$SHG

Shinhan Financial Group will acquire 77.04% of Lotte Insurance for 693.3 billion won, expanding its non-life insurance market presence. Lotte Insurance has a negative core capital ratio but improved profitability in Q2. Shinhan plans to inject additional capital to strengthen Lotte Insurance's financial position.

CrowdStrike discovered a cyber campaign targeting nine South Korean banks using an AI pentesting tool, ARTEX, from late September to early October 2026. The operator, linked to a Hong Kong IP, left open directories exposing session data. Shinhan Bank reported 25,000 affected customer records. The South Korean government responded with an emergency meeting.

Shinhan Bank Vietnam's Da Nang branch faces scrutiny from the State Bank of Vietnam, which identified shortcomings in loan screening, post-loan monitoring, and collateral management. The branch received nine corrective recommendations. Despite issues, the branch's overall risk level was assessed as low. Shinhan Financial Group plans to expand in Vietnam, with net profit from its Vietnamese operations reaching 259.1 billion won in 2022.

Shinhan Financial Group plans to provide up to $200 million in financing to financial institutions in Uzbekistan, expanding its cooperation with the country and Kazakhstan. The group signed agreements with Uzbekistan's Ministry of Investment and Kazakhstan's Baiterek to pursue infrastructure and renewable energy projects, share financial expertise, and support business activities.

Five South Korean cities and provinces are selecting new operators for their local government coffers. Shinhan Bank was re-elected by Seoul City for its 52 trillion won treasury. KB Kookmin, NH Nonghyup, and iM Bank compete for North Gyeongsang Province's 15 trillion won deposits. Gwangju City and Jeollanam-do focus on regional fund reinvestment. Incheon City's selection involves Shinhan, Hana, and Nonghyup Banks. Local banks criticize Nonghyup Bank's dominance in local government coffers.

Shinhan Asset Management, Solana Foundation, Etherfuse, and Orca will test tokenizing won-denominated funds. The project aims to explore regulatory compliance, blockchain models, and liquidity design for a tokenized ultra-short bond fund. Shinhan seeks to lead the market for won-based digital financial products, with BCG projecting a $30T tokenization market by 2030.

The ASX healthcare sector rose in June, with the sector up 13.31% and up 2.27% in July, though still down about 18% year to date. Singular Health (SHG) reported US$500,000 licence payment and $10.1m cash, Imagion (IBX) received US FDA IND clearance for MagSense HER2 Phase 1b/2, and Recce (RCE) gained ethics approval to advance R327G to Phase 3.

Shinhan Financial's Lotte Insurance Acquisition Collapses, Shifts to Open Auction Lotte Non-Life Insurance's sale has shifted to an open auction process following the final breakdown of negotiations with preferred bidder Shinhan Financial Group. Shinhan Financial reportedly abandoned its acquisition pursuit after roughly one month of exclusive talks, unable to bridge differences over enterprise value (EV).

South Korea’s four major financial holding groups reported combined first-half net profit of 11.34 trillion won, up 9.8% year on year, driven by higher fee income from capital-market businesses. KB led with 3.88 trillion won, followed by Shinhan 3.44 trillion, Hana 2.40 trillion and Woori 1.61 trillion. Competition is shifting from banks to securities and asset management.

South Korea’s five largest financial groups reported combined first-half net income of 13.12 trillion won, a record, up 9.7% year over year, driven by a market rally boosting brokerage and asset management fees, according to company filings. KB led with 3.88 trillion won, followed by Shinhan 3.44 trillion and Hana 2.4 trillion. NH and Woori posted 1.78 and 1.61 trillion won.