Founding The Korea Institute of Finance (KIF) was founded to provide expert analysis for the development of Korea's financial sector and financial policy through systematic research and analysis of domestic and international financial systems, policy options, and the management of domestic and international financial institutions. Organization Development DEC 21, 1990 Committee of bank presidents recommends the establishment of the Korea Institute of Finance. FEB 8, 1991 General meeting of bank presidents is held to discuss the establishment of the Korea Institute of Finance and the formulation of its bylaws. APR 9, 1991 The Korean government's Ministry of Finance issues order No.1653, permitting the incorporation of the Korea Institute of Finance. APR 25, 1991 The Korea Institute of Finance is formally registered as a nonprofit organization. MAY 13, 1991 Dr. Jae Yoon Park becomes the president of the Korea Institute of Finance. JUL 13, 1992 Dr. Yung Chul Park succeeds Dr. Jae Yoon Park as the president. JUL 14, 1998 Dr. Hae Wang Chung becomes the president. JUL 14, 2004 Dr. Heungsik Choe becomes the president. JUL 14, 2007 Dr. Dong-Gull Lee becomes the president. MAR 16, 2009 Dr. Tae-Joon Kim becomes the president. Major Activities Research and analysis of domestic and international financial market trends. Policy study for the development of financial systems and the financial industry. Research and analysis of the managerial efficiency of financial institutions for improvement of their international competitiveness. Discussions with representatives from the government, the financial sector, and academia about financial issues. Joint research with major domestic and international research institutions. Collection and compilation of information on latest developments in the domestic and international financial sectors. Government commissioned research on financial policy.