2.7 Million Won Per Child: 'Wealth Camps' Surge in Popularity in China

Did you know there is a country where parents spend millions of won on financial education for their children from a very young age?

This is happening in our neighboring country, China.

Recently, financial intelligence camps, known as "FQ camps" for children, have gained massive popularity, particularly centered around major Chinese cities.

These camps usually run for a 7-to-10-day course, with participation fees reaching approximately 2.7 million won in South Korean currency per child.

Despite the high cost, parents' interest is so intense that reservations sell out months in advance.

The children experience virtual stock investment, asset management, and startup education, as well as hands-on activities such as running street stalls and writing business plans and financial statements.

Behind this craze lies China's severe youth unemployment crisis.

As youth unemployment continues at a high level of around 15 percent, a growing number of parents are trying to foster the ability for their children to build their own assets rather than relying on stable jobs.

However, some concerns are also being raised, with critics saying, "After attending the camp, the child started demanding money for everything," and "It is nothing more than a business show that only highlights success."

(Photo Source: South China Morning Post)
※ Please note: This article was translated by AI and may contain errors.