 | |
| Company type | Subsidiary |
|---|---|
| Industry | Finance |
| Founded | 1983 |
| Headquarters | Seoul, South Korea |
Area served | South Korea |
Number of employees | 3,681 (2011) |
| Parent | Citigroup [1] |
| Website | http://www.citibank.co.kr/ |
Citibank Korea ( Korean: 한국씨티은행) is a South Korean subsidiary of Citigroup.
Citibank Korea was named the worst bank in terms of consumer complaints by the Financial Supervisory Service (FSS) in 2015. [2]
History
It was founded as KorAm Bank in 1983, which was acquired by Citibank in 2003. [3] [4]
Branches
Citibank Korea currently has ATMs available in all 134 of its branches, facilitating transactions with most international cards. However, starting in 2017, Citibank Korea has set a goal to reduce its branch network from 134 to 32 in the country. [5] [6] [7]
Products & Services
Citibank Korea offers consumers and institutions a range of financial products and services, including consumer banking. The company also offers credit cards in Korea.
References
- ^ "Citi | Asia Pacific | Korea". www.citigroup.com. Retrieved 2019-02-13.
- ^ Tae-hoon, Lee (18 March 2015). "Citibank, KEB receive most consumer complaints". The Korea Observer.
- ^ "Citigroup to Acquire KorAm Bank for KRW 3.18 Trillion -$2.73 Billion-*". www.businesswire.com. 2004-02-23. Retrieved 2019-02-13.
- ^ "Citigroup buys KorAm for $2.6 billion". msnbc.com. 2004-04-30. Retrieved 2019-02-13.
- ^ "Citi cuts 75% of South Korea branches as Western banks struggle in market". Nikkei Asia. Retrieved 2019-02-13.
- ^ "Citibank Korea to close 80% of its branches". The Korea Herald. 2017-04-13. Retrieved 2019-02-13.
- ^ "Citibank Korea Plans to Close 80% of Branches, Triggering Employees' Protest". 비즈니스코리아 - BusinessKorea (in Korean). 2017-04-13. Retrieved 2019-02-13.
External links
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