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Intangible assets | 12 Months Ended
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Dec. 31, 2025
Disclosure of detailed information about intangible assets [abstract] |
Intangible assets |
15. | Intangible assets
| (a) | Details of intangible assets as of December 31, 2024 and 2025 are as follows:
|  | 2024 |  |  | 2025 |
Goodwill |  | W | 4,665,417 |  |  |  | 4,656,673 |
Software |  |  | 235,229 |  |  |  | 251,178 |
Development cost |  |  | 677,572 |  |  |  | 543,993 |
Others |  |  | 541,915 |  |  |  | 441,314 |
|  | W | 6,120,133 |  |  |  | 5,893,158 |
| (b) | Changes in intangible assets for the years ended December 31, 2024 and 2025 are as follows:
|  | 2024 |
|  | Goodwill |  |  | Software |  |  | Development cost |  |  | Others |  |  | Total |
Beginning balance |  | W | 4,677,204 |  |  |  | 259,233 |  |  |  | 464,638 |  |  |  | 816,871 |  |  |  | 6,217,946 |
Acquisition |  |  | — |  |  |  | 67,077 |  |  |  | 196,292 |  |  |  | 110,230 |  |  |  | 373,599 |
Disposal and write-off |  |  | — |  |  |  | (2,822 | ) |  |  | (418 | ) |  |  | (8,383 | ) |  |  | (11,623 | )
Amounts transferred from (to) property and equipment |  |  | — |  |  |  | — |  |  |  | (2,302 | ) |  |  | — |  |  |  | (2,302 | )
Amounts transferred within intangible assets |  |  | — |  |  |  | 905 |  |  |  | 165,761 |  |  |  | (166,666 | ) |  |  | — |
Impairment (*1) |  |  | (24,513 | ) |  |  | — |  |  |  | (715 | ) |  |  | (128 | ) |  |  | (25,356 | )
Amortization (*2) |  |  | — |  |  |  | (96,335 | ) |  |  | (179,302 | ) |  |  | (174,341 | ) |  |  | (449,978 | )
Effects of changes in foreign exchange rate |  |  | 12,726 |  |  |  | 7,171 |  |  |  | 33,618 |  |  |  | (35,668 | ) |  |  | 17,847 |
Ending balance |  | W | 4,665,417 |  |  |  | 235,229 |  |  |  | 677,572 |  |  |  | 541,915 |  |  |  | 6,120,133 |
| (*1) | Goodwill impairment incurred from the cash-generating unit of security sector at Shinhan Securities Vietnam Co., Ltd. and other sector at Shinhan Asset Trust Co., Ltd. As a result of the impairment test for goodwill of Shinhan Securities Vietnam Co., Ltd., the Group recognized an impairment loss amounting to W 1,298 million for the carrying amount exceeding the recoverable amount of the CGU. This is due to the decrease in recoverable amounts resulting from the reduced trading volume and trading value on the Vietnamese stock market, caused by the global high interest rate environment and domestic and external economic recessions. In addition, as a result of the impairment test for goodwill of Shinhan Asset Trust Co., Ltd., the Group recognized an impairment loss amounting to W 23,215 million for the carrying amount exceeding the recoverable amount of the CGU. This is due to the decrease in recoverable amounts resulting from the deterioration of the business environment caused by the slowdown in the real estate and construction sectors. The amount of impairment loss recognized is included in the non-operating expenses, of the consolidated statement of comprehensive income.
| (*2) | Included in general administrative expense, other operating expense, and insurance service expense of the consolidated statements of comprehensive income.
|  | 2025 |
|  | Goodwill |  |  | Software |  |  | Development cost |  |  | Others |  |  | Total |
Beginning balance |  | W | 4,665,417 |  |  |  | 235,229 |  |  |  | 677,572 |  |  |  | 541,915 |  |  |  | 6,120,133 |
Acquisition |  |  | — |  |  |  | 108,624 |  |  |  | 82,897 |  |  |  | 96,635 |  |  |  | 288,156 |
Disposal and write-off |  |  | — |  |  |  | (969 | ) |  |  | (180 | ) |  |  | (13,818 | ) |  |  | (14,967 | )
Amounts transferred from (to) property and equipment |  |  | — |  |  |  | — |  |  |  | (7,548 | ) |  |  | — |  |  |  | (7,548 | )
Amounts transferred within intangible assets |  |  | — |  |  |  | (2,252 | ) |  |  | — |  |  |  | — |  |  |  | (2,252 | )
Impairment (*1) |  |  | — |  |  |  | (499 | ) |  |  | — |  |  |  | (297 | ) |  |  | (796 | )
Amortization (*2) |  |  | — |  |  |  | (94,261 | ) |  |  | (210,459 | ) |  |  | (173,974 | ) |  |  | (478,694 | )
Effects of changes in foreign exchange rate |  |  | (8,744 | ) |  |  | 5,306 |  |  |  | 1,711 |  |  |  | (9,147 | ) |  |  | (10,874 | )
Ending balance |  | W | 4,656,673 |  |  |  | 251,178 |  |  |  | 543,993 |  |  |  | 441,314 |  |  |  | 5,893,158 |
| (*1) | Included in the non-operating expenses of the consolidated statement of comprehensive income.
