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Korea Housing Finance Corporation (HF) is a public financial company established on March 1,2004 in accordance with the HF Act.
NEWS RELEASES
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HF became the first financial public institution to obtain ISO for Compliance Management System
HF became the first financial public institution to obtain ISO for Compliance Management System - Enhance public trust with robust ethical corporate management system Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) said on Oct 28 that been acknowledged for its efforts to establish robust compliance policies and risk management system, it became the first public financial institution that obtains ‘ISO 37301’, an international standard certificate for Compliance Management Systems*. <Photo attached> * Corporate management system requirements and guidelines on the compliance policies and risk management systems across the board, for which international standard was developed by International Organization for Standardisation(ISO) in April, 2021. Since establishing “Ethical Corporate Management Consultative Body’ with its CEO as a chair in May to promote corporate culture of integrity and transparency, HF has worked to establish ethical management system for compliance and risk management by preparing ethical management policies and manual, conducting risk assessment, and management review. HF CEO Choi said, “For a public institution for which public trust is imperative, developing compliance corporate management system is of essence. By operating the system aligned with previously obtained ISO 37001(Anti-bribery Management Systems), we will further promote the corporate culture of integrity and transparency, thereby further wining the public trust.” * Corporate management system requirements and guidelines to ensure an organization is in full compliance with anti-bribery regulations and build exemplary business environment, for which an international standard was developed by International Organization for Standardisation(ISO) in Oct 2016. As the certificate shows HF has established compliance policies and management system that meet the international standards, it is expected to bring about positive effects to its marketing efforts to attract foreign investors for its MBB as well as to its credit rating assesment going forward. In the meantime, HF has maintained an excellence grade in the integrity and ethical management assesment by the Anti-Corruption and Civil Rights Commission (ACRC) for 12 consecutive years since 2010. <Photo Description> On Oct 28, Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) had a “HF ISO 37301 Certificate Award Ceremony’ to mark the occasion at its eastern Seoul and metropolitan areas located in Sejongdae-ro, Seoul. (From right of the photo) HF CEO Choi Joon Woo and Oh Kyung Hee, the director of KPC(Korea Productivity Center).
HF became the first financial public institution to obtain ISO for Compliance Management System
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HF works with a social economy enterprise to better support youths
HF works with a social economy enterprise to better support youths - Provides hygiene product kits to underprivileged youth while creating work opportunities for seniors Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) said on Oct 21 that in collaboration with a local social economy enterprise, it delivered contribution money to ChildFund Korea(Busan Branch Program manager, Noh Hee Heon) to support youths from low-income families in the region. (A photo attached) HF plans to send hygiene product kits(sanitary pads and heat packs), prepared by the social economy enterprise*, to 280 female youth from low-income families in the city, recommended by ChildFund Korea. The program also creates chances to work for ten seniors, recommended by the regional Senior Club, by having them to prepare the kit. * Social Welfare DongHaeng Inc. HF said, ”By working with a social economy enterprise, which has contributed to local communities in supporting underprivileged youth in Busan, we are actively seeking to promote mutual prosperity and close cooperation with the local communities. We will continue to work to support social economy enterprises and to better welfare of youth and seniors.“ <Photo Description> At the Busan ChildFund Korea regional headquarters, located in Busan Jingu, Korea Housing Finance had a ceremony to make ‘HF-Social Economy Enterprise’ contribution to support underprivileged youth and offer work opportunities for seniors in Busan.(From left of the photo) ChildFund Korea Busan Program Manager Noh Hee Heon, HF Director Lee Jeong Il, and Jeong Eun Ho, CEO of DongHaeng Inc, a social economy enterprise.
