By 2007, there were many signs that the merger of Chohung and Shinhan banks, Shinhan Financial Group to form in 2003 had achieved its objectives. Shinhan Financial Group share was increased from $ 31 per share at its opening on the New York Stock Exchange in September 2003, was announced soon after the merger to $ 91 in April 2006, after the legal merger occurred. The employees were also exhibiting increasing identification with the new bank. Looking to the future, the financial group hopes to e … Read more »

By 2007, there were many signs that the merger of Chohung and Shinhan banks, Shinhan Financial Group to form in 2003 had achieved its objectives. Shinhan Financial Group share was increased from $ 31 per share at its opening on the New York Stock Exchange in September 2003, was announced soon after the merger to $ 91 in April 2006, after the legal merger occurred. The employees were also exhibiting increasing identification with the new bank. Looking to the future, the financial group hopes to expand overseas. In addition to finding opportunities in regional Asian markets, Europe and the former Soviet Union markets and the large Korean immigrants in the United States provide valuable expandability. The successful fusion Chohung an important first step in Shinhan plans, was developed into a global player in the financial services industry.
«Hide

from
Rosabeth Moss Kanter,
Matthew J Morgan
Source: Harvard Business School
12 pages.
Release Date: 12 February 2008. Prod #: 308095-PDF-ENG
Shinhan Financial Group (B) HBR case solution