTPL (other securities – compound financial instruments) Financial assets at FVTPL Financial assets measured at FVTPL (*3) 233,892 233,892 — Derivatives Financial assets at FVTPL Financial assets measured at FVTPL (*3) 3,400,178 3,348,803 (51,375 ) AFS financial assets (debt securities) AFS financial assets Financial assets measured at FVTPL (*2) 528,745 533,452 4,707 AFS financial assets Financial assets measured at FVOCI 36,657,807 36,657,807 — AFS financial assets (equity securities) AFS financial assets Financial assets measured at FVTPL (*2) 4,339,979 4,350,969 10,990 AFS financial assets Financial assets measured at FVOCI 590,405 590,405 — IAS 39 IFRS 9 Carrying value Carrying Difference HTM financial assets (debt securities) HTM financial assets Financial assets measured at FVTPL (*2) W 565,813 529,906 (35,907 ) HTM financial assets Amortized cost 24,424,867 24,424,867 — W 413,408,627 413,297,503 (111,124 ) Financial Liabilities: Deposits Financial liability measured at amortized cost Financial liabilities measured at amortized cost W 249,419,224 249,419,224 — Trading liabilities Financial liabilities at FVTPL Financial liabilities measured at FVTPL 1,848,490 1,848,490 — Financial liabilities designated as at FVTPL Financial liabilities at FVTPL Financial liabilities designated as at FVTPL 8,260,636 8,260,636 — Financial liabilities at FVTPL Financial liabilities measured at FVTPL (*3) 36,973 36,973 — Derivatives Financial liabilities at FVTPL Financial liabilities measured at FVTPL (*3) 3,487,661 3,483,642 (4,019 ) Borrowings Financial liabilities measured at amortized cost Financial liabilities measured at amortized cost 27,586,610 27,586,313 (297 ) Debt securities issued Financial liabilities measured at amortized cost Financial liabilities measured at amortized cost 51,340,821 51,340,821 — Others Financial liabilities measured at amortized cost Financial liabilities measured at amortized cost 20,124,451 20,124,432 (19 ) W 362,104,866 362,100,531 (4,335 ) (*1) Gross carrying amounts that are before netting allowance for loan losses or credit loss allowance. (*2) Under IFRS 9, these financial instruments were categorized as financial assets or liabilities – FVTPL, as 1) the instruments are not held within a business model whose objective is achieved by both collecting contractual cash flows and selling them, or 2) the contractual terms of them does not give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. (*3) For hybrid contracts including embedded derivatives, the host contract and the derivatives are separated in accordance with IFRS 9.
Impairment of financial assets upon adoption of IFRS 9	(iii) Impairment of financial assets upon adoption of IFRS 9 Changes of credit loss allowance as of January 1, 2018, the initial application date of IFRS 9, are as follows: Classification Classification Loss allowance Loss allowance Loans and receivables Due from banks Financial assets at amortized cost W 14,054 15,062 Loan receivables Financial assets at amortized cost 2,307,275 2,871,986 Financial assets measured at FVTPL 3,329 — Other financial assets Financial assets at amortized cost 49,679 51,818 AFS financial assets Debt securities Financial assets measured at FVOCI — 18,976 HTM financial assets Debt securities Financial assets at amortized cost — 8,559 W 2,374,337 2,966,401 Financial guarantee Financial guarantee W 36,506 37,289 Unused credit line and other credit commitment Unused credit line and other credit commitment 168,006 222,498 W 204,512 259,787
Effect of reclassification on gross carrying amounts	The effect of reclassification is as follows: 1) Gross carrying amounts Carrying value Amount Amount Carrying value Changes in Changes in Financial assets : Due from banks Carrying value under IAS 39 as of January 1, 2018 W 20,890,125 — — 20,890,125 — — Reclassification to financial assets measured at FVTPL — (902,124 ) — (902,124 ) — — 20,890,125 (902,124 ) — 19,988,001 — — Loans Carrying value under IAS 39 as of January 1, 2018 277,876,371 — — 277,876,371 — — Reclassification to financial assets measured at FVTPL — (750,342 ) — (750,342 ) — — 277,876,371 (750,342 ) — 277,126,029 — — Other financial assets Carrying value under IAS 39 as of January 1, 2018 12,090,983 — — 12,090,983 — — Trading assets(debt instruments) (*1) Carrying value under IAS 39 as of January 1, 2018 23,640,646 — — 23,640,646 — — Reclassification to financial assets measured at FVTPL — (23,640,646 ) — (23,640,646 ) — — 23,640,646 (23,640,646 ) — — — — Trading assets(equity instruments) Carrying value under IAS 39 as of January 1, 2018 4,634,353 — — 4,634,353 — — Reclassification to financial assets measured at FVTPL — (4,634,353 ) — (4,634,353 ) — — 4,634,353 (4,634,353 ) — — — — Trading assets(gold deposit) (*1) Carrying value under IAS 39 as of January 1, 2018 189,297 — — 189,297 — — Reclassification to financial assets measured at FVTPL — (189,297 ) — (189,297 ) — — 189,297 (189,297 ) — — — — Carrying value based Amount Amount Carrying value Changes in Changes in Derivatives (*1) Carrying value under IAS 39 as of January 1, 2018 W 3,400,178 — — 3,400,178 — — Reclassification to financial assets measured at FVTPL — (51,375 ) — (51,375 ) — — 3,400,178 (51,375 ) — 3,348,803 — — Financial assets designated at FVTPL (*1) Carrying value under IAS 39 as of January 1, 2018 3,579,057 — — 3,579,057 — — Reclassification to financial assets measured at FVTPL — (3,426,966 ) — (3,426,966 ) — — Reclassification to financial assets designated at FVTPL — (152,091 ) — (152,091 ) — — 3,579,057 (3,579,057 ) — — — — AFS (debt securities) Carrying value under IAS 39 as of January 1, 2018 37,186,552 — — 37,186,552 — — Reclassification to financial assets measured at FVTPL — (528,745 ) — (528,745 ) — — Reclassification to financial assets measured at FVOCI — (36,657,807 ) — (36,657,807 ) — — 37,186,552 (37,186,552 ) — — — — AFS (equity securities) Carrying value under IAS 39 as of January 1, 2018 4,930,385 — — 4,930,385 — — Reclassification to financial assets measured at FVTPL — (4,339,979 ) — (4,339,979 ) — — Reclassification to financial assets measured at FVOCI — (590,406 ) — (590,406 ) — — 4,930,385 (4,930,385 ) — — — — HTM (debt securities) Carrying value under IAS 39 as of January 1, 2018 24,990,680 — — 24,990,680 — — Reclassification to financial assets measured at FVTPL — (565,813 ) — (565,813 ) — — Carrying value based Amount Amount Carrying value Changes in Changes in Reclassification to financial assets measured at amortized cost W — (24,424,867 ) — (24,424,867 ) — — 24,990,680 (24,990,680 ) — — — — Financial assets as measured at FVTPL Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from due from banks — 902,124 (68,182 ) 833,942 — (68,182 ) Transfer from loans and other receivables — 750,342 30,027 780,369 30,027 — Transfer from trading assets — 28,464,296 — 28,464,296 — — Transfer from financial assets designated at FVTPL — 3,426,967 — 3,426,967 — — Transfer from AFS — 4,868,724 7,708 4,876,432 108,532 (108,532 ) Transfer from HTM — 565,813 (35,907 ) 529,906 — (35,907 ) Transfer from derivative assets — 51,375 (42,195 ) 9,180 — — — — (2,575 ) (2,575 ) — — — 39,029,641 (111,124 ) 38,918,517 138,559 (212,620 ) Financial assets designated at FVTPL(IFRS 9) Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from financial assets designated at FVTPL(IAS 39) — 152,091 — 152,091 — — — 152,091 — 152,091 — — Financial assets measured at FVOCI (*2) Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from AFS — 37,248,212 — 37,248,212 204,457 (204,457 ) — 37,248,212 — 37,248,212 204,457 (204,457 ) Financial assets measured at amortized cost (*2) Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from HTM — 24,424,867 — 24,424,867 — — — 24,424,867 — 24,424,867 — — W — (111,124 ) 413,297,503 343,016 (417,077 ) Financial liabilities : Carrying value Amount Amount Carrying value Changes in Changes in other Deposits Carrying value under IAS 39 as of January 1, 2018 W 249,419,224 — — 249,419,224 — — 249,419,224 — — 249,419,224 — — Trading liabilities (*1) Carrying value under IAS 39 as of January 1, 2018 1,848,490 — — 1,848,490 — — Reclassification to financial liabilities measured at FVTPL — (1,848,490 ) — (1,848,490 ) — — 1,848,490 (1,848,490 ) — — — — Financial liabilities designated at FVTPL Carrying value under IAS 39 as of January 1, 2018 8,297,609 — — 8,297,609 — — Reclassification to financial liabilities designated at FVTPL — (8,260,636 ) — (8,260,636 ) — — Reclassification to financial liabilities measured at FVTPL — (36,973 ) — (36,973 ) — — 8,297,609 (8,297,609 ) — — — — Financial liabilities measured at FVTPL Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from trading liabilities — 1,848,490 — 1,848,490 — — Transfer from financial liabilities designated at FVTPL — 36,973 — 36,973 — — — 1,885,463 — 1,885,463 — — Financial liabilities designated at FVTPL Carrying value under IAS 39 as of January 1, 2018 — — — — — — Transfer from financial liabilities designated at FVTPL — 8,260,636 — 8,260,636 — — — 8,260,636 — 8,260,636 — — Financial liabilities : Carrying value Amount Amount Carrying value Changes in Changes in other Derivative liabilities Carrying value under IAS 39 as of January 1, 2018 W 3,487,661 — — 3,487,661 — — Other — — (4,019 ) (4,019 ) — — 3,487,661 — (4,019 ) 3,483,642 — — Borrowings Carrying value under IAS 39 as of January 1, 2018 27,586,610 — — 27,586,610 — — Other — — (297 ) (297 ) — — 27,586,610 — (297 ) 27,586,313 — — Debt securities issued Carrying value under IAS 39 as of January 1, 2018 51,340,821 — — 51,340,821 — — Other financial liabilities Carrying value under IAS 39 as of January 1, 2018 20,124,451 — — 20,124,451 — — Other — — (19 ) (19 ) — — 20,124,451 — (19 ) 20,124,432 — — W 362,104,866 — (4,335 ) 362,100,531 — — (*1) With respect to financial assets and financial liabilities reclassified from the category of fair value through profit or loss, effective interest rates calculated on the initial application date of IFRS 9 and interest income or expense recognized shall be disclosed. Such reclassification has not occurred as a result of the IFRS 9 adoption. (*2) With respect to financial assets and financial liabilities reclassified to financial instruments measured at amortized cost, and financial assets measured at fair value through profit or loss reclassified to the category of fair value through other comprehensive income, the gain or loss on fair value measurement that would otherwise have been recognized in profit or loss or other comprehensive income in the reporting period, and the fair value of the financial assets or financial liabilities, shall be disclosed. Such reclassification has not occurred as a result of the IFRS 9 adoption.
Effect of reclassification on Credit loss allowance	2) Credit loss allowance Carrying value Amount Amount Carrying value Changes in Changes in Credit loss allowance for Due from banks W 14,054 — 1,008 15,062 (1,008 ) — Loans 2,310,604 (3,328 ) 564,710 2,871,986 (561,382 ) — Financial asset measured at FVOCI (Debt securities) — — 18,976 18,976 (18,976 ) 18,976 Financial asset measured at amortized cost (Debt securities) — — 8,559 8,559 (8,559 ) — Other assets 49,679 — 2,139 51,818 (2,139 ) — Financial guarantee 36,506 — 783 37,289 (783 ) — Unused credit line and other credit commitment 168,006 — 54,492 222,498 (54,492 ) — W 2,578,849 (3,328 ) 650,667 3,226,188 (647,339 ) 18,976
Financial impact with IFRS 15	(vi) Financial impact with IFRS 15 As of December 31, 2018, the effect of applying IFRS 15 is as follows in the statement of comprehensive income of the Group as of December 31, 2018 (excluding trust fees reflected by the conversion effect). The effect on the terminated cash flow statement is not significant. The effect on the consolidated statement of financial position as of December 31, 2018 is as follows. Disclosed Adjustments Amount before Liabilities: Provisions: Credit card W — (24,700 ) 24,700 Other liabilities: Accounts payable 9,748,168 (41,758 ) 9,789,926 Unearned revenues 236,827 (209,241 ) 446,068 Others 2,496,169 275,698 2,220,471 The effect on the consolidated statement of comprehensive income is as follows. Disclosed Adjustments Amount before Net fee and commission income (*1)(*2): Fee and commission income: Credit card W 1,360,322 (1,135,515 ) 2,495,837 Fee and commission incomes Credit card payment (944,533 ) 1,135,515 (2,080,048 ) (*1) Before adopting IFRS 15, the Group defers and recognizes the amount allocated to the credit card points as unearned revenue and revenue is recognized only when the points are redeemed and the Group has fulfilled its obligation to provide the benefits. In addition, a provision for onerous contracts is recognized when the expected benefits to be derived by the Group from customer loyalty program are lower than the unavoidable cost of meeting its obligations under the programmes. However under IFRS 15, the amount allocated to the credit card points is regarded as consideration payable to the customers and recognized as a reduction of fee and commission income, estimated as fair value of the monetary benefits taking into account the expected redemption rate. (*2) The Group has changed the recognition of card holder service fee paid to a customer recognized as fee and commission expense before adopting IFRS 15, to reduction of fee and commission income under IFRS 15.

Condensed Shinhan Financial G_2

Condensed Shinhan Financial Group (Parent Company only) Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed financial information of parent company only disclosure [Abstract]
STATEMENTS OF FINANCIAL POSITION	STATEMENTS OF FINANCIAL POSITION 2019 2020 Assets Deposits Banking subsidiaries W 167 3 Other — — Receivables from subsidiaries: Non-banking 2,219,698 3,218,455 Investment (at equity) in subsidiaries: Banking subsidiaries 13,797,222 13,797,222 Non-banking 15,183,053 16,157,962 Financial assets at FVTPL 443,377 1,810,867 Derivative assets 24,352 39,392 Property, equipment and intangible assets, net 11,106 10,360 Other assets Banking subsidiaries 408,436 260,342 Non-banking 171,321 173,473 Other 2,590 15,838 Total assets W 32,261,322 35,483,914 Liabilities and equity Debt securities issued W 9,147,640 9,920,059 Derivative liabilities 17,687 22,133 Accrued expenses & other liabilities 630,569 484,625 Total liabilities 9,795,896 10,426,817 Equity 22,465,426 25,057,097 Total liabilities and equity W 32,261,322 35,483,914
CONDENSED STATEMENTS OF INCOME	CONDENSED STATEMENTS OF INCOME 2018 2019 2020 Income Dividends from banking subsidiaries W 541,524 892,310 892,420 Dividends from non-banking 866,150 428,634 495,110 Interest income from banking subsidiaries 268 263 194 Interest income from non-banking 31,224 38,968 68,914 Other income 74,215 125,324 268,784 Total income 1,513,381 1,485,499 1,725,422 Expenses Interest expense (187,882 ) (206,815 ) (231,205 ) Other expense (89,145 ) (147,589 ) (216,708 ) Total expenses (277,027 ) (354,404 ) (447,913 ) Profit before income tax expense 1,236,354 1,131,095 1,277,509 Income tax expense 1,471 1,922 3,066 Profit for the year W 1,234,883 1,129,173 1,274,443
CONDENSED STATEMENTS OF CASH FLOWS	CONDENSED STATEMENTS OF CASH FLOWS 2018 2019 2020 Cash flows from operating activities Profit before income taxes W 1,236,354 1,131,095 1,277,509 Non-cash (1,251,379 ) (1,164,022 ) (1,313,967 ) Changes in operating assets and liabilities (1,671,189 ) 1,475,702 (1,272,738 ) Net interest paid (153,926 ) (154,765 ) (165,570 ) Dividend received from subsidiaries 1,407,674 1,320,944 1,386,843 Income tax refunds(paid) — (194 ) — Net cash provided by (used in) operating activities (432,466 ) 2,608,760 (87,923 ) Cash flows from investing activities Net loan origination to non-banking (412,630 ) (575,936 ) (1,073,657 ) Acquisition of subsidiary (42,273 ) (2,977,196 ) (73,335 ) Other, net (231,281 ) (660 ) (100,875 ) Net cash used in investing activities (686,184 ) (3,553,792 ) (1,247,867 ) Cash flows from financing activities Issuance of common stocks — — 1,154,347 Issuance of convertible preferred shares — 747,791 — Issuance of hybrid bonds 1,107,838 199,476 448,699 Net changes in borrowings 120,000 (125,000 ) — Issuance of debt securities issued 2,396,138 3,194,764 2,240,581 Repayments of debt securities issued (1,590,000 ) (1,844,000 ) (1,384,000 ) Dividend paid (714,705 ) (830,772 ) (968,847 ) Acquisition of treasury stock (151,993 ) (444,077 ) (150,448 ) Disposition of and incineration cost of treasury stock — — (3,033 ) Redemption of lease liabilities — (1,614 ) (1,673 ) Net cash provided by (used in) financing activities 1,167,278 896,568 1,335,626 Net increase (decrease) in cash and cash equivalents 48,628 (48,464 ) (164 ) Cash and cash equivalents at beginning of year — 48,628 164 Cash and cash equivalents at end of year W 48,628 164 —

Ownership of Shinhan Financial

Ownership of Shinhan Financial Group and its material consolidated subsidiaries (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Shinhan Bank Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Card Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Investment Corp.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Life Insurance Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Orange Life Insurance Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	59.20%
Shinhan Capital Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Jeju Bank
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	75.30%	75.30%
Shinhan Credit Information Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Alternative Investment Management Inc.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan BNP Paribas Asset Management Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	65.00%	65.00%
SHC Management Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Data System
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Savings Bank
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Asia Trust Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	60.00%	60.00%
Shinhan AITAS Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	99.80%	99.80%
Shinhan REITs Management Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan AI Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%	100.00%
Neoplux Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%
Shinhan Asia Limited
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Hong Kong	Hong Kong
Proportion of ownership interest in subsidiary	0.00%	99.90%
Shinhan Bank America
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	USA	USA
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Bank Europe GmbH
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Germany	Germany
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Bank Cambodia
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Cambodia	Cambodia
Proportion of ownership interest in subsidiary	97.50%	97.50%
Shinhan Bank Kazakhstan Limited
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Kazakhstan	Kazakhstan
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Bank Canada
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Canada	Canada
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Bank (China) Limited
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	China	China
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Bank Japan
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Japan	Japan
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Bank Vietnam Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Vietnam	Vietnam
Proportion of ownership interest in subsidiary	100.00%	100.00%
Banco Shinhan de Mexico
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Mexico	Mexico
Proportion of ownership interest in subsidiary	99.90%	99.90%
PT Bank Shinhan Indonesia
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Indonesia	Indonesia
Proportion of ownership interest in subsidiary	99.00%	99.00%
SBJDNX
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Japan	Japan
Proportion of ownership interest in subsidiary	100.00%
LLP MFO Shinhan Finance
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Kazakhstan	Kazakhstan
Proportion of ownership interest in subsidiary	100.00%	100.00%
PT. Shinhan Indo Finance
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Indonesia	Indonesia
Proportion of ownership interest in subsidiary	50.00%	50.00%
Shinhan Microfinance Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Myanmar	Myanmar
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Vietnam Finance Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Vietnam	Vietnam
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Investment Corp. USA Inc.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	USA	USA
Proportion of ownership interest in subsidiary	100.00%	100.00%
Shinhan Investment Corp. Asia Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Hong Kong	Hong Kong
Proportion of ownership interest in subsidiary	100.00%	100.00%
SHINHAN Securities Vietnam Co., Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Vietnam	Vietnam
Proportion of ownership interest in subsidiary	100.00%	100.00%
PT. Shinhan Sekuritas Indonesia
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Indonesia	Indonesia
Proportion of ownership interest in subsidiary	99.00%	99.00%
PT Shinhan Asset Management Indonesia
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Indonesia	Indonesia
Proportion of ownership interest in subsidiary	75.00%	75.00%
Shinhan Financial Plus
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Korea	Korea
Proportion of ownership interest in subsidiary	100.00%
Shinhan BNP ASSET MGT HK Ltd.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Hong Kong	Hong Kong
Proportion of ownership interest in subsidiary	100.00%	100.00%
SHINHAN DS VIETNAM CO.,LTD.
Ownership of Shinhan Financial Group and its material consolidated subsidiaries [Line Items]
Country of incorporation of subsidiary	Vietnam	Vietnam
Proportion of ownership interest in subsidiary	100.00%	100.00%

Reflection of forward-looking i

Reflection of forward-looking information correlation (Details)	12 Months Ended
	Dec. 31, 2020
Upside scenario
Reflection of forward-looking information correlation [Line Items]
GDP growth rate(YoY %)	(-)
Private consumption index(YoY %)	(-)
Facility investment growth rate(YoY %)	(-)
Consumer price index growth rate(%)	(-)
Balance on current account(billion dollars)	(-)
Government bond 3y yields(%)	-
Central scenario
Reflection of forward-looking information correlation [Line Items]
GDP growth rate(YoY %)	(-)
Private consumption index(YoY %)	(-)
Facility investment growth rate(YoY %)	(-)
Consumer price index growth rate(%)	(-)
Balance on current account(billion dollars)	(-)
Government bond 3y yields(%)	-
Downside scenario
Reflection of forward-looking information correlation [Line Items]
GDP growth rate(YoY %)	(-)
Private consumption index(YoY %)	(-)
Facility investment growth rate(YoY %)	(-)
Consumer price index growth rate(%)	(-)
Balance on current account(billion dollars)	(-)
Government bond 3y yields(%)	-

Reflection of forward-looking_2

Reflection of forward-looking information (Details)	12 Months Ended
	Dec. 31, 2020	[1],[2]
Upside scenario | 2020.4Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	(2.80%)
Private consumption index(YoY %)	(4.80%)
Facility investment growth rate(YoY %)	3.50%
Consumer price index growth rate(%)	0.30%
Balance on current account(billion dollars)	170billion dollars
Government bond 3y yields(%)	0.90%
Upside scenario | 2021.1Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	0.00%
Private consumption index(YoY %)	3.00%
Facility investment growth rate(YoY %)	5.50%
Consumer price index growth rate(%)	0.60%
Balance on current account(billion dollars)	130billion dollars
Government bond 3y yields(%)	1.00%
Upside scenario | 2021.2Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	3.90%
Private consumption index(YoY %)	2.30%
Facility investment growth rate(YoY %)	6.50%
Consumer price index growth rate(%)	0.90%
Balance on current account(billion dollars)	160billion dollars
Government bond 3y yields(%)	1.00%
Upside scenario | 2021.3Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	3.00%
Private consumption index(YoY %)	3.50%
Facility investment growth rate(YoY %)	1.50%
Consumer price index growth rate(%)	0.80%
Balance on current account(billion dollars)	190billion dollars
Government bond 3y yields(%)	1.10%
Upside scenario | 2021.4Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	4.30%
Private consumption index(YoY %)	4.10%
Facility investment growth rate(YoY %)	5.00%
Consumer price index growth rate(%)	0.90%
Balance on current account(billion dollars)	180billion dollars
Government bond 3y yields(%)	1.10%
Central scenario | 2020.4Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	(2.80%)
Private consumption index(YoY %)	(4.80%)
Facility investment growth rate(YoY %)	3.50%
Consumer price index growth rate(%)	0.30%
Balance on current account(billion dollars)	170billion dollars
Government bond 3y yields(%)	0.90%
Central scenario | 2021.1Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	(0.70%)
Private consumption index(YoY %)	2.60%
Facility investment growth rate(YoY %)	5.00%
Consumer price index growth rate(%)	0.50%
Balance on current account(billion dollars)	120billion dollars
Government bond 3y yields(%)	1.00%
Central scenario | 2021.2Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	3.60%
Private consumption index(YoY %)	2.10%
Facility investment growth rate(YoY %)	6.00%
Consumer price index growth rate(%)	0.90%
Balance on current account(billion dollars)	150billion dollars
Government bond 3y yields(%)	1.00%
Central scenario | 2021.3Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	2.50%
Private consumption index(YoY %)	3.00%
Facility investment growth rate(YoY %)	0.80%
Consumer price index growth rate(%)	0.70%
Balance on current account(billion dollars)	180billion dollars
Government bond 3y yields(%)	1.00%
Central scenario | 2021.4Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	3.70%
Private consumption index(YoY %)	3.50%
Facility investment growth rate(YoY %)	4.50%
Consumer price index growth rate(%)	0.80%
Balance on current account(billion dollars)	170billion dollars
Government bond 3y yields(%)	1.00%
Downside scenario | 2020.4Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	(2.80%)
Private consumption index(YoY %)	(4.80%)
Facility investment growth rate(YoY %)	3.50%
Consumer price index growth rate(%)	0.30%
Balance on current account(billion dollars)	170billion dollars
Government bond 3y yields(%)	0.90%
Downside scenario | 2021.1Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	(1.50%)
Private consumption index(YoY %)	1.90%
Facility investment growth rate(YoY %)	3.50%
Consumer price index growth rate(%)	0.40%
Balance on current account(billion dollars)	110billion dollars
Government bond 3y yields(%)	1.10%
Downside scenario | 2021.2Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	2.30%
Private consumption index(YoY %)	1.10%
Facility investment growth rate(YoY %)	4.50%
Consumer price index growth rate(%)	0.80%
Balance on current account(billion dollars)	140billion dollars
Government bond 3y yields(%)	1.10%
Downside scenario | 2021.3Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	1.70%
Private consumption index(YoY %)	2.60%
Facility investment growth rate(YoY %)	(1.00%)
Consumer price index growth rate(%)	0.60%
Balance on current account(billion dollars)	170billion dollars
Government bond 3y yields(%)	1.10%
Downside scenario | 2021.4Q
Reflection of forward-looking information [Line Items]
GDP growth rate(YoY %)	3.00%
Private consumption index(YoY %)	3.40%
Facility investment growth rate(YoY %)	3.00%
Consumer price index growth rate(%)	0.70%
Balance on current account(billion dollars)	160billion dollars
Government bond 3y yields(%)	1.10%
[1]	Shinhan Bank applied the private consumption index and facility investment growth rate as the major variables. In addition, Shinhan Card applied the GDP growth rate, consumer price index growth rate, balance on current account, and government bond 3y yields as the major variables.
[2]	The macroeconomic outlook figures are estimated by the Group for the purpose of calculating expected credit losses based on information from domestic and foreign research institutes. Therefore, it could be different from other institutions' estimates.

Change amount for provisions (D

Change amount for provisions (Details) ₩ in Millions	Dec. 31, 2020KRW (₩)
Shinhan Bank
Sensitivity : Change amount for provisions [Line Items]
Upside(100%)	₩ (3,332)
Downside(100%)	26,507
Shinhan Card Co., Ltd.
Sensitivity : Change amount for provisions [Line Items]
Upside(100%)	(24,109)
Downside(100%)	₩ 35,205

Maximum exposure to credit risk

Maximum exposure to credit risk (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	₩ 767,398,214	₩ 707,472,356
Due from banks and loans at amortized cost
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	387,826,781	349,085,837
Due from banks and loans at amortized cost | Banks
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	17,016,263	12,950,561
Due from banks and loans at amortized cost | Retail
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	170,314,316	152,840,826
Due from banks and loans at amortized cost | Government/Public agency/Central bank
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	24,778,332	19,461,567
Due from banks and loans at amortized cost | Corporations
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	152,895,324	140,718,619
Due from banks and loans at amortized cost | Card receivable
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	22,822,546	23,114,264
Deposits and loans at FVTPL
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	2,079,913	3,052,346
Deposits and loans at FVTPL | Banks
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	93,109	897,525
Deposits and loans at FVTPL | Corporations
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	1,986,804	2,154,821
Securities at FVTPL
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	55,275,031	48,512,857
Securities at fair value through other comprehensive income
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	57,409,433	58,573,094
Securities at amortized cost
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	47,282,623	45,582,065
Derivative assets
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	5,633,915	2,829,274
Other financial assets
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	20,341,191	17,477,778
Financial guarantee contracts
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	4,481,506	4,698,558
Loan commitments and other
Maximum exposure to credit risk [Line Items]
Maximum exposure to credit risk	₩ 187,067,821	₩ 177,660,547

Maximum amount of exposure to c

Maximum amount of exposure to credit risk by type of collateral (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	₩ 176,227,925	₩ 170,639,881
Guarantee
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	42,485,581	16,052,589
Deposits and Savings
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	1,574,166	1,327,197
Property and equipment
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	1,638,249	1,341,344
Real estate
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	123,318,812	143,401,316
Securities
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	2,378,617	3,477,442
Others
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	4,832,500	5,039,993
12-month expected credit losses
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	155,021,256	150,785,399
12-month expected credit losses | Guarantee
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	36,355,387	12,232,197
12-month expected credit losses | Deposits and Savings
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	1,258,934	1,058,353
12-month expected credit losses | Property and equipment
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	1,301,810	1,021,002
12-month expected credit losses | Real estate
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	109,092,694	128,098,318
12-month expected credit losses | Securities
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	2,181,874	3,340,337
12-month expected credit losses | Others
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	4,830,557	5,035,192
Lifetime expected credit losses
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	20,605,128	19,404,094
Lifetime expected credit losses | Guarantee
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	5,944,417	3,756,006
Lifetime expected credit losses | Deposits and Savings
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	313,723	266,407
Lifetime expected credit losses | Property and equipment
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	324,098	307,502
Lifetime expected credit losses | Real estate
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	13,914,172	14,932,637
Lifetime expected credit losses | Securities
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	108,718	137,105
Lifetime expected credit losses | Others
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	0	4,437
Impaired
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	601,541	450,388
Impaired | Guarantee
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	185,777	64,386
Impaired | Deposits and Savings
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	1,509	2,437
Impaired | Property and equipment
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	12,341	12,840
Impaired | Real estate
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	311,946	370,361
Impaired | Securities
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	88,025	0
Impaired | Others
Maximum amount of exposure to credit risk by type of collateral [Line Items]
Maximum exposure to credit risk	₩ 1,943	₩ 364

Credit loss allowances of finan

Credit loss allowances of financial assets (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	₩ 495,600,296	₩ 455,947,675
Credit loss allowances of financial assets	(3,081,459)	(2,706,679)
Financial assets at amortized cost, net	492,518,837	453,240,996
Mitigation of credit risk due to collateral	175,337,808	165,625,171
Due from banks and loans at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	390,897,754	351,782,746
Credit loss allowances of financial assets	(3,070,973)	(2,696,909)
Financial assets at amortized cost, net	387,826,781	349,085,837
Mitigation of credit risk due to collateral	175,337,808	165,625,171
Due from banks and loans at amortized cost | Banks
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	17,029,781	12,962,636
Credit loss allowances of financial assets	(13,518)	(12,075)
Financial assets at amortized cost, net	17,016,263	12,950,561
Mitigation of credit risk due to collateral	29,994	57,087
Due from banks and loans at amortized cost | Retail
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	170,868,849	153,347,710
Credit loss allowances of financial assets	(554,533)	(506,884)
Financial assets at amortized cost, net	170,314,316	152,840,826
Mitigation of credit risk due to collateral	91,711,254	87,826,564
Due from banks and loans at amortized cost | Government/Public agency/Central bank
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	24,782,544	19,467,489
Credit loss allowances of financial assets	(4,212)	(5,922)
Financial assets at amortized cost, net	24,778,332	19,461,567
Mitigation of credit risk due to collateral	9,000	0
Due from banks and loans at amortized cost | Corporations
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	154,509,661	142,037,125
Credit loss allowances of financial assets	(1,614,337)	(1,318,506)
Financial assets at amortized cost, net	152,895,324	140,718,619
Mitigation of credit risk due to collateral	83,580,715	77,732,792
Due from banks and loans at amortized cost | Card receivable
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	23,706,919	23,967,786
Credit loss allowances of financial assets	(884,373)	(853,522)
Financial assets at amortized cost, net	22,822,546	23,114,264
Mitigation of credit risk due to collateral	6,845	8,728
Securities at fair value through other comprehensive income
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	57,409,433	58,573,094
Credit loss allowances of financial assets	0	0
Financial assets at amortized cost, net	57,409,433	58,573,094
Mitigation of credit risk due to collateral	0	0
Securities at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	47,293,109	45,591,835
Credit loss allowances of financial assets	(10,486)	(9,770)
Financial assets at amortized cost, net	47,282,623	45,582,065
Mitigation of credit risk due to collateral	0	0
12-month expected credit losses | Grade 1
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	396,075,906	363,040,079
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	301,681,080	269,466,898
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Banks
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	14,935,722	11,703,863
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Retail
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	152,159,976	136,124,712
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	23,849,701	19,274,854
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Corporations
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	93,740,349	85,202,285
12-month expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Card receivable
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	16,995,332	17,161,184
12-month expected credit losses | Grade 1 | Securities at fair value through other comprehensive income
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	48,506,057	49,276,299
12-month expected credit losses | Grade 1 | Securities at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	45,888,769	44,296,882
12-month expected credit losses | Grade 2
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	58,199,579	53,425,717
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	48,158,998	43,096,335
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Banks
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	1,996,948	1,179,294
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Retail
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	8,385,069	7,443,675
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	834,912	111,987
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Corporations
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	34,637,533	32,112,103
12-month expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Card receivable
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	2,304,536	2,249,276
12-month expected credit losses | Grade 2 | Securities at fair value through other comprehensive income
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	8,636,241	9,057,701
12-month expected credit losses | Grade 2 | Securities at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	1,404,340	1,271,681
Lifetime expected credit losses | Grade 1
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	19,391,987	17,974,221
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	19,391,987	17,950,949
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Banks
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	87,084	77,675
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Retail
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	6,062,587	5,694,210
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	96,183	80,648
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Corporations
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	11,391,410	10,219,343
Lifetime expected credit losses | Grade 1 | Due from banks and loans at amortized cost | Card receivable
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	1,754,723	1,879,073
Lifetime expected credit losses | Grade 1 | Securities at fair value through other comprehensive income
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	0	0
Lifetime expected credit losses | Grade 1 | Securities at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	0	23,272
Lifetime expected credit losses | Grade 2
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	19,921,982	19,629,678
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	19,654,847	19,390,584
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Banks
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	10,027	1,804
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Retail
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	3,686,863	3,608,216
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	1,748	0
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Corporations
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	13,758,332	13,546,622
Lifetime expected credit losses | Grade 2 | Due from banks and loans at amortized cost | Card receivable
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	2,197,877	2,233,942
Lifetime expected credit losses | Grade 2 | Securities at fair value through other comprehensive income
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	267,135	239,094
Lifetime expected credit losses | Grade 2 | Securities at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	0	0
Impaired
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	2,010,842	1,877,980
Impaired | Due from banks and loans at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	2,010,842	1,877,980
Impaired | Due from banks and loans at amortized cost | Banks
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	0	0
Impaired | Due from banks and loans at amortized cost | Retail
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	574,354	476,897
Impaired | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	0	0
Impaired | Due from banks and loans at amortized cost | Corporations
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	982,037	956,772
Impaired | Due from banks and loans at amortized cost | Card receivable
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	454,451	444,311
Impaired | Securities at fair value through other comprehensive income
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	0	0
Impaired | Securities at amortized cost
Impairment information by credit risk of financial assets [Line Items]
Financial assets at amortized cost	₩ 0	₩ 0

Credit risk exposures per credi

Credit risk exposures per credit grade of off-balance items (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Financial guarantee
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	₩ 4,481,506	₩ 4,698,558
Financial guarantee | Grade 1
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	3,193,426	3,053,961
Financial guarantee | Grade 1 | 12-month expected credit losses
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	2,884,641	2,805,417
Financial guarantee | Grade 1 | Lifetime expected credit losses
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	308,785	248,544
Financial guarantee | Grade 2
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	1,287,922	1,643,787
Financial guarantee | Grade 2 | 12-month expected credit losses
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	1,110,945	1,495,091
Financial guarantee | Grade 2 | Lifetime expected credit losses
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	176,977	148,696
Financial guarantee | Financial instruments credit-impaired
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	158	810
Loan commitment and other credit line
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	187,067,821	177,660,547
Loan commitment and other credit line | Grade 1
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	163,525,464	153,861,889
Loan commitment and other credit line | Grade 1 | 12-month expected credit losses
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	156,787,448	146,010,944
Loan commitment and other credit line | Grade 1 | Lifetime expected credit losses
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	6,738,016	7,850,945
Loan commitment and other credit line | Grade 2
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	23,537,239	23,775,120
Loan commitment and other credit line | Grade 2 | 12-month expected credit losses
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	20,715,236	21,044,977
Loan commitment and other credit line | Grade 2 | Lifetime expected credit losses
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	2,822,003	2,730,143
Loan commitment and other credit line | Financial instruments credit-impaired
Credit risk exposures per credit grade of off-balance items [Line Items]
Credit risk exposures	₩ 5,118	₩ 23,538

Credit quality of derivative as

Credit quality of derivative assets (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Credit quality of derivative assets [Line Items]
Derivative assets	₩ 5,633,915	₩ 2,829,274
Internal credit grades
Disclosure of Credit quality of derivative assets [Line Items]
Derivative assets	5,633,915	2,829,274
Grade 1
Disclosure of Credit quality of derivative assets [Line Items]
Derivative assets	4,994,809	2,377,548
Grade 2
Disclosure of Credit quality of derivative assets [Line Items]
Derivative assets	₩ 639,106	₩ 451,726

Concentration by geographic loc

Concentration by geographic location for financial instrument, net of allowance (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	₩ 549,873,781	₩ 504,806,199
Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	387,826,781	349,085,837
Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	17,016,263	12,950,561
Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	170,314,316	152,840,826
Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	24,778,332	19,461,567
Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	152,895,324	140,718,619
Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	22,822,546	23,114,264
Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	2,079,913	3,052,346
Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	93,109	897,525
Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	1,986,804	2,154,821
Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	55,275,031	48,512,857
Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	57,409,433	58,573,094
Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	47,282,623	45,582,065
Korea
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	496,483,910	457,301,242
Korea | Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	345,865,414	312,474,026
Korea | Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	6,990,520	5,124,738
Korea | Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	161,434,788	144,700,885
Korea | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	20,998,640	16,805,176
Korea | Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	133,827,181	122,926,428
Korea | Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	22,614,285	22,916,799
Korea | Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,119,166	2,324,662
Korea | Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	61,476	177,713
Korea | Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,057,690	2,146,949
Korea | Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	51,574,884	45,635,765
Korea | Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	53,386,556	53,939,143
Korea | Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	44,537,890	42,927,646
USA
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	10,271,211	10,397,683
USA | Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	5,455,513	5,290,111
USA | Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	823,698	1,263,568
USA | Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	392,499	371,602
USA | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	952,215	529,096
USA | Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	3,278,234	3,116,777
USA | Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	8,867	9,068
USA | Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	498,445	719,812
USA | Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	31,633	719,812
USA | Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	466,812	0
USA | Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	2,129,355	1,662,249
USA | Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,464,611	1,955,627
USA | Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	723,287	769,884
England
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	908,780	909,710
England | Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	598,212	617,409
England | Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	156,002	423,788
England | Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	6,724	5,444
England | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
England | Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	435,135	187,856
England | Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	351	321
England | Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
England | Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
England | Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
England | Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	198,567	194,591
England | Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	112,001	97,710
England | Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
Japan
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	10,658,232	9,071,961
Japan | Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	10,126,830	8,664,617
Japan | Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	784,538	289,233
Japan | Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	4,124,680	3,888,964
Japan | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,418,805	1,080,381
Japan | Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	3,796,824	3,403,806
Japan | Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,983	2,233
Japan | Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	19,807	0
Japan | Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
Japan | Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	19,807	0
Japan | Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	46,086	49,067
Japan | Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	221,917	195,165
Japan | Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	243,592	163,112
Germany
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	585,081	404,126
Germany | Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	544,183	304,011
Germany | Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	316,293	203,166
Germany | Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	2,386	1,548
Germany | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	121,663	0
Germany | Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	103,647	99,083
Germany | Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	194	214
Germany | Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
Germany | Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
Germany | Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
Germany | Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	4,486	6,346
Germany | Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	36,412	93,769
Germany | Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
Vietnam
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	6,535,914	6,024,699
Vietnam | Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	5,627,621	5,104,960
Vietnam | Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,166,397	1,068,822
Vietnam | Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,780,361	1,612,761
Vietnam | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	209,395	140,960
Vietnam | Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	2,319,327	2,140,573
Vietnam | Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	152,141	141,844
Vietnam | Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	744	0
Vietnam | Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
Vietnam | Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	744	0
Vietnam | Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	24,539	21,625
Vietnam | Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	172,904	294,095
Vietnam | Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	710,106	604,019
China
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	8,827,212	8,317,750
China | Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	7,727,148	7,258,104
China | Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	2,889,115	2,816,320
China | Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,329,067	1,211,857
China | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	441,863	445,526
China | Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	3,039,177	2,758,888
China | Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	27,926	25,513
China | Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
China | Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
China | Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
China | Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	168,863	220,837
China | Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	886,080	798,068
China | Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	45,121	40,741
Other country
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	15,603,441	12,379,028
Other country | Due from banks and loans at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	11,881,860	9,372,599
Other country | Due from banks and loans at amortized cost | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	3,889,700	1,760,926
Other country | Due from banks and loans at amortized cost | Retail
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,243,811	1,047,765
Other country | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	635,751	460,428
Other country | Due from banks and loans at amortized cost | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	6,095,799	6,085,208
Other country | Due from banks and loans at amortized cost | Card receivable
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	16,799	18,272
Other country | Deposits and loans at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	441,751	7,872
Other country | Deposits and loans at FVTPL | Banks
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	0	0
Other country | Deposits and loans at FVTPL | Corporations
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	441,751	7,872
Other country | Securities at FVTPL
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,128,251	722,377
Other country | Securities at fair value through other comprehensive income
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	1,128,952	1,199,517
Other country | Securities at amortized cost
Concentration by geographic location for financial instrument, net of allowance [Line Items]
Financial assets, net	[2]	₩ 1,022,627	₩ 1,076,663
[1]	The composition details by industry are net book value less allowances.
[2]	The following accounts are the net carrying value less provision for doubtful accounts.

Concentration by industry secto

Concentration by industry sector of financial instrument, net of allowance (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	₩ 549,873,781	₩ 504,806,199
Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	387,826,781	349,085,837
Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	17,016,263	12,950,561
Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	170,314,316	152,840,826
Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	24,778,332	19,461,567
Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	152,895,324	140,718,619
Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	22,822,546	23,114,264
Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	2,079,913	3,052,346
Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	93,109	897,525
Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	1,986,804	2,154,821
Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	55,275,031	48,512,857
Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	57,409,433	58,573,094
Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1],[2]	47,282,623	45,582,065
Finance and insurance
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	124,138,498	111,928,180
Finance and insurance | Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	51,775,579	41,298,884
Finance and insurance | Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	16,656,030	12,461,379
Finance and insurance | Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Finance and insurance | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	24,671,308	19,342,308
Finance and insurance | Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	10,403,261	9,456,194
Finance and insurance | Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	44,980	39,003
Finance and insurance | Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	1,177,901	2,198,591
Finance and insurance | Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	63,112	897,525
Finance and insurance | Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	1,114,789	1,301,066
Finance and insurance | Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	34,294,362	29,826,338
Finance and insurance | Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	26,528,743	28,673,958
Finance and insurance | Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	10,361,913	9,930,409
Manufacturing
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	55,691,640	51,517,119
Manufacturing | Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	48,600,580	44,994,657
Manufacturing | Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Manufacturing | Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Manufacturing | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Manufacturing | Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	48,430,680	44,781,794
Manufacturing | Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	169,900	212,863
Manufacturing | Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	641,554	505,198
Manufacturing | Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Manufacturing | Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	641,554	505,198
Manufacturing | Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	2,978,991	2,466,874
Manufacturing | Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	3,448,765	3,500,514
Manufacturing | Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	21,750	49,876
Retail and wholesale
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	20,752,883	19,082,218
Retail and wholesale | Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	18,931,934	17,175,280
Retail and wholesale | Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail and wholesale | Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail and wholesale | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail and wholesale | Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	18,679,397	17,004,407
Retail and wholesale | Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	252,537	170,873
Retail and wholesale | Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	19,210	120,636
Retail and wholesale | Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail and wholesale | Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	19,210	120,636
Retail and wholesale | Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	1,223,958	1,112,688
Retail and wholesale | Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	577,781	673,614
Retail and wholesale | Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Real estate and service
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	38,498,821	32,130,233
Real estate and service | Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	35,958,502	30,080,295
Real estate and service | Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Real estate and service | Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Real estate and service | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	1,796	2,295
Real estate and service | Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	35,920,334	30,029,000
Real estate and service | Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	36,372	49,000
Real estate and service | Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	81,005	7,872
Real estate and service | Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	29,997	0
Real estate and service | Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	51,008	7,872
Real estate and service | Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	574,547	350,720
Real estate and service | Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	830,988	807,274
Real estate and service | Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	1,053,779	884,072
Construction service
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	5,748,752	6,033,982
Construction service | Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	3,559,672	3,527,266
Construction service | Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Construction service | Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Construction service | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Construction service | Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	3,521,216	3,485,602
Construction service | Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	38,456	41,664
Construction service | Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	3,000	3,500
Construction service | Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Construction service | Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	3,000	3,500
Construction service | Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	248,399	262,183
Construction service | Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	974,333	1,164,947
Construction service | Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	963,348	1,076,086
Lodging and Restaurant
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	6,571,223	6,115,721
Lodging and Restaurant | Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	6,502,403	6,026,780
Lodging and Restaurant | Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Lodging and Restaurant | Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Lodging and Restaurant | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Lodging and Restaurant | Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	6,479,253	6,003,383
Lodging and Restaurant | Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	23,150	23,397
Lodging and Restaurant | Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	900
Lodging and Restaurant | Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Lodging and Restaurant | Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	900
Lodging and Restaurant | Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	46,177	75,152
Lodging and Restaurant | Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	22,643	12,889
Lodging and Restaurant | Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Other industry
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	107,585,790	125,008,000
Other industry | Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	31,611,937	52,991,929
Other industry | Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	360,233	489,182
Other industry | Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Other industry | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	105,228	116,964
Other industry | Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	29,461,183	29,958,239
Other industry | Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	1,685,293	22,427,544
Other industry | Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	157,243	215,649
Other industry | Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Other industry | Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	157,243	215,649
Other industry | Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	15,908,597	14,418,902
Other industry | Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	25,026,180	23,739,898
Other industry | Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	34,881,833	33,641,622
Retail customers
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	190,886,174	152,990,746
Retail customers | Due from banks and loans at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	190,886,174	152,990,746
Retail customers | Due from banks and loans at amortized cost | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail customers | Due from banks and loans at amortized cost | Retail
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	170,314,316	152,840,826
Retail customers | Due from banks and loans at amortized cost | Government/Public agency/Central bank
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail customers | Due from banks and loans at amortized cost | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail customers | Due from banks and loans at amortized cost | Card receivable
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	20,571,858	149,920
Retail customers | Deposits and loans at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail customers | Deposits and loans at FVTPL | Banks
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail customers | Deposits and loans at FVTPL | Corporations
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail customers | Securities at FVTPL
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail customers | Securities at fair value through other comprehensive income
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	0	0
Retail customers | Securities at amortized cost
Concentration by industry sector of financial instrument, net of allowance [Line Items]
Financial assets, net	[1]	₩ 0	₩ 0
[1]	The composition details by industry are net book value less allowances.
[2]	The following accounts are the net carrying value less provision for doubtful accounts.

Market risk management from tra

Market risk management from trading positions (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Shinhan financial group | Average
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	₩ 890,558	₩ 908,038
Shinhan financial group | Average | Interest rate
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	525,465	508,039
Shinhan financial group | Average | Stock price
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	222,277	191,019
Shinhan financial group | Average | Foreign exchange risk
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	120,088	143,317
Shinhan financial group | Average | Option volatility
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	8,910	57,972
Shinhan financial group | Average | Commodity
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	13,818	7,691
Shinhan financial group | Maximum
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	1,004,324	975,167
Shinhan financial group | Maximum | Interest rate
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	592,668	527,349
Shinhan financial group | Maximum | Stock price
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	240,535	210,589
Shinhan financial group | Maximum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	124,915	151,779
Shinhan financial group | Maximum | Option volatility
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	23,224	74,892
Shinhan financial group | Maximum | Commodity
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	22,982	10,558
Shinhan financial group | Minimum
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	823,598	824,803
Shinhan financial group | Minimum | Interest rate
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	495,292	479,121
Shinhan financial group | Minimum | Stock price
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	202,036	162,595
Shinhan financial group | Minimum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	113,497	138,543
Shinhan financial group | Minimum | Option volatility
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	3,234	39,591
Shinhan financial group | Minimum | Commodity
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	9,539	4,953
Shinhan financial group | December 31
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	941,482	932,817
Shinhan financial group | December 31 | Interest rate
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	592,668	504,948
Shinhan financial group | December 31 | Stock price
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	222,544	210,589
Shinhan financial group | December 31 | Foreign exchange risk
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	113,497	139,562
Shinhan financial group | December 31 | Option volatility
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	3,234	67,160
Shinhan financial group | December 31 | Commodity
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	9,539	10,558
Shinhan Bank [Member] | Average
Market risk management from trading positions [Line Items]
Value at risk	106,030	47,925
Shinhan Bank [Member] | Average | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	41,165	21,208
Shinhan Bank [Member] | Average | Stock price
Market risk management from trading positions [Line Items]
Value at risk	27,077	18,136
Shinhan Bank [Member] | Average | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	65,309	24,727
Shinhan Bank [Member] | Average | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	305	161
Shinhan Bank [Member] | Average | Commodity
Market risk management from trading positions [Line Items]
Value at risk	13	15
Shinhan Bank [Member] | Maximum
Market risk management from trading positions [Line Items]
Value at risk	154,487	81,553
Shinhan Bank [Member] | Maximum | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	56,950	32,430
Shinhan Bank [Member] | Maximum | Stock price
Market risk management from trading positions [Line Items]
Value at risk	66,254	49,424
Shinhan Bank [Member] | Maximum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	83,335	29,085
Shinhan Bank [Member] | Maximum | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	1,073	325
Shinhan Bank [Member] | Maximum | Commodity
Market risk management from trading positions [Line Items]
Value at risk	170	104
Shinhan Bank [Member] | Minimum
Market risk management from trading positions [Line Items]
Value at risk	49,486	31,482
Shinhan Bank [Member] | Minimum | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	28,322	12,709
Shinhan Bank [Member] | Minimum | Stock price
Market risk management from trading positions [Line Items]
Value at risk	7,545	8,171
Shinhan Bank [Member] | Minimum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	27,668	22,259
Shinhan Bank [Member] | Minimum | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	114	60
Shinhan Bank [Member] | Minimum | Commodity
Market risk management from trading positions [Line Items]
Value at risk	0	0
Shinhan Bank [Member] | December 31
Market risk management from trading positions [Line Items]
Value at risk	94,613	47,952
Shinhan Bank [Member] | December 31 | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	42,867	28,313
Shinhan Bank [Member] | December 31 | Stock price
Market risk management from trading positions [Line Items]
Value at risk	7,893	15,386
Shinhan Bank [Member] | December 31 | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	69,024	25,910
Shinhan Bank [Member] | December 31 | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	138	212
Shinhan Bank [Member] | December 31 | Commodity
Market risk management from trading positions [Line Items]
Value at risk	1	10
Shinhan Bank [Member] | December 31 | Portfolio diversification effect
Market risk management from trading positions [Line Items]
Value at risk	(25,310)	(21,879)
Shinhan Card | Average
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	2,034	1,417
Shinhan Card | Average | Interest rate
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	2,034	1,417
Shinhan Card | Maximum
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	2,400	2,000
Shinhan Card | Maximum | Interest rate
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	2,400	2,000
Shinhan Card | Minimum
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	1,900	1,000
Shinhan Card | Minimum | Interest rate
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	1,900	1,000
Shinhan Card | December 31
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	2,400	2,000
Shinhan Card | December 31 | Interest rate
Market risk management from trading positions [Line Items]
Requisite capital in light of the market risk	2,400	2,000
Shinhan Investment | Average
Market risk management from trading positions [Line Items]
Value at risk	75,226	38,262
Shinhan Investment | Average | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	20,512	13,725
Shinhan Investment | Average | Stock price
Market risk management from trading positions [Line Items]
Value at risk	26,136	31,330
Shinhan Investment | Average | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	12,477	4,107
Shinhan Investment | Average | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	43,324	9,889
Shinhan Investment | Maximum
Market risk management from trading positions [Line Items]
Value at risk	187,985	85,597
Shinhan Investment | Maximum | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	30,903	20,857
Shinhan Investment | Maximum | Stock price
Market risk management from trading positions [Line Items]
Value at risk	51,509	74,421
Shinhan Investment | Maximum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	46,970	37,970
Shinhan Investment | Maximum | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	162,008	31,711
Shinhan Investment | Minimum
Market risk management from trading positions [Line Items]
Value at risk	18,648	5,780
Shinhan Investment | Minimum | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	12,076	5,671
Shinhan Investment | Minimum | Stock price
Market risk management from trading positions [Line Items]
Value at risk	2,412	15,449
Shinhan Investment | Minimum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	632	368
Shinhan Investment | Minimum | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	2,894	2,504
Shinhan Investment | December 31
Market risk management from trading positions [Line Items]
Value at risk	95,208	36,732
Shinhan Investment | December 31 | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	23,551	11,946
Shinhan Investment | December 31 | Stock price
Market risk management from trading positions [Line Items]
Value at risk	36,573	25,691
Shinhan Investment | December 31 | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	15,557	4,369
Shinhan Investment | December 31 | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	57,924	9,876
Shinhan Investment | December 31 | Portfolio diversification effect
Market risk management from trading positions [Line Items]
Value at risk	(38,397)	(15,150)
Shinhan Life Insurance | Average
Market risk management from trading positions [Line Items]
Value at risk	24,838	8,765
Shinhan Life Insurance | Average | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	2,967	1,853
Shinhan Life Insurance | Average | Stock price
Market risk management from trading positions [Line Items]
Value at risk	10,953	5,015
Shinhan Life Insurance | Average | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	10,485	1,581
Shinhan Life Insurance | Average | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	433	316
Shinhan Life Insurance | Maximum
Market risk management from trading positions [Line Items]
Value at risk	46,210	19,442
Shinhan Life Insurance | Maximum | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	6,934	8,856
Shinhan Life Insurance | Maximum | Stock price
Market risk management from trading positions [Line Items]
Value at risk	16,592	6,520
Shinhan Life Insurance | Maximum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	21,588	3,434
Shinhan Life Insurance | Maximum | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	1,096	632
Shinhan Life Insurance | Minimum
Market risk management from trading positions [Line Items]
Value at risk	9,540	4,814
Shinhan Life Insurance | Minimum | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	354	313
Shinhan Life Insurance | Minimum | Stock price
Market risk management from trading positions [Line Items]
Value at risk	4,481	4,374
Shinhan Life Insurance | Minimum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	4,665	3
Shinhan Life Insurance | Minimum | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	40	124
Shinhan Life Insurance | December 31
Market risk management from trading positions [Line Items]
Value at risk	29,119	8,100
Shinhan Life Insurance | December 31 | Interest rate
Market risk management from trading positions [Line Items]
Value at risk	619	600
Shinhan Life Insurance | December 31 | Stock price
Market risk management from trading positions [Line Items]
Value at risk	13,742	4,978
Shinhan Life Insurance | December 31 | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	13,669	2,050
Shinhan Life Insurance | December 31 | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	1,089	472
Orange Life insurance | Average
Market risk management from trading positions [Line Items]
Value at risk	17,137	18,578
Orange Life insurance | Average | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	17,064	18,578
Orange Life insurance | Average | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	73
Orange Life insurance | Maximum
Market risk management from trading positions [Line Items]
Value at risk	19,681	23,614
Orange Life insurance | Maximum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	19,597	23,614
Orange Life insurance | Maximum | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	84
Orange Life insurance | Minimum
Market risk management from trading positions [Line Items]
Value at risk	10,179	12,577
Orange Life insurance | Minimum | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	10,172	12,577
Orange Life insurance | Minimum | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	7
Orange Life insurance | December 31
Market risk management from trading positions [Line Items]
Value at risk	18,037	16,710
Orange Life insurance | December 31 | Foreign exchange risk
Market risk management from trading positions [Line Items]
Value at risk	17,964	₩ 16,710
Orange Life insurance | December 31 | Option volatility
Market risk management from trading positions [Line Items]
Value at risk	₩ 73

Interest rate risk management f

Interest rate risk management from non-trading positions (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Shinhan Bank [Member]
Interest rate risk management from non-trading positions [Line Items]
delta EVE	[1]	₩ 468,327	₩ 369,944
delta NII	[2]	115,221	161,385
Shinhan Card
Interest rate risk management from non-trading positions [Line Items]
delta EVE	[1]	463,647	696,505
delta NII	[2]	594,210	554,499
Shinhan Investment
Interest rate risk management from non-trading positions [Line Items]
delta EVE	[1]	209,929	77,436
delta NII	[2]	89,925	127,476
Shinhan Life Insurance
Interest rate risk management from non-trading positions [Line Items]
delta EVE	[1]	4,140,109	4,831,042
delta NII	[2]	46,073	77,000
Orange Life insurance
Interest rate risk management from non-trading positions [Line Items]
delta EVE	[1]	2,007,029	2,800,603
delta NII	[2]	₩ 38,733	₩ 46,372
[1]	Delta EVE is the economic value of equity capital that can arise from changes in interest rates that affect the present value of assets, liabilities and off-balance sheet items by using the Basel III standard based IRRBB method.
[2]	Delta NII is the change in net interest income that can occur over the next year due to changes in interest rates by using the Basel III standard based IRRBB method.

