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Private company

Korea Financial Telecommunications & Clearings Institute

Logo: https://freemedia.tistory.com/1004, Non-free logo, via Wikipedia3

Non-profit organization in South Korea founded in 19861

Korea Financial Telecommunications and Clearings Institute (Korean: 금융결제원, KFTC) is a non-profit organization which manages several inter-bank payment systems in South Korea.2 It is headquartered in Seoul.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1986Founded1

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Korea Financial Telecommunications and Clearings Institute (Korean: 금융결제원, KFTC) is a non-profit organization which manages several inter-bank payment systems in South Korea.2

Products and brands

Check clearing

Cashier's check truncation

Local L/C clearing

Corporate purchasing fund bill truncation

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Electronic bonds

Management of dishonored bills

Giro

Paper based giro (bill)

Electronic giro (Direct Debit / Direct Credit), similar to an automatic clearing house

Internet giro (electronic bill payment)

Inter-bank network

CD/ATM network

IFT Network (Inter-bank Fund Transfer Network)

HOFINET (Inter-bank Home/Firm Banking Network)

K-Cash Network (Electronic Money Network)

CLS Network (and SWIFT Representative Office in Korea)

Bank Joint Electronic Services

Accredited certification for internet/mobile banking (PKI-based)

KF-ISAC (Information Sharing and Analysis Center)

Retirement pension record-keeping

From Wikipedia’s article on Korea Financial Telecommunications & Clearings Institute, shared under CC BY-SA 4.0.4

Timeline

  1. 1986Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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