[Law Firm Now] Bae, Kim & Lee LLC Recruits Financial Supervisory Service Veterans Sungil Choi and Jongun Kim

Strengthening Advisory Capabilities for Financial Regulatory Compliance

Advisor Choi, Expert in Financial Supervision

Senior Advisor Kim, Specialist in Digital Finance and Information Security

Bae, Kim & Lee LLC (Managing Partner: Junki Lee) has recruited Seongil Choi as Advisor and Jongun Kim as Senior Advisor, both formerly with the Financial Supervisory Service (FSS).

On March 11, Bae, Kim & Lee LLC announced that it had brought on board Advisor Choi, an expert in financial supervision who previously served as Deputy Governor of the Banking and SME Department at the FSS, and Senior Advisor Kim, a specialist in digital finance and information security who served at the IT and Fintech Strategy Department and Digital Finance Examination Department at the FSS.

From the left, Seongil Choi, Advisor at Bae, Kim & Lee LLC, and Jongun Kim, Senior Advisor. Bae, Kim & Lee LLC

Recently, with increased supervision and inspection of financial companies and a rising focus on IT systems and information security due to the expansion of digital finance, financial institutions are now required not only to comply with regulations but also to establish internal control systems and enhance risk management capabilities. In response to these changes in the financial environment, Bae, Kim & Lee LLC has been continuously strengthening its regulatory advisory capabilities by recruiting experts with practical experience at supervisory authorities.

Advisor Seongil Choi began his career at the Bank of Korea in 1987, starting in bank supervision. He later held various positions at the FSS, including Director of Bank Supervision, Director of Comprehensive Supervision, Head of IT and Financial Information Security Division (also serving as Senior Director), and Deputy Director General of Strategic Supervision, before ultimately serving as Deputy Governor of the Banking and SME Department. After leaving the FSS, he worked as an invited researcher at the Korea Development Institute (KDI) and the Korea Insurance Research Institute (KIRI), conducting research on financial regulation, financial supervision, platform economy, and insurance policy and systems.

Advisor Choi will provide comprehensive advisory services on regulatory matters at Bae, Kim & Lee LLC's Financial Group and Future Finance Strategy Center, including inspections and sanctions response for financial institutions, advice on internal control and corporate governance, and regulatory compliance.

Senior Advisor Jongun Kim is an expert in digital finance and information security. After working at Samsung SDS on global ICT infrastructure consulting and implementation, he has served since 2013 at various FSS departments, including the IT and Fintech Strategy Department, Digital Finance Examination Department, and Information Strategy Department, overseeing digital finance supervision, registration of electronic financial service providers, and IT inspections of financial institutions.

Senior Advisor Kim will be responsible for digital financial regulatory response at Bae, Kim & Lee LLC's Financial Group and Information Security Strategic Consulting Team, including inspections and sanctions response for financial institutions, IT internal control and risk management advisory, and IT audit response.

Hakkyun Kim, Head of the Financial Group at Bae, Kim & Lee LLC and former Standing Commissioner of the Financial Services Commission, stated, "With changes in the financial regulatory environment, the importance of supervision and inspection response, as well as internal control capabilities, is increasing," and added, "Bae, Kim & Lee LLC will continue to strengthen its regulatory advisory capabilities together with experts who have experience at supervisory authorities."

Meanwhile, Bae, Kim & Lee LLC's Financial Group offers regulatory and policy advisory services with a team led by Foreign Attorney Hakkyun Kim (admitted in New York), former Standing Commissioner of the Financial Services Commission and former Chairman of the KOSDAQ Committee at the Korea Exchange, as well as Foreign Attorney Youngmo Kim (admitted in New York), former Deputy Director General at the Financial Services Commission, and includes other notable advisors such as former FSC Chairmen Jeyoon Shin and Seungbeom Koh, former FSS Deputy Governor Dongyeob Lee, former FSS Director General of Savings Bank Supervision Jungho Seo, former FSS Director General of Accounting Investigation Kiyoung Lee, former FSS Dispute Mediation Division 3 Bank Team Leader Sungha Ra, former Korea Exchange Executive Vice President Sungchae Ra, former Korea Exchange Listing Director Yongsang Kim, and former Korea Exchange Accounting Support Center Director Kiyong Kim.

According to last year's value-added tax filing to the National Tax Service, Bae, Kim & Lee LLC posted revenue of 440.2 billion won, reclaiming its position as the second-largest law firm in Korea.

This content was produced with the assistance of AI translation services.