Yeheun Sahrahng Nahum Committee was established in March 2000, to implement a Grameen Bank Replication Program. In June of last year, Grameen Trust signed an agreement with YSNC for providing $50,000 as seed capital and so far $20,000 has already been disbursed by way of first installment.

Korea was one of the countries worst affected by the Asian economic crisis of 1998. The establishment of the Yeheun Sahrang Nahum Committee has been, to some extent, a step towards mitigating the negative influence of this crisis. Joyful Union, an organization under the YSNC, that manages microcredit projects following the Grameen Bank Replication Program, is dedicated to educating people to achieve economic independence. Grameen Trust of Bangladesh and CITIBANK Korea are collaborating with Joyful Union. YSNC's goals include providing equal opportunities with regard to education and working with low income groups to make them self-sufficient.

As of January 2001, YSNC has disbursed a total of 12,023,000 Won, of which 2,180,043 Won has already been repaid. The repayment rate is 100%. Loans are usually used for preparation and sale of food products, farming, poultry, and so on. At present, Grameen Trust has arranged training programs for the staff of YSNC, to help them with successful implementation of the microcredit program. Three members of YSNC have completed this training, which includes looking into GB's projects, how loans are given out and how to best utilize them, following the Grameen methodology. With this training, YSNC is hoping that necessary skills required for implementation of the project would be attained.