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RETAIL BANKING | Cesar Tordesillas, Korea
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StanChart First Bank reopens 5 of 42 branches

Standard Chartered First Bank resumed operations of five of its 42 branches that were temporarily closed due to a labor strike over its salary system, reports Yonhap News.

 

"The bank has reopened five branches across Seoul and Gyeonggi Province," said Joo Hee-sun, a spokeswoman at SC First Bank.

She did not specify the criteria for resuming operations. She pointed out that no schedule has yet been set for additional reopenings, according to Joo.

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