Housing Finance Corporation Supports Installation of Smart Shade Structures in Busan

On the 12th, the Korea Housing Finance Corporation supported the installation of 'HF Smart Shade' at four locations in Nam-gu to reduce heatwave damage for local residents. Lee Jeong-hwan, President of the Korea Housing Finance Corporation (left), and Park Jae-beom, Mayor of Nam-gu, Busan, are posing for a commemorative photo at the Nam-gu Office in Daeyeon-dong, Busan.

[Asia Economy Reporter Park Sun-mi] Korea Housing Finance Corporation announced on the 12th that it will support the installation of ‘HF Smart Shade’ by Nam-gu Office of Busan Metropolitan City to reduce heatwave damage to local residents.

The smart shades supported by the Housing Finance Corporation will be installed at four crosswalks with high pedestrian traffic in Nam-gu, Busan. These shades, which combine Internet of Things (IoT) and solar power technology, automatically open and close according to temperature and wind, and have LED lights that turn on at night.

Lee Jeong-hwan, President of the Housing Finance Corporation, said, “I hope that the installation of these smart shades will help local residents endure this summer, which has seen repeated heavy rain and heatwaves,” and added, “As a public institution relocated to Busan, we plan to continuously expand customized social contribution activities that local residents can directly experience.”

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