2024 Korea Global Money Week
GMW NATIONAL COORDINATOR:
- Financial Supervisory Service and Korea Institute of Finance
PARTICIPATING ORGANISATIONS:
- Financial Services Commission, Financial Supervisory Service, Bank of Korea, Korea Inclusive Finance Agency, Credit Counseling and Recovery Service, Korea Institute of Finance, Korea Deposit Insurance Corporation, Korea Housing Finance Corporation, Korea Federation of Banks, Korea Financial Investment Association of Korea, Korea Federation of Saving Banks, Korea Financial Consumer Protection Foundation, Financial Education Council, Senior Financial Education Council, Banks(Shinhan Bank, Nonghyup Bank, Citi Bank, Jeonbuk Bank), 119 elementary schools and 3 Universities(Hankuk university of Foreign Study, Soongsil University, JEI University)
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 142
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 6 044
NUMBER OF ADULTS REACHED DIRECTLY:
- 5 760
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 197 504
During GMW, Korea organised a seminar with the objective of enhancing the financial literacy of financial consumers, including children, teenagers, and seniors. Government officials and experts participated in making this seminar a success. To promote these events, a GMW web page (www.fss.or.kr/GMW) was created and participating organisations distributed press releases to the media.
Various events and educational activities were held throughout the week to enhance the effectiveness of the campaign by combining online and offline activities. More than 13,000 people participated in the GMW events, which served as an opportunity to raise the overall level of society's awareness of the importance of financial education.
2023 Korea Global Money Week
GMW NATIONAL COORDINATOR:
- Korea Institute of Finance
PARTICIPATING ORGANISATIONS:
- Financial Services Commission, Financial Supervisory Service, Bank of Korea, Korea Inclusive Finance Agency, Credit Counseling and Recovery Service, Korea Institute of Finance, Korea Federation of Banks, Korea Financial Investment Association, Korea Life Insurance Association, General Insurance Association of Korea, The Credit Finance Association, Korea Federation of Saving Banks, Korea Financial Consumer Protection Foundation, Financial Education Council, Senior Financial Education Council, Banks(Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Nonghyup Bank), 80 elementary schools and 4 Universities(Inha Univ., Hankuk univercity of Foreign Study(HUFS), Pohang University of Science and Technology(POSTEC), Dongkuk Univ.
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 104
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 3 387
NUMBER OF ADULTS REACHED DIRECTLY:
- 10 823
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 169 247
During the GMW in Korea, sereral activities were organised. For example, seminars involving government officials and experts provided customised and hands-on financial education tips to financial consumers, including children, teenagers, and seniors. To promote these events, a GMW web page (www.fss.or.kr/GMW) was created. In addition, promotional booths were set up to promote the campaign, experiential programmes of institutions which consisted of promotional booths or visits to the currency museums, online trainings and events (for example, by financial investment professionals) and offline training, such as financial education lessons for elementary school students, special lectures on career exploration for college students, and offline education for vulnerable groups such as those with developmental disability and seniors. More than 14,000 people participated in the GMW.
2022 Korea Global Money Week
GMW NATIONAL COORDINATOR:
- Korean Financial Supervisory Service
PARTICIPATING ORGANISATIONS:
- Financial Services Commission, Bank of Korea, Korea Inclusive Finance Agency, Credit Counselling and Recovery Service, Korea Federation of Banks, Korea Financial Investment Association, Korea Council for Investor Education, Korea Financial Consumer Protection Foundation, Financial Education Council, Senior Financial Education Council, Korea Institute of Finance, Korea Money and Finance Association, The Korean Economic Association, Korea Economic Education Association , Korean Academy of Financial Consumers, Seong-Am elementary school, Jong-Am elementary school, Yack-Mock elementary school, Yeoung-Moon elementary school, Yoen-Ga elementary school, Bong-gok elementary school, Whang-ji centre elementary school, Hanyang Univ., Hankuk university of Foreign Study(HUFS), Pohang University of Science and Technology(POSTEC), Dongkuk Univ., Self-directed Financial Asset Management Research
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 29
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 6,360
NUMBER OF ADULTS REACHED DIRECTLY:
- 1,217
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 2,222
During Global Money Week 2022, a seminar was held to promote financial education with the participation of government officials and experts. A diverse range of hands-on financial education programmes were made available to consumers, including children, teenagers, and seniors. This helped them to better understand financial education and acquire financial knowledge and necessary attitudes. A dedicated GMW webpage www.fss.or.kr/GMW was created to distribute information about participating organisations and publish press releases to the media.
First, a seminar to promote financial education was held at the opening ceremony of the GMW on March 21. About 30 people, including government officials, private-sector experts, and education professionals participated to discuss the current status of financial education and future tasks. The video clip of this seminar was posted on the financial education website (E-Financial Education Centre) for the public.
