ING Named South Korea International Trade Finance Bank of the Year for Third Consecutive Year

Seoul, South Korea, 14 July 2025 – ING Korea has been named South Korea International Trade Finance Bank of the Year at the 2025 Asian Banking & Finance Wholesale Banking Awards, marking its third consecutive win in this category. The recognition underscores ING’s strong track record in supporting Korean corporates with liquidity management and global business expansion.

Organised annually since 2006, the Asian Banking & Finance Wholesale Banking Awards is one of the most prestigious accolades for wholesale banking in the Asia Pacific (APAC) region. The awards honour financial institutions that demonstrate innovation, impact, and excellence in delivering differentiated client solutions.

This year’s win for ING Korea was supported by a standout receivables finance transaction for a major Korean auto parts supplier operating in the United States. Leveraging its global trade finance network, ING delivered a tailored accounts receivable solution that helped improve the client’s cash conversion cycle and strengthen working capital management.

ING in South Korea: Three decades of market leadership

Established in South Korea in 1991, ING expanded its capabilities with the launch of a securities branch in 2016. Today, ING Korea is one of the largest international providers of trade finance services in the country. Its comprehensive suite of offerings includes trade loans, receivables financing, guarantees for corporates, Letters of Credit refinancing, Banker’s Acceptances, and unfunded guarantees for non-bank institutions. ING’s local knowledge is complemented by its global footprint across 35 countries, enabling it to support Korean clients as they expand internationally.

ING’s win in South Korea forms part of a broader regional recognition at this year’s awards, underscoring the strength of its APAC franchise. ING Taiwan was named Taiwan International Trade Finance Bank of the Year for the second consecutive year, recognising its consistent delivery of cross-border working capital solutions for Taiwanese corporates. Meanwhile, ING Philippines was awarded Excellence in Foreign Exchange Solutions and Market Innovation, acknowledging its innovative FX capabilities and growing influence in the Philippine financial markets.