Jeonnam Office of Education and NH Nonghyup Bank Join Hands to Operate Student Education Allowance

Cooperation on Voucher Card Usage and Customized Education for Students

The Jeonnam Provincial Office of Education announced on the 4th that it had signed a business agreement with the Jeonnam branch of NH Nonghyup Bank at the main office's business room for the operation of the 'Jeonnam Student Education Allowance Voucher Card' project.

This agreement was established to efficiently operate the Jeonnam Student Education Allowance, which is the nation's first educational basic income initiative, and to promote economic and financial education for students. The two organizations agreed to cooperate on expanding voucher card usage, managing affiliated merchants, supporting customized financial and economic education for students, producing and supplying voucher cards, and developing and managing the operating system.

The Student Education Allowance is a core policy of the Jeonnam Office of Education that applies the nation's first educational basic income concept. Since March of last year, it has provided 50,000 to 100,000 KRW per month to elementary students in the province, and starting this March, the support will be expanded to 100,000 KRW per month for all elementary students. The two organizations plan to continue cooperating to ensure the stable operation of the Student Education Allowance and to expand student-centered financial and economic education.

Ryu Jongpil, head of the Jeonnam branch of NH Nonghyup Bank, stated, "We will leverage NH Nonghyup Bank's financial expertise and network to stably support the operation of the voucher card, and will actively cooperate to strengthen students' self-reliance capabilities through financial and economic education."

Kim Daejung, Superintendent of Education, said, "The Jeonnam Student Education Allowance is an important policy that goes beyond simple financial support to provide opportunities for students to realize their dreams," and added, "We will actively support students in developing economic self-reliance and forming self-directed habits."

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