Foreign currency denominated fi

Foreign currency denominated financial assets and liabilities (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
USD | Financial assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	₩ 39,604,300	₩ 38,788,834
USD | Cash and due from banks at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	4,729,453	4,235,225
USD | Due from banks at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	31,633	719,812
USD | Loan receivables measured at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	745,277	479,950
USD | Securities at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	4,426,257	5,391,450
USD | Derivative assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	913,778	342,120
USD | Loans at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	21,435,678	18,275,153
USD | Securities at fair value through other comprehensive income
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	3,868,880	4,775,714
USD | Securities at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	1,273,204	1,392,901
USD | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	2,180,140	3,176,509
USD | Financial liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	39,496,155	37,635,155
USD | Deposits
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	17,542,371	14,658,624
USD | Financial liabilities at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
USD | Financial liabilities designated at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	1,068,245	1,444,254
USD | Derivative liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	558,064	320,176
USD | Borrowings
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	8,431,144	8,938,762
USD | Debt securities issued
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	8,417,214	7,882,293
USD | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	3,479,117	4,391,046
USD | Net asset
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	108,145	1,153,679
USD | Off-balance derivative exposure
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	438,469	(1,335,794)
USD | Net position
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	546,614	(182,115)
JPY | Financial assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	11,783,861	10,226,650
JPY | Cash and due from banks at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	1,988,215	1,532,661
JPY | Due from banks at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk		0
JPY | Loan receivables measured at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	19,807	0
JPY | Securities at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	2,574	32,565
JPY | Derivative assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	21,531	1,403
JPY | Loans at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	9,076,702	8,256,756
JPY | Securities at fair value through other comprehensive income
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	149,718	83,713
JPY | Securities at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	240,619	183,133
JPY | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	284,695	136,419
JPY | Financial liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	11,169,352	9,886,517
JPY | Deposits
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	10,136,700	9,057,393
JPY | Financial liabilities at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
JPY | Financial liabilities designated at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
JPY | Derivative liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	10,819	6,466
JPY | Borrowings
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	810,819	347,881
JPY | Debt securities issued
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	87,504	319,041
JPY | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	123,510	155,736
JPY | Net asset
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	614,509	340,133
JPY | Off-balance derivative exposure
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	(166,923)	(160,734)
JPY | Net position
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	447,586	179,399
EUR | Financial assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	2,765,752	2,214,966
EUR | Cash and due from banks at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	402,137	354,686
EUR | Due from banks at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
EUR | Loan receivables measured at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	91,503	7,872
EUR | Securities at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	455,769	303,917
EUR | Derivative assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	50,842	16,922
EUR | Loans at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	1,296,284	955,836
EUR | Securities at fair value through other comprehensive income
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	222,547	337,573
EUR | Securities at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	69,132	67,080
EUR | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	177,538	171,080
EUR | Financial liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	2,516,268	2,141,207
EUR | Deposits
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	991,501	843,946
EUR | Financial liabilities at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
EUR | Financial liabilities designated at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
EUR | Derivative liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	33,940	20,833
EUR | Borrowings
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	306,829	190,366
EUR | Debt securities issued
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	933,570	960,890
EUR | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	250,428	125,172
EUR | Net asset
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	249,484	73,759
EUR | Off-balance derivative exposure
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	187,408	273,571
EUR | Net position
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	436,892	347,330
CNY | Financial assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	5,772,165	5,923,432
CNY | Cash and due from banks at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	798,053	1,714,524
CNY | Due from banks at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
CNY | Loan receivables measured at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
CNY | Securities at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
CNY | Derivative assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	1,100	391
CNY | Loans at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	4,130,855	3,350,557
CNY | Securities at fair value through other comprehensive income
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	460,681	436,236
CNY | Securities at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	45,151	40,769
CNY | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	336,325	380,955
CNY | Financial liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	5,379,341	5,403,297
CNY | Deposits
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	4,650,406	4,426,507
CNY | Financial liabilities at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
CNY | Financial liabilities designated at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
CNY | Derivative liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	858	1,163
CNY | Borrowings
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	163,454	407,767
CNY | Debt securities issued
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
CNY | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	564,623	567,860
CNY | Net asset
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	392,824	520,135
CNY | Off-balance derivative exposure
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	44,764	(114,015)
CNY | Net position
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	437,588	406,120
Other | Financial assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	15,620,382	12,976,341
Other | Cash and due from banks at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	3,053,388	1,715,443
Other | Due from banks at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
Other | Loan receivables measured at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
Other | Securities at FVTPL
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	316,468	357,018
Other | Derivative assets
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	114,055	80,506
Other | Loans at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	8,987,453	7,960,731
Other | Securities at fair value through other comprehensive income
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	1,000,855	917,335
Other | Securities at amortized cost
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	1,588,358	1,482,574
Other | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	559,805	462,734
Other | Financial liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	12,276,969	10,040,857
Other | Deposits
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	8,438,144	6,906,741
Other | Financial liabilities at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	544,916	474,080
Other | Financial liabilities designated at fair value through profit or loss
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	0	0
Other | Derivative liabilities
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	105,134	15,564
Other | Borrowings
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	692,305	139,658
Other | Debt securities issued
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	1,652,835	1,526,661
Other | Others
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	843,635	978,153
Other | Net asset
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	3,343,413	2,935,484
Other | Off-balance derivative exposure
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	(896,933)	(844,534)
Other | Net position
Foreign currency denominated financial assets and liabilities [Line Items]
Foreign exchange risk	₩ 2,446,480	₩ 2,090,950

Maturity analysis for financial

Maturity analysis for financial assets held for managing liquidity risk (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Financial assets
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	₩ 620,730,141	₩ 576,625,030
Cash and due from banks at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	33,216,254	28,449,571
Due from banks at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	63,113	897,525
Loan receivables measured at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	2,076,099	2,230,415
Loans at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	391,885,336	360,672,557
Securities at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	56,039,981	49,930,015
Securities at fair value through other comprehensive income
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	58,414,773	59,499,362
Securities at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	61,251,658	57,475,129
Others
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	17,782,927	17,470,456
Less than 1 month | Financial assets
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	176,370,069	166,121,242
Less than 1 month | Cash and due from banks at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	30,486,441	25,543,400
Less than 1 month | Due from banks at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	63,113	130,780
Less than 1 month | Loan receivables measured at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	31,100	29,961
Less than 1 month | Loans at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	30,170,280	28,857,297
Less than 1 month | Securities at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	44,779,587	39,736,655
Less than 1 month | Securities at fair value through other comprehensive income
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	55,002,284	57,317,802
Less than 1 month | Securities at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	385,809	1,214,108
Less than 1 month | Others
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	15,451,455	13,291,239
1~3 months | Financial assets
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	43,173,389	42,670,989
1~3 months | Cash and due from banks at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	845,977	1,039,822
1~3 months | Due from banks at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	0	150,217
1~3 months | Loan receivables measured at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	689,261	783,429
1~3 months | Loans at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	38,040,760	36,706,993
1~3 months | Securities at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	1,413,545	1,852,680
1~3 months | Securities at fair value through other comprehensive income
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	10,740	0
1~3 months | Securities at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	2,070,392	2,015,590
1~3 months | Others
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	102,714	122,258
3~6 months | Financial assets
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	54,791,811	50,257,451
3~6 months | Cash and due from banks at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	501,733	421,453
3~6 months | Due from banks at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	0	594,643
3~6 months | Loan receivables measured at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	46,369	12,638
3~6 months | Loans at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	52,331,623	46,672,732
3~6 months | Securities at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	571,552	728,518
3~6 months | Securities at fair value through other comprehensive income
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	207	0
3~6 months | Securities at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	1,202,211	1,704,574
3~6 months | Others
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	138,116	122,893
6 months ~ 1 year | Financial assets
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	88,916,765	80,063,706
6 months ~ 1 year | Cash and due from banks at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	860,975	1,145,323
6 months ~ 1 year | Due from banks at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	0	21,885
6 months ~ 1 year | Loan receivables measured at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	117,820	142,756
6 months ~ 1 year | Loans at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	82,840,301	74,931,639
6 months ~ 1 year | Securities at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	1,160,406	1,120,791
6 months ~ 1 year | Securities at fair value through other comprehensive income
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	414	40,145
6 months ~ 1 year | Securities at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	3,649,376	2,098,374
6 months ~ 1 year | Others
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	287,473	562,793
1~5 years | Financial assets
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	142,310,046	124,645,298
1~5 years | Cash and due from banks at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	4,467	50,070
1~5 years | Due from banks at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	0	0
1~5 years | Loan receivables measured at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	310,954	773,305
1~5 years | Loans at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	119,243,663	103,334,861
1~5 years | Securities at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	3,384,948	2,716,677
1~5 years | Securities at fair value through other comprehensive income
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	79,640	30,195
1~5 years | Securities at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	19,054,766	17,491,024
1~5 years | Others
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	231,608	249,166
More than 5 years | Financial assets
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	115,168,061	112,866,344
More than 5 years | Cash and due from banks at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	516,661	249,503
More than 5 years | Due from banks at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	0	0
More than 5 years | Loan receivables measured at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	880,595	488,326
More than 5 years | Loans at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	69,258,709	70,169,035
More than 5 years | Securities at FVTPL
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	4,729,943	3,774,694
More than 5 years | Securities at fair value through other comprehensive income
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	3,321,488	2,111,220
More than 5 years | Securities at amortized cost
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	34,889,104	32,951,459
More than 5 years | Others
Disclosure of maturity analysis for financial assets held for managing liquidity risk [Line Items]
Non-derivative financial assets, undiscounted cash flows	[1]	₩ 1,571,561	₩ 3,122,107
[1]	These amounts include cash flows of principal and interest on financial assets.

Maturity analysis for non-deriv

Maturity analysis for non-derivative financial liabilities and off balance (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Financial liabilities
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	₩ 490,603,854	₩ 453,598,265
Deposits
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	329,350,009	299,576,316
Financial liabilities at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	1,439,099	1,637,983
Borrowings
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	41,922,410	34,887,838
Debt securities issued
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	78,797,906	79,832,430
Financial liabilities designated at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	8,455,724	9,409,456
Others
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	30,638,706	28,254,242
Off balance
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		192,037,822	183,214,605
Financial guarantee contracts
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		4,481,506	4,698,558
Loan commitments and other
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		187,556,316	178,516,047
Less than 1 month | Financial liabilities
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	238,977,763	196,005,922
Less than 1 month | Deposits
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	187,299,944	149,773,324
Less than 1 month | Financial liabilities at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	1,409,608	1,558,186
Less than 1 month | Borrowings
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	14,670,192	15,314,322
Less than 1 month | Debt securities issued
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	5,872,508	5,367,601
Less than 1 month | Financial liabilities designated at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	596,675	487,743
Less than 1 month | Others
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	29,128,836	23,504,746
Less than 1 month | Off balance
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		192,017,922	183,214,605
Less than 1 month | Financial guarantee contracts
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		4,481,506	4,698,558
Less than 1 month | Loan commitments and other
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		187,536,416	178,516,047
1~3 months | Financial liabilities
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	38,722,706	39,707,074
1~3 months | Deposits
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	28,357,521	31,415,213
1~3 months | Financial liabilities at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	794	1,096
1~3 months | Borrowings
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	3,783,621	3,690,803
1~3 months | Debt securities issued
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	6,261,775	4,370,308
1~3 months | Financial liabilities designated at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	221,857	110,965
1~3 months | Others
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	97,138	118,689
1~3 months | Off balance
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		0	0
1~3 months | Financial guarantee contracts
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		0	0
1~3 months | Loan commitments and other
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		0	0
3~6 months | Financial liabilities
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	45,034,147	47,506,216
3~6 months | Deposits
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	36,578,825	38,077,790
3~6 months | Financial liabilities at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	7,042	12,095
3~6 months | Borrowings
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	2,920,338	3,608,178
3~6 months | Debt securities issued
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	5,039,503	4,876,333
3~6 months | Financial liabilities designated at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	336,784	678,041
3~6 months | Others
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	151,655	253,779
3~6 months | Off balance
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		0	0
3~6 months | Financial guarantee contracts
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		0	0
3~6 months | Loan commitments and other
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		0	0
6 months ~ 1 year | Financial liabilities
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	78,606,904	76,900,651
6 months ~ 1 year | Deposits
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	59,863,780	61,746,589
6 months ~ 1 year | Financial liabilities at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	2,785	17,997
6 months ~ 1 year | Borrowings
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	5,463,070	4,028,183
6 months ~ 1 year | Debt securities issued
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	11,457,246	8,945,916
6 months ~ 1 year | Financial liabilities designated at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	1,277,802	1,651,198
6 months ~ 1 year | Others
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	542,221	510,768
6 months ~ 1 year | Off balance
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		19,900	0
6 months ~ 1 year | Financial guarantee contracts
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows			0
6 months ~ 1 year | Loan commitments and other
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows		19,900	0
1~5 years | Financial liabilities
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	75,004,925	75,901,665
1~5 years | Deposits
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	14,894,480	14,972,484
1~5 years | Financial liabilities at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	18,870	48,609
1~5 years | Borrowings
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	10,692,374	5,244,109
1~5 years | Debt securities issued
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	43,712,609	49,804,651
1~5 years | Financial liabilities designated at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	5,043,549	5,414,944
1~5 years | Others
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	643,043	416,868
1~5 years | Off balance
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows			0
1~5 years | Financial guarantee contracts
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows			0
1~5 years | Loan commitments and other
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows			0
More than 5 years | Financial liabilities
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	14,257,409	17,576,737
More than 5 years | Deposits
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	2,355,459	3,590,916
More than 5 years | Financial liabilities at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	0	0
More than 5 years | Borrowings
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	4,392,815	3,002,243
More than 5 years | Debt securities issued
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	6,454,265	6,467,621
More than 5 years | Financial liabilities designated at fair value through profit or loss
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	979,057	1,066,565
More than 5 years | Others
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Non-derivative financial liabilities, undiscounted cash flows	[1]	₩ 75,813	3,449,392
More than 5 years | Off balance
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows			0
More than 5 years | Financial guarantee contracts
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows			0
More than 5 years | Loan commitments and other
Disclosure of maturity analysis for non-derivative financial liabilities and off balance [Line Items]
Off-balance, undiscounted cash flows			₩ 0
[1]	These amounts include cash flows of principal and interest on financial liabilities.

Maturity analysis for derivativ

Maturity analysis for derivatives (Details) - Derivatives - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Disclosure of maturity analysis for derivatives [Line Items]
Derivatives	[1]	₩ 879,379	₩ 807,217
Less than 1 month
Disclosure of maturity analysis for derivatives [Line Items]
Derivatives	[1]	419,951	407,885
1~3 months
Disclosure of maturity analysis for derivatives [Line Items]
Derivatives	[1]	29,829	9,640
3~6 months
Disclosure of maturity analysis for derivatives [Line Items]
Derivatives	[1]	75,483	34,228
6 months ~ 1 year
Disclosure of maturity analysis for derivatives [Line Items]
Derivatives	[1]	149,274	18,196
1~5 years
Disclosure of maturity analysis for derivatives [Line Items]
Derivatives	[1]	103,770	160,292
More than 5 years
Disclosure of maturity analysis for derivatives [Line Items]
Derivatives	[1]	₩ 101,072	₩ 176,976
[1]	These amounts include cash flows of principal and interest on financial assets.

Fair Value measurement of finan

Fair Value measurement of financial assets measured at fair value (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	₩ 123,041,430	₩ 115,373,470
Due from banks at FVTPL
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	63,112	897,525
Loan receivables measured at FVTPL
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	2,016,801	2,154,821
Financial assets at fair value through profit or loss | Debt securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	55,086,692	48,401,142
Financial assets at fair value through profit or loss | Equity securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	1,736,459	1,597,940
Financial assets at fair value through profit or loss | Gold and silver deposits
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	188,339	111,715
Derivative assets | Trading purpose
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	5,157,412	2,586,068
Derivative assets | Hedging purpose
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	476,503	243,206
Securities at fair value through other comprehensive income | Debt securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	57,409,433	58,573,094
Securities at fair value through other comprehensive income | Equity securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	906,679	807,959
Level 1
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	25,724,740	24,418,112
Level 1 | Due from banks at FVTPL
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	0	0
Level 1 | Loan receivables measured at FVTPL
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	0	0
Level 1 | Financial assets at fair value through profit or loss | Debt securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	7,029,453	6,304,161
Level 1 | Financial assets at fair value through profit or loss | Equity securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	693,816	890,714
Level 1 | Financial assets at fair value through profit or loss | Gold and silver deposits
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	188,339	111,715
Level 1 | Derivative assets | Trading purpose
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	125,339	35,711
Level 1 | Derivative assets | Hedging purpose
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	0	0
Level 1 | Securities at fair value through other comprehensive income | Debt securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	17,515,390	16,892,704
Level 1 | Securities at fair value through other comprehensive income | Equity securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	172,403	183,107
Level 2
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	85,263,917	78,068,155
Level 2 | Due from banks at FVTPL
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	0	66,870
Level 2 | Loan receivables measured at FVTPL
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	708,111	686,446
Level 2 | Financial assets at fair value through profit or loss | Debt securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	39,335,739	33,145,583
Level 2 | Financial assets at fair value through profit or loss | Equity securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	210,230	195,395
Level 2 | Financial assets at fair value through profit or loss | Gold and silver deposits
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	0	0
Level 2 | Derivative assets | Trading purpose
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	4,623,218	2,088,307
Level 2 | Derivative assets | Hedging purpose
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	475,708	240,430
Level 2 | Securities at fair value through other comprehensive income | Debt securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	39,861,238	41,645,124
Level 2 | Securities at fair value through other comprehensive income | Equity securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	49,673	0
Level 3
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	12,052,773	12,887,203
Level 3 | Due from banks at FVTPL
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	63,112	830,655
Level 3 | Loan receivables measured at FVTPL
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	1,308,690	1,468,375
Level 3 | Financial assets at fair value through profit or loss | Debt securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	8,721,500	8,951,398
Level 3 | Financial assets at fair value through profit or loss | Equity securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	832,413	511,831
Level 3 | Financial assets at fair value through profit or loss | Gold and silver deposits
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	0	0
Level 3 | Derivative assets | Trading purpose
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	408,855	462,050
Level 3 | Derivative assets | Hedging purpose
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	795	2,776
Level 3 | Securities at fair value through other comprehensive income | Debt securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	32,805	35,266
Level 3 | Securities at fair value through other comprehensive income | Equity securities
Fair Value measurement of financial assets measured at fair value [Line Items]
Carrying value	₩ 684,603	₩ 624,852

Fair Value measurement of fin_2

Fair Value measurement of financial liabilities measured at fair value (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	₩ 14,908,985	₩ 13,344,925
Financial liabilities measured at FVTPL | Securities sold
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	897,129	1,164,697
Financial liabilities measured at FVTPL | Gold and silver deposits
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	539,565	467,760
Financial liabilities designated at fair value through profit or loss | Derivatives-combined securities
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	8,455,724	9,409,456
Derivative liabilities | Trading purpose
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	4,680,064	2,001,004
Derivative liabilities | Hedging purpose
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	336,503	302,008
Level 1
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	1,598,322	1,679,311
Level 1 | Financial liabilities measured at FVTPL | Securities sold
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	897,129	1,164,697
Level 1 | Financial liabilities measured at FVTPL | Gold and silver deposits
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	539,565	467,760
Level 1 | Financial liabilities designated at fair value through profit or loss | Derivatives-combined securities
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	0	0
Level 1 | Derivative liabilities | Trading purpose
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	161,628	46,854
Level 1 | Derivative liabilities | Hedging purpose
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	0	0
Level 2
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	4,978,984	2,845,155
Level 2 | Financial liabilities measured at FVTPL | Securities sold
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	0	0
Level 2 | Financial liabilities measured at FVTPL | Gold and silver deposits
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	0	0
Level 2 | Financial liabilities designated at fair value through profit or loss | Derivatives-combined securities
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	314,220	897,967
Level 2 | Derivative liabilities | Trading purpose
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	4,431,080	1,834,930
Level 2 | Derivative liabilities | Hedging purpose
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	233,684	112,258
Level 3
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	8,331,679	8,820,459
Level 3 | Financial liabilities measured at FVTPL | Securities sold
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	0	0
Level 3 | Financial liabilities measured at FVTPL | Gold and silver deposits
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	0	0
Level 3 | Financial liabilities designated at fair value through profit or loss | Derivatives-combined securities
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	8,141,504	8,511,489
Level 3 | Derivative liabilities | Trading purpose
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	87,356	119,220
Level 3 | Derivative liabilities | Hedging purpose
Fair Value measurement of financial liabilities measured at fair value [Line Items]
Carrying value	₩ 102,819	₩ 189,750

Changes in carrying values of f

Changes in carrying values of financial instruments classified as Level 3 (Details) - Level 3 - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Changes in carrying values of financial instruments classified as Level 3 [Line Items]
Recognized in profit (loss) for the year		₩ (122,382)	₩ (172,063)
Financial assets at fair value through profit or loss
Changes in carrying values of financial instruments classified as Level 3 [Line Items]
Beginning balance		11,762,259	7,122,565
Recognized in profit (loss) for the year		(59,931)	61,738
Recognized in other comprehensive income (loss) for the year		69,819	125,037
Purchase		4,461,802	5,941,978
Issue		0	0
Settlement		(5,231,666)	(2,332,781)
Reclassification		(377,641)	0
Transfer to level3	[1]	358,123	162,906
Transfer from level3	[1]	(57,513)	(27,075)
Business combination (Note 47)		463	707,891
Ending balance		10,925,715	11,762,259
Securities at fair value through other comprehensive income
Changes in carrying values of financial instruments classified as Level 3 [Line Items]
Beginning balance		660,118	550,505
Recognized in profit (loss) for the year		(2,094)	1,461
Recognized in other comprehensive income (loss) for the year		(2,521)	34,716
Purchase		61,919	103,564
Issue		0	0
Settlement		(14)	(22,842)
Reclassification		0	(7,286)
Transfer to level3	[1]	0	0
Transfer from level3	[1]	0	0
Business combination (Note 47)		0	0
Ending balance		717,408	660,118
Financial liabilities designated at fair value through profit or loss
Changes in carrying values of financial instruments classified as Level 3 [Line Items]
Beginning balance		(8,511,489)	(6,833,737)
Recognized in profit (loss) for the year		(196,743)	(826,594)
Recognized in other comprehensive income (loss) for the year		(9,689)	(13,654)
Purchase		0	0
Issue		(9,043,503)	(8,821,680)
Settlement		9,928,472	7,984,176
Reclassification		0	0
Transfer to level3	[1]	(308,552)	0
Transfer from level3	[1]	0	0
Business combination (Note 47)		0	0
Ending balance		(8,141,504)	(8,511,489)
Derivative assets and liabilities, net
Changes in carrying values of financial instruments classified as Level 3 [Line Items]
Beginning balance		155,856	(526,223)
Recognized in profit (loss) for the year		136,386	591,332
Recognized in other comprehensive income (loss) for the year		0	0
Purchase		1,171	2,221
Issue		0	0
Settlement		(74,584)	88,312
Reclassification		0	0
Transfer to level3	[1]	625	248
Transfer from level3	[1]	21	(34)
Business combination (Note 47)		0	0
Ending balance		₩ 219,475	₩ 155,856
[1]	The investment securities transferred to Level 3 as the availability of observable market data changed due to reasons such as suspension of trading, and the derivative instruments transferred to Level 3 as the availability of observable market data changed due to reasons such as changes in the valuation.

Recognized profit or loss of th

Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 (Details) - Level 3 - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items]
Amounts recognized in profit or loss	₩ (122,382)	₩ (172,063)
Recognized profit or loss from the financial instruments held as of December 31	26,867	68,537
Gain (loss) on financial assets at fair value through profit or loss
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items]
Amounts recognized in profit or loss	(8,304)	544,849
Recognized profit or loss from the financial instruments held as of December 31	(180,419)	23,912
Gain (loss) on financial assets designated at fair value through profit or loss
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items]
Amounts recognized in profit or loss	(196,743)	(826,594)
Recognized profit or loss from the financial instruments held as of December 31	189,885	(66,113)
Gain (loss) on securities at fair value through other comprehensive income
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items]
Amounts recognized in profit or loss	(2,094)	1,461
Recognized profit or loss from the financial instruments held as of December 31	(2,094)	1,191
Other operating income (expenses)
Recognized profit or loss of the changes in carrying value of financial instruments classified as Level 3 [Line Items]
Amounts recognized in profit or loss	84,759	108,221
Recognized profit or loss from the financial instruments held as of December 31	₩ 19,495	₩ 109,547

Valuation techniques and inputs

Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Level 2
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Carrying value		₩ 85,263,917	₩ 78,068,155
Level 2 | Financial assets at fair value through profit or loss
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Carrying value		₩ 40,254,080	₩ 34,094,294
Level 2 | Financial assets at fair value through profit or loss | Debt securities
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	DCF	DCF
Carrying value		₩ 40,043,850	₩ 33,898,899
Significant unobservable inputs and range		Discount rate, interest rate, stock price, and etc.	Discount rate, interest rate, stock price, and etc.
Level 2 | Financial assets at fair value through profit or loss | Equity securities
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	NAV	NAV
Carrying value		₩ 210,230	₩ 195,395
Significant unobservable inputs and range		Price of underlying assets such as stocks, bonds, etc.	Price of underlying assets such as stocks, bonds
Level 2 | Derivative assets
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Carrying value		₩ 5,098,926	₩ 2,328,737
Level 2 | Derivative assets | Trading purpose
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]		Option model, DCF
Carrying value		₩ 4,623,218	₩ 2,088,307
Significant unobservable inputs and range		Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc.	Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc.
Level 2 | Derivative assets | Hedging purpose
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]		Option model, DCF
Carrying value		₩ 475,708	₩ 240,430
Significant unobservable inputs and range		Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc.	Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc.
Level 2 | Securities at fair value through other comprehensive income
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Carrying value		₩ 39,910,911	₩ 41,645,124
Level 2 | Securities at fair value through other comprehensive income | Debt securities
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	DCF	DCF
Carrying value		₩ 39,861,238	₩ 41,645,124
Significant unobservable inputs and range		Interest rate, discount rate and price of underlying assets such as stock, bonds, etc.	Discount rate, growth rate and price of underlying assets such as stock, bonds, etc.
Level 2 | Securities at fair value through other comprehensive income | Equity securities
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	NAV	NAV
Carrying value		₩ 49,673	₩ 0
Significant unobservable inputs and range		Discount rate and price of underlying assets such as stock, bonds, etc.	Discount rate and price of underlying assets such as stock, bonds, etc.
Level 3
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Carrying value		₩ 12,052,773	₩ 12,887,203
Level 3 | Financial assets at fair value through profit or loss
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Carrying value		₩ 10,925,715	₩ 11,762,259
Level 3 | Financial assets at fair value through profit or loss | Debt securities
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	DCF, Option model, Comparable company analysis	DCF, Option model
Carrying value		₩ 10,093,302	₩ 11,250,428
Significant unobservable inputs and range		The volatility of the underlying asset(5.06%~61.32%) Discount rate(0.35%~27.17%) Correlations(0.00%~100.0%)	The volatility of the underlying asset(0.00%~46.36%) Discount rate(1.14%~30.70%)
Level 3 | Financial assets at fair value through profit or loss | Equity securities
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	DCF, NAV, Option model, Comparable company analysis	DCF, NAV
Carrying value		₩ 832,413	₩ 511,831
Significant unobservable inputs and range		The volatility of the underlying asset(21.00%~40.00%) Correlations(20.00%~79.00%) Discount rate(5.83%~16.87%)	The volatility of the underlying asset(1.00%~43.00%) Correlations(5.00%~88.00%) Discount rate(5.06%~15.42%)
Level 3 | Derivative assets
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Carrying value		₩ 409,650	₩ 464,826
Level 3 | Derivative assets | Equity and foreign exchange related
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model	Option model
Carrying value		₩ 113,496	₩ 145,011
Significant unobservable inputs and range		The volatility of the underlying asset(4.30%~127.00%) Correlations(-3.00%~82.00%)	The volatility of the underlying asset(1.51%~56.00%) Correlations(-42.00%~82.00%)
Level 3 | Derivative assets | Interest rates related
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model	Option model
Carrying value		₩ 23,112	₩ 30,983
Significant unobservable inputs and range		The volatility of the underlying asset(0.47%~1.00%) Regression coefficient(0.30%~0.58%) Correlations(26.00%~90.45%)	The volatility of the underlying asset(0.50%~0.67%) Regression coefficient(1.30%~1.57%) Correlations(59.53%)
Level 3 | Derivative assets | Credit and commodity related
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model	Option model
Carrying value		₩ 273,042	₩ 288,832
Significant unobservable inputs and range		The volatility of the underlying asset(1.00%~40.00%) Correlations(-43.00%~92.00%)	The volatility of the underlying asset(0.00%~39.00%) Correlations(0.00%~93.00%)
Level 3 | Securities at fair value through other comprehensive income
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Carrying value		₩ 717,408	₩ 660,118
Level 3 | Securities at fair value through other comprehensive income | Debt securities
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	DCF, NAV, Option model, Comparable company analysis	DCF, NAV
Carrying value		₩ 32,805	₩ 35,266
Significant unobservable inputs and range		The volatility of the underlying asset(22.11%) Discount rate(0.05%~19.05%) Growth rate(0.00%~2.00%)	Discount rate(7.78%~19.32%) Growth rate(0.00%~2.00%)
Level 3 | Securities at fair value through other comprehensive income | Equity securities
Valuation techniques and inputs used in measuring the fair value of financial assets classified as level 2 & 3 [Line Items]
Valuation technique	[1]	DCF, NAV, Option model, Comparable company analysis	DCF, NAV
Carrying value		₩ 684,603	₩ 624,852
Significant unobservable inputs and range		The volatility of the underlying asset(22.11%) Discount rate(0.05%~19.05%) Growth rate(0.00%~2.00%)	Discount rate(7.78%~19.32%) Growth rate(0.00%~2.00%)
[1]	Option model that the Group uses in derivative valuation includes Black-Scholes model, Hull-White model, Monte Carlo simulation, etc.

Valuation techniques and inpu_2

Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Level 2
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Carrying value		₩ 4,978,984	₩ 2,845,155
Level 2 | Borrowings
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Valuation technique	[1]	DCF	DCF
Carrying value		₩ 314,220	₩ 897,967
Significant unobservable inputs and range		Discount rate	Discount rate
Level 2 | Derivative liabilities
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Carrying value		₩ 4,664,764	₩ 1,947,188
Level 2 | Derivative liabilities | Trading purpose
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model, DCF	Option model, DCF
Carrying value		₩ 4,431,080	₩ 1,834,930
Significant unobservable inputs and range		Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc.	Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc.
Level 2 | Derivative liabilities | Hedging purpose
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model, DCF	Option model, DCF
Carrying value		₩ 233,684	₩ 112,258
Significant unobservable inputs and range		Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc.	Discount rate, foreign exchange rate, volatility, stock price, and commodity index, etc.
Level 3
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Carrying value		₩ 8,331,679	₩ 8,820,459
Level 3 | Financial liabilities designated at fair value through profit or loss
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model	Option model
Carrying value		₩ 8,141,504	₩ 8,511,489
Significant unobservable inputs and range		The volatility of the underlying asset(1.00%~127.00%) Correlations( -43.00%~92.00%)	The volatility of the underlying asset(0.00%~140.00%) Correlations(-46.00%~93%)
Level 3 | Derivative liabilities
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Carrying value		₩ 190,175	₩ 308,970
Level 3 | Derivative liabilities | Equity and foreign exchange related
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model	Option model
Carrying value		₩ 25,525	₩ 30,412
Significant unobservable inputs and range		The volatility of the underlying asset(4.30%~61.00%) Correlations(-3.00%~82.00%)	The volatility of the underlying asset(0.00%~140.00%) Correlations(0.00%~78.00%)
Level 3 | Derivative liabilities | Interest rates related
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model	Option model
Carrying value		₩ 134,759	₩ 213,170
Significant unobservable inputs and range		The volatility of the underlying asset(0.47%~40.00%) Regression coefficient(0.30%~0.63%) Correlations(20.13%~90.34%)	The volatility of the underlying asset(0.00%~55.00%) Regression coefficient(1.30%~2.77%) Correlations(45.06%~90.34%)
Level 3 | Derivative liabilities | Credit and commodity related
Valuation techniques and inputs used in measuring the fair value of financial liabilities classified as level 2 & 3 [Line Items]
Valuation technique	[1]	Option model	Option model
Carrying value		₩ 29,891	₩ 65,388
Significant unobservable inputs and range		The volatility of the underlying asset(1.00%~102.00%) Correlations(-43.00%~92.00%)	The volatility of the underlying asset(0.00%~109.00%) Correlations(-46.00%~93.00%)
[1]	Option model that the Group uses in derivative valuation includes Black-Scholes model, Hull-White model, Monte Carlo simulation, etc.

Sensitivity analysis for fair v

Sensitivity analysis for fair value measurements in Level 3 (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financial assets
Sensitivity analysis for fair value measurements in Level 3 [Line Items]
Favorable Changes - Financial Assets	₩ 103,649	₩ 105,158
Unfavorable Changes - Financial Assets	(91,123)	(67,985)
Financial liabilities
Sensitivity analysis for fair value measurements in Level 3 [Line Items]
Favorable Changes - Financial Liabilities	90,018	72,054
Unfavorable Changes - Financial Liabilities	(90,058)	(75,829)
Effects on profit or loss for the period | Financial assets
Sensitivity analysis for fair value measurements in Level 3 [Line Items]
Favorable Changes - Financial Assets	76,832	68,900
Unfavorable Changes - Financial Assets	(70,079)	(45,802)
Effects on profit or loss for the period | Financial assets at fair value through profit or loss
Sensitivity analysis for fair value measurements in Level 3 [Line Items]
Favorable Changes - Financial Assets	53,821	44,108
Unfavorable Changes - Financial Assets	(48,547)	(23,618)
Effects on profit or loss for the period | Derivative assets
Sensitivity analysis for fair value measurements in Level 3 [Line Items]
Favorable Changes - Financial Assets	23,011	24,792
Unfavorable Changes - Financial Assets	(21,532)	(22,184)
Effects on profit or loss for the period | Financial liabilities designated at fair value through profit or loss
Sensitivity analysis for fair value measurements in Level 3 [Line Items]
Favorable Changes - Financial Liabilities	72,042	55,224
Unfavorable Changes - Financial Liabilities	(71,690)	(53,294)
Effects on profit or loss for the period | Derivative liabilities
Sensitivity analysis for fair value measurements in Level 3 [Line Items]
Favorable Changes - Financial Liabilities	17,976	16,830
Unfavorable Changes - Financial Liabilities	(18,368)	(22,535)
Effects on other comprehensive income for the period | Securities at fair value through other comprehensive income
Sensitivity analysis for fair value measurements in Level 3 [Line Items]
Favorable Changes - Financial Assets	26,817	36,258
Unfavorable Changes - Financial Assets	₩ (21,044)	₩ (22,183)

Carrying value and the fair val

Carrying value and the fair value of financial instruments measured at amortized cost (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Loans at amortized cost:
Retails	₩ 146,789,916	₩ 134,423,473
Corporations	179,011,251	161,029,877
Credit card	23,759,422	24,024,491
Securities at amortized cost:
Other financial assets	20,341,191	17,477,778
Borrowings debts:
Borrowings	41,594,064	34,863,156
Debts:
Other financial liabilities	34,129,626	28,231,911
Carrying value
Assets:
Deposits at amortized cost	31,605,262	25,840,858
Loans at amortized cost:
Retails	146,843,366	134,510,282
Corporations	177,046,416	159,560,873
Public and other funding loans	4,021,926	3,427,855
Loans between banks	5,487,147	2,629,999
Credit card	22,822,664	23,115,970
Securities at amortized cost:
Government bonds	31,816,320	30,385,084
Financial institution bonds	3,835,577	4,770,204
Debentures	11,630,726	10,426,777
Other financial assets	20,341,191	17,477,778
Financial assets at amortized cost, Total	455,450,595	412,145,680
Deposit liabilities:
Demand deposits	148,725,197	116,282,707
Time deposits	157,833,891	158,427,447
Certificate of deposit	5,946,704	9,707,791
Issued bill deposit	6,226,937	4,579,587
CMA Deposits	4,006,319	3,987,372
Other	3,677,820	1,889,352
Borrowings debts:
Call-money	1,760,042	712,247
Bills sold	10,706	19,070
Bonds sold under repurchase agreements	11,065,584	9,089,736
Borrowings	28,757,732	25,042,103
Debts:
Borrowings in won	64,083,920	64,717,212
Borrowings in foreign currency	11,050,474	10,646,152
Other financial liabilities	34,129,626	28,231,911
Financial liabilities at amortized cost, Total	477,274,952	433,332,687
Fair value
Assets:
Deposits at amortized cost	31,607,122	25,852,497
Loans at amortized cost:
Retails	147,634,589	135,620,862
Corporations	178,420,230	160,818,205
Public and other funding loans	4,048,167	3,446,485
Loans between banks	5,495,236	2,644,603
Credit card	23,220,987	23,489,180
Securities at amortized cost:
Government bonds	33,391,597	32,242,339
Financial institution bonds	3,987,172	4,882,081
Debentures	12,075,175	10,878,059
Other financial assets	20,359,778	17,493,331
Financial assets at amortized cost, Total	460,240,053	417,367,642
Deposit liabilities:
Demand deposits	148,725,197	116,282,707
Time deposits	157,936,969	158,478,949
Certificate of deposit	5,965,139	9,714,806
Issued bill deposit	6,226,855	4,579,425
CMA Deposits	4,006,319	3,987,372
Other	3,678,316	1,889,700
Borrowings debts:
Call-money	1,760,042	712,247
Bills sold	10,696	19,035
Bonds sold under repurchase agreements	11,065,584	9,089,736
Borrowings	28,863,015	25,205,292
Debts:
Borrowings in won	64,842,258	65,322,413
Borrowings in foreign currency	11,262,332	10,783,027
Other financial liabilities	34,136,128	27,949,306
Financial liabilities at amortized cost, Total	478,478,850	434,014,015
Level 1
Assets:
Deposits at amortized cost	779,759	3,133,425
Loans at amortized cost:
Retails	0	0
Corporations	0	108
Public and other funding loans	0	0
Loans between banks	0	0
Credit card	0	0
Securities at amortized cost:
Government bonds	22,130,487	20,524,820
Financial institution bonds	1,070,220	2,252,484
Debentures	0	0
Other financial assets	0	526,813
Financial assets at amortized cost, Total	23,980,466	26,437,650
Deposit liabilities:
Demand deposits	0	1,053,963
Time deposits	0	0
Certificate of deposit	0	0
Issued bill deposit	0	0
CMA Deposits	0	0
Other	0	1,747,509
Borrowings debts:
Call-money	0	174,000
Bills sold	0	0
Bonds sold under repurchase agreements	95,400	6,734,162
Borrowings	0	0
Debts:
Borrowings in won	0	0
Borrowings in foreign currency	0	0
Other financial liabilities	0	526,685
Financial liabilities at amortized cost, Total	95,400	10,236,319
Level 2
Assets:
Deposits at amortized cost	29,957,444	22,149,706
Loans at amortized cost:
Retails	0	0
Corporations	0	0
Public and other funding loans	0	0
Loans between banks	2,187,270	960,827
Credit card	0	0
Securities at amortized cost:
Government bonds	11,261,110	11,717,519
Financial institution bonds	2,916,952	2,629,597
Debentures	11,994,724	10,792,000
Other financial assets	8,661,345	10,813,821
Financial assets at amortized cost, Total	66,978,845	59,063,470
Deposit liabilities:
Demand deposits	148,725,197	115,216,336
Time deposits	0	0
Certificate of deposit	0	0
Issued bill deposit	0	0
CMA Deposits	4,006,319	3,987,372
Other	3,534,696	0
Borrowings debts:
Call-money	1,760,042	538,247
Bills sold	0	0
Bonds sold under repurchase agreements	0	0
Borrowings	8,500	0
Debts:
Borrowings in won	35,740,750	43,747,553
Borrowings in foreign currency	7,944,242	7,535,065
Other financial liabilities	10,383,020	7,932,723
Financial liabilities at amortized cost, Total	212,102,766	178,957,296
Level 3
Assets:
Deposits at amortized cost	869,919	569,366
Loans at amortized cost:
Retails	147,634,589	135,620,862
Corporations	178,420,230	160,818,097
Public and other funding loans	4,048,167	3,446,485
Loans between banks	3,307,966	1,683,776
Credit card	23,220,987	23,489,180
Securities at amortized cost:
Government bonds	0	0
Financial institution bonds	0	0
Debentures	80,451	86,059
Other financial assets	11,698,433	6,152,697
Financial assets at amortized cost, Total	369,280,742	331,866,522
Deposit liabilities:
Demand deposits	0	12,408
Time deposits	157,936,969	158,478,949
Certificate of deposit	5,965,139	9,714,806
Issued bill deposit	6,226,855	4,579,425
CMA Deposits	0	0
Other	143,620	142,191
Borrowings debts:
Call-money	0	0
Bills sold	10,696	19,035
Bonds sold under repurchase agreements	10,970,184	2,355,574
Borrowings	28,854,515	25,205,292
Debts:
Borrowings in won	29,101,508	21,574,860
Borrowings in foreign currency	3,318,090	3,247,962
Other financial liabilities	23,753,108	19,489,898
Financial liabilities at amortized cost, Total	₩ 266,280,684	₩ 244,820,400

Valuation techniques and inpu_3

Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Level 2 | Financial assets
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 66,978,845	₩ 59,063,470
Level 2 | Due from banks at amortized cost
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 29,957,444	₩ 22,149,706
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 2 | Loans at amortized cost
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 2,187,270	₩ 960,827
Valuation technique	DCF	DCF
Significant inputs	Discount rate, credit spread, prepayment rate	Discount rate, credit spread, prepayment rate
Level 2 | Securities at amortized cost
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 26,172,786	₩ 25,139,116
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 2 | Others
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 8,661,345	₩ 10,813,821
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 2 | Financial liabilities
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 212,102,766	₩ 178,957,296
Level 2 | Deposits
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 156,266,212	₩ 119,203,708
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 2 | Borrowings
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 1,768,542	₩ 538,247
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 2 | Debt securities
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 43,684,992	₩ 51,282,618
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 2 | Others
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 10,383,020	₩ 7,932,723
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 3 | Financial assets
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 369,280,742	₩ 331,866,522
Level 3 | Due from banks at amortized cost
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 869,919	₩ 569,366
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 3 | Loans at amortized cost
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 356,631,939	₩ 325,058,400
Valuation technique	DCF	DCF
Significant inputs	Discount rate, credit spread, prepayment rate	Discount rate, credit spread, prepayment rate
Level 3 | Securities at amortized cost
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 80,451	₩ 86,059
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 3 | Others
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 11,698,433	₩ 6,152,697
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 3 | Financial liabilities
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 266,280,684	₩ 244,820,400
Level 3 | Deposits
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 170,272,583	₩ 172,927,779
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 3 | Borrowings
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 39,835,395	₩ 27,579,901
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate
Level 3 | Debt securities
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 32,419,598	₩ 24,822,822
Valuation technique	DCF	DCF
Significant inputs	Discount rate, regression coefficient, correlation coefficient	Discount rate, regression coefficient, correlation coefficient
Level 3 | Others
Valuation techniques and inputs used in the fair value measurements categorized within Level 2 and Level 3 for fair value disclosures, which are not recognized at fair value [Line Items]
Fair value	₩ 23,753,108	₩ 19,489,898
Valuation technique	DCF	DCF
Significant inputs	Discount rate	Discount rate

Changes in gains or losses on v

Changes in gains or losses on valuation at the transaction date (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Changes in gains or losses on valuation at the transaction date [Abstract]
Beginning balance	₩ (172,859)	₩ (126,111)
Deferral on new transactions	(347,030)	(178,223)
Recognized in profit for the year	227,290	131,475
Ending balance	₩ (292,599)	₩ (172,859)

Classification by categories of

Classification by categories of financial assets (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Classification by categories of financial assets [Line Items]
Cash and due from banks at Amortized cost	₩ 33,410,542	₩ 28,423,744
Due from banks at fair value through profit or loss	63,112	897,525
Securities at fair value through profit or loss	57,011,490	50,110,797
Derivative assets	5,633,915	2,829,274
Loans at fair value through profit or loss	2,016,801	2,154,821
Loans at amortized cost	356,221,519	323,244,979
Securities at fair value through other comprehensive income	58,316,112	59,381,053
Securities at amortized cost	47,282,623	45,582,065
Others	20,341,191	17,477,778
Financial assets, Total	580,297,305	530,102,036
Financial assets at fair value through profit or loss
Classification by categories of financial assets [Line Items]
Cash and due from banks at Amortized cost	0	0
Due from banks at fair value through profit or loss	63,112	897,525
Securities at fair value through profit or loss	57,011,490	50,110,797
Derivative assets	5,157,412	2,586,068
Loans at fair value through profit or loss	2,016,801	2,154,821
Loans at amortized cost	0	0
Securities at fair value through other comprehensive income	0	0
Securities at amortized cost	0	0
Others	0	0
Financial assets, Total	64,248,815	55,749,211
Securities at fair value through other comprehensive income
Classification by categories of financial assets [Line Items]
Cash and due from banks at Amortized cost	0	0
Due from banks at fair value through profit or loss	0	0
Securities at fair value through profit or loss	0	0
Derivative assets	0	0
Loans at fair value through profit or loss	0	0
Loans at amortized cost	0	0
Securities at fair value through other comprehensive income	58,316,112	59,381,053
Securities at amortized cost	0	0
Others	0	0
Financial assets, Total	58,316,112	59,381,053
Securities at amortized cost
Classification by categories of financial assets [Line Items]
Cash and due from banks at Amortized cost	33,410,542	28,423,744
Due from banks at fair value through profit or loss	0	0
Securities at fair value through profit or loss	0	0
Derivative assets	0	0
Loans at fair value through profit or loss	0	0
Loans at amortized cost	356,221,519	323,244,979
Securities at fair value through other comprehensive income	0	0
Securities at amortized cost	47,282,623	45,582,065
Others	20,341,191	17,477,778
Financial assets, Total	457,255,875	414,728,566
Derivative instruments held for hedging
Classification by categories of financial assets [Line Items]
Cash and due from banks at Amortized cost	0	0
Due from banks at fair value through profit or loss	0	0
Securities at fair value through profit or loss	0	0
Derivative assets	476,503	243,206
Loans at fair value through profit or loss	0	0
Loans at amortized cost	0	0
Securities at fair value through other comprehensive income	0	0
Securities at amortized cost	0	0
Others	0	0
Financial assets, Total	₩ 476,503	₩ 243,206

Classification by categories _2

Classification by categories of financial liabilities (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Classification by categories of financial liabilities [Line Items]
Deposits		₩ 326,416,868	₩ 294,874,256
Financial liabilities at fair value through profit or loss		1,436,694	1,632,457
Financial liabilities designated at fair value through profit or loss	[1]	8,455,724	9,409,456
Derivative liabilities		5,016,567	2,303,012
Borrowings		41,594,064	34,863,156
Debt securities issued		75,134,394	75,363,364
Others		34,129,626	28,231,911
Financial liabilities, Total		492,183,937	446,677,612
Financial liabilities at fair value through profit or loss
Classification by categories of financial liabilities [Line Items]
Deposits		0	0
Financial liabilities at fair value through profit or loss		1,436,694	1,632,457
Financial liabilities designated at fair value through profit or loss		0	0
Derivative liabilities		4,680,064	2,001,004
Borrowings		0	0
Debt securities issued		0	0
Others		0	0
Financial liabilities, Total		6,116,758	3,633,461
Financial liabilities designated at fair value through profit or loss
Classification by categories of financial liabilities [Line Items]
Deposits		0	0
Financial liabilities at fair value through profit or loss		0	0
Financial liabilities designated at fair value through profit or loss	[1]	8,455,724	9,409,456
Derivative liabilities		0	0
Borrowings		0	0
Debt securities issued		0	0
Others		0	0
Financial liabilities, Total		8,455,724	9,409,456
Financial liabilities measured at amortized cost
Classification by categories of financial liabilities [Line Items]
Deposits		326,416,868	294,874,256
Financial liabilities at fair value through profit or loss		0	0
Financial liabilities designated at fair value through profit or loss		0	0
Derivative liabilities		0	0
Borrowings		41,594,064	34,863,156
Debt securities issued		75,134,394	75,363,364
Others		34,129,626	28,231,911
Financial liabilities, Total		477,274,952	433,332,687
Derivative instruments held for hedging
Classification by categories of financial liabilities [Line Items]
Deposits		0	0
Financial liabilities at fair value through profit or loss		0	0
Financial liabilities designated at fair value through profit or loss		0	0
Derivative liabilities		336,503	302,008
Borrowings		0	0
Debt securities issued		0	0
Others		0	0
Financial liabilities, Total		₩ 336,503	₩ 302,008
[1]	The Group designated the financial liabilities at the initial recognition(or subsequently) in accordance with paragraph 6.7.1 of IFRS 9 as financial liabilities at fair value through profit or loss.

Transfers that do not qualify f

Transfers that do not qualify for derecognition (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Bonds sold under repurchase agreements
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	₩ 10,759,778	₩ 10,610,893
Associated financial liabilities	11,075,004	8,717,336
Securities at FVTPL
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	8,915,488	7,924,953
Securities at fair value through other comprehensive income
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	1,638,651	1,867,470
Securities at amortized cost
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	205,639	818,470
Securities loaned
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	3,533,713	4,442,163
Debt securities
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	3,434,043	4,411,921
Government
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	3,213,719	3,951,869
Financial institutions
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	220,324	460,052
Equity securities
Transfers that do not qualify for derecognition [Line Items]
Transferred financial assets	₩ 99,670	₩ 30,242

Offsetting financial assets (De

Offsetting financial assets (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Net amounts of financial assets presented:
Gross amounts of recognized financial assets	₩ 68,241,095	₩ 56,925,360
Gross amounts of recognized financial liabilities set off in the statement of financial position	32,291,342	28,328,688
Net amounts of financial assets presented in the statement of financial position	35,949,753	28,596,672
Related amounts not set off in the statement of financial position (Financial instruments)	18,958,439	21,603,782
Related amounts not set off in the statement of financial position (Cash collateral received)	314,328	263,541
Net amount	16,676,986	6,729,349
Derivatives and other financial instruments
Net amounts of financial assets presented:
Gross amounts of recognized financial assets	23,394,888	11,319,080
Gross amounts of recognized financial liabilities set off in the statement of financial position	6,502,695	1,319,365
Net amounts of financial assets presented in the statement of financial position	16,892,193	9,999,715
Related amounts not set off in the statement of financial position (Financial instruments)	4,448,496	8,090,372
Related amounts not set off in the statement of financial position (Cash collateral received)	314,328	263,541
Net amount	12,129,369	1,645,802
Bonds purchased under repurchase agreements
Net amounts of financial assets presented:
Gross amounts of recognized financial assets	13,694,305	11,828,135
Gross amounts of recognized financial liabilities set off in the statement of financial position	0	0
Net amounts of financial assets presented in the statement of financial position	13,694,305	11,828,135
Related amounts not set off in the statement of financial position (Financial instruments)	13,185,633	11,051,075
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	508,672	777,060
Securities loaned
Net amounts of financial assets presented:
Gross amounts of recognized financial assets	1,202,494	1,927,674
Gross amounts of recognized financial liabilities set off in the statement of financial position	0	0
Net amounts of financial assets presented in the statement of financial position	1,202,494	1,927,674
Related amounts not set off in the statement of financial position (Financial instruments)	1,202,494	1,927,674
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	0	0
Domestic exchange settlement debit
Net amounts of financial assets presented:
Gross amounts of recognized financial assets	29,911,693	31,814,310
Gross amounts of recognized financial liabilities set off in the statement of financial position	25,785,507	27,008,189
Net amounts of financial assets presented in the statement of financial position	4,126,186	4,806,121
Related amounts not set off in the statement of financial position (Financial instruments)	116,290	526,653
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	4,009,896	4,279,468
Receivables from disposal of securities
Net amounts of financial assets presented:
Gross amounts of recognized financial assets	29,341	25,808
Gross amounts of recognized financial liabilities set off in the statement of financial position	3,140	1,134
Net amounts of financial assets presented in the statement of financial position	26,201	24,674
Related amounts not set off in the statement of financial position (Financial instruments)	0	0
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	26,201	24,674
Insurance receivables
Net amounts of financial assets presented:
Gross amounts of recognized financial assets	8,374	10,353
Gross amounts of recognized financial liabilities set off in the statement of financial position	0	0
Net amounts of financial assets presented in the statement of financial position	8,374	10,353
Related amounts not set off in the statement of financial position (Financial instruments)	5,526	8,008
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	₩ 2,848	₩ 2,345

Offsetting financial liabilitie

Offsetting financial liabilities (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Net amounts of financial liabilities presented:
Gross amounts of recognized financial liabilities	₩ 74,071,526	₩ 59,114,509
Gross amounts of recognized financial liabilities set off in the statement of financial position	32,291,342	28,328,688
Net amounts of financial liabilities presented in the statement of financial position	41,780,184	30,785,821
Related amounts not set off in the statement of financial position (Financial instruments)	20,753,569	19,998,507
Related amounts not set off in the statement of financial position (Cash collateral received)	1,000	11,693
Net amount	21,025,615	10,775,621
Derivatives and other financial instruments
Net amounts of financial liabilities presented:
Gross amounts of recognized financial liabilities	30,494,674	20,315,089
Gross amounts of recognized financial liabilities set off in the statement of financial position	6,502,695	1,319,365
Net amounts of financial liabilities presented in the statement of financial position	23,991,979	18,995,724
Related amounts not set off in the statement of financial position (Financial instruments)	5,490,974	8,279,924
Related amounts not set off in the statement of financial position (Cash collateral received)	1,000	11,693
Net amount	18,500,005	10,704,107
Bonds sold under repurchase agreements
Net amounts of financial liabilities presented:
Gross amounts of recognized financial liabilities	11,065,584	8,717,336
Gross amounts of recognized financial liabilities set off in the statement of financial position	0	0
Net amounts of financial liabilities presented in the statement of financial position	11,065,584	8,717,336
Related amounts not set off in the statement of financial position (Financial instruments)	10,260,684	8,717,336
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	804,900	0
Securities borrowed
Net amounts of financial liabilities presented:
Gross amounts of recognized financial liabilities	897,129	1,135,614
Gross amounts of recognized financial liabilities set off in the statement of financial position	0	0
Net amounts of financial liabilities presented in the statement of financial position	897,129	1,135,614
Related amounts not set off in the statement of financial position (Financial instruments)	897,129	1,135,614
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	0	0
Domestic exchange settlement pending
Net amounts of financial liabilities presented:
Gross amounts of recognized financial liabilities	31,605,249	28,936,661
Gross amounts of recognized financial liabilities set off in the statement of financial position	25,785,507	27,008,189
Net amounts of financial liabilities presented in the statement of financial position	5,819,742	1,928,472
Related amounts not set off in the statement of financial position (Financial instruments)	4,099,248	1,857,152
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	1,720,494	71,320
Payable from purchase of securities
Net amounts of financial liabilities presented:
Gross amounts of recognized financial liabilities	3,148	1,607
Gross amounts of recognized financial liabilities set off in the statement of financial position	3,140	1,134
Net amounts of financial liabilities presented in the statement of financial position	8	473
Related amounts not set off in the statement of financial position (Financial instruments)	8	473
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	0	0
Insurance payables
Net amounts of financial liabilities presented:
Gross amounts of recognized financial liabilities	5,742	8,202
Gross amounts of recognized financial liabilities set off in the statement of financial position	0	0
Net amounts of financial liabilities presented in the statement of financial position	5,742	8,202
Related amounts not set off in the statement of financial position (Financial instruments)	5,526	8,008
Related amounts not set off in the statement of financial position (Cash collateral received)	0	0
Net amount	₩ 216	₩ 194

The capital adequacy ratio of t

The capital adequacy ratio of the Group (Details) ₩ in Millions	Dec. 31, 2020KRW (₩)	Dec. 31, 2019KRW (₩)
The capital adequacy ratio of the Group [Abstract]
Tier I common equity capital	₩ 32,461,864	₩ 28,561,568
Additional tier 1 capital	3,805,372	3,138,262
Tier I capital	36,267,236	31,699,830
Tier II capital	3,441,841	4,014,740
Total capital (A)	39,709,077	35,714,570
Total risk-weighted assets (B)	₩ 252,321,426	₩ 256,891,664
Capital adequacy ratio (A/B)	0.1574	0.1390
Tier I capital adequacy ratio	0.1437	0.1234
Common equity capital adequacy ratio	0.1287	0.1112

Investments in subsidiaries - C

Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	₩ 605,234,104	₩ 552,419,581
Total liabilities	558,877,246	510,489,200
Total equity	46,356,858	41,930,381
Shinhan Financial Group (Separate)
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	35,483,914	32,261,322
Total liabilities	10,426,817	9,795,896
Total equity	25,057,097	22,465,426
Shinhan Bank Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	427,675,103	392,723,044
Total liabilities	400,009,589	366,629,929
Total equity	27,665,514	26,093,115
Shinhan Card Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	34,885,223	32,917,910
Total liabilities	28,465,675	26,769,044
Total equity	6,419,548	6,148,866
Shinhan Investment Corp.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	46,632,433	37,375,487
Total liabilities	42,258,341	33,138,930
Total equity	4,374,092	4,236,557
Shinhan Life Insurance Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	36,777,496	34,133,649
Total liabilities	34,232,052	32,062,490
Total equity	2,545,444	2,071,159
Orange Life Insurance Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	33,813,587	32,841,359
Total liabilities	30,574,073	29,654,711
Total equity	3,239,514	3,186,648
Shinhan Capital Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	8,901,349	7,566,428
Total liabilities	7,710,010	6,612,519
Total equity	1,191,339	953,909
Jeju Bank
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	6,531,838	6,192,927
Total liabilities	6,022,397	5,695,223
Total equity	509,441	497,704
Shinhan Credit Information Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	27,806	25,292
Total liabilities	10,826	10,044
Total equity	16,980	15,248
Shinhan Alternative Investment Management Inc.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	87,053	87,694
Total liabilities	71,591	75,665
Total equity	15,462	12,029
Shinhan BNP Paribas Asset Management Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	191,127	184,203
Total liabilities	20,530	19,678
Total equity	170,597	164,525
SHC Management Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	9,644	9,639
Total liabilities	0	0
Total equity	9,644	9,639
Shinhan DS
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	95,150	89,141
Total liabilities	70,916	67,954
Total equity	24,234	21,187
Shinhan Savings Bank
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	1,842,231	1,602,902
Total liabilities	1,635,433	1,418,317
Total equity	206,798	184,585
Asia Trust Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	259,899	172,793
Total liabilities	85,274	43,933
Total equity	174,625	128,860
Shinhan AITAS Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	87,378	77,086
Total liabilities	12,159	10,962
Total equity	75,219	66,124
Shinhan REITs Management Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	52,555	45,832
Total liabilities	8,582	5,619
Total equity	43,973	40,213
Shinhan AI Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	42,903	42,402
Total liabilities	1,890	1,674
Total equity	41,013	₩ 40,728
Neoplux Co., Ltd.
Investments in subsidiaries - Condensed financial position for the controlling company and the Group's subsidiaries [Line Items]
Total assets	72,550
Total liabilities	12,697
Total equity	₩ 59,853

