Korea Housing Finance Corporation Adjusts Monthly Payments for New Housing Pension Applicants Starting March

by Jo Chunghyeon

Published 05 Feb.2025 12:21(KST)

Updated 01 Aug.2025 13:18(KST)

No Change in Monthly Payments for Existing Subscribers and Applicants Before End of February

Korea Housing Finance Corporation (HF) will adjust the monthly payments for new applicants of the Housing Pension starting March 1.

HF Corporation adjusts the monthly payments each year by reflecting the results of recalculating key variables of the Housing Pension, such as ▲housing price increase rate ▲interest rate trends ▲changes in life expectancy according to life tables, in accordance with the Korea Housing Finance Corporation Act, and after resolution by the Housing Finance Operation Committee.

As a result of recalculating major variables such as increased life expectancy and decreased interest rates, the monthly payments for new Housing Pension applicants will slightly increase (by an average of 0.42%) starting March 1. However, existing subscribers and customers who apply by February 28 will continue to receive the previously calculated monthly payments regardless of this adjustment.

President Kim Kyunghwan stated, “As of the end of last year, the total number of subscribers exceeded 136,000 due to efforts such as expanding the preferential Housing Pension for elderly people owning low-priced homes to increase their income.” He added, “The Corporation plans to support the elderly more securely in their retirement through efforts to expand the subscriber base and activate the supply of the Housing Pension.”

Those considering subscribing to the Housing Pension can contact the Corporation’s call center for detailed consultations about monthly payments and other product information, and can apply by visiting a nearby branch.

Example of Monthly Payment for Housing Pension. Provided by Korea Housing Finance Corporation