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)