Industrial Bank of Korea (IBK)
The Industrial Bank of Korea (IBK) is a state-owned commercial bank based in Seoul, South Korea, established in 1961. Its primary mission is to support the economic development of small and medium-sized enterprises (SMEs), which are vital to the Korean economy. As a universal bank, IBK offers a wide range of financial services, including retail and corporate banking, SME financing, investment and wealth management, and international business solutions. The bank is recognized for its significant market share in small business loans, leading the sector with approximately 23.7% as of Q2 2025. IB
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