Korea Housing Finance Corporation Selected for Excellent Proposal Responding to Demographic Changes
"Providing Financial Products Desired by Consumers Based on National Proposals"
Korea Housing Finance Corporation (HF) selected six outstanding policy proposals through the "Public Policy Proposal Contest for Responding to Population Structure Changes such as Low Birthrate, Ultra-Aging, and Regional Disappearance."
The grand prize was awarded to a regional disappearance response idea titled "Refund of Interest Costs on Home Loan for Long-Term Residents in Rural Areas." Excellence awards were given to ideas addressing the ultra-aging society, including "Preferential Jeonse Deposit Guarantee for Families Supporting Elderly" and "Preferential Interest Rates for Simultaneous Use of HF Products by Parents and Children."
HF held the policy proposal contest open to the entire nation from September 30 to November 29, receiving a total of 210 proposals. Among them, prizes were awarded as follows: grand prize of 1,000,000 KRW (1 person), excellence awards of 500,000 KRW each (2 persons), and encouragement awards of 300,000 KRW each (3 persons).
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President Kim Kyunghwan said, "We appreciate the great interest shown in the policy proposal contest for responding to population structure changes," and added, "Based on the valuable opinions from the public, we will continue to provide housing finance products that meet the needs of financial consumers."
Award-winning Proposal for National Policy Responding to Demographic Changes. Provided by HF
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