Bio
Profile
Experience
Kim & Chang (2011-Present)
Commissioner, Financial Services Commission (2008-2011)
Senior Foreign Legal Consultant, Shin & Kim (1996-2008)
Attorney, Shearman & Sterling, New York (1992-1996)
Attorney, Sullivan & Cromwell, New York (1991-1992)
Advisor, Bank of Korea (2023.3.-Present)
Member, Publication Committee of "The Future of Finance in Korea" (2023-2024)
Adjunct Professor, Ewha School of Business, Ewha Womans University (2023-2024)
Member, Mayoral Committee for Establishing the Digital Asset Exchange in Busan City (2022-2024)
Member, Financial Regulatory Reform Committee, Financial Services Commission (2022.7.-Present)
Chairman, Self-Regulatory Committee, Korea Blockchain Association (2019-2022)
Outside Director, Audit Committee of the Board of Directors, MetLife Insurance Co. of Korea, Ltd. (2019-Present)
Asia Pacific Regional Forum Liaison Officer, Banking Committee, International Bar Association (2016-2018)
Chairman of the Board, Chairman of the Audit Committee, and Non-Standing Director, Incheon International Airport Corporation (2013-2016)
Member, Korea-US Business Council (2011-2018)
Outside Director and Chairman, Risk Management Committee of the Board of Directors, IBK (Industrial Bank of Korea) (2011-2017)
Member, Committee for Government Properties (2011-2012)
Outside Director, KORAIL (Korea Railroad) (2008)
Outside Director, Korea Ratings Corporation (2007-2008)
Editor, BFL, published by the Center for Financial Law, Seoul National University (2006-2011)
Member, Council on Financial Development under the Ministry of Economy and Finance (2002-2004)
Vice Chairman, Banking, Finance and Securities Committee, Inter-Pacific Bar Association (2001-2004)
Adjunct Professor, Graduate School of International Studies, Yonsei University (2000-2008)
Director, Kyung-in Broadcasting Co., Ltd. (2000-2004)
Member, Evaluation Committee, Korea Research Council of Public Science & Technology (a government entity responsible for supervising government-funded science and technology research institutes) (1999-2001)
Adjunct Professor, Graduate School of International Studies, Korea University (1998-1999)
Representative Activitiesshow
Awards
- Korean Presidential Medal of Honor (for his contribution to G20 Seoul Summit, 2011)
Publications/Activities
- G20 and Global Financial Regulatory Reforms, BFL, No. 45 (2011)
- G20's Financial Regulatory Reform and Korea's Response, Capital Market PERSPECTIVE, Vol. 2, No.3 (2010)
- Cross Border Residential Mortgage Backed Securities – a Case Study in Korea, BFL, No. 14 (Co-author, 2005)
- Securitization in Korea, Korean Forum on International Trade and Business Law, Vol. 8 (1999)
- On Theory of Lender Liabilities: Cases of U.S. and Japan, Commercial Law Review, Vol. XVI, No. 2 (1997)
- Telecommunications Business and Financial Innovation, Telecoms Market, Vol. 8 (1997)
- A Chapter on Korean Securities Law in International Securities Law (Euromoney, 1996)
- Public Disclosure System and Protection of Confidential Information, Journal of Korean Public Administration, Vol. 27, No. 4 (1994)
- Litigation and Pretrial Negotiation under Incomplete Information, Journal of Law, Economics and Organization, Vol. 10, No. 1 (Co-author, Oxford University Press, 1994)
- Regulatory Takings and Compensation: For the Efficiency of Governmental Policy, Journal of Korean Public Administration, Vol. 27, No. 2 (1993)
- The Role of Precedent in the Repeated Litigation, Journal of Law, Economics and Organization, Vol. 9, No. 2 (Co-author, Oxford University Press, 1993)
- Economic Analysis of Litigation with Multiple Parties (Ph.D. Dissertation, 1991)
- Lecturer, “New Space Age and Space Governance,” Aerospace Advanced Business Program (Graduate School of Aviation & Management, Korea Aerospace University, 2024.7.)
- Discussant, “Dialogue: The Future of Finance in Korea,” Appendix to “The Future of Finance in Korea” published by Korea Money and Finance Association (Korea Money and Finance Association, 2024.6.)
- Speaker, “Designing a legal framework for the unified ledgers” Session, BIS Innovation Summit 2024: Navigating rapid innovation, Basel, Switzerland (Bank for International Settlements, 2024.5.)
