Korea Development Bank
Headquarters of KDB in Seoul | |
Native name | 한국산업은행 (韓國產業銀行) |
|---|---|
| Company type | State-owned enterprise |
| 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 |
Number of employees | ~3,200 (as of Dec 2018) |
| Rating | Aa2 (Moody's, 2018), AA (S&P, 2018), AA− (Fitch, 2018) |
| Website | www |
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.
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. Nevertheless, it is a major restructuring player and has saved many big companies during major financial crisis, especially in the 1997 Asian financial crisis and the 2008 financial crisis.