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The Korea Times Los Angeles
Thursday, March 13, 2003
Korean Money Smart Rollout in May
FDIC, in collaboration with Korean Organizations
Advertisement of Rollout Event
Center Bank (President/CEO, Seon Hong Kim) in partnership with FDIC will begin advertising
the rollout of the Korean Money Smart Financial Literacy Program in May.
FDIC Officer, Leslie Crawford, stated at a press conference at the Oxford Palace Hotel on March
12th, that “FDIC Chairman, Don Powell, will attend the rollout of the Korean Money Smart
Program in May, 2003 in Los Angeles.” And he also stated that, “he hopes that the Money Smart
Program will be beneficial to the Korean community in educating them on bank services and
money management.”
Center Bank Vice President, James Ryu, stated that, “the Korean Money Smart Rollout event
will include the participation of the Internal Revenue Services (IRS), the Hispanic and African
American communities, other minority groups, and Korean non-profit organizations” and “300 –
400 participants are expected to be at this event.”
The Spanish translation of the Money Smart Program is currently available and the program will
be translated into Chinese and Vietnamese. The Korean Money Smart Program in collaboration
between FDIC, KCCD (Korean Churches for Community Development) and Center Bank will
be ready no later than the end of May.
The 10 modules, which amount to over 300 pages, include Bank On It, Borrowing Basics, Check
it Out, Money Matters, Pay Yourself First, Keep It Safe, To Your Credit, Charge It Right, Loan
To Own, and Your Own Home.
FDIC and banks will implement the Korean Money Smart Program not only in Los Angeles, but
also in New York, Chicago, San Francisco, and other Korean populated cities with the
participation of banks, churches, community organizations and other training coordinators.
<Reporter, Heung Ryul Park>