Youth Tomorrow Savings Fund: Closed to New Applicants Since 2024

Youth Tomorrow Savings Fund (청년내일채움공제) is closed to new applicants. Work24, Korea's official employment portal, says new support is discontinued from 2024.

That is the main fact for a newly hired foreign resident: do not build a 2026 job decision around this program. If an employer, recruiter, or old blog post says you can still newly join, ask them for a current Work24 source before relying on it.

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What Does Work24 Say About Youth Tomorrow Savings?

Work24's Youth Tomorrow page says:

• from 2024, new support is discontinued,
• only people who had already applied for subscription can apply for government support,
• the 2023 standard shown on the page applied to youth first employed by construction or manufacturing SMEs with at least 5 and fewer than 50 employees,
• a worker paid ₩4,000,000 over 2 years,
• government added ₩4,000,000,
• the company added ₩4,000,000,
• the maturity amount was ₩12,000,000.

This guide does not use the Government 24 page as proof because the current seal registry does not classify gov.kr as Tier 1 for high-stakes atoms. Work24 is a .go.kr official source and is enough for the closure and contribution structure.

What if I Already Have an Account?

Work24 says existing applicants can still request government support. It also describes the maturity-payment step: the Korea SMEs and Startups Agency notifies eligible workers, and the worker applies through the Youth Tomorrow subscription site with documents that prove employment for the relevant period, such as an employment certificate or career certificate.

Work24 also says the youth receives:

• youth self-contribution: ₩4,000,000,
• company contribution: ₩4,000,000,
• government support: ₩4,000,000,
• total: ₩12,000,000 plus interest.

If you are close to maturity, check your own account rather than relying on a general guide. Your account can still depend on your original enrollment year, employer status, payment status, and whether any early-termination reason applies.

What This Guide Does Not Seal

The previous version of this guide made broader claims about foreign-resident eligibility, successor programs, IRP, ISA, and the absence of a foreign-eligible replacement. Those may be useful research leads, but this seal does not use non-Tier-1 pages for those high-stakes eligibility and tax claims.

This guide therefore stays narrow:

• the original Youth Tomorrow program is closed to new support from 2024,
• existing applicants remain the relevant audience,
• the Work24 2023 example structure was ₩4M youth, ₩4M government, ₩4M company, ₩12M maturity.

For other savings routes, use Seoulstart's IRP guide and ISA guide, then confirm eligibility with the account provider.

@misc{seoulstart-korea-youth-tomorrow-savings-guide,
  author = {{Seoulstart Editorial Team}},
  title = {{Youth Tomorrow Savings Fund: Closed to New Applicants Since 2024}},
  year = {2026},
  publisher = {Seoulstart},
  url = {https://seoulstart.com/guides/korea-youth-tomorrow-savings-guide},
  note = {Last updated June 6, 2026}
}