88KI Segro 37

RNS No 8751w
SHINHAN BANK
19th August 1997



To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
19-Aug-97.

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

ISIN NO:            XS0068596823
Issue Nominal:      $100,000,000
Period:             21-Aug-97           To    21-Nov-97
Number of Days:     92
Rate:               5.96875   PCT
Denomination:       $10,000   $500,000     $1,000,000
Amount Payable      
Per Denomination:   $152.53   $7,626.74    $15,253.47


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


END

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