Eunpyeong-gu Partners With Senior Financial Education Council to Boost Financial Literacy Among Middle-Aged and Older Residents

Seoul's Eunpyeong-gu signed a memorandum of understanding Tuesday with the National Lifelong Learning City Council and the Senior Financial Education Council to promote stable financial lifestyles and protect financial consumers among middle-aged and older adults.

The MOU was drawn up to help middle-aged and older residents build financial competency and guard against financial fraud as digital finance spreads and the financial environment continues to evolve.

Under the agreement, the two organizations will collaborate on education to improve access to digital financial services, asset management education for a stable retirement, fraud prevention and financial consumer protection programs, mutual cooperation on consumer protection, and joint promotion of each organization's projects.

The partnership combines the nationwide network of the National Lifelong Learning City Council — which links 206 lifelong learning cities and 158 district education support offices across the country — with the Senior Financial Education Council's expertise in financial education. The two organizations plan to expand practical, everyday financial education for middle-aged and older adults to communities throughout the country.

The Senior Financial Education Council is a nonprofit incorporated association under the jurisdiction of the Financial Services Commission. It promotes digital finance and fraud prevention education, retirement finance programs, and research into financial consumer protection.

Kim Mi-kyung, Eunpyeong-gu District Mayor and chair of the National Lifelong Learning City Council, said the spread of digital finance has made financial education for middle-aged and older adults increasingly important. "Through this MOU, we will expand practical financial education and support stable financial lifestyles," she said.