# IBK Industrial Bank of Korea

> Source: https://docs.barcoder.ai/docs/wallets/ibk
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

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

## Overview

**IBK Industrial Bank of Korea** is **KRX: 024110** + **Korean federal SME-focused commercial bank** + **Government of Korea via Ministry of Economy and Finance ~59.5% controlling** + **one of Korea's largest commercial banks** + **Korea's largest SME lender** <sup>[1][1], [Korea, Republic of report](https://docs.barcoder.ai/docs/payments/KR)</sup>.

## History

**Aug 1 1961 — Industrial Bank of Korea IBK founded as Korean federal SME-focused commercial bank** distinctive Korean federal SME banking heritage.

**Jan 2014 — IBK i-ONE Bank mobile banking app launch**.

## Ownership & operator

**Operating entity**: **Industrial Bank of Korea IBK** (Korean federal SME-focused commercial bank; KRX: 024110).

**Major shareholders**: **Government of Korea (Ministry of Economy and Finance) ~59.5% controlling + Korean retail + institutional + foreign investors free float**.

**Regulators**: **FSS Korea + BoK**.

## Technical integration

IBK i-ONE Bank mobile app (iOS + Android) + ibk.co.kr online + IBK branch network across Korea + China + US + UK + Germany + Japan + Hong Kong + Indonesia + Myanmar + India + Vietnam + Cambodia international branches + IBK Visa + Mastercard + JCB cards; KR IBAN + KR ZeroAPY.

## Implementations & partners

**Major Korean banking + payments competitors**: [Shinhan Bank](https://docs.barcoder.ai/docs/wallets/shinhan-bank) (Shinhan Bank; Korea's largest commercial bank by assets) + [KB Kookmin Bank](https://docs.barcoder.ai/docs/wallets/kb-kookmin-bank) (KB Kookmin Bank; KRX: 105560; Korea's #2 commercial bank by assets) + [Woori Bank (Woori WON Banking + Woori WON Wallet)](https://docs.barcoder.ai/docs/wallets/woori-bank) (Woori Bank; KRX: 316140; Korea's #3 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; Korea's #4 commercial bank by assets) + [NH NongHyup Bank](https://docs.barcoder.ai/docs/wallets/nh-nonghyup-bank) (NH NongHyup Bank) + [KakaoBank](https://docs.barcoder.ai/docs/wallets/kakaobank) (Kakao Bank; Korea's largest digital bank) + [Toss](https://docs.barcoder.ai/docs/wallets/toss) (Toss; Korean super-app mobile wallet) + [K Bank Korea](https://docs.barcoder.ai/docs/wallets/k-bank-korea) (K Bank; Korea's first digital bank) + [KakaoPay](https://docs.barcoder.ai/docs/wallets/kakaopay) (KakaoPay; ~37M+ Korean users) + [Naver Pay](https://docs.barcoder.ai/docs/wallets/naver-pay) (Naver Pay; ~30M+ users) + [Samsung Pay (Samsung Wallet)](https://docs.barcoder.ai/docs/wallets/samsung-pay) (Samsung Pay; Samsung Electronics).

**Regulators**: FSS Korea + BoK.

## Status

**Active, KRX:024110 + Korean federal SME-focused commercial bank + Government of Korea ~59.5% controlling + one of Korea's largest commercial banks + Korea's largest SME lender** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.ibk.co.kr/ "IBK — official"
[2]: https://en.wikipedia.org/wiki/Industrial_Bank_of_Korea "IBK — Wikipedia"
[kr-cro]: https://docs.barcoder.ai/docs/payments/KR

- [1] [IBK — official][1]
- [2] [IBK — Wikipedia][2]
- <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.md](https://docs.barcoder.ai/source/wallets/ibk). See `matrix.md` for standards-support matrix if present.