Tag: South Korea


South Korea sets out measures to promote competition in banking sector

July 5, 2023

Via: FinTech Futures

The measures follow a series of meetings held with private sector experts, financial industry officials and research institutions since the end of February to improve the management and operating practices of the country’s banks. The Financial Services Commission (FSC) and […]

Activity, News, Retail Banking

Citi puts a number to its South Korea wind-down charges

November 8, 2021

Via: Banking Dive

Citi will incur between $1.2 billion and $1.5 billion in charges to wind down its consumer banking operations in South Korea, the bank said Monday in an amendment to an earlier Securities and Exchange Commission (SEC) filing. The bank said […]


Visa plans innovation centre in South Korea

February 13, 2019

Via: Banking Technology

At a press conference in Seoul, attended by The Korea Herald, Patrick Yoon, country manager for Visa International Asia Pacific Korea, discussed the company’s plans. “Korea is considered an epicentre of fintech innovation. To pursue a more meaningful fintech-big tech […]