Korea Small and Medium Enterprises Bank

Industrial Bank of Korea (Industrial Bank of Korea), one of the three major state-owned banks in Korea, is a specialized bank set up by the Korean government to provide financing services for small and medium-sized enterprises (SMEs).Established by the government in August 1961 with the main purpose of supporting the development of SMEs, it is one of the three major policy banks in Korea, with a total asset of $111 billion, ranked 133rd by the World Bank and 4th by the Korean domestic banks. It is one of the three major policy banks in Korea with total assets of $111 billion, ranked 133rd by the World Bank, and 4th among domestic banks in Korea.