HF Corporation Expands Customers Using 'Housing Pension Guardian Account'... Minimum Living Expenses of Housing Pension Subscribers Cannot Be Seized

Korea Housing Finance Corporation.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] The Korea Housing Finance Corporation (HF) will expand the eligibility for the ‘Jutaekyeongeum Jikimi Account,’ a seizure-protected account exclusively for housing pension, to all housing pension users starting from the 21st.

This measure is to protect the pension receipt rights of housing pension subscribers.

Until now, only housing pension subscribers receiving a monthly amount of 1.85 million KRW or less could use the seizure-protected account, but the corporation has removed this restriction by developing a split deposit system through continuous collaboration with financial institutions.

Among housing pension subscribers, customers receiving more than 1.85 million KRW per month can register two accounts?a seizure-protected account and a regular account?as their housing pension receipt accounts by using the split deposit system. Up to 1.85 million KRW of the monthly payment will be deposited into the seizure-protected account, and any amount exceeding 1.85 million KRW will be deposited into the regular account.

From the 21st, customers wishing to use the ‘Jutaekyeongeum Jikimi Account’ can obtain a ‘Certificate of Eligibility for Housing Pension Exclusive Account’ and submit it to the housing pension receiving bank branch.