Park Jong-bok, the CEO of Standard Chartered Bank Korea, has been nominated as the sole final candidate for the bank's top position again, according to the lender on Monday. The bank's executive candidate recommendation committee selected Park as the final candidate for the next CEO during a meeting held last Friday. If appointed, he will be serving his fourth term, which will last for a year starting Jan. .
While financial authorities are advocating for governance reforms and voicing concerns about the prolonged tenure of CEOs in the financial sector, foreign banks seem to be sidestepping these pressures.
Standard Chartered Bank Korea said Tuesday it started a commercial campaign for its new savings product featuring Kim Young-ok, the oldest working actress in Korea. Under the slogan “You still don’t know? Let’s be clear! Jaeil EZ account,” the new commercial features Kim, 85, as a restaurant owner, telling diners the benefits of the new Jaeil EZ account in a humorous and friendly manner. The b.
KB Kookmin Bank, South Korea's leading commercial bank, and Citibank Korea inaugurated a joint branch in Daejeon on Monday, according to the Korean lender. Typically, when a bank's branch faces challenges in sustaining its operations while demand still exists in the area, the option of establishing a joint branch is contemplated, an official from KB Kookmin Bank explained. The joint branch will consist of a.