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If you are a young person living in Busan, this is your chance! Doubling your joy through savings
A new opportunity for young people living and working in Busan to build lump-sum assets has opened up. Recruitment for participants in the '2025 Busan Youth Double Joy Savings Account' has begun.
This program operates on the basis that if individuals save 100,000 won each month, the city of Busan will contribute the same amount. This support allows for the formation of assets of over 7.2 million won upon maturity.
In particular, this year, the number of recruits has increased to 6,000, and the application conditions have been significantly relaxed, providing more young people the chance to benefit from this program.
What benefits are available? Save 100,000 won per month to prepare up to 7.2 million won
The 'Double Joy Account' is a system where young people can receive additional support from the city for equal savings if they save 100,000 won per month for either 2 or 3 years.
If you save for 2 years, your personal savings of 2.4 million won will be matched by 2.4 million won from the city, totaling 4.8 million won with interest.
If you save for 3 years, your personal savings of 3.6 million won and the city’s support of 3.6 million won will add up to 7.2 million won with interest.
This accumulated fund can be utilized for various purposes such as housing costs, startup and operational funds, wedding expenses, education costs, and loan repayments.
Application conditions and eligibility requirements
The age requirement includes individuals born between January 1, 1985, and December 31, 2007, covering an age range of 18 to 39 years.
Residency must be registered as a resident of Busan Metropolitan City.
In terms of income, it applies to those with a monthly income of 3,589,000 won or less, where the health insurance premium is set at 127,230 won for workplace subscribers and 58,386 won for regional subscribers.
Employment conditions include individuals who are covered by at least one of the four major insurances, as well as self-employed individuals, and daily workers who must have worked for at least 20 days in the previous month and the current month combined.
Application period and method
The announcement date for recruitment is July 1, 2025. Applications will be accepted from 9 AM on July 8, 2025 (Monday) to 6 PM on July 23, 2025 (Tuesday).
Applications can be made online at the official website of the Busan Youth Double Joy Savings Account, www.boogi2.kr. You can easily apply by filling out a simple application form without submitting any supporting documents.
Summary of changes for 2025
This year, the ‘Double Joy Account’ has had its conditions improved to allow more young people to participate.
| Item | As of 2024 | 2025 Changes |
| Number of recruits | 4,000 | 6,000 |
| Monthly income requirement | Less than 3,343,000 won | Less than 3,589,000 won |
| Daily worker criteria | Work as of announcement date | Work 20 days in total from previous and current month |
| Financial education | Online education only | Online + Offline (twice a year) |
Final selection and future schedule
The final announcement date is scheduled for September 4, 2025. The opening of accounts and the signing of agreements are expected to take place in September. Savings will begin after mid-September.
Final selections will be made through a random draw and qualification assessment, with various programs provided, including youth financial consulting, financial education, and credit recovery support.
The 'Double Joy Account' offers a chance for young people in Busan to save for larger sums, so this opportunity must not be missed.
With conditions for applying to be further relaxed and participation expanded in 2025, now is the perfect time to start. Be sure to check your eligibility before applying and remember the online application schedule.
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Frequently Asked Questions (FAQ)
Q. What is the 2025 Busan Youth Double Joy Account?
It is a savings support program that allows young people in Busan to prepare up to 7.2 million won by saving 100,000 won monthly, with the city matching the same amount.
The 2025 Busan Youth Double Joy Account is a savings support program operated by the city of Busan to assist young people in forming large sums of money. Participants can save 100,000 won each month for either 2 or 3 years, receiving an equal amount of support from the city. Those saving for 2 years can receive a total of 4.8 million won, and those saving for 3 years can receive a maximum of 7.2 million won, plus interest, greatly aiding youth asset formation.
Q. Who can apply for the 2025 Busan Youth Double Joy Account?
Young people aged 18-39 who were born between January 1, 1985, and December 31, 2007, live in Busan, and meet the income criteria may apply.
Eligibility for application is restricted to young people aged 18 to 39 who were born between January 1, 1985, and December 31, 2007, and must be registered as residents of Busan Metropolitan City. Income must be below 3,589,000 won, with health insurance premiums for workplace subscribers not exceeding 127,230 won and for regional subscribers not exceeding 58,386 won. Additionally, either employed or self-employed individuals, as well as daily workers, must have worked at least 20 days in the previous and current month combined.
Q. What is the application period and method?
Applications can be submitted online through the official website from July 8 to July 23, 2025.
Applications can be submitted online via the official site (www.boogi2.kr) from 9 AM on July 8, 2025, to 6 PM on July 23, 2025. Only a simple application form needs to be filled out, and there is no requirement for additional supporting documents, making it convenient. Checking your eligibility before applying is crucial.
Q. What has changed in the 2025 Double Joy Account system?
Application conditions have been relaxed and the number of recruits has increased to 6,000, allowing more youth to participate.
In 2025, the conditions for participation in the 'Double Joy Account' have been significantly relaxed, allowing many more young people in Busan to receive benefits. The number of recruits has also been expanded from the previous number to 6,000, broadening the opportunities for support. This reflects the city’s intent to actively support youth asset formation and economic independence.
Q. What will the final selection and future schedule look like?
The final announcement will be made on September 4, 2025, with account openings in September and savings beginning after mid-September.
The results of the final selection will be announced on September 4, 2025, determined through random drawing and eligibility assessment. Selected youth will undergo account opening and agreement signing procedures in September, beginning their savings after mid-September. Various associated programs, such as financial consulting, financial education, and credit recovery support, will also be offered to assist youth in attaining economic independence.
