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Jeju Bank to increase paid-in capital

Shinhan Financial Group Co. Ltd. unit Jeju Bank plans to increase its paid-in capital by 50 billion South Korean won.

The bank will raise the capital through an issue of 10 million common shares to shareholders, according to a Form 6-K filed Sept. 10.

As of Sept. 7, US$1 was equivalent to 1,124.04 South Korean won.