Gwangju Bank Launches Financial Transaction Fraud Prevention Campaign for International Students

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank recently announced on the 19th that it conducted a campaign to prevent financial transaction damages for foreign students together with the Gwangju Bukbu Police Station at the Language Education Center of Chonnam National University.

With about 1,500 foreign students enrolled at Chonnam National University, and with the new semester underway, illegal foreign exchange transactions and voice phishing targeting foreign students have been rampant, leading to an increase in reports of telecommunication financial fraud accounts and suspension of bank accounts.

In particular, foreign students whose accounts have been suspended due to involvement in voice phishing request consultations from school officials and the police station, but smooth consultations are difficult due to a lack of understanding of damage relief refund procedures and financial terminology.

Accordingly, Gwangju Bank and the Gwangju Bukbu Police Station produced financial transaction damage prevention guides in Korean, English, and Chinese versions, distributed them to foreign students, explained financial transaction precautions in foreign languages, raised awareness of the seriousness of illegal foreign exchange transactions and voice phishing crimes, and carried out extensive promotional activities to prevent damages.

The produced guides were placed at all branches including Gwangju Bank’s school institution branches such as Chonnam National University Branch, Chosun University Branch, and Honam University Office, as well as at the Language Education Center and International Cooperation Department of Chonnam National University. After the campaign, Yang Jeong-eun, Head of Financial Consumer Protection at Gwangju Bank, Kim Hong-hwa, Branch Manager of Chonnam National University Branch, and Park So-gang, Sergeant of the Foreign Affairs Division at Gwangju Bukbu Police Station, gathered to hold a meeting seeking practical measures to prevent financial transaction damages.

Yang Jeong-eun, Head of Financial Consumer Protection at Gwangju Bank, said, “We will continuously provide financial education closely related to daily life to financially vulnerable groups such as foreign students and multicultural families who are unfamiliar with Korea’s financial environment and thus easily exposed to illegal financial transactions like voice phishing, as well as elderly customers.” She added, “Furthermore, through strengthening voice phishing prevention activities and monitoring, we will do our best to eradicate financial fraud and take the lead in protecting our customers’ valuable assets.”

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