Kyobo Life to Support Financial Education for Youth Preparing for Independence through MyData

Kyobo Life Insurance MyData Service Pitch

[Asia Economy Reporter Changhwan Lee] Kyobo Life Insurance announced on the 30th that it will utilize the financial education content of the financial MyData service 'Peach' in the 'Self-Reliant Youth LIFE Financial Education' program.

Kyobo Life Insurance has been conducting the 'Self-Reliant Youth LIFE Financial Education' program since last year in collaboration with the youth network GEOID to support the successful independence and growth of young people who have left orphanages.

As the nation's first practical financial independence education program, it introduces a one-on-one customized financial education system that guides and consults on financial life tailored to real-life situations. Seniors who have completed protection serve as financial mentors for self-reliant youth, guiding them from essential economic habits to asset management necessary for independence.

This year, Kyobo Life Insurance selected 150 self-reliant youth, designed an effective curriculum through economic habit analysis, and is conducting one-on-one mentoring. Those who complete the first phase of education receive 1 million KRW in independence activity funds to help them experience direct investment.

In particular, this year's financial education draws attention by utilizing 'Peach,' the financial MyData service that Kyobo Life Insurance launched in February as the industry's first, as the education platform.

It is easy to use via a mobile app, and enables customized consulting through participant financial information analysis and tendency diagnosis based on big data.

Through Peach, Kyobo Life Insurance checks each young person's financial status and financial style and provides comprehensive education on overall asset management. It has been evaluated as providing participants with an opportunity to lead proactive financial lives through various financial education contents beyond asset management via MyData.

Cha Kyung-sik, head of the Dasomi Support Center at Kyobo Life Insurance, said, "It will be a good opportunity for young people to diagnose their financial style through the MyData service and plan proactive financial lives," adding, "We will continue to help youth grow into healthy members of society through various social contribution activities."

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