Gwangju Bank and Korea Housing Finance Corporation Sign Joint Business Agreement to Promote Housing Pension 활성화

[Asia Economy Honam Reporting Headquarters Reporter Jin-Hyung Park] Gwangju Bank (President Song Jong-wook) announced on the 24th that it signed a business agreement at its headquarters with Korea Housing Finance Corporation (President Choi Jun-woo) for a joint project to revitalize the Housing Pension.

The Housing Pension, a reverse mortgage product that pays lifelong pensions using the house owned and occupied by elderly people aged 55 and over and middle-aged people as collateral, is considered a representative system for securing stable retirement funds.

Accordingly, Gwangju Bank and Korea Housing Finance Corporation agreed through the business agreement to establish a mutual cooperation system for the stable retirement life of the elderly and middle-aged, and to promote joint publicity and a joint project to revitalize the Housing Pension for senior financial activation.

In addition, Gwangju Bank plans to operate a dedicated counter and a counseling specialist training program to revitalize the Housing Pension, and to promote joint publicity and marketing in cooperation with Korea Housing Finance Corporation to raise awareness of the Housing Pension system.

Song Jong-wook, President of Gwangju Bank, said, “We will do our best to fulfill the role of the representative bank of Gwangju and Jeonnam to contribute to the stable retirement life of the elderly and middle-aged in the region. In addition, through various financial supports that embrace the financially marginalized, we will coexist with the region and walk together with the local people to practice the management philosophy of ‘pursuing value beyond profit.’”

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