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Bumkyu SUNG Attorney

Bumkyu SUNG Attorney
Bumkyu SUNG Attorney

Bumkyu SUNGAttorney

T.+82-2-3703-1711 F.+82-2-737-9091/9092 E.bumkyu.sung@kimchang.com

Areas of Expertise

Bio

Bumkyu Sung started practicing law as an attorney in 1999 and joined Kim & Chang in 2008. His practice focuses on compliance, audit and internal control of financial companies including banking, securities and finance-technology (Fintech) companies. 

His primary area of expertise includes AML, anti-bribery (FCPA) and internal investigation of domestic and global financial institutions that conduct business in Korea in accordance with relevant regulations. Mr. Sung also manages regulator issues of the global financial companies for business license, outsourcing, electronic finance, FX, cross-border business, etc. 

Before joining Kim & Chang, Mr. Sung served as senior in-house counsel of Citibank Korea Inc., where he advised on various issues including corporate banking, private banking and asset management. He also served as head of the compliance department at Citigroup Global Markets Korea Securities Inc., managing internal control standards and the company’s relationship with government. 

Mr. Sung received an LL.M. in Corporate Law from New York University School of Law in 2003, an LL.M. in Taxation from Seoul National University Graduate School of Law in 1999, and an LL.B. from Seoul National University College of Law in 1994. He graduated the Judicial Research and Training Institute of the Supreme Court of Korea in 1996. Mr. Sung is admitted to the New York bar and the Korean bar. 

Profile

Experience

Advisor to Compliance Monitoring Committee, Korea Exchange (KRX) (2014-2017) 

Kim & Chang (2008-Present) 

Head of Compliance, Citigroup Global Market Korea Securities, Ltd. (2007-2008) 

Lecturer, Graduate School of Interpretation & Translation, Hankuk University of Foreign Studies (2006) 

Senior Legal Counsel, Corporate Investment Banking & Private Banking Group, Citibank Korea Inc. (2005-2007) 

Cleary Gottlieb Steen and Hamilton, New York Office (2003-2004) 

Yulchon LLC (1999-2004)

Representative Activitiesshow

Awards

  • External Counsel of the Year, In-House Community Counsels of the Year Awards 2016 (Pacific Business Press, 2016)

Publications/Activities
    • Practical Summaries of Crypto Regulation and Law - South Korea (Co-author, The Elliptic Crypto Compliance Hub, 2022) 
    • Regulatory Intelligence - South Korea: Anti-Money Laundering (Co-author, Thomson Reuters, 2019, 2021-2022) 
    • Regulatory Intelligence - South Korea: Securities and Banking (Co-author, Thomson Reuters, 2016-2017) 
    • Getting the Deal Through - Private Banking & Wealth Management: Korea chapter (Co-author, Law Business Research, 2016) 
    • “Dealing with firewalls,” Regulatory Compliance & Enforcement: South Korea, IFLR June 2013 (Co-author, Euromoney Institutional Investor PLC, 2013.6.) 
    • Financial Regulation and Internal Control of England- Risk Basis System, Auditor Magazine (Public Company Association, 2012.9.) 
    • Management Structure and Internal Control of the England- Principle Basis, Auditor Magazine (Public Company Association, 2012.8.) 
    • Protection of Whistleblowers in the US, Auditor Magazine (Public Company Association, 2012.7.) 
    • Internal Control of Financial Institution, Auditor Magazine (Public Company Association, 2012.4.) 
    • Recommendation on the Tax Treaty between Korea and the U.S. (1999)

Education

    Graduate School of Finance and Macroeconomic Policy, KDI School of Public Policy and Management (Completed Master’s Coursework, 2016) 

    New York University School of Law (LL.M., Corporate Law, 2003) 

    Graduate School of Law, Seoul National University (LL.M., Taxation, 1999) 

    Judicial Research and Training Institute of the Supreme Court of Korea (1996) 

    College of Law, Seoul National University (LL.B., 1994)

Qualifications

    Admitted to bar, Korea, 1996; New York, 2003

Languages

Korean and English

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Bumkyu SUNG
Attorney


T. +82-2-3703-1711      
F. +82-2-737-9091/9092
     


  




Bumkyu Sung started practicing law as an attorney in 1999 and joined Kim & Chang in 2008. His practice focuses on compliance, audit and internal control of financial companies including banking, securities and finance-technology (Fintech) companies. 