Investments in subsidiaries -_2

Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Net income	₩ 3,498,076	₩ 3,642,384	₩ 3,198,265
Total comprehensive income	3,324,232	4,208,294	3,249,557
Shinhan Financial Group (Separate)
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	1,718,407	1,480,030	1,519,197
Net income	1,274,443	1,129,173	1,234,883
Total comprehensive income	1,274,892	1,127,202	1,234,044
Shinhan Bank Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	25,049,392	23,145,476	19,731,711
Net income	2,078,232	2,329,268	2,279,362
Total comprehensive income	1,911,575	2,527,665	2,333,266
Shinhan Card Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	4,091,178	3,892,257	3,752,232
Net income	606,554	509,032	517,761
Total comprehensive income	599,451	486,114	477,135
Shinhan Investment Corp.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	9,290,965	6,139,926	5,279,567
Net income	154,531	220,764	251,268
Total comprehensive income	147,210	225,963	269,058
Shinhan Life Insurance Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	5,405,933	5,413,175	5,633,679
Net income	177,834	123,870	131,021
Total comprehensive income	227,596	326,783	150,997
Orange Life Insurance Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	4,456,340	4,662,085
Net income	279,282	271,455
Total comprehensive income	132,425	433,510
Shinhan Capital Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	626,455	455,246	439,031
Net income	160,583	126,050	103,400
Total comprehensive income	162,134	123,032	100,317
Jeju Bank
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	214,615	239,732	224,766
Net income	17,521	27,934	27,446
Total comprehensive income	16,557	30,519	30,579
Shinhan Credit Information Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	42,658	38,648	37,616
Net income	1,493	507	1,392
Total comprehensive income	1,650	658	985
Shinhan Alternative Investment Management Inc.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	17,219	32,401	21,590
Net income	3,433	2,144	(780)
Total comprehensive income	3,433	2,144	(780)
Shinhan BNP Paribas Asset Management Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	88,870	84,256	78,378
Net income	26,663	23,090	18,868
Total comprehensive income	26,663	22,655	18,980
SHC Management Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	70	154	140
Net income	5	82	309
Total comprehensive income	5	82	309
Shinhan DS
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	164,327	138,697	99,279
Net income	1,862	2,074	1,314
Total comprehensive income	2,845	1,292	1,525
Shinhan Savings Bank
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	123,590	116,849	94,636
Net income	26,953	23,122	19,384
Total comprehensive income	26,888	22,972	18,919
Asia Trust Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	102,816	54,920
Net income	45,791	18,098
Total comprehensive income	45,765	18,128
Shinhan AITAS Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	58,599	51,823	44,729
Net income	13,020	10,821	8,461
Total comprehensive income	12,954	10,821	8,461
Shinhan REITs Management Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	12,176	7,342	7,386
Net income	3,764	7,414	3,564
Total comprehensive income	3,764	7,411	₩ 3,552
Shinhan AI Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	10,246	3,088
Net income	304	(654)
Total comprehensive income	284	₩ (654)
Neoplux Co., Ltd.
Investments in subsidiaries - Condensed comprehensive income statement for the controlling company and the Group's subsidiaries [Line Items]
Operating income	3,500
Net income	(1,146)
Total comprehensive income	₩ (1,015)

Information of income and expen

Information of income and expense for each operating segment (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Information of income and expense for each operating segment [Line Items]
Net interest income		₩ 9,882,700	₩ 9,737,964	₩ 8,580,089
Net fees and commission income		2,382,933	2,140,519	1,938,997
Reversal of (provision for) ACL		(1,382,179)	(980,692)	(747,877)
General and administrative expenses		(5,212,473)	(5,134,674)	(4,741,575)
Other income (expense), net		(741,245)	(716,867)	(530,220)
Operating income		4,929,736	5,046,250	4,499,414
Equity method income (loss)		159,533	53,287	17,488
Income tax expense (benefit)		1,255,795	1,269,124	1,268,345
Profit for the year		3,498,076	3,642,384	3,198,265
Controlling interest	[1]	3,414,595	3,403,497	3,156,722
Non-controlling interests		83,481	238,887	41,543
Banking
Information of income and expense for each operating segment [Line Items]
Net interest income		6,037,632	5,989,462	5,707,813
Net fees and commission income		822,408	950,389	850,646
Reversal of (provision for) ACL		(690,084)	(389,004)	(250,134)
General and administrative expenses		(3,237,641)	(3,177,158)	(3,098,629)
Other income (expense), net		(130,488)	(211,882)	(163,104)
Operating income		2,801,827	3,161,807	3,046,592
Equity method income (loss)		(811)	(764)	(977)
Income tax expense (benefit)		673,972	718,650	832,494
Profit for the year		1,999,002	2,256,652	2,195,263
Controlling interest		1,998,563	2,256,576	2,194,950
Non-controlling interests		439	76	313
Banking | External customers
Information of income and expense for each operating segment [Line Items]
Net interest income		6,037,205	5,995,097	5,714,568
Net fees and commission income		859,225	974,636	872,631
Banking | Internal transactions
Information of income and expense for each operating segment [Line Items]
Net interest income		427	(5,635)	(6,755)
Net fees and commission income		(36,817)	(24,247)	(21,985)
Credit card
Information of income and expense for each operating segment [Line Items]
Net interest income		1,755,039	1,753,966	1,583,100
Net fees and commission income		483,486	403,259	433,043
Reversal of (provision for) ACL		(483,883)	(566,415)	(466,447)
General and administrative expenses		(698,796)	(745,848)	(751,580)
Other income (expense), net		(169,304)	(33,204)	74,954
Operating income		886,542	811,758	873,070
Income tax expense (benefit)		251,357	205,863	225,837
Profit for the year		703,305	609,582	629,307
Controlling interest		703,204	609,350	630,993
Non-controlling interests		101	232	(1,686)
Credit card | External customers
Information of income and expense for each operating segment [Line Items]
Net interest income		1,809,149	1,781,266	1,602,849
Net fees and commission income		531,394	436,523	464,342
Credit card | Internal transactions
Information of income and expense for each operating segment [Line Items]
Net interest income		(54,110)	(27,300)	(19,749)
Net fees and commission income		(47,908)	(33,264)	(31,299)
Securities
Information of income and expense for each operating segment [Line Items]
Net interest income		517,044	457,852	429,095
Net fees and commission income		544,183	351,303	388,944
Reversal of (provision for) ACL		(111,796)	1,325	(9,226)
General and administrative expenses		(565,485)	(511,418)	(493,906)
Other income (expense), net		(11,348)	(59,006)	17,963
Operating income		372,598	240,056	332,870
Equity method income (loss)		37,760	18,163	15,228
Income tax expense (benefit)		48,464	68,311	95,438
Profit for the year		154,531	220,764	251,268
Controlling interest		154,772	220,850	251,265
Non-controlling interests		(241)	(86)	3
Securities | External customers
Information of income and expense for each operating segment [Line Items]
Net interest income		526,167	450,268	423,156
Net fees and commission income		553,308	361,526	400,227
Securities | Internal transactions
Information of income and expense for each operating segment [Line Items]
Net interest income		(9,123)	7,584	5,939
Net fees and commission income		(9,125)	(10,223)	(11,283)
Life insurance
Information of income and expense for each operating segment [Line Items]
Net interest income		1,608,953	1,647,795	761,742
Net fees and commission income		162,284	167,324	69,780
Reversal of (provision for) ACL		(12,236)	(797)	(13,400)
General and administrative expenses		(463,439)	(443,013)	(227,740)
Other income (expense), net		(727,530)	(786,103)	(409,151)
Operating income		568,032	585,206	181,231
Equity method income (loss)		(1,244)	(1,296)	(1,026)
Income tax expense (benefit)		156,698	187,608	50,429
Profit for the year		457,116	395,325	131,021
Controlling interest		457,116	395,325	131,021
Life insurance | External customers
Information of income and expense for each operating segment [Line Items]
Net interest income		1,605,575	1,647,988	762,978
Net fees and commission income		173,865	175,171	77,145
Life insurance | Internal transactions
Information of income and expense for each operating segment [Line Items]
Net interest income		3,378	(193)	(1,236)
Net fees and commission income		(11,581)	(7,847)	(7,365)
Others
Information of income and expense for each operating segment [Line Items]
Net interest income		166,622	127,564	95,618
Net fees and commission income		368,350	272,244	198,828
Reversal of (provision for) ACL		(85,951)	(25,030)	(10,238)
General and administrative expenses		(372,591)	(335,090)	(263,046)
Other income (expense), net		260,873	129,272	80,857
Operating income		337,303	168,960	102,019
Equity method income (loss)		29,644	12,265	6,909
Income tax expense (benefit)		94,094	73,213	59,556
Profit for the year		273,575	100,259	49,168
Controlling interest		273,575	100,259	49,168
Others | External customers
Information of income and expense for each operating segment [Line Items]
Net interest income		114,290	103,161	76,538
Net fees and commission income		265,141	192,663	124,652
Others | Internal transactions
Information of income and expense for each operating segment [Line Items]
Net interest income		52,332	24,403	19,080
Net fees and commission income		103,209	79,581	74,176
Consolidation adjustment
Information of income and expense for each operating segment [Line Items]
Net interest income		(202,590)	(238,675)	2,721
Net fees and commission income		2,222	(4,000)	(2,244)
Reversal of (provision for) ACL		1,771	(771)	1,568
General and administrative expenses		125,479	77,853	93,326
Other income (expense), net		36,552	244,056	(131,739)
Operating income		(36,566)	78,463	(36,368)
Equity method income (loss)		94,184	24,919	(2,646)
Income tax expense (benefit)		31,210	15,479	4,591
Profit for the year		(89,453)	59,802	(57,762)
Controlling interest		(172,635)	(178,863)	(100,675)
Non-controlling interests		83,182	238,665	42,913
Consolidation adjustment | External customers
Information of income and expense for each operating segment [Line Items]
Net interest income		(209,686)	(239,816)	0
Net fees and commission income				0
Consolidation adjustment | Internal transactions
Information of income and expense for each operating segment [Line Items]
Net interest income		7,096	1,141	2,721
Net fees and commission income		₩ 2,222	₩ (4,000)	₩ (2,244)
[1]	The increase in reserve for credit losses, W25,608 million, due to the business combination with Orange Life insurance and Asia Trust for the year ended December 31, 2019 is excluded.

Financial information of geogra

Financial information of geographical area (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financial information of geographical area [Line Items]
Operating income		₩ 4,929,736	₩ 5,046,250	₩ 4,499,414
Non-current assets	[1]	10,085,551	10,130,652
Domestic
Financial information of geographical area [Line Items]
Operating income		4,436,252	4,378,239	4,023,916
Non-current assets	[1]	9,734,468	9,816,600
Overseas
Financial information of geographical area [Line Items]
Operating income		493,484	668,011	₩ 475,498
Non-current assets	[1]	₩ 351,083	₩ 314,052
[1]	Non-current assets comprise property and equipment, intangible assets and investment properties.

Cash and Due from Banks At Am_3

Cash and Due from Banks At Amortized Cost (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Cash and cash equivalents :
Cash	₩ 1,782,301	₩ 2,573,579
Cash equivalents	22,979	9,307
Cash and cash equivalents, total	1,805,280	2,582,886
Due from banks at amortized cost :
Deposits	5,576,206	5,616,049
Reserve deposits	16,957,521	13,840,988
Time deposits	3,672,473	3,807,849
Other	5,409,069	2,588,046
Due from banks at amortized cost, total	31,615,269	25,852,932
Allowance for credit losses	(10,007)	(12,074)
Cash and Due from banks at amortized cost, total	33,410,542	28,423,744
Denominated in Korean won
Cash and cash equivalents :
Cash	1,782,301	2,573,579
Cash equivalents	22,979	9,307
Cash and cash equivalents, total	1,805,280	2,582,886
Due from banks at amortized cost :
Reserve deposits	16,957,521	13,840,988
Time deposits	950,624	1,413,964
Other	3,953,337	1,890,541
Due from banks at amortized cost, total	21,861,482	17,145,493
Denominated in foreign currency
Due from banks at amortized cost :
Deposits	5,576,206	5,616,049
Time deposits	2,721,849	2,393,885
Other	1,455,732	697,505
Due from banks at amortized cost, total	₩ 9,753,787	₩ 8,707,439

Restricted due from banks at am

Restricted due from banks at amortized cost (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Restricted due from banks at amortized cost [Line Items]
Deposits	₩ 2,621,129	₩ 1,584,239
Reserve deposits	16,957,521	13,840,988
Other	2,390,761	1,081,698
Restricted due from banks at amortized cost, total	21,969,411	16,506,925	₩ 6,175,506
Denominated in Korean won
Restricted due from banks at amortized cost [Line Items]
Reserve deposits	16,957,521	13,840,988
Other	2,390,761	1,081,698
Restricted due from banks at amortized cost, total	19,348,282	14,922,686
Denominated in foreign currency
Restricted due from banks at amortized cost [Line Items]
Deposits	2,621,129	1,584,239
Restricted due from banks at amortized cost, total	₩ 2,621,129	₩ 1,584,239

Financial assets at fair valu_3

Financial assets at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	₩ 59,091,403	₩ 53,163,143
Debt securities
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	55,086,692	48,401,142
Government
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	4,248,448	2,873,419
Financial institutions
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	13,997,922	12,711,074
Corporation
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	9,356,842	8,541,514
Stocks with put option
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	583,590	598,858
Equity investment with put option
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	1,860,195	1,458,933
Beneficiary certificates
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	12,451,709	10,678,620
Commercial Papers
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	6,369,854	5,160,063
CMA
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	2,806,485	3,723,401
Others
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	3,411,647	2,655,260
Equity securities
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	1,736,459	1,597,940
Stocks
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	1,627,020	1,488,743
Equity investments
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	1,697	0
Others
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	107,742	109,197
Others
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	2,268,252	3,164,061
Loans at fair value
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	2,016,801	2,154,821
Due from banks at fair value
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	63,112	897,525
Gold and silver deposits
Financial assets at fair value through profit or loss [Line Items]
Financial assets at fair value through profit or loss	₩ 188,339	₩ 111,715

Financial assets to which overl

Financial assets to which overlay approach were applied in accordance with IFRS 9 'Financial Instruments' and IFRS 4 'Insurance Contracts' (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disclosure of financial assets to which overlay approach is applied [Line Items]
Financial assets to which overlay approach is applied	₩ 4,929,020	₩ 6,036,905
Due from banks at fair value through profit or loss
Disclosure of financial assets to which overlay approach is applied [Line Items]
Financial assets to which overlay approach is applied	63,112	897,525
Securities at fair value through profit or loss
Disclosure of financial assets to which overlay approach is applied [Line Items]
Financial assets to which overlay approach is applied	₩ 4,865,908	₩ 5,139,380

Reclassified amounts between pr

Reclassified amounts between profit or loss and other comprehensive income due to the overlay approach (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of information about overlay approach for associates [Line Items]
Profit or loss IFRS 9	₩ 177,688	₩ 216,492
Profit or loss IAS 39	41,438	(31,093)
Other comprehensive income Amount	136,255	247,585
Other comprehensive income Tax effect	(35,074)	(54,714)
Net gain (loss) on valuation of financial assets at fair value through profit or loss
Disclosure of information about overlay approach for associates [Line Items]
Profit or loss IFRS 9	123,808	150,865
Profit or loss IAS 39	(21,488)	(74,586)
Other comprehensive income Amount	145,301	225,451
Other comprehensive income Tax effect	(39,140)	(50,042)
Net gain (loss) on disposal of financial assets at fair value through profit or loss
Disclosure of information about overlay approach for associates [Line Items]
Profit or loss IFRS 9	53,806	65,627
Profit or loss IAS 39	62,926	43,493
Other comprehensive income Amount	(9,120)	22,134
Other comprehensive income Tax effect	4,086	₩ (4,672)
Net gain (loss) on foreign currency conversion of financial assets at fair value through profit or loss
Disclosure of information about overlay approach for associates [Line Items]
Profit or loss IFRS 9	74
Profit or loss IAS 39	0
Other comprehensive income Amount	74
Other comprehensive income Tax effect	₩ (20)

Notional amounts of derivatives

Notional amounts of derivatives (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	₩ 290,049,318	₩ 321,461,303
Trading purpose | Foreign currency related
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	154,733,001	182,014,087
Trading purpose | Foreign currency related | Over the counter
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	153,630,467	180,968,949
Trading purpose | Foreign currency related | Over the counter | Forward contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	117,566,233	137,383,704
Trading purpose | Foreign currency related | Over the counter | Swap contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	33,562,251	40,826,444
Trading purpose | Foreign currency related | Over the counter | Option contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	2,501,983	2,758,801
Trading purpose | Foreign currency related | Exchange traded | Futures contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	1,102,534	1,045,138
Trading purpose | Interest rates related
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	107,470,855	106,411,518
Trading purpose | Interest rates related | Over the counter
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	36,530,081	38,087,528
Trading purpose | Interest rates related | Over the counter | Swap contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	36,205,843	37,801,528
Trading purpose | Interest rates related | Over the counter | Option contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	324,238	286,000
Trading purpose | Interest rates related | Exchange traded
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	70,940,774	68,323,990
Trading purpose | Interest rates related | Exchange traded | Swap contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	68,475,400	65,868,540
Trading purpose | Interest rates related | Exchange traded | Futures contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	2,465,374	2,455,450
Trading purpose | Credit related | Over the counter | Swap contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	4,536,626	5,404,257
Trading purpose | Equity related
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	9,053,355	10,035,315
Trading purpose | Equity related | Over the counter
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	3,137,347	5,119,869
Trading purpose | Equity related | Over the counter | Option contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	508,686	864,038
Trading purpose | Equity related | Over the counter | Swap and forward contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	2,628,661	4,255,831
Trading purpose | Equity related | Exchange traded
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	5,916,008	4,915,446
Trading purpose | Equity related | Exchange traded | Futures contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	1,638,126	876,220
Trading purpose | Equity related | Exchange traded | Option contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	4,277,882	4,039,226
Trading purpose | Commodity related
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	800,811	1,102,862
Trading purpose | Commodity related | Over the counter
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	537,351	758,533
Trading purpose | Commodity related | Over the counter | Option contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	0	0
Trading purpose | Commodity related | Over the counter | Swap and forward contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	537,351	758,533
Trading purpose | Commodity related | Exchange traded | Futures contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	263,460	344,329
Hedging purpose
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	13,454,670	16,493,264
Hedging purpose | Foreign currency related | Forward contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	1,281,945	1,869,518
Hedging purpose | Foreign currency related | Swap contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	4,328,333	4,532,114
Hedging purpose | Interest rates related | Swap contract
Notional amounts of derivatives [Line Items]
Notional amounts of derivatives	₩ 7,844,392	₩ 10,091,632

Fair values of derivative instr

Fair values of derivative instruments (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Fair values of derivative instruments [Line Items]
Derivative assets	₩ 5,633,915	₩ 2,829,274
Derivative liabilities	5,016,567	2,303,012
Trading purpose | Foreign currency related
Fair values of derivative instruments [Line Items]
Derivative assets	4,314,281	1,843,188
Derivative liabilities	4,032,337	1,585,635
Trading purpose | Foreign currency related | Over the counter
Fair values of derivative instruments [Line Items]
Derivative assets	4,314,191	1,843,188
Derivative liabilities	4,032,151	1,585,635
Trading purpose | Foreign currency related | Over the counter | Forward contract
Fair values of derivative instruments [Line Items]
Derivative assets	3,135,319	1,360,384
Derivative liabilities	3,021,258	1,056,760
Trading purpose | Foreign currency related | Over the counter | Swap contract
Fair values of derivative instruments [Line Items]
Derivative assets	1,145,619	473,797
Derivative liabilities	979,022	519,445
Trading purpose | Foreign currency related | Over the counter | Option contract
Fair values of derivative instruments [Line Items]
Derivative assets	33,253	9,007
Derivative liabilities	31,871	9,430
Trading purpose | Foreign currency related | Exchange traded | Futures contract
Fair values of derivative instruments [Line Items]
Derivative assets	90	0
Derivative liabilities	186	0
Trading purpose | Interest rates related
Fair values of derivative instruments [Line Items]
Derivative assets	314,451	261,552
Derivative liabilities	365,936	253,944
Trading purpose | Interest rates related | Over the counter
Fair values of derivative instruments [Line Items]
Derivative assets	313,551	260,855
Derivative liabilities	365,514	253,349
Trading purpose | Interest rates related | Over the counter | Swap contract
Fair values of derivative instruments [Line Items]
Derivative assets	311,403	260,020
Derivative liabilities	363,297	247,723
Trading purpose | Interest rates related | Over the counter | Option contract
Fair values of derivative instruments [Line Items]
Derivative assets	2,148	835
Derivative liabilities	2,217	5,626
Trading purpose | Interest rates related | Exchange traded | Futures contract
Fair values of derivative instruments [Line Items]
Derivative assets	900	697
Derivative liabilities	422	595
Trading purpose | Credit related | Over the counter | Swap contract
Fair values of derivative instruments [Line Items]
Derivative assets	273,578	283,015
Derivative liabilities	29,682	38,598
Trading purpose | Equity related
Fair values of derivative instruments [Line Items]
Derivative assets	237,573	181,475
Derivative liabilities	219,230	84,982
Trading purpose | Equity related | Over the counter
Fair values of derivative instruments [Line Items]
Derivative assets	124,784	148,802
Derivative liabilities	58,058	48,824
Trading purpose | Equity related | Over the counter | Option contract
Fair values of derivative instruments [Line Items]
Derivative assets	2,750	4,526
Derivative liabilities	9,840	9,402
Trading purpose | Equity related | Over the counter | Swap and forward contract
Fair values of derivative instruments [Line Items]
Derivative assets	122,034	144,276
Derivative liabilities	48,218	39,422
Trading purpose | Equity related | Exchange traded
Fair values of derivative instruments [Line Items]
Derivative assets	112,789	32,673
Derivative liabilities	161,172	36,158
Trading purpose | Equity related | Exchange traded | Futures contract
Fair values of derivative instruments [Line Items]
Derivative assets	34,816	4,318
Derivative liabilities	7,711	6,417
Trading purpose | Equity related | Exchange traded | Option contract
Fair values of derivative instruments [Line Items]
Derivative assets	77,973	28,355
Derivative liabilities	153,461	29,741
Trading purpose | Commodity related
Fair values of derivative instruments [Line Items]
Derivative assets	17,529	16,838
Derivative liabilities	32,879	37,845
Trading purpose | Commodity related | Over the counter
Fair values of derivative instruments [Line Items]
Derivative assets	5,949	14,496
Derivative liabilities	32,693	27,745
Trading purpose | Commodity related | Over the counter | Option contract
Fair values of derivative instruments [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Trading purpose | Commodity related | Over the counter | Swap and forward contract
Fair values of derivative instruments [Line Items]
Derivative assets	5,949	14,496
Derivative liabilities	32,693	27,745
Trading purpose | Commodity related | Exchange traded | Futures contract
Fair values of derivative instruments [Line Items]
Derivative assets	11,580	2,342
Derivative liabilities	186	10,100
Hedging purpose
Fair values of derivative instruments [Line Items]
Derivative assets	476,503	243,206
Derivative liabilities	336,503	302,008
Hedging purpose | Foreign currency related | Forward contract
Fair values of derivative instruments [Line Items]
Derivative assets	91,747	14,380
Derivative liabilities	10,507	21,121
Hedging purpose | Foreign currency related | Swap contract
Fair values of derivative instruments [Line Items]
Derivative assets	65,256	74,240
Derivative liabilities	186,150	48,396
Hedging purpose | Interest rates related | Swap contract
Fair values of derivative instruments [Line Items]
Derivative assets	319,500	154,586
Derivative liabilities	₩ 139,846	₩ 232,491

Gain or loss on valuation of de

Gain or loss on valuation of derivatives (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	₩ 366,381	₩ 721,658	₩ (212,987)
Trading purpose | Foreign currency related
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	106,101	153,569	15,002
Trading purpose | Foreign currency related | Over the counter
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	106,197	153,569	14,991
Trading purpose | Foreign currency related | Over the counter | Forward contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(108,854)	174,340	41,188
Trading purpose | Foreign currency related | Over the counter | Swap contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	210,072	(24,827)	(34,444)
Trading purpose | Foreign currency related | Over the counter | Option contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	4,979	4,056	8,247
Trading purpose | Foreign currency related | Exchange traded | Futures contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(96)	0	11
Trading purpose | Interest rates related
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(70,062)	(76,279)	82,704
Trading purpose | Interest rates related | Over the counter
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(74,298)	(77,287)	85,216
Trading purpose | Interest rates related | Over the counter | Swap contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(73,926)	(75,349)	86,675
Trading purpose | Interest rates related | Over the counter | Option contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(372)	(1,938)	(1,459)
Trading purpose | Interest rates related | Exchange traded | Futures contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	4,236	1,008	(2,512)
Trading purpose | Credit related | Over the counter | Swap contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	7,255	213,754	(18,396)
Trading purpose | Equity related
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	204,532	102,375	(296,135)
Trading purpose | Equity related | Over the counter
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(18,061)	45,929	(267,131)
Trading purpose | Equity related | Over the counter | Option contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(2,082)	(841)	4,326
Trading purpose | Equity related | Over the counter | Swap and forward contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(15,979)	46,770	(271,457)
Trading purpose | Equity related | Exchange traded
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	222,593	56,446	(29,004)
Trading purpose | Equity related | Exchange traded | Futures contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	26,305	(2,275)	15,159
Trading purpose | Equity related | Exchange traded | Option contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	196,288	58,721	(44,163)
Trading purpose | Commodity related
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(2,145)	(4,539)	(75,054)
Trading purpose | Commodity related | Over the counter
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(13,519)	3,220	(79,263)
Trading purpose | Commodity related | Over the counter | Option contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	0	29	33
Trading purpose | Commodity related | Over the counter | Swap and forward contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	(13,519)	3,191	(79,296)
Trading purpose | Commodity related | Exchange traded | Futures contract
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	11,374	(7,759)	4,209
Hedging purpose
Gain or loss on valuation of derivatives [Line Items]
Gain or loss on valuation of derivatives	₩ 120,700	₩ 332,778	₩ 78,892

Gain or loss on fair value hedg

Gain or loss on fair value hedges (Details) - Cash Flow Hedges - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Gain or loss on fair value hedges [Line Items]
Gains (losses) on fair value hedges (hedged items)		₩ (249,602)	₩ (357,062)
Gains (losses) on fair value hedges (hedging instruments)		245,079	358,335
Hedge ineffectiveness recognized in profit or loss	[1]	(4,523)	1,273
Interest rate risk
Gain or loss on fair value hedges [Line Items]
Gains (losses) on fair value hedges (hedged items)		(228,266)	(370,787)
Gains (losses) on fair value hedges (hedging instruments)		233,008	377,121
Hedge ineffectiveness recognized in profit or loss	[1]	4,742	6,334
Foreign exchange risk
Gain or loss on fair value hedges [Line Items]
Gains (losses) on fair value hedges (hedged items)		(21,336)	13,725
Gains (losses) on fair value hedges (hedging instruments)		12,071	(18,786)
Hedge ineffectiveness recognized in profit or loss	[1]	₩ (9,265)	₩ (5,061)
[1]	Ineffective portion of hedge: The difference between hedging instruments and hedged items.

Due to the ineffectiveness of h

Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year [Line Items]
Gains (losses) on hedges recognized in other comprehensive income		₩ 24,091	₩ (15,643)
Hedge ineffectiveness recognized in profit or loss	[1]	(9,016)	(28,036)
From cash flow hedge reserve to profit or loss Reclassified amount		26,450	(49,884)
Cash Flow Hedges | Foreign exchange risk
Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year [Line Items]
Gains (losses) on hedges recognized in other comprehensive income		(16,693)	52,932
Hedge ineffectiveness recognized in profit or loss	[1]	(6,539)	(25,709)
From cash flow hedge reserve to profit or loss Reclassified amount		26,405	(57,870)
Cash Flow Hedges | Interest rate risk
Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year [Line Items]
Gains (losses) on hedges recognized in other comprehensive income		(3,220)	(11,126)
Hedge ineffectiveness recognized in profit or loss	[1]	(343)	0
From cash flow hedge reserve to profit or loss Reclassified amount		0	0
Cash Flow Hedges | Discontinuation of cash flow hedges
Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year [Line Items]
Gains (losses) on hedges recognized in other comprehensive income		(45)	(7,986)
Hedge ineffectiveness recognized in profit or loss	[1]	0	0
From cash flow hedge reserve to profit or loss Reclassified amount		45	7,986
Hedges of net investment in foreign operations | Foreign exchange risk
Due to the ineffectiveness of hedge of cash flow risk and hedge of net investment in foreign operations during the year [Line Items]
Gains (losses) on hedges recognized in other comprehensive income		44,049	(49,463)
Hedge ineffectiveness recognized in profit or loss	[1]	(2,134)	(2,327)
From cash flow hedge reserve to profit or loss Reclassified amount		₩ 0	₩ 0
[1]	Ineffective portion of hedge: The difference between hedging instruments and hedged items.

Nominal values and average hedg

Nominal values and average hedge ratio for derivatives (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Interest rate risk
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	7,844,392	10,091,632
Average hedge ratio	100.00%	100.00%
Average price condition	0.67%
Interest rate risk | Not later than 1 year
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	657,656	750,469
Average hedge ratio	100.00%	100.00%
Average price condition	1.12%
Interest rate risk | 1~2 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	640,992	704,985
Average hedge ratio	100.00%	100.00%
Average price condition	0.88%
Interest rate risk | 2~3 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	1,217,588	717,948
Average hedge ratio	100.00%	100.00%
Average price condition	1.30%
Interest rate risk | 3~4 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	456,688	1,228,424
Average hedge ratio	100.00%	100.00%
Average price condition	0.98%
Interest rate risk | 4~5 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	247,244	575,481
Average hedge ratio	100.00%	100.00%
Average price condition	0.67%
Interest rate risk | More than 5 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	4,624,224	6,114,325
Average hedge ratio	100.00%	100.00%
Average price condition	0.38%
Exchange risk
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	6,806,529	7,584,467
Average hedge ratio	100.00%	100.00%
Exchange risk | Not later than 1 year
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	2,340,409	3,651,118
Average hedge ratio	100.00%	100.00%
Exchange risk | 1~2 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	1,448,787	1,075,886
Average hedge ratio	100.00%	100.00%
Exchange risk | 2~3 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	1,734,593	1,269,520
Average hedge ratio	100.00%	100.00%
Exchange risk | 3~4 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	457,199	968,770
Average hedge ratio	100.00%	100.00%
Exchange risk | 4~5 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	575,527	84,275
Average hedge ratio	100.00%	100.00%
Exchange risk | More than 5 years
Nominal amounts and average hedge ratios for hedging instruments [Line Items]
Nominal values	250,014	534,898
Average hedge ratio	100.00%	100.00%

Effect of derivatives on statem

Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity (Details) ₩ in Millions	12 Months Ended
	Dec. 31, 2020KRW (₩)	Dec. 31, 2019KRW (₩)
Fair value hedges | Currency swap
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Nominal values	0	0
Carrying value of assets	₩ 0	₩ 0
Carrying value of liabilities	67	248
Changes in fair value in the period	₩ 985	₩ (1,813)
Fair value hedges | Interest rate swap
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Nominal values	6,965,492	9,371,632
Carrying value of assets	₩ 319,294	₩ 154,586
Carrying value of liabilities	120,728	210,079
Changes in fair value in the period	₩ 181,151	₩ 314,766
Fair value hedges | Currency forward
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Nominal values	254,023	261,486
Carrying value of assets	₩ 20,093	₩ 776
Carrying value of liabilities	66	1,358
Changes in fair value in the period	₩ 24,481	₩ (582)
Reserve of cash flow hedges [Member] | Currency swap
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Nominal values	4,328,333	4,532,114
Carrying value of assets	₩ 65,256	₩ 74,240
Carrying value of liabilities	186,083	48,148
Changes in fair value in the period	₩ (8,560)	₩ (29,829)
Reserve of cash flow hedges [Member] | Interest rate swap
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Nominal values	878,900	720,000
Carrying value of assets	₩ 206	₩ 0
Carrying value of liabilities	19,118	22,412
Changes in fair value in the period	₩ 3,303	₩ (11,126)
Reserve of cash flow hedges [Member] | Currency forward
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Nominal values	810,322	1,376,472
Carrying value of assets	₩ 60,473	₩ 11,854
Carrying value of liabilities	0	19,763
Changes in fair value in the period	₩ (4,181)	₩ (4,426)
Hedges of net investment in foreign operations | Currency forward
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Nominal values	217,600	231,560
Carrying value of assets	₩ 11,181	₩ 1,750
Carrying value of liabilities	10,441	0
Changes in fair value in the period	₩ (2,991)	₩ (4,036)
Hedges of net investment in foreign operations | Borrowings
Effect of derivatives on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Nominal values	1,196,252	1,182,835
Carrying value of assets	₩ 0	₩ 0
Carrying value of liabilities	1,193,269	1,177,897
Changes in fair value in the period	₩ 44,907	₩ (47,755)

Effect of hedging items on stat

Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair value hedges | Interest rate risk
Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Carrying value of assets	₩ 143,496	₩ 432,172
Carrying value of liabilities	6,750,929	8,859,022
Assets of Cumulative fair value hedge adjustment	6,563	4,846
Liabilities of Cumulative fair value hedge adjustment	193,452	(56,292)
Changes if fair value in the period	(175,369)	(308,463)
Cash flow hedge reserve	0	0
Foreign currency conversion reserves	0	0
Fair value hedges | Foreign exchange risk
Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Carrying value of assets	342,205	306,638
Carrying value of liabilities	0	0
Assets of Cumulative fair value hedge adjustment	0	0
Liabilities of Cumulative fair value hedge adjustment	0	0
Changes if fair value in the period	(26,927)	1,671
Cash flow hedge reserve	0	0
Foreign currency conversion reserves	0	0
Cash Flow Hedges | Interest rate risk
Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Carrying value of assets	617,463	645,723
Carrying value of liabilities	1,674,460	1,740,000
Assets of Cumulative fair value hedge adjustment	0	0
Liabilities of Cumulative fair value hedge adjustment	0	0
Changes if fair value in the period	2,296	(11,126)
Cash flow hedge reserve	60,659	80,674
Foreign currency conversion reserves	0	0
Cash Flow Hedges | Foreign exchange risk
Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Carrying value of assets	3,264,740	4,116,068
Carrying value of liabilities	2,962,041	3,035,423
Assets of Cumulative fair value hedge adjustment	0	0
Liabilities of Cumulative fair value hedge adjustment	0	0
Changes if fair value in the period	(58,557)	115,867
Cash flow hedge reserve	(32,001)	(11,188)
Foreign currency conversion reserves	0	0
Hedges of net investment in foreign operations | Foreign exchange risk
Effect of hedging items on statement financial position, statement of comprehensive income, statement of changes in equity [Line Items]
Carrying value of assets	0	0
Carrying value of liabilities	0	0
Assets of Cumulative fair value hedge adjustment	0	0
Liabilities of Cumulative fair value hedge adjustment	0	0
Changes if fair value in the period	44,049	(49,463)
Cash flow hedge reserve	0	0
Foreign currency conversion reserves	₩ (141,151)	₩ (88,953)

Hedge relationships affected by

Hedge relationships affected by an interest rate index (Details) ₩ in Millions	Dec. 31, 2020KRW (₩)
KRW 3M CD
Hedge relationships affected by an interest rate index [Line Items]
Carrying amount of hedged item, Assets	₩ 0
Carrying amount of hedged item, Liabilities	₩ 3,329,530
Nominal amount of hedging instrument	3,440,000	[1]
USD 1M LIBOR
Hedge relationships affected by an interest rate index [Line Items]
Carrying amount of hedged item, Assets	₩ 0
Carrying amount of hedged item, Liabilities	₩ 1,537,051
Nominal amount of hedging instrument	1,540,608	[1]
USD 3M LIBOR
Hedge relationships affected by an interest rate index [Line Items]
Carrying amount of hedged item, Assets	₩ 357,072
Carrying amount of hedged item, Liabilities	₩ 3,438,080
Nominal amount of hedging instrument	3,790,651	[1]
EUR 1M LIBOR
Hedge relationships affected by an interest rate index [Line Items]
Carrying amount of hedged item, Assets	₩ 0
Carrying amount of hedged item, Liabilities	₩ 264,074
Nominal amount of hedging instrument	264,450	[1]
EUR 3M LIBOR
Hedge relationships affected by an interest rate index [Line Items]
Carrying amount of hedged item, Assets	₩ 0
Carrying amount of hedged item, Liabilities	₩ 267,648
Nominal amount of hedging instrument	267,648	[1]
[1]	Include the nominal amount that will mature after the end of 2021.

Securities at fair value thro_3

Securities at fair value through other comprehensive income and securities at amortized cost (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	₩ 58,316,112	₩ 59,381,053
Securities at amortized cost	47,282,623	45,582,065
Debt securities
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	57,409,433	58,573,094
Securities at amortized cost	47,282,623	45,582,065
Government
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	19,370,393	17,597,910
Securities at amortized cost	31,816,320	30,385,084
Financial institutions
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	20,053,716	21,527,242
Securities at amortized cost	3,835,577	4,770,204
Corporate bonds and others
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	17,985,324	19,447,942
Securities at amortized cost	11,630,726	10,426,777
Equity securities
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	906,679	807,959
Stocks
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	777,901	728,311
Equity investments
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	4,445	5,356
Others
Securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Securities at fair value through other comprehensive income	₩ 124,333	₩ 74,292

Changes in carrying value of se

Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Securities at fair value through other comprehensive income
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Beginning balance	₩ 58,573,094	₩ 37,677,645
Transfer to 12 months expected credit loss	0	0
Transfer to other type of measurement, carrying value	0	0
Purchase	52,657,353	46,908,632
Disposal	(34,990,991)	(16,119,228)
Repayment	(17,611,000)	(21,129,182)
Others	(1,219,023)	282,435
Business combination	0	10,952,792
Ending balance	57,409,433	58,573,094
Securities at fair value through other comprehensive income | 12-month expected credit losses
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Beginning balance	58,334,000	37,571,814
Transfer to 12 months expected credit loss	30,233	34,555
Transfer to other type of measurement, carrying value	(83,132)	(64,928)
Purchase	52,637,678	46,847,222
Disposal	(34,969,744)	(16,109,006)
Repayment	(17,610,988)	(21,129,182)
Others	(1,195,749)	230,733
Business combination	0	10,952,792
Ending balance	57,142,298	58,334,000
Securities at fair value through other comprehensive income | Lifetime expected credit losses
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Beginning balance	239,094	105,831
Transfer to 12 months expected credit loss	(30,233)	(34,555)
Transfer to other type of measurement, carrying value	83,132	64,928
Purchase	19,675	61,410
Disposal	(21,247)	(10,222)
Repayment	(12)	0
Others	(23,274)	51,702
Business combination	0	0
Ending balance	267,135	239,094
Securities at amortized cost
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Beginning balance	45,591,835	28,487,396
Transfer to 12 months expected credit loss	0	0
Transfer to other type of measurement, carrying value	0	0
Purchase	7,645,000	12,209,898
Disposal	0	0
Repayment	(5,923,583)	(6,722,560)
Others	(20,143)	343,102
Business combination	0	11,273,999
Ending balance	47,293,109	45,591,835
Securities at amortized cost | 12-month expected credit losses
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Beginning balance	45,568,563	28,464,921
Transfer to 12 months expected credit loss	0	20,198
Transfer to other type of measurement, carrying value	0	0
Purchase	7,645,000	12,209,898
Disposal	0	0
Repayment	(5,900,311)	(6,722,560)
Others	(20,143)	322,107
Business combination	0	11,273,999
Ending balance	47,293,109	45,568,563
Securities at amortized cost | Lifetime expected credit losses
Changes in carrying value of securities at fair value through other comprehensive income and securities at amortized cost [Line Items]
Beginning balance	23,272	22,475
Transfer to 12 months expected credit loss	0	(20,198)
Transfer to other type of measurement, carrying value	0	0
Purchase	0	0
Disposal	0	0
Repayment	(23,272)	0
Others	0	20,995
Business combination	0	0
Ending balance	₩ 0	₩ 23,272

Changes in allowance for credit

Changes in allowance for credit loss of securities at fair value through other comprehensive income and securities at amortized cost (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financial assets at fair value through other comprehensive income
Changes in the allowance for credit losses [Line Items]
Beginning balance	₩ 28,236	₩ 26,084
Transfer to 12 months expected credit loss	0	0
Transfer to other type of measurement, allowance	0	0
Provision (reversal)	3,829	5,787
Disposal	(9,506)	(5,598)
Others	612	1,963
Ending balance	23,171	28,236
Financial assets at fair value through other comprehensive income | 12-month expected credit losses
Changes in the allowance for credit losses [Line Items]
Beginning balance	27,581	25,722
Transfer to 12 months expected credit loss	22	33
Transfer to other type of measurement, allowance	(193)	(60)
Provision (reversal)	3,480	8,403
Disposal	(9,019)	(5,340)
Others	622	(1,177)
Ending balance	22,493	27,581
Financial assets at fair value through other comprehensive income | Lifetime expected credit losses
Changes in the allowance for credit losses [Line Items]
Beginning balance	655	362
Transfer to 12 months expected credit loss	(22)	(33)
Transfer to other type of measurement, allowance	193	60
Provision (reversal)	349	(2,616)
Disposal	(487)	(258)
Others	(10)	3,140
Ending balance	678	655
Securities at amortized cost
Changes in the allowance for credit losses [Line Items]
Beginning balance	9,770	9,260
Transfer to 12 months expected credit loss	0	0
Transfer to other type of measurement, allowance	0	0
Provision (reversal)	1,075	543
Disposal	0	0
Others	(359)	(33)
Ending balance	10,486	9,770
Securities at amortized cost | 12-month expected credit losses
Changes in the allowance for credit losses [Line Items]
Beginning balance	9,759	9,243
Transfer to 12 months expected credit loss	0	4,301
Transfer to other type of measurement, allowance	0	0
Provision (reversal)	1,086	(3,752)
Disposal	0	0
Others	(359)	(33)
Ending balance	10,486	9,759
Securities at amortized cost | Lifetime expected credit losses
Changes in the allowance for credit losses [Line Items]
Beginning balance	11	17
Transfer to 12 months expected credit loss	0	(4,301)
Transfer to other type of measurement, allowance	0	0
Provision (reversal)	(11)	4,295
Disposal	0	0
Others	0	0
Ending balance	₩ 0	₩ 11

Gain or loss on disposal of sec

Gain or loss on disposal of securities at fair value through other comprehensive income and securities at amortized cost (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Gain or loss on disposal of financial assets at fair value through other comprehensive income and securities at amortized cost [Abstract]
Gain on disposal of financial assets at fair value through other comprehensive income		₩ 301,920	₩ 159,883
Loss on disposal of financial assets at fair value through other comprehensive income		(28,127)	(7,605)
Gain on disposal of securities at amortized cost	[1]	42	86
Loss on disposal of securities at amortized cost	[1]	(67)	(20)
Total		₩ 273,768	₩ 152,344
[1]	The issuers of those securities have exercised the early redemption options and the others.

Income or loss on equity securi

Income or loss on equity securities at fair value through other comprehensive income (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income or loss on equity securities at fair value through other comprehensive income [Abstract]
Fair value at the date of disposal	₩ 69,969	₩ 45,074
Cumulative net profit at the time of disposal	₩ (38,380)	₩ (10,843)

Loans at amortized cost (Detail

Loans at amortized cost (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans at amortized cost [Abstract]
Household loans	₩ 146,789,916	₩ 134,423,473
Corporate loans	179,011,251	161,029,877
Public and other loans	3,734,629	3,311,735
Loans to banks	5,492,400	2,633,532
Card receivables	23,759,422	24,024,491
Loans at amortized cost, Gross, Total	358,787,618	325,423,108
Discount	(21,948)	(27,824)
Deferred loan origination costs and fees	516,815	534,530	₩ 497,368
Loans at amortized cost before Allowance for credit losses, Total	359,282,485	325,929,814
Allowance for credit losses	(3,060,966)	(2,684,835)
Loans at amortized cost, Net, Total	₩ 356,221,519	₩ 323,244,979

Changes in loans at amortized c

Changes in loans at amortized cost and other assets (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Loans at amortized cost net category
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		₩ 325,929,814	₩ 302,334,540
Transfer (from) to 12 month expected credit losses		0	0
Transfer (from) to lifetime expected credit losses		0	0
Transfer (from) to credit- impaired financial assets		0	0
Net increase and decrease	[1]	35,900,369	22,073,098
Charge off		(1,146,776)	(858,722)
Disposal		(1,400,922)	(537,150)
Business combination (Note 47)		0	2,918,048
Ending balance		359,282,485	325,929,814
Loans at amortized cost net category | Retail | 12-month expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		126,586,551	114,279,870
Transfer (from) to 12 month expected credit losses		2,891,847	2,619,036
Transfer (from) to lifetime expected credit losses		(3,916,612)	(5,385,659)
Transfer (from) to credit- impaired financial assets		(189,681)	(627,950)
Net increase and decrease	[1]	13,457,675	13,234,263
Charge off		0	0
Disposal		(313,150)	0
Business combination (Note 47)		0	2,466,991
Ending balance		138,516,630	126,586,551
Loans at amortized cost net category | Retail | Lifetime expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		7,870,908	6,820,058
Transfer (from) to 12 month expected credit losses		(2,885,809)	(2,614,416)
Transfer (from) to lifetime expected credit losses		3,944,714	5,406,091
Transfer (from) to credit- impaired financial assets		(157,637)	(43,168)
Net increase and decrease	[1]	(556,142)	(1,700,287)
Charge off		0	0
Disposal		(897)	(5,122)
Business combination (Note 47)		0	7,752
Ending balance		8,215,137	7,870,908
Loans at amortized cost net category | Retail | Financial instruments credit-impaired
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		415,892	348,722
Transfer (from) to 12 month expected credit losses		(6,038)	(4,620)
Transfer (from) to lifetime expected credit losses		(28,102)	(20,432)
Transfer (from) to credit- impaired financial assets		347,318	671,118
Net increase and decrease	[1]	81,131	(222,961)
Charge off		(254,723)	(257,742)
Disposal		(89,051)	(108,624)
Business combination (Note 47)		0	10,431
Ending balance		466,427	415,892
Loans at amortized cost net category | Corporations | 12-month expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		135,591,673	129,468,766
Transfer (from) to 12 month expected credit losses		6,009,242	4,093,725
Transfer (from) to lifetime expected credit losses		(9,015,428)	(16,484,206)
Transfer (from) to credit- impaired financial assets		(195,863)	(1,088,270)
Net increase and decrease	[1]	20,679,401	19,326,283
Charge off		0	0
Disposal		(731,001)	(117,453)
Business combination (Note 47)		0	392,828
Ending balance		152,338,024	135,591,673
Loans at amortized cost net category | Corporations | Lifetime expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		24,661,662	21,782,590
Transfer (from) to 12 month expected credit losses		(6,006,226)	(4,088,373)
Transfer (from) to lifetime expected credit losses		9,027,416	16,597,346
Transfer (from) to credit- impaired financial assets		(441,969)	(76,177)
Net increase and decrease	[1]	(1,030,466)	(9,567,098)
Charge off		0	0
Disposal		0	(3,806)
Business combination (Note 47)		0	17,180
Ending balance		26,210,417	24,661,662
Loans at amortized cost net category | Corporations | Financial instruments credit-impaired
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		1,001,587	919,381
Transfer (from) to 12 month expected credit losses		(3,016)	(5,352)
Transfer (from) to lifetime expected credit losses		(11,988)	(113,140)
Transfer (from) to credit- impaired financial assets		637,832	1,164,447
Net increase and decrease	[1]	15,944	(443,468)
Charge off		(317,514)	(259,400)
Disposal		(264,913)	(283,747)
Business combination (Note 47)		0	22,866
Ending balance		1,057,932	1,001,587
Loans at amortized cost net category | Credit card | 12-month expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		19,419,606	18,155,156
Transfer (from) to 12 month expected credit losses		351,253	320,288
Transfer (from) to lifetime expected credit losses		(571,971)	(603,069)
Transfer (from) to credit- impaired financial assets		(114,388)	(36,483)
Net increase and decrease	[1]	(115,242)	1,583,714
Charge off		0	0
Disposal		0	0
Business combination (Note 47)		0	0
Ending balance		18,969,258	19,419,606
Loans at amortized cost net category | Credit card | Lifetime expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		4,124,576	3,830,509
Transfer (from) to 12 month expected credit losses		(350,651)	(320,129)
Transfer (from) to lifetime expected credit losses		572,291	603,280
Transfer (from) to credit- impaired financial assets		(191,777)	(22,473)
Net increase and decrease	[1]	(202,750)	33,389
Charge off		0	0
Disposal		0	0
Business combination (Note 47)		0	0
Ending balance		3,951,689	4,124,576
Loans at amortized cost net category | Credit card | Financial instruments credit-impaired
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		444,235	413,175
Transfer (from) to 12 month expected credit losses		(602)	(159)
Transfer (from) to lifetime expected credit losses		(320)	(211)
Transfer (from) to credit- impaired financial assets		306,165	58,956
Net increase and decrease	[1]	290,907	305,336
Charge off		(572,008)	(332,862)
Disposal		0	0
Business combination (Note 47)		0	0
Ending balance		468,377	444,235
Loans at amortized cost net category | Others | 12-month expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		5,167,393	5,695,187
Transfer (from) to 12 month expected credit losses		15,976	37,430
Transfer (from) to lifetime expected credit losses		(85,337)	(210,161)
Transfer (from) to credit- impaired financial assets		(3,964)	(39,844)
Net increase and decrease	[1]	3,311,105	(315,219)
Charge off		0	0
Disposal		0	0
Business combination (Note 47)		0	0
Ending balance		8,405,173	5,167,393
Loans at amortized cost net category | Others | Lifetime expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		629,468	605,440
Transfer (from) to 12 month expected credit losses		(15,976)	(37,430)
Transfer (from) to lifetime expected credit losses		85,337	210,333
Transfer (from) to credit- impaired financial assets		(37)	0
Net increase and decrease	[1]	(33,596)	(148,875)
Charge off		0	0
Disposal		0	0
Business combination (Note 47)		0	0
Ending balance		665,196	629,468
Loans at amortized cost net category | Others | Financial instruments credit-impaired
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		16,263	15,686
Transfer (from) to 12 month expected credit losses		0	0
Transfer (from) to lifetime expected credit losses		0	(172)
Transfer (from) to credit- impaired financial assets		4,001	39,844
Net increase and decrease	[1]	2,402	(11,979)
Charge off		(2,531)	(8,718)
Disposal		(1,910)	(18,398)
Business combination (Note 47)		0	0
Ending balance		18,225	16,263
Others
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		43,397,484	31,640,158
Transfer (from) to 12 month expected credit losses		0	0
Transfer (from) to lifetime expected credit losses		0	0
Transfer (from) to credit- impaired financial assets		0	0
Net increase and decrease	[1]	8,653,613	10,541,520
Charge off		(26,814)	(29,456)
Disposal		(910)	(183,277)
Business combination (Note 47)		15,982	1,428,539
Ending balance		52,039,355	43,397,484
Others | 12-month expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		43,245,002	31,508,694
Transfer (from) to 12 month expected credit losses		15,157	12,685
Transfer (from) to lifetime expected credit losses		(25,839)	(253,546)
Transfer (from) to credit- impaired financial assets		(1,628)	(3,124)
Net increase and decrease	[1]	8,633,124	10,746,289
Charge off		0	0
Disposal		0	(182,212)
Business combination (Note 47)		15,982	1,416,216
Ending balance		51,881,798	43,245,002
Others | Lifetime expected credit losses
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		106,517	99,461
Transfer (from) to 12 month expected credit losses		(15,123)	(12,675)
Transfer (from) to lifetime expected credit losses		25,848	253,575
Transfer (from) to credit- impaired financial assets		(7,342)	(5,324)
Net increase and decrease	[1]	(10,001)	(230,014)
Charge off		0	0
Disposal		0	(3)
Business combination (Note 47)		0	1,497
Ending balance		99,899	106,517
Others | Financial instruments credit-impaired
Changes in loans at amortized cost and other assets [Line Items]
Beginning balance		45,965	32,003
Transfer (from) to 12 month expected credit losses		(34)	(10)
Transfer (from) to lifetime expected credit losses		(9)	(29)
Transfer (from) to credit- impaired financial assets		8,970	8,448
Net increase and decrease	[1]	30,490	25,245
Charge off		(26,814)	(29,456)
Disposal		(910)	(1,062)
Business combination (Note 47)		0	10,826
Ending balance		₩ 57,658	₩ 45,965
[1]	The amount is due to execution, collection, debt restructuring, investment conversion, exchange rate fluctuation, etc.

