Since its establishment in 1996 as a nonprofit public corporation, the Asia Research Fund has been supporting academic research related to culture, history, security and economic development in East Asia, and especially carrying out public services that support and promote exchanges between universities and students in Korea and that in Japan. The Asia Research Fund was established to commemorate the 50th anniversary of the end of World War II and the 30th anniversary of the normalization of diplomatic relations between Japan and the Republic of Korea, and has been proceeding to support research and exchange cooperation business through fundraising.

Recently, East Asia is spreading the value of cooperation. In particular, the efforts for cooperation between Korea and Japan have an important meaning, symbolizing that East Asian countries are trying to overcome mutually exclusive history and seeking ways of reconciliation and cooperation. Therefore, the Asia Research Fund has also been focusing on the significance of communication such as cooperation, exchanges and mutual understanding among East Asian countries, and striving to form an intellectual community on the future of East Asia. In addition to the expanding support for academic research projects in various fields, the Asia Research Fund is promoting mutual understanding of East Asian history and culture and planning to encourage regional security and economic cooperation by exchanges among universities within the region and actively supports various exchange and cooperation projects between youth and students. Based on the achievements of the past 20 years, the Asia Research Fund is committed to support exchanges of intellectuals, scholars, and students between Korea and Japan, and is contributing to build a network of intellectuals from both countries with a foundation for peace and prosperity in East Asia.