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Standard Chartered Korea

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(Redirected from SC First Bank) South Korean financial services company
Standard Chartered Bank Korea Limited
Company typePublic company
IndustryFinancial
Founded1929; 96 years ago (1929)
HeadquartersSeoul, South Korea
Key peoplePark Jong-Bok, CEO
ProductsFinancial services
ParentStandard Chartered
Websitewww.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. It fell into financial trouble during the 1997 Asian financial crisis. It was acquired by Standard Chartered in 2005.

See also

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

External links

Standard Chartered
Divisions and
subsidiaries
Current
Former
Predecessors
Places
Management
Sponsorships
Other
  • Nationalized  Spun off  Sold
Banking in South Korea
Central bank
Specialized bank
Commercial bank
Nationwide
Local
Internet-only


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