- Speaker, “Talking Token Offerings: Key Jurisdictions, Trends and Regulatory” Session, Hong Kong Web3 Festival 2024, Hong Kong (Wanxiang Blockchain Labs/HashKey Group, 2024.4.)
- Panelist, “Panel on the State of Web3 Policy in Japan, South Korea, and Taiwan,” DAO UTokyo 2024 Conference, Tokyo, Japan (The University of Tokyo/The Stanford Cyber Policy Center/The Decentralization Research Center, 2024.2.)
- Speaker, “Toward Balanced Regulation in Korea for the Crypto Industry,” AMCHAM Blockchain Seminar 2022 (The American Chamber of Commerce in Korea, 2022.9.)
- Discussant, Session 9, “Transition of New Government’s Digital Asset Policy and Expectations,” NFT META Korea 2022 (Korea CEO Summit, 2022.7.)
- Lecturer, “Financial Innovation and Virtual Assets: Focusing on Smart Contract and DAO,” Future Strategy Research Workshop (Korea Development Institute, 2022.7.)
- Keynote Speaker, “FinTech and Financial Innovation,” FinTechers’ Night 2021 (Financial Services Commission·Fintech Center Korea·Korean Fintech Industry Association, 2021.12.)
- Discussant, Session 1, NFT META Seoul 2021: ‘NFT, The Emergence of New Financial Assets·The Beginning of Great Voyage of Metaverse’ (Korea CEO Summit, 2021.11.)
- Discussant, “How to Legislate Virtual Assets (Crypto Assets) Transactions” Seminar (National Assemblyman Youn Kwansuk·Korea Economic Law Association·Korea Consumer Law Society, 2021.11.)
- Speaker, “How to Reduce Risks in Crypto-Asset Markets,” 2021 Busan Money Show (Busan Metropolitan City·Maeil Business News Korea, 2021.11.)
- Speaker, “Trend and Implications of the Crypto-Asset Markets,” Autumn Academic Conference 2021: ‘Current Status and Directions for Improvement of Cryptocurrency’ (Fourth Industrial Revolution Convergence Law Association, 2021.9.)
- Session Chair, “The Future of Digital Currency and Finance,” Munhwa Finance Report (MFiR) 2021 (Munhwa Ilbo, 2021.9.)
- Discussant, “Blockchain Technology and Data Policy” Session, Asian Leadership Conference 2021: ‘World after Covid-19: Rebuilding Trust and Cooperation’ (The Chosun Ilbo, 2021.6.)
- Discussant, “2021 Discussion Seminar on Legislation regarding Regulation of Virtual Asset Industry” (National Assemblyman Lee Yongwoo·NEWSPIM, 2021.6.)
- Discussant, “Virtual Asset Symposium: Tasks for Risk Reduction and Soft-Landing of Virtual Asset Market” (National Assemblyman Kim Byungwook·The Dong-A Ilbo, 2021.6.)
- “[Aha Interview] 2 Reasons Why Legislation over Virtual Asset Industry is Necessary…Investor Protection·Industry Development” Interview (Asia Times, 2021.6.)
- “Crypto Craze, Should Lend Support to Industry Development as well as Consumer Protection” Interview (Sisa Journal, 2021.6.)
- “Volatile Cryptocurrency, Any countermeasures?” Interview, Newstory (SBS News, 2021.6.)
- “Newscenter 19:00” Interview (Arirang TV, 2021.6.)
- “‘Roller Coaster Ride’ Virtual Currency…Mainstream vs No Use” Interview, TBS Network730 (TBS News, 2021.4.)
- “[Crypto Craze] ⑥Expert- Authorities Should be Open to Recognition of Cryptocurrency” Interview (Yonhap News, 2021.4.)
- “Newly Building the Digital Assets,” Interview (Hankyung TV, 2021.2.)
- Discussant, “Discussions, Virtual Asset Business Law TF for Promotion of the Blockchain Industry and Protection of Consumers” (National Assemblyman Kim Byungwook (Democratic Party)/Korea Blockchain Association/Coindesk Korea, 2021.1.)
- “Regarding AML Law Amendments,” Interview, BlockchainUS, Special Edition (2020.12.)
- Discussant, Digital Asset Expo (DAXPO) 2020 (Korea Blockchain Association/Coindesk Korea, 2020.9.)
- Key Note Address Speaker, “Amendments to Presidential Decree of the AML Law: Proposal for Development of Virtual Asset Industry,” Presidential Decrees Amendments to AML Law Conference, National Assembly (2020.6.)
