Dr. Young Do Kim is a Senior Research Fellow of the KIF, which he joined in 2007. He is a director of the Bank & Insurance Research Division of the KIF, and has served as a director of the Capital Market Research Division and a Senior Advisor for the Chairman of Financial Service Commission (FSC). He also was working for the Korea Exchange, and is currently working for the KDIC and the Shinhan Financial Investment Co. as an outside director. He studies and examines the various economic and institutional issues relating to banking and capital markets as well as financial industry. He also participated in several task forces led by both public and private sectors and has been involved in several governmental and private research projects. He (co)authored numerous books, papers, and reports regarding financial markets and financial industry. He received his MA and PhD in Economics in 2007 from University of California, San Diego (UCSD). He also earned an MA in Finance and a BA summa cum laude in economics from Korea University.
WORK EXPERIENCE (as of Jan. 2022)
[Current Position]
Committee Member of Clearing Commission, Korea Exchange (’21~)
Outside director, Korea Deposit Insurance Corporation (’21~)
Outside director, Shinhan Financial Investment Co (’15~18, ’21~)
Director, Bank and Insurance Research Division, Korea Institute of Finance (’21~)
FSB Legal Entity Identifier (LEI) Private Sector Preparation Group Member
Member of Unfair Derivatives Trade Activity Investigation Committee, Financial Supervisory Service(FSS)
Assistant Administrator at Korea Money and Finance Association
Member of New OTC Derivatives Approval Committee, Korea Financial Investment Association
Part-time Lecturer: UCSD, Korea University, and Yonsei University
Accounting Assistant, ACCENTURE KOREA
Teaching Assistant: Korea University, UCSD
Research Assistant: Korea University, BK21 Program
EXPERTISE AREA
Asset Pricing, Portfolio Theory, Econometrics Theory, Money Market structure, Financial (Derivative) Market and Products, Financial Regulation and Policy
AWARDS
AWARDS from the Chairman of the Financial Services Commission (FSC)(2021.12)
AWARDS from the President of the KIF(2017.6)
AWARDS from the Chairman of the Financial Services Commission (2012.12)
AWARDS from the President of the Korea University(1999.2)
PUBLICATION (as of Jan. 2022)
[Korea Institute of Finance (KIF)] (mostly in Korean, some refereed)
Kim, Y. D., “Bank’s loan growth rate and stock price return: Focusing on the case of Korean banks,” KIF Financial Analysis Report, 2022, KIF, forthcoming
Kim, Y. D., “Reviewing the necessity and introduction of domestic secondary loan market,” KIF VIP Report, forthcoming, KIF
Kim, Y. D. and Y. Shyn, “A Study on Introduction of Reverse Mortgage using Securitization in the Capital Market,” forthcoming, KIF Research Report, KIF
Kim, Y. D., “IB business status of domestic securities firms and implications: Including analysis of security firms in financial holding companies,” KIF VIP Report, 2018-03, KIF, 2018.9
Kim, Y. D., “Use of securitization to mitigate household debt risk: Using MBS and covered bonds,” KIF VIP Report, 2018-02, KIF, 2018.8
Lim, J., Y. D. Kim, S. Park and C. Park, “Household Debt Assessment and Policy Direction,” KIF Report, KIF, 2018.02
Y. D. Kim, “A study on the effects of monetary policy on the price of asset markets through a asset price channel.,” KIF Research Report, 2017-12, KIF, 2016.11
Shin, Y. S., and Y. D. Kim, “A study on the Financial Commoditization of Housing Assets: Focusing on Housing Assets Acquired from Financial Institutions,” KIF Research Report, 2016-04, KIF, 2016.11
Kim, Y. D. et al, “Personal Credit Information and Macro-Prudential,”, KIF working paper 15-15, KIF, 2015.11
J. Ku, Y. D. Kim and S. Lee, “Analysis on the Effect of Policy Finance for Domestic Small and Medium Sized Firms,” KIF Policy Report, 2015-2, KIF, 2015.3
Kim, S., B. Gu and Y. D. Kim, “Corporate Side Leverage Trend and Mitigating Default Risk: Micro-Analysis on Outside Auditing Firms,” In Analysis and Forecast on Korea’s Macro-Leverage, edited by M. Lee., KIF Researches Series, 2014-01, KIF, 2014.7.
