688,000 Apply for Second Round of Youth Future Savings... Total Applicants Reach 2.819 Million

25- to 29-year-olds accounted for the largest share at 33.9%
Results to be announced starting October 30... Account openings begin November 16

Applications for the second round of enrollment in the Youth Future Savings Account drew 688,000 people, bringing the cumulative number of applicants to 2,819,000.

On June 22, the first day of sign-ups for the Youth Future Savings account, officials from the Korea Inclusive Finance Agency handed out coffee to young people commuting to work in Seongsu-dong, Seongdong-gu, Seoul, while promoting the savings product. 2026.06.22 Yoon Dongju, Reporter

The Financial Services Commission said on October 19 that a total of 688,000 people applied during the second-round application period for the Youth Future Savings Account, which ran from October 7 to 16. Including the 2,343,000 applicants in the first round, the cumulative number of applicants for the account stood at 2,819,000, excluding duplicate applications.

Starting with this second round, applicants were required to select, during the application process, which category applied to them: general income earner, employee of a small or medium-sized enterprise, or small business owner.

By category, general income earners accounted for the largest number of applicants, at approximately 558,000, followed by 108,000 employees of small and medium-sized enterprises and 21,000 small business owners. By age group, applicants aged 25 to 29 accounted for the largest share, with 233,000 people, or 33.9%.

Eligibility reviews will be conducted from October 19 to November 13. The Financial Services Commission plans to notify applicants of the preliminary screening results from October 30 to November 2, allowing them to compare and check the results against the enrollment category they selected. Applicants may file objections through November 5.

Applicants who receive final confirmation that they are eligible to enroll can open an account through the app of a participating institution from November 16 to 27, excluding weekends. Accounts cannot be opened after this period.

Existing Youth Leap Account holders who pass the review in this second-round application should first open a Youth Future Savings Account and then apply for a “special early termination of the Youth Leap Account for the purpose of enrolling in the Youth Future Savings Account.”

More information is available on the Youth Future Savings Account website or through the Korea Inclusive Finance Agency’s Youth Finance Call Center.

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