XML 121 R108.htm IDEA: XBRL DOCUMENT
v3.26.1

Income tax expense (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Major components of tax expense (income) [abstract] |
Summary of income tax expense |
| (a) | Income tax expense for the years ended December 31, 2023, 2024 and 2025 are as follows:
|  | 2023 |  |  | 2024 |  |  | 2025 |
Current income tax expense |  | W | 1,301,802 |  |  |  | 1,210,083 |  |  |  | 1,572,116 |
Temporary differences |  |  | 493,026 |  |  |  | (163,840 | ) |  |  | 17,638 |
Income tax recognized in other comprehensive income |  |  | (307,868 | ) |  |  | 424,679 |  |  |  | 254,736 |
Income tax expenses |  | W | 1,486,960 |  |  |  | 1,470,922 |  |  |  | 1,844,490 |
Summary of income tax expense calculated by multiplying net income before tax with the tax rate |
| (b) | Income tax expense calculated by multiplying net income before tax with the tax rate for the years ended December 31, 2023, 2024 and 2025 are as follows:
|  | 2023 |  |  | 2024 |  |  | 2025 |
Profit before income taxes |  | W | 5,964,960 |  |  |  | 6,029,092 |  |  |  | 6,929,009 |
Income taxes at statutory tax rates |  |  | 1,564,388 |  |  |  | 1,581,318 |  |  |  | 1,818,897 |
Adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Non-taxable income |  |  | (10,350 | ) |  |  | (44,370 | ) |  |  | (20,796 | )
Non-deductible expense |  |  | 16,514 |  |  |  | 19,755 |  |  |  | 23,909 |
Tax credit |  |  | (1,185 | ) |  |  | (1,484 | ) |  |  | (1,318 | )
Others |  |  | (82,407 | ) |  |  | (84,297 | ) |  |  | 23,798 |
Income tax expense |  | W | 1,486,960 |  |  |  | 1,470,922 |  |  |  | 1,844,490 |
Effective tax rate |  |  | 24.93 | % |  |  | 24.40 |  |  |  | 26.62 |
Summary of deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences |
| (c) | Deferred tax expenses by origination and reversal of deferred assets and liabilities and temporary differences for the years ended December 31, 2024 and 2025 are as follows:
|  | 2024 |
|  | Beginning Balance |  |  | Profit or loss |  |  | Other comprehensive income (loss) |  |  | Ending Balance (*1) |
Unearned income |  | W | (432,276 | ) |  |  | 2,101 |  |  |  | — |  |  |  | (430,175 | )
Account receivable |  |  | (21,354 | ) |  |  | (15,052 | ) |  |  | — |  |  |  | (36,406 | )
Financial assets measured at fair value |  |  | 454,253 |  |  |  | (408,640 | ) |  |  | (425,218 | ) |  |  | (379,605 | )
Investment in associates |  |  | 188,268 |  |  |  | 8,543 |  |  |  | (2,396 | ) |  |  | 194,415 |
Valuation and depreciation of property and equipment etc. |  |  | (104,078 | ) |  |  | 147 |  |  |  | — |  |  |  | (103,931 | )
Derivative asset |  |  | 152,388 |  |  |  | (79,962 | ) |  |  | (21,242 | ) |  |  | 51,184 |
Deposits |  |  | 33,553 |  |  |  | (6,274 | ) |  |  | — |  |  |  | 27,279 |
Accrued expenses |  |  | 221,458 |  |  |  | 64,571 |  |  |  | — |  |  |  | 286,029 |
Defined benefit obligation |  |  | 544,667 |  |  |  | (17,567 | ) |  |  | 19,995 |  |  |  | 547,095 |
Plan assets |  |  | (617,983 | ) |  |  | 32,565 |  |  |  | 1,710 |  |  |  | (583,708 | )
Other provisions |  |  | 510,604 |  |  |  | (15,187 | ) |  |  | — |  |  |  | 495,417 |
Allowance for acceptances and guarantees |  |  | 22,017 |  |  |  | 13,467 |  |  |  | — |  |  |  | 35,484 |
Allowance related to asset revaluation |  |  | (47,709 | ) |  |  | — |  |  |  | — |  |  |  | (47,709 | )
Allowance for expensing depreciation |  |  | (140 | ) |  |  | 61 |  |  |  | — |  |  |  | (79 | )
Accrued contributions |  |  | 37,669 |  |  |  | 19,935 |  |  |  | — |  |  |  | 57,604 |
Financial assets (liabilities) designated at fair value through profit or loss |  |  | (232,597 | ) |  |  | 119,658 |  |  |  | — |  |  |  | (112,939 | )
