Industrial Bank of Korea

Industrial Bank of Korea (IBK) is a South Korean state-owned bank with a branch presence in India. IBK was established in 1961 in South Korea under the Industrial Bank of Korea Act to promote small and medium-sized businesses and improve their economic status through efficient credit systems. The bank operates internationally with branches and representative offices in over 20 countries across Asia, Europe, and the Americas.

In India, IBK operates as a foreign bank branch serving corporate clients, particularly facilitating trade and financial transactions between India and South Korea. The India operations focus on serving the banking needs of Korean companies operating in India and supporting Indo-Korean business relationships.