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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001145549-04-001418.txt : 20041027
<SEC-HEADER>0001145549-04-001418.hdr.sgml : 20041027
<ACCEPTANCE-DATETIME>20041027073333
ACCESSION NUMBER:		0001145549-04-001418
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041027
FILED AS OF DATE:		20041027
DATE AS OF CHANGE:		20041027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHINHAN FINANCIAL GROUP CO LTD
		CENTRAL INDEX KEY:			0001263043
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31798
		FILM NUMBER:		041097995

	BUSINESS ADDRESS:	
		STREET 1:		120 2-GA TAEPYUNG RO JUNG GU
		CITY:			SEOUL100-102
		STATE:			F4
		ZIP:			00000
		BUSINESS PHONE:		82263603000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>u99329e6vk.txt
<DESCRIPTION>SHINHAN FINANCIAL GROUP CO., LTD.
<TEXT>
<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934

                          For the Month of October 2004

                        SHINHAN FINANCIAL GROUP CO., LTD.
                 (Translation of registrant's name into English)

              120, 2-Ga, Taepyung-Ro, Jung-Gu, Seoul 100-102, Korea
                    (Address of principal executive offices)

          Indicate by check mark whether the registrant files or will
          file annual reports under cover of Form 20-F or Form 40-F.

                     Form 20-F  X                Form 40-F
                               ---                         ---

     Indicate by check mark if the registrant is submitting the Form 6-K in
     paper as permitted by Regulation S-T Rule 101(b)(1): _______

     Indicate by check mark if the registrant is submitting the Form 6-K in
     paper as permitted by Regulation S-T Rule 101(b)(7): _______

     Indicate by check mark whether the registrant by furnishing the
     information contained in this form is also thereby furnishing the
     information to the Commission pursuant to Rule 12g3-2(b) under the
     Securities Exchange Act of 1934.

                         Yes                     No  X
                             ---                    ---

     If "Yes" is marked, indicate below the file number assigned to the
     registrant in connection with Rule 12g3-2(b): 82-_______.


<PAGE>

ISSUANCE OF SENIOR NOTES BY SHINHAN BANK

On October 26, 2004, Shinhan Bank, one of our major banking subsidiaries,
decided to issue Euro Medium Term Notes (the "Notes") in the aggregate principal
amount of USD 50,000,000. The Notes are scheduled to be issued on November 5,
2004. The following is a detailed summary of terms and conditions of the
issuance of the Notes.


1. Issuer           : Shinhan Bank
2. Amount           : USD 50 Million
3. Form of Debt     : Euro Medium Term Notes
4. Trade Date       : October 26, 2004
5. Issue Date       : November 5, 2004
6. Maturity Date    : November 5, 2007
7. Issue Price      : 100%
8. Coupon Rate      : USD 3-month LIBOR plus 35 basis points
9. Coupon Dates     : Quarterly, from and including 2 February 2005 to and
                      including the Maturity Date
10. Redemption Price: 100%
11. Dealer          : BNP Paribas



<PAGE>
                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.




                                            SHINHAN FINANCIAL GROUP CO., LTD.


                                            By  /s/ Byung Jae Cho
                                            ----------------------------------
                                            Name: Byung Jae Cho
                                            Title:  Chief Financial Officer

Date : October 27, 2004

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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