Highly strategic subsidiary of the Citi group Strong capitalization Relatively limited exposure to risky industries Relatively small market share Moderate profitability Potential pressure on asset quality from high household leverage The outlook on Korea-based Citibank Korea (CKI) is stable. It is aligned with that on its U.S. affiliate, Citibank N.A., which is the main operating entity of the Citi group. The ratings on CKI reflect Standard&Poor's Ratings Services' view that CKI remains a "highly strategic" subsidiary within the Citi group and the group has both the capacity and the willingness to provide significant support to CKI if needed. If we deem that CKI is no longer a highly strategic subsidiary of the Citi group, due perhaps to persistent
