Dunamu, the operator of Upbit, signed a memorandum of understanding (MOU) with Seoul Metropolitan Government on May 9 at the Korea Press Center to strengthen youth economic and financial capabilities and promote proper understanding of digital assets. The partnership aims to address financial, housing, and asset formation challenges commonly faced by youth across South Korea by establishing a collaborative public-private digital finance education model. Seoul's youth population aged 19-39 comprises approximately 2.86 million people, representing 30.5% of the city's total population, with many facing significant economic burdens from housing and living costs.
Dunamu and Seoul Establish Digital Finance Education Model for Youth
Dunamu and Seoul Metropolitan Government announced on May 10 their collaboration to build a digital finance education model combining Dunamu's digital asset and future finance educational content with Seoul's youth policy infrastructure. The partnership was attended by key officials including Yoon Seon-joo, Dunamu's Chief Brand Impact Officer (CBIO), and Kim Cheol-hee, Seoul's Future Youth Planning Officer. The education initiative will cover asset formation, financial fraud prevention, rational consumption habits, and understanding of future financial environments, rather than focusing solely on investment education.
Seoul Youth Population Reaches 2.86 Million with Growing Economic Challenges
According to Seoul Youth Statistics released in June last year, Seoul's youth population aged 19-39 stands at approximately 2.86 million, accounting for 30.5% of the city's total population. Seoul has recorded net inflows of youth population for three consecutive years, with primary reasons for relocation being employment (46.4%) and education (15.2%). This data demonstrates Seoul's position as a major destination city for youth beginning their careers and studies, while simultaneously highlighting the significant economic burdens these individuals face from housing and living expenses.
Education Programs Launch in August at Seoul Youth Centers
Dunamu will conduct Upclass education programs for Seoul youth at youth centers throughout the city in August. The curriculum includes four main components: Bitcoin and blockchain fundamentals, digital asset fraud prevention, diverse digital asset investment methods, and the expansion of digital assets from stablecoins to real-world assets (RWA). Additionally, the partnership will host a Youth Financial Golden Bell quiz competition open to both pre-registered youth and walk-in participants. The quiz will cover economic knowledge essential for youth, financial issues requiring attention, and changes in the economic environment driven by artificial intelligence.
Officials Emphasize Youth Financial Capability Development
Yoon Seon-joo, Dunamu's CBIO, stated that the company will actively support youth in developing the capacity to make independent judgments and take action within complex future financial environments, drawing on accumulated experience and field understanding from operating Upclass youth financial education programs. Kim Cheol-hee, Seoul's Future Youth Planning Officer, said the city will continue expanding practical financial education and content through cooperation with Dunamu to enable youth to respond proactively to changing environments.
FAQ
What did Dunamu and Seoul Metropolitan Government announce on May 9?
Dunamu and Seoul Metropolitan Government signed a memorandum of understanding on May 9 at the Korea Press Center to strengthen youth economic and financial capabilities and promote proper understanding of digital assets through a collaborative public-private digital finance education model.
When will the Upclass education programs for Seoul youth begin?
The Upclass education programs will be conducted in August at youth centers throughout Seoul, covering topics including Bitcoin and blockchain, digital asset fraud prevention, investment methods, and the expansion of digital assets from stablecoins to real-world assets.
