Shinhan Bank Signs Win-Win Growth Agreement with Daishin Securities and Asset Management

[Asia Economy Reporter Yu Je-hoon] Shinhan Bank announced on the 27th that it signed a strategic business agreement for mutual growth with Daishin Securities and Daishin Asset Management at Daishin 343 located in Jung-gu, Seoul on the 26th.

Through this business agreement, Shinhan Bank plans to build a mutual growth ecosystem through cooperation in ▲ comprehensive tasks such as domestic and international financing and investment ▲ IB-related transactions, real estate REITs business, and derivative transactions ▲ collaboration on electronic signature certification business (Shinhan SIGN) ▲ and tasks related to global expansion.

In particular, the company explained that this business agreement is a strategic alliance involving different financial sectors?banking, securities, and asset management companies?to provide customers with new experiences through financial and digital-related businesses and jointly develop new business models.

Additionally, Shinhan Bank plans to accelerate future global financial businesses by leveraging the expertise and collaboration of Daishin Financial Group, which encompasses finance and real estate, including real estate REIT investments and robo-advisor alternative investments held by Daishin Securities and Daishin Asset Management.

Jin Ok-dong, CEO of Shinhan Bank, stated, "Various collaborations among financial companies have become a necessity, not a choice, to move beyond the boundaries of finance toward digital and global expansion. Based on close cooperation with Daishin Financial Group, we will fulfill the fundamental role of finance in spreading positive influence throughout society."

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