Standard Chartered’s Korean Unit to Continue Dividend Payout
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Standard Chartered Plc’s South Korean banking unit will keep paying dividends to its parent company after making its first payment last year, the unit’s chief executive officer said.
The company paid a 100 billion won ($92 million) dividend for 2010 and will continue making payments of a “proper size,” Richard Hill, CEO of Standard Chartered First Bank, told reporters in Seoul today.