Changes in allowances for credi

Changes in allowances for credit loss of loans at amortized cost and other assets (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Loans at amortized cost net category
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	₩ 2,684,835	₩ 2,725,068
Transfer (from) to 12 month expected credit losses	0	0
Transfer (from) to lifetime expected credit losses	0	0
Transfer (from) to credit- impaired financial assets	0	0
Provided (reversed)	1,290,695	910,898
Charge off	(1,146,776)	(858,722)
Amortization of discount	(28,588)	(25,211)
Disposal	(44,337)	(53,309)
Collection	350,009	325,906
Others	(44,872)	(383,597)
Business combination (Note 47)	0	43,802
Ending balance	3,060,966	2,684,835
Loans at amortized cost net category | Retail | 12-month expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	133,412	115,295
Transfer (from) to 12 month expected credit losses	20,082	18,079
Transfer (from) to lifetime expected credit losses	(9,077)	(9,411)
Transfer (from) to credit- impaired financial assets	(3,247)	(942)
Provided (reversed)	5,253	(7,751)
Charge off	0	0
Amortization of discount	0	0
Disposal	(343)	0
Collection	0	0
Others	2,954	2,484
Business combination (Note 47)	0	15,658
Ending balance	149,034	133,412
Loans at amortized cost net category | Retail | Lifetime expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	91,025	88,360
Transfer (from) to 12 month expected credit losses	(19,487)	(17,592)
Transfer (from) to lifetime expected credit losses	18,772	17,342
Transfer (from) to credit- impaired financial assets	(9,010)	(3,739)
Provided (reversed)	(5,319)	19,130
Charge off	0	0
Amortization of discount	0	0
Disposal	(8)	(241)
Collection	0	0
Others	10,075	(15,353)
Business combination (Note 47)	0	3,118
Ending balance	86,048	91,025
Loans at amortized cost net category | Retail | Financial instruments credit-impaired
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	169,038	156,459
Transfer (from) to 12 month expected credit losses	(595)	(487)
Transfer (from) to lifetime expected credit losses	(9,695)	(7,931)
Transfer (from) to credit- impaired financial assets	12,257	4,681
Provided (reversed)	199,765	214,260
Charge off	(254,723)	(257,742)
Amortization of discount	(5,630)	(274)
Disposal	(18,605)	(21,561)
Collection	85,819	70,319
Others	20,809	4,522
Business combination (Note 47)	0	6,792
Ending balance	198,440	169,038
Loans at amortized cost net category | Corporations | 12-month expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	419,752	434,793
Transfer (from) to 12 month expected credit losses	67,590	50,720
Transfer (from) to lifetime expected credit losses	(49,727)	(35,790)
Transfer (from) to credit- impaired financial assets	(1,590)	(565)
Provided (reversed)	149,400	(43,230)
Charge off	0	0
Amortization of discount	0	0
Disposal	(726)	(6)
Collection	0	0
Others	(16,085)	13,810
Business combination (Note 47)	0	20
Ending balance	568,614	419,752
Loans at amortized cost net category | Corporations | Lifetime expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	531,286	581,915
Transfer (from) to 12 month expected credit losses	(66,777)	(48,295)
Transfer (from) to lifetime expected credit losses	55,512	118,605
Transfer (from) to credit- impaired financial assets	(52,383)	(13,332)
Provided (reversed)	211,341	(31,265)
Charge off	0	0
Amortization of discount	0	0
Disposal	0	(245)
Collection	0	0
Others	(13,896)	(76,711)
Business combination (Note 47)	0	614
Ending balance	665,083	531,286
Loans at amortized cost net category | Corporations | Financial instruments credit-impaired
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	469,207	519,683
Transfer (from) to 12 month expected credit losses	(813)	(2,425)
Transfer (from) to lifetime expected credit losses	(5,785)	(82,815)
Transfer (from) to credit- impaired financial assets	53,973	13,897
Provided (reversed)	265,557	277,436
Charge off	(317,514)	(259,400)
Amortization of discount	(15,151)	(19,396)
Disposal	(24,473)	(30,436)
Collection	63,822	62,973
Others	(7,579)	(27,910)
Business combination (Note 47)	0	17,600
Ending balance	481,244	469,207
Loans at amortized cost net category | Credit card | 12-month expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	173,884	170,242
Transfer (from) to 12 month expected credit losses	22,148	55,815
Transfer (from) to lifetime expected credit losses	(11,568)	(20,607)
Transfer (from) to credit- impaired financial assets	(901)	(1,250)
Provided (reversed)	103,793	57,062
Charge off	0	0
Amortization of discount	0	0
Disposal	0	0
Collection	0	0
Others	(83,448)	(87,378)
Business combination (Note 47)	0	0
Ending balance	203,908	173,884
Loans at amortized cost net category | Credit card | Lifetime expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	365,248	351,765
Transfer (from) to 12 month expected credit losses	(21,591)	(55,712)
Transfer (from) to lifetime expected credit losses	11,834	20,756
Transfer (from) to credit- impaired financial assets	(2,041)	(3,916)
Provided (reversed)	210,592	280,047
Charge off	0	0
Amortization of discount	0	0
Disposal	0	0
Collection	0	0
Others	(189,589)	(227,692)
Business combination (Note 47)	0	0
Ending balance	374,453	365,248
Loans at amortized cost net category | Credit card | Financial instruments credit-impaired
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	314,850	280,098
Transfer (from) to 12 month expected credit losses	(557)	(103)
Transfer (from) to lifetime expected credit losses	(266)	(149)
Transfer (from) to credit- impaired financial assets	2,942	5,166
Provided (reversed)	137,254	147,332
Charge off	(572,008)	(332,862)
Amortization of discount	(7,807)	(5,541)
Disposal	0	0
Collection	200,234	190,738
Others	232,048	30,171
Business combination (Note 47)	0	0
Ending balance	306,690	314,850
Loans at amortized cost net category | Others | 12-month expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	7,501	10,670
Transfer (from) to 12 month expected credit losses	164	757
Transfer (from) to lifetime expected credit losses	(242)	(159)
Transfer (from) to credit- impaired financial assets	(13)	0
Provided (reversed)	4,188	(4,067)
Charge off	0	0
Amortization of discount	0	0
Disposal	0	0
Collection	0	0
Others	(164)	300
Business combination (Note 47)	0	0
Ending balance	11,434	7,501
Loans at amortized cost net category | Others | Lifetime expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	7,481	5,882
Transfer (from) to 12 month expected credit losses	(164)	(757)
Transfer (from) to lifetime expected credit losses	242	289
Transfer (from) to credit- impaired financial assets	(9)	0
Provided (reversed)	2,048	1,907
Charge off	0	0
Amortization of discount	0	0
Disposal	0	0
Collection	0	0
Others	3	160
Business combination (Note 47)	0	0
Ending balance	9,601	7,481
Loans at amortized cost net category | Others | Financial instruments credit-impaired
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	2,151	9,906
Transfer (from) to 12 month expected credit losses	0	0
Transfer (from) to lifetime expected credit losses	0	(130)
Transfer (from) to credit- impaired financial assets	22	0
Provided (reversed)	6,823	37
Charge off	(2,531)	(8,718)
Amortization of discount	0	0
Disposal	(182)	(820)
Collection	134	1,876
Others	0	0
Business combination (Note 47)	0	0
Ending balance	6,417	2,151
Others
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	78,849	71,621
Transfer (from) to 12 month expected credit losses	0	0
Transfer (from) to lifetime expected credit losses	0	0
Transfer (from) to credit- impaired financial assets	0	0
Provided (reversed)	33,785	33,945
Charge off	(26,814)	(29,456)
Amortization of discount	0	0
Disposal	(34)	0
Collection	2,166	1,873
Others	4,950	(9,294)
Business combination (Note 47)	0	10,160
Ending balance	92,902	78,849
Others | 12-month expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	33,987	39,927
Transfer (from) to 12 month expected credit losses	286	458
Transfer (from) to lifetime expected credit losses	(259)	(231)
Transfer (from) to credit- impaired financial assets	(256)	(172)
Provided (reversed)	(2,143)	2,822
Charge off	0	0
Amortization of discount	0	0
Disposal	(2)	0
Collection	0	0
Others	4,078	(9,738)
Business combination (Note 47)	0	921
Ending balance	35,691	33,987
Others | Lifetime expected credit losses
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	7,272	6,930
Transfer (from) to 12 month expected credit losses	(273)	(453)
Transfer (from) to lifetime expected credit losses	264	244
Transfer (from) to credit- impaired financial assets	(1,492)	(2,310)
Provided (reversed)	2,650	2,667
Charge off	0	0
Amortization of discount	0	0
Disposal	0	0
Collection	0	0
Others	(140)	9
Business combination (Note 47)	0	185
Ending balance	8,281	7,272
Others | Financial instruments credit-impaired
Changes in the allowance for credit losses of Loans at amortized cost and other financial assets [Line Items]
Beginning balance	37,590	24,764
Transfer (from) to 12 month expected credit losses	(13)	(5)
Transfer (from) to lifetime expected credit losses	(5)	(13)
Transfer (from) to credit- impaired financial assets	1,748	2,482
Provided (reversed)	33,278	28,456
Charge off	(26,814)	(29,456)
Amortization of discount	0	0
Disposal	(32)	0
Collection	2,166	1,873
Others	1,012	435
Business combination (Note 47)	0	9,054
Ending balance	₩ 48,930	₩ 37,590

Changes in deferred loan origin

Changes in deferred loan origination costs and fees (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Changes in deferred loan origination costs [Abstract]
Beginning balance	₩ 534,530	₩ 497,368
Loan origination	257,034	232,943
Amortization	(274,749)	(208,998)
Business combination (Note 47)	0	13,217
Ending balance	₩ 516,815	₩ 534,530

Property and equipment, net (De

Property and equipment, net (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Property and equipment, net [Line Items]
Land	₩ 2,219,227	₩ 1,815,112
Buildings	810,761	790,449
Right-of-use assets	590,417	1,112,796
Others	369,292	364,971
Acquisition cost
Disclosure of Property and equipment, net [Line Items]
Land	2,219,227	1,815,112
Buildings	1,230,187	1,167,514
Right-of-use assets	1,016,183	1,357,206
Others	2,197,485	2,130,805
Accumulated depreciation
Disclosure of Property and equipment, net [Line Items]
Land	0	0
Buildings	(419,426)	(377,065)
Right-of-use assets	(425,766)	(244,410)
Others	₩ (1,828,193)	₩ (1,765,834)

Changes in property and equipme

Changes in property and equipment (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Schedule of Changes in property and equipment [Line Items]
Beginning balance		₩ 4,083,328	₩ 3,577,709
Acquisitions		581,810	1,076,404
Disposals		(166,151)	(43,644)
Depreciation		(475,506)	(479,657)
Amounts transferred from(to) investment property		4,064	(104,573)
Amounts transferred from(to) intangible assets		3,738	271
Amounts transferred from(to) assets held for sale	[1]	(31,633)	(455)
Amounts transferred from(to) right-of-use assets		0	0
Others		(2,235)	0
Effects of foreign currency movements		(8,553)	14,031
Business combination (Note 47)		835	43,242
Ending balance		3,989,697	4,083,328
Land
Schedule of Changes in property and equipment [Line Items]
Beginning balance		1,815,112	1,827,711
Acquisitions		78,066	69,045
Disposals		(92,683)	(249)
Depreciation		0	0
Amounts transferred from(to) investment property		55,316	(81,311)
Amounts transferred from(to) intangible assets		0	0
Amounts transferred from(to) assets held for sale	[1]	(31,622)	(410)
Amounts transferred from(to) right-of-use assets		395,346	0
Others		0	0
Effects of foreign currency movements		(308)	326
Business combination (Note 47)		0	0
Ending balance		2,219,227	1,815,112
Buildings
Schedule of Changes in property and equipment [Line Items]
Beginning balance		790,449	852,569
Acquisitions		56,828	16,946
Disposals		(46,897)	(1,719)
Depreciation		(56,041)	(55,450)
Amounts transferred from(to) investment property		(51,252)	(23,262)
Amounts transferred from(to) intangible assets		0	0
Amounts transferred from(to) assets held for sale	[1]	(11)	(45)
Amounts transferred from(to) right-of-use assets		118,091	0
Others		0	0
Effects of foreign currency movements		(406)	1,410
Business combination (Note 47)		0	0
Ending balance		810,761	790,449
Right-of-use assets
Schedule of Changes in property and equipment [Line Items]
Beginning balance		1,112,796	583,576
Acquisitions		305,958	805,783
Disposals		(24,173)	(12,595)
Depreciation		(286,028)	(298,538)
Amounts transferred from(to) investment property		0	0
Amounts transferred from(to) intangible assets		0	0
Amounts transferred from(to) assets held for sale	[1]	0	0
Amounts transferred from(to) right-of-use assets		(513,437)	0
Others		0	0
Effects of foreign currency movements		(5,380)	2,981
Business combination (Note 47)		681	31,589
Ending balance		590,417	1,112,796
Others
Schedule of Changes in property and equipment [Line Items]
Beginning balance		364,971	313,853
Acquisitions		140,958	184,630
Disposals		(2,398)	(29,081)
Depreciation		(133,437)	(125,669)
Amounts transferred from(to) investment property		0	0
Amounts transferred from(to) intangible assets		3,738	271
Amounts transferred from(to) assets held for sale	[1]	0	0
Amounts transferred from(to) right-of-use assets		0	0
Others		(2,235)	0
Effects of foreign currency movements		(2,459)	9,314
Business combination (Note 47)		154	11,653
Ending balance		₩ 369,292	₩ 364,971
[1]	Included buildings, and land.

Insured assets (Details)

Insured assets (Details) ₩ in Millions	12 Months Ended
	Dec. 31, 2020KRW (₩)
Cash (including ATM)
Insured assets [Line Items]
Amount covered	₩ 25,200
Type of insurance	Comprehensive insurance for financial institutions
Insurance company	Samsung Fire & Marine Insurance Co., Ltd., etc.
Property total risk, Machine risk, General liability collateral
Insured assets [Line Items]
Amount covered	₩ 1,510,644
Type of insurance	Comprehensive Property insurance
Insurance company	Samsung Fire & Marine Insurance Co., Ltd., etc.
Business property and real estate
Insured assets [Line Items]
Amount covered	₩ 24,235
Type of insurance	Fire insurance
Insurance company	Meritz Fire & Marine Insurance Co., Ltd., etc.
Officer liability of executives
Insured assets [Line Items]
Amount covered	₩ 110,000
Type of insurance	Compensation liability insurance for officers
Insurance company	Meritz Fire & Marine Insurance Co., Ltd., etc.
Employees
Insured assets [Line Items]
Amount covered	₩ 71,287
Type of insurance	Compensation liability insurance for employee accident
Insurance company	Meritz Fire & Marine Insurance Co., Ltd., etc.
Cash and securities
Insured assets [Line Items]
Amount covered	₩ 80,165
Type of insurance	Burglary insurance
Insurance company	Samsung Fire & Marine Insurance Co., Ltd., etc.
Personal information liability insurance etc.
Insured assets [Line Items]
Amount covered	₩ 32,549
Type of insurance	Others
Insurance company	Samsung Fire & Marine Insurance Co., Ltd., etc.

Intangible assets, net (Details

Intangible assets, net (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Intangible assets, net [Abstract]
Goodwill	₩ 4,689,792	₩ 4,690,049	₩ 3,903,518
Software	144,535	129,235
Development cost	183,592	144,100
Other	462,700	595,330
Intangible assets, net	₩ 5,480,619	₩ 5,558,714	₩ 4,320,134

Changes in intangible assets (D

Changes in intangible assets (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Changes in intangible assets [Line Items]
Beginning balance		₩ 5,558,714	₩ 4,320,134
Acquisitions		233,375	803,617
Disposals		(26,861)	(18,214)
Amounts transferred from(to) property and equipment		(3,738)	(271)
Impairment	[1],[2],[3],[4]	(41,310)	(151,643)
Amortization	[5]	(252,605)	(267,943)
Effects of foreign currency movements		(1,396)	1,749
Business combination		14,440	871,285
Ending balance		5,480,619	5,558,714
Goodwill
Changes in intangible assets [Line Items]
Beginning balance		4,690,049	3,903,518
Acquisitions		0	0
Disposals		0	0
Amounts transferred from(to) property and equipment		0	0
Impairment	[1],[2],[3],[4]	(14,235)	0
Amortization	[5]	0	0
Effects of foreign currency movements		0	0
Business combination		13,978	786,531
Ending balance		4,689,792	4,690,049
Software
Changes in intangible assets [Line Items]
Beginning balance		129,235	102,393
Acquisitions		64,195	56,834
Disposals		(1)	(428)
Amounts transferred from(to) property and equipment		1,415	697
Impairment	[1],[2],[3],[4]	0	0
Amortization	[5]	(49,159)	(40,578)
Effects of foreign currency movements		(1,150)	848
Business combination		0	9,469
Ending balance		144,535	129,235
Development cost
Changes in intangible assets [Line Items]
Beginning balance		144,100	82,536
Acquisitions		105,101	71,713
Disposals		(75)	(1,310)
Amounts transferred from(to) property and equipment		(7,820)	(968)
Impairment	[1],[2],[3],[4]	0	(474)
Amortization	[5]	(57,690)	(37,832)
Effects of foreign currency movements		(24)	0
Business combination		0	30,435
Ending balance		183,592	144,100
Other
Changes in intangible assets [Line Items]
Beginning balance		595,330	231,687
Acquisitions		64,079	675,070
Disposals		(26,785)	(16,476)
Amounts transferred from(to) property and equipment		2,667	0
Impairment	[1],[2],[3],[4]	(27,075)	(151,169)
Amortization	[5]	(145,756)	(189,533)
Effects of foreign currency movements		(222)	901
Business combination		462	44,850
Ending balance		₩ 462,700	₩ 595,330
[1]	Memberships were impaired. Memberships such as golf and condominium memberships are intangible assets that cannot be limited to a specific period of time. If the market value of the exchanges is less than the carrying amount as of December 31, 2019, the impairment loss is recognized.
[2]	The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2019, the impairment loss amounted to W151,523 million. The impairment loss is included in the non-operating expenses in the consolidated statement of comprehensive income.
[3]	The Group reviewed the recoverable value of intangible assets related to the rights to be the depository bank of local governments due to the performance below forecast and future prospects. For the year ended December 31, 2020, the impairment loss amounted to W27,133 million. The impairment loss is included in the non-operating expenses in the consolidated statement of comprehensive income.
[4]	The number of customer contacts decreased due to the decrease in the base interest rate in Indonesia in 2020 and the impact of COVID-19. Therefore, reclaimable amount decreased due to reduced loan and increased provisioning by corporate borrowers. PT Bank Shinhan Indonesia's CGUs can recover W 409,968 million. The carrying amount exceeding the recoverable amount of PT Bank Shinhan Indonesia's CGUs is W 14,379 million. The Group recognized as impairment losses of W 14,235 million based on the 99% stake the Group owns.
[5]	Included in general administrative expense and other operating income of the consolidated statements of comprehensive income.

Goodwill allocated in the Group

Goodwill allocated in the Group's CGUs (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Goodwill
Goodwill allocated in the Group's CGUs [Line Items]
Goodwill allocated in the Group's CGUs	₩ 4,689,792	₩ 4,690,049
Banking
Goodwill allocated in the Group's CGUs [Line Items]
Goodwill allocated in the Group's CGUs	795,823	810,058
Credit card
Goodwill allocated in the Group's CGUs [Line Items]
Goodwill allocated in the Group's CGUs	2,880,383	2,880,383
Securities
Goodwill allocated in the Group's CGUs [Line Items]
Goodwill allocated in the Group's CGUs	7,904	7,904
Shinhan Life Insurance
Goodwill allocated in the Group's CGUs [Line Items]
Goodwill allocated in the Group's CGUs	275,371	275,371
Orange Life insurance
Goodwill allocated in the Group's CGUs [Line Items]
Goodwill allocated in the Group's CGUs	564,576	564,576
Others
Goodwill allocated in the Group's CGUs [Line Items]
Goodwill allocated in the Group's CGUs	₩ 165,735	₩ 151,757

Changes in goodwill (Details)

Changes in goodwill (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Changes in Goodwill [Abstract]
Beginning balance		₩ 4,690,049	₩ 3,903,518
Acquisitions through business combinations	[1],[2]	13,978	786,531
Impairment losses		(14,235)	0
Ending balance		₩ 4,689,792	₩ 4,690,049
[1]	It is the goodwill recognized by the Group as it newly acquired the Neoflux Co., Ltd. (Note 47)
[2]	It is the goodwill recognized by the Group as it newly acquired the Orange Life Insurance Co., Ltd.("Orange Life"), Asia Trust Co., and the Shinhan Card's acquisition of the new business for the year ended December 31, 2019.

Total recoverable amount and to

Total recoverable amount and total carrying value of CGUs to which goodwill has been allocated, are as follows (Details) ₩ in Millions	Dec. 31, 2020KRW (₩)
Total Recoverable Amount And Total Carrying Value Of CGUs To Which Goodwill Has Been Allocated, Are As Follows [Abstract]
Total recoverable amount	₩ 49,034,706
Total carrying value	43,690,747
Difference	₩ 5,343,959

Investments in associates (Deta

Investments in associates (Details)	12 Months Ended
	Dec. 31, 2020
BNP Paribas Cardif Life Insurance
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	14.99%
Ownership at end of period	14.99%
Neoplux Technology Valuation Investment Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	33.33%
Ownership at end of period	0.00%
Partners 4th Growth Investment Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	25.00%
Ownership at end of period	25.00%
Songrim Partners
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	35.34%
Ownership at end of period	35.34%
KTB Newlake Global Healthcare PEF
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	30.00%
Ownership at end of period	30.00%
DAEKWANG SEMICONDUCTOR CO., LTD.
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	20.94%
Ownership at end of period	20.94%
Shinhan-Neoplux Energy Newbiz Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	23.33%
Ownership at end of period	31.66%
Shinhan-Albatross Tech Investment Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	50.00%
Ownership at end of period	49.97%
Plutus-SG Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	26.67%
Ownership at end of period	0.00%
Eum Private Equity Fund No.3
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	20.76%
Ownership at end of period	20.76%
KTB Confidence Private Placement
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	31.43%
Ownership at end of period	0.00%
Meritz AI-SingA330-A Investment Type Private Placement Special Asset Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	23.89%
Ownership at end of period	23.89%
Meritz AI-SingA330-B Investment Type Private Placement Special Asset Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	20.16%
Ownership at end of period	20.16%
VOGO DEBT STRATEGY QUALIFIED INV PRIVATE R/E INV TR 4
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	20.00%
Ownership at end of period	20.00%
Shinhan-Midas Donga Secondary Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	50.00%
Ownership at end of period	50.00%
ShinHan - Soo Young Entrepreneur Investment Fund No.1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	24.00%
Ownership at end of period	24.00%
Synergy-Shinhan Mezzanine New Technology Investment Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	47.62%
Ownership at end of period	0.00%
Shinhan Praxis K-Growth Global Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	18.87%
Ownership at end of period	18.87%
Credian Healthcare Private Equity Fund II
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	34.07%
Ownership at end of period	34.07%
Kiwoom Milestone Professional Private Real Estate Trust 19
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	50.00%
Ownership at end of period	50.00%
AIP EUROGREEN Private Real Estate Investment Trust No.3
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	21.28%
Ownership at end of period	21.28%
Hanhwa US Equity Strategy Private Real Estate Fund No.1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	44.84%
Ownership at end of period	44.84%
Shinhan Global Healthcare Fund 1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	4.41%
Ownership at end of period	4.41%
JB Power TL Investment Type Private Placement Special Asset Fund 7
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	33.33%
Ownership at end of period	33.33%
IBK AONE convertible 1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	47.25%
Ownership at end of period	0.00%
Rico synergy collabo Multi-Mezzanine 3
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	50.03%
Ownership at end of period	0.00%
KB NA Hickory Private Special Asset Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	37.50%
Ownership at end of period	37.50%
Koramco Europe Core Private Placement Real Estate Fund No.2-2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	44.02%
Ownership at end of period	44.02%
BNP Paribas Cardif General Insurance
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	10.00%
Ownership at end of period	7.46%
Axis Global Growth New Technology Investment Association
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	31.85%
Ownership at end of period	0.00%
Hermes Private Investment Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	29.17%
Ownership at end of period	29.17%
SHC ULMUS Fund No.1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	29.41%
Ownership at end of period	0.00%
Shinhan-Nvestor Liquidity Solution Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	24.92%
Ownership at end of period	24.92%
Shinhan AIM FoF Fund 1a
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	25.00%
Ownership at end of period	25.00%
IGIS Global Credit Fund 150-1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	25.00%
Ownership at end of period	25.00%
GX SHINHAN INTERVEST 1st Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	25.27%
Ownership at end of period	0.00%
Soo Commerce Platform Growth Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	24.62%
Ownership at end of period	24.62%
Partner One Value up I Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	27.91%
Ownership at end of period	27.91%
Genesis No.1 Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	22.80%
Ownership at end of period	22.80%
GMB ICT New Technology Investment Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	26.75%
Ownership at end of period	0.00%
Korea Omega Project Fund III
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	23.53%
Ownership at end of period	23.53%
Soo Delivery Platform Growth Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	30.00%
Ownership at end of period	30.00%
Genesis North America Power Company No.1 PEF
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	39.92%
Ownership at end of period	39.96%
Hyungje art printing
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	31.54%
Ownership at end of period	31.54%
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	23.33%
Ownership at end of period	23.33%
Shinhan-Rhinos 1 Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	22.48%
Ownership at end of period	22.48%
Pacific Private Investment Trust No.20
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	21.74%
Ownership at end of period	21.74%
Susung Mezzanine project P1 Private Investment Trust
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	41.18%
Ownership at end of period	41.31%
Korea Finance Security
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	14.91%
Ownership at end of period	14.91%
Multimedia Tech Co.Ltd
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	21.06%
Ownership at end of period	21.06%
MIEL CO.,LTD
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	28.77%
Ownership at end of period	28.77%
AIP Transportation Specialized Privately Placed Fund Trust #1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	35.73%
Ownership at end of period	35.73%
DB Epic Convertiblebond Private Trust No.2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	50.00%
Ownership at end of period	50.98%
PCC S/W 2nd Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	29.56%
Ownership at end of period	0.00%
E&Healthcare Investment Fund No.6
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	20.37%
Ownership at end of period	21.05%
One Shinhan Global Fund 1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	19.98%
Ownership at end of period	19.96%
Kiwoom-Shinhan Innovation Fund I
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	50.00%
Ownership at end of period	50.00%
Daishin-K&T New Technology Investment Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	31.25%
Ownership at end of period	31.25%
Midas Asset Global CRE Debt Private Fund No.6
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	20.05%
Ownership at end of period	41.16%
Richmond Private Investment Trust No.82
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	60.00%
Ownership at end of period	60.00%
Tiger Alternative Real Estate Professional Private5
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	48.71%
Ownership at end of period	48.71%
Samchully Midstream Private Placement Special Asset Fund 5-4
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	42.92%
Ownership at end of period	42.92%
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	20.00%
Ownership at end of period	20.00%
AUCTUS FITRIN Corporate Recovery Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	21.43%
Ownership at end of period	0.00%
NH-Amundi Global Infrastructure Trust 14
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	30.00%
Ownership at end of period	30.00%
Pacific Private Real Estate Fund Investment Trust No.30
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	37.50%
Ownership at end of period	0.00%
Jarvis Memorial Private Investment Trust 1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	99.01%
Ownership at end of period	99.01%
Mastern Private Investment Trust 68
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	53.76%
Ownership at end of period	53.76%
Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	60.00%
Ownership at end of period	60.00%
Milestone Private Real Estate Fund 3 (Derivative Type)
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	32.06%
Ownership at end of period	32.06%
IGIS Private Real Estate Investment Trust 286 (2 class)
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	41.56%
Ownership at end of period	41.44%
Nomura-Rifa Private Real Estate Investment Trust 31 (2 class)
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	31.31%
Ownership at end of period	31.31%
Lime Pricing Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	25.85%
Ownership at end of period	0.00%
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	21.27%
Ownership at end of period	21.27%
DS Solid.II Hedge Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	27.41%
Ownership at end of period	0.00%
Hana Semiconductor New Technology Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	24.30%
Ownership at end of period	24.30%
J&Magnet Startup Venture Specialized Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	24.39%
Ownership at end of period	24.39%
Cape IT Fund No.3
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	32.89%
Ownership at end of period	32.89%
FuturePlay-Shinhan TechInnovation Fund 1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	50.00%
Ownership at end of period	50.00%
Stonebridge Corporate 1st Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	44.12%
Ownership at end of period	44.12%
Vogo Realty Partners Private Real Estate Fund V
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	21.64%
Ownership at end of period	21.64%
IL GU FARM CO.,LTD
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	28.47%
Ownership at end of period	0.00%
Korea Credit Bureau
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	9.00%
Ownership at end of period	9.00%
Goduck Gangil1 PFV Co., Ltd
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	1.04%
Ownership at end of period	1.04%
SBC PFV Co., Ltd
Investments in associates [Line Items]
Country	Korea
Reporting date	Sep. 30, 2020
Ownership at beginning of period	25.00%
Ownership at end of period	25.00%
Sprott Global Renewable Private Equity Fund II
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	23.10%
Ownership at end of period	0.00%
NH-amundi global infra private fund 16
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	50.00%
Ownership at end of period	50.00%
IMM Global Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	31.85%
Ownership at end of period	33.00%
HANA Alternative Estate Professional Private122
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	75.19%
Ownership at end of period	75.19%
Hanwha-Incus Plus New Technology Fund No.1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	42.64%
Ownership at end of period	42.64%
SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	45.96%
Ownership at end of period	45.96%
SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	57.50%
Ownership at end of period	72.39%
PSA EMP Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	28.99%
Ownership at end of period	28.99%
Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	52.28%
Ownership at end of period	52.28%
SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	25.70%
Ownership at end of period	0.00%
SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	25.42%
Ownership at end of period	0.00%
BRAIN DO PROFESSIONALE PRIVATE No. 27
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	29.13%
Ownership at end of period	29.13%
VISION US Muni US Local Debt Opportunities Professional Private1(S)
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	25.00%
Ownership at end of period	0.00%
UI Venture Fund 7th
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	24.39%
Sparklabs-Shinhan Opportunity Fund 1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	49.50%
BNW Tech-Innovation Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	29.85%
IGIS Real-estate Private Investment Trust No.33
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	40.86%
Findvalue PreIPO 6th Professional Investment Type Private Investment Trust
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	31.58%
WWG Global Real Estate Investment Trust no.4
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	29.55%
Fidelis Global Private Real Estate Trust No.2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	78.26%
IGIS PRIVATE REAL ESTATE TRUST NO.331
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	30.77%
AIP EURO PRIVATE REAL ESTATE TRUST No. 12
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	28.70%
Pebblestone CGV Private Real Estate Trust No.1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	48.53%
Shinhan AIM Real Estate Fund No.2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	30.00%
Shinhan AIM Real Estate Fund No.1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	21.01%
SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	22.02%
SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	29.19%
SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD)
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	71.43%
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	30.00%
Korea Omega-Shinhan Project Fund I
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	50.00%
New Green Shinhan Mezzanine Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	39.22%
KORAMKO-Daum Professional Private Investment Trust No.12
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	33.33%
Samsung SRA Real Estate Professional Private 45[FoFs]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	25.00%
IBK Global New Renewable Energy Special Asset Professional Private2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	28.98%
VS Cornerstone Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	41.18%
Aone Mezzanine Opportunity Professional Private
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	66.12%
KiwoomUnicorn3New Technology Business Investment Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	21.28%
Multi Asset The United States Thortons Professional Private1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	25.00%
Kiwoom Milestone US Real Estate Professional Private20
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	75.27%
NH-Amundi US Infrastructure Private Fund2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	25.91%
KB Distribution Private Real Estate1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	62.00%
SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	28.93%
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative]
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	30.00%
Kakao-Shinhan 1st TNYT Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	48.62%
IMM Special Situation 1-2 PRIVATE EQUITY FUND
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	20.02%
Pacific Private Placement Real Estate Fund No.40
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	24.73%
Mastern Private Real Estate Loan Fund No.2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	33.57%
LB Scotland Amazon Fulfillment Center Fund 29
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	70.14%
JR AMC Hungary Budapest Office Fund 16
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	32.57%
IGIS 372 Real Estate Professional Private
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	28.39%
KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	19.00%
Future-Creation Neoplux Venture Capital Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	16.25%
Gyeonggi-Neoplux Superman Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	21.76%
NewWave 6th Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	30.00%
Neoplux No.3 Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	10.00%
PCC Amberstone Private Equity Fund I
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	21.67%
KIAMCO POWERLOAN TRUST 4TH
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	47.37%
Mastern Opportunity Seeking Real Estate Fund II
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	20.00%
AION ELFIS PROFESSIONAL PRIVATE 1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	20.00%
T&F 2020 SS Private Equity Fund Specializing in Start-up and Venture Business
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	29.68%
Neoplux Market-Frontier Secondary Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	19.74%
Synergy Green New Deal 1st New Technology Business Investment Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	28.17%
KAIM Real-estate Private Investment Trust 20
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	38.46%
KIAMCO Vietnam Solar Special Asset Private Investment Trust
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	50.00%
CSQUARE SNIPER PROFESSIONAL PRIVATE 10
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	62.50%
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	97.85%
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	97.85%
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	25.00%
IGIS Professional Investors Private Investment Real Estate Investment LLC No.395
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	58.82%
SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	30.00%
Eum Private Equity Fund No.7
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	21.00%
Kiwoom Private Equity Ant-Man Startup Venture Specialized Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	25.00%
Kiwoom Hero No.4 Private Equity Fund
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	21.05%
Vogo Canister Professional Trust Private Fund I
Investments in associates [Line Items]
Country	Korea
Reporting date	Dec. 31, 2020
Ownership at beginning of period	0.00%
Ownership at end of period	36.68%

Changes in investments in assoc

Changes in investments in associates (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	₩ 1,452,861	₩ 671,330
Investment and Dividend	1,056,238	724,902
Equity method income (loss)	159,533	53,287	₩ 17,488
Change in other comprehensive income (loss)	(1,457)	3,342
Impairment loss	(9,407)	0	(5,849)
Investments in associates	2,657,768	1,452,861	₩ 671,330
BNP Paribas Cardif Life Insurance
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	52,586	49,816
Investment and Dividend	0	(373)
Equity method income (loss)	(928)	(517)
Change in other comprehensive income (loss)	(1,058)	3,660
Impairment loss	0	0
Investments in associates	50,600	52,586
Songrim Partners
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	0	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Neoplux Technology Valuation Investment Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	16,384	18,738
Investment and Dividend	(16,171)	(1,661)
Equity method income (loss)	(213)	(693)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	16,384
Partners 4th Growth Investment Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	14,917	16,612
Investment and Dividend	(4,474)	(1,219)
Equity method income (loss)	1,515	(476)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	11,958	14,917
KTB Newlake Global Healthcare PEF
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	11,280	9,885
Investment and Dividend	(1,950)	1,500
Equity method income (loss)	74	(105)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	9,404	11,280
DAEKWANG SEMICONDUCTOR CO., LTD.
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,388	3,334
Investment and Dividend	0	0
Equity method income (loss)	243	52
Change in other comprehensive income (loss)	0	2
Impairment loss	0	0
Investments in associates	3,631	3,388
Shinhan-Neoplux Energy Newbiz Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	7,880	3,974
Investment and Dividend	5,887	4,200
Equity method income (loss)	703	(294)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	14,470	7,880
Shinhan-Albatross Tech Investment Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	8,734	8,908
Investment and Dividend	4,650	0
Equity method income (loss)	(62)	132
Change in other comprehensive income (loss)	0	(306)
Impairment loss	0	0
Investments in associates	13,322	8,734
KCLAVIS Meister Fund No.17
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	3,083
Investment and Dividend	0	(1,801)
Equity method income (loss)	0	(84)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	1,198
Plutus-SG Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	4,231	4,252
Investment and Dividend	(5,230)	(132)
Equity method income (loss)	999	111
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	4,231
SG ARGES Private Equity Fund No.1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	4,341
Investment and Dividend	0	(4,796)
Equity method income (loss)	0	455
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Eum Private Equity Fund No.3
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,574	4,889
Investment and Dividend	(5,621)	(2,476)
Equity method income (loss)	2,050	1,161
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3	3,574
KTB Confidence Private Placement
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	6,067	5,302
Investment and Dividend	(6,063)	(215)
Equity method income (loss)	(4)	980
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	6,067
Meritz AI-SingA330-A Investment Type Private Placement Special Asset Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	4,256	5,432
Investment and Dividend	(772)	(1,266)
Equity method income (loss)	(3,484)	90
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	4,256
Meritz AI-SingA330-B Investment Type Private Placement Special Asset Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	8,916	8,429
Investment and Dividend	(48)	242
Equity method income (loss)	(8,868)	245
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	8,916
VOGO DEBT STRATEGY QUALIFIED INV PRIVATE R/E INV TR 4
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	9,930	4,831
Investment and Dividend	(1,700)	4,820
Equity method income (loss)	472	279
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	8,702	9,930
Platform Partners brick save Private Investment trust
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	8,120
Investment and Dividend	0	(8,197)
Equity method income (loss)	0	77
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Shinhan-Midas Donga Secondary Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,486	2,061
Investment and Dividend	1,150	1,750
Equity method income (loss)	116	(325)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,752	3,486
ShinHan - Soo Young Entrepreneur Investment Fund No.1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	4,549	2,554
Investment and Dividend	1,495	1,968
Equity method income (loss)	3,924	27
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	9,968	4,549
Synergy-Shinhan Mezzanine New Technology Investment Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,912	10,149
Investment and Dividend	(4,406)	(6,492)
Equity method income (loss)	494	255
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	3,912
Shinhan Praxis K-Growth Global Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	10,302	16,527
Investment and Dividend	78	(8,745)
Equity method income (loss)	(435)	2,520
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	9,945	10,302
Credian Healthcare Private Equity Fund II
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	2,377	4,553
Investment and Dividend	(4,937)	(2,526)
Equity method income (loss)	8,395	350
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,835	2,377
Kiwoom Milestone Professional Private Real Estate Trust 19
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	10,407	10,419
Investment and Dividend	(265)	(241)
Equity method income (loss)	(224)	229
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	9,918	10,407
AIP EUROGREEN Private Real Estate Investment Trust No.3
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	20,884	20,544
Investment and Dividend	(1,189)	(1,248)
Equity method income (loss)	1,326	1,588
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	21,021	20,884
Brain Professional Private Trust No.4
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	5,244
Investment and Dividend	0	(5,175)
Equity method income (loss)	0	(69)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Hanhwa US Equity Strategy Private Real Estate Fund No.1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	25,964	26,232
Investment and Dividend	(26,907)	(1,866)
Equity method income (loss)	3,220	1,598
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	2,277	25,964
Brain KS Qualified Privately Placed Fund No.6
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	5,097
Investment and Dividend	0	(5,041)
Equity method income (loss)	0	(56)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Shinhan Global Healthcare Fund 1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,209	3,285
Investment and Dividend	0	0
Equity method income (loss)	128	(76)
Change in other comprehensive income (loss)	0	0
Impairment loss	(3,337)	0
Investments in associates	0	3,209
JB Power TL Investment Type Private Placement Special Asset Fund 7
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	16,800	17,484
Investment and Dividend	(1,359)	(1,513)
Equity method income (loss)	745	829
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	16,186	16,800
IBK AONE convertible 1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	6,077	5,906
Investment and Dividend	(6,048)	0
Equity method income (loss)	(29)	171
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	6,077
Rico synergy collabo Multi-Mezzanine 3
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,217	5,290
Investment and Dividend	(3,221)	(2,501)
Equity method income (loss)	4	428
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	3,217
KB NA Hickory Private Special Asset Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	35,930	34,360
Investment and Dividend	(2,609)	445
Equity method income (loss)	1,617	1,125
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	34,938	35,930
GB Professional Private Investment Trust 6
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	8,588
Investment and Dividend	0	(8,588)
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Koramco Europe Core Private Placement Real Estate Fund No.2-2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	19,562	18,616
Investment and Dividend	(1,330)	(1,458)
Equity method income (loss)	386	2,404
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	18,618	19,562
SHBNPP Private Korea Equity Long-Short Professional Feeder
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	14,370
Investment and Dividend	0	(14,325)
Equity method income (loss)	0	(45)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Shinhan-Stonebridge Petro PEF
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	18,681
Investment and Dividend	0	(19,589)
Equity method income (loss)	0	909
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	1
BNP Paribas Cardif General Insurance
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	2,113	3,423
Investment and Dividend	3,066	0
Equity method income (loss)	(1,244)	(1,296)
Change in other comprehensive income (loss)	(40)	(14)
Impairment loss	0	0
Investments in associates	3,895	2,113
Axis Global Growth New Technology Investment Association
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,205	4,875
Investment and Dividend	(2,920)	(1,592)
Equity method income (loss)	(285)	(78)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	3,205
Polaris No7 Start up and Venture Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	4,338
Investment and Dividend	0	(2,300)
Equity method income (loss)	0	265
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	2,303
Hermes Private Investment Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	6,376	7,065
Investment and Dividend	0	0
Equity method income (loss)	(277)	(689)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	6,099	6,376
SHC ULMUS Fund No.1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,149	2,890
Investment and Dividend	(3,289)	0
Equity method income (loss)	140	259
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	3,149
Shinhan-Nvestor Liquidity Solution Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	4,865	2,689
Investment and Dividend	(1,004)	2,700
Equity method income (loss)	632	(524)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,493	4,865
Shinhan AIM FoF Fund 1a
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	7,242	4,351
Investment and Dividend	1,324	2,363
Equity method income (loss)	194	528
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	8,760	7,242
Daishin Heim Qualified Investor Private Investment Trust No.1808
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	10,126
Investment and Dividend	0	(10,297)
Equity method income (loss)	0	171
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Heungkuk High Class Professional Trust Private Fund 37
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	9,438
Investment and Dividend	0	(9,505)
Equity method income (loss)	0	67
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
IGIS Global Credit Fund 150-1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	9,718	8,896
Investment and Dividend	(4,002)	781
Equity method income (loss)	1,566	41
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	7,282	9,718
GX SHINHAN INTERVEST 1st Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	33,166	31,831
Investment and Dividend	(54,515)	0
Equity method income (loss)	21,349	1,335
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	33,166
Soo Commerce Platform Growth Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	6,343	6,378
Investment and Dividend	(8,474)	0
Equity method income (loss)	3,278	(35)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	1,147	6,343
Partner One Value up I Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	11,891	11,939
Investment and Dividend	(20)	0
Equity method income (loss)	(92)	(48)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	11,779	11,891
Genesis No.1 Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	51,150	45,758
Investment and Dividend	388	404
Equity method income (loss)	28,575	4,988
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	80,113	51,150
GMB ICT New Technology Investment Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	7,854	7,934
Investment and Dividend	(7,853)	0
Equity method income (loss)	(1)	(80)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	7,854
Korea Omega Project Fund III
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,016	1,992
Investment and Dividend	0	0
Equity method income (loss)	547	1,024
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,563	3,016
Soo Delivery Platform Growth Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	8,922	8,983
Investment and Dividend	(7,929)	(171)
Equity method income (loss)	3,075	110
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,068	8,922
Genesis North America Power Company No.1 PEF
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	18,275	20,824
Investment and Dividend	(3,869)	(4,035)
Equity method income (loss)	2,577	1,486
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	16,983	18,275
Hyungje art printing
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	0	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	20,712	6,204
Investment and Dividend	(10,794)	14,147
Equity method income (loss)	664	361
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,582	20,712
Shinhan-Rhinos 1 Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,029	0
Investment and Dividend	(1,004)	3,000
Equity method income (loss)	574	29
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	2,599	3,029
Pacific Private Investment Trust No.20
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	4,076	0
Investment and Dividend	(1,289)	3,819
Equity method income (loss)	212	257
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	2,999	4,076
Susung Mezzanine project P1 Private Investment Trust
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	5,128	0
Investment and Dividend	(3,613)	4,000
Equity method income (loss)	(170)	1,128
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	1,345	5,128
Korea Finance Security
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,235	0
Investment and Dividend	0	3,448
Equity method income (loss)	(180)	(213)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,055	3,235
Multimedia Tech Co.Ltd
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	19	0
Investment and Dividend	0	0
Equity method income (loss)	(19)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
MIEL CO.,LTD
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	0	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
AIP Transportation Specialized Privately Placed Fund Trust #1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	31,580	0
Investment and Dividend	1,366	31,136
Equity method income (loss)	47	444
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	32,993	31,580
DB Epic Convertiblebond Private Trust No.2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	5,063	0
Investment and Dividend	202	5,000
Equity method income (loss)	520	63
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,785	5,063
PCC S/W 2nd Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,001	0
Investment and Dividend	(3,328)	3,000
Equity method income (loss)	327	1
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	3,001
E&Healthcare Investment Fund No.6
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	7,776	0
Investment and Dividend	0	7,030
Equity method income (loss)	7,387	746
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	15,163	7,776
One Shinhan Global Fund 1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	4,441	0
Investment and Dividend	0	4,520
Equity method income (loss)	(412)	(79)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,029	4,441
Kiwoom-Shinhan Innovation Fund I
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	7,284	0
Investment and Dividend	7,500	7,500
Equity method income (loss)	1,185	(216)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	15,969	7,284
Daishin-K&T New Technology Investment Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	7,057	0
Investment and Dividend	0	7,000
Equity method income (loss)	(57)	57
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	7,000	7,057
Midas Asset Global CRE Debt Private Fund No.6
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	23,731	0
Investment and Dividend	21,537	23,194
Equity method income (loss)	2,121	537
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	47,389	23,731
Richmond Private Investment Trust No.82
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	15,120	0
Investment and Dividend	(855)	14,569
Equity method income (loss)	784	551
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	15,049	15,120
Tiger Alternative Real Estate Professional Private5
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	19,820	0
Investment and Dividend	(1,376)	19,876
Equity method income (loss)	55	(56)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	18,499	19,820
Samchully Midstream Private Placement Special Asset Fund 5-4
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	30,742	0
Investment and Dividend	(968)	29,436
Equity method income (loss)	(956)	1,306
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	28,818	30,742
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	53,831	0
Investment and Dividend	9,253	52,048
Equity method income (loss)	2,532	1,783
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	65,616	53,831
AUCTUS FITRIN Corporate Recovery Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	14,358	0
Investment and Dividend	(14,484)	14,250
Equity method income (loss)	126	108
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	14,358
NH-Amundi Global Infrastructure Trust 14
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	18,497	0
Investment and Dividend	(460)	17,769
Equity method income (loss)	782	728
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	18,819	18,497
Pacific Private Real Estate Fund Investment Trust No.30
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	14,816	0
Investment and Dividend	(15,374)	14,236
Equity method income (loss)	558	580
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	14,816
Jarvis Memorial Private Investment Trust 1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	10,166	0
Investment and Dividend	(763)	9,888
Equity method income (loss)	640	278
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,043	10,166
Mastern Private Investment Trust 68
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	9,999	0
Investment and Dividend	(460)	9,764
Equity method income (loss)	471	235
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,010	9,999
Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	4,397	0
Investment and Dividend	30,510	4,434
Equity method income (loss)	734	(37)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	35,641	4,397
Milestone Private Real Estate Fund 3 (Derivative Type)
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	17,186	0
Investment and Dividend	(838)	17,016
Equity method income (loss)	2,180	170
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	18,528	17,186
IGIS Private Real Estate Investment Trust 286 (2 class)
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	9,768	0
Investment and Dividend	(1,361)	10,100
Equity method income (loss)	437	(332)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	8,844	9,768
Nomura-Rifa Private Real Estate Investment Trust 31 (2 class)
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	8,914	0
Investment and Dividend	(932)	9,018
Equity method income (loss)	425	(104)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	8,407	8,914
Lime Pricing Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	8,300	0
Investment and Dividend	(8,217)	8,400
Equity method income (loss)	(83)	(100)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	8,300
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	41,991	0
Investment and Dividend	(29,980)	39,376
Equity method income (loss)	1,312	2,615
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	13,323	41,991
DS Solid.II Hedge Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	4,123	0
Investment and Dividend	(6,397)	4,300
Equity method income (loss)	2,274	(177)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	4,123
Hana Semiconductor New Technology Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	12,856	0
Investment and Dividend	(2,557)	13,000
Equity method income (loss)	13,832	(144)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	24,131	12,856
J&Magnet Startup Venture Specialized Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	5,979	0
Investment and Dividend	(2,151)	6,000
Equity method income (loss)	2,107	(21)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,935	5,979
Cape IT Fund No.3
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	9,967	0
Investment and Dividend	(580)	10,000
Equity method income (loss)	1,262	(33)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,649	9,967
FuturePlay-Shinhan TechInnovation Fund 1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	868
Investment and Dividend	3,661
Equity method income (loss)	(234)
Change in other comprehensive income (loss)	0
Impairment loss	0
Investments in associates	4,295	0
Stonebridge Corporate 1st Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	2,981
Investment and Dividend	0
Equity method income (loss)	258
Change in other comprehensive income (loss)	0
Impairment loss	0
Investments in associates	3,239	0
Vogo Realty Partners Private Real Estate Fund V
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	10,376	0
Investment and Dividend	(566)	10,611
Equity method income (loss)	1,017	(235)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,827	10,376
IL GU FARM CO.,LTD
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	0	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	0
Korea Credit Bureau
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	6,812	0
Investment and Dividend	(90)	4,500
Equity method income (loss)	254	2,312
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	6,976	6,812
SBC PFV Co., Ltd
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	20,000	0
Investment and Dividend	0	20,000
Equity method income (loss)	(1,792)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	18,208	20,000
Goduck Gangil1 PFV Co., Ltd
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	48
Investment and Dividend	0
Equity method income (loss)	(48)
Change in other comprehensive income (loss)	0
Impairment loss	0
Investments in associates	0	0
Sprott Global Renewable Private Equity Fund II
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	19,016	0
Investment and Dividend	(18,909)	20,131
Equity method income (loss)	(107)	(1,115)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	19,016
NH-amundi global infra private fund 16
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	48,158	0
Investment and Dividend	(1,236)	49,530
Equity method income (loss)	(3,083)	(1,372)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	43,839	48,158
IMM Global Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	28,925	0
Investment and Dividend	90,776	28,945
Equity method income (loss)	1,154	(20)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	120,855	28,925
HANA Alternative Estate Professional Private122
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	26,205	0
Investment and Dividend	(644)	28,487
Equity method income (loss)	4,070	(2,282)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	29,631	26,205
Hanwha-Incus Plus New Technology Fund No.1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	5,499	0
Investment and Dividend	0	5,500
Equity method income (loss)	5,527	(1)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	11,026	5,499
SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	51,293	0
Investment and Dividend	(1,613)	51,293
Equity method income (loss)	1,530	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	51,210	51,293
SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	150,317	0
Investment and Dividend	127,753	146,045
Equity method income (loss)	8,461	4,272
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	286,531	150,317
PSA EMP Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	9,927	0
Investment and Dividend	(278)	10,000
Equity method income (loss)	165	(73)
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	9,814	9,927
Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	29,463	0
Investment and Dividend	(239)	28,314
Equity method income (loss)	177	1,149
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	29,401	29,463
SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	5,727	0
Investment and Dividend	(5,727)	5,727
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	5,727
SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	5,729	0
Investment and Dividend	(5,729)	5,729
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	5,729
BRAIN DO PROFESSIONALE PRIVATE No. 27
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	3,065	0
Investment and Dividend	0	3,000
Equity method income (loss)	376	65
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,441	3,065
VISION US Muni US Local Debt Opportunities Professional Private1(S)
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	9,869	0
Investment and Dividend	(10,032)	9,500
Equity method income (loss)	163	369
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	0	9,869
UI Venture Fund 7th
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	3,000	0
Equity method income (loss)	279	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,279	0
Sparklabs-Shinhan Opportunity Fund 1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	4,999	0
Equity method income (loss)	(167)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,832	0
BNW Tech-Innovation Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	6,000	0
Equity method income (loss)	(58)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,942	0
IGIS Real-estate Private Investment Trust No.33
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	13,945	0
Equity method income (loss)	154	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	14,099	0
Findvalue PreIPO 6th Professional Investment Type Private Investment Trust
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	3,000	0
Equity method income (loss)	2	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,002	0
WWG Global Real Estate Investment Trust no.4
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	16,874	0
Equity method income (loss)	878	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	17,752	0
Fidelis Global Private Real Estate Trust No.2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	18,582	0
Equity method income (loss)	903	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	19,485	0
IGIS PRIVATE REAL ESTATE TRUST NO.331
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	3,932	0
Equity method income (loss)	(167)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,765	0
AIP EURO PRIVATE REAL ESTATE TRUST No. 12
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	45,082	0
Equity method income (loss)	3,262	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	48,344	0
Pebblestone CGV Private Real Estate Trust No.1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	12,793	0
Equity method income (loss)	553	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	13,346	0
Shinhan AIM Real Estate Fund No.2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	36,186	0
Equity method income (loss)	(7,652)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	(6,070)	0
Investments in associates	22,464	0
Shinhan AIM Real Estate Fund No.1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	45,415	0
Equity method income (loss)	1,530	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	46,945	0
SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	32,258	0
Equity method income (loss)	686	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	32,944	0
SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	22,003	0
Equity method income (loss)	(1,101)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	20,902	0
SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD)
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	7,273	0
Equity method income (loss)	(581)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	6,692	0
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	4,859	0
Equity method income (loss)	(14)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,845	0
Korea Omega-Shinhan Project Fund I
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	6,000	0
Equity method income (loss)	(69)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,931	0
New Green Shinhan Mezzanine Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	4,000	0
Equity method income (loss)	916	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,916	0
KORAMKO-Daum Professional Private Investment Trust No.12
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	6,930	0
Equity method income (loss)	598	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	7,528	0
Samsung SRA Real Estate Professional Private 45[FoFs]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	10,701	0
Equity method income (loss)	(35)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,666	0
IBK Global New Renewable Energy Special Asset Professional Private2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	29,177	0
Equity method income (loss)	3,172	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	32,349	0
VS Cornerstone Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	3,500	0
Equity method income (loss)	(36)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,464	0
Aone Mezzanine Opportunity Professional Private
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	8,000	0
Equity method income (loss)	1,580	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	9,580	0
KiwoomUnicorn3New Technology Business Investment Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	3,000	0
Equity method income (loss)	1,283	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,283	0
Multi Asset The United States Thortons Professional Private1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	44,202	0
Equity method income (loss)	(2,762)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	41,440	0
Kiwoom Milestone US Real Estate Professional Private20
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	49,791	0
Equity method income (loss)	1,721	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	51,512	0
NH-Amundi US Infrastructure Private Fund2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	24,647	0
Equity method income (loss)	783	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	25,430	0
KB Distribution Private Real Estate1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	29,984	0
Equity method income (loss)	714	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	30,698	0
SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	19,968	0
Equity method income (loss)	744	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	20,712	0
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative]
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	28,251	0
Equity method income (loss)	898	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	29,149	0
Kakao-Shinhan 1st TNYT Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	6,000	0
Equity method income (loss)	(319)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,681	0
IMM Special Situation 1-2 PRIVATE EQUITY FUND
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	10,000	0
Equity method income (loss)	870	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,870	0
Pacific Private Placement Real Estate Fund No.40
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	11,273	0
Equity method income (loss)	374	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	11,647	0
Mastern Private Real Estate Loan Fund No.2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	5,740	0
Equity method income (loss)	(48)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,692	0
LB Scotland Amazon Fulfillment Center Fund 29
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	30,753	0
Equity method income (loss)	429	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	31,182	0
JR AMC Hungary Budapest Office Fund 16
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	11,380	0
Equity method income (loss)	824	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	12,204	0
IGIS 372 Real Estate Professional Private
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	58,200	0
Equity method income (loss)	(1,365)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	56,835	0
KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	4,058	0
Equity method income (loss)	(228)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,830	0
Future-Creation Neoplux Venture Capital Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	4,204	0
Equity method income (loss)	(408)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,796	0
Gyeonggi-Neoplux Superman Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	7,665	0
Equity method income (loss)	(1,266)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	6,399	0
NewWave 6th Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	6,242	0
Equity method income (loss)	(92)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	6,150	0
Neoplux No.3 Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	10,825	0
Equity method income (loss)	(530)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,295	0
PCC Amberstone Private Equity Fund I
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	22,066	0
Equity method income (loss)	414	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	22,480	0
KIAMCO POWERLOAN TRUST 4TH
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	43,390	0
Equity method income (loss)	565	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	43,955	0
Mastern Opportunity Seeking Real Estate Fund II
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	19,508	0
Equity method income (loss)	291	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	19,799	0
AION ELFIS PROFESSIONAL PRIVATE 1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	5,000	0
Equity method income (loss)	528	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,528	0
T&F 2020 SS Private Equity Fund Specializing in Start-up and Venture Business
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	4,500	0
Equity method income (loss)	(47)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,453	0
Neoplux Market-Frontier Secondary Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	10,974	0
Equity method income (loss)	571	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	11,545	0
Synergy Green New Deal 1st New Technology Business Investment Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	10,000	0
Equity method income (loss)	8	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	10,008	0
KAIM Real-estate Private Investment Trust 20
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	5,000	0
Equity method income (loss)	98	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,098	0
KIAMCO Vietnam Solar Special Asset Private Investment Trust
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	8,150	0
Equity method income (loss)	(202)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	7,948	0
CSQUARE SNIPER PROFESSIONAL PRIVATE 10
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	3,125	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	3,125	0
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	44,780	0
Equity method income (loss)	(9)	0
Change in other comprehensive income (loss)	(177)	0
Impairment loss	0	0
Investments in associates	44,594	0
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	44,780	0
Equity method income (loss)	(9)	0
Change in other comprehensive income (loss)	(177)	0
Impairment loss	0	0
Investments in associates	44,594	0
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	16,000	0
Equity method income (loss)	(145)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	15,855	0
IGIS Professional Investors Private Investment Real Estate Investment LLC No.395
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	30,000	0
Equity method income (loss)	(356)	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	29,644	0
SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	21,142	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	21,142	0
Eum Private Equity Fund No.7
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	7,872	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	7,872	0
Kiwoom Private Equity Ant-Man Startup Venture Specialized Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	5,034	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	5,034	0
Kiwoom Hero No.4 Private Equity Fund
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	4,707	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	4,707	0
Vogo Canister Professional Trust Private Fund I
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	0	0
Investment and Dividend	43,975	0
Equity method income (loss)	0	0
Change in other comprehensive income (loss)	0	0
Impairment loss	0	0
Investments in associates	43,975	0
Others
Changes in investments in associates [Line Items]
Investments in associates at beginning of period		81,490
Investment and Dividend		(14,513)
Equity method income (loss)		18,954
Change in other comprehensive income (loss)		0
Impairment loss		0
Investments in associates		₩ 85,931
Others
Changes in investments in associates [Line Items]
Investments in associates at beginning of period	85,517
Investment and Dividend	25,966
Equity method income (loss)	19,814
Change in other comprehensive income (loss)	(5)
Impairment loss	0
Investments in associates	₩ 131,292

