RNS No 0391e 
SHINHAN BANK



To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
06-03-98.

Issue:              Shinhan Bank (MTN) - Series 7
                    US$50,000,000  FRN Due 10/6/1998
                    
ISIN NO:            XS0077186830 
Issue Nominal:      $50,000,000
Period:             10-Mar-98           To    10-Jun-98
Number of Days:     92
Rate:               5.9375              PCT
Denomination:       $10,000
Amount Payable      
Per Denomination:   $151.74  


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


END



RC SSIFDMUAUFSD
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