Citibank Korea
Encyclopedia
Citibank Korea is a South Korean subsidiary of Citigroup
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...

. It was founded as KorAm Bank in 1983, and Citibank acquired and merged it with its Seoul branch in 2003. Its SWIFT code is CITIKRSX while South Korean interbank transfer code is that of old KorAm Banks', which is 027.

Citibank Korea runs "international" ATMs, which is connected to VISA
Visa
Visa or VISA may refer to:* Visa , a document issued by a country's government allowing the holder to enter or to leave that country...

, MasterCard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...

, and Diners Club
Diners Club
Diners Club International, founded as Diners Club, is a charge card company formed in 1950 by Frank X. McNamara, Ralph Schneider and Matty Simmons...

 network, in all of its 212 branch, which is unusual in South Korea. Due to its minor market cap, Citibank Korea opens several interbank network. For instance, Citibank Korea customers can use Korea Post
Korea Post
Korea Post is the national postage service of South Korea, and a direct subauthority of Ministry of Knowledge and Economy. Korea Post is in charge of postal service, postal banking & insurance service...

 banking counters and ATMs without additional fee since 1998.

Citibank Korea sponsors Korea Professional Baseball since 2010.

Credit card

Citibank Korea issues its own credit card along with BC
BC Card
BC Card is Korea's biggest credit card company. It is headquartered in Seoul, South Korea. It made up of 11 member companies. It is named "BC" for Bank & Credit.-Member companies:*Woori Bank*Nonghyup*SC First Bank...

 branded credit and debit card. BC branded cards are inherited from defunct Gyeonggi Bank, and Shinsegae Visa
Shinsegae
Shinsegae is a South Korean department store franchise, along with several other businesses, headquartering in Seoul, South Korea. The name of Shinsegae literally means "New World" in Korean...

co-branded cards are formerly KorAm Bank branded cards. One of the most popular service Citibank Korea debit/credit card offers is international cash card service, which bank charges $1 fee only when transaction is made on any worldwide Citibank ATMs.
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