Condensed statement of financia

Condensed statement of financial position and comprehensive income information of associates (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	₩ 605,234,104	₩ 552,419,581
Liabilities	558,877,246	510,489,200
Net profit (loss)	3,498,076	3,642,384	₩ 3,198,265
Other comprehensive income	(173,844)	565,910	51,292
Total comprehensive income	3,324,232	4,208,294	₩ 3,249,557
Associates
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	12,482,512	8,662,468
Liabilities	4,900,566	4,048,306
Operating revenue	1,291,047	543,587
Net profit (loss)	369,387	155,224
Other comprehensive income	(7,213)	23,358
Total comprehensive income	362,174	178,582
BNP Paribas Cardif Life Insurance
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	3,526,148	3,896,875
Liabilities	3,188,562	3,545,682
Operating revenue	38,669	37,067
Net profit (loss)	(6,555)	(3,919)
Other comprehensive income	(7,052)	24,402
Total comprehensive income	(13,607)	20,483
Songrim Partners
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	1,003	0
Liabilities	1,065	0
Operating revenue	548	0
Net profit (loss)	0	0
Other comprehensive income	0	0
Total comprehensive income	0	0
Neoplux Technology Valuation Investment Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	49,890
Liabilities	0	738
Operating revenue	0	3,953
Net profit (loss)	0	(2,078)
Other comprehensive income	0	0
Total comprehensive income	0	(2,078)
Partners 4th Growth Investment Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	48,678	60,775
Liabilities	846	1,106
Operating revenue	7,231	14
Net profit (loss)	6,059	(1,904)
Other comprehensive income	0	0
Total comprehensive income	6,059	(1,904)
KTB Newlake Global Healthcare PEF
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	31,005	37,187
Liabilities	225	151
Operating revenue	598	387
Net profit (loss)	244	(349)
Other comprehensive income	0	0
Total comprehensive income	244	(349)
DAEKWANG SEMICONDUCTOR CO., LTD.
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	23,682	23,507
Liabilities	6,339	7,328
Operating revenue	3,836	1,248
Net profit (loss)	1,163	248
Other comprehensive income	0	9
Total comprehensive income	1,163	257
Shinhan-Neoplux Energy Newbiz Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	44,615	33,791
Liabilities	25	18
Operating revenue	4,221	26
Net profit (loss)	1,749	(1,259)
Other comprehensive income	0	0
Total comprehensive income	1,749	(1,259)
Shinhan-Albatross Tech Investment Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	27,685	17,681
Liabilities	385	182
Operating revenue	982	1,263
Net profit (loss)	594	551
Other comprehensive income	0	(917)
Total comprehensive income	594	(366)
KCLAVIS Meister Fund No.17
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	4,689
Liabilities	0	96
Operating revenue	0	425
Net profit (loss)	0	(322)
Other comprehensive income	0	0
Total comprehensive income	0	(322)
Plutus-SG Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	16,006
Liabilities	0	138
Operating revenue	0	700
Net profit (loss)	0	419
Other comprehensive income	0	0
Total comprehensive income	0	419
Eum Private Equity Fund No.3
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	20	17,243
Liabilities	4	27
Operating revenue	13,445	6,305
Net profit (loss)	9,875	5,604
Other comprehensive income	0	0
Total comprehensive income	9,875	5,604
KTB Confidence Private Placement
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	19,369
Liabilities	0	64
Operating revenue	0	7,328
Net profit (loss)	0	3,122
Other comprehensive income	0	0
Total comprehensive income	0	3,122
Meritz AI-SingA330-A Investment Type Private Placement Special Asset Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	1	17,821
Liabilities	1	1
Operating revenue	89	1,280
Net profit (loss)	89	377
Other comprehensive income	0	0
Total comprehensive income	89	377
Meritz AI-SingA330-B Investment Type Private Placement Special Asset Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	2	44,228
Liabilities	2	2
Operating revenue	363	3,445
Net profit (loss)	361	1,217
Other comprehensive income	0	0
Total comprehensive income	361	1,217
VOGO DEBT STRATEGY QUALIFIED INV PRIVATE R/E INV TR 4
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	43,540	49,683
Liabilities	28	33
Operating revenue	6,361	4,198
Net profit (loss)	2,359	1,391
Other comprehensive income	0	0
Total comprehensive income	2,359	1,391
Shinhan-Midas Donga Secondary Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	9,504	6,973
Liabilities	0	1
Operating revenue	365	88
Net profit (loss)	233	(651)
Other comprehensive income	0	0
Total comprehensive income	233	(651)
ShinHan - Soo Young Entrepreneur Investment Fund No.1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	41,532	18,963
Liabilities	0	9
Operating revenue	16,561	1,656
Net profit (loss)	16,349	113
Other comprehensive income	0	0
Total comprehensive income	16,349	113
Synergy-Shinhan Mezzanine New Technology Investment Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	8,266
Liabilities	0	51
Operating revenue	0	834
Net profit (loss)	0	535
Other comprehensive income	0	0
Total comprehensive income	0	535
Shinhan Praxis K-Growth Global Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	52,890	54,786
Liabilities	183	185
Operating revenue	201	27,588
Net profit (loss)	(2,306)	13,361
Other comprehensive income	0	0
Total comprehensive income	(2,306)	13,361
Credian Healthcare Private Equity Fund II
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	17,141	7,001
Liabilities	15	24
Operating revenue	25,926	1,542
Net profit (loss)	24,638	1,031
Other comprehensive income	0	0
Total comprehensive income	24,638	1,031
Kiwoom Milestone Professional Private Real Estate Trust 19
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	58,393	59,559
Liabilities	38,558	38,744
Operating revenue	2,772	3,100
Net profit (loss)	(449)	470
Other comprehensive income	0	0
Total comprehensive income	(449)	470
AIP EUROGREEN Private Real Estate Investment Trust No.3
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	98,866	98,221
Liabilities	86	86
Operating revenue	6,893	18,362
Net profit (loss)	6,231	7,462
Other comprehensive income	0	0
Total comprehensive income	6,231	7,462
Hanhwa US Equity Strategy Private Real Estate Fund No.1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	5,798	59,652
Liabilities	721	1,750
Operating revenue	32,667	14,838
Net profit (loss)	7,180	3,742
Other comprehensive income	0	0
Total comprehensive income	7,180	3,742
Shinhan Global Healthcare Fund 1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	55	73,388
Liabilities	2,104	701
Operating revenue	1,034	5,480
Net profit (loss)	(74,736)	(1,722)
Other comprehensive income	0	0
Total comprehensive income	(74,736)	(1,722)
JB Power TL Investment Type Private Placement Special Asset Fund 7
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	48,605	50,468
Liabilities	45	66
Operating revenue	23,547	15,476
Net profit (loss)	2,251	2,487
Other comprehensive income	0	0
Total comprehensive income	2,251	2,487
IBK AONE convertible 1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	12,861
Liabilities	0	0
Operating revenue	0	1,515
Net profit (loss)	0	410
Other comprehensive income	0	0
Total comprehensive income	0	410
Rico synergy collabo Multi-Mezzanine 3
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	6,433
Liabilities	0	2
Operating revenue	0	1,296
Net profit (loss)	0	856
Other comprehensive income	0	0
Total comprehensive income	0	856
KB NA Hickory Private Special Asset Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	93,236	96,289
Liabilities	69	476
Operating revenue	13,464	16,132
Net profit (loss)	4,312	2,489
Other comprehensive income	0	0
Total comprehensive income	4,312	2,489
Koramco Europe Core Private Placement Real Estate Fund No.2-2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	46,239	46,742
Liabilities	3,948	2,304
Operating revenue	4,920	9,328
Net profit (loss)	877	5,462
Other comprehensive income	0	0
Total comprehensive income	877	5,462
Shinhan-Stonebridge Petro PEF
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	1,388
Liabilities	0	1,350
Operating revenue	0	52,928
Net profit (loss)	0	49,878
Other comprehensive income	0	0
Total comprehensive income	0	49,878
BNP Paribas Cardif General Insurance
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	85,278	43,064
Liabilities	33,063	21,936
Operating revenue	23,632	17,613
Net profit (loss)	(7,972)	(12,962)
Other comprehensive income	(161)	(136)
Total comprehensive income	(8,133)	(13,098)
Axis Global Growth New Technology Investment Association
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	10,064
Liabilities	0	0
Operating revenue	0	1
Net profit (loss)	0	(244)
Other comprehensive income	0	0
Total comprehensive income	0	(244)
Polaris No7 Start up and Venture Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	8,113
Liabilities	0	52
Operating revenue	0	1,037
Net profit (loss)	0	928
Other comprehensive income	0	0
Total comprehensive income	0	928
Hermes Private Investment Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	20,919	21,954
Liabilities	8	95
Operating revenue	11	45
Net profit (loss)	(948)	(2,366)
Other comprehensive income	0	0
Total comprehensive income	(948)	(2,366)
Shinhan AIM FoF Fund 1a
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	35,060	28,987
Liabilities	20	20
Operating revenue	4,378	5,556
Net profit (loss)	777	2,111
Other comprehensive income	0	0
Total comprehensive income	777	2,111
SHC ULMUS Fund No.1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	10,706
Liabilities	0	0
Operating revenue	0	1,073
Net profit (loss)	0	881
Other comprehensive income	0	0
Total comprehensive income	0	881
Shinhan-Nvestor Liquidity Solution Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	18,032	19,524
Liabilities	0	0
Operating revenue	2,704	209
Net profit (loss)	2,537	(2,101)
Other comprehensive income	0	0
Total comprehensive income	2,537	(2,101)
IGIS Global Credit Fund 150-1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	29,153	38,912
Liabilities	24	38
Operating revenue	10,076	2,674
Net profit (loss)	6,263	166
Other comprehensive income	0	0
Total comprehensive income	6,263	166
GX SHINHAN INTERVEST 1st Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	131,237
Liabilities	0	0
Operating revenue	0	6,689
Net profit (loss)	0	5,283
Other comprehensive income	0	0
Total comprehensive income	0	5,283
Soo Commerce Platform Growth Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	4,661	25,765
Liabilities	3	3
Operating revenue	13,172	36
Net profit (loss)	13,314	(140)
Other comprehensive income	0	0
Total comprehensive income	13,314	(140)
Partner One Value up I Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	42,205	42,602
Liabilities	0	0
Operating revenue	457	457
Net profit (loss)	(329)	(173)
Other comprehensive income	0	0
Total comprehensive income	(329)	(173)
Genesis No.1 Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	382,353	224,322
Liabilities	31,024	7
Operating revenue	158,070	23,180
Net profit (loss)	125,312	21,872
Other comprehensive income	0	0
Total comprehensive income	125,312	21,872
GMB ICT New Technology Investment Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	29,359
Liabilities	0	0
Operating revenue	0	2
Net profit (loss)	0	(298)
Other comprehensive income	0	0
Total comprehensive income	0	(298)
Korea Omega Project Fund III
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	15,141	12,818
Liabilities	0	0
Operating revenue	2,383	4,432
Net profit (loss)	2,323	4,351
Other comprehensive income	0	0
Total comprehensive income	2,323	4,351
Soo Delivery Platform Growth Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	13,563	29,743
Liabilities	3	3
Operating revenue	11,300	675
Net profit (loss)	10,249	367
Other comprehensive income	0	0
Total comprehensive income	10,249	367
Genesis North America Power Company No.1 PEF
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	48,221	46,041
Liabilities	5,727	281
Operating revenue	6,976	4,323
Net profit (loss)	6,449	3,756
Other comprehensive income	0	0
Total comprehensive income	6,449	3,756
Hyungje art printing
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	866
Liabilities	1,130
Operating revenue	253
Net profit (loss)	0
Other comprehensive income	0
Total comprehensive income	0
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	46,514	89,450
Liabilities	1,164	687
Operating revenue	11,240	4,262
Net profit (loss)	2,846	1,546
Other comprehensive income	0	0
Total comprehensive income	2,846	1,546
Shinhan-Rhinos 1 Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	11,561	13,474
Liabilities	1	0
Operating revenue	2,784	143
Net profit (loss)	2,554	129
Other comprehensive income	0	0
Total comprehensive income	2,554	129
Pacific Private Investment Trust No.20
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	13,805	18,764
Liabilities	11	15
Operating revenue	974	1,247
Net profit (loss)	974	1,187
Other comprehensive income	0	0
Total comprehensive income	974	1,187
Susung Mezzanine project P1 Private Investment Trust
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	3,220	10,023
Liabilities	0	351
Operating revenue	3,412	22
Net profit (loss)	(373)	(91)
Other comprehensive income	0	0
Total comprehensive income	(373)	(91)
Korea Finance Security
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	37,522	32,079
Liabilities	17,032	10,386
Operating revenue	118,906	64,964
Net profit (loss)	(1,174)	(1,297)
Other comprehensive income	0	0
Total comprehensive income	(1,174)	(1,297)
Multimedia Tech Co.Ltd
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	593
Liabilities	662
Operating revenue	555
Net profit (loss)	(158)
Other comprehensive income	0
Total comprehensive income	(158)
MIEL CO.,LTD
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	474
Liabilities	559
Operating revenue	585
Net profit (loss)	(169)
Other comprehensive income	0
Total comprehensive income	(169)
AIP Transportation Specialized Privately Placed Fund Trust #1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	92,454	94,437
Liabilities	101	6,042
Operating revenue	17,221	12,473
Net profit (loss)	132	1,242
Other comprehensive income	0	0
Total comprehensive income	132	1,242
Lime Neptune Professional Private 6
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets		10,166
Liabilities		41
Operating revenue		460
Net profit (loss)		125
Other comprehensive income		0
Total comprehensive income		125
DB Epic Convertiblebond Private Trust No.2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	11,382
Liabilities	34
Operating revenue	1,169
Net profit (loss)	1,021
Other comprehensive income	0
Total comprehensive income	1,021
PCC S/W 2nd Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	10,154
Liabilities	0	0
Operating revenue	0	151
Net profit (loss)	0	4
Other comprehensive income	0	0
Total comprehensive income	0	4
E&Healthcare Investment Fund No.6
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	72,023	38,181
Liabilities	0	2
Operating revenue	36,332	4,405
Net profit (loss)	33,844	3,664
Other comprehensive income	0	0
Total comprehensive income	33,844	3,664
One Shinhan Global Fund 1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	22,244	22,244
Liabilities	0	0
Operating revenue	92	92
Net profit (loss)	(406)	(406)
Other comprehensive income	0	0
Total comprehensive income	(406)	(406)
Kiwoom-Shinhan Innovation Fund I
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	32,096	14,719
Liabilities	158	151
Operating revenue	2,984	13
Net profit (loss)	2,371	(432)
Other comprehensive income	0	0
Total comprehensive income	2,371	(432)
Daishin-K&T New Technology Investment Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	55,501	55,686
Liabilities	33,101	33,103
Operating revenue	64	1,292
Net profit (loss)	(183)	183
Other comprehensive income	0	0
Total comprehensive income	(183)	183
Midas Asset Global CRE Debt Private Fund No.6
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	115,240	118,438
Liabilities	118	70
Operating revenue	7,041	3,907
Net profit (loss)	5,153	2,677
Other comprehensive income	0	0
Total comprehensive income	5,153	2,677
Richmond Private Investment Trust No.82
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	49,961	50,079
Liabilities	24,879	24,879
Operating revenue	1,658	1,155
Net profit (loss)	1,306	919
Other comprehensive income	0	0
Total comprehensive income	1,306	919
Tiger Alternative Real Estate Professional Private5
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	38,064	40,792
Liabilities	86	103
Operating revenue	7,827	1,628
Net profit (loss)	113	(116)
Other comprehensive income	0	0
Total comprehensive income	113	(116)
Samchully Midstream Private Placement Special Asset Fund 5-4
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	67,177	71,680
Liabilities	36	55
Operating revenue	8,012	14,423
Net profit (loss)	(2,228)	3,015
Other comprehensive income	0	0
Total comprehensive income	(2,228)	3,015
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	327,973	269,203
Liabilities	56	48
Operating revenue	13,607	8,854
Net profit (loss)	12,656	8,289
Other comprehensive income	0	0
Total comprehensive income	12,656	8,289
AUCTUS FITRIN Corporate Recovery Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	67,222
Liabilities	0	218
Operating revenue	0	1,187
Net profit (loss)	0	449
Other comprehensive income	0	0
Total comprehensive income	0	449
NH-Amundi Global Infrastructure Trust 14
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	62,729	61,696
Liabilities	1	39
Operating revenue	7,216	7,404
Net profit (loss)	2,606	2,427
Other comprehensive income	0	0
Total comprehensive income	2,606	2,427
Pacific Private Real Estate Fund Investment Trust No.30
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	39,779
Liabilities	0	270
Operating revenue	0	1,817
Net profit (loss)	0	1,547
Other comprehensive income	0	0
Total comprehensive income	0	1,547
Jarvis Memorial Private Investment Trust 1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	10,147	10,279
Liabilities	4	12
Operating revenue	651	293
Net profit (loss)	647	281
Other comprehensive income	0	0
Total comprehensive income	647	281
Mastern Private Investment Trust 68
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	18,620	18,600
Liabilities	0	2
Operating revenue	878	533
Net profit (loss)	877	437
Other comprehensive income	0	0
Total comprehensive income	877	437
Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	59,422	7,336
Liabilities	20	7
Operating revenue	6,374	214
Net profit (loss)	1,224	(61)
Other comprehensive income	0	0
Total comprehensive income	1,224	(61)
Milestone Private Real Estate Fund 3 (Derivative Type)
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	57,792	53,610
Liabilities	2	3
Operating revenue	7,083	603
Net profit (loss)	6,797	532
Other comprehensive income	0	0
Total comprehensive income	6,797	532
IGIS Private Real Estate Investment Trust 286 (2 class)
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	74,406	75,372
Liabilities	53,065	51,870
Operating revenue	5,298	2,838
Net profit (loss)	696	(798)
Other comprehensive income	0	0
Total comprehensive income	696	(798)
Nomura-Rifa Private Real Estate Investment Trust 31 (2 class)
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	98,291	99,976
Liabilities	71,442	71,507
Operating revenue	7,584	2,383
Net profit (loss)	1,356	(331)
Other comprehensive income	0	0
Total comprehensive income	1,356	(331)
Lime Pricing Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	32,231
Liabilities	0	118
Operating revenue	0	10
Net profit (loss)	0	(388)
Other comprehensive income	0	0
Total comprehensive income	0	(388)
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	62,682	197,536
Liabilities	45	119
Operating revenue	6,511	12,963
Net profit (loss)	6,169	12,296
Other comprehensive income	0	0
Total comprehensive income	6,169	12,296
DS Solid.II Hedge Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	15,042
Liabilities	0	0
Operating revenue	0	4
Net profit (loss)	0	(605)
Other comprehensive income	0	0
Total comprehensive income	0	(605)
Hana Semiconductor New Technology Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	111,661	52,905
Liabilities	12,346	0
Operating revenue	70,303	73
Net profit (loss)	56,926	(595)
Other comprehensive income	0	0
Total comprehensive income	56,926	(595)
J&Magnet Startup Venture Specialized Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	24,381	24,513
Liabilities	50	0
Operating revenue	8,291	0
Net profit (loss)	8,638	(87)
Other comprehensive income	0	0
Total comprehensive income	8,638	(87)
Cape IT Fund No.3
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	32,448	30,333
Liabilities	75	35
Operating revenue	4,145	0
Net profit (loss)	3,837	(101)
Other comprehensive income	0	0
Total comprehensive income	3,837	(101)
FuturePlay-Shinhan TechInnovation Fund 1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	8,621
Liabilities	31
Operating revenue	5
Net profit (loss)	(469)
Other comprehensive income	0
Total comprehensive income	(469)
Stonebridge Corporate 1st Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	7,342
Liabilities	1
Operating revenue	679
Net profit (loss)	584
Other comprehensive income	0
Total comprehensive income	584
Vogo Realty Partners Private Real Estate Fund V
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	50,139	47,992
Liabilities	99	34
Operating revenue	8,137	281
Net profit (loss)	4,701	(1,084)
Other comprehensive income	0	0
Total comprehensive income	4,701	(1,084)
Korea Credit Bureau
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	114,571	95,764
Liabilities	37,062	20,075
Operating revenue	93,275	66,314
Net profit (loss)	3,992	10,604
Other comprehensive income	0	0
Total comprehensive income	3,992	10,604
Goduck Gangil1 PFV Co., Ltd
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	334,349	0
Liabilities	348,276	0
Operating revenue	0
Net profit (loss)	(10,065)
Other comprehensive income	0
Total comprehensive income	(10,065)
SBC PFV Co., Ltd
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	119,994	120,000
Liabilities	7,199	40,000
Operating revenue	0	0
Net profit (loss)	(7,169)	0
Other comprehensive income	0	0
Total comprehensive income	(7,169)	0
Sprott Global Renewable Private Equity Fund II
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	82,721
Liabilities	0	3
Operating revenue	0	1,416
Net profit (loss)	0	(4,833)
Other comprehensive income	0	0
Total comprehensive income	0	(4,833)
NH-amundi global infra private fund 16
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	87,908	100,513
Liabilities	230	4,197
Operating revenue	20,499	4,128
Net profit (loss)	(6,215)	(2,744)
Other comprehensive income	0	0
Total comprehensive income	(6,215)	(2,744)
IMM Global Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	367,570	90,870
Liabilities	1,368	63
Operating revenue	17,222	0
Net profit (loss)	2,995	(63)
Other comprehensive income	0	0
Total comprehensive income	2,995	(63)
HANA Alternative Estate Professional Private122
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	39,449	34,897
Liabilities	38	45
Operating revenue	6,836	1,561
Net profit (loss)	5,487	(3,035)
Other comprehensive income	0	0
Total comprehensive income	5,487	(3,035)
Hanwha-Incus Plus New Technology Fund No.1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	25,860	12,900
Liabilities	0	1
Operating revenue	13,169	0
Net profit (loss)	12,961	(1)
Other comprehensive income	0	0
Total comprehensive income	12,961	(1)
SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	198,644	127,339
Liabilities	87,218	15,732
Operating revenue	4,479	0
Net profit (loss)	3,329	0
Other comprehensive income	0	0
Total comprehensive income	3,329	0
SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	395,815	402,633
Liabilities	0	141,200
Operating revenue	14,737	10,036
Net profit (loss)	11,688	7,256
Other comprehensive income	0	0
Total comprehensive income	11,688	7,256
PSA EMP Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	33,953	34,535
Liabilities	97	285
Operating revenue	8	1
Net profit (loss)	(393)	(250)
Other comprehensive income	0	0
Total comprehensive income	(393)	(250)
Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	57,026	57,088
Liabilities	784	728
Operating revenue	13,342	2,735
Net profit (loss)	339	2,198
Other comprehensive income	0	0
Total comprehensive income	339	2,198
SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	22,926
Liabilities	0	641
Operating revenue	0	0
Net profit (loss)	0	0
Other comprehensive income	0	0
Total comprehensive income	0	0
SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	23,865
Liabilities	0	1,329
Operating revenue	0	0
Net profit (loss)	0	0
Other comprehensive income	0	0
Total comprehensive income	0	0
BRAIN DO PROFESSIONALE PRIVATE No. 27
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	11,827	10,305
Liabilities	12	10
Operating revenue	1,414	58
Net profit (loss)	1,292	(5)
Other comprehensive income	0	0
Total comprehensive income	1,292	(5)
VISION US Muni US Local Debt Opportunities Professional Private1(S)
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	0	39,175
Liabilities	0	80
Operating revenue	0	1,440
Net profit (loss)	0	1,088
Other comprehensive income	0	0
Total comprehensive income	0	1,088
UI Venture Fund 7th
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	13,466	0
Liabilities	21	0
Operating revenue	2,044	0
Net profit (loss)	1,145	0
Other comprehensive income	0	0
Total comprehensive income	1,145	0
Sparklabs-Shinhan Opportunity Fund 1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	9,760	0
Liabilities	0	0
Operating revenue	0	0
Net profit (loss)	(340)	0
Other comprehensive income	0	0
Total comprehensive income	(340)	0
BNW Tech-Innovation Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	20,119	0
Liabilities	213	0
Operating revenue	45	0
Net profit (loss)	(194)	0
Other comprehensive income	0	0
Total comprehensive income	(194)	0
IGIS Real-estate Private Investment Trust No.33
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	88,319	0
Liabilities	53,812	0
Operating revenue	1,570	0
Net profit (loss)	378	0
Other comprehensive income	0	0
Total comprehensive income	378	0
Findvalue PreIPO 6th Professional Investment Type Private Investment Trust
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	9,505	0
Liabilities	0	0
Operating revenue	5	0
Net profit (loss)	5	0
Other comprehensive income	0	0
Total comprehensive income	5	0
WWG Global Real Estate Investment Trust no.4
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	60,083	0
Liabilities	12	0
Operating revenue	8,431	0
Net profit (loss)	2,971	0
Other comprehensive income	0	0
Total comprehensive income	2,971	0
Fidelis Global Private Real Estate Trust No.2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	24,901	0
Liabilities	2	0
Operating revenue	1,902	0
Net profit (loss)	1,214	0
Other comprehensive income	0	0
Total comprehensive income	1,214	0
IGIS PRIVATE REAL ESTATE TRUST NO.331
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	57,655	0
Liabilities	45,417	0
Operating revenue	20	0
Net profit (loss)	(388)	0
Other comprehensive income	0	0
Total comprehensive income	(388)	0
AIP EURO PRIVATE REAL ESTATE TRUST No. 12
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	173,538	0
Liabilities	783	0
Operating revenue	40,882	0
Net profit (loss)	13,425	0
Other comprehensive income	0	0
Total comprehensive income	13,425	0
Pebblestone CGV Private Real Estate Trust No.1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	63,907	0
Liabilities	36,405	0
Operating revenue	7,451	0
Net profit (loss)	1,141	0
Other comprehensive income	0	0
Total comprehensive income	1,141	0
Shinhan AIM Real Estate Fund No.2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	75,018	0
Liabilities	138	0
Operating revenue	7,611	0
Net profit (loss)	(45,741)	0
Other comprehensive income	0	0
Total comprehensive income	(45,741)	0
Shinhan AIM Real Estate Fund No.1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	223,471	0
Liabilities	28	0
Operating revenue	22,855	0
Net profit (loss)	7,284	0
Other comprehensive income	0	0
Total comprehensive income	7,284	0
SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	149,686	0
Liabilities	75	0
Operating revenue	3,342	0
Net profit (loss)	3,117	0
Other comprehensive income	0	0
Total comprehensive income	3,117	0
SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	71,774	0
Liabilities	169	0
Operating revenue	4,948	0
Net profit (loss)	(3,773)	0
Other comprehensive income	0	0
Total comprehensive income	(3,773)	0
SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD)
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	9,380	0
Liabilities	12	0
Operating revenue	576	0
Net profit (loss)	(814)	0
Other comprehensive income	0	0
Total comprehensive income	(814)	0
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	61,389	0
Liabilities	45,239	0
Operating revenue	47,240	0
Net profit (loss)	(46)	0
Other comprehensive income	0	0
Total comprehensive income	(46)	0
Korea Omega-Shinhan Project Fund I
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	11,861	0
Liabilities	0	0
Operating revenue	0	0
Net profit (loss)	(139)	0
Other comprehensive income	0	0
Total comprehensive income	(139)	0
New Green Shinhan Mezzanine Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	12,538	0
Liabilities	1	0
Operating revenue	2,387	0
Net profit (loss)	2,337	0
Other comprehensive income	0	0
Total comprehensive income	2,337	0
KORAMKO-Daum Professional Private Investment Trust No.12
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	22,740	0
Liabilities	157	0
Operating revenue	1,949	0
Net profit (loss)	1,792	0
Other comprehensive income	0	0
Total comprehensive income	1,792	0
Samsung SRA Real Estate Professional Private 45[FoFs]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	42,895	0
Liabilities	230	0
Operating revenue	4,155	0
Net profit (loss)	(355)	0
Other comprehensive income	0	0
Total comprehensive income	(355)	0
IBK Global New Renewable Energy Special Asset Professional Private2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	116,284	0
Liabilities	4,679	0
Operating revenue	19,514	0
Net profit (loss)	10,943	0
Other comprehensive income	0	0
Total comprehensive income	10,943	0
VS Cornerstone Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	8,413	0
Liabilities	0	0
Operating revenue	2	0
Net profit (loss)	(87)	0
Other comprehensive income	0	0
Total comprehensive income	(87)	0
Aone Mezzanine Opportunity Professional Private
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	14,530	0
Liabilities	40	0
Operating revenue	2,507	0
Net profit (loss)	2,390	0
Other comprehensive income	0	0
Total comprehensive income	2,390	0
KiwoomUnicorn3New Technology Business Investment Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	20,132	0
Liabilities	0	0
Operating revenue	6,112	0
Net profit (loss)	6,031	0
Other comprehensive income	0	0
Total comprehensive income	6,031	0
Multi Asset The United States Thortons Professional Private1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	165,775	0
Liabilities	15	0
Operating revenue	2,111	0
Net profit (loss)	671	0
Other comprehensive income	0	0
Total comprehensive income	671	0
Kiwoom Milestone US Real Estate Professional Private20
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	68,591	0
Liabilities	157	0
Operating revenue	3,508	0
Net profit (loss)	2,286	0
Other comprehensive income	0	0
Total comprehensive income	2,286	0
NH-Amundi US Infrastructure Private Fund2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	99,409	0
Liabilities	1,248	0
Operating revenue	16,758	0
Net profit (loss)	3,025	0
Other comprehensive income	0	0
Total comprehensive income	3,025	0
KB Distribution Private Real Estate1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	50,013	0
Liabilities	500	0
Operating revenue	1,174	0
Net profit (loss)	1,151	0
Other comprehensive income	0	0
Total comprehensive income	1,151	0
SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	71,647	0
Liabilities	54	0
Operating revenue	2,677	0
Net profit (loss)	2,571	0
Other comprehensive income	0	0
Total comprehensive income	2,571	0
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative]
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	97,412	0
Liabilities	248	0
Operating revenue	5,176	0
Net profit (loss)	2,993	0
Other comprehensive income	0	0
Total comprehensive income	2,993	0
Kakao-Shinhan 1st TNYT Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	12,014	0
Liabilities	331	0
Operating revenue	2	0
Net profit (loss)	(657)	0
Other comprehensive income	0	0
Total comprehensive income	(657)	0
IMM Special Situation 1-2 PRIVATE EQUITY FUND
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	54,328	0
Liabilities	33	0
Operating revenue	4,378	0
Net profit (loss)	4,344	0
Other comprehensive income	0	0
Total comprehensive income	4,344	0
Pacific Private Placement Real Estate Fund No.40
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	145,123	0
Liabilities	98,029	0
Operating revenue	2,554	0
Net profit (loss)	1,511	0
Other comprehensive income	0	0
Total comprehensive income	1,511	0
Mastern Private Real Estate Loan Fund No.2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	17,156	0
Liabilities	201	0
Operating revenue	98	0
Net profit (loss)	(143)	0
Other comprehensive income	0	0
Total comprehensive income	(143)	0
LB Scotland Amazon Fulfillment Center Fund 29
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	44,483	0
Liabilities	28	0
Operating revenue	1,975	0
Net profit (loss)	612	0
Other comprehensive income	0	0
Total comprehensive income	612	0
JR AMC Hungary Budapest Office Fund 16
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	38,581	0
Liabilities	1,112	0
Operating revenue	2,531	0
Net profit (loss)	2,531	0
Other comprehensive income	0	0
Total comprehensive income	2,531	0
IGIS 372 Real Estate Professional Private
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	628,769	0
Liabilities	428,577	0
Operating revenue	10,221	0
Net profit (loss)	(4,808)	0
Other comprehensive income	0	0
Total comprehensive income	(4,808)	0
KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	18,460	0
Liabilities	2,824	0
Operating revenue	1,673	0
Net profit (loss)	240	0
Other comprehensive income	0	0
Total comprehensive income	240	0
Future-Creation Neoplux Venture Capital Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	27,271	0
Liabilities	4,137	0
Operating revenue	7,270	0
Net profit (loss)	4,300	0
Other comprehensive income	0	0
Total comprehensive income	4,300	0
Gyeonggi-Neoplux Superman Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	31,898	0
Liabilities	186	0
Operating revenue	533	0
Net profit (loss)	(212)	0
Other comprehensive income	0	0
Total comprehensive income	(212)	0
NewWave 6th Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	20,501	0
Liabilities	0	0
Operating revenue	2,757	0
Net profit (loss)	1,528	0
Other comprehensive income	0	0
Total comprehensive income	1,528	0
Neoplux No.3 Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	103,712	0
Liabilities	756	0
Operating revenue	9,114	0
Net profit (loss)	(7,108)	0
Other comprehensive income	0	0
Total comprehensive income	(7,108)	0
PCC Amberstone Private Equity Fund I
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	104,930	0
Liabilities	1,194	0
Operating revenue	12,280	0
Net profit (loss)	5,501	0
Other comprehensive income	0	0
Total comprehensive income	5,501	0
KIAMCO POWERLOAN TRUST 4TH
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	92,817	0
Liabilities	23	0
Operating revenue	815	0
Net profit (loss)	1,193	0
Other comprehensive income	0	0
Total comprehensive income	1,193	0
Mastern Opportunity Seeking Real Estate Fund II
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	99,087	0
Liabilities	93	0
Operating revenue	1,391	0
Net profit (loss)	1,453	0
Other comprehensive income	0	0
Total comprehensive income	1,453	0
AION ELFIS PROFESSIONAL PRIVATE 1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	27,672	0
Liabilities	30	0
Operating revenue	2,710	0
Net profit (loss)	2,642	0
Other comprehensive income	0	0
Total comprehensive income	2,642	0
T&F 2020 SS Private Equity Fund Specializing in Start-up and Venture Business
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	15,074	0
Liabilities	73	0
Operating revenue	0	0
Net profit (loss)	(160)	0
Other comprehensive income	0	0
Total comprehensive income	(160)	0
Neoplux Market-Frontier Secondary Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	56,363	0
Liabilities	1,636	0
Operating revenue	1,359	0
Net profit (loss)	(339)	0
Other comprehensive income	0	0
Total comprehensive income	(339)	0
Synergy Green New Deal 1st New Technology Business Investment Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	35,539	0
Liabilities	12	0
Operating revenue	39	0
Net profit (loss)	27	0
Other comprehensive income	0	0
Total comprehensive income	27	0
KAIM Real-estate Private Investment Trust 20
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	13,254	0
Liabilities	0	0
Operating revenue	254	0
Net profit (loss)	254	0
Other comprehensive income	0	0
Total comprehensive income	254	0
KIAMCO Vietnam Solar Special Asset Private Investment Trust
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	15,902	0
Liabilities	6	0
Operating revenue	0	0
Net profit (loss)	(404)	0
Other comprehensive income	0	0
Total comprehensive income	(404)	0
CSQUARE SNIPER PROFESSIONAL PRIVATE 10
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	5,010	0
Liabilities	10	0
Operating revenue	10	0
Net profit (loss)	0	0
Other comprehensive income	0	0
Total comprehensive income	0	0
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	45,582	0
Liabilities	9	0
Operating revenue	0	0
Net profit (loss)	(9)	0
Other comprehensive income	0	0
Total comprehensive income	(9)	0
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	45,582	0
Liabilities	9	0
Operating revenue	0	0
Net profit (loss)	(9)	0
Other comprehensive income	0	0
Total comprehensive income	(9)	0
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	141,811	0
Liabilities	93,336	0
Operating revenue	1	0
Net profit (loss)	1,290	0
Other comprehensive income	0	0
Total comprehensive income	1,290	0
IGIS Professional Investors Private Investment Real Estate Investment LLC No.395
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	116,853	0
Liabilities	66,459	0
Operating revenue	0	0
Net profit (loss)	(605)	0
Other comprehensive income	0	0
Total comprehensive income	(605)	0
SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	70,487	0
Liabilities	14	0
Operating revenue	194	0
Net profit (loss)	180	0
Other comprehensive income	0	0
Total comprehensive income	180	0
Kiwoom Private Equity Ant-Man Startup Venture Specialized Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	20,174	0
Liabilities	40	0
Operating revenue	4,210	0
Net profit (loss)	4,134	0
Other comprehensive income	0	0
Total comprehensive income	4,134	0
Kiwoom Hero No.4 Private Equity Fund
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	22,359	0
Liabilities	1	0
Operating revenue	0	0
Net profit (loss)	3,358	0
Other comprehensive income	0	0
Total comprehensive income	3,358	0
Vogo Canister Professional Trust Private Fund I
Condensed statement of financial position and comprehensive income information of associates [Line Items]
Assets	119,968	0
Liabilities	76	0
Operating revenue	17,022	0
Net profit (loss)	4,148	0
Other comprehensive income	0	0
Total comprehensive income	₩ 4,148	₩ 0

Reconciliation of the financial

Reconciliation of the financial information to the carrying value of its interests in the associates (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 8,101,037	₩ 4,951,196
Interests in the net assets (A*B)	2,657,250	1,452,541
Intra-group transactions	(32)	(79)
Other reconciliations	550	399
Investments in associates	2,657,768	1,452,861	₩ 671,330
BNP Paribas Cardif Life Insurance
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 337,586	₩ 351,193
Proportion of ownership interest in associate (B)	14.99%	14.99%
Interests in the net assets (A*B)	₩ 50,632	₩ 52,665
Intra-group transactions	(32)	(79)
Other reconciliations	0	0
Investments in associates	50,600	52,586
Songrim Partners
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ (62)	₩ (62)
Proportion of ownership interest in associate (B)	35.34%	35.34%
Interests in the net assets (A*B)	₩ (22)	₩ (22)
Intra-group transactions	0	0
Other reconciliations	22	22
Investments in associates	0	0
Neoplux Technology Valuation Investment Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 49,152
Proportion of ownership interest in associate (B)	0.00%	33.33%
Interests in the net assets (A*B)	₩ 0	₩ 16,384
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	16,384
Partners 4th Growth Investment Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 47,832	₩ 59,669
Proportion of ownership interest in associate (B)	25.00%	25.00%
Interests in the net assets (A*B)	₩ 11,958	₩ 14,917
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	11,958	14,917
KTB Newlake Global Healthcare PEF
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 30,780	₩ 37,036
Proportion of ownership interest in associate (B)	30.00%	30.00%
Interests in the net assets (A*B)	₩ 9,234	₩ 11,110
Intra-group transactions	0	0
Other reconciliations	170	170
Investments in associates	9,404	11,280
DAEKWANG SEMICONDUCTOR CO., LTD.
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 17,343	₩ 16,179
Proportion of ownership interest in associate (B)	20.94%	20.94%
Interests in the net assets (A*B)	₩ 3,631	₩ 3,388
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,631	3,388
Shinhan-Neoplux Energy Newbiz Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 44,590	₩ 33,773
Proportion of ownership interest in associate (B)	31.66%	23.33%
Interests in the net assets (A*B)	₩ 14,470	₩ 7,880
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	14,470	7,880
Shinhan-Albatross Tech Investment Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 27,300	₩ 17,499
Proportion of ownership interest in associate (B)	49.97%	50.00%
Interests in the net assets (A*B)	₩ 13,322	₩ 8,734
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	13,322	8,734
KCLAVIS Meister Fund No.17
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 4,593
Proportion of ownership interest in associate (B)	0.00%	26.09%
Interests in the net assets (A*B)	₩ 0	₩ 1,198
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	1,198
Plutus-SG Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 15,868
Proportion of ownership interest in associate (B)	0.00%	26.67%
Interests in the net assets (A*B)	₩ 0	₩ 4,231
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	4,231
Eum Private Equity Fund No.3
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 16	₩ 17,216
Proportion of ownership interest in associate (B)	20.76%	20.76%
Interests in the net assets (A*B)	₩ 3	₩ 3,574
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3	3,574
KTB Confidence Private Placement
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 19,305
Proportion of ownership interest in associate (B)	0.00%	31.43%
Interests in the net assets (A*B)	₩ 0	₩ 6,067
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	6,067
Meritz AI-SingA330-A Investment Type Private Placement Special Asset Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 17,820
Proportion of ownership interest in associate (B)	23.89%	23.89%
Interests in the net assets (A*B)	₩ 0	₩ 4,256
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	4,256
Meritz AI-SingA330-B Investment Type Private Placement Special Asset Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 44,226
Proportion of ownership interest in associate (B)	20.16%	20.16%
Interests in the net assets (A*B)	₩ 0	₩ 8,916
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	8,916
VOGO DEBT STRATEGY QUALIFIED INV PRIVATE R/E INV TR 4
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 43,512	₩ 49,650
Proportion of ownership interest in associate (B)	20.00%	20.00%
Interests in the net assets (A*B)	₩ 8,702	₩ 9,930
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	8,702	9,930
Shinhan-Midas Donga Secondary Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 9,504	₩ 6,972
Proportion of ownership interest in associate (B)	50.00%	50.00%
Interests in the net assets (A*B)	₩ 4,752	₩ 3,486
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,752	3,486
ShinHan - Soo Young Entrepreneur Investment Fund No.1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 41,532	₩ 18,954
Proportion of ownership interest in associate (B)	24.00%	24.00%
Interests in the net assets (A*B)	₩ 9,968	₩ 4,549
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	9,968	4,549
Synergy-Shinhan Mezzanine New Technology Investment Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 8,215
Proportion of ownership interest in associate (B)	0.00%	47.62%
Interests in the net assets (A*B)	₩ 0	₩ 3,912
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	3,912
Shinhan Praxis K-Growth Global Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 52,707	₩ 54,601
Proportion of ownership interest in associate (B)	18.87%	18.87%
Interests in the net assets (A*B)	₩ 9,945	₩ 10,302
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	9,945	10,302
Credian Healthcare Private Equity Fund II
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 17,126	₩ 6,977
Proportion of ownership interest in associate (B)	34.07%	34.07%
Interests in the net assets (A*B)	₩ 5,835	₩ 2,377
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,835	2,377
Kiwoom Milestone Professional Private Real Estate Trust 19
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 19,835	₩ 20,816
Proportion of ownership interest in associate (B)	50.00%	50.00%
Interests in the net assets (A*B)	₩ 9,918	₩ 10,407
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	9,918	10,407
AIP EUROGREEN Private Real Estate Investment Trust No.3
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 98,780	₩ 98,135
Proportion of ownership interest in associate (B)	21.28%	21.28%
Interests in the net assets (A*B)	₩ 21,021	₩ 20,884
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	21,021	20,884
Hanhwa US Equity Strategy Private Real Estate Fund No.1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 5,077	₩ 57,901
Proportion of ownership interest in associate (B)	44.84%	44.84%
Interests in the net assets (A*B)	₩ 2,277	₩ 25,964
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	2,277	25,964
Shinhan Global Healthcare Fund 1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ (2,049)	₩ 72,687
Proportion of ownership interest in associate (B)	4.41%	4.41%
Interests in the net assets (A*B)	₩ (90)	₩ 3,209
Intra-group transactions	0	0
Other reconciliations	90	0
Investments in associates	0	3,209
JB Power TL Investment Type Private Placement Special Asset Fund 7
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 48,560	₩ 50,402
Proportion of ownership interest in associate (B)	33.33%	33.33%
Interests in the net assets (A*B)	₩ 16,186	₩ 16,800
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	16,186	16,800
IBK AONE convertible 1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 12,861
Proportion of ownership interest in associate (B)	0.00%	47.25%
Interests in the net assets (A*B)	₩ 0	₩ 6,077
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	6,077
Rico synergy collabo Multi-Mezzanine 3
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 6,431
Proportion of ownership interest in associate (B)	0.00%	50.03%
Interests in the net assets (A*B)	₩ 0	₩ 3,217
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	3,217
KB NA Hickory Private Special Asset Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 93,167	₩ 95,813
Proportion of ownership interest in associate (B)	37.50%	37.50%
Interests in the net assets (A*B)	₩ 34,938	₩ 35,930
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	34,938	35,930
Koramco Europe Core Private Placement Real Estate Fund No.2-2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 42,291	₩ 44,438
Proportion of ownership interest in associate (B)	44.02%	44.02%
Interests in the net assets (A*B)	₩ 18,618	₩ 19,562
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	18,618	19,562
Shinhan-Stonebridge Petro PEF
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 38
Proportion of ownership interest in associate (B)	0.00%	1.82%
Interests in the net assets (A*B)	₩ 0	₩ 1
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	1
BNP Paribas Cardif General Insurance
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 52,215	₩ 21,128
Proportion of ownership interest in associate (B)	7.46%	10.00%
Interests in the net assets (A*B)	₩ 3,895	₩ 2,113
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,895	2,113
Axis Global Growth New Technology Investment Association
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 10,064
Proportion of ownership interest in associate (B)	0.00%	31.85%
Interests in the net assets (A*B)	₩ 0	₩ 3,205
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	3,205
Polaris No7 Start up and Venture Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 8,061
Proportion of ownership interest in associate (B)	0.00%	28.57%
Interests in the net assets (A*B)	₩ 0	₩ 2,303
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	2,303
Hermes Private Investment Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 20,911	₩ 21,859
Proportion of ownership interest in associate (B)	29.17%	29.17%
Interests in the net assets (A*B)	₩ 6,099	₩ 6,376
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	6,099	6,376
SHC ULMUS Fund No.1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 10,706
Proportion of ownership interest in associate (B)	0.00%	29.41%
Interests in the net assets (A*B)	₩ 0	₩ 3,149
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	3,149
Shinhan-Nvestor Liquidity Solution Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 18,032	₩ 19,524
Proportion of ownership interest in associate (B)	24.92%	24.92%
Interests in the net assets (A*B)	₩ 4,493	₩ 4,865
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,493	4,865
Shinhan AIM FoF Fund 1a
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 35,040	₩ 28,967
Proportion of ownership interest in associate (B)	25.00%	25.00%
Interests in the net assets (A*B)	₩ 8,760	₩ 7,242
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	8,760	7,242
IGIS Global Credit Fund 150-1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 29,129	₩ 38,874
Proportion of ownership interest in associate (B)	25.00%	25.00%
Interests in the net assets (A*B)	₩ 7,282	₩ 9,718
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	7,282	9,718
GX SHINHAN INTERVEST 1st Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 131,237
Proportion of ownership interest in associate (B)	0.00%	25.27%
Interests in the net assets (A*B)	₩ 0	₩ 33,166
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	33,166
Soo Commerce Platform Growth Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 4,658	₩ 25,762
Proportion of ownership interest in associate (B)	24.62%	24.62%
Interests in the net assets (A*B)	₩ 1,147	₩ 6,343
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	1,147	6,343
Partner One Value up I Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 42,205	₩ 42,602
Proportion of ownership interest in associate (B)	27.91%	27.91%
Interests in the net assets (A*B)	₩ 11,779	₩ 11,891
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	11,779	11,891
Genesis No.1 Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 351,329	₩ 224,315
Proportion of ownership interest in associate (B)	22.80%	22.80%
Interests in the net assets (A*B)	₩ 80,113	₩ 51,150
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	80,113	51,150
GMB ICT New Technology Investment Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 29,359
Proportion of ownership interest in associate (B)	0.00%	26.75%
Interests in the net assets (A*B)	₩ 0	₩ 7,854
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	7,854
Korea Omega Project Fund III
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 15,141	₩ 12,818
Proportion of ownership interest in associate (B)	23.53%	23.53%
Interests in the net assets (A*B)	₩ 3,563	₩ 3,016
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,563	3,016
Soo Delivery Platform Growth Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 13,560	₩ 29,740
Proportion of ownership interest in associate (B)	30.00%	30.00%
Interests in the net assets (A*B)	₩ 4,068	₩ 8,922
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,068	8,922
Genesis North America Power Company No.1 PEF
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 42,494	₩ 45,759
Proportion of ownership interest in associate (B)	39.96%	39.92%
Interests in the net assets (A*B)	₩ 16,983	₩ 18,275
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	16,983	18,275
Hyungje art printing
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ (264)	₩ (264)
Proportion of ownership interest in associate (B)	31.54%	31.54%
Interests in the net assets (A*B)	₩ (83)	₩ (83)
Intra-group transactions	0	0
Other reconciliations	83	83
Investments in associates	0	0
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 45,350	₩ 88,763
Proportion of ownership interest in associate (B)	23.33%	23.33%
Interests in the net assets (A*B)	₩ 10,582	₩ 20,712
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,582	20,712
Shinhan-Rhinos 1 Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 11,560	₩ 13,474
Proportion of ownership interest in associate (B)	22.48%	22.48%
Interests in the net assets (A*B)	₩ 2,599	₩ 3,029
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	2,599	3,029
Pacific Private Investment Trust No.20
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 13,794	₩ 18,749
Proportion of ownership interest in associate (B)	21.74%	21.74%
Interests in the net assets (A*B)	₩ 2,999	₩ 4,076
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	2,999	4,076
Susung Mezzanine project P1 Private Investment Trust
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 3,220	₩ 9,672
Proportion of ownership interest in associate (B)	41.31%	41.18%
Interests in the net assets (A*B)	₩ 1,345	₩ 5,128
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	1,345	5,128
Korea Finance Security
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 20,490	₩ 21,693
Proportion of ownership interest in associate (B)	14.91%	14.91%
Interests in the net assets (A*B)	₩ 3,055	₩ 3,235
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,055	3,235
Multimedia Tech Co.Ltd
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ (69)	₩ 0
Proportion of ownership interest in associate (B)	21.06%	21.06%
Interests in the net assets (A*B)	₩ (15)	₩ 0
Intra-group transactions	0	0
Other reconciliations	15	0
Investments in associates	0	0
MIEL CO.,LTD
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ (85)	₩ (119)
Proportion of ownership interest in associate (B)	28.77%	28.77%
Interests in the net assets (A*B)	₩ (25)	₩ (34)
Intra-group transactions	0	0
Other reconciliations	25	34
Investments in associates	0	0
AIP Transportation Specialized Privately Placed Fund Trust #1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 92,353	₩ 88,395
Proportion of ownership interest in associate (B)	35.73%	35.73%
Interests in the net assets (A*B)	₩ 32,993	₩ 31,580
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	32,993	31,580
PCC S/W 2nd Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 10,154
Proportion of ownership interest in associate (B)	0.00%	29.56%
Interests in the net assets (A*B)	₩ 0	₩ 3,001
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	3,001
DB Epic Convertiblebond Private Trust No.2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 11,348	₩ 10,125
Proportion of ownership interest in associate (B)	50.98%	50.00%
Interests in the net assets (A*B)	₩ 5,785	₩ 5,063
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,785	5,063
E&Healthcare Investment Fund No.6
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 72,023	₩ 38,179
Proportion of ownership interest in associate (B)	21.05%	20.37%
Interests in the net assets (A*B)	₩ 15,163	₩ 7,776
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	15,163	7,776
One Shinhan Global Fund 1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 22,244	₩ 22,244
Proportion of ownership interest in associate (B)	19.96%	19.98%
Interests in the net assets (A*B)	₩ 4,029	₩ 4,441
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,029	4,441
Kiwoom-Shinhan Innovation Fund I
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 31,938	₩ 14,568
Proportion of ownership interest in associate (B)	50.00%	50.00%
Interests in the net assets (A*B)	₩ 15,969	₩ 7,284
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	15,969	7,284
Daishin-K&T New Technology Investment Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 22,400	₩ 22,583
Proportion of ownership interest in associate (B)	31.25%	31.25%
Interests in the net assets (A*B)	₩ 7,000	₩ 7,057
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	7,000	7,057
Midas Asset Global CRE Debt Private Fund No.6
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 115,122	₩ 118,368
Proportion of ownership interest in associate (B)	41.16%	20.05%
Interests in the net assets (A*B)	₩ 47,389	₩ 23,731
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	47,389	23,731
Richmond Private Investment Trust No.82
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 25,082	₩ 25,200
Proportion of ownership interest in associate (B)	60.00%	60.00%
Interests in the net assets (A*B)	₩ 15,049	₩ 15,120
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	15,049	15,120
Tiger Alternative Real Estate Professional Private5
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 37,978	₩ 40,689
Proportion of ownership interest in associate (B)	48.71%	48.71%
Interests in the net assets (A*B)	₩ 18,499	₩ 19,820
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	18,499	19,820
Samchully Midstream Private Placement Special Asset Fund 5-4
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 67,141	₩ 71,625
Proportion of ownership interest in associate (B)	42.92%	42.92%
Interests in the net assets (A*B)	₩ 28,818	₩ 30,742
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	28,818	30,742
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.3
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 327,917	₩ 269,155
Proportion of ownership interest in associate (B)	20.00%	20.00%
Interests in the net assets (A*B)	₩ 65,616	₩ 53,831
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	65,616	53,831
AUCTUS FITRIN Corporate Recovery Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 67,004
Proportion of ownership interest in associate (B)	0.00%	21.43%
Interests in the net assets (A*B)	₩ 0	₩ 14,358
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	14,358
NH-Amundi Global Infrastructure Trust 14
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 62,728	₩ 61,657
Proportion of ownership interest in associate (B)	30.00%	30.00%
Interests in the net assets (A*B)	₩ 18,819	₩ 18,497
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	18,819	18,497
Pacific Private Real Estate Fund Investment Trust No.30
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 39,509
Proportion of ownership interest in associate (B)	0.00%	37.50%
Interests in the net assets (A*B)	₩ 0	₩ 14,816
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	14,816
Jarvis Memorial Private Investment Trust 1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 10,143	₩ 10,267
Proportion of ownership interest in associate (B)	99.01%	99.01%
Interests in the net assets (A*B)	₩ 10,043	₩ 10,166
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,043	10,166
Mastern Private Investment Trust 68
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 18,620	₩ 18,598
Proportion of ownership interest in associate (B)	53.76%	53.76%
Interests in the net assets (A*B)	₩ 10,010	₩ 9,999
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,010	9,999
Vestas Qualified Investors Private Real Estate Fund Investment Trust No.37
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 59,402	₩ 7,329
Proportion of ownership interest in associate (B)	60.00%	60.00%
Interests in the net assets (A*B)	₩ 35,641	₩ 4,397
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	35,641	4,397
Milestone Private Real Estate Fund 3 (Derivative Type)
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 57,790	₩ 53,608
Proportion of ownership interest in associate (B)	32.06%	32.06%
Interests in the net assets (A*B)	₩ 18,528	₩ 17,186
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	18,528	17,186
IGIS Private Real Estate Investment Trust 286 (2 class)
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 21,341	₩ 23,502
Proportion of ownership interest in associate (B)	41.44%	41.56%
Interests in the net assets (A*B)	₩ 8,844	₩ 9,768
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	8,844	9,768
Nomura-Rifa Private Real Estate Investment Trust 31 (2 class)
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 26,849	₩ 28,469
Proportion of ownership interest in associate (B)	31.31%	31.31%
Interests in the net assets (A*B)	₩ 8,407	₩ 8,914
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	8,407	8,914
Lime Pricing Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 32,113
Proportion of ownership interest in associate (B)	0.00%	25.85%
Interests in the net assets (A*B)	₩ 0	₩ 8,300
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	8,300
SHBNPP Senior Loan Professional Investment Type Private Mixed Asset Investment Trust No.2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 62,637	₩ 197,417
Proportion of ownership interest in associate (B)	21.27%	21.27%
Interests in the net assets (A*B)	₩ 13,323	₩ 41,991
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	13,323	41,991
DS Solid.II Hedge Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 15,042
Proportion of ownership interest in associate (B)	0.00%	27.41%
Interests in the net assets (A*B)	₩ 0	₩ 4,123
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	4,123
Hana Semiconductor New Technology Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 99,315	₩ 52,905
Proportion of ownership interest in associate (B)	24.30%	24.30%
Interests in the net assets (A*B)	₩ 24,131	₩ 12,856
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	24,131	12,856
J&Magnet Startup Venture Specialized Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 24,331	₩ 24,513
Proportion of ownership interest in associate (B)	24.39%	24.39%
Interests in the net assets (A*B)	₩ 5,935	₩ 5,979
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,935	5,979
Cape IT Fund No.3
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 32,373	₩ 30,298
Proportion of ownership interest in associate (B)	32.89%	32.89%
Interests in the net assets (A*B)	₩ 10,649	₩ 9,967
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,649	9,967
FuturePlay-Shinhan TechInnovation Fund 1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 8,590	₩ 0
Proportion of ownership interest in associate (B)	50.00%	50.00%
Interests in the net assets (A*B)	₩ 4,295	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,295	0
Stonebridge Corporate 1st Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 7,341	₩ 0
Proportion of ownership interest in associate (B)	44.12%	44.12%
Interests in the net assets (A*B)	₩ 3,239	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,239	0
Vogo Realty Partners Private Real Estate Fund V
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 50,040	₩ 47,958
Proportion of ownership interest in associate (B)	21.64%	21.64%
Interests in the net assets (A*B)	₩ 10,827	₩ 10,376
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,827	10,376
IL GU FARM CO.,LTD
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ (316)
Proportion of ownership interest in associate (B)	0.00%	28.47%
Interests in the net assets (A*B)	₩ 0	₩ (90)
Intra-group transactions	0	0
Other reconciliations	0	90
Investments in associates	0	0
Korea Credit Bureau
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 77,509	₩ 75,689
Proportion of ownership interest in associate (B)	9.00%	9.00%
Interests in the net assets (A*B)	₩ 6,976	₩ 6,812
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	6,976	6,812
Goduck Gangil1 PFV Co., Ltd
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ (13,927)	₩ 0
Proportion of ownership interest in associate (B)	1.04%	1.04%
Interests in the net assets (A*B)	₩ (145)	₩ 0
Intra-group transactions	0	0
Other reconciliations	145	0
Investments in associates	0	0
SBC PFV Co., Ltd
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 112,795	₩ 80,000
Proportion of ownership interest in associate (B)	25.00%	25.00%
Interests in the net assets (A*B)	₩ 18,208	₩ 20,000
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	18,208	20,000
Sprott Global Renewable Private Equity Fund II
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 82,718
Proportion of ownership interest in associate (B)	0.00%	23.10%
Interests in the net assets (A*B)	₩ 0	₩ 19,016
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	19,016
NH-amundi global infra private fund 16
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 87,678	₩ 96,316
Proportion of ownership interest in associate (B)	50.00%	50.00%
Interests in the net assets (A*B)	₩ 43,839	₩ 48,158
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	43,839	48,158
IMM Global Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 366,202	₩ 90,807
Proportion of ownership interest in associate (B)	33.00%	31.85%
Interests in the net assets (A*B)	₩ 120,855	₩ 28,925
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	120,855	28,925
HANA Alternative Estate Professional Private122
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 39,411	₩ 34,853
Proportion of ownership interest in associate (B)	75.19%	75.19%
Interests in the net assets (A*B)	₩ 29,631	₩ 26,205
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	29,631	26,205
Hanwha-Incus Plus New Technology Fund No.1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 25,860	₩ 12,899
Proportion of ownership interest in associate (B)	42.64%	42.64%
Interests in the net assets (A*B)	₩ 11,026	₩ 5,499
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	11,026	5,499
SHBNPP Corporate Professional Investment Type Private Security Investment Trust No.7[Bond]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 111,426	₩ 111,607
Proportion of ownership interest in associate (B)	45.96%	45.96%
Interests in the net assets (A*B)	₩ 51,210	₩ 51,293
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	51,210	51,293
SHBNPP BNCT Professional Investment Type Private Special Asset Investment Trust
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 395,815	₩ 261,433
Proportion of ownership interest in associate (B)	72.39%	57.50%
Interests in the net assets (A*B)	₩ 286,531	₩ 150,317
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	286,531	150,317
PSA EMP Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 33,856	₩ 34,250
Proportion of ownership interest in associate (B)	28.99%	28.99%
Interests in the net assets (A*B)	₩ 9,814	₩ 9,927
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	9,814	9,927
Deutsche Global Professional Investment Type Private Real Estate Investment Trust No. 24
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 56,242	₩ 56,360
Proportion of ownership interest in associate (B)	52.28%	52.28%
Interests in the net assets (A*B)	₩ 29,401	₩ 29,463
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	29,401	29,463
SHBNPP Peace of Mind TDF 2035 Security Investment Trust [Equity Balanced-FoF]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 22,285
Proportion of ownership interest in associate (B)	0.00%	25.70%
Interests in the net assets (A*B)	₩ 0	₩ 5,727
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	5,727
SHBNPP Peace of Mind TDF 2040 Security Investment Trust [Equity Balanced-FoF]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 22,536
Proportion of ownership interest in associate (B)	0.00%	25.42%
Interests in the net assets (A*B)	₩ 0	₩ 5,729
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	5,729
BRAIN DO PROFESSIONALE PRIVATE No. 27
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 11,815	₩ 10,295
Proportion of ownership interest in associate (B)	29.13%	29.13%
Interests in the net assets (A*B)	₩ 3,441	₩ 3,065
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,441	3,065
VISION US Muni US Local Debt Opportunities Professional Private1(S)
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 0	₩ 39,095
Proportion of ownership interest in associate (B)	0.00%	25.00%
Interests in the net assets (A*B)	₩ 0	₩ 9,869
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	0	9,869
UI Venture Fund 7th
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 13,445	₩ 0
Proportion of ownership interest in associate (B)	24.39%	0.00%
Interests in the net assets (A*B)	₩ 3,279	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,279	0
Sparklabs-Shinhan Opportunity Fund 1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 9,760	₩ 0
Proportion of ownership interest in associate (B)	49.50%	0.00%
Interests in the net assets (A*B)	₩ 4,832	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,832	0
BNW Tech-Innovation Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 19,906	₩ 0
Proportion of ownership interest in associate (B)	29.85%	0.00%
Interests in the net assets (A*B)	₩ 5,942	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,942	0
IGIS Real-estate Private Investment Trust No.33
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 34,507	₩ 0
Proportion of ownership interest in associate (B)	40.86%	0.00%
Interests in the net assets (A*B)	₩ 14,099	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	14,099	0
Findvalue PreIPO 6th Professional Investment Type Private Investment Trust
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 9,505	₩ 0
Proportion of ownership interest in associate (B)	31.58%	0.00%
Interests in the net assets (A*B)	₩ 3,002	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,002	0
WWG Global Real Estate Investment Trust no.4
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 60,071	₩ 0
Proportion of ownership interest in associate (B)	29.55%	0.00%
Interests in the net assets (A*B)	₩ 17,752	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	17,752	0
Fidelis Global Private Real Estate Trust No.2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 24,899	₩ 0
Proportion of ownership interest in associate (B)	78.26%	0.00%
Interests in the net assets (A*B)	₩ 19,485	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	19,485	0
IGIS PRIVATE REAL ESTATE TRUST NO.331
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 12,238	₩ 0
Proportion of ownership interest in associate (B)	30.77%	0.00%
Interests in the net assets (A*B)	₩ 3,765	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,765	0
AIP EURO PRIVATE REAL ESTATE TRUST No. 12
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 172,755	₩ 0
Proportion of ownership interest in associate (B)	28.70%	0.00%
Interests in the net assets (A*B)	₩ 48,344	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	48,344	0
Pebblestone CGV Private Real Estate Trust No.1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 27,502	₩ 0
Proportion of ownership interest in associate (B)	48.53%	0.00%
Interests in the net assets (A*B)	₩ 13,346	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	13,346	0
Shinhan AIM Real Estate Fund No.2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 74,880	₩ 0
Proportion of ownership interest in associate (B)	30.00%	0.00%
Interests in the net assets (A*B)	₩ 22,464	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	22,464	0
Shinhan AIM Real Estate Fund No.1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 223,443	₩ 0
Proportion of ownership interest in associate (B)	21.01%	0.00%
Interests in the net assets (A*B)	₩ 46,945	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	46,945	0
SHBNPP Daegu Green Power Cogeneration System Professional Investment Type Private Special Asset Investment Trust [Infra business]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 149,611	₩ 0
Proportion of ownership interest in associate (B)	22.02%	0.00%
Interests in the net assets (A*B)	₩ 32,944	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	32,944	0
SHBNPP Sangju YC Expressway Professional Investment Type Private Special Asset Investment Trust [Infra business]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 71,605	₩ 0
Proportion of ownership interest in associate (B)	29.19%	0.00%
Interests in the net assets (A*B)	₩ 20,902	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	20,902	0
SHBNPP Global Infrastructure Professional Investment Type Private Special Asset Investment Trust No.7-2(USD)
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 9,368	₩ 0
Proportion of ownership interest in associate (B)	71.43%	0.00%
Interests in the net assets (A*B)	₩ 6,692	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	6,692	0
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No. 1 [Equity securities-Derivative]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 16,150	₩ 0
Proportion of ownership interest in associate (B)	30.00%	0.00%
Interests in the net assets (A*B)	₩ 4,845	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,845	0
Korea Omega-Shinhan Project Fund I
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 11,861	₩ 0
Proportion of ownership interest in associate (B)	50.00%	0.00%
Interests in the net assets (A*B)	₩ 5,931	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,931	0
New Green Shinhan Mezzanine Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 12,537	₩ 0
Proportion of ownership interest in associate (B)	39.22%	0.00%
Interests in the net assets (A*B)	₩ 4,916	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,916	0
KORAMKO-Daum Professional Private Investment Trust No.12
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 22,583	₩ 0
Proportion of ownership interest in associate (B)	33.33%	0.00%
Interests in the net assets (A*B)	₩ 7,528	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	7,528	0
Samsung SRA Real Estate Professional Private 45[FoFs]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 42,665	₩ 0
Proportion of ownership interest in associate (B)	25.00%	0.00%
Interests in the net assets (A*B)	₩ 10,666	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,666	0
IBK Global New Renewable Energy Special Asset Professional Private2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 111,605	₩ 0
Proportion of ownership interest in associate (B)	28.98%	0.00%
Interests in the net assets (A*B)	₩ 32,349	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	32,349	0
VS Cornerstone Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 8,413	₩ 0
Proportion of ownership interest in associate (B)	41.18%	0.00%
Interests in the net assets (A*B)	₩ 3,464	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,464	0
Aone Mezzanine Opportunity Professional Private
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 14,490	₩ 0
Proportion of ownership interest in associate (B)	66.12%	0.00%
Interests in the net assets (A*B)	₩ 9,580	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	9,580	0
KiwoomUnicorn3New Technology Business Investment Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 20,132	₩ 0
Proportion of ownership interest in associate (B)	21.28%	0.00%
Interests in the net assets (A*B)	₩ 4,283	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,283	0
Multi Asset The United States Thortons Professional Private1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 165,760	₩ 0
Proportion of ownership interest in associate (B)	25.00%	0.00%
Interests in the net assets (A*B)	₩ 41,440	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	41,440	0
Kiwoom Milestone US Real Estate Professional Private20
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 68,434	₩ 0
Proportion of ownership interest in associate (B)	75.27%	0.00%
Interests in the net assets (A*B)	₩ 51,512	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	51,512	0
NH-Amundi US Infrastructure Private Fund2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 98,161	₩ 0
Proportion of ownership interest in associate (B)	25.91%	0.00%
Interests in the net assets (A*B)	₩ 25,430	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	25,430	0
KB Distribution Private Real Estate1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 49,513	₩ 0
Proportion of ownership interest in associate (B)	62.00%	0.00%
Interests in the net assets (A*B)	₩ 30,698	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	30,698	0
SHBNPP Jigae Namsan BTO professional Investment Type Private Special Asset Investment Trust [Infra business]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 71,593	₩ 0
Proportion of ownership interest in associate (B)	28.93%	0.00%
Interests in the net assets (A*B)	₩ 20,712	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	20,712	0
SHBNPP Japan Photovoltaic Private Special Asset Investment Trust No.2 [Loan-Derivative]
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 97,164	₩ 0
Proportion of ownership interest in associate (B)	30.00%	0.00%
Interests in the net assets (A*B)	₩ 29,149	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	29,149	0
Kakao-Shinhan 1st TNYT Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 11,683	₩ 0
Proportion of ownership interest in associate (B)	48.62%	0.00%
Interests in the net assets (A*B)	₩ 5,681	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,681	0
IMM Special Situation 1-2 PRIVATE EQUITY FUND
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 54,295	₩ 0
Proportion of ownership interest in associate (B)	20.02%	0.00%
Interests in the net assets (A*B)	₩ 10,870	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,870	0
Pacific Private Placement Real Estate Fund No.40
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 47,094	₩ 0
Proportion of ownership interest in associate (B)	24.73%	0.00%
Interests in the net assets (A*B)	₩ 11,647	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	11,647	0
Mastern Private Real Estate Loan Fund No.2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 16,955	₩ 0
Proportion of ownership interest in associate (B)	33.57%	0.00%
Interests in the net assets (A*B)	₩ 5,692	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,692	0
LB Scotland Amazon Fulfillment Center Fund 29
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 44,455	₩ 0
Proportion of ownership interest in associate (B)	70.14%	0.00%
Interests in the net assets (A*B)	₩ 31,182	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	31,182	0
JR AMC Hungary Budapest Office Fund 16
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 37,469	₩ 0
Proportion of ownership interest in associate (B)	32.57%	0.00%
Interests in the net assets (A*B)	₩ 12,204	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	12,204	0
IGIS 372 Real Estate Professional Private
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 200,192	₩ 0
Proportion of ownership interest in associate (B)	28.39%	0.00%
Interests in the net assets (A*B)	₩ 56,835	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	56,835	0
KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 15,636	₩ 0
Proportion of ownership interest in associate (B)	19.00%	0.00%
Interests in the net assets (A*B)	₩ 3,830	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,830	0
Future-Creation Neoplux Venture Capital Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 23,134	₩ 0
Proportion of ownership interest in associate (B)	16.25%	0.00%
Interests in the net assets (A*B)	₩ 3,796	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,796	0
Gyeonggi-Neoplux Superman Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 31,712	₩ 0
Proportion of ownership interest in associate (B)	21.76%	0.00%
Interests in the net assets (A*B)	₩ 6,399	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	6,399	0
NewWave 6th Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 20,501	₩ 0
Proportion of ownership interest in associate (B)	30.00%	0.00%
Interests in the net assets (A*B)	₩ 6,150	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	6,150	0
Neoplux No.3 Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 102,956	₩ 0
Proportion of ownership interest in associate (B)	10.00%	0.00%
Interests in the net assets (A*B)	₩ 10,295	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,295	0
PCC Amberstone Private Equity Fund I
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 103,736	₩ 0
Proportion of ownership interest in associate (B)	21.67%	0.00%
Interests in the net assets (A*B)	₩ 22,480	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	22,480	0
KIAMCO POWERLOAN TRUST 4TH
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 92,794	₩ 0
Proportion of ownership interest in associate (B)	47.37%	0.00%
Interests in the net assets (A*B)	₩ 43,955	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	43,955	0
Mastern Opportunity Seeking Real Estate Fund II
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 98,994	₩ 0
Proportion of ownership interest in associate (B)	20.00%	0.00%
Interests in the net assets (A*B)	₩ 19,799	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	19,799	0
AION ELFIS PROFESSIONAL PRIVATE 1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 27,642	₩ 0
Proportion of ownership interest in associate (B)	20.00%	0.00%
Interests in the net assets (A*B)	₩ 5,528	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,528	0
T&F 2020 SS Private Equity Fund Specializing in Start-up and Venture Business
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 15,001	₩ 0
Proportion of ownership interest in associate (B)	29.68%	0.00%
Interests in the net assets (A*B)	₩ 4,453	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,453	0
Neoplux Market-Frontier Secondary Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 54,727	₩ 0
Proportion of ownership interest in associate (B)	19.74%	0.00%
Interests in the net assets (A*B)	₩ 11,545	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	11,545	0
Synergy Green New Deal 1st New Technology Business Investment Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 35,527	₩ 0
Proportion of ownership interest in associate (B)	28.17%	0.00%
Interests in the net assets (A*B)	₩ 10,008	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	10,008	0
KAIM Real-estate Private Investment Trust 20
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 13,254	₩ 0
Proportion of ownership interest in associate (B)	38.46%	0.00%
Interests in the net assets (A*B)	₩ 5,098	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,098	0
KIAMCO Vietnam Solar Special Asset Private Investment Trust
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 15,896	₩ 0
Proportion of ownership interest in associate (B)	50.00%	0.00%
Interests in the net assets (A*B)	₩ 7,948	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	7,948	0
CSQUARE SNIPER PROFESSIONAL PRIVATE 10
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 5,000	₩ 0
Proportion of ownership interest in associate (B)	62.50%	0.00%
Interests in the net assets (A*B)	₩ 3,125	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	3,125	0
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-1
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 45,573	₩ 0
Proportion of ownership interest in associate (B)	97.85%	0.00%
Interests in the net assets (A*B)	₩ 44,594	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	44,594	0
IGIS GLIP Professional Investment Private Real Estate Investment Trust No. 1-2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 45,573	₩ 0
Proportion of ownership interest in associate (B)	97.85%	0.00%
Interests in the net assets (A*B)	₩ 44,594	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	44,594	0
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 48,475	₩ 0
Proportion of ownership interest in associate (B)	25.00%	0.00%
Interests in the net assets (A*B)	₩ 15,855	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	15,855	0
IGIS Professional Investors Private Investment Real Estate Investment LLC No.395
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 50,394	₩ 0
Proportion of ownership interest in associate (B)	58.82%	0.00%
Interests in the net assets (A*B)	₩ 29,644	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	29,644	0
SHBNPP Green New Deal Energy Professional Investment Type Private Special Asset Investment Trust No.2
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 70,473	₩ 0
Proportion of ownership interest in associate (B)	30.00%	0.00%
Interests in the net assets (A*B)	₩ 21,142	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	21,142	0
Kiwoom Private Equity Ant-Man Startup Venture Specialized Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 20,134	₩ 0
Proportion of ownership interest in associate (B)	25.00%	0.00%
Interests in the net assets (A*B)	₩ 5,034	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	5,034	0
Kiwoom Hero No.4 Private Equity Fund
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 22,358	₩ 0
Proportion of ownership interest in associate (B)	21.05%	0.00%
Interests in the net assets (A*B)	₩ 4,707	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	4,707	0
Vogo Canister Professional Trust Private Fund I
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 119,892	₩ 0
Proportion of ownership interest in associate (B)	36.68%	0.00%
Interests in the net assets (A*B)	₩ 43,975	₩ 0
Intra-group transactions	0	0
Other reconciliations	0	0
Investments in associates	43,975	0
Others
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)		₩ 337,794
Proportion of ownership interest in associate (B)		0.00%
Interests in the net assets (A*B)		₩ 85,931
Intra-group transactions		0
Other reconciliations		0
Investments in associates		₩ 85,931
Others
Reconciliation of the financial information to the carrying value of its interests in the associates [Line Items]
Net Assets (A)	₩ 519,091
Proportion of ownership interest in associate (B)	0.00%
Interests in the net assets (A*B)	₩ 139,164
Intra-group transactions	0
Other reconciliations	0
Investments in associates	₩ 139,164

