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Busan Metropolitan City Signs MOU to Establish an “Anchor-Based” Financial Literacy Education System for University Students

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Busan Metropolitan City (Acting Mayor Kim Kyung-duk) announced that it will sign a memorandum of understanding (MOU) to establish an “Anchor-based” (ANCHOR: regional talent development system) financial literacy education system for university students today (28th) at 14:30 in the City Hall International Protocol Room.

The city plans to actively support Busan’s leap forward as a global financial hub by expanding practical financial literacy courses delivered directly to universities through cooperation between academia and the financial sector based on the Busan-style Anchor model.

*ANCHOR: A system emphasizing the settlement of talent within the region, redefining the existing “RISE” policy name and symbolizing an anchor for regional stability

This agreement involves six institutions: Busan Metropolitan City, Busan RISE Innovation Institute, Pusan National University, the Bank of Korea Busan Headquarters, the Busan-Ulsan Branch of the Financial Supervisory Service, and the Busan International Financial Promotion Agency. Each institution will share responsibilities based on its expertise to operate a practical consultative body.

Key roles include: the city overseeing the establishment of financial education and talent development policies as well as providing administrative and financial support; Busan RISE Innovation Institute planning and managing performance of Anchor-based financial education and talent development projects; Pusan National University supporting the implementation of financial literacy education in collaboration with regional universities; and financial institutions supporting the planning of financial literacy education, cooperation within regional financial industry networks, and the provision of specialized financial education content and instructors.

This agreement aims to provide systematic financial literacy education to university students in Busan, enhance their financial understanding, and establish a foundation for cultivating financial talent that will settle in the region. In particular, the expansion of financial literacy education for university students is expected to further strengthen a regional talent development cooperation model based on the Busan-style Anchor system.

Through the operation of this consultative body, the city anticipates not only improving students’ financial understanding and promoting a sound investment culture, but also laying a solid human resource foundation for Busan to grow into a global financial city.

Amid recent changes by the Ministry of Education to rename the existing “RISE” initiative as “Anchor,” emphasizing systems that enable talent to settle in local regions, the city will accelerate industry-academia cooperation as a key policy priority. It plans to further strengthen talent development efforts through practical collaboration between companies and universities and continue identifying successful cases in which trained talent settles in the region, as demonstrated by this agreement.

Kim Gui-ok, Director General of the Youth-Industry-Academia Bureau, stated, “Strengthening the fundamental economic capacity of local university students and enabling them to settle stably in the community is at the core of the Busan-style Anchor model.” She added, “By uniting industry, academia, and research, we will build a practical financial safety net for university students and transform Busan into a ‘globally specialized financial city’ where young people can stay and pursue their dreams.”