“Yellow Umbrella” Assistance Program for Small Businesses

The Korea Federation of Small and Medium Business (KFSMB) held a launching ceremony of the “Yellow Umbrella” support system for small businesses yesterday at the KFSMB international conference room in Yeouido-dong, Yeongdeungpo-gu, Seoul. The “Yellow Umbrella” support system is a system where businessmen pay a certain amount of money on a monthly basis and receive payments if they have to retire or make a living when affected by unexpected factors such as closure of business or illness. KFSMB Chairman Kim Ki-moon (fourth from the left), and small-time vendors and businessmen are celebrating the event with unfolded yellow umbrellas in their hands.