Shinhan Card Supports Financial Independence for Youth Preparing for Self-Reliance with 'Areumin Financial Academy'

Goal to Support Financial Independence for Self-Reliant Youth through Enhanced Financial Literacy Education
On-site Education at Facilities and Online Financial Concerts Conducted Concurrently

[Asia Economy Reporter Yoo Je-hoon] Shinhan Card announced on the 27th that, as part of its Environmental, Social, and Governance (ESG) management activities, it has expanded the target audience of its ongoing financial education to include youth preparing for independence (formerly protected children), and conducted the 'Areumin Financial Academy' program to strengthen financial literacy necessary for financial independence.

Shinhan Card, together with the Seoul Metropolitan Government, Seoul Metropolitan Social Welfare Council, and Seoul Metropolitan Child Welfare Association's Child Independence Support Project Group, identified youth preparing for independence who have turned 18 and need to start living independently from child welfare facilities and foster homes located in Seoul. They developed a customized financial education program and conducted face-to-face education by visiting these facilities. Additionally, following the session in September, online financial concerts were held on the 20th and 27th of this month.

The financial education for youth preparing for independence aims to prevent social and psychological isolation of these youths and improve their daily living skills through educational programs necessary for economic independence, such as 'wise management of independence support funds, the necessity of saving and investing, and proper consumption and credit maintenance.' Shinhan Card plans to expand the target audience to include adolescents in juvenile protection facilities and provide related education in the future.

Meanwhile, Shinhan Card operates a platform that offers customized financial education and related materials tailored to different education targets, including financial education on finance, consumption, and credit for children and adolescents, life economy education for slow learners, digital financial education for the digitally vulnerable, and education on preventing financial crime victimization. Through this platform, approximately 84,000 people have been educated cumulatively as of the first half of this year.

A Shinhan Card official stated, "We are practicing shared growth management that fulfills social responsibility by supporting financial education aimed at sustainable financial independence for youth preparing for independence," adding, "We plan to expand the education target regions and, in connection with Shinhan Financial Group's ESG strategy, strive to provide financial education for future generations and bridge the digital financial gap for vulnerable groups."

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