Search results for Youth Future Savings
Finance
Four major financial groups\' Q1 results split as AI, digital finance spread
South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.
Finance
Youth Future Savings to launch in June, up to 12 percent support for 500,000 won monthly deposits
South Korea’s Financial Services Commission plans to launch Youth Future Savings to support asset building for young people. Subscribers can deposit up to 500,000 won a month in a 3-year product, with government matching contributions and interest applied to both deposits and contributions. Interest income tax will be exempt. Eligibility is generally ages 19 to 34 with income and household thresholds, and government contributions vary by income level.
Finance
Shinhan Financial makes 100 billion won additional contribution to Miso Finance Foundation
Shinhan Financial Group has made an additional 100 billion won contribution to the Shinhan Miso Finance Foundation, becoming the first among 38 operators of Miso Finance foundations in South Korea to do so since the foundation was established in 2009. The group said it signed an agreement with the Korea Inclusive Finance Agency and the foundation to support youth and regions in crisis and discussed cooperation measures. It also plans an asset-building support programme for diligent borrowers.
