Creating a brighter tomorrow for all. We will strive to become a policy research
institute that improves the quality of life for all citizens.
Just as a small sprout becomes a strong tree and forms a forest, we too have grown. Now, with bigger shade and deeper roots, we will protect the daily lives of Korean citizens. We are the Korea Institute of Public Finance. Amidst the efforts and aspirations of countless people, we first sprouted on July 15, 1992, and have been striving for the development of the national economy while always maintaining the heart and mindset that “the people are the owners”. We strive to ensure that tax policies are fair and just to all citizens, to reduce the tax burden of the people so that they can increase their disposable income and drive consumption. We research fiscal soundness and efficiency so that the warmth and goodness of our finances can reach those who need them and create a virtuous cycle without being wasted. We support state-owned enterprises, which constitute a large part of the national economy, to become more autonomous, innovative, and accountable. we produce useful and reliable financial information to ensure that Korea's finances are tightly managed, and support the account settlements of national and public institutions. With the mission and strong belief that sound and efficient financial management is the cornerstone of a frugal nation, we evaluate and manage the performance of government funded projects. We strive to ensure that finances are invested more soundly and efficiently, thereby preventing unnecessary budget execution in advance and increasing the efficiency of financial management. Through thick and thin, we stood with the people, weathering the storm and spreading our branches amidst the crisis. The KIPF was established in 1992 as the first and the only national research organization covering tax in Korea. Since opening its doors, KIPF has continuously raised its status by publishing numerous studies that contributed to the establishment of major government policies. Thanks to the trust and encouragement of the public, KIPF has become the best research institute in Korea, with a staff of about 400 and a budget of 53 billion Korean Won, as of 2023. In addition, as a core research institute under the Prime Minister, we have expanded our research horizons over the past 30 years to include not only the field of fiscal policy, but also that of fiscal performance and management evaluation, state-owned enterprises, government investment analysis, and national accounting and finance statistics. KIPF has become the best think tank that covers the entire Korean economy. Going forward, we intend to further strengthen our global capacity with the slogan "KIPF The Best". In order to do so, we are actively conducting ODA and KSP projects to spread Korea's advanced tax policy and tax administration to countries around the world, including Rwanda, Togo, and Ghana in Africa, Peru in South America, Moldova in Europe, and Indonesia, Vietnam, and the Philippines in Asia. We also plan to further strengthen our cooperation with international organizations such as the OECD, the World Bank, ADB, IDB and AfDB, etc. We will become the best global research institute that contributes to the world beyond Korea. With solid tax and public finance, we open a strong future for Korea. Until everyone gets equal opportunities and enjoys a prosperous life. We are the Korea Institute of Public Finance.