Citigroup announces opening of Citi Korea Desk in Chicago

Citigroup announces opening of Citi Korea Desk in Chicago

Citi Korea Expands U.S. Operations with New Chicago Korea Desk
February 22, 2026

Citibank Korea has announced the launch of a new Korea Desk in Chicago, strengthening its financial infrastructure to support South Korean corporations expanding into North America. This development complements Citi Korea's existing New York operations and marks its first dedicated office in the U.S. Midwest. The bank established its initial Korea Desk in New York in 1993 and has since created six desks for large corporations and 10 for mid-sized firms across global financial hubs in Europe, the Middle East, and Asia.

The Chicago desk aims to address growing demand from Korean companies establishing manufacturing, power, semiconductor, and services operations in the region. As these firms expand geographically, they require localized financial systems aligned with headquarters-level standards, according to Citi Korea. The desk will facilitate seamless integration between Korean corporate headquarters and their U.S. subsidiaries by combining expertise from local Chicago professionals and Korean-based bankers. This collaboration enables tailored financial services, including cash flow management and transaction structuring, while ensuring compliance with corporate policies.

Chicago's strategic role as a manufacturing and logistics hub in the U.S. Midwest positions it as a critical gateway for North American market access, the bank noted. Kim Kyung-ho, head of Citi Korea's corporate banking group, emphasized that the desk enhances the bank's ability to provide "consistent financial support" to Korean clients navigating U.S. market complexities.

The expansion reflects broader trends of Korean firms diversifying their global presence. By mitigating financial risks between headquarters and local operations, the Korea Desk model promotes efficient, transparent management of cross-border activities. Citi Korea's initiative underscores its commitment to supporting Korean corporate clients in maintaining cohesive financial frameworks as they scale internationally.