By 2007, there were many signs that the merger Chohung and Shinhan banks to form the Shinhan Financial Group in 2003, has met its objectives. Stock price of Shinhan Financial Group rose from $ 31 per share for its opening on the New York Stock Exchange in September 2003, shortly after the merger was announced, to $ 91 in April 2006 after the legal merger occurred. The staff were also exhibiting increased identification with a new bank. Looking to the future, the financial group hopes to expand abroad. In addition to the ability to pursue the regional markets of Asia, Europe and the former Soviet markets and major Korean immigrants in the United States valuable to expand. The successful merger of Chohung was an important first step in plans Shinhan, to become a global player in the financial services industry. "Hide
by Rosabeth Moss Kanter, Matthew J Morgan Source: Harvard Business School 12 pages. Publication Date: February 12, 2008. Prod. #: 308095-PDF-ENG
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