KakaoBank Conducts Financial Fraud Prevention Education for 1,000 Seniors

On-site Education for Senior Centers in the Seoul Metropolitan Area with the Senior Financial Education Council Until October
Financial Fraud Types Such as Voice Phishing and SMS Smishing and Prevention Methods Adapted into a Play... Expected to Help Prevent Financial Fraud

KakaoBank, in collaboration with the Senior Financial Education Council, a non-profit organization under the Financial Services Commission, is conducting financial fraud prevention education for the elderly. This program is organized by the Senior Financial Education Council, with KakaoBank participating as a sponsor.

Since last year, KakaoBank has been working with the Senior Financial Education Council to provide educational programs for elderly customers, who are relatively more vulnerable to financial fraud. This year, the program will feature an adaptation of the popular classic play "Chunhyangjeon" to introduce increasingly sophisticated types of financial fraud, such as voice phishing and SMS smishing, along with prevention methods. Through this initiative, KakaoBank expects to help prevent financial incidents and losses among the elderly.

This educational program will be conducted at 10 senior welfare institutions located in the Seoul metropolitan area, targeting 1,000 seniors aged 65 and older. Starting with the first session at the Gajwa Senior Culture Center in Seo-gu, Incheon on June 18, the program will continue until October.

Employees from KakaoBank's financial fraud response team, consumer protection team, and anti-money laundering team have participated in a variety of prevention education initiatives. These have included programs for high school students on preventing secondhand transaction scams and voice phishing, as well as financial literacy and fraud prevention education for young adults in their 20s preparing for independence.

KakaoBank stated, "This educational program has been designed as a play incorporating songs and dances based on real-life financial fraud cases and prevention methods, making it easy for senior customers to understand." The company added, "We will continue to introduce KakaoBank's unique and differentiated services to foster a safer financial ecosystem, while also maintaining our efforts to support financially vulnerable groups."