HONG KONG (Reuters) - Citigroup Inc
Citi will shut 56 out of 190 branches as it concentrates on six major cities and moves to boost its online presence, the U.S. bank said in a statement on Tuesday.
The bank announced last year that it would refocus its consumer business in Korea, reducing its physical footprint in favor of targeting customers with online products.
It follows HSBC
Citi's move does not mean a full scale retreat from consumer banking in the country, the bank said.
(Reporting By Lawrence White; Editing by Miral Fahmy)