HF Signs MOU with Mongolian Mortgage Corporation
- Date 2018-07-03
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HF Signs MOU with Mongolian Mortgage Corporation
- HF participates in the 5th ASMMA General Assembly from July 2 to 3
- HF CEO Lee Jung-Hwan elected to chair the 6th ASMMA
During its participation in the 5th General Assembly of the Asian Secondary Mortgage Market Association (ASMMA) held from July 2 to 3, 2018, at Shangri-La Hotel in Ulaanbaatar, Mongolia, Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) announced on the 3rd that it reached a memorandum of understanding (MOU) on housing finance with the Mongolian National Mortgage Corporation.
By signing the MOU, both corporations pledged to promote bilateral cooperation in a wide range of areas, including ▲ exchanging knowhow on housing finance policies, housing market research methodologies, and mortgage liquidation, ▲ holding joint seminars, workshops, and conferences, and ▲ transferring expertise on housing finance, promoting personnel exchanges, and carrying out other forms of cooperation.
At this year’s General Assembly, HF CEO Lee Jung-Hwan was elected to chair the 6th ASMMA* General Assembly from January 1 through December 31, 2020.
* ASMMA was launched in 2014 by Cagamas Berhad, the Malaysian National Mortgage Corporation, to foster mutual exchange and development among secondary mortgage corporations in Asia. Today, its members include secondary mortgage corporations from seven Asian countries, including the Secondary Mortgage Corporation (SMC) of Thailand and the Japanese Housing Finance Agency (JHFA).
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On the 2nd (local time), HF signed an MOU on housing finance with the Mongolian National Mortgage Corporation at Shangri-La Hotel in Ulaanbaatar, Mongolia. From left, MIK CEO Gantulga Badamkhatan; HF CEO Lee Jung-Hwan; and Mr. Sonor Luvsandorj, Director of the Financial Market and Insurance Division under the Financial Policy Department at the Mongolian Ministry of Finance.
