Industrial Bank of Korea

IBK, your financial partner
for a better future.


Products Info.
Product Features
Exclusive product for foreign customers
Subscription Eligibility
Individual foreigners living in Korea
Product Type
eriodic installment savings (flexible installment type)
Subscription Period
1 year or more and 3 years or less (monthly basis)
Installment Amount
At least 10,000 won and less than 10 million won per month
Interest Payment Method
Payment on the due date
Preferential Benefits
  • If the customer subscribed to this bank account has made an automatic transfer of at least 100,000 won per case after signing up, accident insurance benefits (note) are provided free of charge for one year from the 1st of the following month. The insurance benefit period is one year from the date of product change.
    • Note) Accident insurance benefits (Partner: Heungkuk Fire & Marine Insurance Co., Ltd. ☎ 1688-1688)
      • Assurance Name: General injury and death
      • Guaranteed amount: 3 million won
      • Coverage: If any of the following cases occur to the insured, the beneficiary will be paid the insurance premium.
        Only in case of death as a direct result of an accident during the insurance period.
        (Excluding death caused by illness)
Whether it is protecting depositors
Whether to join the non-taxable general savings
If the customer meets the requirements prescribed in the Tax Reduction and Exemption Control Act (of Korea), he or she can subscribe to non-taxable general savings and if the relevant law is changed, the applicable content (subscription limit, tax rate, etc.) will be changed and applied according to the law.
  • In case of change or discontinuation of the product contents due to the circumstances of the bank, we will post about the reason for the change or discontinuation and the contents one month prior to the effective date of change (or discontinued date) on the bank's branch and the bank's website for one month. If there is a change in preferential benefits, it will be applied retroactively to customers who have subscribed to deposit and withdrawal type before the change date, and it will be applied to customers who have subscribed to installment type after the change date.
  • Please contact your local sales branch or IBK Customer Center (☎1566-2566) for more information on individual products.
  • If there is any objection to the banking transaction, you can request the IBK Bank's Dispute Resolution Body to settle it or apply for dispute settlement through the Financial Dispute Resolution Committee.
    (Financial Supervisory Service: ☎ 1332, IBK Bank: ☎ 080-800-0119)
  • IBK Bank does not accept money and other valuables or entertainment for hospitality. Please report any violation of ethical management or needed improvements.

    Phone: 02-729-7490

Law-abiding monitor review passed:
Expiration Date:
2020.01.15 - 2021.01.15
2020.01.15 Current Standard