Standard Chartered Bank Korea (SCBK) has opened the Apgujeong Priority Private Centre in Seoul, providing wealth management services to clients with deposits of at least Won1bn ($680,000). This is SCBK’s first private banking facility in Korea and the 16th in its global network, strengthening its presence in the Korean market.

The Apgujeong centre features a lounge, reception area, 11 client consultation rooms, and a private vault, spanning six floors. A team of 22 relationship managers, supported by four specialists, will offer wealth management, succession planning, and tailored services to affluent clients. Renowned golf personality Pak Se-ri is the first client.

SCBK plans to open private banking centres in other cities like Busan, catering to affluent clients’ demands. CEO Lee Kwang-hee aims to provide higher financial solutions in the local market with global investment strategies. Standard Chartered is focused on personalized wealth management services for its Korean clientele.

Read more at Yahoo Finance: Standard Chartered opens private banking centre in South Korea