In October 2011, the Financial Services Commission took the initiative in establishing the 1st meeting of a
Council on International Financial Cooperation to facilitate systematic overseas expansions and financial
cooperation. Comprised of the heads of domestic financial institutions, the council examined the current
status of international financial cooperation and discussed ways to support financial institutions’ overseas
expansions based on sharing Korea’s experience in financial development.
At the 2nd meeting held in
November 2012, it was decided that a secretariat be established under the Korea Institute of Finance to
exclusively handle work related to international financial cooperation so as to support Korean financial
institutions’ expansion overseas, and revitalize international cooperation in the financial sector.
The autonomous council to explore overseas expansion strategies was transformed into the official
Council, ’Council on International Financial Cooperation’ in February 2013.
Since then, as a
non-profit voluntary organization, CIFC has actively carried on its cooperation businesses to strengthen
bases for global financial cooperation by sharing Korea’s financial experiences and best practices to the
world.
As of 2024, CIFC is comprised of 25 major public and private financial institutions and
financial associations in Korea.
Korea-Uzbekistan Financial Cooperation Seminar(2022.09.19)
Korea-Indonesia Financial Cooperation Seminar(2021.05.28)
Overseas Business Strategy for Financial Institutions in the Era of Covid-19(2020.09.25)
Korea-Indonesia Financial Cooperation Forum(2019.09.19)
Korea-Vietnam Financial Cooperation Forum(2018.03.22)
Thailand-Korea Financial Cooperation Forum(2017.09.26)
Korea-Myanmar Financial Cooperation Forum(2016.06.09)
The 2nd Korea-UK Financial Cooperation Forum(2015.05.28)
The 1st International Financial Cooperation Forum(2014.12.09)
Korea-Uzbekistan Financial Cooperation Forum(2013.10.28)