RNS NO 3177P
SHINHAN BANK
31st March 1998

To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the 31
March 98.

Issue:              Shinhan Bank (MTN)
                    US$200,000,000 Due 2/4/1999

ISIN NO:            XS0065040270

Issue Nominal:      $200,000,000

Period:             02 April 98         to 02-0ct-98

Number of Days:     183
Rate:               6.00000             PCT
Denomination:       $10,000             $500,000            $1,000,000

Amount Payable Per
Denomination:       $305.00             $15,250.00          $30,500.00



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


END


RC SDFFEFUAUFID
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