125,000 Young Adults Open Youth Leap Accounts in August... Applications Start September 4

The Korea Inclusive Finance Agency announced on the 1st that 125,000 young people opened Youth Leap Accounts between the 7th and 18th of last month (applicants in July).

On the 15th, the 'Cheongnyeon Doyak Account,' which allows you to save 700,000 won monthly for 5 years to accumulate up to 50 million won, was launched. 상담원들이 상담을 하고 있다 at the Cheongnyeon Doyak Account Non-face-to-face Consultation Center in Jung-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

There were a total of 158,000 applicants last month, of whom 76,000 were informed that they met the eligibility requirements after the verification process. These individuals can open accounts from the 4th to the 15th of this month.

This month, applications for the Youth Leap Account can be submitted from the 4th to the 15th, and account opening is possible from October 10th to 20th after eligibility verification. Young people who did not complete the eligibility verification process or failed to open an account within the deadline among previous applicants can also verify their eligibility and open accounts through reapplication.

For more detailed information about the Youth Leap Account product, please refer to the Youth Leap Account or Korea Inclusive Finance Agency websites, or contact the Korea Inclusive Finance Agency Call Center or the call centers of participating banks. The dedicated non-face-to-face consultation center for the Youth Leap Account operates on business days from 9:00 AM to 6:30 PM, and calls are free of charge.

This content was produced with the assistance of AI translation services.