KHFC signs an agreement with the Korea Labor Force Development Institute for the Aged (KLFDIA)

for supporting  post-retirement planning

- Cooperating on job-related education and post-retirement planning for reverse mortgage subscribers

The Korea Housing Finance Corporation (KHFC, President & CEO Seo, Jong-dae) and the Korea Labor Force Development Institute for the Aged (KLFDIA, CEO Park, Yong-ju) announced on Dec. 17 that the two organizations signed an agreement on promoting the stable livelihood of citizens in their later years.

Among others, the agreement covers such post-retirement issues as health, finance, human relationships of the elderly, and job-related education for reverse mortgage subscribers.

President & CEO Seo, Jong-dae stated, “Preparation for post-retirement living is emerging as a crucial issue in our society as baby boomers are retiring in large numbers in Korea. Hence, KHFC plans to effectively help those facing retirement to make better preparations.”

Meanwhile, KHFC has been providing reverse mortgages to those in need of living expenses after retirement since July 2007, and KLFDIA began offering retirement preparation services to the general public, regardless of age, since this past May, including a self-assessment of retirement preparations and the arrangement of services by other relevant institutions.