KOREA INSTITUTE OF PUBLIC FINANCE - A STRONGHOLD FOR PUBLIC FINANCE REACH

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History

The Korea Institute of Public Finance (KIPF)

formerly named the Korea Tax Institute (KTI), was established in July 1992 following the enactment and promulgation of the Korea Tax Institute Act on December 27, 1991. Over the past 23 years, KIPF has played an integral role in advancing Korea’s tax and public expenditure policies, and has made significant contributions to the development of the nation’s economy. In 2015, Dr. Park, Hyung-Soo inaugurated as the twelfth President of KIPF.

1990 YEAR
Dec. 27. 1991 Enactment and promulgation of the Korea Tax Institute Act (Act No. 4453)
Jul. 15. 1992 Establishment and inauguration of Dr. Chung, Yung-Euy as the first President of KTI
Mar. 16. 1996 Renamed the Korea Institute of Public Finance, approved by the Board of Directors
Jan. 29. 1999 Enactment and promulgation of the Act on the Establishment, Management and Promotion of Government-Sponsored Research Institutes (Act No. 5733), replacing the previous KTI Act
Mar. 27. 1999 Relocation to Garak-Dong
2000 YEAR
Sep. 01. 2003 Establishment of the Center for Fiscal Analysis
Oct. 01. 2005 Establishment of the Center for Tax Law & Administration
Mar. 15. 2007 Establishment of the Center for Performance Evaluation and Management
Sep. 30. 2009 Establishment of the Research Center for State-Owned Entities
2010 YEAR
Jul. 08. 2011 Establishment of the Center for Budget Analysis
Nov. 28. 2011 Establishment of the Center for Fiscal Analysis
(Integration of Center for Fiscal Analysis and Center for Budget Analysis)
Jun. 01. 2012 Establishment of the Center for Long-Term Fiscal Projections
Feb. 01. 2013 Establishment of the PEMNA Center
Jan. 02. 2014 Integration of the National Accounting Standards Center into
the Government Accounting and Finance Statistics Center
Oct. 06. 2014 Relocation to Sejong-si