Industrial Bank of Korea (IBK)

#2011

Rank

$7.89B

Marketcap

South Korea

Country

Leadership team

Mr. Jong-Won Yoon (Chairman, Pres & CEO)

Kwang jin Choi (Exec. VP and Head of Corp. & Investment Banking Group)

Mr. Dae Lee (Contact Person)

Products/ Services

Banking, Financial Services

Headquarters

Seoul, Seoul-t'ukpyolsi, South Korea

Established

1961

Net Income

1B - 20B

Revenue

Above - 1B

Traded as

024110.KS

Social Media

URL

https://www.ibk.co.kr

Overview

Location

Recognition and Award

References

Summary

Industrial Bank of Korea operates as a small and medium-sized enterprise (SME) financing bank in China, Indonesia, Russia, Japan, Vietnam, Myanmar, Hong Kong, India, the Philippines, Cambodia, the United States, and the United Kingdom. It operates through five segments: Retail Banking, Corporate Banking, Money Market, IB, and Others. The company offers current accounts, savings, deposits, retail and mortgage loans, overdrafts, other credit facilities, and services relating to import/exports; and advisory services, including consulting on the introduction and implementation of computer systems. It is also involved in the treasury management of local/foreign currency and investments; installment financing and venture capital business; investment trust asset management and consultation, entrusted investment, and future funds management; loan collection and credit research; trading of security and futures; information system development and sales; retirement insurance and pension contracts, annuity insurance contracts, and others; protecting depositors in accordance with depositor protection act; management of investment association under the commercial code of the Republic of Korea; and management and capital distribution of new technology investment association and Korean venture investment association. As of December 31, 2021, the company operated 603 branches and 32 depositary offices in Korea, and 9 branches and 1 office internationally. The company was founded in 1961 and is headquartered in Seoul, South Korea.

History

In 1961, Industrial Bank of Korea (IBK) was established as a state-owned bank. The bank was later privatized in 1997, obtaining capital from domestic and overseas businesses. Currently, the bank is jointly owned by the state, individuals, and corporations. Over the last several decades, the bank has grown to become the nation’s largest and most advanced financial institution, utilizing the latest technologies to enhance services for customers.

Mission

To be known as the best banking solution providers in the globe

Key Team

Mr. Byeong-seong Jeon (Chief Compliance Officer)

Mr. Seong-Tae Kim (Deputy CEO, Head of Sales Group & Exec. Director)

Mr. Ju-yong Park (Exec. VP & Head of Digital Group)

Mr. Sung-Han Kam (Head of Busan Ulsan Kyungnam Group & Sr. EVP)

Mr. Hyung-il Kim (Exec. VP & Head of Bus. Support Group)

Mr. Jae-Sub Jeong (Head of Credit Card Bus. Group & Trust Bus. Group and Sr. EVP)

Mr. Gyu-baek Jeon (Head of Management Support Group, Head of Trust Bus. Group & Sr. EVP)

Recognition and Awards

Industrial Bank of Korea has won numerous awards for its innovative services and products, most recently an Asian Banker's award for innovation in 2018.