- Discussant, “Smart Financial Innovation, Inclusive Economy and Smart Korea,” The Financial Revolution in the Age of the Fourth Industrial Revolution, Global Finance Society Policy Symposium (2020.1.)
- Lecturer, “Financial Innovation and Blockchain: Focusing on Smart Contracts” (FinTech Center of Seoul National University/Graduate School of Information, Yonsei University 2019-2020)
- Discussant, Digital Asset Expo (DAXPO) 2019 (Busan City/Coindesk Korea, 2019.9.)
- Lecturer, “Financial Innovation and Smart Contracts,” B Capitalist Blockchain Education Program (2019-2020)
- “Virtual Currency and Consumer Protection,” The Seventh Financial Consumer Protection Symposium (Korea Economic Daily, 2018.12.)
- “Whose Second Life Is It Anyway? Personal Information and Financial Services,” Annual Conference 2018, in Rome, Italy (International Bar Association, 2018.10.)
- “The Fourth Industrial Revolution and Financial Regulatory Innovation,” Financial Leap Forward in the Age of the Fourth Industrial Revolution, Global Finance Society Policy Symposium (2018.8.)
- Session Chair, “Hedge Fund Regulation and Financial Stability,” Korea Hedge Funds: New Challenge and Opportunity (Financial Services Commission/Financial Supervisory Service/Korea Capital Market Institute/The New York Hedge Fund Roundtable, 2012.6.)
- Panelist, “South Korea’s Financial Landscape,” The Bellwether Series: South Korea - The Future of Finance in Asia Pacific, Economist Conferences (The Economist, 2011.9.)
- Panelist, “Financial Fragility and Regulatory Reforms” Regulatory Reforms and the Future of Finance (Korea Capital Market Institute, 2011.6.)
- Key Note Address Speaker, “Accomplishments and Tasks of G20 Seoul Summit - Financial Regulatory Reform from the Emerging Market Perspective,” Korea and Kazakhstan: Common Opportunities and Challenges in the Financial Market, Sharing the G20 Seoul Summit Outcomes, The First Korea-Kazakhstan Financial Forum, in Almaty, Kazakhstan (2010.12.)
- Key Note Address Speaker, “The Global Financial Regulatory Reforms and the G20,” AsiaRisk Congress 2010, in Hong Kong (2010.11.)
- “Financial Regulatory Reform and Cooperation Among Asian Countries,” IMF-ADB Institute Conference, in Kuala Lumpur, Malaysia (2010.10.)
- “The Future Financial System” in “Reshaping Global Economic Governance and the Role of Asia in G20,” ADB-Peterson Institute for International Economics Conference (2010.10.)
- Session Chair, “Financial Crisis, Financial Reform and the G20,” G20 Seoul International Symposium: Toward the Consolidation of G20 Summits: From Crisis Committee to Global Steering Committee (2010.10.)
- “Reform on Financial Regulation and Financial Supervision,” Korea-Canada-France G20 Seminar (2010.9.)
- “Korea’s Experience,” Korea-FSB Financial Reform Conference, An Emerging Market Perspective, The Presidential Committee for G20 Summit and the FSB (2010.9.)
- Session Chair, “Financial Regulatory Reforms,” Institute of International Finance Spring Membership Meeting, in Vienna, Austria (2010.6.)
- Session Chair, “The Role of the Financial Stability Board,” International Governance Innovation: Issues for 2010 Summits, in Toronto, Canada (Center for International Governance Innovation, 2010.5.)
- “Seeking Stability,” Interview (AsiaRisk, 2010.4.)
- Panelist, “Policy Dialogue - Responding to the Financial Crisis - Financial Reform Impacts and Regulatory Regime Changes,” Asia in the New Economic Order, Asian Financial Forum, in Hong Kong (2010.1.)
- “An In-Depth Look at the Korean Economy and Policy Responses to the Current Crisis,” ADB-FSC Joint Conference (2009.10.)
- “Impact of the Global Financial Crisis on Korea - Policy Responses and Obstacles in Implementation,” Global Crisis Response: Financial Policy Responses and Lessons from the Crisis (ADB/Financial Services Commission/Ministry of Finance and Economy, 2009.9.)
Education
Stanford University (Ph.D., Economics, 1991)
Stanford Law School (J.D., 1990)
Seoul National University (B.A., Economics, 1981)
Qualifications
Admitted to bar, New York, 1991; Washington D.C., 1992
Languages
Korean, English and Chinese