The Small Business Association is launching a 'Referral Event' to encourage new sign-ups for the Yellow Umbrella program.
According to the association on October 5, the 'Referral Event' allows existing Yellow Umbrella members to recommend the program to acquaintances. If the referred individual signs up, both the referrer and the new member will receive a $50 digital pay coupon (selectable via Naver Pay or Kakao Pay).
There is no limit to the number of referrals. For each successful new sign-up from a recommendation, the referrer will receive $50 in digital pay. To qualify as a referrer, one must be an active member of the Yellow Umbrella program on the day of the referral, and participation can be done through the Yellow Umbrella app.
Interested members should install and log into the Yellow Umbrella app, then send an automatically generated text message from the 'Referral Event' menu on the main screen to their acquaintances. The event participation is completed when the referred individual signs up through the link in the text message.
The event runs until November 30. Digital pay will be automatically credited to the mobile phones of both the referrer and the new member without any additional application process after the new sign-up is completed next month.
Previously, in August, the Small Business Association conducted a promotion where new members signing up through the Yellow Umbrella website or mobile app received a $50 coupon for Naver Pay or Kakao Pay.
The Yellow Umbrella program, established in 2007 by the Small Business Association, supports small businesses and self-employed individuals facing management crises due to business closures or aging. As of October, the program has surpassed 1.92 million registered members. Benefits of joining include income tax deductions and opportunities to save for significant expenses.
Lee Chang-ho, head of the Small Business Association's insurance division, stated, "We hope this event will provide an opportunity for existing members to introduce the Yellow Umbrella program to small businesses and self-employed individuals in their networks, allowing them to enjoy its benefits together. We plan to continue offering diverse services for the stable management and better future of small businesses."
* This article has been translated by AI.
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