Korea Development Bank

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.

Korea Development Bank
IndustryFinancial Services
Founded1954
HeadquartersSeoul, Korea (Republic of)
ProductsFinancial services
Number of employees
~3,200 (as of end 2018)
Websitekdb.co.kr

Credit RatingEdit

Moody's : Aa2 (as of Dec 31, 2018)

S&P : AA (as of Dec 31, 2018)

Fitch : AA- (as of Dec 31, 2018)

Global NetworkEdit

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

BusinessEdit

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
    • M&A
    • Venture Capital
    • Debt Capital Markets / Structured Finance
    • Project Finance
    • Private Equity
  • International Banking
    • Syndication
    • F/X Trading
    • Trade Finance
  • Retail Banking
  • Pension
  • Trust
  • Consulting

Key financial dataEdit

Financial data in US Dollars (millions)
Year 2018 2017
Total Assets 233,940 247,562
Total Liabilities 203,129 216,059
Shareholder's Equity 30,811 31,503
Net Operating Revenue 3,241 3,687
[Net Interest Income] 1,872 2,115
[Non-interest Income] 1,369 1,572
Provision for credit losses (335) 1,287
Operating Income 2,038 720
Non-operating Income (978) 730
Net Profit 635 529