RNS No 6959x
SHINHAN BANK


To:    Company Announcements Office

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

Issue:    SHINHAN BANK (MTN) - SERIES 4
          US$100,000,000 DUE 21/8/2000

ISIN NO:  XS0068596823
Issue Nominal:      $100,000,000
Period:             21-MAY-98           To    21-AUG-98
Number of Days:     92
Rate:               5.94531             PCT
Denomination:       $10,000             $500,000            $1,000,000
Amount Payable      
Per Denomination:   $151.94             $7,596.79           $15,193.57


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


END


RC SFWFDUUAUFSI
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