Allowances |  |  | 224,066 |  |  |  | 50,152 |  |  |  | — |  |  |  | 274,218 |
Constructive dividend |  |  | 17,718 |  |  |  | 857 |  |  |  | — |  |  |  | 18,575 |
Liability under insurance contracts |  |  | 11,445 |  |  |  | (1,089 | ) |  |  | — |  |  |  | 10,356 |
Others |  |  | (1,551,513 | ) |  |  | (2,239 | ) |  |  | 851,830 |  |  |  | (701,922 | )
|  |  | (589,544 | ) |  |  | (233,953 | ) |  |  | 424,679 |  |  |  | (398,818 | )
Expired unused tax losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Extinguishment of deposit and insurance liabilities |  |  | 200,668 |  |  |  | (20,165 | ) |  |  | — |  |  |  | 180,503 |
|  | W | (388,876 | ) |  |  | (254,118 | ) |  |  | 424,679 |  |  |  | (218,315 | )
| (*1) | Deferred tax assets from overseas subsidiaries are increased by W 6,721 million due to foreign exchange rate movements.
| (*2) | The Group does not recognize deferred tax assets and liabilities related to global minimum tax laws by applying the temporary exception provision for deferred tax in IAS 12.
|  | 2025 |
|  | Beginning Balance |  |  | Profit or loss |  |  | Other comprehensive income (loss) |  |  | Ending Balance (*) |
Unearned income |  | W | (430,175 | ) |  |  | (23,729 | ) |  |  | — |  |  |  | (453,904 | )
Account receivable |  |  | (36,406 | ) |  |  | (5,060 | ) |  |  | — |  |  |  | (41,466 | )
Financial assets measured at fair value |  |  | (379,605 | ) |  |  | 76,414 |  |  |  | 585,988 |  |  |  | 282,797 |
Investment in associates |  |  | 194,415 |  |  |  | (18,848 | ) |  |  | 6,229 |  |  |  | 181,796 |
Valuation and depreciation of property and equipment, etc. |  |  | (103,931 | ) |  |  | (959 | ) |  |  | — |  |  |  | (104,890 | )
Derivative asset |  |  | 51,184 |  |  |  | (70,745 | ) |  |  | 82,890 |  |  |  | 63,329 |
Deposits |  |  | 27,279 |  |  |  | 9,677 |  |  |  | — |  |  |  | 36,956 |
Accrued expenses |  |  | 286,029 |  |  |  | 40,172 |  |  |  | — |  |  |  | 326,201 |
Defined benefit obligation |  |  | 547,095 |  |  |  | 35,686 |  |  |  | (8,532 | ) |  |  | 574,249 |
Plan assets |  |  | (583,708 | ) |  |  | (76,062 | ) |  |  | 13,930 |  |  |  | (645,840 | )
Other provisions |  |  | 495,417 |  |  |  | 12,464 |  |  |  | — |  |  |  | 507,881 |
Allowance for acceptance and guarantees |  |  | 35,484 |  |  |  | 12,713 |  |  |  | — |  |  |  | 48,197 |
Allowance related to asset revaluation |  |  | (47,709 | ) |  |  | (1,999 | ) |  |  | — |  |  |  | (49,708 | )
Allowance for expensing depreciation |  |  | (79 | ) |  |  | 61 |  |  |  | — |  |  |  | (18 | )
Accrued contributions |  |  | 57,604 |  |  |  | (1,561 | ) |  |  | — |  |  |  | 56,043 |
Financial assets (liabilities) designated at fair value through profit or loss |  |  | (112,939 | ) |  |  | (14,065 | ) |  |  | — |  |  |  | (127,004 | )
Allowances |  |  | 274,218 |  |  |  | (49,538 | ) |  |  | — |  |  |  | 224,680 |
Constructive dividend |  |  | 18,575 |  |  |  | 848 |  |  |  | — |  |  |  | 19,423 |
Liability under insurance contracts |  |  | 10,356 |  |  |  | (1,510 | ) |  |  | — |  |  |  | 8,846 |
Others |  |  | (701,922 | ) |  |  | (175,446 | ) |  |  | (425,769 | ) |  |  | (1,303,137 | )
|  |  | (398,818 | ) |  |  | (251,487 | ) |  |  | 254,736 |  |  |  | (395,569 | )
Expired unused tax losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Extinguishment of deposit and insurance liabilities |  |  | 180,503 |  |  |  | (22,015 | ) |  |  | — |  |  |  | 158,488 |
|  | W | (218,315 | ) |  |  | (273,502 | ) |  |  | 254,736 |  |  |  | (237,081 | )
| (*) | Deferred tax assets from overseas subsidiaries are increased by W 1,128 million due to foreign exchange rate movements.
