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The Inter-Korean Cooperation Fund (IKCF) was established in 1990 under the Inter-Korean Cooperation Fund Act to promote mutual understanding and socio-economic interactions between South and North Korea.
Building on the progress developed from the recent Inter-Korean summits of 2018 and 2019, IKCF, under the governing from Ministry of Unification, continues to support the government’s ceaseless efforts in maintaining cooperative mood between the two Koreas.
Concerted effort between IKCF and the government will help to create harmony on the Korean Peninsula and to create a peaceful atmosphere ready for reunification.
Specifically, IKCF conducts various operations and helps to implement projects under the guidance from the government.
IKCF provides loans and grants to South Korean companies & institutions that are willing to trade with North Korean counterparts or to conduct business within North Korean territory.