Korea Development Bank

Korea Development Bank
Native name
한국산업은행
Company typeState-owned enterprise
IndustryBanking
Founded1954; 70 years ago (1954)
Headquarters
Seoul, Republic of Korea (South Korea)
Number of locations
69 domestic, 22 international
ProductsFinancial services
ServicesCorporate banking Investment banking
RevenueUS$3.2b (2018)
US$0.6b (2018)
Total assetsUS$233.9b (2018)
OwnerRepublic of Korea government (100%)
Number of employees
~3,200 (as of Dec 2018)
RatingAa2 (Moody's, 2018), AA (S&P, 2018), AA− (Fitch, 2018)
Websitewww.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 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.

  1. ^ Neszmélyi, György Iván (2019). "The Role of Development Banks in the Economic Development Policy of the Republic of Korea". Public Finance Quarterly. 64 (2): 294–310.
  2. ^ "Gov't mulls a capital increase of over $1BN for KDB". Pulse News. May 2, 2024.