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Jang Young LEE Senior Advisor

Jang Young LEE Senior Advisor
Jang Young LEE Senior Advisor

Jang Young LEESenior Advisor

T.+82-2-3703-4857 F.+82-2-737-9091/9092 E.jangyoung.lee@kimchang.com

Areas of Expertise

Bio

Dr. Lee Jang Young is a senior advisor at Kim & Chang.

Throughout his career, Dr. Lee has been an economist-turned financial regulator and administrator. ?He taught economics as an assiatant professor in the State University of New York, worked as a staff economist in the International Monetary Fund, conducted financial industry research at the Korea Institute of Finance, advised the Ministry of Finance and Economy as a senior counselor to the minister, served as a deputy governor and a senior deputy governor of the Financial Supervisory Service of Korea, and managed as the president of Korea Banking Institute.

While in the Financial Supervisory Service, he played a key role in establishing a reasonable and rational regulatory and supervisory system consistent with best global practices: implemented the Roadmap for Modernizaton of Supervisory Practices focusing on supervisory transparency and consistency; and adopted the Basel II capital standard for the banks and Risk-Based Capital (RBC) for the insurance companies.

As a deputy governor for international affairs, he improved supervisory work process for foreign financial service companies by launching the International Supervision Support Office (ISSO). ?With sufficient supervisory expertise and English proficiency, he and his team could not only address complaints and grievances but also handle authorization and approval applications exclusively for foreign financial firms.

As a senior deputy governor of the FSS, he upgraded the supervision of banking institutions and financial holding companies. He also served as a chairman of the Sanction Deliberation Committee, a member of the Financial Dispute Settlement, and represented Korea on international rule-setting bodies, such as the Basel Committee on Banking Supervison (BCBS) as well as the Annual Trilateral Supervisory Meeting among Korea, Japan, and China.

He took many initiatives to step up dialogue with foreign and domestic market practioners. ?He participated regularly as a speaker the Financial Service Working Group Meeting of the U.S.-Korea Business Council as well as Luncheon Meeting of the Foreign Bankers Group in Korea (FBG) and EUCCK.

He has authored and co-authored vairous publications, including “Basel III and Risk Management”, “How to promote Seoul As an International Financial Hub?”, “Enhancing Customer Due Diligence in Banks,” Developing Private-Sector Driven Project Financing in Korea”, and “Sterilizing Capital Inflows.”

He received Ph.D in Economics from the New York University in 1989. ?He is fluent in English, and also holds HSK 4 certificate (Chinese Proficiency Test).

Profile

Experience

Kim & Chang (2016-Present) 

Visiting Fellow, Korea Institute of Finance (2015-2016) 

President, Korea Banking Institute (2012-2015) 

Senior Deputy Governor for Bank Supervision and Sanction Committee Chairman, Financial Supervisory Service (2008-2011) 

Deputy Governor for International and Macro-Prudential Supervision, Financial Supervisory Service (2005-2008) 

Special Advisor to the Chairman of Board of Audit and Inspection (2004-2005) 

Senior Advisor, Ministry of Finance and Economy (2000-2003) 

Senior Research Fellow, Korea Institute of Finance (1996-2005) 

Staff Economist, International Monetary Fund, Monetary and Exchange Affairs Dept. (1993-1996) 

Assistant Professor in Economics, State University of New York (1988-1990) 

Representative Activitiesshow

Publications/Activities
    • Internationalization of Korean Won: How to prepare domestic institutional arrangement? (in Korean) (KIEP Research Project, 2016.5.) 
    • Basel III Standards and Risk Management (in Korean) (Pak Young Sa Publishing Co. 2011.11.) 
    • How to Promote Seoul As an International Financial Hub? (in Korean) (Co-author, Korea Institute of Finance, 2003.11.) 
    • Enhancing Customer Due Diligence in Banks (in Korean) (Co-author, Korea Institute of Finance, 2003.8.) 
    • Developing Private-Sector Driven Project Financing in Korea, (in Korean) (Korea Institute of Finance, 1998.8.) 
    • Sterilizing Capital Inflows, Economic Issue No. 7 (International Monetary Fund, 1997) 
    • Trade Barriers in Financial Services (Korea Institute of International Economic Policy, 1992) 
    • Financial Markets and Regulations in the United States (1991) 
    • Speaker, “Internationalization of Korean Won and Institutional Prerequisites” Seoul Financial Forum Seminar (Seoul, 2016.9.) 
    • Speaker, “Strategies for Currency Convertibility: Korea’s Perspective”, KIEP-EWC Seminar on Strengthening North Pacific Cooperation (Hawaii, 2015.12.) 
    • Speaker, “FBG Luncheon Speech”, Foreign Bankers Group Meeting (Seoul, 2010.9.) 
    • Speaker, “Updates on Korean Financial Services Regulation” U.S.-Korea Business Council (Washington, DC, 2009.11.)

