The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    BTS' Jungkook to drop 2nd solo single

  • 3

    PHOTOSTrapped along borders

  • 5

    Opposition leader Lee again proposes talks with President Yoon

  • 7

    BTS' Jungkook drops 2nd solo single

  • 9

    Korea fails to be included on FTSE Russell's global bond index

  • 11

    Apple, China met to discuss Beijing's crackdown on western apps: WSJ

  • 13

    VIDEOBustling Chuseok: Namsan Hanok Village immerses visitors in Korea's rich traditions

  • 15

    Builders vie for leadership in modular construction

  • 17

    S. Korea eliminates N. Korea in women's table tennis doubles

  • 19

    S. Korea cruises past N. Korea in women's basketball

  • 2

    Korea wins gold in League of Legends competition; Faker tops podium

  • 4

    Trailblazing nonagenarian artist honored for redefining Korean fiber art

  • 6

    Pentagon's CWMD strategy document calls N. Korea 'persistent threat'

  • 8

    Are 'finfluencers' helping or harming investment community?

  • 10

    Yoon hosts Chuseok luncheon for Korean atomic bomb victims in Hiroshima

  • 12

    Swimmer Kim Woo-min captures 3rd gold in Hangzhou

  • 14

    Second release of Fukushima wastewater to start next week

  • 16

    My left arm: how right-handed shooter won Asiad medal with left hand

  • 18

    Following successful Asiad debut, swimmer Hwang Sun-woo turns eyes to bright future

  • 20

    Poll shows 79% of young Koreans agree on need to improve ties with Japan

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Sun, October 1, 2023 | 02:06
Companies
Standard Chartered Bank chief to visit Seoul in late August
Posted : 2022-08-17 11:39
Updated : 2022-08-17 16:56
Yi Whan-woo
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
Standard Chartered (SC) Bank Chief Executive Bill Winters is scheduled to visit Korea in late August, making a return trip following his last visit in August 2020, when he stayed for a month to check on Korea operations and the banking environment here. Courtesy of SC Bank Korea
Standard Chartered (SC) Bank Chief Executive Bill Winters is scheduled to visit Korea in late August, making a return trip following his last visit in August 2020, when he stayed for a month to check on Korea operations and the banking environment here. Courtesy of SC Bank Korea

SC Bank Korea marks 15% rise in net profit during 1st half

By Yi Whan-woo

Standard Chartered (SC) Bank Chief Executive Bill Winters will come to Korea later this month, making a return trip following his last visit in August 2020, according to the Seoul branch office of the London-headquartered multinational bank and financial sources, Wednesday.

SC Bank Korea confirmed the chief executive's scheduled visit but did not give further details, including the time of his arrival, duration of his stay, agenda to be discussed or the high-profile Korean figures that he has arranged to meet.

Financial sources speculate that the nature of the trip will be mainly to check on its Korea operations, which have shown steady performance over the past years. It is now the only foreign lender providing retail services after Citibank decided to wind down its retail unit here.

Winters is scheduled to have lunch with SC Bank Korea's board of directors on Aug. 30, according to sources.

The Seoul office's efforts to keep up with the rapidly-evolving digital banking environment is anticipated to be on Winters' checklist.

Conventional banks in Korea face an uphill battle against big tech firms that have been capitalizing on their digital prowess to muscle in on the banking industry.

Against this backdrop, during his month-long trip in 2020, Winters discussed possible cooperation with representatives of some of the fast-growing fintech firms, such as Kakao Bank, NHN Payco and Viva Republica.

Led by CEO Park Jong-bok, SC Bank Korea has maintained a handsome performance due to the increased interest margin.

On Tuesday, SC Bank Korea reported that it posted a net profit of 212.1 billion won ($161.7 million) in the first half of this year, up 14.8 percent from a year earlier.

The company largely attributed the earnings to interest revenue, which jumped 14.8 percent year-on-year to 584.2 billion won.

The rise in earnings is also attributed to the fall in payroll expenses after the bank conducted a large voluntary retirement program in the last quarter of 2021.

Winters has been leading SC Bank since June 2015 after joining the company a month earlier. He spent 26 years with JP Morgan, serving in various leadership roles before being promoted to CEO in 2004 until he stepped down in 2009.

SC Bank Korea was launched in 2005 when the British financial group acquired Korea First Bank, which was widely known as Cheil Bank.

It operated under the name of SC Cheil Bank before it was renamed SC Bank Korea in January 2012.


Emailyistory@koreatimes.co.kr Article ListMore articles by this reporter
 
miguel
wooribank
LG
Top 10 Stories
1Guide to Chuseok celebrations across Korea Guide to Chuseok celebrations across Korea
2Chuseok exodus begins ahead of extended 6-day holiday Chuseok exodus begins ahead of extended 6-day holiday
3Korea sees record-low births in July Korea sees record-low births in July
4Hyundai E&C to build upmarket apartment complex in Seoul's Gwanak District Hyundai E&C to build upmarket apartment complex in Seoul's Gwanak District
5Political battle intensifies after court rejects Lee's arrest warrant Political battle intensifies after court rejects Lee's arrest warrant
6Korea on track to prove esports prowess at Asian Games Korea on track to prove esports prowess at Asian Games
7[INTERVIEW] Risk-averse culture is forcing daring creators to flee showbiz INTERVIEWRisk-averse culture is forcing daring creators to flee showbiz
8Lotte focuses on health care, mobility to spur growth Lotte focuses on health care, mobility to spur growth
9DMZ Open Int'l Music Festival to be held in Goyang in November DMZ Open Int'l Music Festival to be held in Goyang in November
10Two Koreas trade barbs over nuclear war Two Koreas trade barbs over nuclear war
Top 5 Entertainment News
1[INTERVIEW] 'Coexistence of different art hubs across Asia is necessary': Art Week Tokyo Director INTERVIEW'Coexistence of different art hubs across Asia is necessary': Art Week Tokyo Director
2Trailblazing nonagenarian artist honored for redefining Korean fiber art Trailblazing nonagenarian artist honored for redefining Korean fiber art
3[INTERVIEW] With '30 Days,' Kang Ha-neul finds new level of comfort in acting INTERVIEWWith '30 Days,' Kang Ha-neul finds new level of comfort in acting
4Rwandan artists bring diversity to Seoul's art scene Rwandan artists bring diversity to Seoul's art scene
5[INTERVIEW] ONEUS returns as 'mermaid prince' INTERVIEWONEUS returns as 'mermaid prince'
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group