"Our pledge as a state-run financial enterprise trusted by citizens"

The 10th anniversary of KHFC's establishment as the first year for its next step

as a housing finance-specialized institution

"We should keep in mind that we are a public agency implementing government policies and become a state-run enterprise more trusted by citizens," stated Acting CEO Kim Jae-cheon of the Korea Housing Finance Corporation (KHFC) at the institution's 10th anniversary ceremony held on the 3rd at its head office in Sejong-daero, Seoul.

"Now celebrating its 10th anniversary, we at KHFC have firmly established ourselves as the best specialized institution in the field of housing finance," explained Kim. "As Korea's very first long-term, fixed-rate loans, the Bogeumjari Loans have exceeded 61 trillion won in cumulative volume; we have also issued mortgage-backed securities worth 85 trillion won and helped reinvigorate the long-term bond market."

He went on to explain, "Our housing credit guarantees have grown to 27 trillion won in annual volume of guarantees, contributing to improving the quality of housing for ordinary citizens. With more than 18,000 cumulative subscribers, the JooTaekYeonKeum (JTYK) reverse mortgage loans serve as an important safety net for our subscribers to prepare for their later lives."

"Playing a leading role in government policies for controlling household debts, we at KHFC should fulfill our public functions by building our capabilities to respond proactively to the changing policy environment," added Kim.