HF Expands Partnerships to Promote Long-Term Fixed-Rate Mortgage Loans

- Signing Covered Bond Guarantee Agreement with  Standard Chartered Bank Korea

Korea Housing Finance Corporation (HF, CEO Kim Kyung-Hwan) announced on the 23rd that it signed a ‘Covered Bond Guarantee Agreement‘ with Standard Chartered Bank Korea at the bank’s headquarters in Jongno-gu, Seoul, to promote the supply of long-term fixed-rate mortgage loans by commercial banks. <Photo Attached>

Through this agreement, SC First Bank will be able to issue covered bonds backed by HF’s guarantee and secure stable funding sources for mortgage loans, which is expected to allow more financial consumers to access long-term fixed-rate mortgage products.

HF CEO Kim Kyung-Hwan stated, “Including SC First Bank, HF has established the foundation for promoting long-term fixed-rate mortgage loans through covered bond guarantee agreements with a total of nine banks,“ adding, “HF will continue to strengthen cooperation with private financial institutions and actively support the expansion of the covered bond market.“

HF’s covered bond guarantee program, which has been in operation since May 2024, has been designated as an innovative financial service under the Special Act on Support for Financial Innovation.

<Photo Description>

HF signed a ‘Covered Bond Guarantee Agreement‘ with SC First Bank on the 23rd at the bank’s headquarters in Jongno-gu, Seoul. HF CEO Kim Kyung-Hwan (right) and SC First Bank CEO Lee Kwang-hee pose for a commemorative photo after the signing ceremony.