Jeonnam Provincial Office of Education Signs MOU with NongHyup Bank for Student Education Allowance

Jeonnam Provincial Office of Education and NongHyup Bank held a business agreement ceremony on the 7th at the main office's business room for the operation project of the Jeonnam Student Education Allowance Voucher Card (Jeonnam Dream Realization Symbiosis Card).

The agreement ceremony was held to establish a system for the safe and convenient operation of the Jeonnam Student Education Allowance.

Both organizations promised to cooperate in improving students' educational welfare and regional development through the Jeonnam Student Education Allowance, and to continuously seek cooperation plans so that this project can contribute to revitalizing local consumption and building educational infrastructure.

Jeonnam Provincial Office of Education and NongHyup Bank held a business agreement ceremony for the Student Education Allowance Voucher Card project. Photo by Jeonnam Provincial Office of Education

The Student Education Allowance plans to complete the system construction necessary for allowance payment by the 20th of this month, and provide services so that voucher card points can be paid and used monthly after the 20th of next month.

NongHyup Bank will be responsible for tasks such as the production and issuance of voucher cards, as well as the development and operation of the payment management system. Additionally, it will support financial and economic education for students utilizing the Student Education Allowance.

Kim Dae-jung, Superintendent of Jeonnam Education, stated, “Through the Jeonnam Student Education Allowance, we will strive to reduce the economic burden on parents due to student education and create a better environment for education,” and promised, “Both organizations will join hands to provide more educational support and benefits.”

Starting from March, the Jeonnam Provincial Office of Education will provide 100,000 KRW per student monthly to elementary school students enrolled in 16 counties of Jeonnam (excluding Muan County), and 50,000 KRW per student monthly to elementary school students enrolled in 5 city areas and Muan County.

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