HF Signs an MOU with KakaoBank 

- HF pushes ahead with promoting Fintech for housing finance product development

Korea Housing Finance Corporation and KakaoBank have signed a memorandum of understanding (MOU) to improve customer convenience by launching financial products related to housing finance.  

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) revealed that it reached an MOU with KakaoBank (co-chaired by Lee Yong-Woo and Yun Ho-Young) for comprehensive partnership for innovation in financial services, including fintech promotion, on January 17, 2018.

It added that under the MOU, the two companies will build a partnership for improved financial services through promoting fintech and developing financial products with greater customer convenience. 

HF CEO Lee Jung-Hwan stated, “We will actively support the housing stability of the low- and middle-income groups by embracing fintech which can boost customer convenience.”

At the same time, as part of its efforts to promote non-face-to-face channels which replace visiting a physical bank for its housing finance products, HF already expanded its scope of valid digital signatures last July to include digital certificates, including ones issued by KakaoBank. This allows financial transactions not only via the existing public key certificates but also via KakaoBank certificates.

<Image Description>

On the 17th, HF CEO Lee Jung-Hwan (middle) poses for a photo with Lee Yong-Woo (right) and Yun Ho-Young, Co-Chairs of KakaoBank, after signing an MOU for comprehensive partnership for innovation in financial services, including fintech promotion, at the KakaoBank headquarters in Pangyoyeok-ro, Bundang-gu, Sungnam-si.