Shinhan Bank Trades 3,000kg of Gold Bars This Year, Transactions Reach 484.3 Billion Won

Shinhan Bank announced on December 8 that its cumulative gold bar transaction volume has surpassed 3,000 kilograms this year.

This figure includes both sales and repurchase transactions of Shinhan Bank-branded gold bars as well as agency gold bars, as of November 30. The total cumulative transaction amount has reached approximately 484.3 billion won.

Since launching the first gold banking service in the banking sector in 2003, Shinhan Bank is currently the only bank to offer its own branded gold bars. The bank also holds the highest market share among commercial banks in both physical silver and silver banking transactions. In July, Shinhan Bank became the first in the financial sector to launch a 100g silver bar product.

Additionally, the bank operates the “Shinhan Gold Reshu” product, which allows customers to freely invest in gold through a bank account. Deposits and withdrawals can be made in units as small as 0.01g, enabling small-scale investments. This year, new accounts and transaction amounts for Gold Reshu reached a total of 856.5 billion won.

A Shinhan Bank representative stated, “This result reflects customers’ strong interest in investing in physical assets,” adding, “We will continue to expand our range of gold and silver-related products to enhance asset stability and broaden investment options for our customers.”

This content was produced with the assistance of AI translation services.