Choi Jong-ku, a former chairman of the Financial Services Commission (FSC) of South Korea, has joined Yoon & Yang as a special adviser in the Korean firm’s banking and finance practice group.
Bringing 40 years of experience, Choi will advise a wide range of clients on financial issues in newly emerging areas, including fintech and virtual assets.
During his tenure at the FSC in 2017-2019, Choi stabilised household loan growth by introducing the Debt Service Ratio Regulation, established innovative financial services such as Internet banks and financial regulatory sandboxes, and led reforms in fintech and in other digital financial regulatory areas.
Previously, Choi was also a senior vice governor of the Financial Supervisory Service and the president of Export-Import Bank of Korea. He started his career at the Ministry of Economy and Finance and took roles as the deputy minister for international affairs and the director general of the International Finance Bureau.
“The demand for legal advice is increasing as fintech and platform companies enter the digital financial market,” said Choi. “Yoon & Yang provides an excellent platform for financial advice with robust industry expertise to meet this growing demand.”