"'Loyalty Loan' and 'Sergeant Loan' Debt-Investing Trap... Government Promotes Military Financial Education"

Workshop to Be Held in Cheongna, Incheon, on October 21-22

The Financial Services Commission (FSC) announced on October 21 that it will hold a "Service Members' Financial Workshop" with the Ministry of National Defense to improve service members' financial literacy.

Service members line up to enter the 2025 Armed Forces Employment Fair at KINTEX in Goyang, Gyeonggi Province, on May 7, 2025. Photo by Kang Jinhyung.

The workshop is a follow-up to the "Plan to Strengthen Financial Education for Service Members," adopted by the Financial Education Council on August 31, 2026. It was organized to support financial affairs officers and others in the military in serving as financial education instructors.

The workshop will be held at Hana Global Campus in Cheongna, Incheon, over two days starting October 21. About 100 service members from approximately 20 units directly under the Ministry of National Defense, including the Armed Forces Financial Management Group and the Korea Defense Installations Agency, will attend.

Financial education instructors from the Financial Supervisory Service, the Korea Inclusive Finance Agency, the Credit Counseling and Recovery Service, and seven financial associations will take part in the training.

They will give lectures on topics including asset management at different stages of young service members' lives; understanding insurance, retirement preparation, and financial planning; understanding financial investments; preventing financial fraud; practical financial counseling; and debt adjustment programs.

The organizers will also operate financial counseling booths, giving workshop participants opportunities to receive consulting on financial planning and other matters.

Kim Donghwan, director general of the FSC's Financial Consumer Bureau, said, "Financial education for service members plays an important role in fostering sound financial awareness among young people. The FSC and related agencies will continue working to expand financial education for service members."

Yang Seongtae, the Ministry of National Defense's planning and budget officer, said, "By working with a range of financial education institutions to provide service members with high-quality financial education, this will be an opportunity to further enhance their financial capabilities, including by helping them develop sound economic principles."

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