No, enrollment closed at the end of 2025.

Do I lose principal if I cancel early?

No, but contributions and tax benefits may be reduced.

Youth Leap Account (Korea)

📈 Economics By CampusDown Wiki Editorial Team Last updated October 26, 2026

The Youth Leap Account was a Korean policy savings product launched in June 2023. Young people aged 19–34 saving up to ₩700,000 a month for five years received government contributions and tax-free interest. New enrollment closed on December 31, 2025.

Contents

1. Background
2. Structure and status
3. FAQ
4. References

Background

After the popular two-year Youth Hope Savings in 2022, the government launched the Leap Account in June 2023. It delivered on a pledge to help young people build about ₩50 million over five years.

Structure and status

Eligible savers deposit up to ₩700,000 a month, receive income-tiered government contributions, and pay no tax on interest. Early termination without a qualifying reason can cost those benefits. New sign-ups ended on December 31, 2025. Existing holders keep their benefits, and a successor Youth Future Savings product offers a switch path. Alternatives include the Youth Tomorrow Savings Account.

FAQ

Can I still join?: No, enrollment closed at the end of 2025.
Do I lose principal if I cancel early?: No, but contributions and tax benefits may be reduced.

Sources reviewed: 2026-10-26

References

조세특례제한법 제91조의22, 국가법령정보센터. https://www.law.go.kr
서민금융진흥원. 청년도약계좌 안내. https://www.kinfa.or.kr
금융위원회. (2023). 청년도약계좌 출시 보도자료.

Reports and materials that use this theory (Korean)

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This article was last updated on October 26, 2026. It is based on widely recognized original works and textbooks; when citing it in a paper, please check the original sources listed in the references.