[Weekly Savings Banks] Industry Leading the Way in Fostering Dream Trees

[Asia Economy Reporter Kim Min-young] The savings bank industry is actively fulfilling its role as a financial institution for the common people through various social contribution activities. In particular, they are fostering young talents in diverse fields such as scholarship programs, support for educational equipment, and talent sharing.

◆ OK Savings Bank’s Active Scholarship Programs for Young Talents from Various Domestic and Overseas Backgrounds

OK Savings Bank, together with its affiliate OK Financial Group, is focusing on scholarship programs for students from various domestic and overseas backgrounds through the OK Baejeong Scholarship Foundation.

As of December last year, the OK Baejeong Scholarship Foundation had about 6,500 scholarship recipients and had disbursed approximately 16 billion KRW in total scholarships.

They support not only domestic and international university students but also elementary, middle, and high school students, as well as sports scholarship students.

The OK Living Scholarship system is a unique scholarship program that provides living expenses scholarships of up to 2 million KRW per month to domestic university (graduate) students who have excellent academic performance but face financial difficulties.

◆ Welcome Savings Bank Receives ‘Financial Supervisory Service Commissioner Award’ for ‘One Company One School’ Education

Welcome Savings Bank provides financial education to young talents through the ‘One Company One School’ financial education program.

In February, an employee of Welcome Savings Bank’s Financial Consumer Protection Team was selected for the ‘2019 Best Cases of One Company One School Financial Education’ jointly conducted by the Financial Supervisory Service and six financial associations, winning the Financial Supervisory Service Commissioner Award. Additionally, Kim Sung-sam, a teacher at Suwon Seonil Elementary School who conducted the One Company One School financial education in partnership with Welcome Savings Bank, was selected as an outstanding teacher and received the Chairman’s Award from the Korea Federation of Savings Banks.

The One Company One School financial education program is a program where financial companies paired with schools provide various financial education programs to elementary, middle, and high school students nationwide.

Every year, the Financial Supervisory Service holds an awards ceremony to recognize financial institution employees and teachers from partner schools who are exemplary cases in the One Company One School financial education program.

◆ JT Savings Bank Donates Funds to Purchase Educational Equipment such as Desks and Chairs for Children at Child Centers

JT Savings Bank is also continuing its efforts to support underprivileged young talents such as children at child centers.

Last month, JT Savings Bank donated funds to purchase desks and chairs to Shinheung Regional Child Center in Seongnam City, Gyeonggi Province, to create a comfortable living environment for children.

This donation was made to improve the aging internal facilities of Shinheung Regional Child Center, with which they have had a relationship since 2015, and to continue the significance of the ‘Child Rights Protection Day (DAY)’ program that was conducted for two consecutive years until last year.

This year, considering the COVID-19 situation, the donation of desks and chairs was made instead of playing with the children at the center.

A savings bank official said, “Savings banks, which operate based on local communities and the common people, are actively carrying out social contribution activities to faithfully fulfill their original roles. In particular, fostering young talents, who are the future leaders, will greatly contribute to social development in the future.”

This content was produced with the assistance of AI translation services.