FSS to strengthen finance education for NK refugees

Monetary Supervisory Service Gov. Lee Bok-hyun / Yonhap

The Financial Supervisory Service (FSS) signed a memorandum of understanding with North Korean refugee assist facilities, faculties and educational institutes to strengthen finance schooling for defectors, the monetary watchdog stated Thursday.

Amongst them are Hanawon, or the settlement assist middle for North Korean refugees, Hangyeore Excessive Faculty, a government-funded faculty for North Korean refugees adjusting to life in Korea and the Heart for Tradition of Unification Research.

The partnership comes as requires enhanced monetary schooling for North Korean defectors develop as they face challenges with monetary literacy and providers.

Hanawon will improve the variety of monetary schooling classes.

Simplified monetary textbooks will probably be supplied, together with leaflets to assist them higher perceive monetary ideas.

Included will probably be explanations of monetary terminology and schooling on fraud.

Members will probably be educated about voice phishing, investment scams, illegal loan offerings and online gambling.

Monetary consultants will run workshops along with common programs.

FSS Gov. Lee Bok-hyun stated monetary schooling was essential for North Korean refugees who typically battle to completely combine into South Korean society.

Lee stated, “I’m pleased that the partnership will assist a larger variety of younger North Koreans with their long-term monetary well-being by way of early schooling.”