Korea Development Bank

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Korea Development Bank

Headquarters of KDB in Seoul
Native name	한국산업은행
Company type	State-owned enterprise
Industry	Banking
Founded	1954; 70 years ago (1954)
Headquarters	Seoul, Republic of Korea (South Korea)
Number of locations	69 domestic, 22 international
Products	Financial services
Services	Corporate banking Investment banking
Revenue	US$3.2b (2018)
Net income	US$0.6b (2018)
Total assets	US$233.9b (2018)
Owner	Republic of Korea government (100%)
Number of employees	~3,200 (as of Dec 2018)
Rating	Aa2 (Moody's, 2018), AA (S&P, 2018), AA− (Fitch, 2018)
Website	www.kdb.co.kr

Korea Development Bank (KDB Bank) is a South Korean state-owned development bank which aims to encourage the industrial development of South Korea.

It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea.^[1]

As of 2018^[update] it was the 61st biggest global bank according to The Bankers top 1000 World Bank List. KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and providing capital for strategic development projects.

Since 2000, it has diversified into investment banking services and operates as a Commercial and Investment Bank.^[2] Nevertheless, it is a major restructuring player and has saved a lot of big companies during major financial crisis, especially in 1997 Asian financial crisis and Financial crisis of 2007–2008.