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SC Bank strengthens retirement planning, Wealth Care services Posted : 2021-05-24 15:42 Updated : 2021-05-24 16:17 Standard Chartered Bank (SC Bank) Korea s banking application newly offers various retirement planning services. Courtesy of SC Bank Korea By Anna J. Park Aiming to target the country s increasing number of senior citizens, Standard Chartered (SC) Bank Korea has rolled out a mobile-based retirement planning service. Customers can now easily turn on SC Bank s mobile application, without the need for in-person visits at bank branches to receive retirement-specific consultations from experts. The mobile app offers not only an overview of the bank customers expected retirement timeline and current financial status but also the necessary amount of money for their retirement goals while providing them with various investment means. ....
Standard Chartered poised to slash offices in Korea Posted : 2021-05-17 16:40 SC Bank Korea denies any immediate plans to shut down branches here By Lee Min-hyung Standard Chartered Bank Korea CEO Park Jong-bok Standard Chartered (SC) Bank Korea is facing mounting pressure to reduce the number of its sales offices here amid its mother group s decision to close down half of its branches, mostly in Asia. The London-based international banking group recently unveiled the plan to cut its 776 branches globally down to around 400. Although the group s profit structure is heavily reliant on Asia, the Korean subsidiary will nonetheless likely be a primary target for SC s global drive to close a number of offices. SC Bank Korea runs 199 sales offices nationwide, and the company is one of the major profit sources for the group. ....
Standard Chartered encourages young customers to save money Posted : 2021-04-25 13:54 Updated : 2021-04-25 17:31 Models promote Standard Chartered (SC) Bank Korea s event in which money and gifts are given to its customers aged 18 or under who open special checking and installment savings accounts. Courtesy of SC Bank Korea By Park Jae-hyuk Standard Chartered (SC) Bank Korea said Sunday that it decided to continue until the end of May an event that began in March offering money and gifts to customers aged 18 or under who open special checking and installment savings accounts. The event aims to encourage the habit of saving money consistently. ....
SC, Citi urged to find new growth engines amid falling revenues Posted : 2021-04-05 09:01 Updated : 2021-04-05 11:07 From left are Standard Chartered Bank Korea CEO Park Jong-bok and Citibank Korea CEO Yoo Myung-soon. Yonhap By Lee Min-hyung Standard Chartered (SC) Bank Korea and Citibank Korea are urged to find a breakthrough in tackling their falling revenues. They are two major overseas lenders here hit hard by the pandemic shock last year. Both banks reported two-digit declines in net profit in 2020, compared to the year before. SC Bank Korea reported 257.1 billion won in 2020 net profit, down 18.2 percent year-on-year. Citibank Korea also chalked up 187.8 billion won in net profit, a drop of 32.8 percent during the same period. ....