What the bankers say: South Korea

Shinhan Bank Sang-Hoon Shin, President & CEO

1. What makes your country attractive to investors? 

South Korea is, above all, a dynamic society whose creative and well-educated population is at the forefront of innovative research and emerging consumer trends in Asia.

 2. What are the economic prospects for your country over the next three to five years? 

For the next few years, the economy will continue to grow at close to its long-term trend in the 4.5%-4.8% range. The economy is going through a period of structural adjustment that began in 2002 and which we expect to be completed over the next five years.

 3. How do you foresee the financial sector in your country changing? 

The financial sector will continue to expand as demographic forces give rise to new financial needs that have not been prominent so far – such as greater interest in wealth management and widespread adoption of equity release and reverse mortgages. The sector will be much more needs-driven than in the past.

 4. What role will your bank play in your country’s future development?

Shinhan Bank will continue to function as a financial intermediary for companies and individuals from all sections of the economy and society. The bank is committed to taking a leadership role in the financial industry to provide efficient, effective and value-creating services for the nation.