The South Korea Financial Services Commission has outlined six new or revised youth finance programs for 2027, spanning asset formation, employment and entrepreneurship support, and housing finance. The proposed youth support budget would more than double from about KRW 870 billion in 2026 to KRW 2.1 trillion, further detailing the youth measures included in the commission’s proposed 2027 budget. The package includes a child independence fund supported by government payments from birth to age 18 and a low interest Youth Opportunity Fund offering unemployed young people up to KRW 5 million per loan, KRW 7.5 million annually and KRW 20 million over their lifetime. It would also support young fintech businesses and finance sector job seekers. The Youth Future Savings Account would open to all young people, with the preferential government contribution rising from 12% to 15% and reaching 25% for employees of regional small and medium-sized enterprises. New housing measures would offer preferential mortgages for non-apartment homes, including loan-to-value ratios of up to 80%, and guarantees covering combined deposit and monthly rent financing. The commission plans to establish a youth financial policy advisory group involving young people, representative organizations, program operators and experts across policy design, implementation and evaluation. Detailed operating arrangements will reflect feedback from the event, while funding remains subject to National Assembly approval.

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