RNS No 3172h
INDUSTRIAL BANK OF KOREA
23 August 1999


FORMAL NOTICE FOR SPECIALIST SECURITIES


PUBLICATION DATE: 23 August 1999

______________________________________________________________________________


DETAILS OF ISSUE: US$1,000,000,000 Global Medium Term Note Programme
                  
                  
ISSUER:           The Industrial Bank of Korea
  
INCORPORATED IN:  Korea


GUARANTOR:        N/A

INCORPORATED IN:  N/A
            
  

Listing Particulars relating to the issue may be obtained during usual
business hours for fourteen days from the date of this formal notice from:


The First National Bank of Chicago
2nd Floor, 27 Leadenhall Street
London EC3A 1AA



Copies of the listing particulars relating to the issue may also be inspected
during normal business hours from the Company Announcements Office of the
London Stock Exchange, Old Broad Street, London, EC2N 1HP, by collection only,
for the two business days following the date of this formal notice.


END

FN ARSAKKUKWUAR


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