Education

    Seoul National University (B.A., Economics, 1978)

    New York University (M.A., Economics, 1985)

    New York University (PhD., Economics-International Finance, 1989)

Languages

Korean, English and Chinese

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Jang Young LEE
Senior Advisor


T. +82-2-3703-4857      
F. +82-2-737-9091/9092
     


  




Dr. Lee Jang Young is a senior advisor at Kim & Chang.

Throughout his career, Dr. Lee has been an economist-turned financial regulator and administrator. ?He taught economics as an assiatant professor in the State University of New York, worked as a staff economist in the International Monetary Fund, conducted financial industry research at the Korea Institute of Finance, advised the Ministry of Finance and Economy as a senior counselor to the minister, served as a deputy governor and a senior deputy governor of the Financial Supervisory Service of Korea, and managed as the president of Korea Banking Institute.

While in the Financial Supervisory Service, he played a key role in establishing a reasonable and rational regulatory and supervisory system consistent with best global practices: implemented the Roadmap for Modernizaton of Supervisory Practices focusing on supervisory transparency and consistency; and adopted the Basel II capital standard for the banks and Risk-Based Capital (RBC) for the insurance companies.

As a deputy governor for international affairs, he improved supervisory work process for foreign financial service companies by launching the International Supervision Support Office (ISSO). ?With sufficient supervisory expertise and English proficiency, he and his team could not only address complaints and grievances but also handle authorization and approval applications exclusively for foreign financial firms.

As a senior deputy governor of the FSS, he upgraded the supervision of banking institutions and financial holding companies. He also served as a chairman of the Sanction Deliberation Committee, a member of the Financial Dispute Settlement, and represented Korea on international rule-setting bodies, such as the Basel Committee on Banking Supervison (BCBS) as well as the Annual Trilateral Supervisory Meeting among Korea, Japan, and China.

He took many initiatives to step up dialogue with foreign and domestic market practioners. ?He participated regularly as a speaker the Financial Service Working Group Meeting of the U.S.-Korea Business Council as well as Luncheon Meeting of the Foreign Bankers Group in Korea (FBG) and EUCCK.

He has authored and co-authored vairous publications, including “Basel III and Risk Management”, “How to promote Seoul As an International Financial Hub?”, “Enhancing Customer Due Diligence in Banks,” Developing Private-Sector Driven Project Financing in Korea”, and “Sterilizing Capital Inflows.”

He received Ph.D in Economics from the New York University in 1989. ?He is fluent in English, and also holds HSK 4 certificate (Chinese Proficiency Test).






    Kim & Chang (2016-Present) 

    Visiting Fellow, Korea Institute of Finance (2015-2016) 

    President, Korea Banking Institute (2012-2015) 

    Senior Deputy Governor for Bank Supervision and Sanction Committee Chairman, Financial Supervisory Service (2008-2011) 

    Deputy Governor for International and Macro-Prudential Supervision, Financial Supervisory Service (2005-2008) 

    Special Advisor to the Chairman of Board of Audit and Inspection (2004-2005) 

    Senior Advisor, Ministry of Finance and Economy (2000-2003) 

    Senior Research Fellow, Korea Institute of Finance (1996-2005) 

    Staff Economist, International Monetary Fund, Monetary and Exchange Affairs Dept. (1993-1996) 

    Assistant Professor in Economics, State University of New York (1988-1990) 






Publications/Activities

  •   Internationalization of Korean Won: How to prepare domestic institutional arrangement? (in Korean) (KIEP Research Project, 2016.5.) 
  •   Basel III Standards and Risk Management (in Korean) (Pak Young Sa Publishing Co. 2011.11.) 
  •   How to Promote Seoul As an International Financial Hub? (in Korean) (Co-author, Korea Institute of Finance, 2003.11.) 
  •   Enhancing Customer Due Diligence in Banks (in Korean) (Co-author, Korea Institute of Finance, 2003.8.) 
  •   Developing Private-Sector Driven Project Financing in Korea, (in Korean) (Korea Institute of Finance, 1998.8.) 
  •   Sterilizing Capital Inflows, Economic Issue No. 7 (International Monetary Fund, 1997) 
  •   Trade Barriers in Financial Services (Korea Institute of International Economic Policy, 1992) 
  •   Financial Markets and Regulations in the United States (1991) 
  •   Speaker, “Internationalization of Korean Won and Institutional Prerequisites” Seoul Financial Forum Seminar (Seoul, 2016.9.) 
  •   Speaker, “Strategies for Currency Convertibility: Korea’s Perspective”, KIEP-EWC Seminar on Strengthening North Pacific Cooperation (Hawaii, 2015.12.) 
  •   Speaker, “FBG Luncheon Speech”, Foreign Bankers Group Meeting (Seoul, 2010.9.) 
  •   Speaker, “Updates on Korean Financial Services Regulation” U.S.-Korea Business Council (Washington, DC, 2009.11.)





Education

    Seoul National University (B.A., Economics, 1978)

    New York University (M.A., Economics, 1985)

    New York University (PhD., Economics-International Finance, 1989)


Languages
  •    Korean, English and Chinese





Banking ,  Insurance ,  China