HF transfers its securitization knowhow to Kazakhstan

- HF and Kazakhstan’s KMC sign an MOU -

Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) transfers its knowhow in housing finance, including mortgage-backed security (MBS) structuring and market stimulation, to Kazakhstan Mortgage Company (KMC), Kazakhstan’s state-owned mortgage lender. 

More specifically, HF announced on the 12th that it signed a memorandum of understanding (MOU) with KMC to pass on its expertise in the mortgage business, such as mortgage issuance and market stimulation, and to foster ties in the housing finance sector between the two institutions <see the image below>.

An HF official said, “This MOU will expand our two nations’ cooperation in housing finance. We will continue to broaden our scope of cooperation with other Asian nations, including the Philippines, through the Knowledge Sharing Program (KSP), South Korea’s new approach for development cooperation, and invited tours.”  

Having already signed MOUs with state-run mortgage lending institutions of other nations, such as Thailand, Indonesia, and Myanmar, HF is taking the lead in international cooperation in the field of housing finance.

[Image Description]

Korea Housing Finance Corporation CEO Kim Jae-Chun (left) poses for a photo with KMC Chairman Adil Muhamedzhanov after signing an MOU for the transfer of housing finance knowhow at the KMC headquarters in Almaty, Kazakhstan, on the 12th.