Hanwha Life is expanding its financial education initiatives for Indonesian youth based on its accumulated expertise in South Korea.
On October 19, Hanwha Life announced its collaboration with the international NGO Save the Children to implement the 'Youth Financial Literacy Ecosystem Project' in the Bandung region of West Java, Indonesia.
This initiative aims to enhance the financial literacy of local youth who are exposed to financial risks such as online scams, illegal loans, and online gambling due to the rise of digital finance. Bandung is known for being a hotspot for illegal loans and online gambling affecting young people in Indonesia.
Hanwha Life plans to establish a sustainable financial education system involving students, university mentors, and teachers, rather than offering one-time training. Ten high school financial leaders from each school will lead peer education, supported by a group of university student mentors from Bandung Institute of Technology (ITB). Teachers will also be trained as specialized financial education instructors.
Since the launch ceremony held at ITB in June, approximately 700 participants, including 600 youth, university students, and teachers, have engaged in education and mentoring activities.
Next month, Hanwha Life will officially introduce its financial literacy education module at the 'BFN Fest,' an event hosted by the Indonesian government. In January, 20 outstanding university students will be invited to South Korea for further training.
A Hanwha Life representative stated, "We will support Indonesian youth in acquiring proper financial knowledge and economic independence based on our long-standing experience in financial education in South Korea. We aim to establish a sustainable financial education model in collaboration with local governments and educational institutions."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.