KDB Financial Group
KDB Financial Group was a financial group company established on October 28, 2009. It is located on the 8th floor of the head office building of the 16-3 Industrial Bank of Yeouido-dong, Yeongdeungpo-gu, Seoul. In order to enhance the financial services capacity and promote smooth privatization, it was designated as another public institution under the Financial Services Commission established on October 28, 2009 in accordance with the Commercial Act of Korea based on the Korea Development Bank Act and the Financial Holding Company Act. However, The Minister of Strategy and Finance has lifted the designation of other public institutions. KDB Korea Development Bank, KDB Daewoo Securities, KDB Capital, KDB Asset Management and KDB Infrastructure. It was reintroduced to the Korea Development Bank, a subsidiary under the Korea Development Bank Act, as amended on January 1, 2015.