Law firm BAE, KIM & LEE LLC announced on the 14th that it has recruited former Chairperson Ko Seung-beom, who served as the Chairperson of the Financial Services Commission during the Moon Jae-in administration, as an advisor.
Advisor Ko Seung-beom graduated from Kyungbok High School and majored in economics at Seoul National University. He obtained a master's degree in public administration from Seoul National University's Graduate School of Public Administration and a Ph.D. in economics from American University. He entered public service after passing the 28th Administrative Examination in 1984 and has served in various roles, including Director of Market Research Division, Director of Non-Bank Supervision Division, Director of Bank Supervision Division, Director of Supervision Policy Division, and Head of Planning and Administration Office at the Financial Supervisory Commission (now the Financial Services Commission).
He later served as the Director of Financial Services Bureau and Director of Financial Policy Bureau at the Financial Services Commission, as well as Secretary-General and a commissioner, before being appointed as the 8th Chairperson of the Financial Services Commission in 2021 during the Moon Jae-in administration.
Advisor Ko will provide consulting on various financial matters across the Pacific Financial Group and the Future Financial Strategy Center.
He is regarded as a policy expert who has gained extensive experience in macroeconomic policy and financial industry-related policies through his key positions at the Financial Services Commission and other agencies. While serving as the Secretary-General of the Financial Services Commission in 2015, he led the Financial Structure Reform Task Force at the direction of Chairperson Shin Je-yoon (now an advisor at BAE, KIM & LEE LLC), laying the groundwork for financial reform policies that promoted venture capital, introduced internet-only banks, revitalized finance based on big data, and permitted financial companies to acquire fintech firms. He also addressed the issues of the second financial sector, such as savings banks, and oversaw restructuring while serving as Director of Financial Services Bureau in 2011. During his tenure as Chairperson of the Financial Services Commission in 2021, he pushed for strong household debt measures.
Lee Jun-ki, representative attorney at BAE, KIM & LEE LLC, said, "With the joining of Advisor Ko, we will be able to respond more proactively to various changes in financial policies, such as the amendment to the mutual savings bank law and the proposal for stablecoin legislation, which are being implemented with the launch of the new government." He added, "The Pacific Financial Industry Team will strive to provide top-level solutions to the rapidly changing financial environment and the new government's financial policies."