88KI Segro 37

RNS No 5414q
SHINHAN BANK
30th September 1997


To:    Company Announcements Office

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

Issue:              SHINHAN BANK (MTN)
                    US$200,000,000 DUE 2.4.1999

ISIN NO:            XS0065040270
Issue Nominal:      $200,000,000
Period:             2-OCT-97           To    2-APR-98
Number of Days:     182
Rate:               6.09375       PCT
Denomination:       $10,000    $500,000     $1,000,000
Amount Payable      
Per Denomination:   $308.07    $15,403.65   $30,807.29

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


END


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