88KI Segro 37

RNS No 6866p
SHINHAN BANK 

To:    Company Announcements Office

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

Issue:              Shinhan Bank (MTN)
                    US$200,000,000 Due 6/4/1999

ISIN NO:            XS0065040270
Issue Nominal USD:  200,000,000.00
Period:             02-Oct-98           To          06-Apr-99
Number of Days:     186
Rate:               5.49609       
Denomination USD:   10,000.00         500,000.00       1,000,000.00
Amount Payable      
Per Denomination:   283.96            14,198.23        28,396.47


From:
Jane Slate 
Global Trust Services, 380B
Telephone           44 (0) 1202 341286
Facsimile           44 (0) 1202 347939


END


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