Financial Supervisory Service and Bank of Korea to Conduct 'National Financial Literacy' Survey by End of October
Measurement of Financial Knowledge and More for Adults Aged 18 to 79
[Asia Economy Reporter Kim Hyo-jin] The Financial Supervisory Service announced on the 17th that, together with the Bank of Korea, it will conduct a "National Financial Literacy Survey" targeting 2,400 households nationwide from the 18th to October 31st.
The purpose of this survey is to measure the financial literacy levels of domestic adults (aged 18 to 79) based on the standards established by the INFE under the Organisation for Economic Co-operation and Development (OECD).
The INFE (International Network on Financial Education) was established in 2008 with the aim of exchanging information between countries on economic and financial education and developing international standards (best practices).
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The survey will be conducted through one-on-one interviews by professional surveyors from Korea Gallup, covering 43 questions related to financial knowledge, financial behavior, and financial attitudes.
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