63rd Anniversary Ceremony Held
"Facing Various Challenges Such as the Spread of Digital New Technologies and the Restructuring of Global Supply Chains"
IBK Industrial Bank of Korea announced that it held its '63rd Anniversary Ceremony' on the 1st at its headquarters in Euljiro, Jung-gu, Seoul, with about 300 executives and employees in attendance.
On this day, President Kim Sung-tae reflected on the history and significance of IBK, which has grown together with its customers, and outlined the challenges to open a new future. The directions to focus on going forward include ▲ enhancing customer value and providing financial services tailored to customers' perspectives ▲ leading the role of overcoming crises for small business owners and serving as a growth ladder for small and medium enterprises ▲ thorough future preparation based on digital innovation ▲ completing a robust bank through flawless soundness management and expansion of the individual customer base ▲ securing customer trust and practicing upright finance that fulfills social responsibility.
President Kim stated, “IBK has grown together with small and medium enterprises through an unprecedented business model combining publicness and commerciality, becoming a financial group with total assets of 500 trillion won,” and evaluated that the bank has fulfilled its social responsibility as a corporate citizen by creating a super-gap in SME finance and leading Environmental, Social, and Governance (ESG) finance. He continued, “IBK faces various challenges such as intensified competition in SME finance, the spread of digital new technologies, and the reorganization of global supply chains,” and urged, “We must prioritize enhancing customer value in all matters and strengthen value-based finance.”
He also emphasized the need for innovation in the digital sector while contributing to overcoming the crisis of small business owners. President Kim said, “The vitality and dynamism of the nation and society come from growing companies,” and stressed, “We must sincerely support not only the crisis recovery of small business owners but also the discovery and growth of promising companies.”
He added, “To become a global top-tier financial group, continuous innovation must be achieved in all areas, including digital,” and said, “By thoroughly preventing financial accidents and incomplete sales, we will secure customer trust, and by combining inclusive finance such as support for foreign workers and micro and vulnerable enterprises with SME support, we will further expand IBK’s unique approach to social responsibility.”
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