RNS No 4114f
SHINHAN BANK 

LETTER TO:    COMPANY ANNOUNCEMENTS OFFICE

As Agent Bank, please be advised of the following rate determined on the
8-Dec-97

Issue:                    Shinhan Bank (MTN) - Series 7
                          US $50,000,000 FRN Due 10/6/1998

ISIN Number:              XS0077186830
Issue Nominal:            $50,000,000
Period:                   10-Dec-97         TO       10-Mar-98
Number of Days:           90  
Rate:                     6.1875            PCT
Denomination:             $10,000
Amount Payable Per 
Denomination:             $154.69

FROM:         JOHN PATTEN
              GLOBAL TRUST SERVICES, 380B
TELEPHONE     44 (0) 1202 347935
FACSIMILE     44 (0) 1202 347939

END
         


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