[Asia Economy Reporter Kim Min-young] The Korea Inclusive Finance Agency announced on the 24th that it has signed a business agreement with the Child Rights Protection Agency to promote financial education.
The two organizations agreed to actively cooperate in developing financial education content for children aging out of child welfare facilities (aged 18) who need financial education before leaving the facilities, providing comprehensive counseling and employment linkage, and conducting on-site financial education at child welfare facilities nationwide.
The Korea Inclusive Finance Agency will provide education on proper consumption, saving, and credit management, such as the rational use of support funds like self-reliance allowances and salary management for young adults entering society. They will also produce video content on preventing financial fraud, which will be continuously available through the online portals of both organizations.
Additionally, to make finance easy and fun to approach, they plan to visit 241 child welfare facilities nationwide to conduct experiential financial education using board game teaching aids.
Lee Gye-moon, president of the Korea Inclusive Finance Agency, said, “The information gained through financial education, such as income management through proper consumption and saving and prevention of financial fraud, will greatly help children aging out of care to settle stably in society and become independent. We hope that this business agreement will help young people about to enter society increase their financial literacy through customized financial education and build the strength for a reasonable financial life in the future.”
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