Search results for Youth Future Savings Account
Finance
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.
Finance
Youth Future Savings second-round applications close on Oct. 16; switching from Youth Leap Account possible
Second-round applications for South Korea\'s Youth Future Savings product close at 6:30 p.m. on Oct. 16, the Financial Services Commission said. Eligible applicants are those born between Nov. 17, 1991 and Nov. 27, 2007, aged 19 to 34 at signup, with up to 6 years of military service excluded from age calculations. Screening runs from Oct. 19 to Nov. 13, and approved applicants can open accounts Nov. 16-27. Existing Youth Leap Account holders may switch if eligible.
Finance
Youth Future Savings second application opens Oct. 7, rollover from Youth Leap account allowed
Applications for the second intake of Youth Future Savings will begin on Oct. 7, with an added option for existing Youth Leap account holders to switch. The Financial Services Commission and the Korea Inclusive Finance Agency will accept applications from Oct. 7 to 16. Screening runs from Oct. 19 to Nov. 13, and successful applicants can open accounts from Nov. 16 to 27. Eligibility and income criteria remain the same as the first intake.
