You can help expand this article with text translated from the corresponding article in Korean. (July 2022) Click [show] for important translation instructions.
Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia.
Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article.
You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Korean Wikipedia article at [[:ko:한국산업은행]]; see its history for attribution.
You may also add the template {{Translated|ko|한국산업은행}} to the talk page.
Korea Development Bank (KDB Bank) is a South Korean state-owned development bank which aims to encourage the industrial development of 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 of Korea.[1]
As of 2018[update] it was the 61st biggest global bank according to The Bankers top 1000 World Bank List. KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and providing capital for strategic development projects.
Since 2000, it has diversified into investment banking services and operates as a Commercial and Investment Bank.[2] Nevertheless, it is a major restructuring player and has saved many big companies during major financial crisis, especially in the 1997 Asian financial crisis and the Financial crisis of 2007–2008.
History
KDB Bank was founded in 1954 to supply and manage major industrial capital to help develop Korean industries and the national economy, taking over the viable operations of the former Chôsen Industrial Bank. For the half century since then, KDB Bank has faithfully fulfilled its role as a government-run bank, anticipating and coping with changes in the economic and financial environment.
In the 1950s KDB supported the nation's economic rehabilitation by restoration of industrial facilities destroyed during the Korean War. This including basic industries such as electricity, coal, and cement. By the end of 1955, it accounted for over 40 percent of total bank lending in South Korea.[3]: 42
In the 1970s KDB solidified the development of Korea, by providing funding to heavy-industry from energy to chemical and export-oriented industries. Meeting the government's 5-year economic development plan and the initiation of new financial businesses such as security underwriting and corporate bond guarantees. Its share of total equipment investment lending in the country, which had declined in the 1960s, rose from 40.3 percent in 1972 to 44.7 percent in 1975 and 49.6 percent in 1979.[3]: 51
In the 1980s KDB sustaining long-term industrial financing by intensive support for automobile and electronic industries. This was done by providing long-term facility financing in order to construct a stable growth base of the national economy. It also issued Industrial Finance Bonds (IFBs) overseas to create an independent fund, carrying out the role of the primary long-term facility financial institution.
During the 1990s KDB providing comprehensive corporate banking services to support technology-intensive industries including semiconductors. It also provided and supported comprehensive corporate banking services to help global expansion of corporate clients.
In the 2000s KDB moved to a new financial policy amid market-oriented economic changes. This included the completion of Universal Banking Services with the four core businesses: Corporate Banking, Investment Banking, International Banking, and Corporate Restructuring/Consulting.
The support for nation-wide infrastructure projects and the resolution of financial distress by taking leadership in corporate restructuring.
During the 2010s KDB shifted its focus from support of major conglomerates to medium-sized enterprises. Assisted development under the Korean Fourth Industrial Revolution by widening the investment fund. Proactively engaged in corporate restructuring with support of the government of large corporations to avoid major financial distress.
Operations and services
KDB provides corporate Banking, investment banking, international banking and indirect financing and consulting services to businesses and banks in South Korea.
