* Date : 2016-12-09
With financial scams such as voice phishing becoming more sophisticated, and temptation from non-bank financial institutions increasing, the financial environment is becoming more complex, requiring better public understanding of finance.
However, financial illiteracy was shown to be still quite high within societies around the world, which experts have attributed to the lack of education on finance.
In Korea, a wide range of financial education programs are now being carried out by financial institutions. As we live through a time of low growth and low interest rates, let's find out about the current situation in financial literacy and the specific actions being taken to educate the public.