Shinhan Financial Group annual r&d spending
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Shinhan Financial Group R&D Spending Growth & History (SHG)
Shinhan Financial Group's r&d spending was ₩23.92B for fiscal 2024.
View full Shinhan Financial Group company overviewShinhan Financial Group annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | ₩23.92B | ₩2.42B | +11.27% |
| 2023 | 2023-12-31 | ₩21.49B | ₩791.0M | +3.82% |
| 2022 | 2022-12-31 | ₩20.70B | −₩4.62B | −18.23% |
| 2021 | 2021-12-31 | ₩25.32B | ₩5.05B | +24.91% |
| 2020 | 2020-12-31 | ₩20.27B | ₩2.53B | +14.25% |
| 2019 | 2019-12-31 | ₩17.74B | ₩3.81B | +27.38% |
| 2018 | 2018-12-31 | ₩13.93B | −₩165.0M | −1.17% |
| 2017 | 2017-12-31 | ₩14.09B | ₩23.0M | +0.16% |
| 2016 | 2016-12-31 | ₩14.07B | ₩628.0M | +4.67% |
| 2015 | 2015-12-31 | ₩13.44B | — | — |
Shinhan Financial Group r&d spending trends
Over the last five fiscal years, Shinhan Financial Group's r&d spending increased from ₩17.74B to ₩23.92B, a change of ₩6.17B.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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