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The Korea Development Bank(hereinafter KDB Bank) was founded in 1954 in accordance with The Korea Development Bank Act for the purpose of supplying and managing major industrial capital to help develop Korean industries and the national economy. 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.

New financial policy amid market-oriented economic paradigm

  • Expansion and diversification of industrial capital supply for dissolution of credit blockade and expansion of growth power industries
  • Efficient support for the government's policies including rearing small and medium enterprises, expanding social overhead capital, and balanced economic development in local regions
  • Resolution of financial and economic uncertainties through leadership and representative roles in corporate restructuring and foreign capital funding
  • Completion of Universal Banking Services with the four core businesses - Corporate Banking, Investment Banking, International Banking, and Corporate Restructuring & Consulting to meet various and changing needs of  customers, and pioneer in the financial frontier

Providing comprehensive corporate banking services

  • Reinforcement of corporate banking services to secure international competitiveness and advancement of industrial structure amid economic globalization
  • Support for fostering technology-intensive industries including semiconductors, and provision of comprehensive corporate banking services responding to corporate globalization

Sustaining a primary long-term industrial financing institution

  • Intensive support for automobile and electronic industries by providing long-term facility financing in order to construct a stable growth base of the national economy
  • Expansion of the portion of independent fund raising through issuing Industrial Finance Bonds(IFBs) and inducing foreign capital, carrying out the role of the primary long-term facility financial institution

Solidifying a development finance system

  • Fund supply to energy, heavy chemical, and export-oriented industries, meeting the government's 5-year plans of economic development
  • Expansion of Industrial Finance Bond(IFB) issuance and initiation of new financial businesses such as foreign capital borrowings, security underwriting, and corporate bond guarantee

Supporting the nation's economic rehabilitation

  • Restoration of industrial facilities destroyed during the Korean War and preemptive support to base industries such as electricity, coal, and cement to recover economic independence

Chronology

Chronological chart for KDB
2014

Revised the KDB Act passed by the National Assembly

2013

Launched KDB BANK Uzbekistan

2012

Launched KDB Technobanking

2011

Launched KDBdirect

2010

Commenced retail loan service

2009

Incorporated as a subsidiary of KDB Financial Group

KDB spin-off(KDB Financial Group and Korea Finance Corporation)

Revised the KDB Act(Privatization Act) passed by the National Assembly

2008

Applied Basel-II Internal Ratings-Based Approach(IRB) approved by the FSS

2007

Launched first in the market 'Socially Responsible Financial' services

2006

Commenced retirement pension business

2005

Established private equity fund

Commenced custodian business

2003

Commenced consulting business

Commenced bancassurance business

2002

Sold Daewoo Motor Co. to General Motors Corp.

2001

Moved to new head office(Yeouido-dong, Seoul)

2000

Enacted the Customer Service Charter

1999

Commenced equity investment to high-tech firms and SMEs

Issued a Global Bond of USD 1 billion

Lead-managed the issuance of Korea's first SOC Bond

1994

Issued the first Global Bond(USD 500 million)

1993

Authorized by the government to approve applications for overseas direct investment

1989

Introduced trust business

1985

Moved to new head office(Gwancheol-dong, Seoul)

1978

Issued the first Samurai Bond(JPY 10 billion)

1974

Issued the first IFB in foreign currency(worth USD 19 million) to obtain investments from Middle Eastern nations

1973

Started class A foreign exchange and foreign currency loans business

1969

Restarted IFB issuance and initiated IFB counter sales

Changed the Bank's English name to the "Korea Development Bank"

1967

Introduced second-rate foreign exchange services

1962

Initiated guarantees to the Bank of Korea on the repayment of foreign commercial loans

1961

Initiated stock underwriting, bond guarantee and foreign capital introduction businesses

1955

Issued the first Industrial Finance Bond(IFB)

1954

Established as the "Korea Reconstruction Bank"