1. Shinhan’s Dividend Decision: What Happened?

Shinhan announced a cash dividend of KRW 570 per share (0.8% dividend yield) for Q1 2025. This is part of their shareholder return policy, alongside share buybacks and cancellations. The payment date is August 29th, with a record date of August 1st.

2. Behind the Strong Q1 Earnings: Why the Dividend?

Shinhan’s Q1 net profit reached KRW 1.4883 trillion, a 12.6% YoY increase. Despite falling market interest rates, efficient ALM and corporate loan growth drove this performance. The banking sector contributed 74.3% of net profit, acting as the core revenue source. However, performance across sectors was mixed, with the credit card sector declining by 26.7% while the securities sector grew by 42.5%.

3. Are There Only Positives?: Analyzing the Hidden Risks

Macroeconomic Uncertainty: Falling interest rates could pressure interest margins, and a potential economic slowdown looms. Sluggish Credit Card Performance: A strategy for profitability improvement is urgently needed. Rising Credit Costs: Further increases are possible if the economic slowdown continues.

4. Investor Action Plan: What Should You Do?

While the dividend is a positive signal, long-term investors should closely monitor macroeconomic conditions, the credit card sector’s recovery, and credit cost management. The credit card sector’s performance is expected to significantly impact stock prices.