Founded
in 1954 and headquartered in Seoul, Korea Development Bank (KDB) is a state-owned policy bank of South Korea, wholly owned by the South Korean government, with the main function of supporting the country's economic development and industrial upgrading. As one of the largest policy financial institutions in South Korea, KDB has branches around the world, including New York, London, and Tokyo, as well as Shanghai, Beijing, and Guangzhou in China.
Scope of
ServicesKDB's business network covers major financial centers around the world, with branches in Guangzhou, Shanghai, Beijing and other branches in China, focusing on corporate finance business, including foreign exchange business, medium and long-term loans, trade finance, etc. Its offline outlets are mainly distributed in South Korea and international financial hubs, and its ATM layout is mainly in South Korea, and its international business is more dependent on corporate customer service.
Regulation & ComplianceAs
a state-owned bank in South Korea, KDB is regulated by the Financial Supervisory Service (FSS) of Korea and complies with the financial regulations of the host country in its international business. KDB does not explicitly disclose whether it participates in the deposit insurance scheme, but as a policy bank, it has a high credit rating and enjoys implicit government guarantees.
The
core financial indicators of KDB are not disclosed in detail in public information, but as a national policy bank, its capital adequacy ratio is usually higher than the average of commercial banks, and the non-performing loan ratio is relatively controllable due to government support. Liquidity management focuses on long-term project financing, and the liquidity coverage ratio meets international regulatory requirements.
The deposit and loan product
KDB is mainly for corporate customers, and the individual business is limited. Deposit products include foreign exchange deposits and specific RMB business, with interest rates adjusted according to the market. In terms of loans, it provides medium and long-term project financing, trade credit, etc., with interest rates lower than the market average, which is suitable for large-scale infrastructure and multinational enterprises.
The list of common fees
, such as corporate account management fees and cross-border transfer fees, needs to be negotiated according to the specific business, and there are few personal customer services, and the fee structure is not disclosed. It should be noted that foreign exchange business may involve exchange rate differences and hidden costs.
Digital Service
ExperienceKDB's digital services focus on corporate customers, providing online banking and international settlement platforms to support online trade finance applications. Individual users have limited features and undisclosed app scores, but policy banks generally spend less on technology than retail banks.
Customer service quality
: Enterprise customers enjoy a dedicated account manager, and the response speed is fast; Personal service channels are limited, and multi-language support is mainly for English and Korean. The complaint handling mechanism is in line with international banking standards, but there is less publicly available complaint data.
Security measures
are based on international standard anti-money laundering (AML) and anti-fraud systems, enterprise-grade data encryption technology, and no major data breaches have been reported. The security of the funds of policy banks is backed by the government's credit.
The core strength of KDB is to support national strategic projects, such as green energy, infrastructure financing, and provide cross-border M&A advisory services. High-net-worth clients may access private banking services through affiliates.
Market Position and
HonorKDB occupies a key position in the Korean financial system, and has been awarded the "Best Policy Bank in Korea" for many times, and its international influence is reflected in the cooperation of the "Belt and Road" project, but it has not participated in the selection of retail banking awards.
