KIORCC is an Intergovernmental Organization (IGO) established to fulfil and implement cooperation between Republic of Korea and Republic of Indonesia. KIORCC promotes G2G and B2B ‘s mutual benefit cooperation in the Offshore, Maritime, Fisheries, and Energy Sectors. KIORCC was initiated by a Joint Communique between the Republic of Korea and Republic of Indonesia on the 4 December 2006 which followed up with a Memorandum of Understanding between the Coordinating Ministry for Maritime Affairs of the Republic of Indonesia and the Ministry of Oceans and Fisheries of the Republic of Korea on Maritime Cooperation on the 16 May 2016. On 22 July 2019 an Implementing Agreement was signed between the Ministry of Oceans and Fisheries of the Republic of Korea and the Ministry of Marine Affairs and Fisheries of the Republic of Indonesia on the Establishment of a Korea-Indonesia Offshore Research Cooperation Center, followed by an opening ceremony on the 22 December 2019.