# Information & Communication Financial Cooperative

Information & Communication Financial Cooperative is an Endowment / Foundation based in Seoul, South Korea.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Jung-gu, Seoul, South Korea
- **Founded:** 1973
- **Assets under management:** Undisclosed
- **Website:** swift.com
- **LinkedIn:** https://be.linkedin.com/company/swift

## Regulatory record

- **Reports private funds:** No

## About

Information & Communication Financial Cooperative was established in 1973 to serve the financial needs of businesses and workers in South Korea's information and communication technology sector. The cooperative is closely affiliated with the Korea Information & Communication Contractors Association (KICA), drawing its member base from the contractors and enterprises that built the nation's broadband and telecommunications infrastructure. Kang Jung-hoon took over as chairman in early 2024. Asset holdings span commercial real estate in South Korea and international alternative investments. The cooperative owns its headquarters building in Seoul's Jung-gu district and a second commercial property, Incheon Hall, in the port city of Incheon. Beyond domestic real estate, the cooperative has committed capital to cross-border real estate and special situations funds, confirmed positions include the Mirae Asset Las Vegas Hotel Fund and the SK Securities German Heritage Fund. The portfolio also includes domestic fund commitments, with a documented position in a vehicle managed by Meritz Securities and Daol Asset Management, reflecting an allocation strategy that blends direct real estate with commingled fund investments across multiple geographies. Governance rests with member-elected leadership under the cooperative charter, with Kang Jung-hoon's election as chairman in February 2024 marking the most recent leadership transition. The cooperative also operates an internal scholarship program, directing a portion of surplus toward education funding for members and their families. Industry collaboration flows through active membership in the Korea Association for ICT Promotion (KAIT), where the cooperative works on industry standards and ESG initiatives alongside other ICT-sector institutions. Unlike a standard single-family office or corporate pension, the cooperative aggregates capital from a defined professional constituency — South Korean ICT contractors — creating a pooled investment vehicle with both mutual-aid characteristics and an institutional-grade asset allocation. The member base provides a stable, non-discretionary capital inflow distinct from fundraising-dependent structures, while the cooperative form imposes member-governed constraints on risk-taking and distribution policy.

## Sectors

- Real Estate
- Private Credit

## People

- Kang Jung-hoon — Chairman (Iisajang)

## Questions

### Who runs investment decisions at Information & Communication Financial Cooperative?

Chairman Kang Jung-hoon, elected in February 2024, leads the cooperative. The governance structure follows a cooperative model where elected leadership oversees deployment of pooled member capital from the Korean ICT sector.

### What is the cooperative's relationship to KICA and KAIT?

The cooperative is closely affiliated with the Korea Information & Communication Contractors Association (KICA), which represents its core member base, and collaborates with the Korea Association for ICT Promotion (KAIT) on industry standards and ESG initiatives. These industry bodies effectively define the constituency the cooperative serves.

### Where does the cooperative deploy capital geographically?

The cooperative maintains a portfolio split between domestic Korean assets and select international commitments. Known domestic holdings include commercial properties in Seoul and Incheon, while international fund positions have included Las Vegas hotel assets via Mirae Asset and German real estate via SK Securities.

## Related profiles

- [Infocomm Media Development Authority](https://altss.com/profile/infocomm-media-development-authority)
- [InfraCo Asia](https://altss.com/profile/infraco-asia)

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Last updated: 2026-07-06T00:34:42.139Z

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