RNS No 2675m
SHINHAN BANK
19th February 1998

To:    Company Announcements Office

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

Issue:              Shinhan Bank (MTN) - Series 4
                    US$100,000,000 Due 21/8/2000

ISIN NO:            XS0068596823
Issue Nominal:      $100,000,000
Period:             23-Feb-98           To    21-May-98
Number of Days:     87
Rate:               5.87500             PCT
Denomination:       $10,000         $500,000          $1,000,000
Amount Payable      
Per Denomination:   $141.98         $7,098.96         $14,197.92


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


END


RC SFUFLUUAUFFE
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