Visa Launches Financial Education Initiative for Korean Olympic Athletes

2018-02-13 09:00 1494
  • Partnership with IOC, KSOC, and Jangmiran Foundation to help former and current Olympic athletes take control of their financial futures
  • Visa employees will conduct eight workshops to help athletes better manage their personal finances
  • This program is also being carried out by Visa in the U.S., Canada, and China

SEOUL, South Korea, Feb. 13, 2018 /PRNewswire/ -- Worldwide Olympic Partner Visa announced today that it plans to provide former and current Korean Olympic athletes with a financial education programme, in partnership with the International Olympic Committee (IOC), the Korean Sport and Olympic Committee (KSOC), and the Jangmiran Foundation (JMF) starting this June.

Originally developed and launched in partnership with the IOC at the Rio 2016 Olympic Games, the programme is designed to help Olympic athletes better manage their personal finances during and after their athletic careers for a better future. Visa employees will run the programme, and organise eight workshops with the Olympic athletes and coaches to deliver personal financial management knowledge.

The programme utilises Visa's award-winning financial education curriculum, focused on key personal finance topics including financial planning and decision making, goal-setting, budgeting and saving, understanding banking services, and basic money management.  This programme is customised for the financial journey that most athletes will experience.

"As a 30-year sponsor of the Olympic Games since 1988, we are excited to help Korean Olympic athletes on behalf of all Visa employees," said Iain Jamieson, Country Manager of Visa Korea. "Visa will continue to be committed to financial education, not only for Olympic athletes but for people in need of it across the globe."

"We are greatly appreciative of Visa's commitment to financial education and expansion of the programme to the Olympic family, as well as its long-time sponsorship of Olympic games for the last three decades," said Timo Lumme, Manager Director, IOC Television and Marketing Services. "We hope more athletes around the world will earn practical benefits from the programme."

"Athletes may lack financial skills and knowledge due to tight schedules of hard training and preparations for games," said Jang Mi-ran, a former national team weightlifter and director of JMF. "I hope many athletes can benefit from these education sessions to get better prepared for success in life. "  

The programme, Practical Money Skills for Athletes, is also being carried out in the U.S., Canada, and China in partnership with the countries' respective National Olympic Committees.

Since 1995, Visa has been providing parents, teachers, students and consumers of all ages with high quality, interactive free materials that help teach the fundamentals of personal finance. To date, Visa's financial education program has reached more than 40 million people worldwide, and resources are now available in 16 languages across 42 countries.

About Visa Inc.

Visa Inc. (NYSE: V) is the world's leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company's relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit and @VisaNews.

About Jangmiran Foundation

The Jangmiran Foundation is a non-profit organization whose mission is to work towards building a society where "everyone can connect with one another through Sports." The Foundation deploys various businesses with corporations to run support programs for the youth and retired athletes.

A.    Recruit and train youth prospects
B.    Provide communicational and contributive means to retired athletes by supporting social impact activities
C.    Run sports programs for underprivileged members of society

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Source: Visa
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