HF works with a social economy enterprise to better support youths
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HF raises the Guarantee limit for its Jeonse Guarantee products
HF raises the Guarantee limit for its Jeonse Guarantee products - The current limit of KRW 200M is raised from Oct 11, to reduce the residential cost burden Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) announced on Oct 7 that in order to relieve residential cost burden on the low-to-moderate income households and end-users, it will raise the Jeonse guarantee limit from KRW 200M to KRW 400M. The decision is made in accordance with the “Stable Livelihood Policies in the Finance Sector; Plans & Progress Update”, announced in July by the Financial Services Commission (FSC). The measure also reflects the consistent increase of Jeonse prices over time, allowing tenants with less than KRW 700M Jeonse deposit in Seoul and Metropolitan areas (KRW 500M in local areas) to apply for HF Jeonse Deposit Guarantee within the Max. KRW 400M from Oct 11. * An actual guarantee limit for an applicant is subject to the amount of deposit, annual income and debts of the applicant, and other circumstances including applicability of other Jeonse deposit product. The guarantee limit raise applies to General Jeonse Guarantee and Collective Jeonse Guarantee products. To be noted, the increase only applies to those with non-homeownership, and where an applicant and spouse own a house, the current guarantee limit of KRW 200M still stands. In addition, the Compact Jeonse Guarantee and Special Guarantee products, of which limit is set aside, are excluded from the measure. * The partial guarantee rate of the general(special) Jeonse Loans Guarantee products is 90% of the loan. (ex: In case of Jeonse Loans of KRW 300M from banks, the HF Jeonse Loan Guarantee covers KRW 270M.) In addition, where guarantee amount exceeds KRW 200M, preservation of claim measures* need to be taken. * Include establishment of the right of pledge or transfer of the repayment claim to HF, etc. to ensure lease deposit is returned to HF at the time of the lease expiration. HF CEO Choi said, “We hope that the Jeonse Loan Guarantee limit raise will help to alleviate the residential cost burden on the low-to-moderate income households and end-users. Going forward, we will do our utmost to improve policies and products to better support them.”
HF raises the Guarantee limit for its Jeonse Guarantee products
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HF holds a Housing Finance Class
HF holds a Housing Finance Class - Incorporated with its recruitment explanation session Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) said on Sep 20 that it holds a ‘JAMITJIYE(Wisdom with Fun)“, a housing finance class combined with its recruitment explanation session, at the Dongguk University Campus. The class starts with the “Housing Finance through Big Data” lecture by Dr. Hong Hee Jeong, from Housing Finance Research Institute of HF, followed by 2022 HF Recruitment Session and ‘How to pass HF recruitment process’ by HF junior employees. Anyone interested in the housing finance and HF recruitment process can apply for the class on the event day and join the class on a first-come and first-served basis. HF commented, “We have held the ‘JAMITJIYE Class once a year since 2015, with an aim to promote better understanding on the housing finance program. As the class is combined with our recruitment explanation session as well, we expect more participation from those interested.”
HF holds a Housing Finance Class
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HF became the first financial public institution to obtain ISO for Compliance Management System
HF became the first financial public institution to obtain ISO for Compliance Management System - Enhance public trust with robust ethical corporate management system Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) said on Oct 28 that been acknowledged for its efforts to establish robust compliance policies and risk management system, it became the first public financial institution that obtains ‘ISO 37301’, an international standard certificate for Compliance Management Systems*. <Photo attached> * Corporate management system requirements and guidelines on the compliance policies and risk management systems across the board, for which international standard was developed by International Organization for Standardisation(ISO) in April, 2021. Since establishing “Ethical Corporate Management Consultative Body’ with its CEO as a chair in May to promote corporate culture of integrity and transparency, HF has worked to establish ethical management system for compliance and risk management by preparing ethical management policies and manual, conducting risk assessment, and management review. HF CEO Choi said, “For a public institution for which public trust is imperative, developing compliance corporate management system is of essence. By operating the system aligned with previously obtained ISO 37001(Anti-bribery Management Systems), we will further promote the corporate culture of integrity and transparency, thereby further wining the public trust.” * Corporate management system requirements and guidelines to ensure an organization is in full compliance with anti-bribery regulations and build exemplary business environment, for which an international standard was developed by International Organization for Standardisation(ISO) in Oct 2016. As the certificate shows HF has established compliance policies and management system that meet the international standards, it is expected to bring about positive effects to its marketing efforts to attract foreign investors for its MBB as well as to its credit rating assesment going forward. In the meantime, HF has maintained an excellence grade in the integrity and ethical management assesment by the Anti-Corruption and Civil Rights Commission (ACRC) for 12 consecutive years since 2010. <Photo Description> On Oct 28, Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) had a “HF ISO 37301 Certificate Award Ceremony’ to mark the occasion at its eastern Seoul and metropolitan areas located in Sejongdae-ro, Seoul. (From right of the photo) HF CEO Choi Joon Woo and Oh Kyung Hee, the director of KPC(Korea Productivity Center).