Industrial Bank of Korea

Industrial Bank of Korea (IBK) primarily operates as a financial institution specializing in financing small and medium-sized enterprises (SMEs). Its international reach extends to numerous countries, including China, Indonesia, Russia, Japan, Vietnam, Myanmar, Hong Kong, India, the Philippines, Cambodia, the United States, and the United Kingdom. The bank structures its operations into five distinct segments: Retail Banking, Corporate Banking, Money Market, Investment Banking (IB), and Other business activities. IBK provides a comprehensive array of financial products and services. These encompass traditional banking offerings such as current accounts, savings, and deposits, alongside various credit solutions like retail and mortgage loans, overdrafts, and other financing facilities. It also supports import/export transactions and offers advisory services, particularly for the introduction and implementation of computer systems. Beyond core banking, IBK manages treasury operations for both local and foreign currencies, engages in investment activities, and offers installment financing and venture capital services. Further specialized services include investment trust asset management, consultation, entrusted investment, and future funds management, alongside loan collection and credit research. The institution is also involved in securities and futures trading, develops and sells information systems, and provides various insurance and pension contracts, including retirement and annuity options. Additionally, it safeguards depositors under the depositor protection act, manages investment associations as per the commercial code of the Republic of Korea, and oversees the capital distribution and management of new technology and Korean venture investment associations. As of December 31, 2021, IBK maintained a substantial operational footprint in Korea, with 603 branches and 32 depositary offices, complemented by 9 branches and 1 office internationally. Founded in 1961, the bank's headquarters are located in Seoul, South Korea.

CEO: Min-young Chang - https://www.ibk.co.kr