Yellow Umbrella to Provide Leap Support Fund for Diligent New Start Fund Repayers

Leap Support Fund for Yellow Umbrella Members
Who Have Made at Least Three Normal Repayments
to the New Start Fund

The Korea Federation of SMEs announced on July 31 that it has signed a business agreement for the Small Business Owners and Self-Employed New Start Fund and Small Business Owners Recovery Support, and will launch the "New Start Fund-Yellow Umbrella Leap Support Fund" program.

This program was initiated to help diligent payers of the New Start Fund prepare for unexpected business management crises such as closure through the Yellow Umbrella, and to support them in establishing a stable foundation for their livelihoods.

The Leap Support Fund amounts to 100,000 KRW and will be provided to small business owners who join the Yellow Umbrella by December 15 of this year, have signed a New Start Fund agreement and made at least three normal repayments, and maintain their Yellow Umbrella contract as of the payment date.

Applicants must submit a "New Start Fund Repayment Confirmation" when applying, and inquiries regarding the issuance of documents can be addressed through the New Start Fund Customer Center.

Kim Ki-moon, Chairman of the Korea Federation of SMEs, stated, "The Leap Support Fund is significant not only as a simple form of support, but also because it enables small business owners to prepare for future uncertainties through the Yellow Umbrella even after debt adjustment." He added, "We hope this agreement will serve as an opportunity to broaden the foundation for small business owners' recovery, creating an environment where more small business owners can operate their businesses stably."

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