On December 16, 2015, China Everbright Bank Co., Ltd. (“China Everbright Bank) Seoul Branch (“Seoul Branch”) obtained the final approval from the Financial Services Commission to engage in banking business in Korea. 

Kim & Chang provided all legal consulting services required for the successful opening of China Everbright Bank’s Seoul Branch, including obtaining preliminary and final approvals necessary for its establishment within nine months, which is an unprecedentedly short period of time.

Until the recent approval, China Everbright Bank, a Chinese joint-stock commercial bank, has been providing a range of financial products and services primarily in China and Hong Kong.  The bank’s products and services are customized for small and medium-sized businesses.