# Industrial Bank of Korea (i-ONE Bank Personal + i-ONE Bank Global)

> Source: https://docs.barcoder.ai/docs/wallets/ibk-korea
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [IBK — official](https://global.ibk.co.kr/)

## 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** <sup>[1][1], [2][2], [Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup>. **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** <sup>[1][1], [2][2]</sup>.

**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** <sup>[3][3]</sup>.

## 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](https://docs.barcoder.ai/docs/wallets/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)](https://docs.barcoder.ai/docs/wallets/shinhan-sol) (Shinhan Bank; KRX: 055550; Shinhan Financial Group; South Korea's #2 commercial bank by assets) + [Hana Bank (KEB Hana / Hana Won-Q + Hana EZ)](https://docs.barcoder.ai/docs/wallets/hana-bank) (Hana Bank; KRX: 086790; Hana Financial Group; South Korea's #3 commercial bank by assets) + [Woori Bank (Woori WON Banking + Woori WON Wallet)](https://docs.barcoder.ai/docs/wallets/woori-bank) (Woori Bank; KRX: 316140; Woori Financial Group; South Korea's #4 commercial bank by assets) + [NongHyup Bank (NH Bank) / NH콕뱅크 (NH CoK Bank)](https://docs.barcoder.ai/docs/wallets/nonghyup-bank) (NongHyup Bank; NACF Korea; South Korean state-affiliated cooperative bank) + [KakaoBank](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/k-bank-korea) (K Bank Korea; South Korea's #2 internet bank; 15.5M users end-2025) + [Toss Bank](https://docs.barcoder.ai/docs/wallets/toss-bank) (Toss Bank; South Korean internet bank under Viva Republica; 12M+ users end-2025) + [Toss](https://docs.barcoder.ai/docs/wallets/toss) (Toss / Viva Republica; South Korean super-app) + [KakaoPay](https://docs.barcoder.ai/docs/wallets/kakaopay) (KakaoPay; Korean mobile wallet under Kakao Pay Corp; 24M+ users) + [Naver Pay](https://docs.barcoder.ai/docs/wallets/naver-pay) (Naver Pay; Korean Naver Financial mobile wallet) + [PayCO](https://docs.barcoder.ai/docs/wallets/payco) (PAYCO; South Korean NHN mobile wallet) + [Samsung Pay (Samsung Wallet)](https://docs.barcoder.ai/docs/wallets/samsung-pay) (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](https://docs.barcoder.ai/docs/wallets/kb-kookmin-bank) (KB Kookmin Bank rival; South Korea's largest commercial bank by assets) | [Shinhan Bank (SOL Bank + SOL Global)](https://docs.barcoder.ai/docs/wallets/shinhan-sol) (Shinhan Bank rival; South Korea's #2 commercial bank by assets) | [KakaoBank](https://docs.barcoder.ai/docs/wallets/kakaobank) (KakaoBank rival; South Korea's largest internet bank; 26.7M users end-2025) | [K Bank Korea](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://cm.asiae.co.kr/en/article/2025090116081964243 "IBK Industrial Bank Completely Overhauls 'i-ONE Bank Personal' App — 아시아경제"
[2]: https://global.ibk.co.kr/ "Industrial Bank of Korea — IBK기업은행"
[3]: https://finovate.com/industrial-bank-of-korea-wins-best-mobile-financial-app-at-the-finovate-awards/ "Industrial Bank of Korea Wins Best Mobile Financial App at the Finovate Awards — Finovate"
[kr-cro]: https://docs.barcoder.ai/docs/payments/KR

- [1] [IBK Industrial Bank Completely Overhauls 'i-ONE Bank Personal' App — 아시아경제][1]
- [2] [Industrial Bank of Korea — IBK기업은행][2]
- [3] [Industrial Bank of Korea Wins Best Mobile Financial App at the Finovate Awards — Finovate][3]
- <sup>[Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup> In-corpus: `reports/countries/KR-korea.md`

## Source

Biography extracted from [ibk-korea.md](https://docs.barcoder.ai/source/wallets/ibk-korea). See `matrix.md` for standards-support matrix if present.