Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 30, 2015 2:52 PM ET

Banks

Company Overview of Korea Development Bank

Company Overview

Korea Development Bank provides various banking products and services in South Korea. The company’s deposit products include demand, time, and savings deposits; and certificates of deposit. Its corporate banking products include corporate loans, such as facility capital loans, working capital loans, etc.; equity investments, public/corporate bonds, private placement securities, etc.; and debt guarantees, payment guarantees, bond guarantees, etc. The company also provides investment banking products comprising merger and acquisition, TechnoBanking, venture capital, project finance, private equity fund, and other funding services; and international banking products, including syndication, stru...

14 Eunhaeng-ro

Yeongdeunpo-gu

Seoul,  150-973

South Korea

3,398 Employees

Phone:

82 2 1588 1500

Key Executives for Korea Development Bank

Chairman of The Board and Chief Executive Officer
Age: 63
Vice Chairman and Chief Operating Officer
Executive Director
Executive Director
General Manager of New York Branch
Compensation as of Fiscal Year 2015.

Korea Development Bank Key Developments

KDB To Sell Units

Korea Development Bank (KDB) intends to sell it entities. KDB said on August 24, 2015, that its board of Directors approved the plan to sell Daewoo Securities Co., Ltd. (KOSE:A006800), KDB Asset Management Co., Ltd. and KDB Capital Corp. Market watchers said the price of Daewoo Securities is expected to top KRW 3 trillion. "We will set up the Financial Affiliates Sales Committee to push for the sales process transparently and fairly," said KDB Director Lee Dae-hyun. He said KDB will sell its stake in the brokerage house by accepting applications from multiple bidders to make the process more transparent and fair. According to the law, the sales process will be pushed for with at least two qualified bidders. KDB said it will appoint two lead managers one from a local company and the other from a foreign company. They will calculate the deal price based on KDB Daewoo Securities' assets and corporate value before the main bidding process begins. An accounting company and a law firm also will be selected to offer consulting services for the deal.

Korea Development Bank Reportedly Seeks To Sell Stakes In Daewoo Securities

Korea Development Bank will consider an option to sell its controlling stake in Daewoo Securities Co., Ltd. (KOSE:A006800) to a Chinese group as it seeks to find a preferred bidder by the end of this year, people familiar with the matter said on August 23, 2015. Anbang Insurance Group Co., Ltd. and CITIC Group Corporation may join the auction to sell the Korean brokerage company, said an official from a creditor bank. KDB plans to hold a board meeting on August 24, 2015, to vote on the sale plan and to hold a press conference at its headquarters in Yeoido, western Seoul. Next month, KDB plans to name a lead manager to handle the auction and start the process from November. The deal will collapse if there are not multiple bidders.

KB Financial Eyes Acquisition of KDB Daewoo Securities

KB Financial Group, Inc. (KOSE:A105560) decided to join the bid to acquire Daewoo Securities Co., Ltd. (KOSE:A006800). “It is worth considering the acquisition [of KDB Daewoo Securities],” a high-ranking official at KB Financial Group said, “we’ll place the acquisition high on the agenda after terms and conditions for the sale are set.” Korea Development Bank will begin market research to look for prospective acquirers in mid-August and will officially announce details of its disposal in September upon consultations with financial authorities.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 21, 2015
Planters Development Bank
Private Placement
July 7, 2015
EverTechno Co., Ltd.
Merger/Acquisition
June 12, 2015
China Crystal New Material Holdings Co.,Ltd.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Korea Development Bank, please visit www.kdb.co.kr. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.