Wallets/ibk-korea
Industrial Bank of Korea (i-ONE Bank Personal + i-ONE Bank Global)
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Overview
Industrial Bank of Korea (i-ONE Bank Personal + i-ONE Bank Global) is South Korean state-owned commercial bank + 17M retail + 2.2M corporate customers + Sep 1 2025 i-ONE Bank Personal complete overhaul + 2025 i-ONE Bank open platform transformation + Best Mobile Financial App Finovate Awards winner 1, 2, Korea, Republic of report. 2025 baseline: IBK 17M retail + 2.2M corporate customers; Sep 1 2025 i-ONE Bank Personal complete overhaul with new services including: financial product sign-ups + view and transfer funds between accounts at other banks even without IBK account + overseas stock and fractional investment + commerce platform for group purchasing products from social enterprises distinctive Korean SME-focused mobile banking + commerce platform; 2025 i-ONE Bank open platform transformation by leveraging two-side market nature of platforms to expand end-user base + increase collaboration with partner companies + diversify non-financial content offerings distinctive Korean open banking + platform strategy.
Distinctive IBK positioning:
- South Korean state-owned commercial bank (Industrial Bank of Korea; KRX: 024110; South Korean government majority controlling)
- 17M retail + 2.2M corporate customers distinctive Korean state-owned commercial banking scale
- Sep 1 2025 i-ONE Bank Personal complete overhaul distinctive Korean mobile banking modernization
- 2025 i-ONE Bank open platform transformation by leveraging two-side market nature of platforms to expand end-user base + increase collaboration with partner companies + diversify non-financial content offerings distinctive Korean open banking + platform strategy
- Best Mobile Financial App Finovate Awards winner distinctive Korean mobile banking excellence recognition
- IBK SME-focused banking distinctive Korean state-owned SME banking specialty
- 1961 IBK founding as South Korean state-owned commercial bank distinctive Korean state-owned banking heritage
History
1961 — IBK Industrial Bank of Korea founded as South Korean state-owned commercial bank.
Dec 24 2003 — IBK KRX IPO under ticker 024110 distinctive Korean state-owned banking Korea listing.
2011 — IBK Smart Banking app launch + i-ONE Bank predecessor distinctive Korean mobile banking strategy.
Sep 1 2025 — IBK Industrial Bank completely overhauls i-ONE Bank Personal app + new services: financial product sign-ups + view and transfer funds between accounts at other banks even without IBK account + overseas stock and fractional investment + commerce platform for group purchasing products from social enterprises 1, 2.
2025 — IBK i-ONE Bank open platform transformation by leveraging two-side market nature of platforms to expand end-user base + increase collaboration with partner companies + diversify non-financial content offerings + Best Mobile Financial App Finovate Awards winner 3.
Ownership & operator
Operating entity: Industrial Bank of Korea (KRX: 024110; South Korean state-owned commercial bank since 1961; South Korean government majority controlling).
Major shareholders: South Korean government (Ministry of Economy and Finance + Korea Industrial Bank Holding) majority controlling + Korean retail + institutional + foreign investors.
Regulators: FSC (Financial Services Commission Korea) + FSS (Financial Supervisory Service Korea) + BoK (Bank of Korea).
Technical integration
i-ONE Bank Personal mobile banking app (iOS + Android) + i-ONE Bank Global overseas mobile banking app + IBK ONEALrim push notification service + global.ibk.co.kr online + IBK branch network South Korea + 9 overseas branches + 5 overseas subsidiaries + 8 representative offices + IBK Visa + Mastercard cards; KFTC (Korea Financial Telecommunications and Clearings Institute) + Zero Pay KR + BoK CBDC (partial); Sep 1 2025 i-ONE Bank Personal complete overhaul with new services: financial product sign-ups + view and transfer funds between accounts at other banks even without IBK account + overseas stock and fractional investment + commerce platform for group purchasing products from social enterprises distinctive Korean SME-focused mobile banking + commerce platform + 2025 i-ONE Bank open platform transformation by leveraging two-side market nature of platforms distinctive Korean open banking + platform strategy.
