Chōsen Industrial Bank

The Chōsen Industrial Bank (Japanese: 朝鮮殖産銀行 Chōsen Shokusan Ginkō, Korean: 조선식산은행 Joseon Siksan Eunhaeng), also referred to as Chosen Colonization Bank or Joseon Industrial Bank, was a major financial institution in Korea under Japanese rule and its immediate aftermath. It was formed in 1918 by merging six banks established under the Korean Empire. In 1950, it was renamed the Korea Industrial Bank (한국식산은행, not to be confused with the later Industrial Bank of Korea), and eventually liquidated in 1954 with its viable operations transferred to the newly created Korea Development Bank.