First Day of Youth Leap Account Transfers... 63,000 Applications in One Day

by Yoo Jaehoon

Published 26 Jan.2024 15:39(KST)

The Financial Services Commission announced on the 26th that the number of applicants for the Youth Leap Account linked subscription reached 63,000 (excluding duplicates) as of the previous day.

On the 15th, the day the 'Youth Leap Account,' which allows you to save 700,000 won monthly for 5 years to accumulate up to 50 million won, was launched, counselors at the Youth Leap Account Non-face-to-face Consultation Center in Jung-gu, Seoul, were providing consultations. Photo by Kang Jin-hyung aymsdream@

The financial authorities are operating the Youth Leap Account linked subscription application for four weeks from the previous day until February 16, allowing subscribers whose Youth Hope Savings have matured to immediately switch to the Youth Leap Account.

Before the start of this transfer, the authorities are closely monitoring the financial sector's network systems. It is reported that the computer systems of each bank are currently operating smoothly without any significant issues.

Meanwhile, the authorities plan to operate additional Youth Leap Account linked subscriptions in March.