Korea Development Bank Reviews | Glassdoor

Korea Development Bank Reviews

Updated February 23, 2017
9 reviews

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3.1
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Mr. Kyttack Hong
2 Ratings

Employee Reviews

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  1. "Stay there if you want a secure job"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in New York, NY
    Former Employee - Senior Manager in New York, NY

    Pros

    good to work for life

    Cons

    salary is behind standard level. It should be match within the industry if it is IB.

    Advice to Management

    benefits should be within the standard


  2. "Senior Manage"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Seoul (South Korea)
    Current Employee - Anonymous Employee in Seoul (South Korea)
    Recommends

    I have been working at Korea Development Bank full-time (More than 10 years)

    Pros

    Various work experience. Stable position

    Cons

    Rigid organizational culture. Exclusive culture

  3. "Manager in Seoul HQ"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Seoul (South Korea)
    Current Employee - Anonymous Employee in Seoul (South Korea)
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Korea Development Bank full-time (More than 5 years)

    Pros

    Smart people, probably one of the smartest group of people in Korea. Compensation is not bad, at least in Korean standards. Best is job security. It is a government owned bank - it will not fail.

    Cons

    Workload and hours depend hugely on department or team. KDB employs a rotation system that is largely unpredictable. This may bother some people.

    Advice to Management

    The management should always consider the long-term growth and strategy of the bank. It is important to support government agendas, but also think about how it would affect the bank itself in the long run.


  4. "Worth it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in Seoul (South Korea)
    Current Employee - Intern in Seoul (South Korea)
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    It was worth having experience in the government-owned policy bank. You not only meet a lot of high-profile investment bankers since KDB is one of the important clients to them but also gain in-depth insights into banking/financing industry.

    Cons

    There is no such a chance as the conversion into a full-time offer. It was pretty monotonous.


  5. "Great worklife balance, below market benefits and salaries."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Singapore (Singapore)
    Current Employee - Anonymous Employee in Singapore (Singapore)
    Recommends
    Positive Outlook

    I have been working at Korea Development Bank full-time (More than 3 years)

    Pros

    Manageable work volume, can generally leave office before 6pm. Good pantry with lots of soft drinks provided.

    Cons

    Below market bonuses and benefits. Annual leave offered usually only 14 days when other banks are 21+, bonus only 1 month on average. Dental benefits do not include scaling and polishing !?!? Heavily expat focused, limited opportunities and respect for local staff.

    Advice to Management

    Please improve your benefits if you want to retain or hire staff.


  6. "Don't work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Seoul (South Korea)
    Former Employee - Associate in Seoul (South Korea)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Korea Development Bank full-time (More than 3 years)

    Pros

    unless you seek only for work&life balance

    Cons

    No room to grow, mandatory rotation, lack of incentive system

    Advice to Management

    I know it is a government company, so there's nothing the Management can do.


  7. "corporate finance"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    job security and competitive benefits

    Cons

    very bureaucratic, seniority based and

    Advice to Management

    n/a

  8. "Good job in Korea"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Seoul (South Korea)
    Former Employee - Anonymous Employee in Seoul (South Korea)

    Pros

    a company with good reputation

    Cons

    hierarchy
    relatively small chance to advance

    Advice to Management

    good job but please go for more


  9. "Good place to learn"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    - One of the few banks in Korea that offers quality experience in large-scale projects such as shipping finance or SOC financing
    - Family-like organization,very nice people
    - Strong alumnai network

    Cons

    - Lower compensation compared to other Korean banks
    - Correlation between performance and compensation/promotion close to nil
    - Heavy office politics

    Advice to Management

    Don't be afraid to tie performance and compensation/promotion.