Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting with officials from related organizations, representatives of the youth policy advisory group, and young adults who signed up for youth savings accounts on May 22 and held talks on the operation of the program and sought opinions for improving the system. From when the program was launched in June 2023 until April 2024, about 1.23 million individuals signed up for youth savings accounts, which offer higher savings rates and the incentive of matching contributions to young adults. During the meeting, FSC Vice Chairman Kim said that this program offers a foundation to help young adults accumulate assets, so that it should serve as an anchor to building asset portfolios for young adults. According to a recent survey, about 45 percent of young adults who have yet to sign up for the program showed a willingness to subscribe in the future. In June this year, the FSC will organize a focus group to facilitate discussions and gather more wide-ranging opinions to seek improvements. The FSC also plans to form a working group on youth finance with officials from related organizations and experts to explore various policy issues and areas that can help to address the needs of young adults.