Youth Future Savings will accept subscription applications from June 29 regardless of applicants’ birth year. With the end of a birth-year rotation based on the last digit of the birth year that applied during the first five business days after launch, eligible young people can apply freely until July 3.

The Financial Services Commission and the Korea Inclusive Finance Agency said on June 29 that they will accept applications for Youth Future Savings from June 29 to July 3 regardless of birth year.

Youth Future Savings is a three-year, flexible installment savings product that allows monthly deposits of up to 500,000 won.

The government provides matching contributions on deposits, at 6 percent for the general plan and 12 percent for the preferential plan. Interest income tax is also exempted.

Participating institutions include IBK Industrial Bank of Korea, NH NongHyup Bank, Shinhan Bank, Woori Bank, Hana Bank, KB Kookmin Bank, iM Bank, Busan Bank, Kyongnam Bank, Gwangju Bank, Jeonbuk Bank, Suhyup Bank, KakaoBank and the Postal Service.

Eligible subscribers are young people aged 19 to 34 who meet income or sales requirements. Those who have completed military service will have up to 6 years of service excluded from the age calculation.

Applicants must be able to verify income for the previous year, 2025, and preferential-plan eligibility is available to employees of small and medium-sized enterprises who meet certain requirements, newly employed workers at SMEs and small business owners.

After applying, income screening and preferential-plan eligibility screening will take place from July 6 to 24. The Korea Inclusive Finance Agency will notify applicants individually of the results on July 24.

Applicants who pass screening can open accounts and begin deposits from July 27 to Aug. 7.

The Financial Services Commission said, "Young people who turn 35 between this subscription period and the second subscription period may have limited additional opportunities to subscribe, so those who wish to subscribe should be careful not to miss the initial application period."