| Type | Subsidiary |
|---|---|
| Industry | Finance |
| Founded | 1983 |
| Headquarters | Seoul, South Korea |
| Employees | 3,681 (2011) |
| Parent | Citigroup |
| Website | http://www.citibank.co.kr/ |
Citibank Korea(한국씨티은행) is a South Korean subsidiary of Citigroup. It was founded as KorAm Bank in 1983, and Citibank acquired and merged it with its Seoul branch in 2003. Its SWIFT code is CITIKRSX while South Korean interbank transfer code is that of old KorAm Banks', which is 027.
Citibank Korea runs "international" ATMs, which is connected to VISA, MasterCard, and Diners Club network, in all of its 212 branch, which is unusual in South Korea. Due to its minor market cap, Citibank Korea opens several interbank network. For instance, Citibank Korea customers can use Korea Post banking counters and ATMs without additional fee since 1998.[1]
Citibank Korea sponsors Korea Professional Baseball since 2010.
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Citibank Korea issues its own credit card along with BC branded credit and debit card. BC branded cards are inherited from defunct Gyeonggi Bank, and Shinsegae Visa co-branded cards are formerly KorAm Bank branded cards. One of the most popular service Citibank Korea debit/credit card offers is international cash card service, which bank charges $1 fee only when transaction is made on any worldwide Citibank ATMs.[2]
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