The Los Angeles Korean Festival Foundation was founded in 1973, as leaders of the burgeoning Korean immigrant community of the greater Los Angeles area recognized the importance of preserving their ethnic identity and organized the Los Angeles Korean Festival. As a non-profit organization, the LAKFF organizes the annual Los Angeles Korean Festival with the assistance of its numerous sponsors. With over 400,000 attendees each year, the Los Angeles Korean Festival is one of the largest ethnic celebrations in the nation.