Toss and Seoul Global Center Launch Comprehensive Financial Fraud Prevention Education for Foreigners

Case-Based Education on High-Paying Job Scams and More
Approximately 100 International Students Participated

Toss announced on April 27 that it held a financial education session for international students at Seoul Women's University in collaboration with the Seoul Global Center.

Munchang Yeop, Manager of External Cooperation at Toss, is conducting financial education. Toss

This training was the first collaborative program initiated at the suggestion of the Seoul Global Center, a comprehensive support institution for foreigners under the Seoul Metropolitan Government. As part of the "Seoul Life Orientation," the special lecture focused on preventing financial fraud and practicing safe financial habits. Approximately 100 international students participated in the session.

The program was structured around major types of financial scams targeting foreigners. It explained criminal tactics and approaches such as currency exchange and tuition fraud, voice phishing scams impersonating immigration authorities, and high-paying part-time job scams involving bank account rental and proxy purchases. The session also provided guidance on how to respond if victimized, including how to request payment suspension and the reporting procedures.

Additionally, the session introduced ways for students to safely use financial services frequently utilized by international students, such as currency exchange and international remittance.

This marks the first time Toss has formally expanded its financial education programs to include foreigners. Previously, Toss provided education to financially marginalized groups such as individuals with borderline intellectual functioning, the visually impaired, youth from areas facing population decline, and young adults preparing for independence. Through this program, the company has broadened its target audience to include foreigners.

Including this offline session, Toss plans to further expand its support for foreigners in financial education through various approaches. For example, via its content platform "Toss Feed," the company is offering foreigner-focused content such as "10 Korea Life Hacks," which reflects the real-life context of foreigners residing in Korea. Topics include visa extension, national health insurance and hospital bill reimbursements, and tax filing—all essential aspects of daily life.

Toss's expansion of educational programs for foreigners is an extension of its ongoing business strategy to enhance the financial environment for foreign users. Since 2021, Toss has operated a multilingual support team and has advanced its authentication structures and sign-up processes. The company has broadened its services beyond remittance, asset management, and certificate issuance to now include financial education.

A Toss representative stated, "Foreign users have lower access to financial information and can be more easily exposed to fraud risk. We will continue to organically link our services, education, and content to enhance both financial accessibility and safety for foreigners."

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