Senior Research Fellow, Korea Institute of Finance (current)
Financial Dispute Mediation Committee, Financial Supervisory Service (current)
Director, Capital Markets Division, Korea Institute of Finance
Head, Houshold & Corporate Debt Research Center, Korea Institute of Finance
Senior Advisor, Financial Services Commission
Senior Advisor, Financial Supervisory Service
Financial Investment Approval Board, Financial Supervisory Service
Research Fellow, Korea Development Institute
Head, International Finance, Korea Securities Research Institute(currently Korea Capital Market Institute, KCMI)
Financial Market Analyst, Bank of Korea
Min-Kyu Song is the Senior Research Fellow, Korea Institute of Finance. He served as Senior Advisor to the Chairman of Financial Services Commission in 2017~ 2018 and to the Governor of Financial Supervisory Service in 2021~2022 as well. He joined the KIF in 2010 and was the Director of Capital Markets Division in the institute from 2013 to 2021. Before joining the KIF, he worked for Korea Development Institute(KDI), Korea Securities Research Institute(currently Korea Capital Market Institute, KCMI) and the Bank of Korea(BOK). Dr. Song received his Ph.D. in Economics from the University of Texas at Austin in 2005.
He is a recognized expert in capital markets, international finance, payment system, and financial development. He is currently focusing on the issues of emerging financial markets, global investment strategies, indirect investment instruments and systemic risks of financial intermediaries. His researches include “Stock Market Stabilization Fund: Cases and Policy Suggestions(2023)”, “Debates on Short-Selling in Stock Markets and Policy Suggestions(2021)”, “House Price Index-Linked Mortgages(2017),” “Is Household Debt Holding Back Consumption?: Analyses of Household-Level Data in Korea(2017)”, "How Did Korean Financial Markets Get Infected by the Global Financial Crisis?(2012)," "Issues in Establishing a Carbon Market in Korea(2012)," "An Analysis on Intrinsic Bubbles in Korean Stock Markets(2007)" among others.
Publications
Stock Market Stabilization Fund: Cases and Policy Suggestions, KIF Research 2023-07, KIF, 2023.
Regulations on Financial Advertisement and Suggestions(with Hae Won Byun, Sungbok Lee and Min Seop Yun), Commissioned Research for Korea Federation of Banks, Korea Financial Investment Association, Korea Life Insurance Association, General Insurance Association of Korea, Korea Federation of Savings Banks, Credit Finance Association, and National Credit Union Federation of Korea, 2023.
Finance for Enhancing Potential Economic Growth, Commissioned Research for National Economic Advisory Council, 2023.
Debates on Short-Selling in Stock Markets and Policy Suggestions, KIF Research 2021-05, KIF, 2021.
Credit Rating Agencies in Korea: Competition and Policies(with Hyungjoon Lim), Commissioned Research for Financial Services Commission, 2021.
Editor and main author, Zero Interest Rate Environment: Potential Risks in Financial Markets and Policy Responses, KIF Financial Analysis Report 2020-07, KIF, 2020.
House Price Index-Linked Mortgages, in Song(eds.), Home-Backed Loans in Korea: Design of Policies and Mortgage Products, KIF Finance Research Series 2017-01, KIF, 2017.
Is Household Debt Holding Back Consumption? Analyses of Household-Level Data in Korea(with Hyoungsik Noh), in Song(eds.), Home-Backed Loans in Korea: Design of Policies and Mortgage Products, KIF Finance Research Series 2017-01, KIF, 2017.
Editor, Home-Backed Loans in Korea: Design of Policies and Mortgage Products, KIF Finance Research Series 2017-01, KIF, 2017.
Issues and Suggestions on Korean Government Debt Management(with Jongsang Park, Minkee Song), Commissioned Research for Ministry of Strategy and Finance, 2016.
Assessment and Future Tasks on Korean Credit Agencies, Commissioned Research for Financial Services Commission, 2016.
In-Depth Studies of Indonesian Financial Markets: Financial Investment Industries(with Hyoungsik Noh), Commissioned Research for International Financial Cooperation, 2016.
Determinants and Consequences of Government Debt Maturity(with Jongsang Park), KIF Research 2016-01, KIF, 2016.
Corporate Financial Structure in Korea: Issues and Policies(with Bomi Lee and Jieun Lee), Commissioned Research for Ministry of Strategy and Finance, 2015.
Branching Out Strategies of Korean Financial Industry(with Eunsook Seo), Commissioned Research for International Financial Cooperation, 2015.
Financial Consumer Protection in Korea: Assessments and Suggestions(with Houngsik Noh et al.), KIF Research 2014-01, KIF, 2014.
