Mortgage Organization Kazakhstan Mortgage Company signs Memorandum of Understanding with Korea Housing Finance Corporation

/KASE, April 13, 2017/ – Mortgage Organization Kazakhstan Mortgage Company (Almaty, Company), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement: quote Chairman of the Management Board of Kazakhstan Mortgage Company (subsidiary of Baiterek Holding) Adil Mukhamedzhanov and President of the Korea Housing Finance Corporation (KHFC) Jae-Chun Kim signed a Memorandum of Understanding. The document provides for cooperation in the field of the exchange of information on financial instruments that allow managing the housing finance market and also fixing the main areas and ways of cooperation when sharing the experience between the companies of the two countries. "We appreciate the opportunity to share the experience with our Korean colleagues. The shared experience will allow both companies bringing new practical knowledge aimed at developing the mortgage market of the two countries to their activities," Adil Mukhamedzhanov, Chairman of the Management Board of KMC said. In addition, the scope of cooperation within the framework of the Memorandum signed includes the exchange of information on research in government and / or industrial programs, including financial instruments improving the stability of housing and mortgage markets and risk management programs promoting the healthy mortgage securities market. The bilateral cooperation between the companies of the two countries began in 2016 on the initiative of Korea Housing Finance Corporation. At that time the parties agreed on partnership to implement the public housing programs. Korea Housing Finance Corporation (KHFC) is the leading quasi-government institution in Korea supporting a long-term state housing program. Press-service JSC Kazakhstan Mortgage Company +7 (727) 344 12 22 (ext. 1256), apavanova@kmc.kz unquote [2017-04-13]