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.
 | |
| Company type | Public company |
|---|---|
| Industry | Financial |
| Founded | 1929 |
| Headquarters | Seoul, South Korea |
Key people | Park Jong-Bok, CEO |
| Products | Financial services |
| Parent | Standard Chartered |
| Website | www.standardchartered.co.kr |
History
editBy 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
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References
edit- ^ Suh Kyoung-ho (21 February 2023). "Profit vs. public obligations". Korea JoongAng Daily.
- ^ "'조상제한서'의 몰락…반세기 '은행 不死' 신화 무너지다". 8 March 2019.
- ^ https://encykorea.aks.ac.kr/Contents/CategoryNavi?category=field&keyword=%EA%B2%BD%EC%A0%9C%C2%B7%EC%82%B0%EC%97%85/%EA%B2%BD%EC%A0%9C&ridx=630&tot=637 [dead link]
External links
edit- SC Bank Korea Homepage (in Korean)
- SC Bank Korea Homepage (in English)
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