Standard Chartered Korea

Standard Chartered Bank Korea Limited

Company type	Public company
Industry	Financial
Founded	1929; 96 years ago (1929)
Headquarters	Seoul, South Korea
Key people	Park Jong-Bok, CEO
Products	Financial services
Parent	Standard Chartered
Website	www.standardchartered.co.kr

Standard Chartered Korea (officially Standard Chartered Bank Korea Limited, formerly SC First Bank, Hangul: SC제일은행) is a banking and financial services company headquartered in Seoul, South Korea and a wholly owned subsidiary of Standard Chartered. It was created by the acquisition of the former Korea First Bank by Standard Chartered in 2005.

History

By the 1990s, Korea First Bank had become one of the five largest commercial banks in South Korea, together with Chohung Bank, Korea Commercial Bank, Hanil Bank, and Seoul Bank.[1] It fell into financial trouble during the 1997 Asian financial crisis.[2] It was acquired by Standard Chartered in 2005.[3]

See also

• Economy of South Korea
• List of Banks in South Korea
• Standard Chartered

References

1. Suh Kyoung-ho (21 February 2023). "Profit vs. public obligations". Korea JoongAng Daily.
2. "'조상제한서'의 몰락…반세기 '은행 不死' 신화 무너지다". 8 March 2019.
3. Unknown Title^[permanent dead link‍]

External links

• SC Bank Korea Homepage (in Korean)
• SC Bank Korea Homepage (in English)