Korea Development Bank
This article does not cite any sources. (September 2019) (Learn how and when to remove this template message)
Headquarters of KDB in Korea
|Headquarters||Seoul, Korea (Republic of)|
Number of employees
|~3,200 (as of end 2018)|
Korea Development Bank (KDB Bank, Korean: 한국산업은행) 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 and enhance the national economy. As Korea's representative development financing bank, ranked at 61st biggest bank globally(by the Banker 1,000 list in 2018), KDB has fostered the growth and heightened the competitiveness of strategic industries by meeting their changing financial needs. Following public policy, KDB facilitates the management normalization of troubled companies through corporate restructuring and consulting services, and provides capital for strategic regional development projects.
Moody's : Aa2 (as of Dec 31, 2018)
S&P : AA (as of Dec 31, 2018)
Fitch : AA- (as of Dec 31, 2018)
International Subsidiaries (5) : Hong Kong, Hungary, Uzbekistan, Brazil, Ireland
International Branches (9) : New York, London, Singapore, Tokyo, Beijing, Shanghai, Guangzhou, Shenyang, Qingdao
International Offices (8) : Manila, Ho Chi Minh City, Bangkok, Sydney, Frankfurt, Abu Dhabi, Moscow, Yangon
This Bank completed its diversification into all major aspects of a modern-day securities firm, including investment banking, corporate banking and corporate restructuring. As Daewoo Motor's lead creditor, K.D.B. spearheaded the car maker's sale to General Motors in 2002. K.D.B. was also the lead creditor in other Korean corporate bankruptcies, including that of LG Card, a former unit of the giant electronics maker, LG Group.=
- Corporate Banking
- Corporate loans: Facility capital loans, working capital loans, etc.
- Investments: Equity investments, public/corporate bonds, private placement securities, etc.
- Guarantees: Debt guarantees, payment guarantees, bond guarantees, etc.
- Corporate Restructuring
- Investment Banking
- Venture Capital
- Debt Capital Markets / Structured Finance
- Project Finance
- Private Equity
- International Banking
- F/X Trading
- Trade Finance
- Retail Banking
Key financial data
|Net Operating Revenue||3,241||3,687|
|[Net Interest Income]||1,872||2,115|
|Provision for credit losses||(335)||1,287|