SC Bank Korea debuts private banking center for ultra-rich in Seoul

Standard Chartered (SC) Bank Korea said Thursday that it has opened a new private banking center in Apgujeong-dong, an affluent neighborhood in southern Seoul. The facility will provide international wealth management services to high-net-worth individuals with deposits of at least 1 billion won ($680,000). Named the Apgujeong Priority Private Centre, the facility is built on SC's global private banking model, which has seen success in major financial hubs. This marks the bank's 16th such center globally — following locations in Singapore, Hong Kong, Taiwan, the UAE, India and mainland China — and the first of its kind in Korea. The bank said the launch aligns with its long-term commitment to driving sustainable growth in Korea, which it considers one of its key retail markets. SC plans to roll out additional centers in phases across cities with high concentrations of affluent clients, including Busan and the greater Seoul metropolitan area. Korean golf legend Pak Se-ri became the center's inaugural client and attended the opening ceremony. She was joined by SC Bank Korea CEO Lee KwWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times