"Sign Up for Yellow Umbrella Online and Receive a 50,000 Won Gift Certificate"

Small Business Love Gift Certificates Offered
August Subscriptions Up 27.3% Year-on-Year
Promotion Runs Through December

The Korea Federation of SMEs announced on September 1 that it will continue the "Support Yellow Umbrella, Revitalize the Domestic Economy" promotion for online subscribers of the Yellow Umbrella program throughout September.

This promotion, which aims to boost sales for small business owners nationwide, began in July and will run for six months. If small business owners or sole proprietors sign up for Yellow Umbrella online, they will receive a 50,000 won Small Business Love Gift Certificate. The Small Business Love Gift Certificate is a mobile consumer coupon issued by the Korea Federation of SMEs and can be used at approximately 1.93 million Zero Pay-affiliated small business merchants nationwide.

Korea Federation of SMEs

As of the end of last month, the number of online Yellow Umbrella subscribers through this promotion reached 10,471, marking a 27.3% increase compared to the same period last year. Since its launch in 2007, Yellow Umbrella has accumulated 3.14 million subscribers and serves as a social safety net for small business owners and sole proprietors to prepare for unexpected business closures and retirement. By offering an annual income tax deduction of up to 6 million won and annual compound interest, the program not only supports stable business operations but also provides opportunities for retirement preparation and business recovery.

Lee Changho, Head of the Mutual Aid Business Division at the Korea Federation of SMEs, said, "Yellow Umbrella will continue to do its utmost as a reliable support system and essential program for small business owners and sole proprietors."

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