Il Hong SEOK - Kim & Chang

Bio

Il Hong Seok is a foreign attorney in Kim & Chang's Banking, Investment Management and Non-banking Financial Companies Practices.

Mr. Seok is a specialist in the regulation of the financial industry including banks, credit specialized financial companies and mutual savings banks. He has extensive experience advising clients on the acquisition of or investment in financial institutions and assisting clients with licensing and compliance matters for financial businesses.

Before joining the firm, Mr. Seok served in the Bank of Korea and the Financial Supervisory Service, where he participated in the enactment of regulations governing financial industries, the approval process of financial products and the licensing process of financial businesses.

As an expert in finance matters, Mr. Seok's representative work in recent years includes advising on financial regulatory matters, assisting clients in obtaining licenses or approvals from regulators, and carrying out due diligence of financial institution in the context of M&As.

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Profile

Experience

Executive Director, Korean Creditcard Academic Society (2022-Present)

Kim & Chang (2000-Present)

Legal Coordination Division, Financial Supervisory Service (1998-2000)

Financial Improvement Division, Banking Supervisory Authority Dept., The Bank of Korea (1997-1998)

Legal Division, The Bank of Korea (1995-1997)

Representative Activitiesshow

Publications/Activities

[Publications]

Items payable by credit card, The Credit Finance, Vol.74 (The Credit Finance Association, 2023)
Annotation of the Specialized Credit Finance Business Act (Co-author, Thompson Reuters LAWnB, 2019)
A Study on Legal Issues of Credit Card Merchants (Doctoral dissertation, Korea University, 2018)
Critical analysis on Article 19 (1) and (4) of the Credit Specified Financial Business Act, Gachon Law Review, Vol 10 (2017)

[Activities]

“Characteristics of each payment service provider and Institutional consistency” (Korean Creditcard Academic Society, Spring Seminar, 2023)
“Systematic Improvement for the Development of the Card Market” (The Credit Finance Association Forum, 2018)