KOTRA (Korea Trade-Investment Promotion Agency) was established in 1962 as a South Korea's national trade promotion organization. KOTRA currently operates also the Invest KOREA, the national investment promotion agency.

Korea-Israel Industrial R&D Foundation was established in May 2001 by the governments of Korea and Israel. KORIL-RDF supports industrial R&D projects that lead to potential commercialization and contribute to the economic progress of the two countries; furthermore, to promote and encourage joint industrial R&D collaborations between firms in Korea and Israel.