In addition, financial education programmes were classified into four categories in consideration of age and characteristics so that all people from students to seniors could participate. In detail, 12 customised financial education programmes were provided.
The four categories included:
- (Pre-diagnosis) The programme that allowed people to test their level of financial knowledge, investment appetite, and vulnerability to financial fraud online and take necessary online education courses; /li>
- (Children/Teenagers) The hands-on education programme that helped students learn finance easily and raise parents’ awareness of financial education; /li>
- (Adults) The programme in which financial investment experts gave lectures on financial management and future asset management methods to office employees in the evening time after work; /li>
- (Education in collaboration) Financial education programmes that enabled students to explore future career opportunities in collaboration with elementary schools and universities, as well as some customised education initiatives for people with developmental challenges in collaboration with welfare centres; /li>
More than 7,000 people participated in GMW in Korea, which served as an opportunity to raise the overall awareness on the importance of financial education.
2021 Korea Global Money Week
GMW NATIONAL COORDINATOR:
- Korea Institute of Finance
PARTICIPATING ORGANISATIONS:
- SeongAm elementary school, BongGok elementary school, Finance and Happiness Network, Incheon University, Korea Economics Education Association, Korea Economic Association's Economics Education Council, Korea Financial Education Council, Financial Education Council for Children and Youth, Senior Financial Education Council, Korea Institute of Finance
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 10
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 70
NUMBER OF ADULTS REACHED DIRECTLY:
- 20
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 90
Throughout Global Money Week 2021, two elementary schools, one university, three NGOs, and academic association reached almost 100 children and youth through online and offline activities such as lectures and conferencing. During GMW2021, financial literacy awareness sessions were offered to children, youth and adults, mostly through digital means. This included sessions for better financial habits and decision makings, anti-financial frauds, understanding financial life-cycles. High-level discussions, seminars, and other educational sessions were organised by economics and financial education associations. Furthermore, university students had the opportunity to participate in online in-depth discussions about financial products, trades, risks and frauds in financial markets.
2017 Korea Global Money Week
LEADING ORGANISATION:
PARTICIPATING ORGANISATIONS:
- BAIKYANG elementary school
- HAANBUK elementary school
NUMBER OF CHILDREN REACHED DIRECTLY:
- 143
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 200
The Korea Securities Depository (KSD) celebrated Global Money Week again this year by focusing on 2 child centers in Seoul. The KSD has partnered with BAIKYANG and HAANBUK Elementary Schools in order to promote child financial awareness and help children learn the value of savings.
This was accomplished by organising sessions with 10 teachers, who taught and held classroom sessions, workshops, and games with 143 children about how to manage their pocket money, informed them about financial institutions, and created a fun environment for children to learn about financial concepts.
The KSD has supported the teachers by providing them training and materials that could be easily understood by children. The children have also been given the opportunity to visit the Korea Securities Depository Museum, which provided children with the opportunity to learn more about the history of money, as well as to interact with games and visuals that taught them about finance.
2016 Korea Global Money Week
LEADING ORGANISATION:
PARTICIPATING ORGANISATIONS:
- Kidsky Childcare center
- Eruda School
DATE OF THE EVENT:
- 14th - 21st of March
TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:
- 450
The Korea Securities Depository took the lead in celebrating GMW2016 in the country this year. The Korea Securities Depository partnered with the Haneul Child Care Centers and the Lrada School in Goyang to reach children for their celebrations throughout the Week.
As part of their GMW celebrations, the Korea Securities Depository organised multiple visits for kids to the country's Currency and Securities Museum for them to learn more about the history of the currency of Korea and its importance for them as young people. After the museum visits, the Korea Securities Depository provided their young visitors with classroom sessions on financial education to encourage smart saving behaviour.
Two batches were hosted by the KSD to facilitate this:
- (Kidsky Childcare center): After looking around the museum, children were educated about wise money-spending habits and the presented with the creation of an expense note. This was further facilitated by a board game that KSD foundation has created
- (Eruda School): After looking around the museum, children were educated on how to cultivate wise consumption habits and introduced to the concept of saving through price comparison exercises.
2014 Korea Global Money Week
PARTICIPANTS:
DATE OF THE EVENT:
- 14th - 15th of March
NUMBER OF CHILDREN REACHED:
- 500
Financial Quotient Council (FQC) organised 2 great events focusing on financial education of children and youth:
- FQC trained 40 staff members from a local bank to become financial instructors. These new instructors then visited primary, middle, and high schools in rural areas and taught students lessons on financial education and financial inclusion. The students were all from financially vulnerable families from rural and non-urban areas.
- FQC also organised an experiential finance class for primary school children from the 3rd to 4th grade. Parents of the students also took part in the class. The class focused on topics such as ‘how to manage an allowance’, ‘plan a financial design according to the stages of your life’ and more. The children were then encouraged to put their lessons into practice by playing in a simulated environment called a ‘Financial Village’.