Industrial Bank of Korea

Industrial Bank of Korea (IBK) is a state-owned financial institution based in Jung-gu, Seoul, South Korea, primarily focused on providing banking services and financial support to small and medium-sized enterprises (SMEs). The bank offers a comprehensive suite of corporate and retail banking, mortgage loans, private banking, wealth management, and international trade finance solutions. IBK serves SMEs and individual retail customers in South Korea, alongside Korean enterprises operating in overseas markets, particularly in China and the Americas. Its leadership includes CEO Kim Seong-tae, with Chang Min-young slated to become the 28th Chairman in January 2026. Industrial Bank of Korea was established on August 1, 1961, under the Industrial Bank of Korea Act. Reported scale details include not specified in available sources. The bank is described as a "leading state-owned financial institution" but specific metrics such as assets under management, revenue, or employee count are not provided in the search results.