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Senior Advisor

Young Shok CHUNG

Financial Compliance

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Young Shok Chung is a senior advisor in the Banking & Finance Group. Prior to joining Lee & Ko, he served at the Insurance Supervisory Board and the Financial Supervisory Service for over 32 years, and has extensive experience and expertise in financial regulatory fields, including supervision, licensing, inspection and insurance consumer protection, specialized credit finance companies and value-added network providers.

While at the Insurance Supervisory Board and the Financial Supervisory Service, Mr. Chung was in charge of financial company licensing, review and amendment of the Insurance Business Act and financial consumer law, supervision of business activities of bancassurance and insurance agencies (GA), financial product brokerage and advertising, reinsurance brokerage and personal information protection. Based on his years of experience and in-depth knowledge, he provides practical and effective advice to clients on financial regulatory matters.
Education
1990 Kyungpook National University - B.A. in Law
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Work Experience
2022-Present Lee & Ko
2020-2021 Senior Professor, Financial Education Department, the Financial Supervisory Service
2019 Director-General, Financial Education Department, the Financial Supervisory Service
2018 Director-General, Daegu-Gyeongbuk Regional Office, the Financial Supervisory Service
2016-2017 Director-General, Credit Financial Inspection Office, the Financial Supervisory Service
2015 Director-General, Gyeongnam Regional Office, the Financial Supervisory Service
2013-2014 Financial Advisor, Gyeongsangbukdo Province Governor
2012 Director, Consumer Affairs Team of Consumer Protection Department, the Financial Supervisory Service
2010-2011 Director, Organization Planing & Budget Team, Planning Department, the Financial Supervisory Service
2008-2009 Director, General Insurance Affairs Team & Inspection Planning Team of General Insurance Service Department, the Financial Supervisory Service
2007 Director, Life Insurance Inspection Team of Life Insurance Inspection Department, the Financial Supervisory Service
2004-2006 Director, Business Supervision, Agency&Subsidiary Licensing Team of Insurance Supervisory Department, the Financial Supervisory Service
1989-2003 Examiner of Inspection, Dispute Settlement, Personnel Management, Planing and Budget, the Financial (Insurance) Supervisory Service
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Languages
Korean and English
Awards and Recognitions
2007 Commendation from the Deputy Prime Minister and Minister of Finance and Economy
2000 Commendation from the Governor of the Financial Supervisory Service
1992 Commendation from the Minister of Finance
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Publications / Presentations / ETC
Participation in the TF Revision of the Insurance Business Act (implemented in 2007, July 2010)
Participating in the Korea-U.S. FTA (2004-2006) and the Prime Minister’s Office in improving status of special type workers (insurance planners) (2004-2006)
Consultation of Car Insurance on Daegu Transportation Broadcasting Station (2002-2004)
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