Overview

• South Korea’s 2024 financial literacy score dropped to 65.7 from 66.5 in 2022, though it remains above the OECD average of 62.7.
• The survey, conducted using OECD-INFE guidelines, assessed financial knowledge, behavior, and attitude across age and income groups.
• Financial attitude scores improved slightly, while financial knowledge and behavior scores saw modest declines compared to 2022.
• Adults in their 40s scored highest at 68.4, while those aged 70 and older scored the lowest at 59.3, underscoring age-based disparities.
• The government plans to address gaps by enhancing educational accessibility and offering tailored programs for senior citizens and low-income groups.