IBK (Industrial Bank of Korea) Company Research Report

Company Overview

• Name: Industrial Bank of Korea (IBK)

• Mission: "Basic trusted financial service provider, sustainable banking operations."

• Founded: No information is available.

• Key People: No information is available.

• Headquarters: No information is available.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: IBK is reputed for its strategic focus on SME financing and comprehensive financial services, contributing actively to economic development.

Products

• i-ONE Bank Global APP:

• Description: A platform offering non-face-to-face account opening services aimed at global users.

• Key Features: Facilitates international banking activities with ease for its users.

• IBK IRP (Individual Retirement Pension):

• Description: A retirement savings account with benefits such as no service fees.

• Key Features: "Sweet benefits," offering zero lifetime service fees and tax deductions on year-end settlements.

• Money Box (머니박스):

• Description: A savings account service wherein interest accrues daily.

• Key Features: Competitive interest benefits, targeting an initial limited offer for the first 100,000 accounts.

Recent Developments

• New Products Launched:

• i-ONE Bank Corporate App: A recently opened app designed to service corporate clients, enhancing business banking facilities.

• Card Sales Immediate Deposit Service: Launched to provide financial assistance to small business owners, ensuring faster access to funds.

• New Features: No detailed information is available on new feature additions.

• Partnerships and Initiatives:

• Poland Branch License: IBK has acquired approval to establish a branch in Poland, marking an expansion in its international presence.

• Administrative Safety Campaign: Collaboration with governmental bodies to promote public welfare and support small business entities through various campaigns.

Marketing and Community Engagement

• Advertising:

• TV Campaign: Launched the “Great Companies that Changed the World” TV ad, focusing on building corporate reputation and highlighting IBK's role in economic progress.

• Art and Culture:

• Public Art Project: Initiated the "IBK Arts Road No.2" as part of a public art project to enrich industrial complexes with art.

• Social Responsibility:

• ESG Management: IBK is committed to its ESG (Environmental, Social, and Governance) management as part of its sustainable banking goals.

• Community Initiatives: Engages in various social actions, including supporting innovation startups via the IBK 창공(創工) platform and social contribution projects like the "IBK TOGETHER" music album release with disabled musicians.

Conclusion

This report highlights IBK's strategic operations, focusing on sustainable banking, expanding product offerings, and deepening community and global engagements. However, specific financial details and comprehensive background information are currently unavailable.