The Korea Foundation (Korean: 한국국제교류재단, Hanja: 韓國國際交流財團) is a non-profit public diplomacy organization established in 1991 to promote a better understanding of Korea and strengthen friendships in the international community. The foundation carries out various projects for exchange between the South Korea and foreign countries to cultivate mutual understanding. Amid the Republic of Korea's rapid economic growth from the late 1970s to the 1980s as well as the country's concomitant democratization and the upheaval in the international community after the Cold War, an overhaul of Korea's foreign policy strategy became inevitable. Having demonstrated its enhanced capabilities by successfully hosting the 10th Asian Games in 1986 and the 24th Summer Olympics in 1988 in Seoul had a lasting impact on how the world viewed Korea. Subsequently, the idea for an international exchange organization was born that would serve as a single point of contact and support exchange projects in various fields. In September 1989, the Korean parliament began an official debate about the establishment of the Korea Foundation, which eventually led to the adoption of the Korea Foundation Act on December 14, 1991. More information...
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