RNS No 8740q
SHINHAN BANK
19th November 1998


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
19-Nov-98.

Issue:              Shinhan Bank (MTN) - Series 4
                    US$ 100,000,000 Due 21-08-2000

ISIN NO:            XS0068596823                    Payment Date 22-02-1999
Issue Nominal:      USD 100,000,000.00
Period:             23-Nov-98           To          22-Feb-99
Number of Days:     91
Rate:               5.5
Denomination:       USD 10,000.00      500,000.00     1,000,000.00
Amount Payable      
Per Denomination:   139.03             6,951.39       13,902.78


From:
Jane Slate 
Global Trust Services, 380B
Telephone           44 (0) 1202 341286
Facsimile           44 (0) 1202 347939


END

RC FFSFDUUAUFLF
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