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Kwon Daeyoung: "Next Year's Financial Education to Offer Customized Support by Life Stage"

Financial Services Commission Holds 2nd Financial Education Council of 2025

Kwon Daeyoung: "Next Year's Financial Education to Offer Customized Support by Life Stage"

The Financial Services Commission announced that Vice Chairman Kwon Daeyoung held the "2nd Financial Education Council Meeting of 2025" at the Government Complex Seoul in Jongno-gu, Seoul, on December 22, together with officials from related ministries and private sector experts, to discuss the direction for financial education initiatives in the coming year.


Vice Chairman Kwon stated, "The environment is rapidly changing due to aging demographics, digital technological innovation, and the emergence of artificial intelligence (AI) financial services," adding, "Financial education is truly important for citizens to maintain sound and wise financial lives, protect their assets securely, and increase their wealth to prepare for retirement."


He emphasized, "Accordingly, next year's financial education should provide necessary information tailored to each stage of life-youth, working-age adults, and seniors-and support wise financial decision-making."


At the meeting, one agenda item for resolution and two for reporting were presented. The resolution item, "Direction for Financial Education Initiatives in 2026," focused on discussing the key financial education needed according to life cycle and financial environment.


As a result, the Financial Services Commission and related agencies explained that, for children and adolescents, they plan to support financial education institutions in providing high-quality classes in the "Finance and Economic Life" subject by offering teaching materials, educational programs, and financial education training for school teachers.


For young adults, the focus will be on financial crime prevention education to help prevent incidents such as the recent Cambodia case. The curriculum will emphasize the latest types, patterns, and risks of financial crimes that use high-income job offers as bait, as well as response measures in the event of damage and the penalties for participating in financial crimes.


For middle-aged and older adults, customized content will be provided to help them reassess their asset management during mid-life. Education will also cover how to utilize financial products such as pensions to prepare for income disruption after retirement. For parents of minors, guidance will be offered on methods and content for children's financial education at home, as well as measures to protect children from financial crimes.


Finally, for the elderly, financial damage prevention education will be conducted intensively to protect them from financial fraud and accidents that target their vulnerabilities.


Meanwhile, the Financial Supervisory Service reported on the "2025 Financial Education Performance and Delegated Work Implementation Plan," outlining the financial education performance of responsible agencies for this year and their plans for next year. The Ministry of National Defense also announced plans to strengthen financial education for military personnel in cooperation with related ministries and organizations.


© The Asia Business Daily(www.asiae.co.kr). All rights reserved.


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