Finance
IBK Industrial Bank of Korea reselected as Suwon city treasury bank, worth 3.9 trillion won a year
IBK Industrial Bank of Korea has been reselected as the operator of Suwon Special City’s treasury. The bank said it signed an agreement with the city on Sept. 3 at Suwon City Hall. Under the mandate, IBK will run the city treasury from 2027 through 2030, managing about 3.9 trillion won annually. It will handle general and special accounts and funds, including collecting revenue and making payments.