Unrecognized equity method loss

Unrecognized equity method losses and cumulative unrecognized equity method losses (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Associates
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items]
Unrecognized equity method losses	₩ (268)	₩ (183)
Cumulative unrecognized equity method losses	(290)	(229)
Songrim Partners
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items]
Unrecognized equity method losses	0	(14)
Cumulative unrecognized equity method losses	(22)	(22)
Multimedia Tech Co.Ltd
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items]
Unrecognized equity method losses	(15)	0
Cumulative unrecognized equity method losses	(15)	0
Hyungje art printing
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items]
Unrecognized equity method losses	(83)	(45)
Cumulative unrecognized equity method losses	(83)	(83)
MIEL CO.,LTD
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items]
Unrecognized equity method losses	(25)	(34)
Cumulative unrecognized equity method losses	(25)	(34)
IL GU FARM CO.,LTD
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items]
Unrecognized equity method losses	0	(90)
Cumulative unrecognized equity method losses	0	(90)
Goduck Gangil1 PFV Co., Ltd
Unrecognized equity method losses and cumulative unrecognized equity method losses [Line Items]
Unrecognized equity method losses	(145)	0
Cumulative unrecognized equity method losses	₩ (145)	₩ 0

Investment properties, net (Det

Investment properties, net (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investment properties, net [Line Items]
Investment properties, net	₩ 615,235	₩ 488,610	₩ 474,820
Acquisition cost
Investment properties, net [Line Items]
Investment properties, net	767,118	605,773
Accumulated depreciation
Investment properties, net [Line Items]
Investment properties, net	₩ (151,883)	₩ (117,163)

Changes in investment propertie

Changes in investment properties (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Changes in investment properties [Abstract]
Beginning balance		₩ 488,610	₩ 474,820
Acquisitions		244,100	2,767
Disposals		(92,337)	(73,588)
Depreciation		(20,165)	(17,565)	₩ (16,917)
Amounts transferred from (to) property and equipment		(4,064)	104,573
Amounts transferred to assets held for sale	[1]	(910)	(15,795)
Foreign currency adjustment		1	(169)
Business combination (Note 47)		0	13,567
Ending balance		₩ 615,235	₩ 488,610	₩ 474,820
[1]	Comprise land and buildings, etc.

Income and expenses on investme

Income and expenses on investment property (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income and expenses on investment property [Abstract]
Rental income	₩ 23,890	₩ 43,777	₩ 32,488
Direct operating expenses for investment properties that generated rental income	₩ 11,951	₩ 12,107	₩ 12,191

The fair value of investment pr

The fair value of investment property (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
The fair value of investment property [Abstract]
Land and buildings	[1]	₩ 1,254,149	₩ 1,062,195
[1]	Fair value of investment properties is estimated based in the recent market transaction conditions with an independent third party and certain significant unobservable inputs. Accordingly, fair value of investment properties is classified as level 3.

Other assets, net (Details)

Other assets, net (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Other assets, net [Abstract]
Accounts receivable	₩ 12,511,880	₩ 9,355,388
Domestic exchange settlement debit	4,055,744	4,337,628
Guarantee deposits	1,145,045	1,184,572
Present value discount on guarantee deposits	(33,062)	(45,316)
Accrued income	2,535,847	2,612,823
Prepaid expense	202,218	193,849
Provisional payments	183,935	71,764
Sundry assets	106,341	93,766
Separate account assets	9,267,722	8,253,351
Advance payments	203,023	317,365
Unamortized deferred acquisition cost	979,942	907,868
Other	1,118,926	661,998
Allowances for credit loss of other assets	(82,895)	(66,775)
Total Other Assets	₩ 32,194,666	₩ 27,878,281

Changes in deferred acquisition

Changes in deferred acquisition cost by insurance type (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Changes in deferred acquisition cost by insurance type [Line Items]
Beginning balance	₩ 907,868
Acquisition cost incurred
Cost	802,942
Expensed	(315,970)
Deferral	486,972
Amortization	(414,898)	₩ (373,800)	₩ (385,793)
Ending balance	979,942	907,868
Individual insurance
Changes in deferred acquisition cost by insurance type [Line Items]
Beginning balance	907,035
Acquisition cost incurred
Cost	802,599
Expensed	(315,806)
Deferral	486,793
Amortization	(414,477)
Ending balance	979,351	907,035
Pure endowment
Changes in deferred acquisition cost by insurance type [Line Items]
Beginning balance	67,856
Acquisition cost incurred
Cost	11,602
Expensed	(6,450)
Deferral	5,152
Amortization	(35,504)
Ending balance	37,504	67,856
Death
Changes in deferred acquisition cost by insurance type [Line Items]
Beginning balance	834,415
Acquisition cost incurred
Cost	771,973
Expensed	(298,355)
Deferral	473,618
Amortization	(375,111)
Ending balance	932,922	834,415
Endowment
Changes in deferred acquisition cost by insurance type [Line Items]
Beginning balance	4,764
Acquisition cost incurred
Cost	19,024
Expensed	(11,001)
Deferral	8,023
Amortization	(3,862)
Ending balance	8,925	4,764
Group insurance
Changes in deferred acquisition cost by insurance type [Line Items]
Beginning balance	833
Acquisition cost incurred
Cost	343
Expensed	(164)
Deferral	179
Amortization	(421)
Ending balance	591	833
Pure protection
Changes in deferred acquisition cost by insurance type [Line Items]
Beginning balance	833
Acquisition cost incurred
Cost	343
Expensed	(164)
Deferral	179
Amortization	(421)
Ending balance	₩ 591	₩ 833

Gross investment and present va

Gross investment and present value of minimum lease payment of finance lease (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Gross investment and present value of minimum lease payment of finance lease [Line Items]
Gross investment	₩ 1,917,329	₩ 1,900,179
Unearned finance income	144,674	216,802
Present value of minimum lease payment	1,772,655	1,683,377
Not later than 1 year
Gross investment and present value of minimum lease payment of finance lease [Line Items]
Gross investment	678,790	529,326
Unearned finance income	73,230	94,809
Present value of minimum lease payment	605,560	434,517
1~2 years
Gross investment and present value of minimum lease payment of finance lease [Line Items]
Gross investment	527,757	443,708
Unearned finance income	43,701	63,226
Present value of minimum lease payment	484,056	380,482
2~3 years
Gross investment and present value of minimum lease payment of finance lease [Line Items]
Gross investment	391,447	469,754
Unearned finance income	21,169	37,725
Present value of minimum lease payment	370,278	432,029
3~4 years
Gross investment and present value of minimum lease payment of finance lease [Line Items]
Gross investment	219,040	289,798
Unearned finance income	6,089	16,773
Present value of minimum lease payment	212,951	273,025
4~5 years
Gross investment and present value of minimum lease payment of finance lease [Line Items]
Gross investment	93,975	150,811
Unearned finance income	432	4,225
Present value of minimum lease payment	93,543	146,586
Later than 5 years
Gross investment and present value of minimum lease payment of finance lease [Line Items]
Gross investment	6,320	16,782
Unearned finance income	53	44
Present value of minimum lease payment	₩ 6,267	₩ 16,738

Minimum lease payment receivabl

Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items]
Minimum lease payment	₩ 1,917,329	₩ 1,900,179
Present Value Adjustment	144,674	216,802
Present value of minimum lease payment	1,772,655	1,683,377
Not later than 1 year
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items]
Minimum lease payment	678,790	529,326
Present Value Adjustment	73,230	94,809
Present value of minimum lease payment	605,560	434,517
1~2 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items]
Minimum lease payment	527,757	443,708
Present Value Adjustment	43,701	63,226
Present value of minimum lease payment	484,056	380,482
2~3 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items]
Minimum lease payment	391,447	469,754
Present Value Adjustment	21,169	37,725
Present value of minimum lease payment	370,278	432,029
3~4 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items]
Minimum lease payment	219,040	289,798
Present Value Adjustment	6,089	16,773
Present value of minimum lease payment	212,951	273,025
4~5 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items]
Minimum lease payment	93,975	150,811
Present Value Adjustment	432	4,225
Present value of minimum lease payment	93,543	146,586
Later than 5 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Finance lease [Line Items]
Minimum lease payment	6,320	16,782
Present Value Adjustment	53	44
Present value of minimum lease payment	₩ 6,267	₩ 16,738

Minimum lease payment receiva_2

Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items]
Minimum lease payment	₩ 965,261	₩ 389,414
Not later than 1 year
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items]
Minimum lease payment	276,590	142,140
1~2 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items]
Minimum lease payment	233,443	118,781
2~3 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items]
Minimum lease payment	182,261	76,379
3~4 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items]
Minimum lease payment	124,556	37,047
4~5 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items]
Minimum lease payment	52,997	14,984
Later than 5 years
Minimum lease payment receivable schedule for lease contracts of the Group as lessor-Operating lease [Line Items]
Minimum lease payment	₩ 95,414	₩ 83

Changes in operating lease asse

Changes in operating lease assets (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Changes in operating lease assets [Line Items]
Beginning balance	₩ 4,083,328	₩ 3,577,709
Disposals	(166,151)	(43,644)
Depreciation	(475,506)	(479,657)
Ending balance	3,989,697	4,083,328
Property Plant And Equipment By Operating Lease Status
Changes in operating lease assets [Line Items]
Beginning balance	549,741	370,868
Acquisitions	681,607	411,971
Disposals	(54,042)	(134,810)
Depreciation	(163,006)	(98,288)
Ending balance	₩ 1,014,300	₩ 549,741

Right-of-use assets by the less

Right-of-use assets by the lessee's underlying asset type (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	₩ 590,417	₩ 1,112,796
Real estate
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	556,419	1,077,803
Vehicle
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	20,621	21,994
Others
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	13,377	12,999
Acquisition cost
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	1,016,183	1,357,206
Acquisition cost | Real estate
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	953,135	1,306,759
Acquisition cost | Vehicle
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	36,680	30,051
Acquisition cost | Others
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	26,368	20,396
Accumulated depreciation
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	(425,766)	(244,410)
Accumulated depreciation | Real estate
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	(396,716)	(228,956)
Accumulated depreciation | Vehicle
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	(16,059)	(8,057)
Accumulated depreciation | Others
Right-of-use assets by the lessee's underlying asset type [Line Items]
Right-of-use Assets	₩ (12,991)	₩ (7,397)

Changes in right-of-use assets

Changes in right-of-use assets (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of Changes in property and equipment [Line Items]
Beginning balance	₩ 4,083,328	₩ 3,577,709
Disposals	(166,151)	(43,644)
Depreciation	(475,506)	(479,657)
Substitution	0	0
Effects of foreign currency movements	(8,553)	14,031
Business combination (Note 47)	835	43,242
Ending balance	3,989,697	4,083,328
Right-of-use assets
Schedule of Changes in property and equipment [Line Items]
Beginning balance	1,112,796	583,576
Acquisitions	305,958	805,783
Disposals	(24,173)	(12,595)
Depreciation	(286,028)	(298,538)
Substitution	(513,437)	0
Effects of foreign currency movements	(5,380)	2,981
Business combination (Note 47)	681	31,589
Ending balance	590,417	1,112,796
Right-of-use assets | Real estate
Schedule of Changes in property and equipment [Line Items]
Beginning balance	1,077,803	554,478
Acquisitions	286,981	781,097
Disposals	(21,763)	(10,808)
Depreciation	(268,376)	(280,691)
Substitution	(513,437)	0
Effects of foreign currency movements	(5,375)	2,890
Business combination (Note 47)	586	30,837
Ending balance	556,419	1,077,803
Right-of-use assets | Vehicle
Schedule of Changes in property and equipment [Line Items]
Beginning balance	21,994	16,528
Acquisitions	12,556	16,523
Disposals	(2,394)	(1,638)
Depreciation	(11,625)	(10,094)
Substitution	0	0
Effects of foreign currency movements	(5)	91
Business combination (Note 47)	95	584
Ending balance	20,621	21,994
Right-of-use assets | Others
Schedule of Changes in property and equipment [Line Items]
Beginning balance	12,999	12,570
Acquisitions	6,421	8,163
Disposals	(16)	(149)
Depreciation	(6,027)	(7,753)
Substitution	0	0
Effects of foreign currency movements	0	0
Business combination (Note 47)	0	168
Ending balance	₩ 13,377	₩ 12,999

Maturity of the lease liability

Maturity of the lease liability (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities	[1]	₩ 594,161	₩ 1,104,259
Real estate
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		556,124	1,066,868
Vehicle
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		24,131	23,616
Others
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		13,906	13,775
Less than 1 month
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		26,484	23,304
Less than 1 month | Real estate
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		22,560	20,967
Less than 1 month | Vehicle
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		3,404	1,378
Less than 1 month | Others
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		520	959
1~3 months
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		39,392	36,893
1~3 months | Real estate
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		36,746	34,357
1~3 months | Vehicle
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		1,840	1,542
1~3 months | Others
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		806	994
3~6 months
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		53,439	51,110
3~6 months | Real estate
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		49,746	47,644
3~6 months | Vehicle
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		2,490	2,178
3~6 months | Others
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		1,203	1,288
6 months ~ 1 year
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		96,853	92,393
6 months ~ 1 year | Real estate
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		90,057	86,228
6 months ~ 1 year | Vehicle
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		4,765	4,108
6 months ~ 1 year | Others
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		2,031	2,057
1~5 years
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		308,909	871,586
1~5 years | Real estate
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		287,932	848,699
1~5 years | Vehicle
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		11,632	14,410
1~5 years | Others
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		9,345	8,477
More than 5 years
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		69,084	28,973
More than 5 years | Real estate
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		69,083	28,973
More than 5 years | Vehicle
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		0	0
More than 5 years | Others
Disclosure of maturity analysis of lease liability [Line Items]
Lease liabilities		₩ 1	₩ 0
[1]	As of December 31, 2020, the Group accounts the lease liabilities as other liabilities. For the year ended December 31, 2020, the amount of variable lease payments that are not included in the measurement of lease liabilities is W 114 million, cash outflows from leases are W 788,532 million, and interest expense on lease liabilities is W 14,504 million.

Lease payments for low-value as

Lease payments for low-value assets and short-term leases (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Lease payments for low-value assets and short-term leases [Abstract]
Low-value assets		₩ 6,181	₩ 5,045
Short-term lease	[1]	836	907
Total		₩ 7,017	₩ 5,952
[1]	The payments for leases with terms less than 1 month are included.

Assets pledged as collateral (D

Assets pledged as collateral (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Collateral pledged
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	₩ 34,989,252	₩ 31,535,530
Loans at amortized cost
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	0	128,163
Securities
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	33,903,173	30,195,356
Financial assets at fair value through profit or loss
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	15,328,573	15,016,057
Financial assets at fair value through other comprehensive income
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	4,058,033	2,387,555
Securities at amortized cost
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	14,516,567	12,791,744
Deposits
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	1,086,079	1,212,011
Deposits at amortized cost
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	784,626	1,090,161
Real estate
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	301,098	121,446
Other financial assets
Assets pledged as collateral [Line Items]
Assets pledged as collateral	[1]	₩ 355	₩ 404
[1]	The carrying amounts of assets pledged that the pledgees have the right to sell or re-pledge regardless of the Group's default as of December 31, 2019 and 2020 are W9,696,487 million and W11,190,218 million, respectively.

Fair value of collateral held t

Fair value of collateral held that the Group has the right to sell or repledge regardless of pledger's default (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Fair value of collateral held that the Group has the right to sell or repledge regardless of pledger's default [Abstract]
Securities pledged as collateral	₩ 10,487,095	₩ 9,240,573
Securities received as collateral	₩ 2,871,910	₩ 2,007,036

Deposits (Details)

Deposits (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Deposits [Line Items]
Deposits	₩ 326,416,868	₩ 294,874,256
Demand Deposits
Deposits [Line Items]
Deposits	148,725,197	116,282,707
Demand Deposits | Domestic currency [Member]
Deposits [Line Items]
Deposits	132,444,929	103,048,895
Demand Deposits | Foreign currency [Member]
Deposits [Line Items]
Deposits	16,280,268	13,233,812
Time Deposits
Deposits [Line Items]
Deposits	157,833,891	158,427,447
Time Deposits | Domestic currency [Member]
Deposits [Line Items]
Deposits	137,719,464	139,824,896
Time Deposits | Foreign currency [Member]
Deposits [Line Items]
Deposits	20,114,427	18,602,551
Certificates of deposits
Deposits [Line Items]
Deposits	5,946,704	9,707,791
Discount note deposits
Deposits [Line Items]
Deposits	6,226,937	4,579,587
CMA
Deposits [Line Items]
Deposits	4,006,319	3,987,372
Other
Deposits [Line Items]
Deposits	₩ 3,677,820	₩ 1,889,352

Financial liabilities at fair_3

Financial liabilities at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Financial liabilities at fair value through profit or loss [Line Items]
Financial liabilities at fair value through profit or loss	₩ 1,436,694	₩ 1,632,457
Securities sold
Financial liabilities at fair value through profit or loss [Line Items]
Financial liabilities at fair value through profit or loss	897,129	1,164,697
Stocks
Financial liabilities at fair value through profit or loss [Line Items]
Financial liabilities at fair value through profit or loss	387,857	298,008
Municipal bonds
Financial liabilities at fair value through profit or loss [Line Items]
Financial liabilities at fair value through profit or loss	503,920	825,942
Other securities
Financial liabilities at fair value through profit or loss [Line Items]
Financial liabilities at fair value through profit or loss	5,352	40,747
Gold and silver deposits
Financial liabilities at fair value through profit or loss [Line Items]
Financial liabilities at fair value through profit or loss	₩ 539,565	₩ 467,760

Financial liabilities designa_3

Financial liabilities designated at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019
Financial liabilities designated at fair value through profit or loss [Line Items]
Financial liabilities designated at fair value through profit or loss	[1]	₩ 8,455,724	₩ 9,409,456
Financial liabilities designated at fair value through profit or loss
Financial liabilities designated at fair value through profit or loss [Line Items]
Financial liabilities designated at fair value through profit or loss	[1]	8,455,724	9,409,456
Equity-linked securities sold
Financial liabilities designated at fair value through profit or loss [Line Items]
Financial liabilities designated at fair value through profit or loss	[1]	6,556,288	6,880,811
Securities sold with embedded derivatives
Financial liabilities designated at fair value through profit or loss [Line Items]
Financial liabilities designated at fair value through profit or loss	[1]	₩ 1,899,436	₩ 2,528,645
[1]	The Group designated the financial liabilities at the initial recognition(or subsequently) in accordance with paragraph 6.7.1 of IFRS 9 as financial liabilities at fair value through profit or loss.

Borrowings (Details)

Borrowings (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Borrowings [Line Items]
Deferred origination costs	₩ (79,958)	₩ (109,067)
Borrowings	41,594,064	34,863,156
Borrowings
Borrowings [Line Items]
Borrowings, gross	41,595,615	34,864,166
Deferred origination costs	(1,551)	(1,010)
Borrowings	41,594,064	34,863,156
Denominated in Korean won
Borrowings [Line Items]
Borrowings, gross	₩ 21,726,382	₩ 16,631,442
Borrowings from Bank of Korea
Borrowings [Line Items]
Maximum Interest rate	0.25%	0.75%
Minimum Interest rate	0.25%	0.50%
Borrowings, gross	₩ 5,351,110	₩ 2,429,346
Others
Borrowings [Line Items]
Maximum Interest rate	6.20%	6.00%
Minimum Interest rate	0.00%	0.00%
Borrowings, gross	₩ 16,375,272	₩ 14,202,096
Denominated in foreign currency
Borrowings [Line Items]
Borrowings, gross	₩ 7,032,901	₩ 8,411,671
Overdraft due from banks
Borrowings [Line Items]
Maximum Interest rate	0.00%	0.00%
Minimum Interest rate	0.00%	0.00%
Borrowings, gross	₩ 71,309	₩ 86,791
Borrowings from banks
Borrowings [Line Items]
Maximum Interest rate	8.00%	7.50%
Minimum Interest rate	0.00%	0.11%
Borrowings, gross	₩ 5,423,571	₩ 6,576,849
Others
Borrowings [Line Items]
Maximum Interest rate	12.45%	13.65%
Minimum Interest rate	0.00%	1.94%
Borrowings, gross	₩ 1,538,021	₩ 1,748,031
Call money
Borrowings [Line Items]
Maximum Interest rate	0.55%	5.25%
Minimum Interest rate	0.35%	0.00%
Borrowings, gross	₩ 1,760,042	₩ 712,247
Bills of sale
Borrowings [Line Items]
Maximum Interest rate	1.10%	1.60%
Minimum Interest rate	0.00%	0.80%
Borrowings, gross	₩ 10,706	₩ 19,070
Bonds sold under repurchase agreements
Borrowings [Line Items]
Maximum Interest rate	5.15%	5.40%
Minimum Interest rate	0.00%	0.95%
Borrowings, gross	₩ 11,065,584	₩ 9,089,736
Deferred origination costs
Borrowings [Line Items]
Deferred origination costs	₩ (1,551)	₩ (1,010)

Debt securities issued (Details

Debt securities issued (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Debt securities issued [Line Items]
Debt securities issued, gross	₩ 74,968,124	₩ 75,418,859
Discount on debt securities issued	(79,958)	(109,067)
Gain(Loss) on fair value hedges	246,228	53,572
In won
Debt securities issued [Line Items]
Debt securities issued, gross	64,186,881	64,871,238
Discount on debt securities issued	(39,309)	(66,334)
Gain(Loss) on fair value hedges	₩ (63,652)	₩ (87,692)
In won | Debt securities issued
Debt securities issued [Line Items]
Maximum interest rate	8.00%	8.00%
Minimum interest rate	0.67%	0.71%
Debt securities issued, gross	₩ 59,816,756	₩ 60,501,093
Discount on debt securities issued	₩ 0	₩ 0
In won | Subordinated debt securities issued
Debt securities issued [Line Items]
Maximum interest rate	4.60%	4.60%
Minimum interest rate	2.20%	2.20%
Debt securities issued, gross	₩ 4,370,125	₩ 4,370,145
Discount on debt securities issued	0	0
In won | Gain (loss) on fair value hedges
Debt securities issued [Line Items]
Discount on debt securities issued	0	0
Gain(Loss) on fair value hedges	(63,652)	(87,692)
In won | Discount on debt securities issued
Debt securities issued [Line Items]
Discount on debt securities issued	(39,309)	(66,334)
In foreign currency
Debt securities issued [Line Items]
Debt securities issued, gross	10,781,243	10,547,621
Discount on debt securities issued	(40,649)	(42,733)
Gain(Loss) on fair value hedges	₩ 309,880	₩ 141,264
In foreign currency | Debt securities issued
Debt securities issued [Line Items]
Maximum interest rate	7.59%	7.59%
Minimum interest rate	0.25%	0.01%
Debt securities issued, gross	₩ 7,182,619	₩ 6,750,085
Discount on debt securities issued	₩ 0	₩ 0
In foreign currency | Subordinated debt securities issued
Debt securities issued [Line Items]
Maximum interest rate	5.10%	5.10%
Minimum interest rate	3.34%	3.34%
Debt securities issued, gross	₩ 3,598,624	₩ 3,797,536
Discount on debt securities issued	0	0
In foreign currency | Gain (loss) on fair value hedges
Debt securities issued [Line Items]
Discount on debt securities issued	0	0
Gain(Loss) on fair value hedges	309,880	141,264
In foreign currency | Discount on debt securities issued
Debt securities issued [Line Items]
Discount on debt securities issued	₩ (40,649)	₩ (42,733)

Defined benefit plan assets and

Defined benefit plan assets and liabilities (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined benefit plan assets and liabilities [Abstract]
Present value of defined benefit obligations		₩ 2,182,464	₩ 2,063,102
Fair value of plan assets		(2,138,324)	(1,943,644)
Recognized liabilities for defined benefit obligations	[1]	₩ 44,140	₩ 119,458	₩ 127,348
[1]	The net defined benefit obligation of W119,458 million as of December 31, 2019 is the net defined benefit liability of W121,140 million less the net plan assets of W1,682 million. In addition, the net defined benefit obligation of W44,140 million as of December 31, 2020 is the net defined benefit liability of W62,514 million less the net plan assets of W18,374 million.

Changes in the present value of

Changes in the present value of defined benefit obligation and plan assets (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Changes in the present value of defined benefit obligation and plan assets [Line Items]
Beginning balance	[1]	₩ 119,458	₩ 127,348
Included in profit or loss:
Current service cost		179,390	172,490
Past service cost		9,069	(1,588)
Interest expense (income)		2,208	2,917
Settlement expense (income)		(306)	(29)
Subtotal		190,361	173,790
Included in other comprehensive income:
Demographic assumptions		18	(7,584)
Financial assumptions		(44,424)	53,475
Experience adjustment		2,957	8,001
Return on plan assets excluding interest income		20,027	21,719
Subtotal		(21,422)	75,611
Other:
Benefits paid by the plan		(6,047)	(7,003)
Contributions paid into the plan		(239,838)	(252,858)
Settlement gain or loss		1,358	216
Business combination (Note 47)		848	2,367
Effect of movements in exchange rates		(578)	(13)
Others		0	0
Subtotal		(244,257)	(257,291)
Ending balance	[1]	44,140	119,458
Defined benefit obligation
Changes in the present value of defined benefit obligation and plan assets [Line Items]
Beginning balance		2,063,102	1,841,982
Included in profit or loss:
Current service cost		179,390	172,490
Past service cost		9,069	(1,588)
Interest expense (income)		57,674	57,253
Settlement expense (income)		(306)	(29)
Subtotal		245,827	228,126
Included in other comprehensive income:
Demographic assumptions		18	(7,584)
Financial assumptions		(44,424)	53,475
Experience adjustment		2,957	8,001
Return on plan assets excluding interest income		0	0
Subtotal		(41,449)	53,892
Other:
Benefits paid by the plan		(83,614)	(87,066)
Contributions paid into the plan		(268)	0
Settlement gain or loss		(2,695)	216
Business combination (Note 47)		2,139	25,965
Effect of movements in exchange rates		(578)	(13)
Others		0	0
Subtotal		(85,016)	(60,898)
Ending balance		2,182,464	2,063,102
Plan assets
Changes in the present value of defined benefit obligation and plan assets [Line Items]
Beginning balance		(1,943,644)	(1,714,634)
Included in profit or loss:
Current service cost		0	0
Past service cost		0	0
Interest expense (income)		(55,466)	(54,336)
Settlement expense (income)		0	0
Subtotal		(55,466)	(54,336)
Included in other comprehensive income:
Demographic assumptions		0	0
Financial assumptions		0	0
Experience adjustment		0	0
Return on plan assets excluding interest income		20,027	21,719
Subtotal		20,027	21,719
Other:
Benefits paid by the plan		77,567	80,063
Contributions paid into the plan		(239,570)	(252,858)
Settlement gain or loss		4,053	0
Business combination (Note 47)		(1,291)	(23,598)
Effect of movements in exchange rates		0	0
Others		0	0
Subtotal		(159,241)	(196,393)
Ending balance		₩ (2,138,324)	₩ (1,943,644)
[1]	The net defined benefit obligation of W119,458 million as of December 31, 2019 is the net defined benefit liability of W121,140 million less the net plan assets of W1,682 million. In addition, the net defined benefit obligation of W44,140 million as of December 31, 2020 is the net defined benefit liability of W62,514 million less the net plan assets of W18,374 million.

Composition of plan assets (Det

Composition of plan assets (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Composition of plan assets [Abstract]
Equity securities	₩ 74,631	₩ 256,353
Debt securities	23,713	28,094
Due from banks	1,900,963	1,577,274
Other	139,017	81,923
Plan assets	₩ 2,138,324	₩ 1,943,644

Actuarial assumptions (Details)

Actuarial assumptions (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Minimum
Actuarial assumptions [Line Items]
Discount rate	2.68%	2.71%
Future salary increase rate	1.90%	1.80%
Weighted average maturity	7.6 years	8.2 years
Maximum
Actuarial assumptions [Line Items]
Discount rate	3.30%	3.17%
Future salary increase rate	4.00%	4.00%
Weighted average maturity	15.4 years	16.2 years

Sensitivity analysis for actuar

Sensitivity analysis for actuarial assumptions (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Discount rate
Sensitivity analysis for actuarial assumptions [Line Items]
Increase	₩ (207,093)	₩ (201,770)
Decrease	233,570	233,057
Future salary increase rate
Sensitivity analysis for actuarial assumptions [Line Items]
Increase	232,892	231,967
Decrease	₩ (210,305)	₩ (204,242)

Provisions (Details)

Provisions (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Provisions [Line Items]
Provisions	₩ 804,736	₩ 557,024
Asset retirement
Provisions [Line Items]
Provisions	65,659	64,922	₩ 49,183
Litigation
Provisions [Line Items]
Provisions	12,468	8,789	25,554
Unused credit
Provisions [Line Items]
Provisions	305,719	263,752
Financial guarantee contracts
Provisions [Line Items]
Provisions	83,851	100,430
Other
Provisions [Line Items]
Provisions	₩ 337,039	₩ 119,131	₩ 86,007

Changes in provisions (Details)

Changes in provisions (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Changes in provisions [Line Items]
Beginning balance		₩ 557,024
Ending balance		804,736	₩ 557,024
Provision for unused credit commitments and financial guarantee contracts issued
Changes in provisions [Line Items]
Beginning balance		338,599	304,202
Transfer To 12 Month Expected Credit Loss		0	0
Transfer To Life Time Expected Credit Loss		0	0
Transfer To Impaired Financial Asset		0	0
Provided		75,558	59,077
Reversed		(22,763)	(29,558)
Provision used		0	0
Foreign exchange translation		(3,154)	2,762
Others	[1]	(20,626)	2,116
Ending balance		367,614	338,599
Unused credit commitments provision | 12-month expected credit losses
Changes in provisions [Line Items]
Beginning balance		132,028	126,402
Transfer To 12 Month Expected Credit Loss		63,818	42,838
Transfer To Life Time Expected Credit Loss		(9,883)	(9,286)
Transfer To Impaired Financial Asset		(244)	(229)
Reversed		(20,377)	(28,611)
Provision used		0	0
Foreign exchange translation		(1,195)	914
Others	[1]	0	0
Ending balance		164,147	132,028
Unused credit commitments provision | Lifetime expected credit losses
Changes in provisions [Line Items]
Beginning balance		119,839	100,808
Transfer To 12 Month Expected Credit Loss		(55,295)	(42,728)
Transfer To Life Time Expected Credit Loss		11,365	9,314
Transfer To Impaired Financial Asset		(875)	(752)
Provided		65,455	53,076
Reversed		0	0
Provision used		0	0
Foreign exchange translation		(352)	121
Others	[1]	0	0
Ending balance		140,137	119,839
Unused credit commitments provision | Financial instruments credit-impaired
Changes in provisions [Line Items]
Beginning balance		11,885	5,137
Transfer To 12 Month Expected Credit Loss		(8,523)	(110)
Transfer To Life Time Expected Credit Loss		(1,482)	(28)
Transfer To Impaired Financial Asset		1,119	981
Provided			5,905
Reversed		(1,564)	0
Provision used		0	0
Foreign exchange translation		0	0
Others	[1]	0	0
Ending balance		1,435	11,885
Financial guarantee contracts
Changes in provisions [Line Items]
Beginning balance		100,430
Ending balance		83,851	100,430
Financial guarantee contracts | 12-month expected credit losses
Changes in provisions [Line Items]
Beginning balance		68,467	64,194
Transfer To 12 Month Expected Credit Loss		2,059	2,629
Transfer To Life Time Expected Credit Loss		(3,951)	(1,245)
Transfer To Impaired Financial Asset		0	(12)
Provided		8,258
Reversed			(4)
Provision used		0	0
Foreign exchange translation		(1,335)	1,302
Others	[1]	(18,948)	1,603
Ending balance		54,550	68,467
Financial guarantee contracts | Lifetime expected credit losses
Changes in provisions [Line Items]
Beginning balance		5,569	5,904
Transfer To 12 Month Expected Credit Loss		(2,059)	(2,629)
Transfer To Life Time Expected Credit Loss		3,951	1,245
Transfer To Impaired Financial Asset		0	0
Provided		1,845	96
Reversed		0	0
Provision used		0	0
Foreign exchange translation		(223)	323
Others	[1]	(1,748)	630
Ending balance		7,335	5,569
Financial guarantee contracts | Financial instruments credit-impaired
Changes in provisions [Line Items]
Beginning balance		811	1,757
Transfer To 12 Month Expected Credit Loss		0	0
Transfer To Life Time Expected Credit Loss		0	0
Transfer To Impaired Financial Asset		0	12
Reversed		(822)	(943)
Provision used		0	0
Foreign exchange translation		(49)	102
Others	[1]	70	(117)
Ending balance		10	811
Other provisions
Changes in provisions [Line Items]
Beginning balance		218,425	204,214
Provided		267,198	0
Reversed		(2,709)	(27,343)
Provision used		(49,755)	(66,512)
Foreign exchange translation		(463)	1,802
Others	[1]	4,231	8,282
Business combination (Note 47)		195	97,982
Ending balance		437,122	218,425
Asset retirement
Changes in provisions [Line Items]
Beginning balance		64,922	49,183
Provided		898
Reversed		0	(1,280)
Provision used		(2,463)	(1,930)
Foreign exchange translation		(3)	0
Others	[1]	2,305	4,476
Business combination (Note 47)		0	14,473
Ending balance		65,659	64,922
Litigation
Changes in provisions [Line Items]
Beginning balance		8,789	25,554
Provided		4,317
Reversed		0	(981)
Provision used		(638)	(17,365)
Foreign exchange translation		0	0
Others	[1]	0	0
Business combination (Note 47)		0	1,581
Ending balance		12,468	8,789
Guarantee
Changes in provisions [Line Items]
Beginning balance		25,583	43,470
Provided		0
Reversed		(2,709)	(19,329)
Provision used		0	0
Foreign exchange translation		(1,030)	1,420
Others	[1]	112	22
Business combination (Note 47)		0	0
Ending balance		21,956	25,583
Other
Changes in provisions [Line Items]
Beginning balance		119,131	86,007
Provided		261,983
Reversed		0	(5,753)
Provision used		(46,654)	(47,217)
Foreign exchange translation		570	382
Others	[1]	1,814	3,784
Business combination (Note 47)		195	81,928
Ending balance		₩ 337,039	₩ 119,131
[1]	Others include effects of the provision from the new financial guarantee contracts measured at fair value, expired contracts, effects of unwinding and change of discount rate.

Allowance for guarantees and ac

Allowance for guarantees and acceptances (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Allowance for guarantees and acceptances [Abstract]
Outstanding guarantees and acceptances	₩ 10,249,827	₩ 9,319,885
Contingent guarantees and acceptances	3,433,953	3,669,697
ABS and ABCP purchase commitments	1,604,958	2,116,354
Endorsed bill	1,650	11,287
Total Guarantees and acceptances	15,290,388	15,117,223
Allowance for loss on guarantees and acceptances	₩ 83,851	₩ 100,430
Ratio	0.55%	0.66%

Liability under insurance con_3

Liability under insurance contracts (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Liability under insurance contracts [Abstract]
Policy reserve	₩ 53,391,401	₩ 52,086,132
Policyholder's equity adjustment	68,829	77,285
Total Insurance liabilities	₩ 53,460,230	₩ 52,163,417

Policy reserve (Details)

Policy reserve (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Policy reserve [Abstract]
Interest rate linked	₩ 29,977,303	₩ 30,058,020
Fixed interest rate	23,414,098	22,028,112
Policy reserve, total	₩ 53,391,401	₩ 52,086,132

The details of policy reserves

The details of policy reserves (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Details of policy reserves [Line Items]
Premium reserve	₩ 51,232,644	₩ 50,113,972
Guarantee reserve	296,084	279,989
Unearned premium reserve	1,654	1,238
Reserve for outstanding claims	1,730,448	1,547,230
Interest rate difference guarantee reserve	2,087	2,317
Mortality gains reserve	45,543	51,273
Interest gains reserve	23,921	24,770
Expense gains reserve	14,942	15,646
Long term duration dividend reserve	42,524	46,603
Reserve for policyholder's profit dividend	1,080	2,268
Reserve for losses on dividend insurance contract	474	826
Policy reserve, total	53,391,401	52,086,132
Individual insurance
Details of policy reserves [Line Items]
Premium reserve	51,214,152	50,092,000
Guarantee reserve	296,084	279,989
Unearned premium reserve	1,641	947
Reserve for outstanding claims	1,715,064	1,530,372
Interest rate difference guarantee reserve	2,087	2,317
Mortality gains reserve	45,542	51,271
Interest gains reserve	23,921	24,770
Expense gains reserve	14,942	15,646
Long term duration dividend reserve	42,524	46,603
Reserve for policyholder's profit dividend	1,080	2,268
Reserve for losses on dividend insurance contract	474	826
Policy reserve, total	53,357,511	52,047,009
Pure endowment
Details of policy reserves [Line Items]
Premium reserve	14,597,735	14,668,777
Guarantee reserve	28,168	29,400
Unearned premium reserve	1	2
Reserve for outstanding claims	240,324	212,641
Interest rate difference guarantee reserve	1,937	2,158
Mortality gains reserve	7,865	8,945
Interest gains reserve	23,651	24,486
Expense gains reserve	6,606	6,211
Long term duration dividend reserve	28,737	31,202
Reserve for policyholder's profit dividend	1,080	2,268
Reserve for losses on dividend insurance contract	474	826
Policy reserve, total	14,936,578	14,986,916
Death
Details of policy reserves [Line Items]
Premium reserve	26,634,537	24,979,936
Guarantee reserve	267,154	249,845
Unearned premium reserve	1,640	945
Reserve for outstanding claims	1,111,052	1,084,472
Interest rate difference guarantee reserve	141	149
Mortality gains reserve	37,553	42,173
Interest gains reserve	256	267
Expense gains reserve	8,336	9,434
Long term duration dividend reserve	13,775	15,388
Reserve for policyholder's profit dividend	0	0
Reserve for losses on dividend insurance contract	0	0
Policy reserve, total	28,074,444	26,382,609
Endowment
Details of policy reserves [Line Items]
Premium reserve	9,981,880	10,443,287
Guarantee reserve	762	744
Unearned premium reserve	0	0
Reserve for outstanding claims	363,688	233,259
Interest rate difference guarantee reserve	9	10
Mortality gains reserve	124	153
Interest gains reserve	14	17
Expense gains reserve	0	1
Long term duration dividend reserve	12	13
Reserve for policyholder's profit dividend	0	0
Reserve for losses on dividend insurance contract	0	0
Policy reserve, total	10,346,489	10,677,484
Group insurance
Details of policy reserves [Line Items]
Premium reserve	18,492	21,972
Guarantee reserve	0	0
Unearned premium reserve	13	291
Reserve for outstanding claims	15,384	16,858
Interest rate difference guarantee reserve	0	0
Mortality gains reserve	1	2
Interest gains reserve	0	0
Expense gains reserve	0	0
Long term duration dividend reserve	0	0
Reserve for policyholder's profit dividend	0	0
Reserve for losses on dividend insurance contract	0	0
Policy reserve, total	33,890	39,123
Pure protection
Details of policy reserves [Line Items]
Premium reserve	18,430	21,912
Guarantee reserve	0	0
Unearned premium reserve	13	291
Reserve for outstanding claims	15,384	16,858
Interest rate difference guarantee reserve	0	0
Mortality gains reserve	1	2
Interest gains reserve	0	0
Expense gains reserve	0	0
Long term duration dividend reserve	0	0
Reserve for policyholder's profit dividend	0	0
Reserve for losses on dividend insurance contract	0	0
Policy reserve, total	33,828	39,063
Savings
Details of policy reserves [Line Items]
Premium reserve	62	60
Guarantee reserve	0	0
Unearned premium reserve	0	0
Reserve for outstanding claims	0	0
Interest rate difference guarantee reserve	0	0
Mortality gains reserve	0	0
Interest gains reserve	0	0
Expense gains reserve	0	0
Long term duration dividend reserve	0	0
Reserve for policyholder's profit dividend	0	0
Reserve for losses on dividend insurance contract	0	0
Policy reserve, total	₩ 62	₩ 60

Changes in policy reserves (Det

Changes in policy reserves (Details) ₩ in Millions	12 Months Ended
	Dec. 31, 2020KRW (₩)
Changes in policy reserves [Line Items]
Beginning Balance	₩ 52,086,132
Reserve	1,305,269	[1]
Ending Balance	53,391,401
Insurance contracts with fixed-interest
Changes in policy reserves [Line Items]
Beginning Balance	22,028,112
Reserve	1,385,986	[1]
Ending Balance	23,414,098
Insurance contracts with variable-interest
Changes in policy reserves [Line Items]
Beginning Balance	30,058,020
Reserve	(80,717)	[1]
Ending Balance	₩ 29,977,303
[1]	This is the amount of provision for insurance contract liabilities less changes in reinsurance assets.

Changes in policy reserves by i

Changes in policy reserves by insurance risk classification (Details) ₩ in Millions	12 Months Ended
	Dec. 31, 2020KRW (₩)
Changes in policy reserves by insurance risk classification [Line Items]
Beginning Balance	₩ 52,086,132
Reserve (reversal)	1,305,269	[1]
Ending Balance	53,391,401
Individual insurance
Changes in policy reserves by insurance risk classification [Line Items]
Beginning Balance	52,047,009
Reserve (reversal)	1,310,502	[1]
Ending Balance	53,357,511
Pure endowment
Changes in policy reserves by insurance risk classification [Line Items]
Beginning Balance	14,986,916
Reserve (reversal)	(50,338)	[1]
Ending Balance	14,936,578
Death
Changes in policy reserves by insurance risk classification [Line Items]
Beginning Balance	26,382,609
Reserve (reversal)	1,691,835	[1]
Ending Balance	28,074,444
Endowment
Changes in policy reserves by insurance risk classification [Line Items]
Beginning Balance	10,677,484
Reserve (reversal)	(330,995)	[1]
Ending Balance	10,346,489
Group insurance
Changes in policy reserves by insurance risk classification [Line Items]
Beginning Balance	39,123
Reserve (reversal)	(5,233)	[1]
Ending Balance	33,890
Pure protection
Changes in policy reserves by insurance risk classification [Line Items]
Beginning Balance	39,063
Reserve (reversal)	(5,235)	[1]
Ending Balance	33,828
Savings
Changes in policy reserves by insurance risk classification [Line Items]
Beginning Balance	60
Reserve (reversal)	2	[1]
Ending Balance	₩ 62
[1]	This is the amount of provision for insurance contract liabilities less changes in reinsurance assets.

Reinsurance credit risk (Detail

Reinsurance credit risk (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Reinsurance credit risk
Reinsurance credit risk [Line Items]
Reinsurance assets	₩ 42,280	₩ 48,262
Reinsurance account receivable	75,056	68,607
AAA
Reinsurance credit risk [Line Items]
Reinsurance assets	10,611	11,477
Reinsurance account receivable	47,690	18,192
AA- to AA+
Reinsurance credit risk [Line Items]
Reinsurance assets	29,294	34,498
Reinsurance account receivable	23,348	46,302
A- to A+
Reinsurance credit risk [Line Items]
Reinsurance assets	2,375	2,287
Reinsurance account receivable	₩ 4,018	₩ 4,113

Income or expenses on insurance

Income or expenses on insurance (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Insurance income:
Premium income		₩ 7,037,308	₩ 7,386,854	₩ 4,348,745
Reinsurance income		152,892	146,564	15,222
Separate account income		57,553	36,007	34,771
Insurance Income total		7,247,753	7,569,425	4,398,738
Insurance expenses:
Claims paid		(5,564,875)	(5,436,069)	(2,549,147)
Reinsurance premium expenses		(167,215)	(165,979)	(18,482)
Provision for policy reserves	[1]	(1,311,252)	(1,724,816)	(1,694,716)
Separate account expenses		(57,553)	(36,007)	(34,770)
Discount charge		(1,087)	(657)	(669)
Acquisition costs		(802,942)	(805,508)	(454,479)
Collection expenses		(18,835)	(19,049)	(16,046)
Deferred acquisition costs		486,972	495,534	283,665
Amortization of deferred acquisition costs		(414,898)	(373,800)	(385,793)
Insurance expenses total		(7,851,685)	(8,066,351)	(4,870,437)
Net loss on insurance		₩ (603,932)	₩ (496,926)	₩ (471,699)
[1]	Interest expenses on savings insurance contracts are included. (Accumulated W 964,816 million as of December 31, 2018, accumulated W 1,907,954 million as of December 31, 2019 and accumulated W 1,866,609 million as of December 31, 2020)

Maturity of premium reserve (De

Maturity of premium reserve (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Maturity of premium reserve [Line Items]
Fixed interest rate	₩ 23,931,706	₩ 21,160,256
Interest rate linked	27,300,938	28,953,716
Ending balance	51,232,644	50,113,972
Less than 1 year
Maturity of premium reserve [Line Items]
Fixed interest rate	164,890	213,892
Interest rate linked	929,268	845,304
Ending balance	1,094,158	1,059,196
1 ~ 3 Years
Maturity of premium reserve [Line Items]
Fixed interest rate	418,574	329,647
Interest rate linked	1,944,710	2,079,125
Ending balance	2,363,284	2,408,772
3 ~ 7 Years
Maturity of premium reserve [Line Items]
Fixed interest rate	983,635	1,032,366
Interest rate linked	1,819,554	2,118,652
Ending balance	2,803,189	3,151,018
7 ~ 10 Years
Maturity of premium reserve [Line Items]
Fixed interest rate	594,667	572,153
Interest rate linked	820,964	941,413
Ending balance	1,415,631	1,513,566
10 ~ 20 Years
Maturity of premium reserve [Line Items]
Fixed interest rate	2,090,669	2,058,859
Interest rate linked	2,056,906	2,236,313
Ending balance	4,147,575	4,295,172
More than 20 Years
Maturity of premium reserve [Line Items]
Fixed interest rate	19,679,271	16,953,339
Interest rate linked	19,729,536	20,732,909
Ending balance	₩ 39,408,807	₩ 37,686,248

The result of liability adequac

The result of liability adequacy test (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Shinhan Life Insurance Co., Ltd.
The result of liability adequacy test [Line Items]
Provisions for test	₩ 23,366,310	₩ 22,741,364
LAT base	18,777,576	18,594,581
Premium loss (surplus)	4,588,734	4,146,783
Shinhan Life Insurance Co., Ltd. | Variable type
The result of liability adequacy test [Line Items]
Provisions for test	165,259	155,751
LAT base	36,127	33,678
Premium loss (surplus)	129,132	122,073
Shinhan Life Insurance Co., Ltd. | Participating
The result of liability adequacy test [Line Items]
Provisions for test	7,829,275	7,203,538
LAT base	4,845,403	4,476,050
Premium loss (surplus)	2,983,872	2,727,488
Shinhan Life Insurance Co., Ltd. | Participating | Fixed interest
The result of liability adequacy test [Line Items]
Provisions for test	598,793	595,317
LAT base	1,301,878	1,307,717
Premium loss (surplus)	(703,085)	(712,400)
Shinhan Life Insurance Co., Ltd. | Participating | Variable interest
The result of liability adequacy test [Line Items]
Provisions for test	7,230,482	6,608,221
LAT base	3,543,525	3,168,333
Premium loss (surplus)	3,686,957	3,439,888
Shinhan Life Insurance Co., Ltd. | Non-Participating
The result of liability adequacy test [Line Items]
Provisions for test	15,371,776	15,382,075
LAT base	13,896,046	14,084,853
Premium loss (surplus)	1,475,730	1,297,222
Shinhan Life Insurance Co., Ltd. | Non-Participating | Fixed interest
The result of liability adequacy test [Line Items]
Provisions for test	915,382	900,378
LAT base	1,013,181	1,039,624
Premium loss (surplus)	(97,799)	(139,246)
Shinhan Life Insurance Co., Ltd. | Non-Participating | Variable interest
The result of liability adequacy test [Line Items]
Provisions for test	14,456,394	14,481,697
LAT base	12,882,865	13,045,229
Premium loss (surplus)	1,573,529	1,436,468
Orange Life Insurance Co., Ltd.
The result of liability adequacy test [Line Items]
Provisions for test	21,156,900	20,329,667
LAT base	14,308,067	14,699,665
Premium loss (surplus)	6,848,833	5,630,002
Orange Life Insurance Co., Ltd. | Participating
The result of liability adequacy test [Line Items]
Provisions for test	1,920,421	1,850,852
LAT base	2,343,609	2,317,538
Premium loss (surplus)	(423,188)	(466,686)
Orange Life Insurance Co., Ltd. | Participating | Fixed interest
The result of liability adequacy test [Line Items]
Provisions for test	745,614	716,607
LAT base	694,536	697,291
Premium loss (surplus)	51,078	19,316
Orange Life Insurance Co., Ltd. | Participating | Variable interest
The result of liability adequacy test [Line Items]
Provisions for test	1,174,807	1,134,245
LAT base	1,649,073	1,620,247
Premium loss (surplus)	(474,266)	(486,002)
Orange Life Insurance Co., Ltd. | Non-Participating
The result of liability adequacy test [Line Items]
Provisions for test	19,236,479	18,478,815
LAT base	11,964,458	12,382,127
Premium loss (surplus)	7,272,021	6,096,688
Orange Life Insurance Co., Ltd. | Non-Participating | Fixed interest
The result of liability adequacy test [Line Items]
Provisions for test	10,061,004	9,296,542
LAT base	4,810,110	5,150,200
Premium loss (surplus)	5,250,894	4,146,342
Orange Life Insurance Co., Ltd. | Non-Participating | Variable interest
The result of liability adequacy test [Line Items]
Provisions for test	9,190,507	9,236,730
LAT base	8,743,848	8,924,855
Premium loss (surplus)	446,659	311,875
Orange Life Insurance Co., Ltd. | Non-Participating | Performance allocation type
The result of liability adequacy test [Line Items]
Provisions for test	(15,032)	(54,457)
LAT base	(1,589,500)	(1,692,928)
Premium loss (surplus)	₩ 1,574,468	₩ 1,638,471

Other liabilities (Details)

Other liabilities (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other liabilities [Abstract]
Lease liabilities	[1]	₩ 594,161	₩ 1,104,259
Accounts payable		14,568,962	11,894,764	₩ 9,748,168
Accrued expenses		3,054,247	3,502,538
Dividend payable		32,508	31,599
Advance received		164,885	173,850
Unearned income		317,283	294,710	236,827
Withholding value-added tax and other taxes		692,719	720,053
Securities deposit received		2,198,722	1,903,119
Foreign exchange settlement pending		259,138	243,532
Domestic exchange settlement pending		5,745,338	1,452,955
Payable from trust account		5,086,459	5,350,285
Due to agencies		790,486	744,660
Deposits for subscription		148,506	60,500
Separate account liabilities		10,120,258	8,700,695
Sundry liabilities		1,617,449	1,968,823	₩ 2,496,169
Others		185,027	151,056
Present value discount		(49,935)	(59,840)
Other liabilities		₩ 45,526,213	₩ 38,237,558
[1]	As of December 31, 2020, the Group accounts the lease liabilities as other liabilities. For the year ended December 31, 2020, the amount of variable lease payments that are not included in the measurement of lease liabilities is W 114 million, cash outflows from leases are W 788,532 million, and interest expense on lease liabilities is W 14,504 million.

