Government Employees Pension Service and Shinhan Bank Sign MOU to Strengthen Retired Public Officials' Digital and Financial Capabilities

The Government Employees Pension Service announced on July 16 that it has signed a memorandum of understanding (MOU) with Shinhan Bank to strengthen the digital and financial capabilities of retired public officials and to promote social contribution activities.

Photo by Government Employees Pension Service

This agreement was initiated to address the issues of digital alienation among seniors and their exposure to financial crime, which have become social concerns. The goal is to enhance retired public officials' digital and financial skills so that they can leverage these competencies for social contribution activities such as community education and volunteer work. The signing ceremony took place at the Seoul Sangnok Center on the same day.

Under the agreement, the two organizations will cooperate in the following areas: conducting training in digital, AI, asset management, and prevention of financial scams for retired public officials using Shinhan Bank's 'Hagijae' educational facility; establishing hubs for education and exchange to encourage the social participation of retired public officials; collaborating on educational programs to vitalize 'Hagijae' operations and connecting program participants; and jointly promoting campaigns to protect financial consumers.

After completing the training at Shinhan Bank's “Hagijae,” an AI- and digital finance education space, retired public officials will provide customized education to local residents and senior citizens on how to use AI and digital technology, as well as financial consumer protection education.

Park Jaekyum, Head of the Pension Division at the Government Employees Pension Service, stated, "The extensive human network of our retired public officials combined with Shinhan Bank's excellent infrastructure will not only help to bridge the digital divide among seniors but also enable broad cooperation in protecting financial consumers. We will continue to promote diverse initiatives in collaboration with relevant institutions to further invigorate the social contribution activities of retired public officials."

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