[Asia Economy Reporter Kwangho Lee] The Ministry of Economy and Finance, together with the Economic Education Organizations Council, held the '2020 Economic Education Awards' ceremony online on the 15th through live streaming, awarding 25 individuals and organizations with prizes including the Deputy Prime Minister Award, the Economic Education Organizations Council President Award, the Korea Development Institute President Award, and the Economic Four Organizations President Award.


The Economic Education Awards have been promoted since 2018 to boost the morale of individuals and organizations contributing to the development of economic education and to spread exemplary cases, thereby revitalizing economic education.


Marking its third year, the 2020 Economic Education Awards accepted applications from October 8 to November 16 through the Ministry of Economy and Finance’s portal, Economic Learning-e. A judging committee composed of five economic education experts, including Professor Jeongsik Son of Hanyang University, selected the final winners through a first round of document screening and a second round of face-to-face evaluation.


Incheon Sewon High School received the Deputy Prime Minister Award in the school category, and the Credit Recovery Committee received the same award in the institution category.


Sewon High School independently organized economic education curricula by grade level and moved away from theory-centered classes to practical economic education connected with the local community, such as simulated stock investment, receiving great responses from students and demonstrating a model case for the government’s planned economic education curriculum reform.


The Credit Recovery Committee actively responded to the recently changed educational environment by introducing a 24-hour non-face-to-face education system and remote classes, contributing to the activation of economic and financial education.


Additionally, individuals and organizations contributing to the development of economic education received awards such as the Economic Education Organizations Council President Award, the Korea Development Institute President Award, and the Korea Employers Federation, Korea International Trade Association, Korea Chamber of Commerce and Industry, and Korea Federation of SMEs President Awards.


The government plans to publish and distribute a collection of excellent model cases from the awarded institutions and individuals to be used as learning materials for revitalizing economic education.



Deputy Prime Minister Hong Nam-ki encouraged the awardees who have worked hard on economic education despite the COVID-19 situation through a video congratulatory message, citing economic education as one of the reasons for the success of Jews in the global economy. He emphasized that rational decision-making ability through economic education is not only a lifelong intangible asset for individuals but also human capital that can enhance national competitiveness.


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

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