MILESTONES
1961~2019
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Aug. 01, 1961
Established as Small and Medium-sized Business Bank
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Mar. 01, 1962
Commenced SME counseling services
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Mar. 09, 1967
Commenced SME credit guarantee services
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June 01, 1967
Commenced foreign exchange services
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Sep. 01, 1982
Commenced SME bond issuance services
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Dec. 01, 1987
Renamed IBK (Industrial Bank of Korea)
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Dec. 03, 1987
Relocated head office building to 50, Euljiro-2ga, Jung-gu, Seoul
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Nov. 30, 1994
Listed on KOSDAQ
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Dec. 24, 2003
Transferred listing to KOSPI
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Mar. 30, 2012
Reached KRW 100 trillion in SME loan balance
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Nov. 29, 2016
Completed the second headquarters, IBK Finance Tower
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Aug. 01, 2017
Proclaimed IBK Companion Finance
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Dec. 19, 2017
Opened first startup incubator, IBK Changgong, in Mapo, Seoul
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Aug. 01, 2019
Launched BOX digital platform to support SME business management operations
2020
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Apr. 06, 2020
Implemented super-low interest special loans for microbusinesses
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July 27, 2020
Proclaimed Innovative Management
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Dec. 17, 2020
Received Presidential Citation at 25th Small and Medium Venture Business Financial Support Award
2021
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Jan. 21, 2021
Launched IBK Myanmar Co., Ltd.
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June 11, 2021
Established the ESG Committee under the BOD
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July 01, 2021
Ranked 88th in The Banker’s Top 1000 World Banks list
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Aug. 31, 2021
SME financing balance exceeded KRW 200 trillion, a first in Korea’s financial industry
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Sep. 07, 2021
Signed a strategic partnership agreement with Kingdom of Saudi Arabia on establishing a Saudi SME Bank
2022
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Feb. 08, 2022
Net income exceeded KRW 2 trillion
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Feb. 18, 2022
CEO was appointed co-chair of the OECD Platform on Financing SMEs for Sustainability
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July 11, 2022
Adopted the IBK Auto-Evaluation System to reflect the future growth potential of borrowers in its credit review system—a first in Korea’s financial sector
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Sep. 20, 2022
Received two awards—SME Financier of the Year and Product Innovation—at the SME Finance Forum’s Global SME Finance Awards 2022, a first for any Korean financial institution
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Nov. 22, 2022
Revamped digital corporate banking channel launched
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Dec. 06, 2022
Awarded the International Chamber of Commerce’s Open Innovation Challenger award at the CSS Awards 2022
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Dec. 06, 2022
Attained the highest rating in ESG assessment organization CDP (Carbon Disclosure Project) 2022’s Climate Change Response Evaluation
2023
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Feb. 02, 2023
Included in the 2023 Bloomberg Gender-Equality Index’s ESG Index
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Feb. 10, 2023
Received the Carbon Management Honors Club award at the 2022 CDP Korea Awards
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Apr. 28, 2023
Started promotion of the IBK SME Employee Preferential Program
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May 16, 2023
Opened the Industrial Bank of Korea Representative Office in Wroclaw, Poland
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May 30, 2023
Launched the IBK Corporate Card App 2.0, the first financial platform for domestic corporate card users
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June 02, 2023
Became the first Korean bank to serve as a financial arranger for the RE100 Fund
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June 08, 2023
Released an SME-specialized M&A financial support package
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Aug. 01, 2023
Declared a new strategic direction, IBK Value-Creating Finance
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Dec. 08, 2023
Opened the SME M&A channel IBK M&A Center
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Dec. 28, 2023
Established IBK Venture Investment
2024
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Jan. 29, 2024
Awarded 2023 Korea's Best SME Finance Bank by Global Finance and Asiamoney
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Feb. 5, 2024
Launched the company-wide project Challenge & Innovation RISE IBK
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Mar. 4, 2024
Launched Loan Assistance BOX, the first digital service in the financial sector for corporations and sole proprietors to apply for loans remotely
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Mar. 6, 2024
Awarded the Sustainable Finance Award by Global Finance, dominating in Korea, Asia, and Global categories
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Mar. 31, 2024
Awarded Korea’s Best SME Bank by The Asian Banker
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May 24, 2024
IBK Foundation received the Presidential Commendation at the SME Entrepreneurs Conference
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July 5, 2024
Awarded the 2024 Retail Bank of the Year by Asia Banking & Finance
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July 17, 2024
Included in the global ESG Index FTSE4Good (socially responsible investment index) for two consecutive years
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July 22, 2024
Awarded 2024 Korea's Best SME Finance and Inclusive Finance Bank by Euromoney
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July 31, 2024
Total assets surpassed KRW 500 trillion (Consolidated, with trust)
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Sep. 26, 2024
Opened new startup incubator, IBK Changgong, in Gwangju
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Sep. 10, 2024
i-ONE Bank won the Best Financial Mobile App award at the 2024 Finovate Awards
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Oct. 10, 2024
Opened IBK Changgong Europe Desk in Saarland, Germany
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Oct. 22, 2024
Awarded Best Institution for Supplying Short-Term Investment Products Award by Global Finance Magazine
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Oct. 24, 2024
Launched IBK SME Employee Preferential Savings
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Nov. 06, 2024
Completed IBK Hanam Data Center
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Nov. 28, 2024
Obtained approval for the establishment of Poland subsidiary for the first time among Korean banks
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Dec. 23, 2024
Launched IBK Card App, the digital card management platform