Industrial Bank of Korea (024110.KS) KSC
Currency In KRW
- General
- Statistics
- Historical Data
- Profile
- Financials
Industrial Bank of Korea
Address
79, Ulchiro
Seoul, 100-758
Korea (the Republic of)
Phone
82 3 1888 8000
Website
Sector
Financial Services
Industry
Banks - Regional
Employees
9858
First IPO Date
February 11, 2000
Key Executives
| Name | Title | Pay | Year Born |
| Chang-yeol Baek | Executive Vice President of Management Support Group | 0 | N/A |
| Eun-Sun Oh | Executive Vice President & Head of Asset Management Group | 0 | N/A |
| Il-kwang Yoo | Executive Director | 0 | N/A |
| Min-young Chang | President & Director | 0 | N/A |
| Park Pil-hee | Chief Compliance Officer | 0 | N/A |
| Sang-hyun Baek | Executive Vice President of Loan Management Group | 0 | N/A |
| Sung-jin Jung | Executive Vice President of Digital Group | 0 | N/A |
| Tae-Hyung Kim | Executive Vice President of Business Strategy Group | 0 | N/A |
| Hak-Pil Kim | Executive Vice President of Risk Management Group | 0 | N/A |
| Dae Lee | Contact Person | 0 | N/A |
| Jang-sub Lee | Executive Vice President of Customer Financial Protection Group | 0 | N/A |
Description
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.
