Korea Housing Finance Corporation

South Korea's Housing Finance Corporation is reported to have uncollected funds approaching 2 trillion won, according to a Chosun Ilbo report. The figure points to money the state-backed mortgage lender has extended but not recovered, raising questions about loan management and borrower repayment at the agency that underpins much of Korea's public housing finance.

South Korea's Korea Housing Finance Corporation is reported to hold close to 2 trillion won in unrecovered jeonse rental guarantees. The figure highlights continued strain in the jeonse system, where tenants deposit large lump sums and guarantors face losses if homes are not returned. Attention is turning to the scale of the corporation's exposure and what it means for housing market risk.