RNS No 6285k
SHINHAN BANK 
19th November 1997


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
19-Nov-97.

Issue:              SHINHAN BANK (MTN) - SERIES 4
                    US$100,000,000 DUE 21/8/2000

ISIN NO:            XS0068596823
Issue Nominal:      $100,000,000
Period:             21-Nov-97           To    23-Feb-98
Number of Days:     94
Rate:               6.12500             PCT
Denomination:       $10,000             $500,000      $1,000,000
Amount Payable      
Per Denomination:   $159.93             $7,996.53     $15,993.06


From:
John Patten
Global Trust Services, 380B
Telephone           44 (0) 1202 347935
Facsimile           44 (0) 1202 347939


END

RC FFAFDUUWUFDF
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