□  MBS Investment Limit on Insurers Removed

As of March 2006, insurers are now able to invest in MBS issued by KHFC without limitation as it   has been granted as "securities exception to investment limitations", which also include   government bonds.

up until now, the Insurance Business Act capped investment of total assets in a single bond  issue at 7%, and it was a major impedient to investment by Korean and foreign insurers that prefer MBS.

This change indicates that the stability and profitability of MBS have been proven in the bond   market.