IBK Industrial Bank of Korea Establishes Dedicated Department for "Productive and Inclusive Finance" and Expands AX Organizational Restructuring

Supplying 300 Trillion Won in Productive Finance by 2030
Digital Group Reorganized as AX Strategy Group
Three New Vice Presidents and Eleven Division Heads Appointed
HR Authority Delegated to Groups and Regional Headquarters

IBK Industrial Bank of Korea has established a dedicated team for productive and inclusive finance and is restructuring its digital division with a focus on artificial intelligence transformation (AX). The bank also introduced an organizational restructuring to strengthen its ability to implement policy finance, while enhancing profitability in both its wealth management and global investment divisions.

On July 14, IBK Industrial Bank of Korea announced that it had implemented its 2026 second-half organizational restructuring and regular personnel appointments in line with these changes. The latest restructuring reflects bank president Minyoung Jang's vision to expand productive and inclusive finance and to push forward a bank-wide AX transformation strategy. The focus is on redefining roles for each business division and on improving efficiency and profitability in organizational operations.

IBK Industrial Bank of Korea has established a new "Productive and Inclusive Finance Department" dedicated to productive and inclusive finance. This department will be responsible for systematically supplying funds to advanced and innovative companies, as well as for handling customer recovery support tasks such as individual debt adjustment. The bank plans to reinforce its policy business operations in investment-related departments to further drive its policy finance initiatives. When Minyoung Jang took office, she stated, "As a policy financial institution, we will act as the primer for productive finance to lead practical growth for small and medium-sized businesses," announcing the "IBK-Style Productive Finance Project," which plans to inject 300 trillion won by 2030.

An organizational restructuring for company-wide AX transformation was also carried out. The existing Digital Group was reorganized into the "AX Strategy Group," and a control tower has been established to oversee the planning and execution of the bank's AI strategy. The data utilization system is being further developed, and internal controls relating to this are being strengthened by expanding relevant teams. Organizational realignment has also taken place to increase synergy and profitability across business lines. Global investment functions, previously dispersed across several departments within the CIB Group, have been consolidated to enhance expertise and operational efficiency.

Within the Wealth Management Group, the Pension Business Division has been incorporated to reinforce linkages between wealth management, trust, and pension businesses. Through this, IBK Industrial Bank of Korea intends to provide integrated asset management services tailored to clients' life cycles. A new divisional system was also introduced to boost inter-group collaboration. In HR operations, field-oriented responsibility in personnel management has been strengthened. The bank has delegated HR authority to groups and regional headquarters to allow direct, on-the-ground evaluation of employee performance and competency. To better reflect input from the field in staffing decisions, transfers of team leader-level and lower staff will be handled separately.

In this round of regular personnel appointments, three new vice presidents and eleven new division heads were named. Eunji Jeong, former division head, has been appointed head of the Financial Consumer Protection Group; Dongwoon Lee has been named head of the AX Strategy Group; and Gwangseok Jeong is now head of the Global Business Group. Eunji Jeong, the new vice president, is a seasoned SME financial expert, having worked in the northern Seoul, Gangseo & Jeju, and southern Gyeonggi regional headquarters, accumulating over 30 years of experience in the field. The bank expects that Jeong, with her strong field insight, will foster a consumer-centric management culture.

Dongwoon Lee, newly appointed vice president, has completed tenures as head of the Innovation Finance Division and the Western Regional Headquarters, gaining experience across both HQ and field operations. He will now oversee IBK Industrial Bank of Korea's AX transformation. Gwangseok Jeong, the new vice president, brings experience in strategy, funding, and global operations, and will focus on building new growth foundations and improving profitability in global business. Six branch managers who have excelled in the field were promoted to division heads: Jooyeon Lee, manager of Yeongtong Branch, was appointed head of Gangnam Regional HQ; Seongbae Kang, manager of Gajwa Industrial Complex Branch, now heads the Western Regional HQ; and Gilsu Jeong, manager of Yongin Branch, will lead the Southern Gyeonggi Regional HQ.

Hyunil Park, manager of Paju Gyoha Branch, has moved to head the Gyeongdong & Gangwon Regional HQ, while Seongcheol Shin, manager of Pangyo Technovalley Branch, assumes the leadership of the Chungcheong Regional HQ. Donggi Yoo, manager of Munjeong Legal Town Branch, will lead the revamped Social Contribution and Brand HQ to strengthen the bank’s social responsibility framework and brand image. At HQ, Junghoon Lee, head of the General Affairs Division, was appointed head of Gangdong Regional HQ, and Wook Heo, head of the IT Planning Division, is now head of IT Operations. Hyeon Lee, head of Infrastructure Finance, and Seungwoo Hong, head of AX Digital Strategy, were promoted to division head level to accelerate productive finance and AX transformation. Jaejun Kwon, senior auditor, was appointed as the head of the newly established Pension Business HQ. The bank will also continue promoting and selecting division deputy heads and team leader-level and below staff through internal contests and fast-track promotions, aiming to enhance organizational dynamism by offering advancement opportunities to employees with proven performance and capabilities.

This content was produced with the assistance of AI translation services.