Vice Chairman Kim Soyoung of the Financial Services Commission attended the event commemorating one-year anniversary of the youth savings account program joined by young adults, a panel of experts, and officials from the financial industry on July 23 and held talks on the progress and plans for future program operation. Since launching the program a year ago, about 1.33 million individuals have signed up for the youth savings account program as of the end of June 2024 with the retention rate of about 90 percent. As this shows that one in five young adults is currently taking advantage of the program, Vice Chairman Kim said that financial authorities will continue to closely work with the banking sector and seek improvements in policy implementation to make sure that the youth savings account program can play a central role in providing young adults with opportunities of wealth accumulation. At today's event, a discussion with expert panelists and other experimental programs, such as financial consulting and a quiz challenge, also took place for young adults.