IBK Asset Management was established in 2004 to undertake investment trust asset management and consultation, as well as entrusted investment. Industrial Bank of Korea (IBK), which is partly owned by the South Korean government, holds a 100% stake in the company. IBK Asset Management had 67 employees at the end of 2019.


Nam-Hee Kang was promoted from vice president to CEO in early 2020. Kang joined the Industrial Bank of Korea in 1979 and served as the head of its inspection department, vice president of the corporate customer group and vice president of the risk management group, before his appointment as vice president of IBK AM in 2019.


IBK AM had 14.3 trillion won of assets under management at the end of the second quarter of 2020, according to data from the Korea Financial Investment Association.