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Finance

IBK Industrial Bank of Korea to step up 1.35 trillion won support for National Growth Fund this year

IBK Industrial Bank of Korea said on Monday it approved 1.35 trillion won in support for advanced strategic industries and related ecosystems in 2026 as part of its plan to participate in the 10 trillion won National Growth Fund. Of the total, 850 billion won will go to corporate investment and 500 billion won to infrastructure. The bank plans to provide venture capital tailored to innovative small and venture firms and invest in energy and strategic industry infrastructure.

Finance

Jang Min-young nominated as next Industrial Bank of Korea chief executive

Financial Services Commission Chairman Lee Eok-won on Jan. 22 nominated Jang Min-young, chief executive of IBK Asset Management, for appointment as head of the Industrial Bank of Korea. The nominee has held key posts at the bank, including risk management group head and regional chief, and led the IBK Economic Research Institute. The commission said it expects stable leadership and stronger financial support for small firms and the self-employed.