Skip to contentSkip to submenu
HOME>About the KFB>Who we are>History

History

  • The KFB was established by 11 banks in 1928 as the Kyongsong Bankers' Club and renamed the Seoul Bankers' Club in 1948. As it became the de facto national banking organization in 1975, it changed its name to the Korean Bankers’ Association. In 1984, the organization inaugurated as the Korea Federation of Banks.
  • 1928 Established as the Kyongsong Bankers' Club
  • 1948 Renamed the Seoul Bankers' Club
  • 1975 Reorganized the Seoul Bankers' Club as the Korean Bankers' Association
  • 1976

    -Established Saemaul Training Center for professionals in the finance industry

    -Consolidated "Saemaul Training Center" and the training center within the
    Korean Bankers' Association and established "Korea Banking Institute"
    as an integrated entity

  • 1981 Assumed the functions of the Regional Bankers' Association of Korea
  • 1984 Inaugurated as the Korea Federation of Banks
  • 1986 Assumed responsibility for credit information management services
  • 1991 Separated the financial economy research institute within the Regional Bankers' Association of Korea and established "Korea Institute of Finance" as an independent entity
  • 1995 Designated as the centralized credit information collection agency
  • 2003 Given the mandate to represent financial institution and domestic bank management in industry-level collective bargaining activities
  • 2005 Acquired shares of Korea Enterprise Data
  • 2006 Established Banks Council for Social Contribution
  • 2014 Assumed the functions of collecting and maintaining tech database under the revisions made to the Supervision Regulations of the Use and Protection of Credit Information Act
  • 2016 Established the Korea Credit Information Services as an affiliate under the revised Use and Protection of Credit Information Act
  • 2017 Accepted K Bank and Kakao bank, internet-primary banks, as full members