[DISCLOSURE] Industrial Bank of Korea (024110) reported on April 21 that its operating profit in the first quarter rose 20.1 percent to 577.92 billion won (US$509.18 million) from the same period last year. 

Its revenue hiked 24.0 percent to 6.87 trillion won and net profit 15.9 percent to 437.74 billion won on-year. 

By Hwang You-mee (theinvestor@heraldcorp.com)