Citibank Korea
Franchise subsidiary of Citigroup From Wikipedia, the free encyclopedia
Citibank Korea (Korean: 한국씨티은행) is a South Korean subsidiary of Citigroup. Its core is the Korean-American Bank or KorAm Bank, founded in 1983 and acquired by Citi two decades later.
| |
| 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 was named the worst bank in terms of consumer complaints by the Financial Supervisory Service (FSS) in 2015.[2]
History
The Korean American (KorAm) Bank was founded in March 1983,[3]: 60 as a joint venture in which Bank of America held 50.1 percent with the rest of the capital being shared between 13 major Korean companies.[4] In 2003, KorAm Bank was acquired by Citibank.[5][6]
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.[7][8][9]
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.
See also
References
External links
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