Equity (Details)

Equity (Details) - KRW (₩) ₩ in Millions		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Capital stock:
Common stock	[1]	₩ 2,608,176	₩ 2,370,998
Preferred stock		361,465	361,465
Capital stock		2,969,641	2,732,463
Hybrid bonds		2,179,934	1,731,235
Capital surplus:
Share premium		11,352,924	10,155,150
Others		882,015	410,203
Capital surplus		12,234,939	10,565,353
Capital adjustments		(687,935)	(1,116,770)	₩ (552,895)
Accumulated other comprehensive income, net of tax:
Gain on financial assets at fair value through other comprehensive income		226,811	306,470
Gain (Loss) on financial assets at fair value through profit or loss (overlay approach)		161,919	71,621
Equity in other comprehensive income of associates		4,849	8,177
Foreign currency translation adjustments for foreign operations		(377,061)	(217,465)
Net loss from cash flow hedges		(48,171)	(33,711)
Other comprehensive income of separate account		18,423	14,539
Actuarial gains (losses)		(385,780)	(401,532)
Changes in own credit risk on financial liabilities designated under fair value option		(5,171)	(8,255)
Accumulated other comprehensive income, net of tax		(404,181)	(260,156)
Retained earnings	[2],[3],[4]	27,777,169	25,525,821
Non-controlling interests	[5],[6]	2,287,291	2,752,435
Total equity		₩ 46,356,858	₩ 41,930,381
[1]	For the year ended December 31, 2020, it increased due to common stock and third-party allocation paid-in capital increase issued when the Group acquired residual shares of Orange Life Insurance Co., Ltd and Neoplux Co, Ltd. The cost deducted from the issuing capital is W13,300 million. Affinity Equity Partners and Baring Private Equity Asia who have participated in third-party allocation-based capital increase have a right to practically appoint one director, respectively.
[2]	As of December 31, 2019 and 2020, profits reserved by the Group as of Article 53 of the Financial Holding Companies Act amounted to W2,191,677 million and W2,304,595 million, respectively.
[3]	As of December 31, 2019 and 2020, the regulatory reserves for loan losses the Group appropriated in retained earnings are W8,728 million and W11,988 million, respectively.
[4]	As of December 31, 2020, profit dividends within retained earnings of subsidiaries of the Group subject to a restricted dividend in accordance with laws, etc. are amounted to W6,824,002 million.
[5]	As of December 31, 2019 and 2020, the total amounts of hybrid bonds that Shinhan Bank, Jeju Bank and Shinhan Capital have recognized as non-controlling interests are W1,147,635 million and W2,035,762 million, respectively. And, for the years ended December 31, 2019 and 2020, the amounts of dividends paid for the hybrid bonds by Shinhan Bank, Jeju Bank, and Shinhan Capital, W36,729 million and W54,619 million, respectively, are allocated to profit attributed to non-controlling interest.
[6]	The non-controlling interest of W1,330,337 million decreased due to taking over for Orange Life Insurance Co.,Ltd. for the year ended December 31, 2020.

Capital stock of the Group (Det

Capital stock of the Group (Details) - ₩ / shares		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Capital stock of the Group [Line Items]
Number of shares issued		533,376,758
Common stocks
Capital stock of the Group [Line Items]
Number of authorized shares		1,000,000,000	1,000,000,000
Par value per share in won		₩ 5,000	₩ 5,000
Number of shares issued		516,599,554	474,199,587
Preferred stocks
Capital stock of the Group [Line Items]
Number of authorized shares		1,000,000,000	1,000,000,000
Par value per share in won		₩ 5,000	₩ 5,000
Number of shares issued		17,482,000	17,482,000
Contracted dividend rate		4.0% per year based on issue price (non-cumulative participating)
Conversion request period	[1]	2020.05.01~2023.04.30
[1]	Preferred stocks that have not been converted for 4 years from the issuance date and until the expiration date of the period of existence are automatically converted to common stocks at the expiration date of the period of existence.

The details of changes in the a

The details of changes in the average number of common shares outstanding (Details)	12 Months Ended
	Dec. 31, 2020shares
Changes in number of shares outstanding [Abstract]
Number of shares outstanding at beginning of period	460,317,525
Increase of shares outstanding	60,626,827
Decrease of shares outstanding	(5,049,594)
Number of shares outstanding at end of period	515,894,758

Hybrid bond (Details)

Hybrid bond (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Hybrid bond [Line Items]
Currency	KRW, USD	KRW, USD
Amount	₩ 2,179,934	₩ 1,731,235
2nd
Hybrid bond [Line Items]
Currency	KRW	KRW
Amount	₩ 199,455	₩ 199,455
Issue date	Jun. 25, 2015	Jun. 25, 2015
Maturity date	Jun. 25, 2045	Jun. 25, 2045
Interest rate (%)	4.38%	4.38%
3rd
Hybrid bond [Line Items]
Currency	KRW	KRW
Amount	₩ 134,683	₩ 134,683
Issue date	Sep. 15, 2017	Sep. 15, 2017
Interest rate (%)	3.77%	3.77%
4th
Hybrid bond [Line Items]
Currency	KRW	KRW
Amount	₩ 89,783	₩ 89,783
Issue date	Sep. 15, 2017	Sep. 15, 2017
Interest rate (%)	4.25%	4.25%
5th
Hybrid bond [Line Items]
Currency	KRW	KRW
Amount	₩ 134,678	₩ 134,678
Issue date	Apr. 13, 2018	Apr. 13, 2018
Interest rate (%)	4.08%	4.08%
6th
Hybrid bond [Line Items]
Currency	KRW	KRW
Amount	₩ 14,955	₩ 14,955
Issue date	Apr. 13, 2018	Apr. 13, 2018
Interest rate (%)	4.56%	4.56%
7th
Hybrid bond [Line Items]
Currency	KRW	KRW
Amount	₩ 398,679	₩ 398,679
Issue date	Aug. 29, 2018	Aug. 29, 2018
Interest rate (%)	4.15%	4.15%
8th
Hybrid bond [Line Items]
Currency	USD	USD
Amount	₩ 559,526	₩ 559,526
Issue date	Aug. 13, 2018	Aug. 13, 2018
Interest rate (%)	5.88%	5.88%
9th
Hybrid bond [Line Items]
Currency	KRW	KRW
Amount	₩ 199,476	₩ 199,476
Issue date	Jun. 28, 2019	Jun. 28, 2019
Interest rate (%)	3.27%	3.27%
10th
Hybrid bond [Line Items]
Currency	KRW
Amount	₩ 448,699
Issue date	Sep. 17, 2020
Interest rate (%)	3.12%

Capital adjustments (Details)

Capital adjustments (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Capital adjustments [Abstract]
Beginning balance	₩ (1,116,770)	₩ (552,895)
Acquisition of treasury stock	(150,467)	(444,077)	₩ (155,923)
Disposal and Retirement of treasury stocks	601,809	0
Acquisition commitment amount for subsidiaries' remaining shares	(22,019)	(125,830)
Other transactions with owners	(488)	6,032
Ending balance	₩ (687,935)	₩ (1,116,770)	₩ (552,895)

Accumulated other comprehensive

Accumulated other comprehensive income (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Accumulated other comprehensive income [Line Items]
Beginning balance	₩ (260,156)	₩ (753,220)
Change due to fair value	97,138	743,697
Reclassification:
Change due to impairment or disposal	(85,474)	(23,281)
Effect of hedge accounting	144,750	(75,020)
Hedging	(124,020)	(9)
Effects from exchange rate fluctuations	(218,866)	148,192
Remeasurements of the defined benefit plans	21,422	(75,595)
Deferred income taxes	(8,794)	(152,074)
Transfer To Other Account	27,825	5,860
Non-controlling interests	1,994	(78,706)
Ending balance	(404,181)	(260,156)
Items that are or may be reclassified to profit or loss
Accumulated other comprehensive income [Line Items]
Beginning balance	76,505	(460,958)
Change due to fair value	125,975	735,394
Reclassification:
Change due to impairment or disposal	(99,416)	(23,281)
Effect of hedge accounting	144,750	(75,020)
Hedging	(124,020)	(9)
Effects from exchange rate fluctuations	(219,587)	147,899
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	553	(169,020)
Transfer To Other Account	0	0
Non-controlling interests	2,054	(78,500)
Ending balance	(93,186)	76,505
Gain(loss) on financial asset at fair value through other comprehensive income
Accumulated other comprehensive income [Line Items]
Beginning balance	233,328	(51,300)
Change due to fair value	(3,601)	491,953
Reclassification:
Change due to impairment or disposal	(105,274)	(23,281)
Effect of hedge accounting	0	0
Hedging	(4,395)	(731)
Effects from exchange rate fluctuations	0	0
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	26,486	(115,856)
Transfer To Other Account	0	0
Non-controlling interests	285	(67,457)
Ending balance	146,829	233,328
Gain (loss) on valuation of financial asset measured at FVTPL (overlay approach)
Accumulated other comprehensive income [Line Items]
Beginning balance	71,621	(79,057)
Change due to fair value	125,298	225,706
Reclassification:
Change due to impairment or disposal	0	0
Effect of hedge accounting	0	0
Hedging	0	0
Effects from exchange rate fluctuations	74	0
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	(35,074)	(62,739)
Transfer To Other Account	0	0
Non-controlling interests	0	(12,289)
Ending balance	161,919	71,621
Equity in other comprehensive income of associates
Accumulated other comprehensive income [Line Items]
Beginning balance	8,193	4,891
Change due to fair value	(1,080)	3,353
Reclassification:
Change due to impairment or disposal	0	0
Effect of hedge accounting	0	0
Hedging	0	0
Effects from exchange rate fluctuations	(355)	0
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	(1,883)	(51)
Transfer To Other Account	0	0
Non-controlling interests	0	0
Ending balance	4,875	8,193
Foreign currency translation adjustments for foreign operations
Accumulated other comprehensive income [Line Items]
Beginning balance	(217,465)	(321,853)
Change due to fair value	0	0
Reclassification:
Change due to impairment or disposal	5,858	0
Effect of hedge accounting	0	0
Hedging	45,083	(49,361)
Effects from exchange rate fluctuations	(219,306)	147,899
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	7,000	7,233
Transfer To Other Account	0	0
Non-controlling interests	1,769	(1,383)
Ending balance	(377,061)	(217,465)
Net loss from cash flow hedges
Accumulated other comprehensive income [Line Items]
Beginning balance	(33,711)	(17,751)
Change due to fair value	0	0
Reclassification:
Change due to impairment or disposal	0	0
Effect of hedge accounting	144,750	(75,020)
Hedging	(164,708)	50,083
Effects from exchange rate fluctuations	0	0
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	5,498	6,348
Transfer To Other Account	0	0
Non-controlling interests	0	2,629
Ending balance	(48,171)	(33,711)
Other comprehensive income of separate account
Accumulated other comprehensive income [Line Items]
Beginning balance	14,539	4,112
Change due to fair value	5,358	14,382
Reclassification:
Change due to impairment or disposal	0	0
Effect of hedge accounting	0	0
Hedging	0	0
Effects from exchange rate fluctuations	0	0
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	(1,474)	(3,955)
Transfer To Other Account	0	0
Non-controlling interests	0	0
Ending balance	18,423	14,539
Items that will never be reclassified to profit or loss
Accumulated other comprehensive income [Line Items]
Beginning balance	(336,661)	(292,262)
Change due to fair value	(28,837)	8,303
Reclassification:
Change due to impairment or disposal	13,942	0
Effect of hedge accounting	0	0
Hedging	0	0
Effects from exchange rate fluctuations	721	293
Remeasurements of the defined benefit plans	21,422	(75,595)
Deferred income taxes	(9,347)	16,946
Transfer To Other Account	27,825	5,860
Non-controlling interests	(60)	(206)
Ending balance	(310,995)	(336,661)
Remeasurements of the defined benefit plans
Accumulated other comprehensive income [Line Items]
Beginning balance	(401,532)	(346,682)
Change due to fair value	0	0
Reclassification:
Change due to impairment or disposal	0	0
Effect of hedge accounting	0	0
Hedging	0	0
Effects from exchange rate fluctuations	0	0
Remeasurements of the defined benefit plans	21,422	(75,595)
Deferred income taxes	(5,610)	20,951
Transfer To Other Account	0	0
Non-controlling interests	(60)	(206)
Ending balance	(385,780)	(401,532)
Equity in other comprehensive income of associates
Accumulated other comprehensive income [Line Items]
Beginning balance	(16)	(8)
Change due to fair value	(15)	(11)
Reclassification:
Change due to impairment or disposal	0	0
Effect of hedge accounting	0	0
Hedging	0	0
Effects from exchange rate fluctuations	0	0
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	5	3
Transfer To Other Account	0	0
Non-controlling interests	0	0
Ending balance	(26)	(16)
Gain (loss) on financial asset at fair value through other comprehensive income
Accumulated other comprehensive income [Line Items]
Beginning balance	73,142	54,258
Change due to fair value	(19,133)	19,935
Reclassification:
Change due to impairment or disposal	0	0
Effect of hedge accounting	0	0
Hedging	0	0
Effects from exchange rate fluctuations	721	293
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	(2,573)	(7,204)
Transfer To Other Account	27,825	5,860
Non-controlling interests	0	0
Ending balance	79,982	73,142
Changes in own credit risk on financial liabilities designated under fair value option
Accumulated other comprehensive income [Line Items]
Beginning balance	(8,255)	170
Change due to fair value	(9,689)	(11,621)
Reclassification:
Change due to impairment or disposal	13,942	0
Effect of hedge accounting	0	0
Hedging	0	0
Effects from exchange rate fluctuations	0	0
Remeasurements of the defined benefit plans	0	0
Deferred income taxes	(1,169)	3,196
Transfer To Other Account	0	0
Non-controlling interests	0	0
Ending balance	₩ (5,171)	₩ (8,255)

Appropriation of retained earni

Appropriation of retained earnings (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Appropriation of retained earnings [Line Items]
Balance at beginning of year	[1],[2],[3]	₩ 25,525,821
Dividends to hybrid bonds		(85,327)	₩ (61,993)	₩ (40,357)
Net income		3,498,076	3,642,384	3,198,265
Unappropriated retained earnings to be carried over to subsequent year	[1],[2],[3]	27,777,169	25,525,821
Parent Company only
Appropriation of retained earnings [Line Items]
Balance at beginning of year		5,251,413	5,184,339
Retirement of treasury stock		(150,325)	0
Dividends to hybrid bonds		(85,327)	(61,993)
Net income		1,274,443	1,129,173	1,234,883
Unappropriated retained earnings		6,290,204	6,251,519
Legal reserve		(127,444)	(112,917)
Dividends on common stocks paid		(773,839)	(851,587)
Dividends on preferred stocks paid		(29,999)	(32,342)
Regulatory reserve for loan losses		(3,564)	(3,260)
Appropriation of retained earnings		(934,846)	(1,000,106)
Unappropriated retained earnings to be carried over to subsequent year		₩ 5,355,358	₩ 5,251,413	₩ 5,184,339
Date of appropriation		Mar. 25, 2021	Mar. 26, 2020
[1]	As of December 31, 2019 and 2020, profits reserved by the Group as of Article 53 of the Financial Holding Companies Act amounted to W2,191,677 million and W2,304,595 million, respectively.
[2]	As of December 31, 2019 and 2020, the regulatory reserves for loan losses the Group appropriated in retained earnings are W8,728 million and W11,988 million, respectively.
[3]	As of December 31, 2020, profit dividends within retained earnings of subsidiaries of the Group subject to a restricted dividend in accordance with laws, etc. are amounted to W6,824,002 million.

Changes in regulatory reserve f

Changes in regulatory reserve for loan losses (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Changes in regulatory reserve for loan losses [Abstract]
Beginning balance	₩ 3,161,170	₩ 2,844,690
Business Combination	0	25,608
Planned regulatory reversal of loan losses	168,729	290,872
Ending balance	₩ 3,329,899	₩ 3,161,170

Profit attributable to equity h

Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses (Details) - KRW (₩) ₩ / shares in Units, ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Profit attributable to equity holders of Shinhan Financial Group and earnings per share after factoring in regulatory reserve for loan losses [Abstract]
Profit (loss), attributable to owners of parent	[1]	₩ 3,414,595	₩ 3,403,497	₩ 3,156,722
Provision for regulatory reserve for loan losses		(177,620)	(292,728)
Profit attributable to equity holders of Shinhan Financial Group after adjusted for regulatory reserve		₩ 3,236,975	₩ 3,110,769
Basic and diluted earnings per share after adjusted for regulatory reserve in won	[2]	₩ 6,299	₩ 6,387
[1]	The increase in reserve for credit losses, W25,608 million, due to the business combination with Orange Life insurance and Asia Trust for the year ended December 31, 2019 is excluded.
[2]	Dividends for hybrid bonds are deducted.

Acquisition of treasury stock (

Acquisition of treasury stock (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Acquisition Of Treasury Stock [Line Items]
Acquisition of treasury stock	₩ 150,467	₩ 444,077	₩ 155,923
Carrying value
Acquisition Of Treasury Stock [Line Items]
Beginning balance	600,000	155,923
Acquisition of treasury stock	150,467	444,077
Disposal of treasury stock	(572,252)	0
Retirement of treasury stock	(150,000)	0
Ending balance	₩ 28,215	₩ 600,000	₩ 155,923
Number of share
Acquisition Of Treasury Stock [Line Items]
Beginning number of share	13,882,062	3,648,659
Number of treasury shares acquired	5,049,594	10,233,403
Number of treasury shares disposed	13,191,202	0
Number of treasury shares retired	5,035,658	0
Ending number of share	704,796	13,882,062	3,648,659

Details of dividends recognized

Details of dividends recognized as distributions to stockholders (Details) - KRW (₩) ₩ / shares in Units, ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Details of dividends recognized as distributions to stockholders [Line Items]
Total number of shares issued and outstanding		533,376,758
Common stocks
Details of dividends recognized as distributions to stockholders [Line Items]
Total number of shares issued and outstanding		516,599,554	474,199,587
Par value per share in won		₩ 5,000	₩ 5,000
Common stocks:
Dividend per share in won		₩ 1,500	₩ 1,850
Dividends	[1]	₩ 773,839	₩ 851,587
Preferred stocks:
Dividend rate per share (%)		30.00%	37.00%
Preferred stocks
Details of dividends recognized as distributions to stockholders [Line Items]
Total number of shares issued and outstanding		17,482,000	17,482,000
Par value per share in won		₩ 5,000	₩ 5,000
Preferred stocks:
Dividend per share in won		₩ 1,716	₩ 1,850
Dividends		₩ 29,999	₩ 32,342
Dividend rate per share (%)		34.30%	37.00%
[1]	Dividends on own shares held by the Group are excluded.

Dividend for hybrid bond (Detai

Dividend for hybrid bond (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Dividend for hybrid bond [Abstract]
Amount of hybrid bond	₩ 2,188,150	₩ 1,738,150
Maximum Interest rate (%)	5.88%	5.88%
Minimum Interest rate (%)	3.12%	3.27%
Dividends	₩ 85,327	₩ 61,993	₩ 40,357

Net interest income (Details)

Net interest income (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest income:
Cash and deposits at amortized cost	₩ 128,023	₩ 210,415	₩ 155,075
Deposits at FVTPL	13,888	31,506	33,845
Securities at FVTPL	742,958	740,378	623,651
Securities at FVOCI	957,817	1,077,995	759,301
Securities at amortized cost	1,076,849	1,061,262	730,382
Loans at amortized cost	11,697,775	12,435,302	11,158,558
Loans at FVTPL	73,991	56,961	23,110
Others	82,695	93,543	88,534
Interest income	14,773,996	15,707,362	13,572,456
Interest expense:
Deposits	(2,842,625)	(3,644,632)	(3,091,659)
Borrowings	(426,607)	(551,416)	(468,068)
Debt securities issued	(1,554,544)	(1,666,257)	(1,336,840)
Others	(67,520)	(107,093)	(95,800)
Interest expense	(4,891,296)	(5,969,398)	(4,992,367)
Net interest income	₩ 9,882,700	₩ 9,737,964	₩ 8,580,089

Net fees and commission incom_2

Net fees and commission income (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fees and commission income:
Credit placement fees		₩ 94,836	₩ 66,666	₩ 62,766
Commission received as electronic charge receipt		143,449	151,584	146,309
Brokerage fees		546,236	353,382	412,165
Commission received as agency		145,162	140,484	120,508
Investment banking fees		161,439	151,031	91,273
Commission received in foreign exchange activities		239,467	244,325	214,395
Asset management fees		255,043	307,167	235,275
Credit card fees		1,170,078	1,234,239	1,360,322
Operating lease fees	[1]	245,173	142,025	82,141
Others		813,591	766,110	570,102
Fees and commission income		3,814,474	3,557,013	3,295,256
Fees and commission expense:
Credit-related fee		(46,456)	(42,023)	(36,817)
Credit card fees		(849,256)	(915,521)	(944,533)
Others		(535,829)	(458,950)	(374,909)
Fees and commission expense		(1,431,541)	(1,416,494)	(1,356,259)
Net fees and commission income		₩ 2,382,933	₩ 2,140,519	₩ 1,938,997
[1]	Among operating lease fees recognized during the current and prior periods, there is no variable lease fee income which does not vary by index or rate.

Dividend income (Details)

Dividend income (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Details of Dividend income [Line Items]
Dividend income	₩ 97,956	₩ 82,158	₩ 87,826
Securities at FVTPL
Details of Dividend income [Line Items]
Dividend income	76,453	65,572	70,955
Securities at fair value through other comprehensive income
Details of Dividend income [Line Items]
Dividend income	₩ 21,503	₩ 16,586	₩ 16,871

Net gain (loss) on financial _5

Net gain (loss) on financial instruments measured at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items]
Net gain (loss) on financial instruments at fair value through profit or loss	₩ 272,830	₩ 1,385,482	₩ 420,026
Due from banks at FVTPL
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items]
Gain (loss) on valuation	1,267	87,374	(61,848)
Gain (loss) on sale	28,461	13,400	0
Gain (loss) on valuation of debt securities	0	0	0
Gain (loss) on sale of debt securities	0	0	0
Other gains (losses) of debt securities	0	0	0
Gain (loss) on valuation of equity securities	0	0	0
Gain (loss) on sale of equity securities	0	0	0
Gain (loss) on valuation of other securities	0	0	0
Gain (loss) on sale of other securities	0	0	0
Gain (loss) on transaction of derivatives	0	0	0
Gain on valuation of derivatives	0	0	0
Loss on valuation of derivatives	0	0	0
Net gain (loss) on financial instruments at fair value through profit or loss	29,728	100,774	(61,848)
Loan receivables measured at FVTPL
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items]
Gain (loss) on valuation	(204,702)	(248,032)	916
Gain (loss) on sale	17,516	10,395	9,133
Gain (loss) on valuation of debt securities	0	0	0
Gain (loss) on sale of debt securities	0	0	0
Other gains (losses) of debt securities	0	0	0
Gain (loss) on valuation of equity securities	0	0	0
Gain (loss) on sale of equity securities	0	0	0
Gain (loss) on valuation of other securities	0	0	0
Gain (loss) on sale of other securities	0	0	0
Gain (loss) on transaction of derivatives	0	0	0
Gain on valuation of derivatives	0	0	0
Loss on valuation of derivatives	0	0	0
Net gain (loss) on financial instruments at fair value through profit or loss	(187,186)	(237,637)	10,049
Securities at FVTPL
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items]
Gain (loss) on valuation	0	0	0
Gain (loss) on sale	0	0	0
Gain (loss) on valuation of debt securities	41,208	137,181	111,029
Gain (loss) on sale of debt securities	72,338	125,431	78,718
Other gains (losses) of debt securities	331,837	297,024	223,731
Gain (loss) on valuation of equity securities	134,922	141,246	286,801
Gain (loss) on sale of equity securities	283,265	183,969	(275,356)
Gain (loss) on valuation of other securities	22,690	28,803	19,086
Gain (loss) on sale of other securities	0	0	0
Gain (loss) on transaction of derivatives	0	0	0
Gain on valuation of derivatives	0	0	0
Loss on valuation of derivatives	0	0	0
Net gain (loss) on financial instruments at fair value through profit or loss	886,260	913,654	444,009
Financial liabilities at fair value through profit or loss
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items]
Gain (loss) on valuation	0	0	0
Gain (loss) on sale	0	0	0
Gain (loss) on valuation of debt securities	(48,261)	(16,810)	(115,667)
Gain (loss) on sale of debt securities	82,724	(35,710)	268,932
Other gains (losses) of debt securities	0	0	0
Gain (loss) on valuation of equity securities	0	0	0
Gain (loss) on sale of equity securities	0	0	0
Gain (loss) on valuation of other securities	(83,316)	(91,025)	(14,892)
Gain (loss) on sale of other securities	8,313	4,169	1,394
Gain (loss) on transaction of derivatives	0	0	0
Gain on valuation of derivatives	0	0	0
Loss on valuation of derivatives	0	0	0
Net gain (loss) on financial instruments at fair value through profit or loss	(40,540)	(139,376)	139,767
Derivatives
Net gain (loss) on financial instruments measured at fair value through profit or loss [Line Items]
Gain (loss) on valuation	0	0	0
Gain (loss) on sale	0	0	0
Gain (loss) on valuation of debt securities	0	0	0
Gain (loss) on sale of debt securities	0	0	0
Other gains (losses) of debt securities	0	0	0
Gain (loss) on valuation of equity securities	0	0	0
Gain (loss) on sale of equity securities	0	0	0
Gain (loss) on valuation of other securities	0	0	0
Gain (loss) on sale of other securities	0	0	0
Gain (loss) on transaction of derivatives	(661,113)	359,187	179,928
Gain on valuation of derivatives	245,681	388,880	0
Loss on valuation of derivatives	0	0	(291,879)
Net gain (loss) on financial instruments at fair value through profit or loss	₩ (415,432)	₩ 748,067	₩ (111,951)

Net gain (loss) on financial _6

Net gain (loss) on financial instruments designated at fair value through profit or loss (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net gain (loss) on financial instruments designated at fair value through profit or loss [Line Items]
Net gain (loss) on financial instruments designated at fair value through profit or loss	₩ 198,239	₩ (846,046)	₩ (26,643)
Financial assets designated at fair value through profit or loss
Net gain (loss) on financial instruments designated at fair value through profit or loss [Line Items]
Gain (loss) on sale of equity securities	0	0	(4,737)
Gain (loss) on valuation Borrowings	0	0	0
Loss on disposal and redemption of Borrowings	0	0	0
Net gain (loss) on financial instruments designated at fair value through profit or loss	0	0	(4,737)
Financial liabilities designated at fair value through profit or loss
Net gain (loss) on financial instruments designated at fair value through profit or loss [Line Items]
Gain (loss) on sale of equity securities	0	0	0
Gain (loss) on valuation Borrowings	241,066	(33,871)	382,667
Loss on disposal and redemption of Borrowings	(42,827)	(812,175)	(404,573)
Net gain (loss) on financial instruments designated at fair value through profit or loss	₩ 198,239	₩ (846,046)	₩ (21,906)

Provision for allowance for c_3

Provision for allowance for credit loss on financial assets (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Provision for allowance for credit loss [Line Items]
Allowance provided (reversed) for credit loss	₩ (1,382,179)	₩ (980,692)
Loans at amortized cost net category
Provision for allowance for credit loss [Line Items]
Provision for (reversal of) allowance	(1,290,695)	(910,898)
Provision for (reversal of) allowance	0	0
Provision for (reversal of) allowance	0	0
Allowance provided (reversed) for credit loss	(1,290,695)	(910,898)
Others
Provision for allowance for credit loss [Line Items]
Provision for (reversal of) allowance	(33,785)	(33,945)
Provision for (reversal of) allowance	0	0
Provision for (reversal of) allowance	0	0
Allowance provided (reversed) for credit loss	(33,785)	(33,945)
Securities at fair value through other comprehensive income
Provision for allowance for credit loss [Line Items]
Provision for (reversal of) allowance	0	0
Provision for (reversal of) allowance	(3,829)	(5,787)
Provision for (reversal of) allowance	0	0
Allowance provided (reversed) for credit loss	(3,829)	(5,787)
Unused credit line and financial guarantee
Provision for allowance for credit loss [Line Items]
Provision for (reversal of) allowance	0	0
Provision for (reversal of) allowance	0	0
Provision for (reversal of) allowance	(52,795)	(29,519)
Allowance provided (reversed) for credit loss	(52,795)	(29,519)
Securities at amortized cost
Provision for allowance for credit loss [Line Items]
Provision for (reversal of) allowance	0	0
Provision for (reversal of) allowance	(1,075)	(543)
Provision for (reversal of) allowance	0	0
Allowance provided (reversed) for credit loss	₩ (1,075)	₩ (543)

General and administrative ex_3

General and administrative expense (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Employee benefits:
Salaries	₩ 3,034,543	₩ 2,918,065	₩ 2,736,604
Defined contribution	36,660	35,972	23,745
Defined benefit	184,753	168,732	133,749
Termination benefits	94,723	122,732	115,275
Subtotal	3,350,679	3,245,501	3,009,373
Entertainment	34,963	36,931	30,442
Depreciation	475,506	479,657	171,771
Amortization	129,976	99,208	73,575
Taxes and utility bills	197,996	197,691	176,133
Advertising	204,308	265,739	287,688
Research	20,271	17,742	13,928
Others	798,774	792,205	978,665
General and administrative expenses	₩ 5,212,473	₩ 5,134,674	₩ 4,741,575

Stock options granted (Details)

Stock options granted (Details)	12 Months Ended
	Dec. 31, 2020₩ / shares
6th grant
Stock options granted [Line Items]
Grant date	March 20, 2007
Exercise price in won	₩ 54,560
Number of shares granted	1,301,050
Options expiry dates	Aug. 19, 2020
Changes in number of shares granted:
Balance at January 1, 2020	58,764
Exercised and cancelled	58,764
Balance at December 31, 2020	0
7th grant
Stock options granted [Line Items]
Grant date	March 19, 2008
Exercise price in won	₩ 49,053
Number of shares granted	808,700
Options expiry dates	May NaN, 2021
Changes in number of shares granted:
Balance at January 1, 2020	36,162
Exercised and cancelled	0
Balance at December 31, 2020	36,162
Fair value per share in won	14(Expiration of contractual exercise period : May 17, 2021) 49(Expiration of contractual exercise period : Sep 17, 2021)

Performance shares (Details)

Performance shares (Details)	12 Months Ended
	Dec. 31, 2020₩ / shares
Expired performance shares
Performance shares [Line Items]
Type	Cash-settled share-based payment
Performance conditions	Relative stock price linked (20.0%), management index (80.0%)	[1]
Operating period	4 years from the commencement date of the year to which the grant date belongs (5 years in the case of deferred payment)
Estimated number of shares vested at December 31, 2020	468,013
Not Expired performance shares
Performance shares [Line Items]
Type	Cash-settled share-based payment
Performance conditions	Relative stock price linked (20.0%), management index (80.0%)	[1]
Operating period	4 years from the commencement date of the year to which the grant date belongs (5 years in the case of deferred payment)
Estimated number of shares vested at December 31, 2020	1,601,729
[1]	Starting with the shares provided from 2020, Shinhan Financial Group and Shinhan Bank will apply relative stock price linked (20.0%), management index (60.0%), and prudential index (20.0%).

Fair value performance shares (

Fair value performance shares (Details)	Dec. 31, 2020KRW (₩)	[1]
Vested at December 31, 2018
Fair value performance shares [Line Items]
Fair value per share	₩ 40,580
Vested at December 31, 2019
Fair value performance shares [Line Items]
Fair value per share	44,222
Vested at December 31, 2020
Fair value performance shares [Line Items]
Fair value per share	33,122
Not Expired performance shares
Fair value performance shares [Line Items]
Fair value per share	₩ 32,050
[1]	Based on performance-based stock compensation, the reference stock price (the arithmetic average of the weighted average share price of transaction volume for the past two month, the previous one month, and the past one week) of four years (In the case of deferred quantity for after five years) after the commencement of the grant year is paid in cash, and the fair value of the reference stock to be paid in the future is assessed as the closing price of the settlement.

Share-based compensation costs

Share-based compensation costs (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based compensation costs [Line Items]
Employees of the controlling company	₩ (276)	₩ 4,670	₩ 1,072
Employees of the subsidiaries	(3,932)	32,634	9,510
Total	(4,208)	37,304	10,582
4th Stock options granted
Share-based compensation costs [Line Items]
Employees of the controlling company			0
Employees of the subsidiaries			(14)
Total			(14)
5th Stock options granted
Share-based compensation costs [Line Items]
Employees of the controlling company		0	0
Employees of the subsidiaries		9	(19)
Total		9	(19)
6th Stock options granted
Share-based compensation costs [Line Items]
Employees of the controlling company	(1)	(3)	(23)
Employees of the subsidiaries	(4)	(15)	(139)
Total	(5)	(18)	(162)
7th Stock options granted
Share-based compensation costs [Line Items]
Employees of the controlling company	(18)	(5)	(59)
Employees of the subsidiaries	(26)	(6)	(86)
Total	(44)	(11)	(145)
Performance shares
Share-based compensation costs [Line Items]
Employees of the controlling company	(257)	4,678	1,154
Employees of the subsidiaries	(3,902)	32,646	9,768
Total	₩ (4,159)	₩ 37,324	₩ 10,922

Accrued expenses and the intrin

Accrued expenses and the intrinsic value recognized in share-based payments (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Accrued expenses and the intrinsic value recognized in share-based payments [Line Items]
Employees of the controlling company	₩ 7,202	₩ 10,023
Employees of the subsidiaries	60,242	81,383
Total	67,444	91,406
6th Stock options granted
Accrued expenses and the intrinsic value recognized in share-based payments [Line Items]
Employees of the controlling company		1
Employees of the subsidiaries		4
Total		5
7th Stock options granted
Accrued expenses and the intrinsic value recognized in share-based payments [Line Items]
Employees of the controlling company	1	19
Employees of the subsidiaries	1	27
Total	2	46
Performance shares
Accrued expenses and the intrinsic value recognized in share-based payments [Line Items]
Employees of the controlling company	7,201	10,003
Employees of the subsidiaries	60,241	81,352
Total	₩ 67,442	₩ 91,355

Net other operating expense (De

Net other operating expense (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other operating income
Gain on disposal of loans at amortized cost	₩ 21,348	₩ 18,298	₩ 40,624
Miscellaneous other operating income
Gain on hedged items	536,768	564,438	418,390
Reversal of allowance for guarantees and acceptances	2,709	19,329	2,834
Gain on other trust accounts	0	27	0
Reversal of other allowance	850	11,194	5,033
Others	164,999	97,777	131,345
Miscellaneous other operating income	705,326	692,765	557,602
Other operating income	726,674	711,063	598,226
Other operating expense
Loss on disposal of loans at amortized cost	(18,675)	(27,291)	(14,271)
Miscellaneous other operating expense
Loss on hedged items	(605,808)	(596,533)	(406,872)
Fund contribution	(367,993)	(311,336)	(283,331)
Provision for other debt allowances	(16,862)	(6,939)	(13,036)
Depreciation of operating lease assets	(163,006)	(98,288)	(56,570)
Others	(924,796)	(857,918)	(653,501)
Miscellaneous other operating expense	(2,078,465)	(1,871,014)	(1,413,310)
Other operating expense	(2,097,140)	(1,898,305)	(1,427,581)
Net other operating expenses	₩ (1,370,466)	₩ (1,187,242)	₩ (829,355)

Net other non-operating incom_2

Net other non-operating income (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Gain on disposals of assets
Gain on disposals of property and equipment	[1]	₩ 64,427	₩ 1,452	₩ 12,611
Gain on disposals of investment property	[1]	20,701	12,640	4,783
Gain on disposals of assets held for sale		1,147	0	0
Gain on disposals of lease assets		2,712	1,681	1,153
Gain on disposals of right-of-use assets		3,415	1,112	0
Gain on disposals of others		24	407	0
Gain on disposals of assets		92,426	17,292	18,547
Gain on disposals of investments in associates		11,325	3,461	17,427
Miscellaneous other non-operating income
Rental income on investment property		23,890	43,777	32,488
Reversal of impairment losses on intangible asset		119	438	62
Gain from assets contributed		4	86	77
Others		66,268	82,879	49,276
Miscellaneous other non-operating income		90,281	127,180	81,903
Other non-operating income		194,032	147,933	117,877
Loss on disposals of assets
Loss on disposals of property and equipment	[1]	(5,884)	(870)	(3,082)
Loss on disposals of investment property		0	0	(2,958)
Loss on disposals of lease assets		(5,538)	(3,221)	(3,964)
Loss on disposals of right-of-use assets		(1,195)	(306)	0
Loss on disposals of others		(64)	0	(3)
Loss on disposals of assets		(12,681)	(4,397)	(10,007)
Loss from investments in associates
Loss on disposals of investments in associates		(5,754)	(3,974)	(11,546)
Impairment loss on investments in associates		(9,407)	0	(5,849)
Loss from investments in associates		(15,161)	(3,974)	(17,395)
Miscellaneous other non-operating expense
Donations		(86,608)	(94,937)	(88,650)
Depreciation of investment properties		(20,165)	(17,565)	(16,917)
Impairment loss on intangible assets		(41,429)	(152,081)	(771)
Write-off of intangible assets		(474)	(9,221)	(1,537)
Expenses on collection of special bonds		(7,978)	(7,322)	(6,048)
Others		(344,934)	(46,465)	(26,844)
Miscellaneous other non-operating expense		(501,588)	(327,591)	(140,767)
Other non-operating expense		(529,430)	(335,962)	(168,169)
Net other non-operating income (expense)		₩ (335,398)	₩ (188,029)	₩ (50,292)
[1]	Gain and loss on disposal of sale-and-leaseback are included in gain and loss on disposal of property, plant, and equipment and gain on disposal of investment property, respectively. Gain on disposal of sale-and-leaseback for the year ended December 31, 2020 is W 9,761 million.

Income tax expense (Details)

Income tax expense (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income tax expense [Abstract]
Current income tax expense	₩ 1,131,254	₩ 1,115,724	₩ 896,755
Temporary differences	131,862	296,244	383,190
Income tax recognized in other comprehensive income	(7,321)	(142,844)	(11,600)
Income tax expenses	₩ 1,255,795	₩ 1,269,124	₩ 1,268,345

Income tax expense calculated b

Income tax expense calculated by multiplying net income before tax with the tax rate (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income tax expense calculated by multiplying net income before tax with the tax rate [Abstract]
Profit before income taxes	₩ 4,753,871	₩ 4,911,508	₩ 4,466,610
Income taxes at statutory tax rates	1,301,836	1,345,187	1,222,840
Non-taxable income	(4,932)	0	(9,561)
Non-taxable income		8,500
Non-deductible expense	14,529	18,461	12,854
Tax credit	(88)	(2,289)	(23,317)
Changes in deferred tax due to change in tax rate	0	0	0
Other	(55,550)	(100,735)	65,529
Income tax expenses	₩ 1,255,795	₩ 1,269,124	₩ 1,268,345
Effective tax rate	26.42%	25.84%	28.40%

Deferred tax expenses by origin

Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	₩ (233,349)	₩ 404,945
Business combination	2,858	(343,581)
Profit or loss	(126,499)	(151,869)
Other comprehensive income (loss)	(7,321)	(142,844)	₩ (11,600)
Ending balance	(364,311)	(233,349)	404,945
Temporary Difference
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(553,360)	37,501
Business combination	2,858	(343,581)
Profit or loss	(90,555)	(104,436)
Other comprehensive income (loss)	(7,321)	(142,844)
Ending balance	(648,378)	(553,360)	37,501
Unearned income
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(331,679)	(255,336)
Business combination	0	(62,077)
Profit or loss	3,401	(14,266)
Other comprehensive income (loss)	0	0
Ending balance	(328,278)	(331,679)	(255,336)
Account receivable
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(26,324)	(24,139)
Business combination	0	0
Profit or loss	(2,754)	(2,185)
Other comprehensive income (loss)	0	0
Ending balance	(29,078)	(26,324)	(24,139)
Financial assets measured at fair value
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(101,577)	225,635
Business combination	1,750	(544,733)
Profit or loss	(28,950)	404,519
Other comprehensive income (loss)	(13,308)	(186,998)
Ending balance	(142,085)	(101,577)	225,635
Investment in associates
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	18,758	24,743
Business combination	0	0
Profit or loss	144,390	(5,937)
Other comprehensive income (loss)	(1,878)	(48)
Ending balance	161,270	18,758	24,743
Valuation and depreciation of property and equipment
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(151,046)	(161,996)
Business combination	7	0
Profit or loss	253	10,950
Other comprehensive income (loss)	0	0
Ending balance	(150,786)	(151,046)	(161,996)
Derivatives
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	21,005	111,751
Business combination	0	(1,132)
Profit or loss	(80,357)	(97,147)
Other comprehensive income (loss)	3,762	7,533
Ending balance	(55,590)	21,005	111,751
Deposits
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	30,641	28,036
Business combination	0	0
Profit or loss	(3,009)	2,605
Other comprehensive income (loss)	0	0
Ending balance	27,632	30,641	28,036
Accrued expenses
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	145,494	132,689
Business combination	441	15,298
Profit or loss	(5,071)	(2,493)
Other comprehensive income (loss)	0	0
Ending balance	140,864	145,494	132,689
Defined benefit obligation
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	506,132	447,658
Business combination	209	4,805
Profit or loss	39,072	33,321
Other comprehensive income (loss)	(6,759)	20,348
Ending balance	538,654	506,132	447,658
Plan assets
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(507,140)	(446,323)
Business combination	0	(4,610)
Profit or loss	(47,934)	(57,165)
Other comprehensive income (loss)	1,167	958
Ending balance	(553,907)	(507,140)	(446,323)
Other provisions
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	213,055	194,475
Business combination	0	2,283
Profit or loss	99,223	16,297
Other comprehensive income (loss)	0	0
Ending balance	312,278	213,055	194,475
Allowance for acceptances and guarantees
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	80,014	29,157
Business combination	0	42,234
Profit or loss	8,036	8,623
Other comprehensive income (loss)	0	0
Ending balance	88,050	80,014	29,157
Allowance related to asset revaluation
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(49,713)	(49,713)
Business combination	0	0
Profit or loss	0	0
Other comprehensive income (loss)	0	0
Ending balance	(49,713)	(49,713)	(49,713)
Allowance for expensing depreciation
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(401)	(465)
Business combination	0	0
Profit or loss	64	64
Other comprehensive income (loss)	0	0
Ending balance	(337)	(401)	(465)
Deemed dividend
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	0	0
Business combination	0	0
Profit or loss	0	0
Other comprehensive income (loss)	0	0
Ending balance	0	0	0
Accrued contributions
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	36,818	21,711
Business combination	0	0
Profit or loss	(20,200)	15,107
Other comprehensive income (loss)	0	0
Ending balance	16,618	36,818	21,711
Financial instruments designated at fair value through profit of loss
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	42,817	(87,408)
Business combination	0	0
Profit or loss	(71,043)	130,225
Other comprehensive income (loss)	0	0
Ending balance	(28,226)	42,817	(87,408)
Allowances
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	38,068	48,784
Business combination	0	0
Profit or loss	185,583	(10,716)
Other comprehensive income (loss)	0	0
Ending balance	223,651	38,068	48,784
Fictitious dividend
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	1,341	1,325
Business combination	0	0
Profit or loss	14,950	16
Other comprehensive income (loss)	0	0
Ending balance	16,291	1,341	1,325
Liability under insurance contracts
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	24,147	22,593
Business combination	0	0
Profit or loss	(22,408)	1,554
Other comprehensive income (loss)	0	0
Ending balance	1,739	24,147	22,593
Deficit carried over
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	0	0
Business combination	0	0
Profit or loss	311	0
Other comprehensive income (loss)	0	0
Ending balance	311	0	0
Other
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	(543,770)	(225,676)
Business combination	451	204,351
Profit or loss	(304,112)	(537,808)
Other comprehensive income (loss)	9,695	15,363
Ending balance	(837,736)	(543,770)	(225,676)
Expired unused tax losses
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	320,011	367,444
Business combination	0	0
Profit or loss	(35,944)	(47,433)
Other comprehensive income (loss)	0	0
Ending balance	284,067	320,011	367,444
Extinguishment of deposit and insurance liabilities
Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences [Line Items]
Beginning balance	320,011	367,444
Business combination	0	0
Profit or loss	(35,944)	(47,433)
Other comprehensive income (loss)	0	0
Ending balance	₩ 284,067	₩ 320,011	₩ 367,444

Deferred tax assets and liabili

Deferred tax assets and liabilities that were directly charged or credited to equity (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
OCI
Beginning balance	₩ (254,847)	₩ (894,711)
Changes	(135,230)	639,864
Ending balance	(390,077)	(254,847)
Tax effect
Beginning balance	(5,309)	141,490
Changes	(8,794)	(146,799)
Ending balance	(14,103)	(5,309)
Gain (loss) on valuation of financial assets measured at FVOCI
OCI
Beginning balance	439,370	11,713
Changes	(103,570)	427,657
Ending balance	335,800	439,370
Tax effect
Beginning balance	(132,901)	(8,754)
Changes	23,912	(124,147)
Ending balance	(108,989)	(132,901)
Gain (loss) on financial liabilities measured at FVTPL attributable to changes in credit risk
OCI
Beginning balance	(11,386)	235
Changes	4,253	(11,621)
Ending balance	(7,133)	(11,386)
Tax effect
Beginning balance	3,131	(65)
Changes	(1,170)	3,196
Ending balance	1,961	3,131
Foreign currency translation adjustments for foreign operations
OCI
Beginning balance	(208,348)	(306,766)
Changes	(166,596)	98,418
Ending balance	(374,944)	(208,348)
Tax effect
Beginning balance	(9,117)	(15,087)
Changes	7,000	5,970
Ending balance	(2,117)	(9,117)
Gain (loss) on cash flow hedge
OCI
Beginning balance	(47,977)	(24,485)
Changes	(19,958)	(23,492)
Ending balance	(67,935)	(47,977)
Tax effect
Beginning balance	14,266	6,733
Changes	5,498	7,533
Ending balance	19,764	14,266
Equity in other comprehensive income of associates
OCI
Beginning balance	8,300	4,957
Changes	(1,450)	3,343
Ending balance	6,850	8,300
Tax effect
Beginning balance	(122)	(74)
Changes	(1,878)	(48)
Ending balance	(2,000)	(122)
The accumulated other comprehensive income in separate account
OCI
Beginning balance	20,054	5,672
Changes	5,358	14,382
Ending balance	25,412	20,054
Tax effect
Beginning balance	(5,515)	(1,560)
Changes	(1,473)	(3,955)
Ending balance	(6,988)	(5,515)
Remeasurements of the defined benefit liability
OCI
Beginning balance	(553,538)	(477,382)
Changes	21,362	(76,156)
Ending balance	(532,176)	(553,538)
Tax effect
Beginning balance	152,006	130,700
Changes	(5,610)	21,306
Ending balance	146,396	152,006
Gain (loss) on valuation of financial asset measured at FVTPL (overlay approach)
OCI
Beginning balance	98,678	(108,655)
Changes	125,371	207,333
Ending balance	224,049	98,678
Tax effect
Beginning balance	(27,057)	29,597
Changes	(35,073)	(56,654)
Ending balance	₩ (62,130)	₩ (27,057)

The amount of temporary differe

The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities [Abstract]
Investment in subsidiaries	₩ (897,110)	₩ (766,888)

Deferred tax assets and liabi_2

Deferred tax assets and liabilities presented on a gross basis prior to any offsetting (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets and liabilities presented on a gross basis prior to any offsetting [Abstract]
Deferred tax assets	₩ 440,430	₩ 518,337
Deferred tax liabilities	₩ (804,741)	₩ (751,686)

Basic and diluted earnings per

Basic and diluted earnings per share (Details) - KRW (₩) ₩ / shares in Units, ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings per share [Abstract]
Profit (loss), attributable to owners of parent	[1]	₩ 3,414,595	₩ 3,403,497	₩ 3,156,722
Less
Dividends to hybrid bonds		85,327	61,993	40,357
Net profit available for common stock		₩ 3,329,268	₩ 3,341,504	₩ 3,116,365
Weighted average number of common shares outstanding	[2],[3]	500,343,324	477,346,731	473,649,076
Basic and diluted earnings per share in won		₩ 6,654	₩ 7,000	₩ 6,579
[1]	The increase in reserve for credit losses, W25,608 million, due to the business combination with Orange Life insurance and Asia Trust for the year ended December 31, 2019 is excluded.
[2]	The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019.
[3]	Treasury stock has retired on June 1, 2020.

The calculation details of the

The calculation details of the weighted average number of ordinary shares (Details)		12 Months Ended
		Dec. 31, 2020₩ / sharesshares	Dec. 31, 2019shares	Dec. 31, 2018shares
The calculation details of the weighted average number of ordinary shares [Line Items]
Number Of Shares | shares		533,376,758
Number of days | ₩ / shares		183,125,656,449
Days | ₩ / shares		366
Weighted average number of ordinary shares | shares	[1],[2]	500,343,324	477,346,731	473,649,076
Common stocks
The calculation details of the weighted average number of ordinary shares [Line Items]
Number Of Shares | shares		516,599,554	474,199,587
Number of days | ₩ / shares		178,880,869,852
Preferred stocks
The calculation details of the weighted average number of ordinary shares [Line Items]
Number Of Shares | shares		17,482,000	17,482,000
Number of days | ₩ / shares		6,398,412,000
Treasury stocks
The calculation details of the weighted average number of ordinary shares [Line Items]
Number Of Shares | shares		(704,796)
Number of days | ₩ / shares		(2,153,625,403)
[1]	The number of basic ordinary shares outstanding is 516,599,554 shares and the above weighted-average stocks are calculated by reflecting treasury stocks issued and 17,482,000 shares of convertible preferred shares issued on May 1, 2019.
[2]	Treasury stock has retired on June 1, 2020.

