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Seoul Center for Finance and Innovation

SCFI has responded to client demand through a multiyear programmatic approach that is fully aligned with country partnership strategies, which allows for more strategic and comprehensive country engagements. By facilitating the trust fund for country programs, SCFI has developed and begun implementing comprehensive activities to strengthen knowledge generation and partnership activities. Most of the country grants now support engagement organized under programmatic advisory services and analytics (PASAs) work programs. As of November 2024, throughout the four phases, SCFI allocated 39 grants for country and global/regional initiatives.

 

 

Seoul Center KTF-supported Country Programs

Phase 1 (Apr 2012 - Dec 2017)
CountryGrant NameStatusImplementation PeriodGrant Amount (USD)

China

China Financial Reform Strategy Report

Closed

March 2013–February 2014

469,715

Indonesia

Indonesia Crisis Simulation Framework

Closed

March 2013– March 2014

314,063

China

China Financial Consumer Protection and Financial Literacy

Closed

May 2013–
August 2015

456,756

PNG

TA to Implementing PNG Financial Competency Survey

Closed

July 2013–November 2015

474,661

Thailand

Thailand: Solvency Modernization and Risk-Based Capital Project

Closed

Jul 2013–
May 2015

399,282

Mongolia

Mongolia Capital Markets Development

Closed

September 2013–August 2016

366,321

Regional

East Asia Regional Financial Integration

Closed

January 2014–October 2015

385,115

China

Evaluation of Financial Consumer Education in China

Closed

March 2014–September 2016

217,183

Regional

National Risk Assessment ASEAN

Closed

May 2015–December 2018

603,417

Global

Basel Pillar 2 Implementation Toolkit

Closed

October 2015–June 2018

305,807

Myanmar

Myanmar: Scaling Up Financial Services for the Poor

Closed

October 2015–December 2018

3,649,423

Cambodia

South East Asia: Financial Sector Development PA

Closed

January 2016–December 2019

1,442,599

Mongolia

Mongolia - Financial Sector Development Support PA

Closed

May 2016–October 2018

1,920,000

Philippines

PH Financial Development and Inclusion

Closed

September 2016–May 2020

624,712

Vietnam

Vietnam Capital Markets and NBFI's Development

Closed

November 2016–August 2018

1,435,867

Lao PDR

South East Asia: Financial Sector Development PA

Closed

December 2016–October 2018

800,000

Global

Case Studies on De-Risking

Closed

March 2017–August 2018

142,371

Total

14,007,292

 

 

Phase 2 (Jan 2018 - Jun 2020)
CountryGrant NameStatusImplementation PeriodGrant Amount (USD)

Mongolia

Mongolia Financial Sector Development Program

Closed

August 2018–
June 2019

461,589

Lao PDR

South East Asia: Financial Sector Development PA

Closed

October 2018–December 2020

519,899

Lao PDR

Lao PDR Financial Sector Development ASA Program

Active

July 2019–
May 2022

1,000,000

Cambodia

Cambodia Financial Sector Development TA

Closed

September 2019–
June 2021

700,000

Mongolia

Mongolia Financial Sector Support TA

Active

February 2020–June 2022

1,500,000

Myanmar

Myanmar: Scaling Up Financial Services for the Poor

Cancelled

September 2018–
March 2021

780,346

 

Total

4,961,834

 

 

Phase 3 (Jul 2020 - PRESENT)

CountryGrant NameStatusImplementation PeriodGrant Amount (USD)

Vietnam

Vietnam Financial Inclusion Support Program

Active

April 2021–December 2022

 850,000

Pacific Islands

COVID-19 Financial Sector Monitoring Pacific Islands

Active

July 2021–
June 2022

 250,000

India

DT4D Pilot for BETI

Active

October 2021–March 2023

 150,000

Indonesia

DT4D Connecting Communities and Local Governments to Co-Create Circular Economy Approaches in Indonesian Cities

Active

October 2021–March 2023

 150,000

Global

DT4D Program 2.0

Active

November 2021-February 2022

 67,000

IndonesiaInvestment & Competitiveness Programmatic Advisory Services and AnalysisActiveJanuary 2022 - December 2022945,000
IndonesiaFinancial Crisis Preparedness, Insurance Reform and Climate-related Risk Assessment for the Financial SectorActiveJanuary 2022 - November 2022765,000
PhilippinesPrivate Sector Led Economic Recovery Through Digital and Green Investment for Competitiveness and Inclusive GrowthActiveJanuary 2022 - May 20231,500,000
Philippines

Achieving a Resilient, Inclusive, and Sustainable Financial Sector to Accelerate Economic Recovery

ActiveJanuary 2022 - December 20231,705,200
Cambodia

Supporting Financial Stability and Inclusion in Cambodia

ActiveFeburary 2022 - May 20231,004,200

 

Total

5,919,400

MOEF

Ministry of Finance and Economy (MOEF), the Republic of Korea

MOEF has contributed US$37.4 million to the SCFI from 2012 to 2024, and with the new Phase 4 agreement signed in May 2023, MOEF’s total contribution is expected to reach US$57 million by the end of 2027.
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