Financial Supervisory Service and Subangsa Join Hands to Support Financial Education for Military Personnel

The Financial Supervisory Service (FSS) announced on the 30th that it has signed a Memorandum of Understanding (MOU) with the Capital Defense Command to promote financial education for military personnel.

Through this MOU, the two organizations agreed to cooperate organically to activate financial education for military personnel and their families. The FSS plans to strengthen customized education focused on frequently occurring damage cases among MZ generation (Millennials + Generation Z) military personnel, such as illegal cyber gambling and virtual asset investment fraud, targeting soldiers and junior officers under the Capital Defense Command using its own financial education programs.

Additionally, to expand the spread of military-led financial education, the FSS plans to increase training sessions for financial education instructors targeting personnel and finance officers responsible for frontline military financial education.

The scope of financial education will be expanded to include military families, providing equal financial education opportunities to military families who have limited access to such education compared to other occupational groups due to remote postings.

Lee Bok-hyun, Governor of the FSS, stated, “With the recent increase in military personnel’s salary levels and growing interest in financial investment, the need for financial education during military service has become even more emphasized. I am very pleased that this MOU will enhance the effectiveness of financial education through customized lectures tailored to topics of interest to MZ generation military personnel.”

Lee Jin-woo, Commander of the Capital Defense Command, said, “Providing high-quality financial education to military personnel who are taking their first steps into society through military service is essential. This MOU is meaningful as it offers customized financial education reflecting the diverse interests of military personnel, such as virtual assets, which are difficult to understand easily, allowing them to experience practical financial welfare. It is necessary to continue developing this agreement into a mutually sustainable partnership.”