It will also provide support to Santander clients doing business in Korea. Banco Santander is set to shut down its Korean operations by the end of the year amid global restructuring efforts. The move comes as concerns of the country's plateauing financial industry begin to mount, causing Goldman Sachs, RBS and Barclays to also reduce their operations in Korea. In a statement on Monday, the bank said it would close all branches at its headquarters in Seoul from April 1 while closing some offices abroad.
Banco Santander is set to shut down its Korean operations by the end of the year amid global restructuring efforts. The move comes as concerns of the country's plateauing financial industry begin to mount, causing Goldman Sachs, RBS and Barclays to also reduce their operations in Korea. In a statement on Monday, the bank said it would close all branches at its headquarters in Seoul from April 1 while closing some offices abroad.