January 21, 2018 1:02 AM ET

Banks

Company Overview of Citibank Korea Inc.

Company Overview

Citibank Korea Inc. provides various financial products and services primarily in South Korea. It offers various deposit products, including FX deposits, savings accounts, installment savings deposits, and time deposits; and unsecured personal loans and mortgage loans, as well as credit cards. The company also provides onshore investment products, trust services, and insurance products; foreign exchange services; wealth management services; and Internet and smartphone banking services, as well as collection/credit analysis services. It operates through 129 branches and 4 business offices. The company was founded in 1981 and is based in Seoul, South Korea. Citibank Korea Inc. is a subsidiary ...

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.

Chairman of the Board, CEO & President
Age: 60
Head of Corporate Finance Group & Senior EVP
Age: 53
Executive VP and Head of Business & IT Group
Age: 61
Executive Vice President
Age: 61
Executive Vice President
Age: 49
Compensation as of Fiscal Year 2017.

Citibank Korea Inc. Key Developments

Citibank Korea Plans to Shutter 90 Branches

Citibank Korea is set to shutter 90 branches. The unit originally planned to close 101 retail banking branches out of a total of 126 branches that operated in the country. The latest plan would retain the bank's branches in the North Chungcheong, South Gyeongsang and Jeju provinces. At the same time, the unit has also struck an agreement with the labour union for not carrying out layoffs without justifiable cause. As part of the agreement, the bank also agreed to increase wages by 2.7% and regularize 347 contract workers.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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