The Seoul Center for Finance and Innovation (SCFI) was established in 2011 through a partnership between the Ministry of Economy and Finance of the Republic of Korea and the World Bank Group. The objective is to improve and develop financial and private sectors in the East Asia and Pacific region by delivering better technical assistance and advisory services to countries in the region. SCFI focuses on two main areas to achieve this goal:
- Grant Programs: SCFI manages and implements a trust fund to support financial and private sector development programs for developing countries in the East Asia and Pacific region.
- Knowledge Generation: SCFI develops knowledge products, provides technical assistance, and facilitates knowledge exchanges through two complementary programmatic advisory services and analytics (PASAs). These activities aim to strengthen the financial and private sector system by leveraging Korean experience.
