Also known as yellow umbrella mutual aid fund
Yellow Umbrella Mutual Aid Fund, known in Korean as Noranusan, is a public pension-type fund based in Seoul, founded in 2007. It operates as a mutual aid scheme for owners of small businesses and sole proprietors, providing a way to build savings that protect them in cases such as business closure or retirement. Eligible participants are individual and corporate representatives of small enterprises. The program offers an annual income deduction of up to 6 million won on contributions and compound interest. It also provides loans to members. Reported assets are about $18.1 billion.
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Yellow Umbrella Mutual Aid Fund is a public pension fund based in Seoul, South Korea, managing approximately $18.1B in assets.
Yellow Umbrella Mutual Aid Fund is headquartered in Seoul, South Korea.
Yellow Umbrella Mutual Aid Fund manages approximately $18.1B in assets under management.
Yellow Umbrella Mutual Aid Fund was founded in 2007.
Yellow Umbrella Mutual Aid Fund focuses on Balanced, Buyout, Direct Secondaries, Early Stage, Early Stage: Seed, Early Stage: Start-up, Expansion / Late Stage, Fund of Funds.
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