GH, Highest Credit Rating for 15 Consecutive Years... Unsecured Bonds AAA · Commercial Paper A1

Gyeonggi Housing and Urban Corporation

Gyeonggi Housing and Urban Corporation (GH) has achieved the highest credit ratings of AAA and A1 for unsecured bonds and commercial paper credit ratings, respectively. This marks the 15th consecutive year of attaining the highest ratings since 2010.

Since its establishment in 1997, GH has experienced continuous and stable growth through land development, industrial complex development, and housing projects. Its capital increased 14-fold from 124.4 billion KRW at inception to 1.7545 trillion KRW, and its asset size surged 96-fold from 165.6 billion KRW to 15.9551 trillion KRW.

Additionally, GH has established a risk management system based on thorough feasibility analysis and verification of new projects, continuous business profitability management for ongoing projects, and mid- to long-term financial management plans, resulting in no recorded deficits since its founding.

Kim Se-yong, President of GH, stated, "Based on our stable credit ratings, we will expand the supply of rental housing not only for low-income groups but also for newlyweds, young professionals, and the elderly. We will also promote equity accumulation-type sale housing for non-homeowning workers to provide more, equitable, and better housing services."

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