Financial Supervisory Service: "Youth Financial Textbooks Will Be Easier and More Fun"

A Malpan board game included in educational materials used for financial education. Photo by Financial Supervisory Service

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[Asia Economy Reporter Song Seung-seop] The Financial Supervisory Service (FSS) is revising the textbooks and guides used for youth financial education for the first time in over a decade. This update aims to enhance the effectiveness of learning by reflecting the changed financial environment, including the development of digital finance and the introduction of the Financial Consumer Protection Act.

According to the FSS on the 17th, the new revised edition was authored by the Korea Financial Education Association, a professional organization specializing in financial education. It underwent review by appointed review committee members from the authoring institution, FSS financial education professors, and practitioners.

The standard textbook for students is designed as an active learning process that can be easily utilized in creative experiential activities. The focus is on providing a variety of activity-based learning opportunities to make financial knowledge fun and easy to learn. A stage for students to self-assess their learned content is also included.

The structure consists of five main units: finance and decision-making, income and expenditure management, savings and investment, credit and debt management, and insurance and retirement planning. These are divided into 17 to 18 detailed topics, organized into a system suitable for semester-based classes.

The teacher’s guide has been reorganized to be easy and convenient for teachers to use. It provides detailed guidance on teaching and learning processes for each activity, enabling teachers to conduct lessons smoothly without separate textbook research or preparation of learning materials.

Notably, new topics such as digital finance due to the spread of non-face-to-face transactions following the Fourth Industrial Revolution, the emergence of various payment methods, the introduction of the Financial Consumer Protection Act, and the credit scoring system have been included. Recent news articles and the latest statistics related to each unit are also incorporated.

The FSS plans to distribute the standard financial education textbooks and teacher’s guides widely to schools and other financial education sites. They will be distributed to financial education institutions, related organizations, and academia, and promoted and guided for use as financial education materials in after-school programs and other settings.

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