□ Hyundai Capital Begins Selling Bogeumjari Loans in June

 KHFC authorized Hyundai Capital to handle bogeumjari loans.  Hyundai Capital began selling bogeumjari loans on June 1.

 With the addition of Hyundai Capital, begeumjari loans are now offered through 22 financial institutions, including 16 banks, four insurers, and two credit card companies. Going forward, KHFC plans to expand its sales channel to the non-banking sector to improve customer convenience.

 In addition to offering bogeumjari loans, a business agreement for issuing KHFC MBS with floating-rate home-equity loans sold by Hyundai Capital as underlying assets was signed. This will clear the way for the securitization of floating-rate home equity loans for the first time in Korea. KHFC plans to issue MBS based on floating-rate loan products sold by other financial institutions in addition to issuing MBS with fixed-rate products as underlying assets.