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.

Korea, Republic of: Statistical Data At-A-Glance
Total population51.64 million2018WDI
Urban population (% of total)81.46% of total2018WDI
GDP, current prices (U.S. dollars)1,655,608 USD (millions)2018WEO
GDP based on PPP per capita GDP (Current international dollar)41,415.74 USD 2018WEO
Inflation, end of period consumer prices (Percent change)1.6%2018WEO
Average bank deposit rate2.03%2018IFS
Lending rate3.66%2018IFS
Owner-occupied units86.5% of total2017Statistics of House Ownership
Total amount of home mortgage loans outstanding at the end of year in millions of USD:549,254.65 USD (millions)2018Economic Statistic System of Bank of Korea
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)33.18%2018Economic Statistic System of Bank of Korea
Typical LTV at origination56.0%2012Korea Housing Finance Corporation
Retail funding (deposits/other)primary2018Korea Housing Finance Corporation Annual Report
Funding through securitization of mortgagessecondary2018Korea Housing Finance Corporation and Center for American Progress
Other tertiary2018Ministry of Strategy and Finance, fileSn=2
Typical number of days needed for the transfer of title5.52018WDI

About the Editor

Korea Housing Finance Corporation (HF)

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.