Korea Housing Finance Corporation Implements Inclusive Finance for the Socially Disadvantaged and Genuine Demanders

2024 HF Housing Finance Conference Held

Exploring 20 Years of Achievements and Future Development Plans

Korea Housing Finance Corporation (HF, President Choi Junwoo) announced on the 1st that it held the "2024 HF Housing Finance Conference" at the Bankers Club in Myeong-dong, Seoul, under the theme "20 Years of Achievements in Housing Finance and Future Challenges."

To commemorate the 20th anniversary of the founding of Korea Housing Finance Corporation, the event included a look back at its history and a ceremony to present plaques of appreciation to individuals who contributed to the establishment and development of the corporation.

Choi Junwoo, President of Korea Housing Finance Corporation, stated in his opening remarks, "The corporation will actively practice inclusive housing finance for the housing stability of socially disadvantaged groups and real demanders by easing eligibility requirements for the housing pension and developing new guarantee products to provide additional support for normal PF projects."

Korea Housing Finance Corporation is holding the 'Housing Finance Conference' to commemorate its 20th anniversary.

President Choi further emphasized, "Today's conference is meaningful as it serves as a platform to review the achievements of housing finance over the past 20 years since the establishment of the corporation and to gather wisdom and capabilities for future development. I hope it becomes a valuable forum for discussing effective housing finance policies."

Kim Soyoung, Vice Chairman of the Financial Services Commission, delivered a congratulatory speech, stating, "Since its establishment in 2004, Korea Housing Finance Corporation has maintained a balance between marketability and public interest, serving as a pillar of Korea's housing finance market." She urged, "As a core institution in housing finance, the corporation should seize change as an opportunity and lead various innovations."

She added, "Efforts are needed from the corporation to stabilize housing for the younger generation, expand long-term fixed-rate products, and enhance the utilization and subscription rate of the housing pension. The Financial Services Commission will always provide full support for all efforts made by the corporation."

At the conference, Kim Kyunghwan, Professor Emeritus at Sogang University, delivered a keynote speech on the topic "HF Corporation's Contribution to the Development of Housing Finance and the Need to Improve Housing Standards through Expanded Financial Inclusion," followed by presentations from other experts.

For Presentation I, Ko Jeheon, Head of HF Policy Research Team, spoke on "Trends in Global Housing Finance Policy and Korea's Uniqueness?Focusing on Public Support." For Presentation II, Lee Yongjae, Professor at Ulsan National Institute of Science and Technology, addressed "Hyper-personalization: The Future of Artificial Intelligence and Housing Finance."

During the panel discussion on "Directions and Challenges for Korea's Housing Finance," experts from academia and the financial sector, including Shin Seungwoo, Professor at Konkuk University, Hong Jeongui, Professor at Handong University, Kim Byungkook, Head of HF Research Planning Team, Lee Jinman, Professor at DePaul University, and Jung Heesoo, Director of Hana Institute of Finance, offered various suggestions.

HF Corporation plans to actively explore its future roles and directions based on the diverse opinions presented at this conference.

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