Lown, J. M. & Ju, I-S. (2000). Adapting western
financial education and counseling models for use in South Korea. Financial
Counseling and Planning, 11(1), 61-68.
Adapting Western Financial
And Counseling Models For Use In South Korea
Jean M. Lown1 and In-Sook Ju2
The recent economic crisis in Asia offers western financial
the opportunity to share expertise developed over many decades. Using
Korea as an example, this position paper describes how declining
power and employment dislocation affect families. With appropriate
consistent with cultural traditions, a western model of financial
and counseling can be adapted to enable Korean consumer and family
professionals to assist families in coping with the continuing
of the crisis. Cross-cultural collaboration between Western and Korean
professionals can facilitate culturally appropriate adaptations of
Key words: Economic adjustment strategies, Economic stress,
counseling, Financial education, Financial planning
2. In-Sook Ju, Korean Pharmaceuticals Manufacturing Association.
Dr. Ju was an Instructor in Home Economics Education, Korea University.
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