The Chairman of Standard Chartered, John Peace, has said that the bank is still committed to the Korean market, dispelling rumours that it may sell its Korean unit. In a statement released on Monday, Peace said: “While we are not in any rush to make an announcement about our future plans for Korea, we remain fully focused on strengthening and growing our business here at
The Chairman of Standard Chartered, John Peace, has said that the bank is still committed to the Korean market, dispelling rumours that it may sell its Korean unit. There were reports speculating that Standard Chartered Bank Korea may be the target of mergers and acquisitions following a poor performance by the unit.