South Korea · Financial institution
Standard Chartered Bank Korea Limited
Legal name in the LEI record한국스탠다드차타드은행
Standard Chartered Bank Korea Limited is a commercial bank incorporated in South Korea, with its head office at 47 Jong-ro, Jongno-gu, Seoul. It trades as SC제일은행 (SC First Bank). It is a subsidiary of the UK-based Standard Chartered PLC. It provides retail, wealth management, SME and corporate banking. The bank traces its origins to Chosun Savings Bank, founded in 1929, and operated as Korea First Bank from 1958. Standard Chartered acquired it in 2005. Its legal name has been Standard Chartered Bank Korea Limited since January 2012, and the SC제일은행 brand was reinstated in April 2016.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
FSB · global systemically important banks
2025 list
- G-SIB
- Standard Chartered
- Relation
- In a G-SIB groupGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
- Bucket
- 1 of 5 · extra capital buffer 1.0% of risk-weighted assets
- On the list since
- 2012
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- SCBLKRSEXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under SCBLKRSE directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 1 branch code
- BIC first registered
- 1992-03-02
- Last updated
- 2025-11-15
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Standard Chartered NEA Limited
Institution type
Commercial bank
Trades as SC제일은행 (SC First Bank)
- Ownership
- According to its LEI record, the bank is held by Standard Chartered NEA Limited and ultimately by Standard Chartered PLC.
- Direct parent
- Standard Chartered NEA Limited ↗, United Kingdom
- Ultimate owner
- Standard Chartered PLC, United Kingdom
- Head office
- 47 Jong-ro, Jongno-gu, 03160 Seoul, South Korea
- Former names
- Standard Chartered First Bank Korea Limited · Korea First Bank
Business lines
The bank combines retail banking and wealth management for affluent clients with corporate banking that uses the Standard Chartered group network for Korean companies' cross-border trade and investment.
Online
- Websites & references
- standardchartered.co.kr ↗
bb.standardchartered.co.kr ↗ corporate internet banking (Business Banking)
Wikipedia ↗ - Official social accounts
- Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 12 pages consulted
- standardchartered.co.kr/
- standardchartered.co.kr/np/kr/cms/cm/bi/CeoRoom.jsp?ptfrm=HIN.KOR.INTROMOBILE.footer1
- standardchartered.co.kr/np/kr/cms/cm/bi/Organization.jsp?menuId=HT02010400000000&rnb=4
- standardchartered.co.kr/np/kr/cm/bi/SalesReportList.jsp?rnb=15
- standardchartered.co.kr/np/kr/cms/cm/bi/FinancialInformation.jsp?menuId=HT02030800000000&rnb=17
- fntimes.com/html/view.php?ud=2026081817114587015e6e69892f_18
- ko.wikipedia.org/wiki/SC%EC%A0%9C%EC%9D%BC%EC%9D%80%ED%96%89
- edaily.co.kr/News/Read?mediaCodeNo=257&newsId=02440326642035752
- businesspost.co.kr/BP?command=article_view&num=416798
- seoul.co.kr/news/economy/finance/2026/06/05/20260605030001
- mt.co.kr/finance/2026/02/12/2026021217161263007
- m.news.nate.com/view/20260814n23900
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Lee Kwang-hee (이광희) President and CEO (은행장)
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- South Korea
- Financial Services Commission Prudential supervisorConductAML supervisorResolution
- South Korea
- Financial Supervisory Service Prudential supervisorConductAML supervisor
- South Korea
- Bank of Korea Central bank
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Enforcement
The FSS sanctions committee set combined fines of about KRW 600 billion on five banks, including this bank, for Hong Kong H-index ELS mis-selling.
seoul.co.kr ↗ -
Enforcement
The FSS sanctions committee issued institutional warnings to five ELS-selling banks, including this bank, with combined fines of about KRW 1.4 trillion.
mt.co.kr ↗ -
Leadership
Lee Kwang-hee took office as bank president and CEO, succeeding Park Jong-bok, who had led the bank since 2015.
edaily.co.kr ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- SCBLKRSEXXX
- How the BIC breaks down
- SCBLBank
- KRCountry · South Korea
- SELocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- NUXTG47HHHM1K2L0SG39
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- South Korea · East Asia & Pacific
- FSB G-SIB list
- In a G-SIB group · Standard Chartered list of 2025
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- Standard Chartered Nea Limited · United Kingdom549300DGSLALK0XQ4V30 ↗
- Ultimate parent
- Standard Chartered PLC · United KingdomU4LOSYZ7YG4W3S5F2G91 ↗
- FSB G-SIB list
- In a G-SIB group · Standard Chartered bucket 1 · 2025 listGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
The Standard Chartered PLC group has 64 institutions in the directory, in 45 countries: 58 hold a BIC and 6 do not.
Including Standard Chartered Bank, Standard Chartered Bank, Standard Chartered Bank, Standard Chartered Bank, Standard Chartered Bank AG.
See the Standard Chartered PLC group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- JONG-RO47 JONGNO-GU SEOUL KOREA, REPUBLIC OF
- Operational address
- JONGNO- GU47 JONG- RO SEOUL 110-702 SEOUL KOREA, REPUBLIC OF
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>SCBLKRSEXXX</BICFI>
<LEI>NUXTG47HHHM1K2L0SG39</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>SCBLKRSEXXX</BICFI>
<LEI>NUXTG47HHHM1K2L0SG39</LEI>
<Nm>STANDARD CHARTERED BANK KOREA LIMITED</Nm>
<PstlAdr>
<TwnNm>SEOUL</TwnNm>
<Ctry>KR</Ctry>
<AdrLine>JONG-RO47 JONGNO-GU SEOUL</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
One branch BIC connects to the head office. 2 other banks publish 2 accounts held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
2 other banks publish 2 accounts held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| KRW | U.S. Bank National Association United States | SCBLKRSE | 5038967254 | FX settlement | usbank.com ↗ |
| KRW | Wells Fargo Bank, N.A. United States | SCBLKRSE | 195-10-011736 | FX settlement | www08.wellsfargomedia.com ↗ dated May 2024 |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| SCBLKRSEEQI | CUSTODIAL SERVICES DEPARTMENT | Seoul | SEOUL SEOUL KOREA, REPUBLIC OF | — | 2018-03-27 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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