Korea, Republic of
The Housing Finance Sector data for Republic of Korea extends back to 1997. Please click on the Research Center tab above to access data for previous years not shown.
| Indicator | Data | Year | Source |
|---|---|---|---|
| Total population | 51.64 million | 2018 | WDI |
| Urban population (% of total) | 81.46% of total | 2018 | WDI |
| GDP, current prices (U.S. dollars) | 1,655,608 USD (millions) | 2018 | WEO |
| GDP based on PPP per capita GDP (Current international dollar) | 41,415.74 USD | 2018 | WEO |
| Inflation, end of period consumer prices (Percent change) | 1.6% | 2018 | WEO |
| Average bank deposit rate | 2.03% | 2018 | IFS |
| Lending rate | 3.66% | 2018 | IFS |
| Owner-occupied units | 86.5% of total | 2017 | Statistics of House Ownership |
| Total amount of home mortgage loans outstanding at the end of year in millions of USD: | 549,254.65 USD (millions) | 2018 | Economic Statistic System of Bank of Korea |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 33.18% | 2018 | Economic Statistic System of Bank of Korea |
| Typical LTV at origination | 56.0% | 2012 | Korea Housing Finance Corporation |
| Retail funding (deposits/other) | primary | 2018 | Korea Housing Finance Corporation Annual Report |
| Funding through securitization of mortgages | secondary | 2018 | Korea Housing Finance Corporation and Center for American Progress |
| Other | tertiary | 2018 | Ministry of Strategy and Finance, fileSn=2 |
| Typical number of days needed for the transfer of title | 5.5 | 2018 | WDI |
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Established on March 1, 2004, Korea Housing Finance Corporation is a State-Run Enterprise that facilitates the long-term, stable supply of housing funds and other related instruments, thereby promoting national welfare and developing the national economy. Committed to serving as a trusted partner for low- and middle-income families, HF has wide-ranging housing finance operations including the supply of Bogeumjari Loan and Confirming Loan, the issuance of credit guarantees for housing finance and annuity mortgages, and the securitization of mortgage-backed claims and other instruments.