Ik-Hyeon Choi|Woo Chang Kim
Enhancing financial literacy in South Korea: Integrating AI and data visualization to understand financial instruments’ interdependencies
Korea Advanced Institute of Science and Technology|Korea Advanced Institute of Science and Technology
south korea lack understanding financial products emerged significant challenge contributing gap financial literacy research proposes novel approach bridge gap employing statistical interdependence explainable ai xai enhance comprehension interconnectedness economic variables translating complex financial information intuitive visual formats methodology empowers individuals make informed decisions collaborations south korean financial institutions ensure alignment local practices regulations preliminary testing indicates promising results improving financial literacy mainly related financial products study offers valuable insights addressing financial literacy challenges south korea potentially beyond emphasizing role technology collaboration fostering financial understanding economic stability sets stage future research policy interventions enhance financial literacy technologically advanced society