About Industrial Bank of Korea
Industrial Bank of Korea is a company based in Seoul (South Korea) founded in 1961.. Industrial Bank of Korea has completed 1 acquisition, including PT. Bank Agris. Industrial Bank of Korea operates in a competitive market with competitors including Scotiabank, Bank of America, KB Kookmin Bank, Woori Bank and UniCredit, among others.
- Headquarter Seoul, South Korea
- Stage Public
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Industrial Bank Of Korea
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Annual Revenue
$14.07 B (USD)3.13as on Dec 31, 2024
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Net Profit
$1.68 B (USD)-7.12as on Dec 31, 2024
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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IPO & Listings of Industrial Bank of Korea
Industrial Bank of Korea is a publicly listed company on the KRX with ticker symbol 024110 in South Korea, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Industrial Bank of Korea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Industrial Bank of Korea
Industrial Bank of Korea has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PT. Bank Agris. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial bank
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1970 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Industrial Bank of Korea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Industrial Bank Of Korea Comparisons
Competitors of Industrial Bank of Korea
Industrial Bank of Korea operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, Bank of America, KB Kookmin Bank, Woori Bank and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Multiple sectors are invested in via fund of funds approach.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in South Korea.
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| domain | founded_year | HQ Location |
Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Industrial Bank Of Korea
Frequently Asked Questions about Industrial Bank of Korea
When was Industrial Bank of Korea founded?
Industrial Bank of Korea was founded in 1961.
Where is Industrial Bank of Korea located?
Industrial Bank of Korea is headquartered in Seoul, South Korea.
Who is the current CEO of Industrial Bank of Korea?
Kim Do Jin is the current CEO of Industrial Bank of Korea.
What is the annual revenue of Industrial Bank of Korea?
Annual revenue of Industrial Bank of Korea is $14.07B as on Dec 31, 2024.
What does Industrial Bank of Korea do?
Industrial Bank of Korea is an industrial bank. It provides services like deposit, credit card, smart banking, telephone banking, internet banking, foreign exchange, foreign investment to individuals corporate. It operates in Cambodia, China, India, Indonesia, Japan, Myanmar, Philippines, the United Kingdom, the United States Vietnam. In 2022, the company recorded annual revenues of 15.9B and a net profit of 2.17B.
Who are the top competitors of Industrial Bank of Korea?
Industrial Bank of Korea's top competitors include Scotiabank, KB Kookmin Bank and Bank of America.
Is Industrial Bank of Korea publicly traded?
Yes, Industrial Bank of Korea is publicly traded on KRX under the ticker symbol 024110.
How many acquisitions has Industrial Bank of Korea made?
Industrial Bank of Korea has made 1 acquisition, including PT. Bank Agris.
What is Industrial Bank of Korea's ticker symbol?
The ticker symbol of Industrial Bank of Korea is 024110 on KRX.
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