Financial Association Takes Over Relay Challenge to Overcome Low Birthrate

by Jun Youngjoo

Published 29 Dec.2024 12:03(KST)

On the 29th, seven financial associations including the Korea Federation of Banks, Korea Financial Investment Association, Korea Life Insurance Association, Korea Non-Life Insurance Association, Korea Credit Finance Association, Korea Federation of Savings Banks, and Korea Credit Information Services announced that they had carried out the 'Financial Sector Relay Challenge to Overcome the Low Birthrate Crisis' on the 27th at the Bankers' Hall in Jung-gu, Seoul.

This challenge was promoted to spread a family-friendly corporate culture and create a positive social atmosphere regarding childbirth and childcare. Starting from January next year, financial companies affiliated with the associations plan to voluntarily continue the challenge. It will be conducted by posting certification photos and videos of financial executives holding placards with the challenge slogan, along with messages, on social networking service (SNS) channels.

Earlier, six economic organizations including the Korea Employers Federation had already implemented the 'Industry Relay Challenge' on the 19th.

Cho Yong-byeong, Chairman of the Korea Federation of Banks, stated, "To overcome the low birthrate crisis, it is most important to widely promote the happiness children bring and the value of childcare. The financial sector will continue to make efforts to create a child-friendly environment through the establishment of work-family balance systems and to spread positive perceptions about childcare."

Seven financial associations held the "Financial Sector Relay Challenge to Overcome the Low Birthrate Crisis" on the 27th at the Bankers' Hall in Jung-gu, Seoul. From the left: Kim Jun, Executive Director of the Life Insurance Association; Jeong Wankyu, Chairman of the Credit Finance Association; Lee Byungrae, Chairman of the General Insurance Association; Cho Yongbyung, Chairman of the Korea Federation of Banks; Seo Yooseok, Chairman of the Korea Financial Investment Association; Oh Hwakyung, Chairman of the Korea Federation of Savings Banks; Na Sunglin, Chairman of the Credit Information Association. Photo by the General Insurance Association