KOTIC was established for the purpose of encouraging it's members to carry out economic activities autonomously and to raise their economic performance,resulting in balanced growth for the national economy.

To realize this goal, the cooperative seeks to promote the growth of the Korean tools industry and the welfare of it's members by performing cooperative projects.

The cooperative represents the Korean tools industry under the Korea Federation of Small and Medium Business (KBIZ) as an organization consisting of professional tools manufacturers.

Currently, there are approximately 500 tools manufacturers in Korea. Among them, 170 Mnufacturers are the members of KOTIC.