KHFC to invite Mongolian Housing Finance Corporation to an international training session
- Date 2010-05-18
- Views 2,416
- Training to disseminate Korea’s
housing finance system and financing methods to Mongolia
Korea Housing Finance Corporation (KHFC, CEO Joo-jae Lim) is taking the lead
in disseminating Korea’s housing finance system and financing methods to
Mongolia.
On May 18, 2010, the
corporation announced that it would invite six officials from Mongolian Housing
Finance Corporation (MHFC)* from May 18, 2010 to May 20, 2010 for a 3-day
international training. (See photo)
* The MHFC (Mongolian Housing Finance Corporation)
is a public institution established by the Ministry of Finance and the Ministry
of Construction of Mongolia in October 2007 in Ulan Bator to promote housing development
and housing finance in Mongolia.
The officials invited to the
training are experts in charge of major decision-making in mortgage loans,
finance management, and legal divisions.
At the international
training, KHFC will present an overview of Korea’s housing market, the regulatory
system for mortgage loans, the issuance of mortgage-backed securities (MBS),
Bogeumjari loans, housing credit guarantees and housing pension guarantee
products, as well as financing of the development of new towns in Korea and
case studies of advanced urban development.
“Through the international
training, we plan to share information on the housing markets between Korea and
Mongolia and maintain continuing cooperation,” said an KHFC official.
Following the signing of a
Memorandum of Understanding (MOU) with MHFC in November 2007, KHFC, on two
occasions, provided training to MHFC officials regarding product development
and issuance of MBS to vitalize the housing financial market in Mongolia as
well as housing credit guarantees for medium- and low-income people and risk
management methods.
<In the photo>
KHFC CEO Lim (center) poses for
a photo with MHFC officials on May 18, 2010 at KHFC headquarters in Namdaemun-ro
in Seoul prior to the 3-day international training.
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