Citibank Korea is a South Korean subsidiary of Citigroup. Its core is the Korean-American Bank or KorAm Bank, founded in 1983 and acquired by Citi two decades later.
Citibank Korea was named the worst bank in terms of consumer complaints by the Financial Supervisory Service (FSS) in 2015.[2]
History
The Korean American (KorAm) Bank was founded in March 1983,[3] as a joint venture in which Bank of America held 50.1 percent with the rest of the capital being shared between 13 major Korean companies.[4] In 2003, KorAm Bank was acquired by Citibank.[5][6]