Official Republic of Korea long-term savings program for residents aged 19–34: save up to 700,000 KRW/month for 5 years and receive government matching + tax-free interest (~50M KRW at maturity)
| Age | Korean residents aged 19 to 34 (+ up to 6 extra years for military service) |
| Personal income | Prior-year gross salary ≤ 75M KRW, or comprehensive income ≤ 63M KRW |
| Household income | ≤ 250% of median income (expanded in 2025) |
| Financial income | Disqualified if subject to comprehensive financial-income tax in any of the prior 3 years |
| Personal Income | Match Cap | Match Rate | Max Monthly Contribution |
|---|---|---|---|
| ≤ 24M KRW | 700,000 KRW | 6.0% | 33,000 KRW |
| 24M – 36M KRW | 700,000 KRW | 4.6% | 29,000 KRW |
| 36M – 48M KRW | 700,000 KRW | 3.7% | 25,000 KRW |
| 48M – 60M KRW | 700,000 KRW | 3.0% | 21,000 KRW |
| 60M – 75M KRW | - | - | Tax exemption only |
| Special-reason termination | First-home purchase, marriage, childbirth, retirement, illness, financial distress — keep full principal + interest + contribution + tax exemption |
| Normal termination after 3+ years | Retain 60% of government contribution and tax exemption (relaxed in 2024) |
| Termination before 3 years | Principal and interest returned; government contribution and tax exemption forfeited |
This page is an informational summary about a South Korea–only program, based on the Financial Services Commission and KINFA notices (as of April 2026). It is NOT a financial-product sale, brokerage, or investment-advisory service, and applies exclusively to Korean residents. Calculator outputs are illustrative estimates based on simplifying assumptions (e.g., 6% p.a. simple interest) and do NOT guarantee any return — actual interest, government contributions, and maturity proceeds depend on bank rates and government policy changes. Matching rates, household-income thresholds, and early-termination rules may change per Korean government notice and banks' bonus conditions vary. Always verify the latest information on the official site and with your chosen Korean bank before applying. This site makes no warranty as to accuracy, completeness, or timeliness of the content and disclaims all liability for any loss arising from its use.
The Youth Leap Account (청년도약계좌) is a Republic of Korea policy-savings product for Korean residents aged 19–34. Participants contribute up to 700,000 KRW per month for 5 years; the government matches up to 33,000 KRW per month based on income tier, and all interest is fully tax-exempt. At 5-year maturity, accountholders receive roughly 50M KRW total — 42M in principal, up to ~1.98M in government contributions, and ~6.4M in interest (assuming 6% p.a.). It is administered by South Korea's Financial Services Commission and Korea Inclusive Finance Agency (KINFA), and available via 11 authorized Korean banks through non-face-to-face mobile enrollment.
Holders of the matured Youth Hope Savings can convert to a lump-sum Youth Leap Account. The Youth Tomorrow Savings Account (a separate Korean program for near-poor/low-income youth) may generally be held simultaneously. Confirm stacking eligibility with KINFA at 1397.
Yes — comprehensive-income earners (including freelancers and sole proprietors) earning ≤ 63M KRW in Korea qualify. Income is auto-verified via Korean National Tax Service (Hometax) tax filings.
No — deposits are flexible from 1,000 to 700,000 KRW per month. Government contributions scale with actual deposits, so lower deposits yield proportionally lower matches.
Yes — the application window opens monthly. After income or eligibility changes (often after the May income-confirmation), you can retry in the next cycle.
Under the 2024 relaxation, normal termination after 3+ years retains 60% of the government contribution and the tax exemption. Special-reason terminations (marriage, childbirth, home purchase, illness) retain them in full. Termination before 3 years forfeits both the contribution and the tax exemption.
Yes — from January 2025, the expanded matching rates apply automatically to both new and existing accountholders, with no separate application required.
South Korea's Youth Leap Account (청년도약계좌) lets Korean residents aged 19–34 save up to 700,000 KRW per month for 5 years, with the government matching up to 33,000 KRW monthly and all interest fully tax-exempt. Per the January 2025 expansion, personal-income tiers receive matching rates of 6.0% (≤24M KRW), 4.6% (24–36M), 3.7% (36–48M), 3.0% (48–60M), and tax exemption only (60–75M). Eligibility requires personal income ≤ 75M KRW (or comprehensive income ≤ 63M KRW) and household income ≤ 250% of median income. Eligible Koreans can enroll non-face-to-face via 11 authorized banks: KB Kookmin, Shinhan, Hana, Woori, NH, IBK, Busan, iM (Daegu), Gwangju, Jeonbuk, and Gyeongnam. At 5-year maturity, payouts total about 50M KRW (42M principal + government contribution + interest). Early termination after 3+ years retains 60% of contributions and the tax break; special reasons like marriage, childbirth, or first-home purchase retain them fully. Inquiries: KINFA at 1397.