Ministry of Labor and Financial Supervisory Service Join Forces to Expand Employment of People with Disabilities in the Financial Sector

The government is establishing a collaborative framework with financial supervisory authorities, relevant organizations, and the industry to expand employment opportunities for people with disabilities in the financial sector.

On March 6, the Ministry of Employment and Labor announced that it had signed a 'Memorandum of Understanding (MOU) for Expanding Employment of People with Disabilities in the Financial Sector' together with the Financial Supervisory Service, Korea Employment Agency for Persons with Disabilities, and financial industry associations at the main office of the Financial Supervisory Service in Yeouido, Seoul.

This agreement was established as the government pursues a shift toward "inclusive finance," aiming to strengthen the financial sector's social responsibility and promote public-private cooperation to expand employment of people with disabilities. Financial associations representing the banking, securities, and insurance industries participated in the agreement.

Kim Younghoon, Minister of Labor, attends the "Joint Declaration on Actual Working Hours Reduction by Labor, Management, and Government and National Report Meeting" held on the 30th at the R.ENA Suite Hotel in Jung-gu, Seoul, delivering a greeting. 2025.12.30 Photo by Yoon Dongju

Under the agreement, the relevant organizations will form a consultative body to expand employment of people with disabilities in the financial sector and will pursue policy cooperation and institutional improvements. In addition, they plan to share the difficulties financial companies face in the process of hiring people with disabilities and establish a joint response system, while also identifying and spreading best practices of employment for people with disabilities throughout the financial sector.

Furthermore, they plan to identify roles suited to the unique characteristics of the financial industry and present a variety of employment models, enabling financial companies to independently assess and improve their own employment conditions for people with disabilities.

Kim Younghun, Minister of Labor, stated, "I hope this agreement will lead to tangible changes by actually expanding employment for people with disabilities in the financial sector, rather than remaining a simple declaration. The government will also actively support the creation of a workplace environment where people with and without disabilities can grow together."

Lee Chanjin, Governor of the Financial Supervisory Service, also commented, "Expanding employment of people with disabilities and establishing a culture of inclusive finance are key tasks that the financial sector must take the lead in implementing. Through public-private cooperation, we will support the financial sector in independently assessing and improving their employment practices."

The government plans to use this agreement as an opportunity to raise the level of compliance with mandatory employment of people with disabilities across the financial sector and to continue identifying collaborative initiatives that will spread an inclusive employment culture.

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