Users & growth
2025: IBK 17M retail + 2.2M corporate customers.
Use cases
South Korean + international (US + China + Japan + India + Vietnam + Indonesia + Myanmar + Cambodia + Russia + UK + Germany + Philippines) retail + private + SME + commercial + corporate + open platform + commerce platform + overseas stock + fractional investment banking via i-ONE Bank Personal mobile + i-ONE Bank Global overseas mobile + IBK ONEALrim push notification service + global.ibk.co.kr online + IBK branch network South Korea + 9 overseas branches + 5 overseas subsidiaries + 8 representative offices + Visa/Mastercard cards; KFTC + Zero Pay KR + BoK CBDC (partial).
Implementations & partners
Operator: Industrial Bank of Korea (KRX: 024110; South Korean state-owned commercial bank since 1961; South Korean government majority controlling); South Korean government (Ministry of Economy and Finance + Korea Industrial Bank Holding) majority controlling + Korean retail + institutional + foreign investors.
Major Korean banking + payments competitors: KB Kookmin Bank (KB Kookmin Bank; KRX: 105560; KB Financial Group; South Korea's largest commercial bank by assets) + Shinhan Bank (SOL Bank + SOL Global) (Shinhan Bank; KRX: 055550; Shinhan Financial Group; South Korea's #2 commercial bank by assets) + Hana Bank (KEB Hana / Hana Won-Q + Hana EZ) (Hana Bank; KRX: 086790; Hana Financial Group; South Korea's #3 commercial bank by assets) + Woori Bank (Woori WON Banking + Woori WON Wallet) (Woori Bank; KRX: 316140; Woori Financial Group; South Korea's #4 commercial bank by assets) + NongHyup Bank (NH Bank) / NH콕뱅크 (NH CoK Bank) (NongHyup Bank; NACF Korea; South Korean state-affiliated cooperative bank) + KakaoBank (KakaoBank; KRX: 323410; South Korea's largest internet bank; 26.7M users end-2025; ₩480.3B (~$315.5M) net profit 2025 +9.1% YoY) + K Bank Korea (K Bank Korea; South Korea's #2 internet bank; 15.5M users end-2025) + Toss Bank (Toss Bank; South Korean internet bank under Viva Republica; 12M+ users end-2025) + Toss (Toss / Viva Republica; South Korean super-app) + KakaoPay (KakaoPay; Korean mobile wallet under Kakao Pay Corp; 24M+ users) + Naver Pay (Naver Pay; Korean Naver Financial mobile wallet) + PayCO (PAYCO; South Korean NHN mobile wallet) + Samsung Pay (Samsung Wallet) (Samsung Pay; Samsung Electronics global mobile wallet).
Regulators: FSC + FSS + BoK.
Fun facts
- South Korean state-owned commercial bank (Industrial Bank of Korea; KRX: 024110; South Korean government majority controlling).
- 17M retail + 2.2M corporate customers distinctive Korean state-owned commercial banking scale.
- Sep 1 2025 i-ONE Bank Personal complete overhaul distinctive Korean mobile banking modernization.
- 2025 i-ONE Bank open platform transformation by leveraging two-side market nature of platforms to expand end-user base + increase collaboration with partner companies + diversify non-financial content offerings distinctive Korean open banking + platform strategy.
- Best Mobile Financial App Finovate Awards winner distinctive Korean mobile banking excellence recognition.
- IBK SME-focused banking distinctive Korean state-owned SME banking specialty.
- 1961 IBK founding as South Korean state-owned commercial bank distinctive Korean state-owned banking heritage.
