Shinhan Bank to participate in ADB's annual meeting

By Lee Yeon-woo

Shinhan Bank announced on Monday that it will participate in the 56th annual meeting of the Asian Development Bank (ADB), which will take place from May 2 to 5 in Incheon Metropolitan City. The bank will serve as a sponsor and play various roles throughout the meeting.

ADB is an international organization founded in 1966 to promote economic growth and cooperation in Asia, which was one of the poorest regions in the world at that time. ADB's annual meeting is the organization's biggest event, where decisions on its administration, finance and operating direction are made.

According to its agreement with the finance ministry in April, the bank is sponsoring the event in several ways, such as creating common areas for networking and providing lunch for participants. It will also run an exhibition hall that focuses on digital transformation alongside other affiliates from Shinhan Financial Group, and display a range of the group's digital services, including its metaverse platform Shinamon.

To showcase Korea's high-quality finance, the bank has pledged to engage in communication with various institutions from other countries on a range of topics. To that end, the bank's CEO, Jung Sang-hyuk, will actively participate in the opening ceremony, official banquets and CEO meetings of international financial firms to enhance the company's global competitiveness.

"As this is the first in-person annual meeting of the ADB since COVID-19 began, Shinhan Bank is committed to making every effort to ensure the success of the meeting as a sponsor bank,” said an official from the bank.