HF Transfers Its MBS and JTYK Know-How to Indonesia
- Date 2016-08-31
- Views 590
- HF and Indonesia's SMF sign an MOU
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) stated that it has signed a memorandum of understanding (MOU) with the Indonesian state-run Sarana Multigriya Finansial (SMF)＊ in Jakarta on the 31st to advance the housing markets in South Korea and Indonesia <See the image below>.
＊ SMF (Sarana Multigriya Finansial) is Indonesia's state-run housing finance agency run by the Ministry of Finance. The agency is in charge of supplying mid- to long-term housing loans and issuing mortgage-backed securities.
□ Under this MOU, HF will pass on its expertise in housing finance, specifically MBS issuance and market stimulation, to SMF, thereby further advancing ties between the two nations.
□ An HF official said, “This MOU will help our two nations expand mutual cooperation and exchanges through invitational training and knowledge-sharing programs. HF will continue to build cooperative relations with Kazakhstan, Myanmar, and other Asian countries in the housing finance sector and transfer our accumulated know-how and expertise to them.”
□ After having signed its first MOU for know-how transfer and cooperation with the Philippines' state-run National Home Mortgage Finance Corporation (NHMFC) last year, HF signed its second MOU with Thailand's Secondary Mortgage Corporation (SMC) this year, making continued efforts to expand its international cooperative projects overseas.
<Image Description>
HF CEO Kim Jae-Chun (third from the right) poses for a photo with SMF President Ananta Wiyogo after signing an MOU for the transfer of housing finance know-how at the SMF headquarters in Jakarta, Indonesia, on the 31st.
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) stated that it has signed a memorandum of understanding (MOU) with the Indonesian state-run Sarana Multigriya Finansial (SMF)＊ in Jakarta on the 31st to advance the housing markets in South Korea and Indonesia <See the image below>.
＊ SMF (Sarana Multigriya Finansial) is Indonesia's state-run housing finance agency run by the Ministry of Finance. The agency is in charge of supplying mid- to long-term housing loans and issuing mortgage-backed securities.
□ Under this MOU, HF will pass on its expertise in housing finance, specifically MBS issuance and market stimulation, to SMF, thereby further advancing ties between the two nations.
□ An HF official said, “This MOU will help our two nations expand mutual cooperation and exchanges through invitational training and knowledge-sharing programs. HF will continue to build cooperative relations with Kazakhstan, Myanmar, and other Asian countries in the housing finance sector and transfer our accumulated know-how and expertise to them.”
□ After having signed its first MOU for know-how transfer and cooperation with the Philippines' state-run National Home Mortgage Finance Corporation (NHMFC) last year, HF signed its second MOU with Thailand's Secondary Mortgage Corporation (SMC) this year, making continued efforts to expand its international cooperative projects overseas.
<Image Description>
HF CEO Kim Jae-Chun (third from the right) poses for a photo with SMF President Ananta Wiyogo after signing an MOU for the transfer of housing finance know-how at the SMF headquarters in Jakarta, Indonesia, on the 31st.