The 1981 President's Cup Football Tournament (Korean: 제11회 대통령배 국제축구대회) was the 11th competition of Korea Cup.

The competition was held from 13 to 26 June 1981.

South Korea and Racing de Córdoba played out a 2–2 draw and shared the trophy.

The final match originally had to play extra time, but the game was finished early by the agreement between both directors due to a violent atmosphere.

[2] The players of Racing de Córdoba received one red and five yellow cards in the final.