# Shinhan Financial Group expansion in Central Asia > Live situation record from CLSTR: https://clstr.news/situations/shinhan-financial-group-expansion-in-central-asia > Updated: 2026-09-17T02:12:09.000Z. Sources: 3. Developments: 2. Shinhan Financial Group is expanding its presence in Central Asia through strategic agreements in Uzbekistan and Kazakhstan. In Uzbekistan, the group signed a cooperation agreement with the Ministry of Investment, Industry and Trade. This partnership involves establishing a funding limit of up to $200 million for local financial institutions and participating in project financing for infrastructure and renewable energy sectors. Shinhan Financial Group Chairman Jin Ok-dong also met with Uzbek President Shavkat Mirziyoyev to discuss the expansion of local business operations. In Kazakhstan, Shinhan entered into a memorandum of understanding with the state-owned development finance group, Baiterek. The collaboration focuses on sharing financial expertise through training and workshops to support Kazakhstan’s industrial development and provide financial assistance to Korean companies operating within the country. ## Timeline ### 2026-09-17: Shinhan Financial Group expands Central Asian network via Uzbekistan and Kazakhstan deals Shinhan Financial Group has signed agreements with Uzbekistan and Kazakhstan to expand its Central Asian presence, including a $200 million funding limit for Uzbek financial institutions. 2 sources. https://clstr.news/cluster/shinhan-financial-group-expands-central-asian-network-via-uzbekistan-and-kazakhstan-deals ### 2026-09-15: Shinhan Bank expands financial services for Chinese Koreans in South Korea Shinhan Bank partnered with the Federation of Chinese Koreans to expand financial services, including payroll and overseas remittances, for Chinese residents in South Korea. 2 sources. https://clstr.news/cluster/shinhan-bank-expands-financial-services-for-chinese-koreans-in-south-korea --- Cite as: Shinhan Financial Group expansion in Central Asia. CLSTR, https://clstr.news/situations/shinhan-financial-group-expansion-in-central-asia