Citigroup plans to double South Korea wealth assets by 2020

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A Citibank ATM is seen in Los Angeles, California, March 10, 2015. REUTERS/Lucy Nicholson (Copyright Reuters 2017)

Citigroup Inc plans to double its wealth management assets in South Korea, currently at about $3 billion, by 2020, as the U.S. bank invests more in digital technology to expand its customer base in the country.

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Citi also aims to boost South Korea consumer banking deposits by 30 percent by 2020, up from $10 billion currently, it said in a statement about its expansion plans, as the bank mark its 50th anniversary in the country this year.

(Reporting by Sumeet Chatterjee; Editing by Edwina Gibbs)