Comparison
| Feature | IBK | KB Kookmin Bank (KB Kookmin Bank rival; South Korea's largest commercial bank by assets) | Shinhan Bank (SOL Bank + SOL Global) (Shinhan Bank rival; South Korea's #2 commercial bank by assets) | KakaoBank (KakaoBank rival; South Korea's largest internet bank; 26.7M users end-2025) | K Bank Korea (K Bank Korea rival; South Korea's #2 internet bank; 15.5M users end-2025) |
|---|---|---|---|---|---|
| Operator | Industrial Bank of Korea (KRX: 024110; South Korean state-owned commercial bank since 1961; South Korean government majority controlling) | KB Kookmin Bank (KRX: 105560; KB Financial Group; South Korea's largest commercial bank by assets) | Shinhan Bank (KRX: 055550; Shinhan Financial Group; South Korea's #2 commercial bank by assets) | KakaoBank (KRX: 323410; South Korea's largest internet bank) | K Bank Korea (South Korea's #2 internet bank) |
| Type | South Korean state-owned commercial bank + 17M retail + 2.2M corporate customers + Sep 1 2025 i-ONE Bank Personal complete overhaul + 2025 i-ONE Bank open platform transformation + Best Mobile Financial App Finovate Awards winner + IBK SME-focused banking | South Korea's largest commercial bank by assets | South Korea's #2 commercial bank by assets | South Korea's largest internet bank + 26.7M users end-2025 + ₩480.3B (~$315.5M) net profit 2025 +9.1% YoY + best performance on record + 1.82M new users + 2026 stablecoin services + AI/global push 30M users target | South Korea's #2 internet bank + 15.5M users end-2025 + Upbit crypto exchange dependence + 18M customer target + lifestyle-integrated services + Musinsa partnership |
| Country | KR + US + CN + JP + IN + VN + ID + MM + KH + RU + GB + DE + PH | KR + 11 countries | KR + 16 countries | KR | KR |
| Distinctive | 1961 IBK Industrial Bank of Korea founding (South Korean state-owned commercial bank); Dec 24 2003 IBK KRX IPO under ticker 024110; 2011 IBK Smart Banking app launch + i-ONE Bank predecessor; Sep 1 2025 IBK Industrial Bank completely overhauls i-ONE Bank Personal app with new services; 2025 IBK i-ONE Bank open platform transformation + Best Mobile Financial App Finovate Awards winner | 1963 KB Kookmin Bank founding | 1982 Shinhan Bank founding | 2017 KakaoBank founding as internet bank by Kakao Corporation; Aug 6 2021 KRX IPO under ticker 323410 | 2017 K Bank Korea founding as internet bank by KT Corporation + others |
Status
Active, South Korean state-owned commercial bank + 17M retail + 2.2M corporate customers + Sep 1 2025 i-ONE Bank Personal complete overhaul + 2025 i-ONE Bank open platform transformation + Best Mobile Financial App Finovate Awards winner 1, 2, 3:
- Industrial Bank of Korea (KRX: 024110; South Korean state-owned commercial bank since 1961; South Korean government majority controlling) since 1961 IBK Industrial Bank of Korea founding + Dec 24 2003 IBK KRX IPO under ticker 024110 + 2011 IBK Smart Banking app launch + Sep 1 2025 IBK Industrial Bank completely overhauls i-ONE Bank Personal app + 2025 IBK i-ONE Bank open platform transformation.
- IBK 17M retail + 2.2M corporate customers.
- Best Mobile Financial App Finovate Awards winner.
- FSC + FSS + BoK regulated.
Sources
- 1 IBK Industrial Bank Completely Overhauls 'i-ONE Bank Personal' App — 아시아경제
- 2 Industrial Bank of Korea — IBK기업은행
- 3 Industrial Bank of Korea Wins Best Mobile Financial App at the Finovate Awards — Finovate
- Korea, Republic of report In-corpus:
reports/countries/KR-korea.md
Source
Biography extracted from ibk-korea.md. See matrix.md for standards-support matrix if present.