Shinhan tops W1tr overseas profit, eyes global expansion

Shinhan Financial Group will step up its global expansion after surpassing 1 trillion won ($675 million) in overseas pre-tax profit last year, Chairman and CEO Jin Ok-dong said in a shareholder letter released Thursday. “Last year, Shinhan Financial achieved a highly meaningful milestone in Korea's finance history by surpassing 1 trillion won in pre-tax profit from its global network,” Jin wrote. The figure accounted for 16.6 percent of the group’s total earnings, underscoring that its overseas

By The Korea Herald