Company Overview of Korea Development Bank
Korea Development Bank provides banking and financial services in South Korea and internationally. It operates through Corporate Finance, Investment Finance, Asset Management, and Others segments. The company offers corporate banking services, including facility capital and working capital loans; equity investments, public/corporate bonds, and private placement securities; and debt, payment, and bond guarantees. It also provides investment banking solutions comprising mergers and acquisition services for local and foreign companies, primary and secondary equity offerings execution, divesture, debt restructuring, business reallocation consulting, and foreign capital inducement; venture capita...
Founded in 1954
Key Executives for Korea Development Bank
Chairman and Chief Executive Officer
Vice Chairman and Chief Operating Officer
Head of Risk Management Division and Senior Executive Director
Head of Regional Banking Division
Compensation as of Fiscal Year 2013.
Korea Development Bank Key Developments
KDB Reportedly Eyes Hyundai's Firms
Feb 5 14
Hyundai Group is expected to sell Hyundai Securities Co., Ltd. (KOSE:A003450), Hyun dai Savings Bank Co.,Ltd., and Hyundai Asset Management Co. Ltd. to a special purpose company (SPC), operated by Korea Development Bank (KDB), its main creditor, sources watching the arrangements said. Hyundai owns a 36% stake in Hyundai Securities, which it said is worth up to KRW 700 billion. Market estimates, on the other hand, put the actual worth at no more than KRW 400 billion. Hyundai Asset Management Co. and Hyundai Savings Bank Co. are fully owned subsidiaries of the brokerage firm. Sources said Hyundai and KDB plan to select a company soon that will take charge of selling the financial firms. This will be followed by a due diligence process to assess the exact worth of the companies. "Once this is done, KDB can move to pay Hyundai through a private equity fund arrangement and then take steps to sell the firms," a source said. Hyundai must pay back KRW 420 billion in corporate bonds as well as the KRW 400 billion in commercial papers, which all come due this year. Hyundai at the same time plans to sell off real estate and other holdings individually. Hyundai plans to sell the Banyan Tree Hotel in Seoul.
Korea Development Bank Appoints Ryu Heui-kyoung as its Vice Chairman and Chief Operating Officer
Feb 3 14
Korea Development Bank has appointed former executive director Ryu Heui-kyoung as its vice chairman and chief operating officer (COO), the bank announced. The position has been vacant for three weeks. Ryu, who started his professional career at KDB in 1983, became the executive director in 2011. He led the lender's investment banking division in 2011 and thenmoved to the head of its corporate banking division in 2012. He has been credited with successfully handling the restructuring of many conglomerates, including STX. Ryu graduated from Gyeongseong High School and Sungkyunhwan University with a major in industrial psychology.
Korean Government Denies DSME Sale To Russian
Dec 18 13
Korean Government denies the rumour of selling Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KOSE:A042660) (DSME) to a Russian owner. "We oppose the disposal of the company to a foreign unit, which may cause employment insecurity and a shipbuilding technology leak," said the DSME labor union. "The government recently asserted that the rumored sales would not take place, but it has so far failed to suggest detailed plans to support that," it said. The unionized workers also demanded that the company refrain from a package deal of its stocks and to make sure that some of the executive members participate in the disposal discussion process. The surging concerns came in response to the prevalent rumor that Open Joint Stock Company Rosneft Oil Company (LSE:ROSN) is eyeing the Korean shipbuilding champion. Natalia Burykina, chairperson of Russia's State Duma Committee on Financial Markets, further boosted such speculations late November 2013 by saying that the governments of the two countries were "discussing" the acquirement possibility. But the Korean government denied the plan, citing the fact that DSME is currently the country's leading builder of military ships. Korea Development Bank which holds 31.5% of DSME also denied having received any official purchase offer from the Russian company or any other foreign units.
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