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Busan Metropolitan City Announces Recruitment for New Applicants to the Youth Tomorrow Savings Account

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Busan Metropolitan City announced that it will recruit new applicants for the Youth Tomorrow Savings Account for 17 days, from May 4 to May 20.

The Youth Tomorrow Savings Account is a welfare program in which working youth who save KRW 100,000 per month for three years receive earned income incentives of up to KRW 18 million, allowing them to build a substantial lump-sum asset.

For 2026, eligible applicants are working youth aged 15 to 39 whose household income is at or below 50% of the median income and who belong to basic livelihood security recipients or near-poor households.

Upon maturity after three years, participants can receive up to KRW 18 million in earned income incentives, interest, and additional policy-based support depending on eligibility, enabling them to accumulate savings worth more than double their contributions.

Applicants wishing to enroll may visit the administrative welfare center in their district or county based on their registered address or apply online via the Bokjiro website (www.bokjiro.go.kr/ssis-tbu/index.do). Final selection of participants is scheduled for August.

Further details about the program are available through the “Self-Reliance Honey Jar” chatbot (https://answerny.ai/chatbot/projects/bwp/busan.html), which provides consultation services 24 hours a day, 365 days a year.

Meanwhile, funds accumulated through the Youth Tomorrow Savings Account over three years can be used by participants for self-reliance purposes such as starting a business, education, and housing.

Jeong Tae-gi, Director General of the Social Welfare Bureau of Busan Metropolitan City, stated, “The Youth Tomorrow Savings Account goes beyond simply helping young people save money—it provides a foundation for them to design their own futures and achieve independence,” adding, “We will ensure the program is implemented without disruption to support stable asset formation for Busan’s youth as they pursue their dreams.”