Korea Housing and Urban Guarantee Corporation (HUG) was awarded the “2024 Busan Innovation City Development Merit Award” by Busan Metropolitan City on Dec. 31 of 2024 in recognition of its contribution to the development and revitalization of Busan Innovation City.
Every year, Busan Metropolitan City rewards organizations and individuals who have dedicated themselves to the promotion of each core project under the Busan Innovation City General Development Plan.
HUG was selected as an organization that has contributed to the development of an innovative city in recognition of its outstanding achievements in the field of activating local talent recruitment and fostering talent.
In detail, HUG has set an example for the development of Busan Innovation City by exceeding the statutory mandatory ratio of local resident recruitment for seven consecutive years, continuously operating HUG Open Campus for seven years, and creating and operating scholarships for local students.
HUG Open Campus is a customized employment support program.
“HUG will steadily contribute to the revitalization of Busan Innovation City by activating local resident recruitment and internalizing human resources development programs,” HUG President Yoo Byung-tae said.
A cover image of the Journal “Housing and Urban Finance Research,” issued by the Journal of Housing and Urban Finance of Korea Housing and Guarantee Corporation (HUG). (Photos: HUG)
Housing Urban Finance Research Selected as Research Journal of the Korea Research Foundation
HUG announced on Dec. 20 that “Housing Urban Finance Research”, an academic journal published by HUG’s Housing and Urban Finance Research Institute, was finally selected as a registered journal of the Korea Research Foundation.
This recognizes the academic value and research excellence of Housing and Urban Finance Research, making it a more prestigious journal for researchers in Korea and abroad.
Housing and Urban Finance Research is a specialized journal covering housing, cities, and finance, providing in-depth coverage of key areas such as housing finance, urban development policies and institutions, and market environments. The journal has served as a bridge between those in real estate-related academia and those in the field.
Housing and Urban Finance Research was founded in March 2016 and has been published twice a year since then. The journal has made various efforts to improve its review system, expand its network of researchers and strengthen international cooperation to ensure its steady development.
“The recognition of Housing Urban Finance Research as a listed journal has positioned the journal as a center of academic credibility for researchers at home and abroad and has contributed to raising the status of HUG at home and abroad,” said Heo Ji-haeng, director of the Housing Urban Finance Research Institute.
HUG Awards Scholarships to Foster IT Talents in Busan
HUG announced that it held a scholarship award ceremony on the second floor of Busan City Hotel with partner organizations to operate scholarships for fostering local talents, such as the Industry-Academy Cooperation Division of Busan Metropolitan City on Dec. 16.
Busan City and local public institutions, including HUG, organize scholarships every year to foster outstanding talents in the IT field in the region.
This year’s scholarships were worth 831 million won and a total of 465 students were selected as scholarship recipients.
In particular, starting this year, local talents in Busan who received scholarships will be able to receive additional employment incentives when they are hired by local companies in Busan, helping those companies secure talented workers.
A system was introduced to provide incentives to college students for volunteering to teach young students at local study rooms and children’s centers. A total of 30 college students received extra points.
“We hope that the outstanding local talents who received the scholarships will pursue their dreams to the fullest,” HUG President Yoo said.
“We will continue to discover various local win-win programs that contribute to local communities.”
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