Award winning in South Korea

ING Best Bank in the World 2017 (Global Finance)
ING Global Bank of the Year 2016 (The Banker)
ING Wholesale Banking in

South Korea

Over the past decades, South Korea has demonstrated incredible growth. While in the 1960s the GDP per capita was equivalent to some of the poorer countries in Africa and Asia, in 2004 South Korea joined the world's 20 largest economies. This growth is said to have been boosted by the government’s policies on promoting the import of raw materials and technology rather than consumer goods, as well as the encouragement of saving and investment. Its main industries include electronics, telecommunications, automobile production, chemicals, shipbuilding, and steel.

Established in 1991, ING is one of the leading international banks in South Korea.  ING Wholesale Banking (WB) in Korea runs a fully licensed bank and a securities branch to offer a full range of corporate and investment banking products.  

ING is the market leader in currency options, currency forwards, non-delieverable forwards and cross-currency swaps.  We have a proven track record in offering a full range of products and services, including general lending, financial markets, debt capital markets, structured finance and corporate advisory.

Our client portfolio includes Multinational companies, Korean corporate companies, state-owned enterprises, and financial institutions.  For Korean companies expanding overseas, especially into European markets, ING provides on-the-ground coverage through our strong Benelux and European networks.  In addition, ING services multinational companies growing their businesses in Korea.  

At ING WB Korea, we tailor and integrate solutions to fit your exact needs.  A single point of contact gives you access to a wide range of products, banking specialists and industry exports.  So contact us and share your business needs with us.

  • Incredible growth since the last half of the 20th century
  • Proven track record
  • Extensive range of products
  • Client focus – single point of contact – tailored services 
  • Network of product specialists and industry experts
  • Active in South Korea since 1991


Country trade view South Korea

After a decline of the value of South Korean imports and exports last year, ING forecasts a moderate recovery for 2016. Both imports and exports will increase around 1.5% (in US dollar).

Learn more about South Korea’s imports, exports and trading partners in the Country trade view South Korea (Sept 2016, PDF, 600 kB).

Wilmar and ING collaborate on sustainable loan

November, 2017

ING has partnered Wilmar International Limited on its first sustainability performance-linked loan in Asia. Wilmar will convert a portion of its existing bilateral, committed revolving credit facility with the bank into a sustainability performance-linked loan.

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Eddy Henning joins ING staff in Asia

October, 2017

ING announces the appointment of Eddy Henning as head of Corporate Client Coverage, Transaction Services and Corporate Finance Asia as of 1 January 2018.

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ING Best Bank in the World 2017 (Global Finance)

August, 2017

Global Finance magazine has announced the winners of its World’s Best Global Banks 2017 Awards, where for the first time ever it has named the Best Bank in the World. The winner is ING.

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Rob Carnell appointed as chief economist and head of research

June, 2017

ING has appointed Rob Carnell as chief economist and head of Research Asia-Pacific to succeed Tim Condon, effective 1 July 2017.

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ING Global Bank of the Year 2016 (The Banker)

December, 2016

ING has been awarded as the best bank in the world. This year, ING even won a total of four awards at ‘The Banker’s’ Best Bank Awards 2016. Besides Global Bank of the Year, ING was named Best Bank of the year 2016 in the Netherlands, in Belgium, and in Western Europe.

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ING Bank and Global Initiatives launch Sustainable Finance Collective Asia

November, 2016

Collective brings together funding partners ING Bank, Credit Suisse, FMO and the UNDP-UN Social Impact Fund to finance sustainability projects in Asia.

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Going Dutch in Korea

October, 2016

“After China, South Korea is the most important trading partner of the Netherlands in Asia, with exports growing 30% over the past five years. Conversely, Korean companies exported goods and services to us worth €2.6bn as we are the fourth destination in Europe. So every reason for the Dutch government to organise another trade mission."

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Country trade view South Korea

September, 2016

Learn more about South Korea’s imports, exports and trading partners in our new Country trade view South Korea.

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ING to open securities branch in Seoul

August, 2016

ING will open a securities branch in Seoul as part of global investment in the international network to better serve clients and seize growth opportunities in different regions.

More about ING to open securities branch in Seoul

World trade: No revival in sight yet

June, 2016

World trade has failed to outpace world GDP since 2012. Sluggish growth of trade is poised to continue for the coming years. Read our report 'World trade: No strong recovery in sight yet.

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Products & services in South Korea

Expand your business (0)

Acquisition finance

Undertaking an acquisition can lead to growth and increased share prices. ING Wholesale Banking can help structure and finance your acquisition.

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Finance your business (0)

Debt capital markets

Increase your capital and broaden your funding solutions by appealing to the debt capital market. ING Wholesale Banking can help.

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Corporate lending

Loans give you extra financial backing to realise major investments. ING Wholesale Banking can swiftly arrange the lending.

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Trade and commodities finance

Trade and commodity investing can diversify and stabilise your portfolio to ensure long-term positive gains. ING Wholesale Banking can be of assistance.

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Structured export finance

Secure your assets through long-term structured export financing. ING WB will help mitigate your risks and structure your investments.

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Hedging risks well can lead to a steady, positive performance of your infrastructure investments. ING Wholesale Banking can help.

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Metals and energy

Structure your metals and energy transactions to maximise returns on investments. ING Wholesale Banking can help.

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Natural resources

Structure your natural resource transactions to maximise returns on investments. ING Wholesale Banking can help.

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Power and utilities

More capital means you can upgrade or transform power and utility operations to better meet strict standards and targets. ING WB can assist.

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Telecom, media and technology

Structure your telecom, media and technology transactions to maximise returns on investments. ING Wholesale Banking can help – Read on to learn how.

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Transportation financing

Effective financing for your transportation and logistical needs makes for a more efficient supply chain. ING Wholesale Banking can help you.

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Manage your risks and assets (0)

Excess cash solutions

When your company has excess liquidity and is interested in investing this liquidity in the short-, medium-, or long-term future, ING Wholesale Banking can assist you.

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Foreign exchange solutions

If dealing in foreign currencies, you are accustomed to fluctuation and risk. ING can maximise your returns and hedge your risks.

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Interest rate hedging solutions

Take advantage of interest rate hedging to spread your risk and increase liquidity. ING Wholesale Banking can assist you.

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Commodity hedging solutions

Corporations with an exposure to commodities are confronted daily with price uncertainty in the volatile commodity markets. See how ING WB can help.

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Inflation hedging solutions

Inflation derivatives help to diversify or manage inflation risks, and so to improve liquidity. ING Wholesale Banking can help with our Inflation hedging solutions.

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Credit hedging solutions

Credit hedging products and funding solutions manage credit and fund risks in both developed and emerging markets.

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Equity derivative solutions

Equity financing lets you share capital, limit risks, and raise money. ING Wholesale Banking has tailored strategies to help.

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Client clearing services

As an experienced SwapClear member with state-of-the-art infrastructure for clearing on the LCH. Clearnet platform (LCH), ING Bank has all capabilities and the track record to support your transaction, clearing and settlement needs.

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Service your operational needs (0)

LCs, collections and guarantees

Gain extra assurance and protection in your international trade transactions with letters of credit, collections, and guarantees. ING WB can help.

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