South Korea will launch the Youth Future Savings policy finance product on June 22. The Financial Services Commission said it disclosed interest rates and preferential conditions by institution on the Korea Federation of Banks\' consumer portal. The product carries a fixed base rate of 5 percent for three years, with preferential rates adding 2 to 3 percentage points to as much as 7 to 8 percent. With government contributions and tax exemptions, the commission said the effect can be similar to higher simple-rate savings returns.

South Korea\'s KOSPI keeps setting record highs, rising well above 7,000 and nearing the 8,000 mark as foreign buying focuses on large-cap semiconductor and AI shares. The rally is also linked to expectations for government policy and global liquidity, although several factors are seen as potential volatility risks. Investor money is shifting into policy funds, ETFs and tax-saving accounts, while banks expand corporate finance and strategic tie-ups. AI adoption is spreading across financial services.