Summary of deferred tax assets and liabilities that were directly charged or credited to equity |
| (d) | Deferred tax assets and liabilities that are directly charged or credited to equity for the years ended December 31, 2024 and 2025 are as follows:
|  | January 1, 2024 |  |  | Changes |  |  | December 31, 2024 |
|  | OCI |  |  | Tax effect |  |  | OCI |  |  | Tax effect |  |  | OCI |  |  | Tax effect |
Gain (loss) on valuation of financial assets measured at FVOCI |  | W | (4,727,044) |  |  |  | 1,223,503 |  |  |  | 1,614,241 |  |  |  | (425,218 | ) |  |  | (3,112,803 | ) |  |  | 798,285 |
Gain (loss) on financial liabilities designated at FVTPL attributable to changes in credit risk |  |  | (5,278 | ) |  |  | 1,393 |  |  |  | (2,288 | ) |  |  | 604 |  |  |  | (7,566 | ) |  |  | 1,997 |
Foreign currency translation adjustments for foreign operations |  |  | (105,343 | ) |  |  | (13,174 | ) |  |  | 401,576 |  |  |  | 13,431 |  |  |  | 296,233 |  |  |  | 257 |
Gain (loss) on cash flow hedges |  |  | (48,623 | ) |  |  | 13,515 |  |  |  | 59,756 |  |  |  | (21,242 | ) |  |  | 11,133 |  |  |  | (7,727 | )
Equity in other comprehensive income (loss) of associates |  |  | (1,321 | ) |  |  | 352 |  |  |  | 9,067 |  |  |  | (2,396 | ) |  |  | 7,746 |  |  |  | (2,044 | )
Remeasurements of the defined benefit liability |  |  | (398,538 | ) |  |  | 106,209 |  |  |  | (83,464 | ) |  |  | 21,705 |  |  |  | (482,002 | ) |  |  | 127,914 |
Net finance income (expense) on insurance contract |  |  | 3,912,910 |  |  |  | (1,033,014 | ) |  |  | (3,173,553 | ) |  |  | 837,795 |  |  |  | 739,357 |  |  |  | (195,219 | )
|  | W | (1,373,237) |  |  |  | 298,784 |  |  |  | (1,174,665 | ) |  |  | 424,679 |  |  |  | (2,547,902 | ) |  |  | 723,463 |
|  | January 1, 2025 |  |  | Changes |  |  | December 31, 2025 |
|  | OCI |  |  | Tax effect |  |  | OCI |  |  | Tax effect |  |  | OCI |  |  | Tax effect |
Gain (loss) on valuation of financial assets measured at FVOCI |  | W | (3,112,803) |  |  |  | 798,285 |  |  |  | (2,024,457 | ) |  |  | 585,987 |  |  |  | (5,137,260 | ) |  |  | 1,384,272 |
Gain (loss) on financial liabilities designated at FVTPL attributable to changes in credit risk |  |  | (7,566 | ) |  |  | 1,997 |  |  |  | 1,403 |  |  |  | (301 | ) |  |  | (6,163 | ) |  |  | 1,696 |
Foreign currency translation adjustments for foreign operations |  |  | 296,233 |  |  |  | 257 |  |  |  | (140,164 | ) |  |  | (3,785 | ) |  |  | 156,069 |  |  |  | (3,528 | )
Gain (loss) on cash flow hedges |  |  | 11,133 |  |  |  | (7,727 | ) |  |  | (255,994 | ) |  |  | 82,890 |  |  |  | (244,861 | ) |  |  | 75,163 |
Equity in other comprehensive income (loss) of associates |  |  | 7,746 |  |  |  | (2,044 | ) |  |  | (22,965 | ) |  |  | 6,228 |  |  |  | (15,219 | ) |  |  | 4,184 |
Remeasurements of the defined benefit liability |  |  | (482,002 | ) |  |  | 127,914 |  |  |  | 183 |  |  |  | 5,398 |  |  |  | (481,819 | ) |  |  | 133,312 |
Net finance income (expense) on insurance contract |  |  | 739,357 |  |  |  | (195,219 | ) |  |  | 1,536,884 |  |  |  | (421,681 | ) |  |  | 2,276,241 |  |  |  | (616,900 | )
|  | W | (2,547,902) |  |  |  | 723,463 |  |  |  | (905,110 | ) |  |  | 254,736 |  |  |  | (3,453,012 | ) |  |  | 978,199 |
Summary of the amount of deductible temporary differences, unused tax losses, and unused tax credits that are not recognized as deferred tax assets |
