Contents

Standard Chartered Korea

South Korean financial services company

This article uses bare URLs, which are uninformative and vulnerable to link rot. Please consider converting them to full citations to ensure the article remains verifiable and maintains a consistent citation style. Several templates and tools are available to assist in formatting, such as reFill (documentation) and Citation bot (documentation). (September 2022) (Learn how and when to remove this message)

Standard Chartered Bank Korea Limited

Company type	Public company
Industry	Financial
Founded	1929; 95 years ago (1929)
Headquarters	Seoul, South Korea
Key people	Park Jong-Bok, CEO
Products	Financial services
Parent	Standard Chartered
Website	www.standardchartered.co.kr

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.

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]

• Economy of South Korea
• List of Banks in South Korea
• Standard Chartered

• SC Bank Korea Homepage (in Korean)
• SC Bank Korea Homepage (in English)

This Asian bank-related article is a stub. You can help Wikipedia by expanding it.

This article about a South Korean company is a stub. You can help Wikipedia by expanding it.