Samsung's 'Talent First' Symbol SSAFY Partners with NH Nonghyup Bank Following Four Major Banks

2.5 Billion Fund Raised... Fintech SW Talent Development
5 Banks Launch 'Financial Special Zone' at Job Fair

Following its collaboration with the four major banks, Samsung is partnering with NH Nonghyup Bank to nurture fintech software (SW) talent. Samsung is establishing a fund worth 2.5 billion KRW to support its key corporate social responsibility (CSR) initiative, the Samsung Software Academy For Youth (SSAFY), and will strengthen fintech SW training courses.

On the 12th, Samsung announced that it signed a "Youth Employment Competitiveness Enhancement and Digital Talent Development Business Agreement" with NH Nonghyup Bank at the SSAFY Seoul Campus in Gangnam-gu, Seoul. Attendees at the signing ceremony included Lee Seok-yong, President of NH Nonghyup Bank; Lee Hun-gyu, Chairman of the Children and Future Foundation; Park Seung-hee, President of Samsung Electronics CR; and Jung Seok-mok, CEO of Multicampus. The bank president stated, "I hope this agreement becomes a model of exemplary corporate collaboration to solve social challenges," adding, "NH Nonghyup Bank will continue to cooperate with SSAFY to strengthen youth employment competitiveness and contribute to job creation."

Following the four major banks?Shinhan, KB Kookmin, Hana, and Woori Banks?which signed agreements with SSAFY in June, NH Nonghyup Bank has now joined. The five banks will each contribute 500 million KRW, creating a 2.5 billion KRW fund that will be donated to SSAFY through the cooperating NGO, the Children and Future Foundation. Samsung anticipates that SSAFY trainees will receive broader financial sector specialized education and employment support opportunities, while banks will secure talent, creating a "win-win virtuous cycle."

Participants are taking a commemorative photo at the signing ceremony of the 'Samsung Youth SW Academy Business Agreement' held on June 26 at SSAFY Seoul Campus in Gangnam-gu, Seoul.
From the left: Lee Won-duk, Woori Bank President; Lee Jae-geun, KB Kookmin Bank President; Park Hak-gyu, Samsung Electronics President; Jung Sang-hyuk, Shinhan Bank President; Lee Seung-yeol, Hana Bank President; Lee Hoon-kyu, Chairman of the Children and Future Foundation.
[Photo by Yonhap News]

Since July, SSAFY has been operating training courses involving the four major banks. In the first semester, trainees receive basic SW education. NH Nonghyup Bank will also participate in the remaining first semester (second half of the year) training courses. In the second semester, a fintech basic SW project will be conducted. Bank employees will participate as mentors, providing hands-on SW development experience. In the future, a job fair will be held, and a "Financial Specialization Pavilion" will be established to conduct mock interviews and recruitment consultations.

SSAFY, which has been operating since 2018, aims to cultivate top-tier talent who can freely handle SW immediately upon employment and to expand the domestic SW ecosystem base. It runs twice a year, accepting 1,150 trainees per session. Trainees receive 1,600 hours of instruction over one year, studying eight hours daily. The education is free of charge, and all trainees receive a monthly education support stipend of 1 million KRW.

The number of SSAFY graduates employed in the financial sector is increasing. Among the first cohort, 33 graduates joined financial institutions. By the seventh cohort, this number rose to 153. To date, 806 graduates have successfully found employment in financial institutions. Including non-financial sectors, about 4,000 graduates have secured jobs. They are active in over 1,000 domestic and international companies, including the five major banks as well as Naver, Kakao, Hyundai Mobis, SK C&C, LG Electronics, KT, Shinsegae I&C, and Kurly.

Samsung stated that even before operating SSAFY, it has been striving to expand the national SW ecosystem base. Starting in 1991 with the university student discovery and nurturing program "SW Membership," it introduced the "SW job category" in the 2011 new graduate recruitment process, launched the "Samsung Convergence Software Academy (SCSA)" for humanities graduates in 2013, and has operated the "Samsung Junior SW Academy" for elementary and middle school students.

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