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Finance

Youth Future Savings account draws 1,385,000 subscribers; FSC to review additional sign-ups in September

The first recruitment for the Youth Future Savings account drew 2,343,000 applications, with 1,385,000 people completing enrolment, the Financial Services Commission and Korea Inclusive Finance Agency said on Aug. 11. A total of 1,547,000 applicants passed eligibility screening. Authorities are reviewing an additional sign-up period in September as inquiries continue. The call centre received about 8,300 inquiries about further recruitment.

Finance

Youth Future Savings Account applications top 1 million

Applications for South Korea\'s Youth Future Savings Account have exceeded 1 million, financial authorities said. The Financial Services Commission and the Korea Inclusive Finance Agency said applications reached 1,012,000 as of 1 p.m. on June 26. Applications are being accepted through June 26 on a five-day schedule based on the last digit of an applicant’s birth year, then open to all from June 29 to July 3.