FKI, the Federation of Korean Industries, was founded in 1961 as a non-profit, independent organization consisting of Korea's major conglomerates and associated members. The organization's primary objectives are to promote sound economic policies and internationalize the economy, thereby advancing the free market economic system and the nation's development.
To achieve these objectives, FKI addresses and analyzes various domestic economic issues, conducting extensive research to find effective solutions. It engages with the government on major economic policies, fosters cooperation with international economic organizations, advocates free market principles, and assists corporations in enhancing corporate community relations.
FKI stands alongside prestigious economic organizations such as the Korea Chamber of Commerce and Industry, the Korea International Trade Association, and the Korean Federation of Small Business. To qualify for FKI membership, a company must have annual sales of 50 billion won or more. Unlike the first three organizations formed under special laws, FKI was established by private businessmen on a voluntary basis, uniquely operating as a completely private economic organization.
As of 2013, FKI has 470 members, including 400 companies like GS Corporation, Samsung Electronics, Kumho Industrial, Korean Airlines, Hanwha Corporation, Hyundai Motor, Daelim Industrial, LG, POSCO, Doosan Construction, and 21 foreign-invested companies, along with 65 organizations.
In April 2013, KOISRA organized and led a delegation of FKI members to Israel to explore the Israeli startups ecosystem and facilitate collaboration between FKI's members and Israeli companies.