S. Shon and Y. D. Kim, “Developing Domestic Financial Investment Business,” KIF Policy Report, 2014-01, KIF, 2014.6
Kim, Y. D., “Money Market Restructuring by Improving Repo Market,” Finance VIP Series, 2014-7, KIF, 2014.6
Kim, Y. D., “Improving House Rent Markets and Financial Support,” In Policy Research for the Long Term Development of House Rent Markets, edited by M. Cho., mimeo, KDI, 2013.12.
Kim, Y. D., and C. B. Shur, “Determinants of Money Move among Financial Sectors and Its Implication,” KIF Research Report, 2013-6, KIF, 2013.12
Kim, Y. D., “Change in OTC markets regulation and Impact of Domestic Financial Markets,” KIF Research Report, 2013-5, KIF, 2013.10
Kim, Y. D., H. J. Lim, M. Song and T. Yeon, “Issues and Developing Strategies on ETF,” Finance VIP Series, 2013-4, KIF, 2013.4
Kim, Y. D. and Jean Lim, “Influence of fall in House Price on Financial Industries: based on 2012 Household & Welfare Survey,” Finance VIP Series, 2012-3, KIF, 2012.3
Kim, Y. D., “Future Tasks for Improvement in Domestic Short-term Money Markets,” KIF Finance Report, 2013-2, KIF, 2012.3
KIF, “Whitepaper on Household Debt Problem,” KIF Finance Report, 2013-2, 2012.1
Kim, Y. D., “Improvement in Domestic Derivatives Market Disclosure System,” Finance VIP Series, 2012-2, KIF, 2012.1
Kim, Y. D. and H. J. Lim., “Main Factors of Foreign Investors’ Asymmetric Bond Buying/Selling Behavior,” Finance VIP Series, 2012-1, KIF, 2012.1
Kim, Y. D., “Measures to Vitalize Covered Bond in relation to Changes in Mortgage Loan Structure,” Finance VIP Series, 2011-21, KIF, 2011.11
Kim, Y. D., J. Lee, H. J. Lim, M. Song and T. Yeon, “Policies for Vitalizing Investment Banks,” Finance VIP Series, 2011-17, KIF, 2011.8
Kim, Y. D., “Securities Lending Market and Its Policy Implications,” 2011-07, KIF, 2011.6 (Korean and English version)
Kim, Y. D. and S. W. Park, “Introduction of a Financial Stability Contribution (Bank Levy) & its Policy Implications,” Finance VIP Series 2011-01, KIF, 2011.3 (Korean and English version)
Kang, J. M. and Y. D. Kim, “Effects of Banking Industry Risks on Fund Brokerage Functions,” KIF Finance Research, 2010-02, KIF, 2010.9
Kang, J. M. and Y. D. Kim, “Efforts to Grow the Short-term Financial Market,” Finance Report, KIF, 2010.7
Kim, Y. D. and J. E. Lee, “Impact of Loan-Deposit Ratio Caps on Korea’s Financial Markets”, Finance VIP Series, 2010-02, KIF, 2010.4 (Korean and English version)
Kim, Y. D. and S. J. Lee, “Understanding KIKO Derivatives,” Finance Investigation Report, 2009-06, KIF, 2008.12
Kim, Y. D. and H. S. Park, “Price Effects of Won/Yen Synchronization to Export”, Finance Investigation report, 2008-05, KIF, 2008.12
Kim, Y. D. and S. J. Lee, “Adoption of Principle-centered Surveillance System”, Policy Investigation Report, 2008-04, KIF, 2008.11
[Consulting Service (Reports and Advice)] (in Korean)
Kim, Y. D., “A Feasibility Study on the Introduction of the Central Clearing House (CCP) in the Domestic RP Market,” Report for FSC, 2021.12
Kim, Y. D. and B. Y. Lee, “A Study on Methods for Enhancing Competitiveness in the Banking Industry,” Report for FSC, 2021.12
Kim, Y. D. et al, “Development Plan of Risk-based Deposit Insurance Premium,” Report for KDIC, in progress
Kim, Y. D. et al, “In-depth efficientcy assessment of the fund of funds,” Report for MOSF, in progress
