The Legal Secret to Instantly Raising Your Subscription Savings Account Score from '42 Points to 61 Points'

'Subscription Savings, Subscription Deposits, and Subscription Installments' Products Transferable by Gift
Parent-Child Must Be in the Same Household and Child Must Be the Head of Household

View of apartments in Songpa and Gangnam areas from Maebongsan Mountain in Seoul

As apartment prices continue to soar, the dream of owning a home through subscription has become even more urgent. The number of subscribers to the Housing Subscription Comprehensive Savings has exceeded 25 million. The problem is that for those in their 20s and 30s aiming for subscription, the subscription system is almost like a "pie in the sky."

Currently, the subscription score for general supply is out of a total of 84 points, which includes the period of being homeless, the number of dependents, and the subscription savings account subscription period. For each additional dependent such as a spouse or child, 5 points are added, and for each additional year of being homeless, 2 points are added. This structure favors middle-aged and elderly groups. In some Seoul housing cases, perfect subscription scores have been achieved, and the average winning score in most metropolitan areas is above 60 points. This is the background behind why those in their 20s and 30s give up on subscription and are driven to "panic buying."

In this situation, attention is drawn to ways to instantly increase subscription scores. One such method is gifting a subscription savings account.

According to KB Kookmin Bank’s real estate platform LiveOn on the 24th, there are currently four types of subscription savings accounts in the market: ▲Subscription Savings ▲Subscription Deposit ▲Subscription Installment Savings ▲Housing Subscription Comprehensive Savings. New subscriptions for Subscription Savings, Subscription Deposit, and Subscription Installment Savings were discontinued from September 1, 2015, and now everything is unified under Housing Subscription Comprehensive Savings.

The products eligible for gifting are the three types of accounts?Subscription Savings, Subscription Deposit, and Subscription Installment Savings?that are no longer available for new subscriptions. Housing Subscription Comprehensive Savings only allows name changes through personal name changes or inheritance after death.

Subscription Savings can be gifted regardless of the subscription date. For Subscription Deposit and Subscription Installment Savings, only accounts opened before March 26, 2000, are eligible.

To gift a subscription savings account, the recipient?such as a spouse or child who inherits the account?must become the head of the household. For example, if a father who subscribed to a Subscription Deposit before March 26, 2000, wants to gift the subscription account to his child living in the same household, the son must become the head of the household, and the father must become a household member. Even if the recipient is the head of the household, gifting is not possible if the households are separated. However, in the case of a spouse, gifting is possible even if the households are separated.

There is no limit to the number of times a subscription savings account can be gifted, but to use the gifted account, the recipient must cancel any existing subscription savings accounts they hold. Deposits in the existing subscription accounts cannot be combined with the gifted account.

Although the conditions are somewhat strict, if one receives a subscription savings account gifted by parents who have been subscribed for a long time, the chances of winning a housing subscription can increase significantly. For example, a 30-year-old office worker with a subscription score of only 40 points may see their score jump to 60 points, which is sufficient to win in the metropolitan area.

M, a 30-year-old office worker living with a spouse and two children, has less than 7 years each for both the homeless period and subscription savings account subscription period. Calculating M’s subscription score: 14 points for homeless period (6 years or more but less than 7 years), 20 points for number of dependents (3 people), and 8 points for subscription savings account subscription period (6 years or more but less than 7 years), totaling 42 points. It is difficult to even expect to win a subscription in the metropolitan area, let alone Seoul.

However, if M receives a subscription savings account gifted by their parents, there is an opportunity. Suppose M’s parents subscribed to a Subscription Deposit before March 26, 2000, and M receives it as a gift. The homeless period remains the same at 14 points, but the number of dependents increases to 30 points (5 people), and the subscription savings account subscription period increases to 17 points (15 years or more), giving M a total of 61 points. This is a score worth hoping for in subscription wins.

The increase in points for the number of dependents is due to the conditions required for gifting a subscription savings account. To receive a gifted subscription account, one must be in the same household as the parents. In other words, by merging households with the parents to receive the subscription account, the number of dependents increases, thereby raising the scores in two categories.

KB LiveOn stated, "Subscription savings accounts play a significant role in housing subscriptions, so it is essential to hold one. Especially when receiving a gifted or inherited subscription account, it instantly raises the subscription score, so it is important to use it strategically."