Industrial Bank of Korea
Investment Details
Investor Type
Institutional Investor
Asset Class Focus
Venture Capital, Private Equity
Stage Focus
Seed, Early Stage, Growth, Late Stage
Geographical Focus
United States, United Kingdom, Hong Kong, Japan, China, India, Indonesia, South Korea, Russia, Vietnam, Philippines, Thailand, Sri Lanka, Nepal, Cambodia, Uzbekistan
Industries Focus
- Financial Services
- Technology
- Healthcare
- Energy
- Consumer Goods
- Real Estate
- Telecommunications
- Media
- Retail
- Education
- Agriculture
- Transportation
- Hospitality
- Construction
- Manufacturing
Investment Size:
1,000,000 to 50,000,000 USD
Investor Details
Established in 1961, the Industrial Bank of Korea (IBK) is a state-owned financial institution headquartered in Seoul, South Korea. It was founded to promote small and medium-sized enterprises (SMEs) by providing efficient credit systems and financial support. Over the years, IBK has expanded its services to include retail banking, private banking, and wealth management, catering to a diverse clientele both domestically and internationally.
In December 2023, IBK established IBK Venture Investment, a venture capital subsidiary with an initial investment of 100 billion won (approximately $77 million). This initiative marks the first time the government-run bank has launched a venture capital firm, aiming to support startups in their early stages and address the financial support void in the new technology sector. The subsidiary focuses on providing substantial support to startups, particularly in the technology sector, aligning with government policies to foster innovation and economic growth.
IBK's investment strategy emphasizes supporting emerging companies across various industries, including technology, healthcare, and manufacturing. The bank's venture capital arm seeks to invest in companies at different stages, from seed to late-stage, with investment sizes ranging from $1 million to $50 million. This approach reflects IBK's commitment to fostering innovation and economic development by providing financial support to promising startups and emerging companies.
Contact
[Official Website Hidden]
[LinkedIn Profile Hidden]
[HQ Location Hidden]
[Email Hidden]
[Contact Number Hidden]
Mentioned In
-
$95.00
-
$24.95
-
$9.95
-
$24.95
-
$9.95
-
$9.95
-
$9.95
-
$29.95
-
$39.95
Claim this Investor
Are you an official representative of Industrial Bank of Korea?
Claim this investor to update information, manage your profile, and get a verified seal.
Claim