Standard Chartered Korea

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.

Standard Chartered Bank Korea Limited
TypePublic company
IndustryFinancial
Founded1929 (1929)
HeadquartersSeoul, South Korea
Key people
Park Jong-Bok, CEO
ProductsFinancial services
ParentStandard Chartered
Websitewww.standardchartered.co.kr

History

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

References
  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


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