88KI Segro 37

RNS No 8649r
SHINHAN BANK


To:    Company Announcements Office

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

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

ISIN NO:           XS0068596823
Issue Nominal:     USD100,000,000.00             
Period:            21-AUG-98           To          23-NOV-98
Number of Days:    94 
Rate:              5.9375                     PCT
Denomination:      USD10,000.00      USD500,000.00      USD1,000,000.00         
Amount Payable      
Per Denomination:  155.03         7,751.74         15,503.47


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


END

RC SFWFIUUAUFIA

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