The South Korea Financial Services Commission and the Korea Inclusive Finance Agency have opened the second Youth Future Savings Account application round to all eligible applicants from Oct. 12 through Oct. 16, regardless of the final digit of their birth year. This follows odd-even birth-year scheduling on Oct. 7 and Oct. 8. Applications are available from 9 a.m. to 6:30 p.m. through the mobile apps of 14 participating institutions and generally require no separate documents. Applicants seeking eligibility as small business owners must obtain a small business certificate in advance, while additional documents may be requested if eligibility cannot be verified electronically. The Korea Inclusive Finance Agency plans to notify applicants of screening results on Nov. 12 and Nov. 13. Successful applicants may open accounts and begin making contributions from Nov. 16 through Nov. 27.
South Korea Financial Services Commission opens second Youth Future Savings Account round to all eligible applicants through Oct. 16
The South Korea Financial Services Commission has opened second-round Youth Future Savings Account applications to all eligible applicants through Oct. 16, ending the initial odd-even birth-year schedule. Applications can be made through 14 participating institutions’ apps, with screening results due on Nov. 12 and Nov. 13 and account openings scheduled for Nov. 16 through Nov. 27.