• Published on 9 March 2024
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Best SME Bank in South Korea is Industrial Bank of Korea

The winning bank has distinguished itself by providing complete support for more than two million SMEs in South Korea. Established in 1961 as a policy bank, it has an 80% SME loan book of $172 billion especially focused on manufacturing SMEs.

The bank's nationwide network of 625 branches, 60 overseas networks and its team of industry-specialised relationship managers demonstrates its strong commitment to SME growth. It has been a pioneer in digital banking for SMEs, offering mobile banking solutions, small loans, and expedited loan approvals.  

With its innovative approach and 23% market share in South Korea, the Best SME Bank is Industrial Bank of Korea.