Search results for Citibank Korea
Finance
Citibank Korea to replace chief executive after 6 years, taps Kim Kyung-ho as candidate
Citibank Korea has selected Kim Kyung-ho (김경호), a senior executive overseeing its corporate finance group, as the candidate to become its next chief executive. The bank’s executive candidate recommendation committee recommended Kim as the final nominee after a meeting held the previous day, the financial sector said on Tuesday. The next chief executive will be confirmed after approval by the board and a shareholders meeting.
AI & Enterprise
Yanolja strengthens cooperation with Citi on global travel payment innovation
Travel tech company Yanolja said it will strengthen global cooperation with Citi to innovate payments for the travel industry. The plan extends a partnership that has continued since 2021 between Yanolja and Citibank Korea to Citi’s worldwide network. The companies will work to build a next-generation integrated payment and settlement system, focusing on improving B2B settlement efficiency and transparency, linking API-based automated settlement and payment systems, AI-based financial risk management, and expanding global cash management and payment infrastructure.
Finance
Korean banks complete 2.1 trillion won livelihood finance support; voluntary program exceeds target
South Korea\'s banking sector has completed 2.1 trillion won in support under a livelihood finance plan, the Korea Federation of Banks said on Tuesday. Banks ran voluntary programs from March 27, 2024, using about 600 billion won excluding a common 1.5 trillion won interest refund scheme for self-employed people and small merchants. They executed 630.8 billion won in total, exceeding a 615.6 billion won target by 15.2 billion won.