KDB Capital

What KDB Capital does

KDB Capital Corp. (산은캐피탈 주식회사) is a South Korean specialized lending financial company, established in 1970 and headquartered in Seoul with a secondary office in Busan. It operates as a non-bank financial institution within the Korea Development Bank (KDB) group, a state-owned policy lender, and is positioned as Korea's first specialized lending financial company (여신전문 금융회사).

The company offers a diversified suite of financial products grouped into three main lines. The Auto Finance line comprises operating and financial leases and retail auto loans for both new and used vehicles. The Corporate Finance line covers venture, mezzanine, and private equity investments, general corporate loans, policy-based loans (ESCO), real estate project finance (PF), and factoring. The Card Finance line provides the KDBC corporate sales card. Distribution runs through the Seoul headquarters, the Busan branch, an online retail auto portal (auto.kdbc.co.kr), and online/digital non-face-to-face channels for loan inquiries, electronic contracts, and online estimates.

For FY2025, KDB Capital reported total assets of KRW 12,143,269 million, loan receivables of KRW 5.47 trillion, lease assets of KRW 2.39 trillion, new-technology finance assets of KRW 983 billion, and card assets of KRW 110 billion. Operating revenue was KRW 942,588 million and net income was KRW 277,227 million (up from KRW 228,977 million in FY2024). The company carries an AA- corporate bond rating and A1 commercial paper rating from Korean credit rating agencies and is undergoing a next-generation core system migration scheduled for July–August 2026. KDB Capital also actively takes minority venture, mezzanine, and PE positions in Korean growth-stage companies, including 2026 minority investments in AI analytics firm Coxwave and space-launch developer UNASTELLA.

Name

KDB Capital

Legal name

KDB Capital Corp. (산은캐피탈 주식회사)

Website

https://www.kdbc.co.kr/

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1–10 employees

Short description

KDB Capital (산은캐피탈) is a South Korean state-affiliated specialized lending company under the Korea Development Bank group, offering auto leasing, retail auto loans, corporate and policy lending, venture/mezzanine/PE investment, factoring, and a KDBC corporate card to individuals, fleets, and Korean corporates.

Ownership category

akta.pro rank

Product category

Specialized Lending Financial Services

NAICS

Sales Financing (52222), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)

SIC

Miscellaneous Business Credit Institution (6159), Finance Services (6199), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

akta.pro secondary industries

SME Term Loans & Growth Capital (FSAKAGAB), Business Services (B2B) Growth Equity (FSANACAD), BDC / Public Vehicle Venture Debt Providers (FSANAIAC), Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

Keywords

• Specialized lending services
• Auto lease financing
• Auto loan products
• Corporate investment finance
• Corporate card services

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels2 records

Core offering

KDB Capital is a non-bank specialized lending financial company that provides auto finance (operating leases, financial leases, and new/used car loans), corporate finance (general loans, ESCO policy loans, real estate project finance, and factoring), investment finance (venture capital, mezzanine, and PE investments), and corporate sales card services. The company serves both individual consumers seeking vehicle financing and South Korean corporate clients needing working capital, growth capital, and payment solutions, operating under the Korea Development Bank group with Seoul headquarters and a Busan branch.

Product overview

KDB Capital operates as a diversified financial services company offering a comprehensive suite of lending, investment, and card products. The core offerings include: (1) Auto finance products comprising operating and financial leases (오토리스) and auto loans (오토론) for vehicle purchases; (2) Corporate finance services including investment finance with venture, mezzanine, and PE investment capabilities, as well as general corporate lending, policy-based loans (ESCO), real estate project finance, and factoring; and (3) KDBC Card corporate sales card services. The company positions itself as Korea's first specialized lending financial company, providing services through its headquarters in Seoul and Busan office.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Lease (오토리스) Vehicle leasing product where KDB Capital acquires vehicles and provides them to corporate fleet customers and individuals for use, offered in operating lease (운용리스) and financial lease (금융리스) formats.
• Auto Loan (오토론) Vehicle purchase loan financing for individual consumers and businesses buying new cars (신차 오토론) or used cars (중고차 오토론).
• Investment Finance (투자금융) Investment banking services providing venture capital investment (벤처투자), mezzanine investment (Mezzanine 투자), and private equity investment (PE 투자) for growth-stage and value-creation corporate clients.
• Corporate Finance (기업금융) Corporate lending services covering general loans (일반대출), policy-based ESCO loans (정책자금대출), real estate project finance (부동산PF), and factoring finance (팩토링금융) for South Korean businesses needing working capital, expansion funding, and receivables financing.
• KDBC Card (기업판매카드) Corporate sales card service enabling businesses to manage sales and purchasing transactions and payments through the KDBC Card platform.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• KB Capital: KB Financial Group's specialized lending subsidiary offering auto finance, corporate loans, leasing, and installment financing in Korea. Direct competitor across virtually all of KDB Capital's core product lines, with similar diversified business model and government-affiliated banking group parentage.
• JB Capital: Jeonbuk Bank-affiliated Korean specialized lending company offering auto lease, auto loans, corporate lending, and factoring — an essentially identical product set to KDB Capital and a direct head-to-head competitor in the domestic specialized finance market.
• Mirae Asset Capital: Mirae Asset Group's specialized lending arm providing auto finance, corporate loans, and PF in Korea. Closely comparable business model and customer segments, making it one of the most relevant direct competitive benchmarks for KDB Capital.
• Hyundai Capital: Captive auto finance arm of Hyundai Motor Group, dominant in Korean auto lease and auto loan markets. Direct competitor specifically in KDB Capital's auto lease and auto loan businesses, with strong dealer-tied origination advantages.
• Shinhan Capital: Shinhan Financial Group's specialized lending subsidiary, offering auto finance, corporate lending, and leasing products in Korea. Direct competitor with a similar full-service specialized finance model under a major banking group parent.
• Woori Investment Capital: Woori Financial Group's specialized lending arm offering corporate loans, PF, and auto finance. Highly comparable as another major Korean banking-group-affiliated specialized lender competing across the same product set.
• Lotte Capital: Lotte Group-affiliated Korean specialized lender offering auto finance, corporate loans, and consumer credit. Operates a similar diversified specialized-lending model in the same Korean market, making it a relevant direct benchmark.
• Hana Capital: Hana Financial Group's specialized lending company providing auto lease/loan and corporate financing services in Korea. Directly comparable in product mix, scale, and customer segments to KDB Capital.

Broad incumbents

• Korea Development Bank (KDB): Parent entity and Korea's primary state-owned policy bank; operates at vastly larger scale across corporate lending, investment banking, and policy finance. While not a direct competitor at the subsidiary level, KDB defines the strategic and funding context in which KDB Capital operates.
• Korea Credit Guarantee Fund: State-affiliated Korean SME credit guarantee institution that operates alongside rather than directly competes with KDB Capital's corporate lending business. Relevant as a major participant shaping SME credit allocation policy in Korea.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments129 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KDB Capital