South Korea’s Financial Services Commission will accept applications for the second Youth Future Savings Account round from Oct. 7 to 16, 2026. The three-year savings product permits monthly contributions of up to KRW 500,000, matched by the government at 6% or 12%, and exempts interest income from tax. Applications can be made without supporting documents through participating institutions’ apps. Applicants must generally be aged 19 to 34 and meet income or small business revenue requirements, as well as a household income ceiling of 200% of median income. Up to six years of military service are excluded from the age calculation. Applications on Oct. 7 and 8 will be restricted by odd and even final digits of birth year, respectively, before opening to all eligible applicants from Oct. 12 to 16. Screening results are scheduled for Nov. 12 and 13, with account opening and contributions from Nov. 16 to 27. The round provides another opportunity for Youth Leap Account holders to switch products. Eligible applicants must first open a Youth Future Savings Account and then request special early termination of their Youth Leap Account during the account-opening period. Proposed 2027 eligibility expansions and higher preferential matching rates would be applied retroactively to existing customers if approved by the National Assembly.
South Korea's Financial Services Commission confirms second Youth Future Savings Account round with added switching route
South Korea’s Financial Services Commission will accept second-round Youth Future Savings Account applications from Oct. 7 to 16, 2026. The three-year product offers government matching of 6% or 12% on monthly contributions of up to KRW 500,000 and an interest tax exemption. The round also gives Youth Leap Account holders another opportunity to switch products.