IBK Marks 65th Anniversary: "30 Trillion Won Inclusive Finance Support by 2030"

President Minyoung Jang Presents 'ON-IBK' Vision for the Future
Expanding Support for SMEs and Regional Innovative Companies
Pushing Forward the Transition to an 'AI Native Bank'

Industrial Bank of Korea (IBK) announced that it will provide more than 30 trillion won in support for financially underserved groups and vulnerable borrowers seeking to recover and rebuild by 2030, in celebration of its 65th anniversary. The bank will expand productive finance to support SMEs and regional innovative companies, and is driving a transition to becoming an "AI Native Bank" by overhauling its banking operations around artificial intelligence (AI).

Minyoung Jang, President of Industrial Bank of Korea. Provided by Industrial Bank of Korea.

On July 31, IBK held a ceremony at its Euljiro headquarters in Jung-gu, Seoul, attended by approximately 300 employees, to mark its 65th anniversary. Minyoung Jang, President of Industrial Bank of Korea, reflected on the bank's history of growth based on its mission and commitment to support small and medium-sized enterprises, and outlined tasks for the next 100 years as the bank looks ahead to its future as a centennial institution.

President Jang stated, "Even amid the rapidly changing global economic landscape and shifts in the financial paradigm, IBK has faithfully fulfilled its responsibilities as a state-run bank. Through the new future vision 'ON-IBK,' which aims to unlock the potential of businesses and individuals and bring warmth to the world, we will transform into a bank that fulfills its social responsibilities."

Under the 'ON-IBK' vision, inclusive finance and productive finance have been set as core objectives. The bank plans to provide over 30 trillion won in support for the recovery and rehabilitation of financially underserved groups and vulnerable borrowers by 2030, and to further spread inclusive finance across the financial sector.

IBK is also focusing its capabilities on supporting productive finance for the growth of SMEs and regional innovative companies. As a policy bank, IBK will expand financial assistance for companies struggling with capital procurement, and strengthen the growth foundation for both regional economies and industries.

The bank is accelerating its digital transformation. President Jang declared that IBK will not be complacent with traditional methods of success, instead pursuing bold change to become an "AI Native Bank" for sustainable and robust growth. He added, "IBK will always be there to lend a helping hand when customers face their most difficult moments, and will deliver warmth to even the most marginalized corners of our society."

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