Hanwha life, far from the only way to go negative margin risk mitigation expectations - Shinhan geumtu

It was [Korea goyounghun financial newspaper reporter] Shinhan Investment far only way to go for 24 days Hanwha Life negative margin is expected doendamyeo risk mitigation target price of short-term BUY recommendation is to keep 7300 won.

4Q11 Earnings Hanwha individual life lasted a deficit pretax profit -403 million. Net income was also lower than both our estimate and the consensus -303 million.

Shinhan Investment hands unknown researcher "Suicide claims paid one-off costs of dwaeteumyeo additional variable insurance guarantee reserves that are commonly reflected in the end the industry annually earn reflects 178 billion won bonus payment of about 350 billion and approximately 20 billion won was also there," said "Last year 10 risk of negative margin thanks to a life insurance company to a global rebound since March has entered the interest rate easing trend, "said diagnosis.

If interest rates are kept at the current level it is expected later this year will reduce variable insurance guarantee reserves earn additional burden.

Was hand-researcher "negative margin risks of October last year after thanks to global interest rates rebound life insurer has entered the easing trend" and "solvency ratio (RBC) regime headwinds last year, the third quarter of 289.8% of the enhanced interest rates and a rebound RBC He explained that the review of the rate hybrid capital securities of the scale corresponding to 500 billion won to 200.4 percent plunge into the end of the year. "

He continued to consider including "The recent trend increases the possibility the United States in March rate hike are mitigated negative margin risk as interest rates rebound is positive," said "negative spread burden is still serious, but two shareholder stake possibility of a Deposit Insurance Corporation were reiterate, "he said.



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Shinhan Bank, Weekly Shinhan way 'executive leadership training

[South Korea's Choice Financial newspaper reporter] Shinhan Bank continues until the end of next month, the executive leadership training to internalize the early '6 Shinhan management rideosang' one handongwoo Shinhan Financial Group president presented to the year's corporate culture.

According on the 24th Shinhan Bank, Shinhan Bank will proceed with the leadership training for two hours every Thursday by more than one trillion Mercenaries Shinhan Bank, including geurupjang (buhaengjang level) executives this month until the end of next month.

The teaching method consists of lectures and interact, case studies (case study), discussions and workshops.

Before January keynote lecture is to start 'future environmental changes and rideosang Shinhan Bank, lectures, jungen two months' business model changed the world (9),' Let leads to Shinhan Way '(16 days),' open network Innovation '(23) the training was conducted.

This is a leadership training course in connection with the January handongwoo Shinhan Financial Group chairman announced the 'Year of Shinhan Financial Management Forum 2017' '6 rideosang management. Handongwoo president of business that create △ sustainability performance in the guise of business leaders led to the success of Shinhan △ partnership to promote the evangelist △ open cooperation with Shinhan cultural leader of △ change △ creator of customer value △ future talent yukseongga including six kinds the bar has presented.

The remaining three are coming wolen 'coaching know-how for human resources' (30) the process "move management" (2 days) and' Insights Lecture (16), finally. The 10 to 11 of the month goes 1 two-day workshop of 11 hour configuration.

Shinhan Bank official said, "and carry out the responsibility as a dedicated module designed in conjunction with faculty degree courses rideosang match.

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