Korea SME bank Industrial Bank of Korea is one of the three major state-owned banks in South Korea. It is a professional bank established by the South Korean government to provide financing services for small and medium-sized enterprises. It was funded and established by the government in August 1961 to support the development of small and medium-sized enterprises. It is one of the three major policy banks in South Korea, with a total assets of US $111 billion. The World Bank ranks 133rd and South Korean domestic banks rank 133rd Number 4.
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