The Korean eSports Association (KeSPA) announced Thursday it has entered into a memorandum of understanding with Woori Bank to assist players in organizing their finances.
The MOU states that Korean professional players in League of Legends and FIFA — including those overseas — will gain access to private banking services, financial management, real estate consulting, and education for personal financial management. Players overseas will be able to get a newly formed specialized foreign currency management service.
“Personal financial management is one of the programs that professional players have been in need for some time,” a KeSPA representative said in a statement. “We hope that players will be able to get help with their personal finances, and create a detailed plan for their finances both during and after their careers. We would also like to thank the representatives of Woori Bank, who have been offering their enthusiastic support to Korean esports.”
The ceremony was attended by Woori Bank’s head of wealth management group, Jeong Chae-bong, the secretary general of KeSPA, Cho Man-su, and professional League of Legends players Kim “PraY” Jong-in and Lee “Crown” Min-ho.
It’s been a busy week for KeSPA, which announced Tuesday it entered a MOU with an American law firm to help players with contracts.