HF Takes the Initiative to Improve the Residential Welfare of Low- and Middle-Income and Underserved Households
- Date 2018-12-31
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HF Takes the Initiative to Improve the Residential Welfare of Low- and Middle-Income and Underserved Households
- HF CEO Lee Jung-Hwan unveils his commitment to inclusive housing finance in his New Year's speech
Korea Housing Finance Corporation (HF) CEO Lee Jung-Hwan revealed in his New Year's address, “I am committed to realizing inclusive housing finance to improve the residential welfare of low- and middle-income households and underserved people.”
HF CEO Lee also said, “As the financial burden of the low-income bracket increases due to the unprecedentedly growing income gap, HF will take the lead in strengthening the housing safety net for low- and middle-income people. In addition, to improve the current structure of household debt, we will ensure a stable supply of state-sponsored mortgages. At the same time, by expanding MOU-based guarantee services in partnership with local governments and financial institutions, we will reinforce our support for socially marginalized groups.” He went on to say, “By ensuring the stable presence of our JooTaekYeonKeum (JTYK) program, we will make sure that JTYK serves as one of the main pillars of social security.”
Calling on HF employees to practice ‘financial services at the customers’ door’ and to deliberate on the future, Mr. Lee stressed, “We must work to get rid of any gray area in housing finance and proactively respond to the rapidly changing needs of financial consumers.”