[New Year's Address] Lee Jeonghwan, President of Korea Housing Finance Corporation, "Accelerating Expansion of Customized Housing Finance"

Through the New Year's Address, the Commitment to Improving Citizens' Housing Welfare Despite the COVID-19 Crisis Conveyed

[Asia Economy Reporter Park Sunmi] Lee Jeonghwan, President of Korea Housing Finance Corporation (HF), emphasized in his New Year's address, "With the mindset of Ubo Manri (牛步萬里), we will realize the happiness of the people and the improvement of housing welfare for the underprivileged."

On the 31st, President Lee stated in his New Year's address, "Even amid the COVID-19 crisis, we will listen to the demands of the people and fulfill our roles and responsibilities for them." To this end, he announced, "We will further expand customized housing finance services essential for each life cycle, such as tailored jeonse and monthly rent guarantees for homeless youth, support for youth housing projects near transit stations, and trust-type housing pensions for the elderly."

President Lee also said, "The post-COVID-19 era will accelerate the transition to a digital era," adding, "We will expand the scope and targets of non-face-to-face policy mortgages, increase financial institutions handling non-face-to-face jeonse deposit guarantees, and enhance the online application system for housing pensions, thereby quantitatively and qualitatively improving the level of non-face-to-face services in the existing policy finance supply mechanism."

He did not forget the need to practice sharing and consideration for those struggling due to COVID-19. President Lee said, "The COVID-19 situation demands greater social responsibility and roles from the Housing Finance Corporation to overcome immediate damages and protect vulnerable groups," adding, "We will strengthen housing finance support for socially considerate groups such as single-parent families and multi-child families, as well as housing vulnerable groups living in goshiwon and jjokbangchon, and lead the activation of ESG (environmental, social, governance) bond investments to realize social value."

Furthermore, internally, he urged the creation of a solid organization capable of turning crises into opportunities. "We must establish an organizational foundation to expand overseas procurement of policy mortgage funds in preparation for potential crises in the domestic financial market and accelerate the transition to a digital organization," he emphasized.

This content was produced with the assistance of AI translation services.