January 31, 2015 5:46 AM ET

Banks

Company Overview of Citibank Korea Inc.

Company Overview

Citibank Korea Inc. provides various financial products and services primarily in South Korea. The company offers various deposit products, including FX deposits, savings account, installment savings deposits, and time deposits; personal loans, such as unsecured credit loans for employed workers, and doctor loans; and mortgage housing loans, as well as credit cards. It also provides offshore and onshore investment products, trust services, insurance products, and transfer and bill payment services; money exchange and remittance services; and Internet and mobile banking services. In addition, the company is involved in the collection/credit investigation activities. It operates through 129 br...

24, Cheonggyecheon-ro

Jung-gu

Seoul,  

South Korea

Founded in 1981

Phone:

82 2 3455 2114

Fax:

82 2 3455 2969

Key Executives for Citibank Korea Inc.

Chief Executive Officer
Executive Vice President of Finance Group
Executive Vice President of Operation and Technology Group
Age: 58
Compliance Officer and Fair Trade Compliance Officer
Chief Vice President
Age: 57
Compensation as of Fiscal Year 2014.

Citibank Korea Inc. Key Developments

Citibank Korea Inc. Announces Management Changes

Citibank Korea Inc. announced that Ha Yung-ku has left the position, he had held for a decade to seek to become the chairman of KB Financial Group Inc. The company's board and shareholders on October 27 approved the appointment of Park Jin-hei, previously a senior executive vice president overseeing Citibank Korea's corporate banking group, as CEO and chairman.

Citibank Korea Inc. Confirms Departure of Ha Yung-Ku as Chairman and CEO

Citibank Korea Inc. announced that the Chairman and CEO Ha Yung-ku confirmed on Oct. 14 that he plans to leave the firm. According to the bank he told the board of directors he plans to resign regardless of the outcome of the chairman selection process at KB Financial Group Inc. He was picked as a candidate to become head of KB Financial.

Citibank Korea Inc.’s Workers to Go on One-Day Strike

Citibank Korea Inc.’s workers plan to go on a one-day strike July 4, 2014 to protest the company's restructuring plans that will lay off about 15% of its workforce. All unionized employees, numbering about 3,000, will take part in the walkout, which will run from 9 a.m. to 6 p.m. that day. The labor group will also raise pressure on management to sign an agreement on a pay increase.

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