SWOT Analysis on the Capital Market Infrastructures in the ASEAN+3 Member Countries and Its Implications, Commissioned Research for Ministry of Strategy and Finance, 2014.
Financial Policies for Myanmar SMEs: Korea’s Experience and Policy Recommendations(with Dong Hwan Kim and Haesik Park), Commissioned Research for Ministry of Strategy and Finance and Korea Development Institute, 2014.
National Debt Management(with Jongsang Park), Commissioned Research for Ministry of Strategy and Finance, 2013.
Korean Treasury Bonds Markets: Current Status and Future Tasks(with Yong-Sang Shyn), Commissioned Research for KRX, 2012.
How Did Korean Financial Markets Get Infected by the Global Financial Crisis?(with Hangyong Lee), in Obstfeld, Cho and Mason(eds.), Global Economic Crisis: Impacts, Transmission, and Recovery, Edward Elgar. 2012.
Issues in Establishing a Carbon Market in Korea(with Kyoung-Soo Yoon), in Hahn, Lee and Yoon(eds.), Reponding to Climate Change: Global Experiences and the Korean Perspective, Edward Elgar. 2012.
Carry Trade and Korean Foreign Exchange Market(with Haesik Park), KIF Financial Research Report 2011-04, KIF, 2011.
The Establishment of Alternative Trading System in Korea: Issues & Considerations(with Taehoon Youn), Finance VIP Series 2011-26, KIF, 2011.12.
Korean ETF Markets: Evaluation and Future Tasks(with Taehoon Youn et al.), Commissioned Research for Financial Supervisory Servic, KIF, 2011.
Foreign Exchange Exposures of Korean Firms During 2002~2009(with S. Cho), Panel for Korean Economic Analysis Vol.17, No.2, 2011.
Foreign Exchange Exposures of Korean Firms(With S. Cho), Journal of East Asian Economic Integration Vol. 15, No. 1, 2011.
Foreign Exchange Exposures of Korean Firms and Their Determinants(with S. Cho), in T. Youn and S. Hur(eds.), Setting the New Paradigms for the Financial Industry and Regulation, KDI Research Report 2010-03, 2010.
Carbon Markets and Emission Abating Policies(with K. Yoon), in J. Hahn and H. Cheon(eds.), Climate Change and Green Growth, KDI, 2010.
Policy Reforms for Green Growth(with J. Kim and others), Commissioned Research for National Research Council for Economics, Humanities and Social Sciences, 2009.
Foreign Currency Exposures of Korean Firms(with S. Cho), Policy Forum, KDI, 2009.
Macroeconomic Analysis for Financial Policy(co-authored), Commissioned Research for Financial Supervisory Service, KDI, 2009.
Ways to International Financial Center in Korea(with S. Kim and others), Issue Paper 08-02, KSRI, 2008.
Capital Markets for Small and Medium Businesses(with P. Kim and others), Commissioned Research for Korea Credit Guarantee Fund, KSRI, 2007.
Seoul’s International Finance Environment: A Comparative Study(with S. Kim and others), Discussion Paper, KSRI, 2007.
An Analysis on Intrinsic Bubbles in Korean Stock Markets(with K. Bihn), Research Review, Vol.21, Financial Supervisory Service, 2007.
Initial Design for the Cambodian Securities Market(with K. Eom and others), Commissioned Research for Korea Exchange, 2007.
Corporate Cash Holding and Corporate Value(with K. Bihn and E. Seo), The Journal of Korean Economy, Vol.19, 2007.
Discussions on Payment System for Securities Accounts(with E. Seo), Working Report, KSRI, 2007.
Securities account in Payment System(with E. Seo), Securities, Vol.129, Korea Securities Dealers Association, 2006.
A Research on Corporate Cash Holdings(with K. Bihn and E. Seo), Research Report 06-06, KSRI, 2006.
How to Protect Client Money of Securities Account?(with K. Bihn and E. Seo), Commissioned Research for Korea Securities Finance Corporation, 2006.
Payment System in Capital Markets(with E. Seo), Issue Paper 06-01, KSRI, 2006.
Bubbles in the Korean Stock Prices?(with K. Bihn and J. Kim), Research Report 06-01, KSRI, 2006.
Honors/Award
Iron Tower Order of Industrial Service Merit(National Commendation from the President of the Republic of Korea: for outstanding contribution to the financial industry), 2021.
Commendation from the President of Korea Institute of Finance, 2019.
Research Award, Korea Institute of Finance, 2024.
Excellent Research Award, Korea Institute of Finance, 2018.
Research Award, Korea Institute of Finance, 2016.
Commendation from the Chairman of the Financial Services Commission, 2013.
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