HF Transfers Its Housing Finance Know-How to Mongolian Civil Officers

- HF offers a workshop on the nation's housing finance system and financing techniques

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated on June 7, 2018, that it passed on its housing finance know-how to officers from the Ministry of Finance and the Financial Regulatory Commission of Mongolia.  

At a workshop held for the delegation of Mongolian civil officers in charge of financial policy-making and supervision, HF presented a snapshot of the current status of the Korean housing finance market, its oversight mechanism over mortgage lending, and HF products, including the Bogeumjari Loan, mortgage credit guarantees, and JooTaekYeonKeum reverse-mortgage products.

HF CEO Lee Jung-Hwan said, “I hope that this workshop, held under the Knowledge Sharing Program initiated by the Ministry of Strategy and Finance, will foster seamless information sharing and cooperation on housing market trends between our two nations.”

Since it formed an MOU with the Mongolian Housing Finance Corporation in 2007, HF has transferred its know-how on product development, MBS issuance, risk management, and other housing finance techniques to help it stimulate the Mongolian housing finance market.

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On the 7th, HF CEO Lee Jung-Hwan (fourth from left in the front row) and the Mongolian Chief Delegate Sonor Luvsandorj (fifth from left in the front row) posed for a photo before the workshop at HF Headquarters located in Munhyeongeumyung-ro, Busan.