Shinhan Bank Wins Financial Supervisory Service Commissioner Award at the 16th Financial Contest

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 25th that it won the Financial Supervisory Service (FSS) Commissioner Award in the Financial Education Excellence Program category at the 16th Financial Contest hosted by the Financial Supervisory Service.

Now in its 16th year, the FSS Financial Contest is an event designed to enhance the public's understanding and interest in finance, promote financial education in schools, and discover excellent cases and programs in financial education.

Shinhan Bank was recognized for establishing an interactive financial education environment through the online financial education program using video conferencing called 'Shinhan Bank Children's Online Bank Exploration' and the 'Meta Financial Story Shinhan Solbus' utilizing a metaverse platform, even amid the COVID-19 situation, earning the FSS Commissioner Award.

'Shinhan Bank Children's Online Bank Exploration' is a program that provides financial education through a video conferencing system targeting young children and elementary students who have fewer opportunities for face-to-face education due to COVID-19. Since its launch in 2020, over 6,000 students have participated in 96 sessions, receiving great responses.

'Meta Financial Story Shinhan Solbus' is a program on a metaverse platform where participants use avatars to learn financial knowledge by solving quizzes such as the necessity of savings, investment stories, and OX quizzes, while experiencing the metaverse.

Since 2012, Shinhan Bank has been conducting financial education programs as a representative social contribution activity leveraging its core banking business. It offers various financial education programs by age and region, such as the Shinhan Children's Financial Experience Classroom conducted in an environment identical to bank branches, and the Visiting Financial Experience Classroom for students in remote areas with limited banking experience. Up to last year, a total of approximately 288,000 students have participated, establishing it as the premier financial education program in the financial sector.

Additionally, in December, Shinhan Bank plans to open a financial education center at 'Shinhan Xpace,' its digital research and development (R&D) and financial education complex located in Myeongdong, Seoul. The center will provide innovative financial education programs utilizing digital technologies such as metaverse, AR (augmented reality), and VR (virtual reality), and will serve as a key offline facility for Shinhan Financial Group’s integrated financial education platform.

A Shinhan Bank official stated, "We will continue to systematize and expand financial education programs by generation and provide sincere financial education to those in need."

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