Go Seung-beom "Supporting the Realization of Creative Private Sector Ideas Related to Youth"

'Geumyung Youth Forum' Creates a Platform for Communication with Youth
Enhancing Youth Financial Policies through the 'Youth Financial Contest'

Financial Services Commission Chairman Ko Seung-beom attended the 'Financial Youth Forum,' encouraging the creation of a platform where young people can discuss financial concerns and share necessary information, and urging active participation from the youth.

[Asia Economy Reporter Kwangho Lee] Go Seung-beom, Chairman of the Financial Services Commission, stated, "We will support the realization of creative financial ideas from the private sector and youth."

According to the Financial Services Commission on the 21st, Chairman Go attended the 'Financial Youth Forum' held on the 19th at the Hoam Faculty House Maronie Hall of Seoul National University, saying, "Youth have a significant influence on our financial market and financial policies and will lead the future development of finance."

The Financial Youth Forum is a platform for youth from various fields to freely express their opinions and share ideas with the financial and economic sectors, fostering participation and communication.

Attendees at the event included Chairman Go, Kim Kwang-soo, Chairman of the Korea Federation of Banks, Sung In-mo, Executive Director of the Korea Financial Investment Association, Byun Young-han, Chairman of the Fintech Support Center, and Park Sung-min, Youth Secretary.

In Session 1, held under the theme "Youth to Finance, Finance to Youth," forum members expressed that many young people feel alienated and lose hope due to the rapid rise in asset prices, experiencing relative deprivation. They suggested that rather than simple loan support, comprehensive assistance across various fields, including job creation, is necessary to help youth secure stable income.

In Session 2, titled "Presentation of Youth Finance Research Results," opinions were raised that specialized financial services tailored to youth are needed to make youth finance more productive and inclusive.

Additionally, regarding the recently expanded stock investments by those in their 20s and 30s, it was noted that their portfolios have a high proportion of small and mid-cap stocks and low diversification, indicating high risk and inefficiency. Therefore, continuous education for young investors and expanded use of indirect investment methods were suggested.

Chairman Go emphasized, "We will actively strive to enhance youth participation and communication." He added, "Through the Youth Financial Contest, consumers can directly propose the financial products and services they need, and excellent cases from all financial sectors that are selling (or planning to sell) financial products to the youth will be shared. We expect that young people will use the financial products and services they need most, rather than rigid products and services."

The Financial Services Commission plans to further develop youth financial policies and improve products and services through the continuous operation of the 'Geumbalsim Youth Division' and the Youth Financial Contest.

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