Korea Financial Telecommunications & Clearings Institute

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

Korea Financial Telecommunications and Clearings Institute
금융결제원
Non-profit organization
IndustryFinance
Founded1986
HeadquartersSeoul, South Korea
Websitehttp://www.kftc.or.kr/
Korean name
Hangul
Hanja
Revised RomanizationKeumyung gyeoljewon
McCune–ReischauerKŭmnyung gyŏljewŏn

Business
  • Check Clearing

Cashier's Check Truncation
Local L/C Clearing
Corporate Purchasing Fund Bill Truncation
Electronic Bonds
Management of Dishnored Bills

  • Giro

Paper based Giro(Bill)
Electronic Giro(Direct Debit / Direct Credit)(Similar to 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

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