South Korea · Financial institution
The Korea Development Bank
Legal name in the LEI record한국산업은행
The Korea Development Bank (KDB) is a state-owned policy bank established on 1 April 1954 under the Korea Development Bank Act. Its head office is in Yeouido, Seoul. The Government of the Republic of Korea owns 100% of its shares. It provides corporate banking, corporate restructuring, investment banking, project finance, venture investment, trade finance and trading services, and funds itself mainly through Industrial Finance Bonds. Korea Finance Corporation and KDB Financial Group were merged into the bank with effect from 31 December 2014.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- KODBKRSEXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under KODBKRSE directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 1 branch code
- BIC first registered
- 1992-03-02
- Last updated
- 2025-11-15
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
State-owned
100% Government of the Republic of Korea
Institution type
Development bank
Trades as KDB
- Ownership
- The Government of the Republic of Korea holds 100% of the bank's shares directly. The Korea Development Bank Act obliges the Government to cover annual losses that the bank's reserves do not absorb.
- Direct parent
- Government of the Republic of Korea, South Korea 100%
- Head office
- 14 Eunhaeng-ro, Yeongdeungpo-gu, 07242 Seoul, South Korea
Business lines
KDB provides policy-driven corporate lending, restructuring, project finance, venture and private equity investment, debt capital markets, FX and derivatives trading, and trust and pension services. Since December 2025 it has also managed the National Growth Fund.
Online
- Websites & references
- kdb.co.kr ↗
media.kdb.co.kr ↗ KDB media centre
rd.kdb.co.kr ↗ KDB Future Strategy Research Institute
Wikipedia ↗ - Official social accounts
- Facebook ↗ · Instagram ↗ · YouTube ↗ · Naver Blog ↗
Sources · 9 pages consulted
- kdb.co.kr/BZCOWS00N00.act?_mnuId=IHIHEN0011&wcmsPath=%2Fhmp%2Fch%2Fgl%2Fak%2FCHGLAK1200.html
- kdb.co.kr/CHGLIR05N00.act?_mnuId=IHIHEN0028&JEX_LANG=EN
- vpr.hkma.gov.hk/statics/assets/doc/200110/ar_25/ar_25_eng.pdf
- fdic.gov/system/files/2024-07/kdb-165-1612.pdf
- koreaherald.com/article/10575835
- koreaherald.com/article/10682436
- m.news.nate.com/view/20260323n34182
- m.news.nate.com/view/20260323n33945
- en.wikipedia.org/wiki/Korea_Development_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chair & chief executive
-
Park Sang-jin
Chairman & CEO
- Executive
-
Lee Bong-hee
Vice Chairman & COO
- Executive
- Kim Sang-kyun Chief Compliance Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- South Korea
- Financial Services Commission Prudential supervisorAML supervisorConductOther
- South Korea
- Financial Supervisory Service Prudential supervisorAML supervisorConduct
- South Korea
- Bank of Korea Central bank
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Leadership
The Financial Services Commission appointed Lee Bong-hee, head of the Corporate Banking Division, as senior executive director (Vice Chairman & COO).
m.news.nate.com ↗ -
Investigation
The bank disclosed that the Fair Trade Commission was investigating possible collusion by domestic financial institutions, including KDB, in Korea Treasury Bond auctions.
vpr.hkma.gov.hk ↗ -
Other
An amendment to the Korea Development Bank Act took effect and KDB launched the National Growth Fund, which has a KRW 150 trillion target.
vpr.hkma.gov.hk ↗ -
Leadership
Park Sang-jin took office as Chairman and CEO, ending a three-month vacancy after his predecessor left in June 2025.
koreaherald.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- KODBKRSEXXX
- How the BIC breaks down
- KODBBank
- KRCountry · South Korea
- SELocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300ML2LNRZUCS7149
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- South Korea · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
The Korea Development Bank group has 11 institutions in the directory, in 11 countries: all hold a BIC.
Including Korea Development Bank, London Branch, Banco Kdb do Brasil S.A., Kdb Bank Europe Ltd., The Korea Development Bank, The Korea Development Bank, Singapore Branch.
See the Korea Development Bank group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- EUNHAENG- RO14 YEONGDEUNGPO- GU SEOUL 07242 28 KOREA, REPUBLIC OF
- Operational address
- YEONGDEUNGPO- GU14 EUNHAENG- RO SEOUL 07242 SEOUL KOREA, REPUBLIC OF
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>KODBKRSEXXX</BICFI>
<LEI>549300ML2LNRZUCS7149</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>KODBKRSEXXX</BICFI>
<LEI>549300ML2LNRZUCS7149</LEI>
<Nm>THE KOREA DEVELOPMENT BANK</Nm>
<PstlAdr>
<TwnNm>SEOUL</TwnNm>
<Ctry>KR</Ctry>
<AdrLine>EUNHAENG- RO14 YEONGDEUNGPO- GU SEOUL 07242 28</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| KODBKRSE001 | INTERNATIONAL DEPARTMENT | Seoul | YEOUIDO- DONG16-3 YEOUNG DEUNGPO- GU SEOUL 150-973 SEOUL POB 28 KOREA, REPUBLIC OF | — | 2024-05-02 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Park Sang-jin: kdb.co.kr (official website) · original; Lee Bong-hee: kdb.co.kr (official website) · original.
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