The Financial Supervisory Service Hosts the 17th Nationwide Financial Contest for All Citizens

[Asia Economy Reporter Song Hwajeong] The Financial Supervisory Service (FSS) announced on the 12th that it will hold the "17th Financial Contest" from June 13 to September 16.

The FSS has been hosting the financial contest since 2006 in collaboration with the Ministry of Education, 17 metropolitan and provincial offices of education nationwide, and six financial associations (Korea Federation of Banks, Korea Financial Investment Association, Korea Life Insurance Association, Korea Non-Life Insurance Association, Korea Credit Finance Association, and Korea Federation of Savings Banks) to spread awareness of the importance of finance and financial education and to activate financial education in schools. Anyone interested in finance and financial education can participate.

The contest categories this year include ▲Youth Financial Creative Works ▲University Student Financial Contest ▲Adult Financial Contest ▲Outstanding Financial Education Programs (Institutions), totaling four divisions. Participants can freely express topics related to finance, such as the importance of finance experienced through daily financial transactions, changes in financial life following the enforcement of the Financial Consumer Protection Act (FCPA), or submit new ideas for improving financial consumer protection or changing financial systems and practices. Applications can be submitted through the FSS Financial Education Center website, and works can be submitted via the website or email.

After evaluation by a judging panel composed of external financial education experts, a total of 175 winners (150 individuals and 25 groups) will be selected across the four categories. Winners will receive awards from the heads of institutions such as the FSS Commissioner, Minister of Education, Metropolitan and Provincial Offices of Education, and heads of each financial association, along with a monetary prize (including goods).

An FSS official said, "We ask for active interest and participation from youth, university students, adults, teachers, and schools nationwide," adding, "Outstanding works and programs selected through the contest will be made public to the entire nation and actively utilized in financial education."

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