Industrial Bank of Korea Chairman and CEO Chang Min-young (eighth from left), IBK Vietnam General Director Park Kyung-il (far right), State Bank of Vietnam Deputy Gov. Pham Quang Dung (seventh from left) and other officials pose at a ceremony marking the launch of IBK Vietnam in Hanoi, Tuesday. The Korean lender established the subsidiary as Vietnam's 10th wholly foreign-owned bank following a nine-year approval process. IBK Vietnam began operations on Sept. 25 after receiving regulatory approval in April. (IBK)


jwc@heraldcorp.com