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).