HF invites fresh ideas for new housing finance products

- The public contest seeks ideas for HF’s new products and other housing finance solutions

- The contest’s application period lasts until December 20th; winners will receive benefits upon their job application to HF

The Korea Housing Finance Corporation (HF, CEO Seo Jong-dae) is holding the “New Product Idea Contest for Promoting Creative Housing Finance” The contest aims to promote housing finance solutions for low-income households, encompassing new instruments related to existing HF offerings—guarantees for chonsei (returnable lump-sum deposit) loans, Bogeumjari mortgage loans, and JooTaekYeonKeum (JTYK) reverse mortgage loans to name a few—as well as hybrid vehicles combining HF’s financial instruments.

The application period will remain open until December 20, 2013. Any individuals or teams (of up to two members) may apply via HF’s official website (www.hf.go.kr).

HF will select a total of 14 winners, with Grand Prix and First Prize winners (or winning teams) receiving prize certificates and money as well as exemptions from the paper screening and written test upon their application to HF’s public recruitment process for new hires—only once until 2015. The winners will be announced on HF’s official website by the end of December 2013.

Prize Types and Details

For more information, visit HF’s official website (www.hf.go.kr) or contact the official in charge of the New Product Idea Contest (02-2014-8649).