Financial Services Commission Chairman Lee Eog-weon, right, speaks with commuters in Seoul's Seongsu area, Monday during a promotional event for the Youth Future Savings Plan.
Yonhap The appeal of a new government-backed savings program for young people, which opened for applications on Monday, is being put to the test as a stock market frenzy draws younger investors into equities.
According to the Financial Services Commission (FSC), applications for the Youth Future Savings Plan will be accepted for two weeks through July 3 at 15 major banks.
The program is available to individuals aged 19 to 34.
Applicants must meet income requirements based on earnings from the previous year.
