Industrial Bank of Korea - Company Profile
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Industrial Bank of Korea (IBK) is a financial institution that provides a range of banking services. The bank's main activities include foreign exchange, remittance services, and smart banking solutions. Its major products and services encompass deposit accounts, debit cards, and remittance options tailored for foreigners. IBK serves individual customers with private banking services and corporate clients with loans, overdrafts, and credit facilities, catering to various industries. The bank operates through an extensive network of branches and offers services through mobile banking. IBK has a presence in several international markets, including the United States, Japan, Hong Kong, the UK, Vietnam, India, the Philippines, and Cambodia. IBK is headquartered in Seoul, South Korea.
Headquarters
South Korea
Address
79, Eulji-Ro, Jung-Gu, Seoul, 04541
Website
www.ibk.co.kr
Telephone
82 2 7296114
No of Employees
13,569
Industry
Financial Services
Ticker Symbol & Exchange
024110 (KRX)
Revenue (2024)
$20.6B
-9.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
2.5%
(2024 vs 2023)
Market Cap*
$11.7B
Net Profit Margin (2024)
XYZ
13.6%
(2024 vs 2023)
* As of and is in US$
Industrial Bank of Korea premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Savings Account | Overseas Remittance |
| Debit and Credit Cards | Online and Mobile Banking |
| Deposits: | Smart Banking: |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, IBK System entered into a supply contract with WebCash for the first phase of the IBK Digital Banking Rebuild project for US$5.9 million. |
| 2026 | Contracts/Agreements | In April, the company entered into a memorandum of understanding with Korea Development Bank, and the Export-Import Bank of Korea to enhance its US$5.9 billion project to develop the Saemangeum reclaimed area into a hub for future mobility solutions. |
| 2026 | Contracts/Agreements | In January, the bank partnered with Naver to launch a sovereign AI service, BOKI. |
Competitor Comparison
| Key Parameters | Industrial Bank of Korea | Hana Financial Group Inc | KB Financial Group Inc | Shinhan Financial Group Co Ltd | Woori Financial Group Inc |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | South Korea | South Korea | South Korea |
| City | Seoul | Seoul | Seoul | Seoul | Seoul |
| State/Province | - | Seoul | - | - | - |
| No. of Employees | 13,569 | 101 | 25,320 | 21,689 | 78 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kim Sung-Tae | President; Chief Executive Officer; Chairman | Executive Board | 2023 | 64 |
| Kim Hyung-il | Director; Sales Group & Digital Group | Executive Board | 2023 | 62 |
| Lee Kun-kyong | Director | Non Executive Board | 2023 | 76 |
| Jeon Byung Mok | Director; Auditor | Executive Board | 2023 | 59 |
| Lee Jang-sub | Chief Compliance Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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