Standard Chartered Korea

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Standard Chartered Bank Korea Limited
Company typePublic company
IndustryFinancial
Founded1929; 95 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[edit]

The bank started as Joseon Deposit Bank (조선저축은행) in 1929.[1] In May of 1950, it changed its name to Korea Deposit Bank (한국저축은행).[2] In 1954, it made an acquisition of branches of the Korean Bank for Nurturing Industries (한국식산은행; a predecessor to Korea Development Bank).[3] The bank was nationalized in 1961 by the military government. It became one of the 5 largest commercial banks in South Korea but it fell into financial trouble during the 1997 Asian financial crisis.[4] It was acquired by Standard Chartered in 2005.[5]

See also[edit]

References[edit]

  1. ^ "Sc제일은행 박종복 은행장, 사람 냄새 나는 박 행장에게 없는 것 한 가지는?". 30 December 2019.
  2. ^ "제일은행명 'Sc제일은행'으로".
  3. ^ "[금융여지도] 한국스탠다드차타드금융지주 'SC' 달기까지…ⓛ 경제사 담화".
  4. ^ "'조상제한서'의 몰락…반세기 '은행 不死' 신화 무너지다". 8 March 2019.
  5. ^ 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]


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