Kim, Y. D. and H. Lim, “A study on criteria and procedures for the approval of non-centrally cleared OTC derivatives,” Report for FSS, 2018.12
Kim, Y. D. and T. Yeon, “Study on improvement for establishing primary and secondary market of gift certificate,” Report for MOSF, 2018.12
Kim, Y. D. et al, “A Study on Introduction of Foreign Currency nominated EFT Market,” Report for FSC, 2018.11
Kim, Y. D. et al, “Introducing Derivative Market of Carbon Trading in Korea,” Report from MOSF, 2017.12
Kim, Y. D. et al, “Developing Carbon Trading Market in Korea,” Report from MOSF, 2017.12
Lee, S. and Y. D. Kim, “Developing Insurance Fraud Forecasting Model,” Report from Korea Credit Information Services, 2017.5
Kim, Y. D. et al, “Improvement of Financial Companies’ Inspection by FSS,” Report from FSS, 2015.12
Kim, Y. D. et al, “Developing Strategy for Activating Treasury Bonds STRIPS,” Report from MOSF, 2015.6
Kim, Y. D. and H. Lim, “Introduction of Trading Repository for OTC Markets and Managing Trade Information,” Report from FSS, 2014.12
Kim, Y. D. et al, “Developing Specialized Financial Industry in JeonBuk Province,” Report from JeonBuk, 2014.10
Kim, Y. D. et al, “Concentration of Credit Information system,” Report from FSC, 2014.7
Kim, Y. D. et al, “Business Restructuring of National Federation of Fisheries Cooperatives: Credit Business,” Report from MOSF, Ministry of Oceans and Fisheries (MOF), and Financial Services Commission (FSC), KDI, 2014.6
Kim, Y. D. and S. Y. Lee, “Activating M&A Markets,” Report from FSC, 2013.12.
Kim, Y. D. and C. K. Park, “Developing On-Lending Lending Method,” Report from MOSF, 2012.12.
Kim, Y. D. et al, “Research on Activating Asset Management Services for the 100 Years Old Days,” Report from Korea Securities Depository, 2013.6.
Kim, Y. D. and S. Y. Lee, “Introduction of Equity Investment Type Crowdfunding,” Report from MOSF, 2012.12.
Kim, Y. D., J. Lim, H. S. Noh and J. Shu, “Micro Analysis on Household Debt Problems,” Report from FSC, 2012.11.
Jung, C. W., Y. D. Kim and T. Yeon, “Improvement in Tax Scheme regarding Financial Sectors,” Report from FSC, 2012.8
Kim, Y. D. and K. B. Lee, “Improvement in Infrastructure and Management System for the Short-Term Money Markets among Financial Companies,” Report from FSC, 2011.12
Kim, Y. D., H. J. Lim, M. Song and T. Yeon, “A Study on Sound Development in the ETF Market,” Report from FSC, 2011.12
Institute of Economics and Social Policies, “The Role of Regional Credit Guarantee Foundation for People’s Financing,” Report from Regional Credit Guarantee Foundation, 2011.12 (Advice)
KMFA, “Future Prospects of Korea Asset Management Corporation (KAMCO) and Its Functions,” Report from KAMCO, 2011.07 (Advice)
Korea Institute of Finance et al., “Implications on the Reform of the U.S. Financial Regulations,” Report from FSC, 2011.02
Jung, C. W., Y. D. Kim, S. H. Lee and K. W. Shu, “Measures on Demand Forecast and Risk Distribution of Technology Finance,” Report from Korea Technology Finance Corporation, 2011.01
Kim, Y. D., S. Y. Lee and H. J. Lim, “Report on G20 Developing Countries Conference,” Report from Presidential Committee for the G-20 Summit, 2010. 10
Kim, B. D., Kim Y. D. and S. W. Park, “Effects of Financial Stability Allotment to the Financial Industry,” Report from Korea Deposit Insurance Corporation, 2010. 09
