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Citibank Korea To Downsize its Branches

Apr 14, 2017 AM EDT - Amrin Shaikh

Citibank Korea to Reduce Branches; Transforming Full-Time Employees to Contract Based Workers

Citigroup Inc., stated that it is closing around 100 branches of Citibank Korea. The company has released a statement on Thursday which has clarified that the company is going to offer financial services through online channels. This even announced to reduce the number of physical branches.

Citigroup Quarterly Profits Drop

Feb 19, 2017 PM EST - Guenee Salugsugan

Citibank Korea Cuts Offline Transactions, Begins Collecting Fees In March; KB Kookmin To Follow?

Citibank Korea starts collecting maintenance fees from clients after cutting offline transactions. That said, KB Kookmin Bank is expected to implement the same method to their clients.

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