1,385,000 Young People Ultimately Enroll in Youth Future Savings

Additional Recruitment Considered for September
59.1% of 2,343,000 Initial Applicants Enrolled
Largest Number of Enrollees Aged 25–29

It has been tallied that 1,385,000 young people who applied for the initial recruitment of the Youth Future Savings ultimately enrolled in the program. This represents 59.1% of the 2,343,000 initial applicants and corresponds to 89.5% of those who met the eligibility requirements.

On the first day of subscription for the Youth Future Savings on the 22nd, Eunwook Lee, Chairman of the Financial Services Commission, visited the consultation booth of the People's Promotion Agency set up in Seongsu-dong, Seongdong-gu, Seoul, and gave advice to the young people receiving financial counseling. 2026.06.22 Photo by Dongjoo Yoon

The Financial Services Commission announced on August 10 that, among the 2,343,000 individuals who applied for the first round of Youth Future Savings enrollment from June 22 to July 3, a total of 1,547,000 passed the eligibility screening for criteria such as individual and household income.

By type, the number of final enrollees in the standard category was approximately 983,000, accounting for 70.9% of the total. The preferential category had about 389,000 enrollees (28.1%). Those who enrolled without government contributions, receiving only tax exemptions on interest income—such as applicants with a total annual salary exceeding 60 million won but not exceeding 75 million won—numbered around 12,000 (0.9%).

By age group, those aged 25–29 accounted for about 524,000 enrollees (37.8%), the largest portion. This was followed by those aged 30–34, with roughly 510,000 (36.8%), and those aged 19–24, with around 290,000 (20.9%).

There were 796,000 applicants who did not pass the eligibility screening. Of these, more than half—409,000—either did not obtain consent to verify the income information of household members or failed to submit the required documents needed to confirm household status.

The number of applicants who did not meet the individual income requirements was 211,000, while 165,000 exceeded the household income threshold. Young people who did not complete the consent or document submission process for household members during the initial recruitment period may reapply during the additional enrollment period and will be subject to an eligibility review.

The Financial Services Commission and the Common People’s Promotion Agency have reported that there continues to be significant additional demand for enrollment, with many inquiries from young people who missed the initial recruitment. As a result, additional recruitment is under review for September. Detailed schedules and application procedures will be announced at a later date. The Youth Future Savings is a three-year, free-installment savings product for individuals aged 19 to 34, allowing monthly deposits from as little as 1,000 won up to 500,000 won.

This content was produced with the assistance of AI translation services.