National Credit Union Federation of Korea to Support Financial Fraud Prevention in Areas with Declining Populations

MOU Signed with Korea Senior Citizens Workforce Development Institute on October 1

Education on Financial Fraud Cases and Prevention Methods, Including Voice Phishing

The National Credit Union Federation of Korea is joining efforts to provide financial fraud prevention education for the elderly in regions experiencing population decline.

Jobongup, Director of Saemaul Geumgo Central Association (right), and Kim Sooyoung, President of Korea Senior Human Resources Development Institute, are taking a commemorative photo after signing a Memorandum of Understanding (MOU) to promote financial fraud prevention education for vulnerable groups in population decline areas outside the metropolitan area on the 1st at the Seoul Regional Headquarters of the Korea Senior Human Resources Development Institute in Jung-gu, Seoul. Saemaul Geumgo Central Association

On October 1, the National Credit Union Federation of Korea announced that it had signed a memorandum of understanding (MOU) with the Korea Senior Citizens Workforce Development Institute to promote financial fraud prevention education for vulnerable groups in non-metropolitan areas where populations are decreasing.

The two institutions have been collaborating since 2024 on fostering "MG Senior Financial Instructors." The National Credit Union Federation of Korea donates KRW 50 million annually, and the Korea Senior Citizens Workforce Development Institute uses this funding to train instructors, focusing on expanding job opportunities for seniors.

So far, 258 senior financial instructors have been certified, and a total of 2,571 educational sessions have been conducted, reaching 57,184 people with financial fraud prevention education.

With this agreement, the two organizations will expand the scope of their existing cooperation to non-metropolitan areas with declining populations. They plan to provide education on financial fraud cases such as voice phishing and messenger phishing, as well as prevention methods. In addition, financial fraud prevention experts from the National Credit Union Federation of Korea will participate in on-site training to strengthen the elderly population’s ability to counter financial fraud.

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