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Standard Chartered Korea

From Wikipedia, the free encyclopedia
(Redirected from SC First Bank)
Standard Chartered Bank Korea Limited
SCJeil Unheng
TypePublic
IndustryFinancial
Founded1929; 97 years ago (1929)
HeadquartersSeoul, South Korea
Key people
Park 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

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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

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References

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  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]
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