StanChart ruled out interest in acquiring KEB

SC First Bank Chief Executive, Richard Hill, said their strategy in Korea is an organic one.

When asked about KEB, he explained, "We've invested now $5 billion of capital in Korea ... so we're going to continue to aggressively expand the business we've invested in already. It's a core market for us."

Group Executive Director and Asia CEO for Standard Chartered, Jaspal Bindra, earlier said the bank would be disciplined about any acquisition.

View the full report in Reuters.