FK Norway (Norwegian: Fredskorpset, meaning the Peace Corps) is a Norwegian governmental body financing two-way mutual personnel exchange between companies and organizations in Norway and similar companies and organizations in the global South - that is countries in Africa, Asia and Latin America. It was first founded in 1963, based on ideas of John F. Kennedy's American Peace Corps, but reorganized and re-established in 2000 ensuring mutual exchange of young people. Fk is a governmental body under the Norwegian Ministry of Foreign Affairs, and an integral part of Norwegian development cooperation. FK Norway funds exchange programms between various colleges, organizations, businesses etc. in the southern and northern hemispheres.