Housing Pension Subscribers Exceed 150,000...Establishing Itself as a Retirement Safety Net for the Elderly
18 years after its 2007 launch... average age 72.4, monthly benefit 1.27 million won
Korea Housing Finance Corporation (President Kim Gyeonghwan) announced on February 4 that the cumulative number of Housing Pension subscribers has exceeded 150,000. To commemorate this milestone, the corporation held a ceremony that day to celebrate reaching 150,000 subscribers.
The Housing Pension is a scheme under which South Korean citizens aged 55 or older who own a home with an officially assessed value of 1.2 billion won or less can pledge their own home as collateral and receive a stable lifelong pension. Since its launch in July 2007, it has served to supplement post-retirement income for the elderly and function as an old-age safety net.
The 150,000th subscriber is senior citizen Yu Sanggeum, who lives in an apartment located in Gwangju. The subscriber stated that they chose the Housing Pension because it allows them to live in their own home for life while receiving a monthly pension.
Kim Gyeonghwan, President of Korea Housing Finance Corporation, said, "Exceeding 150,000 cumulative Housing Pension subscribers is a meaningful achievement made possible by the trust and interest of the people," adding, "We will continue to improve the system and customer service so that it can serve as a reliable old-age safety net for the elderly."
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Since 2016, the Housing Pension has recorded more than 10,000 new subscribers every year. The cumulative number of subscribers surpassed 50,000 in January 2018 and 100,000 in July 2022, and as of December 2025 it has exceeded 150,000. The current average age of subscribers is 72.4 years, the average price of the homes used as collateral is 396 million won, and the average monthly pension benefit is about 1.27 million won.
While the Korea Housing Finance Corporation held the "Housing Pension 150,000th Subscriber Appreciation Event," Kim Kyunghwan, President of the Korea Housing Finance Corporation (right), and the 150,000th subscriber Yoo Sanggeum are posing for a commemorative photo.
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