Established in 1961 by the South Korean government, the Industrial Bank of Korea (IBK) has a core mission to support and finance the nation's small and medium-sized enterprises to promote their growth and economic stability. While its specialty remains SME financing, IBK has evolved into a full-service financial institution offering a wide range of products including retail banking (deposits, loans), corporate banking, foreign exchange, investment banking, and asset management to a diverse client base of individuals, SMEs, and large corporations.