Shinhan Bank Becomes First Commercial Bank to Launch New 100g Silver Bar Denomination

Silver Coin Giveaway to Celebrate the Launch of Korea Gold Exchange Brokerage Service

Shinhan Bank announced on July 28 that it will hold an event to celebrate the launch of its new 100g silver bar denomination.

Following the release of the 1000g denomination, Shinhan Bank has introduced the 100g silver bar for small-scale investors. The 100g silver bar is available for purchase at Shinhan Bank branches nationwide. From July 28 to August 29, the "Buy a Silver Bar, Get a 1oz Silver Coin?!" event will take place. During the event period, Shinhan Bank will select 30 customers who purchase gold or silver products worth at least 100,000 won, including the 100g silver bar, and award them a 1oz silver coin through a draw. In addition, the first 300 customers who purchase at least 2kg of silver bars will each receive a 1oz silver coin on a first-come, first-served basis.

Shinhan Bank was the first commercial bank to launch the "Shinhan Gold Rich Gold Tech" product, which allows customers to freely invest in gold in increments as small as 0.01g without physical transactions. It is also the only commercial bank currently offering a silver banking product, the "Shinhan Silver Rich Silver Tech."

A Shinhan Bank representative stated, "With the recent rise in gold and silver prices, interest in small-scale physical asset investments has increased, which led us to launch the 100g silver bar denomination." The representative added, "We plan to continue introducing a variety of products and services that reflect our customers' needs in the future."