| (e) | The amount of deductible temporary differences that are not recognized as deferred tax assets as of December 31, 2024 and 2025 are as follows:
|  | 2024 |  |  | 2025 |
Temporary differences related to Shinhan EZ General Insurance Co., Ltd. (*1) |  | W | 109,731 |  |  |  | 135,608 |
| (*1) | Shinhan EZ General Insurance Co., Ltd., a subsidiary of the Group, suffered a net loss for the current period, etc. As of the end of December 31, 2025, deferred corporate tax assets were not recognized as it was determined that the temporary difference to be deducted in excess of the temporary difference to be added and the tax loss were not feasible.
| (*2) | The expiration date of unused carried tax losses not recognized as deferred tax assets as of the end of the reporting period is as follows:
|  | 1 year or less |  |  | 1~2 years |  |  | 2~3 years |  |  | More than 3 years |  |  | Total |
Tax loss carried-forward |  | W | 7,444 |  |  |  | 9,253 |  |  |  | 12,361 |  |  |  | 98,817 |  |  |  | 127,875 |
Summary of the amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities |
| (f) | The amount of temporary difference regarding investment in subsidiaries that are not recognized as deferred tax liabilities as of December 31, 2024 and 2025 are as follows:
|  | 2024 |  |  | 2025 |
Investment in subsidiaries, etc. |  | W | (10,203,270) |  |  |  | (10,643,726 | )
Summary of deferred tax assets and liabilities presented on a gross basis prior to any offsetting |
| (g) | The Group set off a deferred tax asset against a deferred tax liability of the same taxable entity if, and only if, they relate to income taxes levied by the same taxation authority and the entity has a legally enforceable right to set off current tax assets against current tax liabilities. Deferred tax assets and liabilities presented on a gross basis prior to any offsetting as of December 31, 2024 and 2025 are as follows:
|  | 2024 |  |  | 2025 |
Deferred tax assets |  | W | 1,375,325 |  |  |  | 1,266,026 |
Deferred tax liabilities |  |  | 1,593,640 |  |  |  | 1,503,107 |

X
- References No definition available. + Details
Name: | ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | shg_ChangesInDeferredTaxLiabilityAssetTextBlock
Namespace Prefix: | shg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | shg_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquityTextBlock
Namespace Prefix: | shg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | shg_DisclosureOfTemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVenturesTextBlock
Namespace Prefix: | shg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | shg_DisclosureOfUnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedTextBlock
Namespace Prefix: | shg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References No definition available. + Details
Name: | shg_ScheduleOfComponentsOfIncomeTaxExpenseBenefitExplanatory
Namespace Prefix: | shg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References No definition available. + Details
Name: | shg_ScheduleOfDeferredTaxAssetsAndLiabilitiesExplanatory
Namespace Prefix: | shg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
Name: | shg_ScheduleOfEffectiveIncomeTaxRateReconciliationExplanatory
Namespace Prefix: | shg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration