Korea Housing Finance Corporation Establishes Dedicated AI Department... Identifies Risks in Lease Contracts
Inclusive Financial Services Tailored to Every Life Stage
Supporting the Revitalization of the People's Economy
Korea Housing Finance Corporation announced on October 1 that it has carried out an organizational restructuring focused on a safety-first policy, including the establishment of a dedicated artificial intelligence (AI) department.
The corporation has selected the following strategic initiatives in line with national policy objectives: leading the adoption of AI among public institutions, spearheading green growth, and supporting inclusive financial services tailored to each stage of life.
To achieve these goals, the corporation plans to develop housing finance services utilizing AI that the public can experience firsthand, and to support the revitalization of eco-friendly housing supply. In addition, it will actively support government policies aimed at stabilizing livelihoods and strengthening residential welfare.
First, the corporation will respond to the national AI transformation by innovating customer services through AI. By leveraging AI models, it will provide information such as local market prices and actual transaction cases, enabling citizens to identify potential risks before signing housing lease contracts, and will establish a system for preemptive risk assessment. Korea Housing Finance Corporation previously became the first financial public institution to independently develop a GPT-based tool ("HFGPT") available on its internal network.
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Kim Kyunghwan, President of Korea Housing Finance Corporation, stated, "With the selection of these strategic initiatives and the organizational restructuring, we have laid the foundation for fulfilling the government's policy objectives," adding, "The corporation will continue to take the lead in supporting government policies for revitalizing the people's economy and responding to the climate crisis."
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