FSS to Hold Financial Training for Military Finance Officials, Strengthen Education on Illegal Gambling and Virtual Assets

Four-day training for 42 participants starting Nov. 9
Training specialized instructors in military financial education
Strengthening financial risk prevention and asset management skills among military personnel

The Financial Supervisory Service (FSS) will strengthen financial education for defense finance officials to help prevent military personnel from engaging in illegal gambling and making reckless investments in virtual assets.

The FSS announced on November 8 that it will hold financial training for defense finance officials from November 9 for four days. The training will be attended by 42 officials from the Army, Navy, Air Force, Marine Corps, and units directly under the Ministry of National Defense.

Military personnel's financial assets have been steadily increasing in recent years, driven by pay raises and expanded support for asset building, including the Military Personnel Tomorrow Preparation Savings program. At the same time, the availability of mobile phones in barracks has exposed them to financial risks such as online illegal gambling and high-risk investments in virtual assets.

To improve military personnel's financial literacy and promote financial education within the armed forces, the FSS expanded the training program last year beyond finance officers to include noncommissioned officers and civilian employees of the military. It also increased the number of sessions from once to twice a year. A total of 31 people attended the training in the first half of this year.

This training covers financial basics, financial support programs for low-income households, and teaching techniques. In particular, it will include a session on preventing illegal gambling and promoting sound asset management in response to online gambling, a growing problem within the military. A new course, "Understanding Blockchain and Virtual Assets," has also been added to help prevent reckless investments in virtual assets.

The FSS plans to hold a certification assessment for those who complete the training and wish to qualify as financial education instructors. Those who pass will receive a "Military Financial Education Instructor Certificate" issued in the name of the Governor of the Financial Supervisory Service.

An FSS official said, "We expect finance officials who complete the training to serve as financial education instructors in their units and help improve military personnel's financial literacy." The official added, "We will continue to actively support financial education in the armed forces by providing military units with a range of financial education materials."

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