Korean Home Pension subscribers hit 100,000 mark 

- Steady growth with more than 10,000 new subscribers for six consecutive years

- Continued product improvements with trust-base type and wider payment options, etc

Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) announced on 19 August that the number of accumulative Korean Home Pension subscribers exceeded 100,000.

On 18 August, HF invited Ms. Kim Hee Sook (aged 64), who became the 100,000th home pension subscriber to its Seoul branch to express gratitude with monetary gift. Ms. Kim, a resident of an apartment in Goyang-si, Gyeonggi-do, said, “I made my mind to take out the RM to reduce the support-burden of from my children. More than anything else, I was drawn to the idea that I can live in my own house throughout of my life while receiving a monthly payment.” <Photo Attached>

For the recent six years from 2016 to 2021, the Korean Home Pension saw more than 10,000 of the yearly increase of its subscribers. In particular, the first half of this year recorded a marked increase with 6,923 new subscribers, a 36.4% of increase from the same period a year ago. From March to June, there were more than 1,000 new subscribers every month.  

So far, HF has made continues product improvements to provide better livelihood support for the elderly and expand customers’ choices. In the second half of this year, it plans to lift the collateral house price threshold for the preferential type* Home Pension from KRW 150M to KRW 200M, to encourage more subscription from the underprivileged.

*　A type of Korean Home Pension which offers more monthly payment to the max.20% than a general-type pension, when a subscriber or his/her spouse receives Basic Livelihood subsidies and when they own one house priced less than KRW 150 million.

HF CEO Choi commented, “ We will make continuous efforts to ensure more customers benefit from the Korean Home Pension and have more reliable livelihood in their advanced years.”

<Photo Description>

To celebrate the Home Pension Subscribers no. hitting 100,000 mark, HF invited Ms. Kim, the 100,000th home pension subscriber to its Seoul branch in Wise Tower, SejongDae-ro, Seoul. After expressing gratitude to her with monetary gift, HF CEO Choi Joon Woo took a photo with her. (From Left of the photo) Ms. Kim Hee Sook, who became the 100,000th home pension subscriber and Mr. Choi Joon Woo, HF CEO.