His primary area of expertise includes AML, anti-bribery (FCPA) and internal investigation of domestic and global financial institutions that conduct business in Korea in accordance with relevant regulations. Mr. Sung also manages regulator issues of the global financial companies for business license, outsourcing, electronic finance, FX, cross-border business, etc. 

Before joining Kim & Chang, Mr. Sung served as senior in-house counsel of Citibank Korea Inc., where he advised on various issues including corporate banking, private banking and asset management. He also served as head of the compliance department at Citigroup Global Markets Korea Securities Inc., managing internal control standards and the company’s relationship with government. 

Mr. Sung received an LL.M. in Corporate Law from New York University School of Law in 2003, an LL.M. in Taxation from Seoul National University Graduate School of Law in 1999, and an LL.B. from Seoul National University College of Law in 1994. He graduated the Judicial Research and Training Institute of the Supreme Court of Korea in 1996. Mr. Sung is admitted to the New York bar and the Korean bar. 






    Advisor to Compliance Monitoring Committee, Korea Exchange (KRX) (2014-2017) 

    Kim & Chang (2008-Present) 

    Head of Compliance, Citigroup Global Market Korea Securities, Ltd. (2007-2008) 

    Lecturer, Graduate School of Interpretation & Translation, Hankuk University of Foreign Studies (2006) 

    Senior Legal Counsel, Corporate Investment Banking & Private Banking Group, Citibank Korea Inc. (2005-2007) 

    Cleary Gottlieb Steen and Hamilton, New York Office (2003-2004) 

    Yulchon LLC (1999-2004)






Awards

  •   External Counsel of the Year, In-House Community Counsels of the Year Awards 2016 (Pacific Business Press, 2016)

Publications/Activities

  •   Practical Summaries of Crypto Regulation and Law - South Korea (Co-author, The Elliptic Crypto Compliance Hub, 2022) 
  •   Regulatory Intelligence - South Korea: Anti-Money Laundering (Co-author, Thomson Reuters, 2019, 2021-2022) 
  •   Regulatory Intelligence - South Korea: Securities and Banking (Co-author, Thomson Reuters, 2016-2017) 
  •   Getting the Deal Through - Private Banking & Wealth Management: Korea chapter (Co-author, Law Business Research, 2016) 
  •   “Dealing with firewalls,” Regulatory Compliance & Enforcement: South Korea, IFLR June 2013 (Co-author, Euromoney Institutional Investor PLC, 2013.6.) 
  •   Financial Regulation and Internal Control of England- Risk Basis System, Auditor Magazine (Public Company Association, 2012.9.) 
  •   Management Structure and Internal Control of the England- Principle Basis, Auditor Magazine (Public Company Association, 2012.8.) 
  •   Protection of Whistleblowers in the US, Auditor Magazine (Public Company Association, 2012.7.) 
  •   Internal Control of Financial Institution, Auditor Magazine (Public Company Association, 2012.4.) 
  •   Recommendation on the Tax Treaty between Korea and the U.S. (1999)





Education

    Graduate School of Finance and Macroeconomic Policy, KDI School of Public Policy and Management (Completed Master’s Coursework, 2016) 

    New York University School of Law (LL.M., Corporate Law, 2003) 

    Graduate School of Law, Seoul National University (LL.M., Taxation, 1999) 

    Judicial Research and Training Institute of the Supreme Court of Korea (1996) 

    College of Law, Seoul National University (LL.B., 1994)


Qualifications

    Admitted to bar, Korea, 1996; New York, 2003


Languages
  •    Korean and English





Financial Regulation & Compliance ,  Securities ,  Fintech & IT Compliance ,  AML & Sanctions Compliance ,  Anti-Corruption & Corporate Compliance ,  Banking ,  Hong Kong