Industrial Bank Of Korea

Industrial Bank of Korea is a state-controlled bank having its head office in Jung Gu. The motive is to develop small and medium scale companies in Korea and offering financial assistance to develop the economy. We offer various services like corporate banking, Private banking, Wealth management, Retail banking, Vehicle, Educational loans and the mortgages. We offer foreign customer service in 12 langauges.

Factsheet of Industrial Bank Of Korea

Bank Name	Industrial Bank Of Korea
Founded in	Jan. 1, 1961
Promoters/founders	Government of South Korea
Headquarter Address	IBK Bank 79 Eulji-ro 2-ga Jung-gu Seoul South Korea
Employee's	10000
Type of Bank	Public Sector Undertaking (PSU) Bank
Official Website	https://global.ibk.co.kr/
Customer Care Number	1566-2566, 1588-2588,82-31-888-8000

History of Industrial Bank of Korea (IBK)

Industrial Bank of Korea (IBK) is the largest financial establishment located in Korea having its headquarters at Jung Gu, Seoul, the capital of South Korea. The IBK was created in order to encourage small and medium scale business and enhance the economic growth and development of various segments like Trade, Agriculture, Commerce, Industry and Commerce in the Korean Republic. It was established on August 1961 and the main organisation that controls the working of the Industrial Bank of Korea (IBK) is IBK Securities Company Limited. It is a 60 year plus institution offering all the financial services under one roof.

It has many branches in Cambodia, USA, Hong Kong, Indonesia, Japan, Myanmar, Philippines, UK, Vietnam and other nations. Mr. Yoon Jong Won is the CEO of the Industrial Bank of Korea (IBK). It is a state owned public enterprises assisting Koreans and connecting millions of people around the world.

Subsidiaries of Industrial Bank of Korea (IBK)

Industrial Bank of Korea (IBK) is the biggest financial institution in Korea and some of the subsidiaries are as follows:

Bank IBK Indonesia.
IBK System Company Limited.
IBK Cayman Finance Company.
IBK Insurance Company Limited.
IBK Savings Bank Company Limited.
Gyeonggi IBKC-STI Job Creation Fund.
IBK Capital Myanmar Company Limited.
IBK Credit Information Company Limited.
Industrial Bank of Korea (China) Limited.
IBK Asset Management Company Limited.
IBKC-NICE Corporate Restructuring Fund 1.
KD-IBKC Corporate Restructuring Corporate No.3.
Industrial Bank of Korea Employee Stock Ownership Association.

Banking Services offered by Industrial Bank of Korea (IBK)

There are various banking services offered by the Industrial Bank of Korea (IBK) are as follows:

Bill Finance.
Email Alert.
E-Statement.
Retail Banking.
Term Deposits.
Private Banking.
Internet Banking.
Line of Credits.
Locker Services.
Wealth Banking.
Insurance Service.
Cyber Fraud Alert.
Foreign Exchange.
Personal Account.
Corporate Account.
Asset Management.
Investment Banking.
Commercial Banking.
Overseas Remittance.
Credit and Debit Card.
Finance and Insurance.
Any Time Remittances.
Money Transferring Service.
Foreign Direct Investments.

Loans and credit facilities provided by Industrial Bank of Korea (IBK)

Vehicle Loan.
Housing Loan.
Personal Loan.
Property Loan.
Mortgage Loan.
Education Loan.
Real Estate Loan.
Extending the Credit Limit.
Commercial Vehicles Loan.

Awards and Recognition

Awarded the excellence of social responsibility by the Mayor of Seoul.
Awarded the Service Innovation Frontier Award in the "iECO Award 2020".
Awarded 2009 thebell Risk Manager Awards grand prize by Money Today, thebell.
Awarded 15th MK financial products grand prize for B2B factoring activities in business.
Awarded the 2018 Republic of Korea Financial Innovation Award sponsored by Moneytoday.
Awarded the Composite Grand Prize at the Korea Communication Business Grand Prize 2012.
Ranked 1st in top-of-mind awareness with newly launched commercials in 2013 in Korean Republic.
Awarded 8th grand prize for Korea Ethnical Management by the New Business Management Society.
Awarded the Comprehensive Grand Prize from 2018 Global Financial Expo hosted by Korea Business News.
Achieved 2nd grade in 2009’s Financial Supervisory Services’ and the complaints evaluation on financial corporations.
Awarded the grand prize for Korea’s green/safe management for double consecutive terms by Hankook Kyungje Newspaper.
Won the Grand Prize (Financial Services Commissioner’s Award) in the finance category of the Aju Business Finance & Securities Awards.

Industrial Bank Of Korea has 1 IFSC connected branches in India. Bank has branches in following states: