Housing Finance Corporation Signs Business Agreement to Expand MBS and Covered Bond Markets

(From left) Jinwoo Jo, CEO of Korea Standard Chartered (SC) Securities; Jinseop Cha, CEO of Korea Credit Agricole (CA) Securities; Junghwan Lee, President of Korea Housing Finance Corporation; Junhwan Kang, CEO of Korea Soci?t? G?n?rale (SG) Securities

[Asia Economy Reporter Park Sun-mi] Korea Housing Finance Corporation (HF) signed a memorandum of understanding (MOU) on the 28th at its headquarters in Nam-gu, Busan, jointly with three foreign investment institutions to establish a cooperative system for the development of the securitization market.

The foreign investment institutions participating were Standard Chartered (SC) Securities, Credit Agricole (CA) Securities, and Societe Generale (SG).

This year, HF Corporation has signed MOUs with a total of five foreign investment institutions to expand foreign investment in securitized products such as mortgage-backed securities (MBS). The agreements have been signed and detailed consultations are underway.