Korea Development Bank
Korea Development Bank (KDB Bank, SWIFT: KODBKRSE) is a wholly state-owned policy development bank in 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. As a 61st biggest global bank (The Banker Top 1000 World Bank List in 2018), KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and provides capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a CIB (Commercial and Investment Bank). 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.
Headquarters of KDB in Seoul | |
Native name | 한국산업은행 |
|---|---|
| Industry | Banking |
| Founded | 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) |
| 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 | kdb |