HUG Holds 'Face-to-Face Win-Win Communication Workshop' with Housing Industry After 4 Years

The Housing and Urban Guarantee Corporation (HUG) announced on the 13th that it held the '2023 Housing Industry Practitioners Workshop' over two days on the 9th and 10th at the Haeundae Central Hotel in Busan, inviting practitioners from the housing industry.

This workshop, which had been suspended due to the spread of COVID-19, was held on a large scale for the first time in four years since 2019. A total of about 100 participants attended, including representatives from over 50 construction companies, trust companies, and other housing industry entities nationwide, as well as officials from the Korea Housing Association and the Korea Housing Builders Association.

In his greeting, Choi Byung-tae, Head of HUG's Financial Business Division, said, "We will do our best to improve the residential welfare of the people and support the housing industry," adding, "We hope that HUG and the housing industry will continue to move forward together to foster a sound real estate market and growth."

Meanwhile, since the end of last year, HUG has implemented various institutional improvements to supply liquidity to the housing industry, such as easing the guarantee targets and requirements for PF loans and interim payment loans. Recently, efforts are underway to further expand the guarantee targets and limits for PF loans and to further relax guarantee requirements to revitalize housing supply.

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