Industrial Bank of Korea

The official exchange rates for the Korean Won (KRW) are published daily for 21 major currencies by the Industrial Bank of Korea (IBK) from Monday to Friday around 12:00 UTC-3 time. Please note that the IBK is not the Central Bank of Korea, but it is a state owned bank too, which was established to promote small and medium-sized businesses.

The plug-in for this bank has been released with foxer currency converter in version 11.1.0.

KRW Historical series

Industrial Bank of Korea does not publish any specific historical file, but historical series since 2006.01.02 can be retrieved on demand for every month from the calendar.

Note that for long historical files like this, there is a higher chance of failing to recover modern coins because they did not exist at the time.

Economic relevance

The economy of South Korea is a highly developed mixed economy. By nominal GDP, (US$1.72 trillion), it has the 4th largest economy in Asia and the 13th largest in the world.

Advanced manufacturing and services dominate the economy, employing the majority of the population. Among its main manufactures are mobile phones, consumer electronics, household whitegoods, cars, ships and steel, all of which are exported around the globe.

As an advanced manufacturing economy, Korea imports large quantities of natural resources such as coal, iron ore and oil. It is also a net importer of agricultural products.

South Korea is a member of the United Nations, WTO, OECD/DAC, ASEAN Plus Three, East Asia Summit (EAS), and G-20. It is also a founding member of Asia-Pacific Economic Cooperation (APEC) and the East Asia Summit.

Available links

• Industrial Bank of Korea
• Daily spot update page