The Financial Supervisory Service said on Nov. 24 that it has designated this week (Nov. 24–28) as "World Investor Week" and will hold events for investor protection and education.
World Investor Week is a global campaign led by the International Organization of Securities Commissions (IOSCO), and member countries including Korea hold investor protection events during a designated week each year.
The main theme of this year's event is "preventing financial fraud such as illegal activities in stock-tipping chat rooms," and a variety of programs will be offered online and offline. The programs consist of seven in total: four online and three offline.
The Financial Supervisory Service (FSS), together with related organizations such as the Korea Financial Consumer Protection Foundation and the Korea Council for Investor Education, prepared tailored content to prevent financial fraud and to shape a rational investment mindset across all age groups.
First, the Financial Supervisory Service (FSS) will air a YouTube video on "preventing financial fraud such as illegal activities in stock-tipping chat rooms." An employee from the FSS Capital Markets Examination Department 2 will appear in the video to explain types of illegal activities in such chat rooms and precautions for consumers.
The Korea Financial Consumer Protection Foundation will provide a self-assessment opportunity for susceptibility to financial fraud, and an online quiz to gauge basic knowledge of digital finance will also be held.
In addition, the World Investor Week website will host an FSS e-learning corner to provide online learning content for elementary, middle, and high school students, including "saving and investing" and "preparing thoroughly for risks."
The Korea Council for Investor Education will conduct an on-site education session on the 26th at a welfare center in Yeongdeungpo District to prevent financial fraud targeting middle-aged and older adults, who have seen a recent rise in victimization.
The council also plans to offer offline programs by visiting schools for a musical performance for teenagers and hands-on financial education for children.
An official at the Financial Supervisory Service (FSS) said, "We expect that the programs operated during World Investor Week will provide an opportunity to acquire financial knowledge and precautions on financial fraud to respond to the rapidly changing financial environment, including digitalization."