Kim Kyung-hwan, president of the Korea Housing Finance Corporation, distributed a New Year's message on the 31st, stating that they will provide housing finance needed by financial consumers.
Kim noted, “In response to changes in population and social structure such as low birth rates, aging, climate change, and low growth, we will pursue the development of innovative dwellings financial products without any setbacks.”
He continued, “We are facing a severe situation where uncertainties such as interest rates and exchange rates are increasing,” adding, “We must review and prepare for sectors vulnerable to domestic and external shocks, while paying special attention to company-wide risk management and enhancing financial soundness.”
Additionally, he said, “We will strengthen the Corporation's core competencies in securing the core competitiveness of the home mortgage loan, enhancing the funding system, improving the jeonse (lease) guarantee and jeonse return guarantee systems, and activating participation in housing annuities.”