Korea, Republic of



Korea, Republic of: Statistical Data At-A-Glance
IndicatorDataYearSource
Total population50.62 million2015WDI
Urban population (% of total)82.47% of total2015WDI
GDP, current prices (U.S. dollars)1,376,868 USD (millions)2015WEO
GDP based on PPP per capita GDP (Current international dollar)36,511 USD 2015WEO
Inflation, end of period consumer prices (Percent change)1.28%2015WEO
Average bank deposit rate1.81%2015IFS
Lending rate3.53%2015IFS
Owner-occupied units56% of total2005UN HABITAT Housing Finance Mechanisms In Republic of Korea
Total amount of home mortgage loans outstanding at the end of year in millions of USD:427,468.91 USD (millions)2015Economic Statistic System of the Bank of Korea
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)31.05%2015Economic Statistic System of the Bank of Korea
Typical LTV at origination56.0%2012Korea Housing Finance Corporation
Retail funding (deposits/other)primary2014Korea Economic Institute of America
Funding through securitization of mortgagessecondary2014Korea Housing Finance Corporation and Center for American Progress
Typical number of days needed for the transfer of title6.52015WDI

About the Editor

Korea Housing Finance Corporation (HF)
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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.