View of the headquarters of IBK Industrial Bank

IBK Industrial Bank of Korea (Chairman Kim Seong-tae) announced that from the 11th, corporate internet banking and corporate smart banking transfer fees will be fully exempted for all corporate customers (individual business owners and corporations).

Recently, the banking sector is exempting internet and mobile transfer fees from other banks for some corporate customers, but IBK plans to fully exempt all corporate customers from non-face-to-face transfer fees without any conditions.

Previously, a fee of KRW 500 was imposed for transfers from internet/mobile banking to other banks and KRW 300 per transaction for automatic transfers. Exempted.