Yellow Umbrella System Overhaul Allows Applications Without Physical Documents... "Expecting Customer Convenience"

[Asia Economy Reporter Kim Bo-kyung] The Korea Federation of SMEs announced that it has established and opened the next-generation Noranwoosan system on the 16th to enhance the convenience of subscribers to Noranwoosan, the public pension system for small businesses and small merchants.

This Noranwoosan system overhaul is aimed at responding to the changing financial IT environment. Through the next-generation system, customer convenience features such as △simplification of customer-submitted documents △establishment of a direct work environment △expansion of authentication methods will be improved.

In particular, the new Noranwoosan system utilizes the public MyData of the Ministry of the Interior and Safety, allowing subscription and deduction payment applications without submitting five types of physical documents that previously had to be submitted directly.

Additionally, through △application of standard linkage methods △complete overhaul of the business system △improvement of bulk transfer methods, the system has expanded subscription channels and established a stable operational foundation.

A Noranwoosan official stated, "We expect that the construction of this next-generation system will improve the convenience of Noranwoosan customers' work and reduce processing time."

Meanwhile, Noranwoosan is a mutual aid system operated by the Korea Federation of SMEs and supervised by the Ministry of SMEs and Startups to provide living stability and business recovery funds for small businesses and small merchants. As of May, Noranwoosan has surpassed 1.6 million registered subscribers and 19 trillion won in contributions.

This content was produced with the assistance of AI translation services.