KOREA DEVELOPMENT BANK

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Introduction to Korea Development Bank (KDB) Established in 1954 under the Korea Development Banking Act, Korea Development Bank (KDB) is a fully government-owned policy bank with a unique mission to support Korea’s industrial development and economic growth. Unlike commercial banks, KDB plays a pivotal role in providing long-term, strategic financing and industry expertise to nurture key sectors of the economy. Over the past seven decades, KDB has stood at the forefront of Korea’s economic journey—from post-war recovery and industrialization to leading responses during financial crises—serving as a steadfast pillar for national stability and innovation. As of the end of 2024, KDB reported total assets of approximately KRW 339.2 trillion, reflecting its continued role as Korea’s premier policy bank and its commitment to financial resilience and industrial advancement. Guided by the vision of becoming a “Greater KDB, Global Financial Leader Growing in Tandem with Korea,” the Bank is driving strategic initiatives to foster core industries, support regional development, ensure market stability, and enhance global competitiveness. KDB maintains a strong domestic presence with 60 branches and a robust international network spanning 25 overseas locations across 18 countries. KDB is expanding its footprint with the establishment of its Hanoi branch, reinforcing its mission to support Korea’s global economic integration and contribute to sustainable growth in the region. Establishment of Hanoi Branch In line with KDB’s global expansion strategy and its commitment to supporting Korean enterprises abroad, the Bank is now establishing a new branch in Hanoi, Vietnam. Vietnam has emerged as a key economic partner to Korea, with growing bilateral trade and increasing Korean investment across various industries. By setting up a formal presence in Hanoi, KDB aims to actively support Korean companies operating in Vietnam, facilitate cross-border financing, and contribute to the development of Vietnam’s financial and industrial sectors. The Hanoi Branch will serve as a strategic base to deepen cooperation, deliver tailored financial solutions, and promote sustainable growth in the region. KDB has recently received the Confirmation Letter (C/L) from the State Bank of Vietnam (SBV), and is now working toward launching operations at the Hanoi Branch in the shortest possible time.