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. Our Seoul branch offers a full range of corporate and investment banking products. ING is the market leader in currency options, currency forwards, non-deliverable forwards and cross-currency swaps. We have a proven track record in currency trading, project finance, export finance, commercial lending, and corporate advisory services.
As an ING client, you can choose from a comprehensive range of banking products. We can tailor and integrate solutions to fit your exact needs. Your single point of contact can put you in touch with our vast network, our product specialists and industry experts. So tell us, how can we help you?
- 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).