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FSC closes second enrolment for Youth Future Savings, begins eligibility screening for 688,000

South Korea’s Financial Services Commission said 688,000 people applied for the second round of the Youth Future Savings programme held from Oct. 7 to 16. Cumulative applicants across two rounds reached 2.819 million excluding duplicates. People aged 25 to 29 made up the largest share, and most applicants were general income earners. The FSC will review income and eligibility through Nov. 13 and allow account openings from Nov. 16 to 27 on mobile apps.