The management of Baiterek Holding and Kazakhstan Housing Company visited Seoul on the Kazakhstan delegation during a state visit of the Head of State Kassym-Zhomart Tokayev to the Republic of Korea on August 16-17.
During the meeting with the management of Korea Housing and Urban Guarantee Corporation (KHUG), which is a partner of KHC, a trilateral Memorandum of Understanding was signed between Baiterek Holding, KHC and KHUG. The parties intend to develop and support cooperation in the development of the shared housing construction guarantee system and the implementation of joint initiatives.
- This is important for us, given that Korea Housing Guarantee Corporation has many years of experience in this field. The first Memorandum with KHUG was signed by our reorganized subsidiary, Housing Guarantee Fund, in 2018. Now this cooperation will continue with our Housing Construction Single Operator, - Aidar Arifkhanov said after signing the document.
- We are very interested in the experience of KHUG as the Korean Single Operator in housing insurance. Kazakhstan has been successfully implementing the Housing Completion Guarantee System. - We are now faced with the task of studying and introducing new modern guarantee products in the light of their experience, - Rustam Issayev added, the Chairman of KHC Management Board.