The Financial Services Commission and the Financial Supervisory Service said on the 16th that they took part in the Organisation for Economic Co-operation and Development (OECD)'s Global Money Week, which runs through the 22nd.
The event is a global campaign organized by the International Network on Financial Education (INFE) under the OECD, which has designated the third week of March as Global Money Week every year since 2012, during which each member country, including Korea, voluntarily carries out financial education campaigns. INFE, launched in 2008 under the OECD's leadership, now has more than 130 member countries and supports the development of financial education policies and the sharing of best practices.
At this event, the financial authorities held a seminar under the theme of "financial counseling for all and finance and economic life." Attendees included Standing Commissioner Ahn Chang-guk of the Financial Services Commission (FSC), the head of the Korea INclusive Finance Agency (KINFA), and the vice deputy governor for people's finance at the Financial Supervisory Service (FSS), among others from related institutions.
The seminar discussed ways to guide proper financial attitudes and behaviors among financial consumers through financial education and to enhance financial well-being through financial counseling. It also reviewed the current operation of the school financial education subject "finance and economic life" and discussed measures to strengthen financial education to improve teenagers' financial literacy.
The Financial Services Commission (FSC) said it is promoting tailored financial education focused on the financial competencies required at each life stage—teenagers, young adults, and older adults—under the "direction for financial education in 2026." In particular, this year it will actively support classes in the school subject "finance and economic life" so teenagers can form proper financial attitudes and awareness, and it plans to promote "financial counseling for all young adults" so young adults can receive financial advice suited to their individual situations.
For older adults, it plans to expand education on retirement asset management and the prevention of financial fraud through on-site financial education. Beginning with this seminar, 28 institutions, including the Financial Supervisory Service, will roll out various programs such as online and offline financial education and quiz events. Financial consumers can take online financial education courses suited to their age and financial situations via the e-Financial Education Center and participating institutions' websites.
They can also take part in experiential programs such as online board games and receive online counseling for financial concerns or financial coaching services. Offline financial education will also be offered, including on-site financial education for teenagers and sessions for various financial consumers such as vulnerable groups and middle-aged and older adults. In addition, events will invite financial consumers to experiential facilities such as the Life Insurance Education and Culture Center and financial experience centers at financial companies to provide on-site experiences and career learning.