Industrial Bank of Korea (IBK) history, profile and corporate video
Industrial Bank of Korea (IBK) is an industrial bank headquartered in Jung-gu, Seoul, South Korea. It was founded on August 1, 1961, as a Small and Medium-sizes Business Bank.
In 1978, the English bank name was changed to ‘Small and Medium Industry Bank’.
In 1986, Korean Corporate Development Finance was established.
In 1991, IBK Computing Development was established.
In 1992, IBK Factoring was established.
In 1997, it was changing from a government-invested company to a government-affiliated company.
In 1999, IBK Capital was established as a subsidiary through the merger of IBK Development Finance and IBK Installment Finance.
In 2004, IBK SG for asset management was established.
In 2009, it was established as a domestic corporation in China.
In 2010, IBK pension insurance was established.
In 2013, IBK Savings Bank was launched.
In 2014, it was Re-named as Public Institution, and the Beijing Branch was opened under IBK China Ltd.
The company operates through the following businesses segments: Deposits, Trust, Loan, Exchange, and Credits.
Deposits
The Deposits segment involves money market, deferred, installment, and mixed deposits.
Trust
The Trust segment offers annuities and estates trust.
Loan
The Loan segment provides loans for equipment, business transactions, corporations, and strategic methods.
Exchange
The Exchange segment covers funds for letters of credits and foreign exchange services.
Credits
The Credits segment involves credit services for both individuals and corporates.
With over 13 000 employees and more than 45 branches in Indonesia and China, the Industrial Bank of Korea (IBK) is considered one of the World’s Best Banks and one of the top 2000 largest public companies in the world, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and global.ibk.co.kr.
**Video published on YouTube by “IBK기업은행“.