ACHIEVEMENTS 2024
The following IBK Top 10 News is a selection of 10 of the most important initiatives that IBK’s executive officers and employees participated in during the year 2024.
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Kick-off of the RISE IBK Project: the
Beginning of Organizational Culture
InnovationFebruary 2024
IBK has launched the RISE IBK project to promote a culture of challenge and innovation within the organization. This organizational innovation program aims to transform IBK into a company with a faster and more flexible corporate culture, with improved pay and benefits, as well as increased work efficiency and employee motivation.
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Launch of IBK Loan Assistance BOX: the First in the Financial Sector to Digitally Transform Corporate Lending
March 4, 2024
IBK launched the financial industry's first IBK Loan Assistance BOX, which allows sole proprietors and corporations to apply for loans non-face-to-face and quickly connect with branches for consultation. The number of loan applications surpassed 30,000 within 8 months of launch, and it is expected that loans amounting to KRW 1 trillion will be executed within the year.
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Establishment of ONE-SHOT Report and Application Process
May 31, 2024
IBK has introduced the ONE-SHOT Report and Application process, which allows 13 major reporting and application transactions to be handled on a single screen, reducing processing time from 12 minutes to 1.5 minutes. This enables quick processing without the need for customers to revisit a branch, and also maximizes the efficiency of the staff.
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IBK Recognized by the World! Winner of 12 Global Finance Awards
February to July 2024
IBK has established itself as a globally recognized financial institution by winning awards in a total of 12 categories from four global financial magazines. These awards have officially proved IBK’s international competitiveness in various fields such as SME Finance, ESG Finance, and Inclusive Finance.
*Asiamoney (December 2023), Global Finance & The Asian Banker (February 2024), Euromoney (July 2024)
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Completion of the IBK Hanam Data Center, the Hub of Digital Financial Innovation
September 24, 2024
IBK completed the construction of the Hanam Data Center with an investment of KRW 273.8 billion over 5 years and 8 months. Built to compensate for the limitations of the existing IT infrastructure and enhance digital financial competitiveness, the Data Center has laid a foundation to lead future financial innovation through a stable and scalable infrastructure.
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One-Click Document Submission and Verification Service, Non-Face-to-Face Consent at i-ONE Bank
March 15, 2024
IBK has introduced the One-Click Document Submission and Verification Service, which allows customers to submit documents to administrative agencies at once by simply agreeing to the service. This has significantly enhanced customer convenience since customers can easily make consent and submit documents via the i-ONE Bank app without visiting a branch.
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Launch of IBK Venture Investment, Aiming to Invest KRW 500 Billion in Venture Capital over 3 Years
April 4, 2024
IBK has officially launched IBK Venture Investment, a policy-driven venture capital, to support the growth of Korea’s startup ecosystem by complementing the private market and supporting government policies. The bank plans to establish new venture funds exceeding KRW 500 billion over the next three years to provide bold venture capital primarily to early-stage startups.
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IBK Shooting Team’s Oh Ye-jin Wins Gold at 33rd Olympic Games Paris
July 28, 2024
Oh Ye-jin, a competitor from IBK Shooting Team, won the gold medal in the women's 10-meter air pistol event at the 33rd Olympic Games in Paris, setting a new Olympic record. This is the first Olympic gold medal for the IBK Shooting Team since its establishment in 1977, marking a milestone in the history of the IBK Sports.
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i-ONE Bank Wins the Top Honor at the 2024 Finovate Awards
September 10, 2024
IBK's i-ONE Bank won the Best Financial Mobile App award at the 2024 Finovate Awards held in New York, United States. This award recognizes the significant enhancements in customer experience made following the launch of i-ONE Bank 2.0, including improvements in UX/UI, security, and usability, as well as the expansion of innovative services utilizing fintech technologies such as open banking and MyData.
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Launch of Policy Product “IBK SME Employee Preferential Savings”
October 24, 2024
IBK has launched the “IBK SME Employee Preferential Savings” to support wealth building for SME workers. The product is a collaboration between the government, companies, and banks to provide high-interest benefits for employees and loan interest reduction benefits for SMEs, thereby establishing a financial support system where the enterprises and employees can grow together.