The aims from the KBF, from what we under-stand, are to help re-establish a professional boxing scene in South Korea after several years of the sports going backwards. What once a thriving boxing scene has become all but dead and the better Korean fighters have had to ply their trade outside of Korea just to remain active.
We have our fingers tightly crossed in the hope that the KBF will help help bring Korean boxing back to where it once was, though fear that two of the men, Ja Ik Goo and Min Wook Kim, who could have helped put Korean boxing back on the map may have already walked away from the sport due to the instability of the country's boxing scene.
For those interested in the KBF, they were launched on August 1st this year. They have announced that they will recognise "the big 4" in terms of world titles whilst on the regional scene they will recognise the OPBF, PABA, IBF Asia and WBO Asia, however whether that means they will turn down other fights for things like the WBO Oriental title or the WBC Asian Boxing Council is yet to be seen.
(Image courtesy of http://www.koreaboxing.or.kr)