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    Seung-Gun Kang

    Research Analyst at KB Securities

    Seung-Gun Kang is an Equity Analyst at KB Securities, specializing in coverage of the banking, insurance, and securities sectors with high-profile coverage of companies such as Samsung Life and Kiwoom Securities. He has achieved a top ranking in the securities and insurance sector, having been recognized as the number one analyst and also ranking second in the banking sector in recent industry evaluations, a testament to his performance and expertise. Kang has built his career at KB Securities and is well-known for comprehensive equity analysis, often cited in industry publications for market-moving research. His credentials reflect significant experience and recognition in the Korean financial markets, though details about specific securities licenses or FINRA registration are not publicly disclosed.

    Seung-Gun Kang's questions to SHINHAN FINANCIAL GROUP CO (SHG) leadership

    Seung-Gun Kang's questions to SHINHAN FINANCIAL GROUP CO (SHG) leadership • Q4 2024

    Question

    Seung-Gun Kang of KB Securities asked about the strategy to manage RWA growth under 5% and which business segments would see reductions. He also requested a breakdown of RWA by subsidiary as of year-end 2024.

    Answer

    Group CFO Sang-Hyuk Jung provided the Q4 RWA balances for key subsidiaries: Card (KRW 40.8T), Securities (KRW 34.9T), and Capital (KRW 18.3T). He clarified the strategy is not to reduce assets but to shift to a selective growth path based on capital efficiency. He noted that lower interest rates might reduce demand for corporate bank loans. The group will use tighter internal penalties and ROCE-based metrics to control RWA growth and achieve its CET1 targets.

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