KOFIA Receives Seoul Mayor’s Award for ISA-Linked Self-Reliance Support Program for Young Adults

On December 4, the Korea Financial Investment Association received the "Outstanding Partner Organization Award" from the Mayor of Seoul in recognition of its contributions to the "ISA-Linked Self-Reliance Support Program for Young Adults."

This award is a leading social contribution honor presented by the Seoul Metropolitan Government to private companies and organizations that have contributed to the welfare of children and adolescents. It is particularly meaningful as it recognizes the tangible partnership and sponsorship achievements of the financial investment industry and the association.

Since July of this year, eleven securities firms and the association have launched the "ISA-Linked Self-Reliance Support Program for Young Adults," providing 720,000 won in investment principal every month for three years to 72 young participants, along with financial education.

The program is notable for combining asset-building support for young adults entering society, financial education, and financial counseling and career mentoring by securities firm professionals into a single package, all based on the ISA system.

This initiative is regarded as the first investment-based social contribution collaboration model that goes beyond one-off sponsorships, harmonizing the expertise of the financial investment sector with the field experience of private social welfare foundations. There are plans to gradually expand the program by selecting additional young participants each year.

Chairman Seo Yooseok stated, "This is official recognition of a social contribution model that transforms the financial infrastructure of the investment industry into social value," and added, "We will continue to expand ISA-based asset-building support and financial investment education so that young people can start from a more stable position."

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