Shinhan Bank Tops Seoul’s Treasury Evaluation, Keeping Both Vaults Until 2030

The Seoul Metropolitan Government said on May 12 that Shinhan Bank received the highest scores for both the first and second city treasury accounts after a treasury designation review committee was held to select the next city treasury bank. The evaluation was part of the process to choose the financial institution that will manage Seoul’s treasury for four years from 2027 to 2030. By ranking first for both accounts, Shinhan Bank will maintain its current role. Because Seoul’s city treasury is central to fiscal operations and fund management, the result signals continuity in the city’s fund management system over the next four years. Source: mk.co.kr