Guarantees, acceptances and cre

Guarantees, acceptances and credit commitments (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Guarantees
Guarantee outstanding	₩ 10,249,827	₩ 9,319,885
Contingent guarantees	3,433,953	3,669,697
Subtotal	13,683,780	12,989,582
Commitments to extend credit
Loan commitments in won	80,598,639	74,393,722
Loan commitments in foreign currency	19,319,903	22,542,776
ABS and ABCP commitments	1,604,958	2,116,354
Others	87,718,227	81,387,165
Subtotal	189,241,727	180,440,017
Endorsed bills
Secured endorsed bills	1,650	11,287
Unsecured endorsed bills	7,324,559	6,737,097
Subtotal	7,326,209	6,748,384
Loans sold under repurchase agreement	0	2,099
Total	₩ 210,251,716	₩ 200,180,082

Pending litigations (Details)

Pending litigations (Details) ₩ in Millions	Dec. 31, 2020KRW (₩)₩ / shares
Case
Pending litigations [Line Items]
Number of claim | ₩ / shares	533
Claim amount | ₩	₩ 319,792
Claim for the payment to execute the assignment order
Pending litigations [Line Items]
Number of claim | ₩ / shares	1
Claim amount | ₩	₩ 7,099
Deposit return
Pending litigations [Line Items]
Number of claim | ₩ / shares	1
Claim amount | ₩	₩ 5,575
Gampo Ramada a settlement claim suit
Pending litigations [Line Items]
Number of claim | ₩ / shares	1
Claim amount | ₩	₩ 5,658
Others
Pending litigations [Line Items]
Number of claim | ₩ / shares	530
Claim amount | ₩	₩ 301,460

Cash and cash equivalents in th

Cash and cash equivalents in the consolidated statements of cash flows (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash and cash equivalents in the consolidated statements of cash flows [Abstract]
Cash and due from banks at amortized cost	₩ 33,420,549	₩ 28,435,818	₩ 17,363,450
Due from financial institutions with a maturity over three months from date of acquisition	(2,488,156)	(3,349,719)	(3,008,188)
Restricted due from banks	(21,969,411)	(16,506,925)	(6,175,506)
Total	₩ 8,962,982	₩ 8,579,174	₩ 8,179,756	₩ 6,236,650

Significant non-cash activities

Significant non-cash activities (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Significant non-cash activities [Abstract]
Debt-equity swap	₩ 58,528	₩ 224,093	₩ 28,759
Transfers from construction-in-progress to property and equipment	56,575	76,004	6,319
Transfers between property and equipment and investment property	4,064	104,573	28,199
Transfers between assets held for sale to property and equipment	31,633	455	80
Transfers between investment property and assets held for sale	910	15,795	0
Accounts payable for purchase of intangible assets, etc.	137,476	472,798	1,047
Transaction for right-of-use assets	281,785	1,376,764	0
Exchange of shares related to acquisition of subsidiaries	629,449	0	0
Exchange of shares related to disposal of treasury stocks	₩ 287,669	₩ 0	₩ 0

Changes in assets and liabiliti

Changes in assets and liabilities arising from financing activities (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Derivatives
Changes in assets and liabilities arising from financing activities [Line Items]
Balance at January 1	₩ 5,822	₩ (77,102)
Changes from cash flows	(43,676)	21,958
Amortization of discount on borrowings and debentures	0	0
Changes in foreign currency exchange rate	0	0
Others	126,638	60,966
Business combination(Note 47)	0	0
Balance at December 31	88,784	5,822
Borrowings
Changes in assets and liabilities arising from financing activities [Line Items]
Balance at January 1	34,863,156	29,818,542
Changes from cash flows	7,465,106	5,017,269
Amortization of discount on borrowings and debentures	22,836	58,320
Changes in foreign currency exchange rate	271,179	173,623
Others	(1,037,213)	(204,598)
Business combination(Note 47)	9,000	0
Balance at December 31	41,594,064	34,863,156
Debentures
Changes in assets and liabilities arising from financing activities [Line Items]
Balance at January 1	75,363,364	63,227,699
Changes from cash flows	(28,372)	11,201,673
Amortization of discount on borrowings and debentures	437,627	352,524
Changes in foreign currency exchange rate	(417,151)	282,534
Others	(221,074)	298,934
Business combination(Note 47)	0	0
Balance at December 31	75,134,394	75,363,364
Lease liabilities
Changes in assets and liabilities arising from financing activities [Line Items]
Balance at January 1	1,104,259	536,842
Changes from cash flows	(781,867)	(269,362)
Amortization of discount on borrowings and debentures	14,504	11,291
Changes in foreign currency exchange rate	0	0
Others	256,426	792,901
Business combination(Note 47)	839	32,587
Balance at December 31	₩ 594,161	₩ 1,104,259

Related parties - Balances with

Related parties - Balances with the related parties (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
BNP Paribas Cardif Life Insurance
Assets:
Credit card loans	₩ 81	₩ 173
Allowances for credit loss	0	0
Other assets	76	92
Liabilities:
Deposits	13,941	402
Provisions	0	0
Partners 4th Growth Investment Fund
Liabilities:
Deposits	2,802	1,443
BNP Paribas Cardif General Insurance
Assets:
Credit card loans	21	26
Allowances for credit loss	0	0
Other assets	0	401
Liabilities:
Deposits	41	17
Shinhan Praxis K-Growth Global Private Equity Fund
Assets:
Other assets	0	91
Dream High Fund III
Liabilities:
Deposits	4	5
Credian Healthcare Private Equity Fund II
Liabilities:
Deposits	2	4
KDBC Midas Dong-A Snowball Venture Fund II
Liabilities:
Deposits	1,739	233
Eum Private Equity Fund No.3
Liabilities:
Deposits	20	353
Shinhan Global Healthcare Fund 1
Liabilities:
Unearned revenue		0
Shinhan Fintech New Technology Fund No.1
Liabilities:
Unearned revenue		0
Taihan Industrial System Co., Ltd.
Liabilities:
Deposits		0
Incorporated association Finance Saving Information Center
Assets:
Credit card loans		0
Liabilities:
Deposits	7	6
GX SHINHAN INTERVEST 1st Private Equity Fund
Liabilities:
Unearned revenue	0	248
Nomura investment property trust No.19
Assets:
Loans	11,976	11,973
Other assets	44	42
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3
Assets:
Other assets	1,160	678
Shinhan-Stonebridge Petro PEF
Assets:
Other assets	0	810
Korea Finance Security
Liabilities:
Deposits	568	362
SHINHAN-CORE TREND GLOBAL FUND 1
Liabilities:
Unearned revenue	16	9
Hermes Private Investment Equity Fund
Liabilities:
Deposits	352	275
Multimedia Tech Co.Ltd
Liabilities:
Deposits	0	3
Korea Credit Bureau
Liabilities:
Deposits	2,088	80
Goduck Gangil1 PFV Co., Ltd
Assets:
Loans	24,000	24,000
Allowances for credit loss	(71)	(78)
SBC PFV Co., Ltd
Liabilities:
Deposits	8,011	5,142
GMG Development Co,. Ltd
Liabilities:
Deposits	0	300
Sprott Global Renewable Private Equity Fund I
Liabilities:
Deposits	258	342
IMM Global Private Equity Fund
Assets:
Loans	800	800
Allowances for credit loss	(2)	(3)
Liabilities:
Deposits	10,820	7,598
Goduck Gangil10 PFV Co., Ltd
Assets:
Loans	9,400	0
Allowances for credit loss	(19)	0
Liabilities:
Deposits	2,718	0
Shinhan Global Healthcare Fund 2
Liabilities:
Deposits	1	0
One Shinhan Global Fund 1
Liabilities:
Unearned revenue	122	0
IGIS PRIVATE REAL ESTATE TRUST NO.331
Assets:
Loans	9,919	0
Accrued income	121	0
Liabilities:
Unearned revenue	22	0
COSPEC BIM tech
Assets:
Loans	151	0
Allowances for credit loss	(95)
Other assets	0	0
Liabilities:
Deposits	1	0
IMM Special Situation 1-2 PRIVATE EQUITY FUND
Liabilities:
Deposits	117
Unearned revenue	0	0
EDNCENTRAL Co.,Ltd.
Assets:
Loans	19,450	0
Accrued income	9	0
Liabilities:
Unearned revenue	578	0
KoFC-Neoplux R&D-Biz Creation 2013-1 Investment
Assets:
Account receivables	2,823	0
Future-Creation Neoplux Venture Capital Fund
Assets:
Account receivables	4,137	0
Neoplux Market-Frontier Secondary Fund
Assets:
Account receivables	1,630	0
Gyeonggi-Neoplux Superman Fund
Assets:
Account receivables	186	0
Shinhan-Neoplux Energy Newbiz Fund
Assets:
Account receivables	25	0
SHINHAN-NEO Core Industrial Technology Fund
Assets:
Account receivables	3	0
KTC-NP Growth Champ 2011-2 Private Equity Fund
Assets:
Account receivables	4,528	0
Neoplux No.3 Private Equity Fund
Assets:
Account receivables	748	0
NV Station Private Equity Fund
Liabilities:
Deposits	100
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45
Liabilities:
Unearned revenue	76
IGIS Private Real Estate Investment Trust 286
Assets:
Other assets	436
Genesis North America Power Company No.1 PEF
Assets:
Other assets	2,171
Key management personnel and their immediate relatives:
Assets:
Loans	₩ 5,144	₩ 4,426

Related parties - Transactions

Related parties - Transactions with the related parties (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
BNP Paribas Cardif Life Insurance
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	₩ 3,390	₩ 4,230	₩ 3,716
Reversal of allowance for credit losses	0	3	4
General and administrative expenses	(4)	(9)	(17)
Other operating expense	(5)	(1)
Provision for allowance for credit losses		0	0
Shinhan Praxis K-Growth Global Private Equity Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	361	448	685
BNP Paribas Cardif General Insurance
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	10	11	9
Other operating income	333	468
Reversal of allowance for credit losses		0	0
Provision for allowance for credit losses	0	0	(2)
Midas Dong-A Snowball Venture Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	119	47
Interest expense	0	(1)	(2)
SP New Technology Business investment Fund I
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	0	317
IBKS-Shinhan Creative Economy New Technology Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	0	13
Interest expense		0	0
SM New Technology Business Investment Fund I
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	14	55
JAEYOUNG SOLUTEC CO., LTD.
Related parties - Transactions with the related parties [Line Items]
Interest income	0	0	523
Fees and commission income	0	0	2
Other operating income	0	0	3
Reversal of allowance for credit losses	0	0	0
Interest expense	0	0	(2)
Provision for allowance for credit losses	0	0	(1)
Partners 4th Growth Investment Fund
Related parties - Transactions with the related parties [Line Items]
Interest expense	(4)	(7)	(19)
Shinhan-Albatross Technology Investment
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	54	216	216
Interest expense		0	0
IBKS-Shinhan Creative Economy New Technology Fund II
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	8	16
KDBC Midas Dong-A Snowball Venture Fund II
Related parties - Transactions with the related parties [Line Items]
Interest expense	(2)	0	(2)
SHBNPP Private Korea Equity Long-Short Professional Feeder
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	363	975
STI-New Growth Engines Investment
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	0	16
Shinhan Fintech New Technology Fund No.1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	38	153
KTB New lake medical Global Investment
Related parties - Transactions with the related parties [Line Items]
Interest income		0	0
Other operating income		0	0
Shinhan Global Healthcare Fund 1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	360	785
Taihan Industrial System Co., Ltd.
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	0	1
Shinhan capital-Cape FN Fund No.1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	101	82
SHC-K2 Global Material Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	19	19	20
Synergy-Shinhan Mezzanine New Technology Investment Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	50	94	127
Shinhan-Midas Dong-A Secondary Venture Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	63	187	71
GX SHINHAN INTEREST 1st Private Equity Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	454	545	412
Shinhan-Nvestor Liquidity Solution Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	361	361	214
SHC ULMUS Fund No.1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	39	76	51
Shinhan-PS Investment Fund No.1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	20	20	12
Nomura investment property trust No.19
Related parties - Transactions with the related parties [Line Items]
Interest income	525	519	312
Other operating income	3	7
Provision for allowance for credit losses	0	0	(34)
SHBNPP MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	2,501	2,694	236
Shinhan-Stonebridge Petro PEF
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	0	1,762	1,920
Korea Finance Security
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	10	10
Interest expense	(1)
ShinHan - Soo Young Entrepreneur Investment Fund No.1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	206	275
Shinhan-Rhinos 1 Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	64	64
SHINHAN-CORE TREND GLOBAL FUND 1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	100	45
Kiwoom-Shinhan Innovation Fund I
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	240	67
One Shinhan Global Fund 1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	399	151
Yeollim-Shinhan Portfolio Fund I
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	59	59
FuturePlay-Shinhan TechInnovation Fund 1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	218	7
WON JIN HOME PLAN CO.,LTD
Related parties - Transactions with the related parties [Line Items]
Interest income	0	186
Korea Credit Bureau
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	13	13
Interest expense	(12)	(5)
Goduck Gangil1 PFV Co., Ltd
Related parties - Transactions with the related parties [Line Items]
Interest income	915	328
Fees and commission income	0	1,120
Provision for allowance for credit losses	7	(78)
SBC PFV Co., Ltd
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	732
Interest expense	(5)	(3)
IMM Global Private Equity Fund
Related parties - Transactions with the related parties [Line Items]
Interest income	25	28
Interest expense	(13)	(25)
Provision for allowance for credit losses	0	(3)
Goduck Gangil10 PFV Co., Ltd
Related parties - Transactions with the related parties [Line Items]
Interest income	299
Fees and commission income	793
Interest expense	(4)
Provision for allowance for credit losses	(19)
IGIS PRIVATE REAL ESTATE TRUST NO.331
Related parties - Transactions with the related parties [Line Items]
Interest income	731
Fees and commission income	478
Other operating expense	(67)
COSPEC BIM tech
Related parties - Transactions with the related parties [Line Items]
Provision for allowance for credit losses	(95)
Korea Omega Project Fund I
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	131
New Green Shinhan Mezzanine Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	42
Sparklabs-Shinhan Opportunity Fund 1
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	174
EDNCENTRAL Co.,Ltd.
Related parties - Transactions with the related parties [Line Items]
Interest income	649
Fees and commission income	578
Other operating expense	(121)
Shinhan Western T&D Consignment Management Real Estate Investment Co., Ltd
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	300
Kakao-Shinhan 1st TNYT Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	165
KoFC-Neoplux R&D-Biz Creation 2013-1 Investment
Related parties - Transactions with the related parties [Line Items]
Interest income	9
Fees and commission income	44
Future-Creation Neoplux Venture Capital Fund
Related parties - Transactions with the related parties [Line Items]
Interest income	14
Fees and commission income	116
Neoplux Market-Frontier Secondary Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	416
Gyeonggi-Neoplux Superman Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	149
Shinhan-Neoplux Energy Newbiz Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	308
NewWave 6th Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	303
SHINHAN-NEO Core Industrial Technology Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	3
KTC-NP Growth Champ 2011-2 Private Equity Fund
Related parties - Transactions with the related parties [Line Items]
Interest income	5
Fees and commission income	86
Neoplux No.3 Private Equity Fund
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	748
Pacific Sunny Professional Investors Private Placement Real Estate Investment Company No.45
Related parties - Transactions with the related parties [Line Items]
Fees and commission income	1,412
CREDIAN T&F 2020 CORPORATE FINANCIAL STABILITY PRIVATE EQUITY FUND
Related parties - Transactions with the related parties [Line Items]
Interest expense	(1)
Key management personnel and their immediate relatives
Related parties - Transactions with the related parties [Line Items]
Interest income	₩ 126	₩ 161	₩ 101

Related parties - Key managemen

Related parties - Key management personnel compensation (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Key management personnel compensation [Abstract]
Short-term employee benefits		₩ 23,468	₩ 21,237	₩ 22,502
Severance benefits		651	731	419
Share-based payment transactions	[1]	2,628	12,343	4,944
Key management personnel compensation		₩ 26,747	₩ 34,311	₩ 27,865
[1]	The expenses of share-based payment transactions are the renumeration expenses during the vesting period.

Related parties - The guarantee

Related parties - The guarantees provided between the related parties (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
BNP Paribas Cardif Life Insurance | Unused credit line
Related parties - The guarantees provided between the related parties [Line Items]
Amount of guarantees	₩ 10,000	₩ 10,000

Related parties - Collaterals p

Related parties - Collaterals provided by the related parties (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related parties - Collaterals provided by the related parties [Line Items]
Amount of collaterals	₩ 53,920	₩ 40,920
BNP Paribas Cardif Life Insurance | Government bonds
Related parties - Collaterals provided by the related parties [Line Items]
Amount of collaterals	12,000	12,000
Hyungje art printing | Property, plant and equipment [Member]
Related parties - Collaterals provided by the related parties [Line Items]
Amount of collaterals	120	120
Goduck Gangil1 PFV Co., Ltd | Guarantee insurance policy
Related parties - Collaterals provided by the related parties [Line Items]
Amount of collaterals	28,800	28,800
Goduck Gangil10 PFV Co., Ltd | Guarantee insurance policy
Related parties - Collaterals provided by the related parties [Line Items]
Amount of collaterals	₩ 13,000	₩ 0

Related parties - Significant l

Related parties - Significant loan transactions with related parties (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Investments in associates:
Related parties - Significant loan transactions with related parties [Line Items]
Beginning		₩ 36,773	₩ 11,966
Loan		58,200	24,800
Recover		(18,800)
Other	[1]	(780)	7
Ending		75,393	36,773
Nomura investment property trust No.19
Related parties - Significant loan transactions with related parties [Line Items]
Beginning		11,973	11,966
Loan		0	0
Recover		0	0
Other	[1]	0	7
Ending		11,973	11,973
IGIS PRIVATE REAL ESTATE TRUST NO.331
Related parties - Significant loan transactions with related parties [Line Items]
Loan		10,000
Other	[1]	(312)
Ending		9,688
EDNCENTRAL Co.,Ltd.
Related parties - Significant loan transactions with related parties [Line Items]
Loan		20,000
Recover		0
Other	[1]	(619)
Ending		19,381
Goduck Gangil1 PFV Co., Ltd
Related parties - Significant loan transactions with related parties [Line Items]
Beginning		24,000	0
Loan		0	24,000
Recover		0	0
Other	[1]	0	0
Ending		24,000	24,000
Goduck Gangil10 PFV Co., Ltd
Related parties - Significant loan transactions with related parties [Line Items]
Loan		28,200
Recover		(18,800)
Other	[1]	0
Ending		9,400
IMM Global Private Equity Fund
Related parties - Significant loan transactions with related parties [Line Items]
Beginning		800	0
Loan		0	800
Recover		0	0
Other	[1]	0	0
Ending		800	₩ 800
COSPEC BIM tech
Related parties - Significant loan transactions with related parties [Line Items]
Loan		0
Recover		0
Other	[1]	151
Ending		₩ 151
[1]	The effect on changes in allowance for credit loss is included.

Size of unconsolidated structur

Size of unconsolidated structured entities (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Unconsolidated structured entities
Size of unconsolidated structured entities [Line Items]
Total assets	₩ 715,297,320	₩ 619,187,523
Assets-backed securitization
Size of unconsolidated structured entities [Line Items]
Total assets	253,958,036	208,441,947
Structured financing
Size of unconsolidated structured entities [Line Items]
Total assets	257,475,395	195,374,046
Investment funds
Size of unconsolidated structured entities [Line Items]
Total assets	₩ 203,863,889	₩ 215,371,530

Carrying amounts of the assets

Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Unconsolidated structured entities | Assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	₩ 35,908,782	₩ 32,219,449
Unconsolidated structured entities | Loans measured at fair value through profit or loss
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	406,013	80,373
Unconsolidated structured entities | Loans at amortized cost
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	12,594,196	11,657,024
Unconsolidated structured entities | Securities at fair value through profit or loss
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	14,308,104	13,154,346
Unconsolidated structured entities | Derivative assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	11,403	22,521
Unconsolidated structured entities | Securities at fair value through other comprehensive income
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	2,227,903	2,333,275
Unconsolidated structured entities | Securities at amortized cost
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	6,294,228	4,894,942
Unconsolidated structured entities | Other assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	66,935	76,968
Unconsolidated structured entities | Liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	24,613	11,139
Unconsolidated structured entities | Derivative liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	582	0
Unconsolidated structured entities | Other liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	24,031	11,139
Assets-backed securitization | Assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	14,008,081	11,565,871
Assets-backed securitization | Loans measured at fair value through profit or loss
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	10,007	10,646
Assets-backed securitization | Loans at amortized cost
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	882,708	785,134
Assets-backed securitization | Securities at fair value through profit or loss
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	4,703,527	3,705,565
Assets-backed securitization | Derivative assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	10,353	21,494
Assets-backed securitization | Securities at fair value through other comprehensive income
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	2,105,239	2,144,846
Assets-backed securitization | Securities at amortized cost
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	6,294,228	4,894,942
Assets-backed securitization | Other assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	2,019	3,244
Assets-backed securitization | Liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	3,192	682
Assets-backed securitization | Derivative liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	582	0
Assets-backed securitization | Other liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	2,610	682
Structured financing | Assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	12,411,988	10,552,232
Structured financing | Loans measured at fair value through profit or loss
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	396,006	69,727
Structured financing | Loans at amortized cost
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	11,631,322	10,207,866
Structured financing | Securities at fair value through profit or loss
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	200,966	70,407
Structured financing | Derivative assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	1,050	1,027
Structured financing | Securities at fair value through other comprehensive income
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	122,664	188,429
Structured financing | Securities at amortized cost
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	0	0
Structured financing | Other assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	59,980	14,776
Structured financing | Liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	21,421	10,457
Structured financing | Derivative liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	0	0
Structured financing | Other liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	21,421	10,457
Investment funds | Assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	9,488,713	10,101,346
Investment funds | Loans measured at fair value through profit or loss
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	0	0
Investment funds | Loans at amortized cost
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	80,166	664,024
Investment funds | Securities at fair value through profit or loss
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	9,403,611	9,378,374
Investment funds | Derivative assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	0	0
Investment funds | Securities at fair value through other comprehensive income
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	0	0
Investment funds | Securities at amortized cost
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	0	0
Investment funds | Other assets
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the assets	4,936	58,948
Investment funds | Liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	0	0
Investment funds | Derivative liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	0	0
Investment funds | Other liabilities
Carrying amounts of the assets and liabilities relating to its interests in unconsolidated structured entities [Line Items]
Carrying amounts of the liabilities	₩ 0	₩ 0

Exposure to risk relating to it

Exposure to risk relating to its interests in unconsolidated structured entities (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Unconsolidated structured entities
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	₩ 40,308,510	₩ 36,262,869
Unconsolidated structured entities | Assets held
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	35,908,782	32,219,449
Unconsolidated structured entities | ABS and ABCP commitments
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	2,857,448	2,079,505
Unconsolidated structured entities | Loan commitments [Member]
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	1,325,890	1,701,424
Unconsolidated structured entities | Guarantees
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	87,293	143,522
Unconsolidated structured entities | Others
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	129,097	118,969
Assets-backed securitization
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	15,645,517	13,760,004
Assets-backed securitization | Assets held
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	14,008,081	11,565,871
Assets-backed securitization | ABS and ABCP commitments
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	932,113	1,208,707
Assets-backed securitization | Loan commitments [Member]
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	618,030	845,904
Assets-backed securitization | Guarantees
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	87,293	139,522
Assets-backed securitization | Others
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	0	0
Structured financing
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	13,245,358	11,533,021
Structured financing | Assets held
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	12,411,988	10,552,232
Structured financing | ABS and ABCP commitments
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	2,300	2,300
Structured financing | Loan commitments [Member]
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	707,860	855,520
Structured financing | Guarantees
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	0	4,000
Structured financing | Others
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	123,210	118,969
Investment funds
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	11,417,635	10,969,844
Investment funds | Assets held
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	9,488,713	10,101,346
Investment funds | ABS and ABCP commitments
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	1,923,035	868,498
Investment funds | Loan commitments [Member]
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	0	0
Investment funds | Guarantees
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	0	0
Investment funds | Others
Exposure to risk relating to its interests in unconsolidated structured entities [Line Items]
Exposure to risk	₩ 5,887	₩ 0

Fair values of assets acquired

Fair values of assets acquired and liabilities assumed as of acquisition date (Details) - Neoplux Co., Ltd. ₩ in Millions	Dec. 31, 2020KRW (₩)	[1]
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	₩ 58,868
Assets
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	72,672
Cash and due from banks at amortized cost
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	179
Investment assets in the long-term
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	463
Venture capital investment assets
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	38,800
Private equity investment company investment assets
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	12,230
Property and equipment
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	835
Intangible assets
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	1,254
Other assets
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	18,911
Liabilities
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	(13,804)
Borrowings
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	(9,000)
Other liabilities
Fair values of assets acquired and liabilities assumed as of acquisition date [Line Items]
Fair value of the identifiable net assets	₩ (4,804)
[1]	The accounting for the acquisition of Neoplux Co., Ltd. is tentatively determined using the identifiable assets and liabilities recognized by Neoplux Co., Ltd. at the time of business combination. For the year ended December 31, 2020, the acquisition has not completed the identification of intangible assets for allocation and the fair value assessment of identifiable assets and liabilities. The goodwill may vary depending on the results of the fair value assessment of the identifiable assets and liabilities for the allocation of the consideration.

Goodwill recognized as a result

Goodwill recognized as a result of business combination (Details) - KRW (₩) ₩ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Goodwill recognized as a result of business combination [Line Items]
Goodwill		₩ 14,440	₩ 871,285
Neoplux Co., Ltd.
Goodwill recognized as a result of business combination [Line Items]
Consideration transferred in cash		71,128
Fair value of identifiable net assets	[1]	(58,868)
Noncontrolling Interest	[2]	1,718
Goodwill		₩ 13,978
[1]	The accounting for the acquisition of Neoplux Co., Ltd. is tentatively determined using the identifiable assets and liabilities recognized by Neoplux Co., Ltd. at the time of business combination. For the year ended December 31, 2020, the acquisition has not completed the identification of intangible assets for allocation and the fair value assessment of identifiable assets and liabilities. The goodwill may vary depending on the results of the fair value assessment of the identifiable assets and liabilities for the allocation of the consideration.
[2]	For the year ended December 31, 2020, the non-controlling interests for Neoplux Co., Ltd. are measured at proportionate shares of non-controlling interests in the acquiree's identifiable net assets for Neoplux Co.,Ltd. At the business combination, the goodwill is generated because the transfer price includes the premium of corporate control paid to acquire Neoplux Co.,Ltd. The transfer price for the business combination includes expected synergies, future market growth, and the amount related to human resources. These benefits are not recognized separately from goodwill because it does not meet the recognition requirements for identifiable intangible assets.

Net cash outflows due to busine

Net cash outflows due to business combination (Detail) - Neoplux Co., Ltd. ₩ in Millions	12 Months Ended
	Dec. 31, 2020KRW (₩)
Net cash outflows due to business combination [Line Items]
Consideration transferred in cash	₩ 71,128
Acquired cash and cash equivalents	(174)	[1]
Net cash outflows	₩ 70,954
[1]	The amount of cash and cash equivalents acquired is the amount of cash and amortized cost measurement deposits minus the amount of restricted deposits.

Uncertainty due to changes in_3

Uncertainty due to changes in domestic and global economic conditions (Details) ₩ in Millions	Dec. 31, 2020KRW (₩)
Shinhan Bank
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	₩ 6,467,123
Securities at fair value through profit or loss	6,148
Securities at fair value through other comprehensive income	296,719
Off-balance accounts	4,873,003
Risk exposures by major consolidated subsidiaries due to COVID-19	11,642,993
Shinhan Bank | Airlift passenger
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	120,854
Securities at fair value through profit or loss	0
Securities at fair value through other comprehensive income	52,878
Off-balance accounts	404,767
Risk exposures by major consolidated subsidiaries due to COVID-19	578,499
Shinhan Bank | Lodging
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	3,445,269
Securities at fair value through profit or loss	0
Securities at fair value through other comprehensive income	2,611
Off-balance accounts	289,948
Risk exposures by major consolidated subsidiaries due to COVID-19	3,737,828
Shinhan Bank | Oil/petroleum refinery
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	685,336
Securities at fair value through profit or loss	3,088
Securities at fair value through other comprehensive income	224,894
Off-balance accounts	3,058,516
Risk exposures by major consolidated subsidiaries due to COVID-19	3,971,834
Shinhan Bank | Art-related
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	244,036
Securities at fair value through profit or loss	0
Securities at fair value through other comprehensive income	0
Off-balance accounts	9,630
Risk exposures by major consolidated subsidiaries due to COVID-19	253,666
Shinhan Bank | Movie theater
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	95,240
Securities at fair value through profit or loss	0
Securities at fair value through other comprehensive income	6,539
Off-balance accounts	111,266
Risk exposures by major consolidated subsidiaries due to COVID-19	213,045
Shinhan Bank | Clothing manufacturing
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	1,763,741
Securities at fair value through profit or loss	3,060
Securities at fair value through other comprehensive income	9,797
Off-balance accounts	938,705
Risk exposures by major consolidated subsidiaries due to COVID-19	2,715,303
Shinhan Bank | Travel
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	112,647
Securities at fair value through profit or loss	0
Securities at fair value through other comprehensive income	0
Off-balance accounts	60,171
Risk exposures by major consolidated subsidiaries due to COVID-19	172,818
Shinhan Card Co., Ltd. | Retail
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost from Credit sales	357,589
Loans at amortized cost from Short term card loan	142,252
Loans at amortized cost from Long term card loan	283,150
Securities at fair value through profit or loss	0
Securities at fair value through other comprehensive income	0
Off-balance accounts	702,124
Risk exposures by major consolidated subsidiaries due to COVID-19	1,485,115
Jeju Bank
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	1,413,182
Off-balance accounts	53,250
Risk exposures by major consolidated subsidiaries due to COVID-19	1,466,432
Jeju Bank | Lodging
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	599,875
Off-balance accounts	20,658
Risk exposures by major consolidated subsidiaries due to COVID-19	620,533
Jeju Bank | Retail
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	517,843
Off-balance accounts	18,691
Risk exposures by major consolidated subsidiaries due to COVID-19	536,534
Jeju Bank | Manufacturing
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	30,095
Off-balance accounts	563
Risk exposures by major consolidated subsidiaries due to COVID-19	30,658
Jeju Bank | Construction Industry
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	85,640
Off-balance accounts	7,100
Risk exposures by major consolidated subsidiaries due to COVID-19	92,740
Jeju Bank | Leisure related service industry
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	57,677
Off-balance accounts	1,053
Risk exposures by major consolidated subsidiaries due to COVID-19	58,730
Jeju Bank | Transportation Business
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	29,679
Off-balance accounts	2,103
Risk exposures by major consolidated subsidiaries due to COVID-19	31,782
Jeju Bank | Others
Risk exposures by major consolidated subsidiaries due to COVID-19 [Line Items]
Loans at amortized cost	92,373
Off-balance accounts	3,082
Risk exposures by major consolidated subsidiaries due to COVID-19	₩ 95,455

The exposure of the borrowers w

The exposure of the borrowers who applied for moratorium of interest payments and moratorium of repayment in installments by Shinhan Bank (Details) ₩ in Millions	Dec. 31, 2020KRW (₩)
The exposure of the borrowers who applied for moratorium of interest payments and moratorium of repayment in installments [Abstract]
Moratorium of interest payments	₩ 242,794
Moratorium of repayment in installments	1,067,502
Moratorium of interest payments and moratorium of repayment in installments	80,581
The exposure of the borrowers who applied for moratorium of interest payments and moratorium of repayment in installments	₩ 1,390,877

Difference between the amount o

Difference between the amount of operating lease agreements (Details) ₩ in Millions	Jan. 01, 2019KRW (₩)
Operating Lease Liabilities, Gross Difference, Amount [Abstract]
Operating lease agreement commitment disclosed as of December 31, 2018	₩ 610,080
Amount discounted using the Group's incremental borrowing rate	591,725
Low-value leases recognized as current expenses through the straight-line method	(3,454)
Value-added Tax	(51,429)
Lease liabilities recognized at the beginning of 2019	₩ 536,842	[1]
[1]	Right-of-use assets were measured by adjusting the amount of prepaid or unpaid lease payments in relation to leases recognized in the consolidated statement of financial position at the same amount as the lease liability. As a result, property, plant and equipment increased by W573,823 million at the beginning of 2019, and prepaid expense, unearned revenue and accrued expenses decreased by W42,196 million, W5,197 million and W17 million, respectively.

Changes in equity due to applic

Changes in equity due to application of IFRS 9 and 15 : Retained Earnings (Details) - KRW (₩) ₩ in Millions		Jan. 01, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Changes in equity due to application of IFRS 9 and 15 [Line Items]
Equity at January 1, 2018 before changes			₩ 46,356,858	₩ 41,930,381	₩ 36,651,430	₩ 33,703,617
Adjustments Of Equity Due To The Application Of IFRS9 [Abstract]
Effect of overlay approach application			177,688	216,492
Equity attributable to equity holders of Shinhan Financial Group Co., Ltd.
Changes in equity due to application of IFRS 9 and 15 [Line Items]
Equity at January 1, 2018 before changes			44,069,567	39,177,946	35,725,625	32,820,220
Retained Earnings
Changes in equity due to application of IFRS 9 and 15 [Line Items]
Equity at January 1, 2018 before changes		₩ 20,791,680	27,777,169	25,525,821	22,959,440	20,791,680
Adjustments Of Equity Due To The Application Of IFRS9 [Abstract]
Reclassification from financial assets at amortized cost to financial assets measured at fair value through profit or loss		(74,061)
Reclassification from available-for-sale financial assets to financial assets measured at fair value through profit or loss		178,518
Reclassification from available-for-sale financial assets to financial assets measured at fair value through other comprehensive income	[1],[2]	204,457
Increase in loss allowance for financial assets measured at amortized cost		(573,088)
Increase in loss allowance for loan commitments and financial guarantee contracts		(55,274)
Increase in loss allowance for debt instruments measured at fair value through other comprehensive income		(18,976)
Effect of overlay approach application		34,102
Others	[3],[4]	(40,063)
Adjustments of equity due to the application of IFRS 9, Total		(344,385)
Adjustments of equity due to the application of IFRS 15	[5]	(2,895)
Tax effects	[6]	95,426
Equity at January 1, 2018 after changes		20,539,826
Accumulated Other Comprehensive Income [Member]
Changes in equity due to application of IFRS 9 and 15 [Line Items]
Equity at January 1, 2018 before changes		(529,734)	₩ (404,181)	₩ (260,156)	₩ (753,220)	₩ (529,734)
Adjustments Of Equity Due To The Application Of IFRS9 [Abstract]
Reclassification from available-for-sale financial assets to financial assets measured at fair value through profit or loss		(178,518)
Reclassification from available-for-sale financial assets to financial assets measured at fair value through other comprehensive income	[1],[2]	(204,457)
Increase in loss allowance for debt instruments measured at fair value through other comprehensive income		18,976
Effect of overlay approach application		(34,102)
Others	[3],[4]	11,039
Adjustments of equity due to the application of IFRS 9, Total		(387,062)
Tax effects	[6]	110,051
Equity at January 1, 2018 after changes		₩ (806,745)
[1]	The effect on retained earnings arising from the recognition of impairment losses related to equity securities in the prior periods was transferred to other comprehensive income upon the application of IFRS 9.
[2]	With the application of IFRS 9, the effect of retained earnings of the recognized impairment from equity securities has reclassified to other comprehensive income.
[3]	Include translation of foreign currencies, etc.
[4]	Other adjustments include foreign currency translation and changes in non-controlling interests, resulting from the adoption of IFRS 9.
[5]	The Group has divided the trust fees into trust sales fees and trust managing fees and recognition of trust managing fees are deferred.
[6]	Tax effects due to the application of IFRS 9 are separately shown.

Reclassification of financial i

Reclassification of financial instruments upon adoption of IFRS 9 (Details) ₩ in Millions	Jan. 01, 2018KRW (₩)
Due from banks
Amount under IAS 39:
Loans and receivables	₩ 20,890,125
Amount under IFRS 9:
Financial assets measured at FVTPL	833,942
Financial assets measured at amortized cost	19,988,001
Difference	(68,182)
Loans
Amount under IAS 39:
Loans and receivables	277,876,371
Amount under IFRS 9:
Financial assets measured at FVTPL	778,985
Financial assets measured at amortized cost	277,126,029
Difference	28,643
Other financial assets
Amount under IAS 39:
Loans and receivables	12,090,983
Amount under IFRS 9:
Financial assets measured at amortized cost	12,090,983
Difference	0
Trading assets | Debt securities
Amount under IAS 39:
Financial assets at FVTPL	23,640,646
Amount under IFRS 9:
Financial assets measured at FVTPL	23,640,646
Difference	0
Trading assets | Equity securities
Amount under IAS 39:
Financial assets at FVTPL	4,634,353
Amount under IFRS 9:
Financial assets measured at FVTPL	4,634,353
Difference	0
Trading assets | Gold and silver deposits
Amount under IAS 39:
Financial assets at FVTPL	189,297
Amount under IFRS 9:
Financial assets measured at FVTPL	189,297
Difference	0
Financial assets designated at FVTPL(IAS39) | Debt securities
Amount under IAS 39:
Financial assets at FVTPL	2,110,810
Amount under IFRS 9:
Financial assets measured at FVTPL	2,030,522
Financial assets designated as at FVTPL	80,288
Difference	0
Financial assets designated at FVTPL(IAS39) | Equity securities
Amount under IAS 39:
Financial assets at FVTPL	1,234,356
Amount under IFRS 9:
Financial assets measured at FVTPL	1,162,553
Financial assets designated as at FVTPL	71,803
Difference	0
Financial assets designated at FVTPL(IAS39) | Hybrid financial assets
Amount under IAS 39:
Financial assets at FVTPL	233,892
Amount under IFRS 9:
Financial assets measured at FVTPL	233,892
Difference	0
Derivatives
Amount under IAS 39:
Financial assets at FVTPL	3,400,178
Amount under IFRS 9:
Financial assets measured at FVTPL	3,348,803
Difference	(51,375)
Available-for-sale financial assets | Debt securities
Amount under IAS 39:
AFS financial assets	37,186,552
Amount under IFRS 9:
Financial assets measured at FVTPL	533,452
Financial assets measured at FVOCI	36,657,807
Difference	4,707
Available-for-sale financial assets | Equity securities
Amount under IAS 39:
AFS financial assets	4,930,384
Amount under IFRS 9:
Financial assets measured at FVTPL	4,350,969
Financial assets measured at FVOCI	590,405
Difference	10,990
HTM financial assets | Debt securities
Amount under IAS 39:
HTM financial assets	24,990,680
Amount under IFRS 9:
Financial assets measured at FVTPL	529,906
Financial assets measured at amortized cost	24,424,867
Difference	(35,907)
Deposits
Amount under IAS 39:
Financial liabilities measured at amortized cost	249,419,224
Amount under IFRS 9:
Financial liabilities measured at amortized cost	249,419,224
Difference	0
Trading liabilities
Amount under IAS 39:
Financial liabilities at FVTPL	1,848,490
Amount under IFRS 9:
Financial liabilities measured at FVPTL	1,848,490
Difference	0
Financial liabilities designated at FVTPL(IAS39)
Amount under IAS 39:
Financial liabilities at FVTPL	8,297,609
Amount under IFRS 9:
Financial liabilities measured at FVPTL	36,973
Financial liabilities designated as at FVTPL	8,260,636
Difference	0
Derivatives
Amount under IAS 39:
Financial liabilities at FVTPL	3,487,661
Amount under IFRS 9:
Financial liabilities measured at FVPTL	3,483,642
Difference	(4,019)
Borrowings
Amount under IAS 39:
Financial liabilities measured at amortized cost	27,586,610
Amount under IFRS 9:
Financial liabilities measured at amortized cost	27,586,313
Difference	(297)
Debt securities issued
Amount under IAS 39:
Financial liabilities measured at amortized cost	51,340,821
Amount under IFRS 9:
Financial liabilities measured at amortized cost	51,340,821
Difference	0
Others
Amount under IAS 39:
Financial liabilities measured at amortized cost	20,124,451
Amount under IFRS 9:
Financial liabilities measured at amortized cost	20,124,432
Difference	₩ (19)

Impairment of financial assets

Impairment of financial assets upon adoption of IFRS 9 (Details) ₩ in Millions	Jan. 01, 2018KRW (₩)
Financial assets
Amount under IAS 39:
Loss allowance based on IAS 39	₩ 2,374,337
Amount under IFRS 9:
Financial assets measured at amortized cost	2,947,425
Financial assets at measured FVOCI	18,976
Due from banks
Amount under IAS 39:
Loss allowance based on IAS 39	14,054
Amount under IFRS 9:
Financial assets measured at amortized cost	15,062
Loans
Amount under IAS 39:
Loss allowance based on IAS 39	2,310,604
Amount under IFRS 9:
Financial assets measured at amortized cost	2,871,986
Other financial assets
Amount under IAS 39:
Loss allowance based on IAS 39	49,679
Amount under IFRS 9:
Financial assets measured at amortized cost	51,818
Available-for-sale financial assets | Debt securities
Amount under IFRS 9:
Financial assets at measured FVOCI	18,976
HTM financial assets | Debt securities
Amount under IFRS 9:
Financial assets measured at amortized cost	8,559
Contingent liabilities [Member]
Amount under IAS 39:
Loss allowance based on IAS 39	204,512
Amount under IFRS 9:
Financial guarantee	37,289
Unused credit line and other credit commitment	222,498
Financial guarantee contract
Amount under IAS 39:
Loss allowance based on IAS 39	36,506
Amount under IFRS 9:
Financial guarantee	37,289
Unused credit line and other credit commitment
Amount under IAS 39:
Loss allowance based on IAS 39	168,006
Amount under IFRS 9:
Unused credit line and other credit commitment	₩ 222,498

The reclassification of financi

The reclassification of financial assets due to adoption of IFRS 9 (Details) ₩ in Millions	Jan. 01, 2018KRW (₩)
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	₩ 413,408,627
Amount remeasured	(111,124)
Carrying value based on the new standard	413,297,503
Changes in retained earnings	343,016
Changes in other comprehensive income	(417,077)
Due from banks
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	20,890,125
Amount reclassified	(902,124)
Carrying value based on the new standard	19,988,001
Due from banks | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	20,890,125
Carrying value based on the new standard	20,890,125
Due from banks | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(902,124)
Carrying value based on the new standard	(902,124)
Loans
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	277,876,371
Amount reclassified	(750,342)
Carrying value based on the new standard	277,126,029
Loans | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	277,876,371
Carrying value based on the new standard	277,876,371
Loans | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(750,342)
Carrying value based on the new standard	(750,342)
Other financial assets | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	12,090,983
Carrying value based on the new standard	12,090,983
Trading assets | Debt securities
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	23,640,646
Amount reclassified	(23,640,646)
Trading assets | Debt securities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	23,640,646
Carrying value based on the new standard	23,640,646
Trading assets | Debt securities | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(23,640,646)
Carrying value based on the new standard	(23,640,646)
Trading assets | Equity securities
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	4,634,353
Amount reclassified	(4,634,353)
Trading assets | Equity securities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	4,634,353
Carrying value based on the new standard	4,634,353
Trading assets | Equity securities | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(4,634,353)
Carrying value based on the new standard	(4,634,353)
Trading assets | Gold and silver deposits
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	189,297
Amount reclassified	(189,297)
Trading assets | Gold and silver deposits | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	189,297
Carrying value based on the new standard	189,297
Trading assets | Gold and silver deposits | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(189,297)
Carrying value based on the new standard	(189,297)
Derivatives
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	3,400,178
Amount reclassified	(51,375)
Carrying value based on the new standard	3,348,803
Derivatives | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	3,400,178
Carrying value based on the new standard	3,400,178
Derivatives | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(51,375)
Carrying value based on the new standard	(51,375)
Financial assets designated at FVTPL(IAS39) | Debt securities
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	3,579,057
Amount reclassified	(3,579,057)
Financial assets designated at FVTPL(IAS39) | Debt securities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	3,579,057
Carrying value based on the new standard	3,579,057
Financial assets designated at FVTPL(IAS39) | Debt securities | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(3,426,966)
Carrying value based on the new standard	(3,426,966)
Financial assets designated at FVTPL(IAS39) | Debt securities | Reclassification to financial assets designated at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(152,091)
Carrying value based on the new standard	(152,091)
Available-for-sale financial assets | Debt securities
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	37,186,552
Amount reclassified	(37,186,552)
Available-for-sale financial assets | Debt securities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	37,186,552
Carrying value based on the new standard	37,186,552
Available-for-sale financial assets | Debt securities | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(528,745)
Carrying value based on the new standard	(528,745)
Available-for-sale financial assets | Debt securities | Reclassification to financial assets measured at FVOCI
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(36,657,807)
Carrying value based on the new standard	(36,657,807)
Available-for-sale financial assets | Equity securities
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	4,930,385
Amount reclassified	(4,930,385)
Available-for-sale financial assets | Equity securities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	4,930,385
Carrying value based on the new standard	4,930,385
Available-for-sale financial assets | Equity securities | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(4,339,979)
Carrying value based on the new standard	(4,339,979)
Available-for-sale financial assets | Equity securities | Reclassification to financial assets measured at FVOCI
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(590,406)
Carrying value based on the new standard	(590,406)
HTM financial assets | Debt securities
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	24,990,680
Amount reclassified	(24,990,680)
HTM financial assets | Debt securities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	24,990,680
Carrying value based on the new standard	24,990,680
HTM financial assets | Debt securities | Reclassification to financial assets measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(565,813)
Carrying value based on the new standard	(565,813)
HTM financial assets | Debt securities | Reclassification to financial assets measured at amortized cost
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	(24,424,867)
Carrying value based on the new standard	(24,424,867)
Financial assets as measured at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	39,029,641
Amount remeasured	(111,124)
Carrying value based on the new standard	38,918,517
Changes in retained earnings	138,559
Changes in other comprehensive income	(212,620)
Financial assets as measured at FVTPL | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	0
Amount remeasured	0
Carrying value based on the new standard	0
Changes in retained earnings	0
Changes in other comprehensive income	0
Financial assets as measured at FVTPL | Transfer from due from banks
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	902,124
Amount remeasured	(68,182)
Carrying value based on the new standard	833,942
Changes in other comprehensive income	(68,182)
Financial assets as measured at FVTPL | Transfer from loans and other receivables
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	750,342
Amount remeasured	30,027
Carrying value based on the new standard	780,369
Changes in retained earnings	30,027
Financial assets as measured at FVTPL | Transfer from trading assets
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	28,464,296
Carrying value based on the new standard	28,464,296
Financial assets as measured at FVTPL | Transfer from financial assets designated at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	3,426,967
Carrying value based on the new standard	3,426,967
Financial assets as measured at FVTPL | Transfer from AFS
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	4,868,724
Amount remeasured	7,708
Carrying value based on the new standard	4,876,432
Changes in retained earnings	108,532
Changes in other comprehensive income	(108,532)
Financial assets as measured at FVTPL | Transfer from HTM
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	565,813
Amount remeasured	(35,907)
Carrying value based on the new standard	529,906
Changes in other comprehensive income	(35,907)
Financial assets as measured at FVTPL | Transfer from derivative assets
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	51,375
Amount remeasured	(42,195)
Carrying value based on the new standard	9,180
Financial assets as measured at FVTPL | Transfer from others
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount remeasured	(2,575)
Carrying value based on the new standard	(2,575)
Financial assets designated at fair value through profit or loss(IFRS9)
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	152,091
Carrying value based on the new standard	152,091
Financial assets designated at fair value through profit or loss(IFRS9) | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	0
Amount reclassified	0
Amount remeasured	0
Carrying value based on the new standard	0
Changes in retained earnings	0
Changes in other comprehensive income	0
Financial assets designated at fair value through profit or loss(IFRS9) | Transfer from financial assets designated at FVTPL
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	152,091
Carrying value based on the new standard	152,091
Financial assets at fair value through other comprehensive income
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	37,248,212
Carrying value based on the new standard	37,248,212
Changes in retained earnings	204,457
Changes in other comprehensive income	(204,457)
Financial assets at fair value through other comprehensive income | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	0
Amount reclassified	0
Amount remeasured	0
Carrying value based on the new standard	0
Changes in retained earnings	0
Changes in other comprehensive income	0
Financial assets at fair value through other comprehensive income | Transfer from AFS
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	37,248,212
Carrying value based on the new standard	37,248,212
Changes in retained earnings	204,457
Changes in other comprehensive income	(204,457)
Financial assets measured at amortized cost
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	24,424,867
Carrying value based on the new standard	24,424,867
Financial assets measured at amortized cost | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	0
Amount reclassified	0
Amount remeasured	0
Carrying value based on the new standard	0
Changes in retained earnings	0
Changes in other comprehensive income	0
Financial assets measured at amortized cost | Transfer from HTM
The reclassification of financial assets due to adoption of IFRS 9 [Line Items]
Amount reclassified	24,424,867
Carrying value based on the new standard	₩ 24,424,867

The reclassification of finan_2

The reclassification of financial liabilities due to adoption of IFRS 9 (Details) ₩ in Millions	Jan. 01, 2018KRW (₩)
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	₩ 362,104,866
Amount remeasured	(4,335)
Carrying value based on the new standard	362,100,531
Deposits | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	249,419,224
Carrying value based on the new standard	249,419,224
Trading liabilities
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	1,848,490
Amount reclassified	(1,848,490)
Trading liabilities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	1,848,490
Carrying value based on the new standard	1,848,490
Trading liabilities | Reclassification to financial liabilities measured at FVTPL
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount reclassified	(1,848,490)
Carrying value based on the new standard	(1,848,490)
Financial liabilities designated at FVTPL(IAS39)
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	8,297,609
Amount reclassified	(8,297,609)
Financial liabilities designated at FVTPL(IAS39) | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	8,297,609
Carrying value based on the new standard	8,297,609
Financial liabilities designated at FVTPL(IAS39) | Reclassification to financial liabilities measured at FVTPL
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount reclassified	(36,973)
Carrying value based on the new standard	(36,973)
Financial liabilities designated at FVTPL(IAS39) | Reclassification to financial liabilities designated at FVTPL
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount reclassified	(8,260,636)
Carrying value based on the new standard	(8,260,636)
Financial liabilities measured at FVTPL
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount reclassified	1,885,463
Carrying value based on the new standard	1,885,463
Financial liabilities measured at FVTPL | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	0
Amount reclassified	0
Amount remeasured	0
Carrying value based on the new standard	0
Changes in retained earnings	0
Changes in other comprehensive income	0
Financial liabilities measured at FVTPL | Transfer from trading liabilities
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount reclassified	1,848,490
Carrying value based on the new standard	1,848,490
Financial liabilities measured at FVTPL | Transfer from financial liabilities designated at FVTPL
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount reclassified	36,973
Carrying value based on the new standard	36,973
Financial liabilities designated at fair value through profit or loss(IFRS9)
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount reclassified	8,260,636
Carrying value based on the new standard	8,260,636
Financial liabilities designated at fair value through profit or loss(IFRS9) | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	0
Amount reclassified	0
Amount remeasured	0
Carrying value based on the new standard	0
Changes in retained earnings	0
Changes in other comprehensive income	0
Financial liabilities designated at fair value through profit or loss(IFRS9) | Transfer from financial liabilities designated at FVTPL
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount reclassified	8,260,636
Carrying value based on the new standard	8,260,636
Derivative liabilities
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	3,487,661
Amount remeasured	(4,019)
Carrying value based on the new standard	3,483,642
Derivative liabilities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	3,487,661
Carrying value based on the new standard	3,487,661
Derivative liabilities | Other
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount remeasured	(4,019)
Carrying value based on the new standard	(4,019)
Borrowings
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	27,586,610
Amount remeasured	(297)
Carrying value based on the new standard	27,586,313
Borrowings | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	27,586,610
Carrying value based on the new standard	27,586,610
Borrowings | Other
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount remeasured	(297)
Carrying value based on the new standard	(297)
Debt securities issued | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	51,340,821
Carrying value based on the new standard	51,340,821
Other financial liabilities
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	20,124,451
Amount remeasured	(19)
Carrying value based on the new standard	20,124,432
Other financial liabilities | Carrying value under IAS 39 as of January 1, 2018
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	20,124,451
Carrying value based on the new standard	20,124,451
Other financial liabilities | Other
The reclassification of financial liabilities due to adoption of IFRS 9 [Line Items]
Amount remeasured	(19)
Carrying value based on the new standard	₩ (19)

The reclassification of credit

The reclassification of credit loss allowance due to adoption of IFRS 9 (Details) ₩ in Millions	Jan. 01, 2018KRW (₩)
The reclassification of credit loss allowance due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	₩ 2,578,849
Amount reclassified	(3,328)
Amount remeasured	650,667
Carrying value based on the new standard	3,226,188
Changes in retained earnings	(647,339)
Changes in other comprehensive income	18,976
Due from banks
The reclassification of credit loss allowance due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	14,054
Amount reclassified	0
Amount remeasured	1,008
Carrying value based on the new standard	15,062
Changes in retained earnings	(1,008)
Changes in other comprehensive income	0
Loans
The reclassification of credit loss allowance due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	2,310,604
Amount reclassified	(3,328)
Amount remeasured	564,710
Carrying value based on the new standard	2,871,986
Changes in retained earnings	(561,382)
Changes in other comprehensive income	0
Financial assets at fair value through other comprehensive income | Debt securities
The reclassification of credit loss allowance due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	0
Amount reclassified	0
Amount remeasured	18,976
Carrying value based on the new standard	18,976
Changes in retained earnings	(18,976)
Changes in other comprehensive income	18,976
Financial assets measured at amortized cost | Debt securities
The reclassification of credit loss allowance due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	0
Amount reclassified	0
Amount remeasured	8,559
Carrying value based on the new standard	8,559
Changes in retained earnings	(8,559)
Changes in other comprehensive income	0
Other financial assets
The reclassification of credit loss allowance due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	49,679
Amount reclassified	0
Amount remeasured	2,139
Carrying value based on the new standard	51,818
Changes in retained earnings	(2,139)
Changes in other comprehensive income	0
Financial guarantee
The reclassification of credit loss allowance due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	36,506
Amount reclassified	0
Amount remeasured	783
Carrying value based on the new standard	37,289
Changes in retained earnings	(783)
Changes in other comprehensive income	0
Unused credit line and other credit commitment
The reclassification of credit loss allowance due to adoption of IFRS 9 [Line Items]
Carrying value based on the current standard	168,006
Amount reclassified	0
Amount remeasured	54,492
Carrying value based on the new standard	222,498
Changes in retained earnings	(54,492)
Changes in other comprehensive income	₩ 0

Effect on the consolidated stat

Effect on the consolidated statement of financial position (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Provisions
Card point			₩ 0
Other liabilities
Accounts payable	₩ 14,568,962	₩ 11,894,764	9,748,168
Unearned income	317,283	294,710	236,827
Sundry liabilities	₩ 1,617,449	₩ 1,968,823	2,496,169
Amount before implementation of IFRS15
Provisions
Card point			24,700
Other liabilities
Accounts payable			9,789,926
Unearned income			446,068
Sundry liabilities			2,220,471
Increase (decrease) due to application of IFRS 15
Provisions
Card point			(24,700)
Other liabilities
Accounts payable			(41,758)
Unearned income			(209,241)
Sundry liabilities			₩ 275,698

Effect on the consolidated st_2

Effect on the consolidated statement of comprehensive income (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fees and commission income:
Credit card fees	₩ 1,170,078	₩ 1,234,239	₩ 1,360,322
Fees and commission expense:
Credit card fees	₩ (849,256)	₩ (915,521)	(944,533)
Amount before implementation of IFRS15
Fees and commission income:
Credit card fees			2,495,837
Fees and commission expense:
Credit card fees			(2,080,048)
Increase (decrease) due to application of IFRS 15
Fees and commission income:
Credit card fees			(1,135,515)
Fees and commission expense:
Credit card fees			₩ 1,135,515

Condensed Shinhan Financial G_3

Condensed Shinhan Financial Group (Parent Company only) Statement of Financial Position (Details) - KRW (₩) ₩ in Millions	Dec. 31, 2020	Dec. 31, 2019
Investment (at equity) in subsidiaries:
Financial assets at FVTPL	₩ 59,091,403	₩ 53,163,143
Derivative assets	5,633,915	2,829,274
Other assets:
Other	32,194,666	27,878,281
Total assets	605,234,104	552,419,581
Liabilities
Debt securities issued	75,134,394	75,363,364
Derivative liabilities	5,016,567	2,303,012
Accrued expenses & other liabilities	45,526,213	38,237,558
Total liabilities	558,877,246	510,489,200
Equity
Total equity	46,356,858	41,930,381
Total liabilities and equity	605,234,104	552,419,581
Parent Company only
Deposits [Abstract]
Banking subsidiaries	3	167
Receivables from subsidiaries:
Non-banking subsidiaries	3,218,455	2,219,698
Investment (at equity) in subsidiaries:
Banking subsidiaries	13,797,222	13,797,222
Non-banking subsidiaries	16,157,962	15,183,053
Financial assets at FVTPL	1,810,867	443,377
Derivative assets	39,392	24,352
Property, equipment and intangible assets, net	10,360	11,106
Other assets:
Banking subsidiaries	260,342	408,436
Non-banking subsidiaries	173,473	171,321
Other	15,838	2,590
Total assets	35,483,914	32,261,322
Liabilities
Debt securities issued	9,920,059	9,147,640
Derivative liabilities	22,133	17,687
Accrued expenses & other liabilities	484,625	630,569
Total liabilities	10,426,817	9,795,896
Equity
Total equity	25,057,097	22,465,426
Total liabilities and equity	₩ 35,483,914	₩ 32,261,322

Condensed Shinhan Financial G_4

Condensed Shinhan Financial Group (Parent Company only) Statement of Income (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Expenses
Interest expense	₩ (4,891,296)	₩ (5,969,398)	₩ (4,992,367)
Profit before income taxes	4,753,871	4,911,508	4,466,610
Income tax expense	1,255,795	1,269,124	1,268,345
Profit for the year	3,498,076	3,642,384	3,198,265
Parent Company only
Income
Dividends from banking subsidiaries	892,420	892,310	541,524
Dividends from non-banking subsidiaries	495,110	428,634	866,150
Interest income from banking subsidiaries	194	263	268
Interest income from non-banking subsidiaries	68,914	38,968	31,224
Other income	268,784	125,324	74,215
Total income	1,725,422	1,485,499	1,513,381
Expenses
Interest expense	(231,205)	(206,815)	(187,882)
Other expense	(216,708)	(147,589)	(89,145)
Total expenses	(447,913)	(354,404)	(277,027)
Profit before income taxes	1,277,509	1,131,095	1,236,354
Income tax expense	3,066	1,922	1,471
Profit for the year	₩ 1,274,443	₩ 1,129,173	₩ 1,234,883

Condensed Shinhan Financial G_5

Condensed Shinhan Financial Group (Parent Company only) Statement of Cash Flows (Details) - KRW (₩) ₩ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Profit before income taxes	₩ 4,753,871	₩ 4,911,508	₩ 4,466,610
Non-cash items included in profit before tax	(6,265,783)	(5,499,341)	(5,531,693)
Changes in operating assets and liabilities	11,096,326	544,938	12,618,248
Net interest paid	(5,267,781)	(5,793,865)	(5,058,596)
Dividend received from subsidiaries	80,728	35,716	63,826
Income tax refunds	1,184,910	1,130,148	850,696
Net cash provided by (used in) operating activities	(4,409,317)	7,179,046	(6,320,196)
Cash flows from investing activities
Other, net	11,233	(264,585)	(311,744)
Net cash provided by (used in) investing activities	(3,025,926)	(22,687,867)	(5,512,585)
Cash flows from financing activities
Issuance of convertible preferred shares	0	747,791	0
Issuance of hybrid bonds	448,698	199,476	1,107,838
Net changes in borrowings	7,465,106	5,017,269	1,772,203
Issuance of debt securities issued	21,480,455	31,083,390	26,487,712
Repayments of debt securities issued	(21,508,827)	(19,881,717)	(14,689,246)
Dividends paid	(968,847)	(830,772)	(714,705)
Acquisition of treasury stock	(150,182)	(444,077)	(151,993)
Redemption of lease liabilities	(781,867)	(269,362)	0
Net cash provided by (used in) financing activities	7,880,569	15,878,811	13,806,527
Net increase (decrease) in cash and cash equivalents	383,808	399,418	1,943,106
Cash and cash equivalents at beginning of year	8,579,174	8,179,756	6,236,650
Cash and cash equivalents at end of year	8,962,982	8,579,174	8,179,756
Parent Company only
Cash flows from operating activities
Profit before income taxes	1,277,509	1,131,095	1,236,354
Non-cash items included in profit before tax	(1,313,967)	(1,164,022)	(1,251,379)
Changes in operating assets and liabilities	(1,272,738)	1,475,702	(1,671,189)
Net interest paid	(165,570)	(154,765)	(153,926)
Dividend received from subsidiaries	1,386,843	1,320,944	1,407,674
Income tax refunds	0	(194)	0
Net cash provided by (used in) operating activities	(87,923)	2,608,760	(432,466)
Cash flows from investing activities
Net loan origination to non-banking subsidiaries	(1,073,657)	(575,936)	(412,630)
Acquisition of subsidiary	(73,335)	(2,977,196)	(42,273)
Other, net	(100,875)	(660)	(231,281)
Net cash provided by (used in) investing activities	(1,247,867)	(3,553,792)	(686,184)
Cash flows from financing activities
Issuance of common stocks	1,154,347	0	0
Issuance of convertible preferred shares	0	747,791	0
Issuance of hybrid bonds	448,699	199,476	1,107,838
Net changes in borrowings	0	(125,000)	120,000
Issuance of debt securities issued	2,240,581	3,194,764	2,396,138
Repayments of debt securities issued	(1,384,000)	(1,844,000)	(1,590,000)
Dividends paid	(968,847)	(830,772)	(714,705)
Acquisition of treasury stock	(150,448)	(444,077)	(151,993)
Disposition of and incineration cost of treasury stock	(3,033)	0	0
Redemption of lease liabilities	(1,673)	(1,614)	0
Net cash provided by (used in) financing activities	1,335,626	896,568	1,167,278
Net increase (decrease) in cash and cash equivalents	(164)	(48,464)	48,628
Cash and cash equivalents at beginning of year	164	48,628	0
Cash and cash equivalents at end of year	₩ 0	₩ 164	₩ 48,628