KakaoBank is launching a public-private partnership to prevent illegal gambling and financial harm among youth.
On July 22, KakaoBank announced that it signed a memorandum of understanding (MOU) with the Ministry of Education, the Financial Supervisory Service, and the Green Tree Foundation to promote the "Zero Round" project aimed at preventing illegal gambling and financial harm among young people.
The "Zero Round" initiative is designed to educate youth about the dangers of illegal gambling and to prevent gambling addiction and financial losses. KakaoBank and the Green Tree Foundation have been collaborating on this project since last year, and this agreement will strengthen ties with educational institutions.
KakaoBank previously supported the initiative with a donation of 550 million won to the Green Tree Foundation. The Ministry of Education will be responsible for recruiting and selecting participating schools, while the Financial Supervisory Service will provide advice on financial harm prevention education. The Green Tree Foundation will plan and operate educational programs, including experiential theater.
The main components of the program include experiential theater, distribution of prevention materials, self-diagnosis tests for gambling, and prevention guidelines. Notably, the experiential theater will focus on the structural risks of gambling, emphasizing that the odds of winning are "0%" and the potential financial harm that can result, encouraging student participation and discussion.
Yoon Ho-young, CEO of KakaoBank, stated, "The issue of youth gambling is not just an individual problem; it can lead to financial harm and crime, making it crucial for the public and private sectors to work together in prevention. We will continue to expand education and social contribution activities to help youth develop a proper financial mindset and protect themselves from the risks of financial crime and gambling."
* This article has been translated by AI.
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