Seoul Metropolitan Government said it will open a financial graduate school to nurture talented people specialized in digital finance, including fintech, in cooperation with the Financial Services Commission. This September this year, the financial graduate school, which opens in Yeouido, the financial hub, will consist of two courses: a degree (3rd or fourth semester) and a non-degree (within six months).
The city expects that Koreas fintech industry will take a leap forward with the opening of the graduate school, a mastes degree curriculum created in Yeouido, the financial hub.
To that end, the city announced that it would open a “financial experts training institution” to operate a financial graduate school with specialized education infrastructure such as financial data and faculty members who can teach the latest financial techniques such as fintech.
The subjects of Yeouido Graduate School of Finance include employees of financial companies with a high interest in and understanding of digital finance, founders of fintech (preliminary), employees of fintech-related institutions, and students preparing for employment in the financial sector.
The curriculum includes advanced theories and practices in the digital finance sector, such as big data, cloud and blockchain, which are most needed in the field. In particular, the program will be divided into “degree” and “non-degree” courses so that each education participant can select the required fields and period of education.
After completing the course, the city expects each education student to specialize in digital finance-related tasks within financial companies. In particular, if an education student wishes to start a business, he or she can participate in the start-up support program linked to Seoul FinT Lab, and will be given the opportunity to move in office Mapo “FRONT 1.”
Meanwhile, the Seoul Metropolitan Government and the Financial Services Commission will hold an open briefing from 3 p.m. on Feb. 14 (Friday) and on the 19th floor of the Korea Press Center to support the smooth preparation of the applicants. Explanation of the announcement, selection process and future schedule will be carried out.
If selected as an operator of the graduate school of finance, it will receive support for the operation of courses for the opening of digital finance courses for four years (20~23), and the use of educational space and facilities created by the Seoul Metropolitan Government.
The city plans to select the management agency in March after objective and fair screening by an screening committee composed of experts in related fields and begin the first semester of the financial graduate school in September this year.
“We hope that the opening of the Graduate School of Finance will be a focal point for the development of the fintech industry by producing the most needed professionals at financial and pinpointed industrial sites,” said Kim Eui-seung, head of the Seoul Metropolitan Government’s economic policy office. “We will make efforts to produce globally competitive personnel such as operating a joint curriculum with leading universities abroad so that Yeosu can become a global fintech industry hub.”