Seoul City Conducts Economic Education Including Voice Phishing Prevention for Single-Person Households

Operated by 19 District Single-Person Household Support Centers

[Asia Economy Reporter Kiho Sung] Seoul City announced on the 21st that the representative economic education program for single-person households, ‘Singgeulbenggeul Economic Education,’ which is responsible for securing living expenses and preparing for old age for single-person households, will start in March this year.

According to the Seoul City Single-Person Household Survey released in May last year, 69.3% of single-person households in Seoul fall below 100% of the median income, with lower average monthly income and greater debt repayment burdens compared to multi-person households.

Reflecting the economic vulnerability and needs of these single-person households, Seoul City expanded the number of education participants by 56% based on one year of economic education know-how and strengthened the education curriculum.

This year’s financial management education will add generation- and level-specific courses to the existing generation-specific curriculum to improve lecture satisfaction, and 1:1 comprehensive financial planning consultations will be selected as a mandatory subject to enhance the quality of education.

In particular, this financial education newly includes training to respond to telephone financial fraud (voice phishing, smishing, etc.) targeting young single-person households in their 20s and 30s who lack financial knowledge as social newcomers, or middle-aged single-person households who are weak to digital trends, in line with current economic issues.

Debt management education will be conducted for single-person households of all ages who need to escape from malignant debt and revolving credit card debt, and upon separate request, 1:1 consulting with counselors from the Financial Welfare Counseling Center or linkage support to legal professional institutions is available.

Seoul City plans to provide high-quality educational services by inviting professional financial instructors through collaboration with the National Pension Service (Seoul Northern Regional Headquarters) and the Seoul Financial Welfare Counseling Center, and this year plans to diversify collaborating institutions for richer educational content.

Meanwhile, Singgeulbenggeul Economic Education will be conducted at single-person household support centers in a total of 19 autonomous districts. The annual education schedule can be checked from March on the single-person household website and the autonomous district single-person household support center websites, and single-person households wishing to participate can apply (by phone or visit) through each autonomous district single-person household center according to the schedule.

Kim Seonsun, Director of the Seoul City Women and Family Policy Office, said, “According to the Seoul City survey, young single-person households are social newcomers with low income and assets, and middle-aged single-person households bear the burden of supporting their original families, so the economic burden borne alone by single-person households is significant,” adding, “We will continue to support resolving economic anxiety and enabling healthy financial planning for single-person households through effective economic education tailored to life cycles.”

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