| (*2) | Included in general administrative expense, other operating expense, and insurance service expense of the consolidated statements of comprehensive income.
| (c) | Goodwill
| i) | Goodwill allocated to the Group’s Cash-Generating Units (CGUs) as of December 31, 2024 and 2025 is as follows:
|  | 2024 |  |  | 2025 |
Banking |  | W | 771,156 |  |  |  | 769,304 |
Credit card |  |  | 2,901,502 |  |  |  | 2,894,610 |
Life insurance |  |  | 850,238 |  |  |  | 850,238 |
Others |  |  | 142,521 |  |  |  | 142,521 |
|  | W | 4,665,417 |  |  |  | 4,656,673 |
| ii) | Goodwill impairment test
The recoverable amounts of each CGU are evaluated based on their respective value in use. ii-1) Explanation on evaluation method The discounted cash flow method (DCF) is applied when evaluating the recoverable amounts based on value in use, considering the characteristics of each unit or group of CGU. However, the CGU of life insurance applied an actuarial enterprise valuation methodology based on stochastically expected cash flows in consideration of the characteristics of the insurance business. ii-2) Projection period When evaluating the value in use, 5.5 years of cash flow estimates are used in projection and the value thereafter is reflected as terminal value. However, 99 years of cash flow estimates for Shinhan Life Insurance Co., Ltd. is applied and the present value of the future cash flows thereafter is not applied as it is not significant. ii-3) Discount rates and terminal growth rates The required rates of return expected by shareholders are applied to the discount rates. It is calculated in consideration of which comprises a risk-free interest rate, a market risk premium and systemic risk (beta factor). In addition, terminal growth rate is estimated based on inflation rate. However, for the life insurance CGU, since its cost of risk is reflected at future cash flows, the current discount rates based on the interest rate term structure of risk-free government bonds that reflects only the time value of money was applied. Discount rates before tax and terminal growth rates applied to each CGU are as follows:
|  | Discount rate before tax (%) |  | Terminal growth rate (%)
Banking |  | 8.4 ~ 15.6 |  | 0.0 ~ 2.0
Credit card |  | 10.0 ~ 15.3 |  | 1.0 ~ 2.0
Others |  | 9.1 ~ 11.2 |  | 1.0
In case of the life insurance CGU, a term structure discount rate of 2.78% ~4.30% was applied for each future period corresponding to future cash flows for 99 years. ii-4) Key assumptions Key assumptions used in the discounted cash flow calculations of CGUs (other than life insurance components) are as follows:
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | 2029 |  |  | 2030 |
CPI growth (%) |  |  | 2.1 |  |  |  | 1.7 |  |  |  | 1.8 |  |  |  | 2.1 |  |  |  | 1.9 |  |  |  | 1.9 |
Private consumption growth (%) |  |  | 0.8 |  |  |  | 1.1 |  |  |  | 1.6 |  |  |  | 1.9 |  |  |  | 2.1 |  |  |  | 2.1 |
Real GDP growth (%) |  |  | 0.8 |  |  |  | 1.4 |  |  |  | 1.7 |  |  |  | 2.0 |  |  |  | 2.1 |  |  |  | 2.1 |
Key assumptions used in the discounted cash flow calculations of life insurance (Shinhan Life Insurance Co., Ltd.) components are as follows:
|  | Key assumptions |
Consumer price index growth rate (Bank of Korea) (%) |  |  | 2.0 |
Risk-based confidence level (%) |  |  | 99.5 |
ii-5) The total recoverable amount and total carrying amount of CGUs to which goodwill has been allocated are as follows:
|  | Amount |
Total recoverable amount |  | W | 63,569,922 |
Total carrying amount |  |  | 55,556,858 |
|  | W | 8,013,064 |

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- Definition The disclosure of intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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