Kim, Y. D. et al, “Master Plan for Busan as a Financial Hub,” Report from City of Busan, 2010. 05
Korea Institute of Finance, “Policies & Vision for Financial Development,” Report from FSC, 2010. 04
Kang, J. M. and Y. D. Kim, “Adoption of Short-term Interest Rate Futures and Growth in the Interest Rate Futures Market,” Report from Korea Exchange, 2009.11
Kim, Y. D., T. K. Lee and H. S. Park, “Influence of Foreign Investors’ Securities Investment to the Korean Economy,” Report from MOSF, 2009. 02
Kim, Y. D. and J. H. Koo, “Management and Surveillance System Measures for Derivatives,” Report from FSC, 2008.10
Kim, Y. D. and S. J. Lee, “Adoption of Principle-centered Surveillance System,” Report from FSS, 2008.04
Han, J. J., Y. D. Kim and H. S. Park, “A Study on Vitalizing the Over-the-Counter Derivatives Market,” Report from MOSF, 2008.01
Kim, Y. D. and S. J. Lee, “Internationalization of Finance-related Administration for the Development of Financial Hub,” Report from MOSF, 2007.12
[Publication, Books and Others]
Kim, Y. D., “A review of the necessity of improving the taxation system for overseas ETFs and listed ETFs,” KRX market Security·Derivative, Vol 139, 2019/2020 winter issue, Korea Exchange, 2020.1.
Kim, Y. D., “Analysis of the Impact Channel of Mortgage Regulations on Housing Prices,” Journal of Money and Finance, 32(4), Korean Money and Finance Association, 2017.12, pp.1-35
Kim, Y. D., “An Empirical Study on the Stabilization Effect of Real Estate Price of Mortgage Loan Regulations,” Real Estate Focus, Vol. 110, Korea Appraisal Board Real Estate Research Institute, 2017.10
Kim, Y. D. and H. Jung, “Analysis of Effectiveness of Crowdfunding,” Journal of Money and Finance, 32(3), Korean Money and Finance Association, 2018.09, pp.129-167
Kim, Y. D. and S. J. Lee, “Risks of KIKO and its Adequacy Issue,” In Theory and Practice of Financial Laws, edited by Korean Banking and Financial Law Association, 2016.11, P&C Media, pp.339-368
Kim, Y. D. et al, “Online Commentary on the Act of the Usage and Protection of Credit Information,” LAWnB Onju, 2015.11
Kim, Y. D., “Building Investment Banking in South Korea: Tasks for Today and Tomorrow,” EAF Policy Debates No.29, East Asia Foundation, 2015.06
Kim, Y. D., “A Study on the Economic Effect of LTV and DTI Regulations,” Real Estate Focus, Vol. 76, Korea Appraisal Board Real Estate Research Institute, 2014.09
Kim, Y. D., “Introduction and Development of Crowdfunding,” Securities Depository 88, Korea Securities Depository, 2014.02
Kim, Y. D., “Structural change of the housing rental market and policy direction of housing finance,” Real Estate Focus, Vol. 68, Korea Appraisal Board Real Estate Research Institute, 2014.01
Kim, Y. D., “Enhancement of Competitiveness on Financial Sectors: Stabilization and Development,” In Discussion on Today and Future of Korea, edited by S. Y. Ryu et al., East Asia Foundation, Seoul, 2012.09, pp.478-498
Kim, Y. D., “Diagnosis of household debt problems and measures to revitalize the covered bond market ,” Real Estate Focus, Vol. 48, Korea Appraisal Board Real Estate Research Institute, 2012.05
Kim, Y. D. and H. J. Lim, “Major Factors of Foreign Investors’ Asymmetric Bond Transaction,” KMFA Winter meeting proceeding, KMFA, 2012.02
Kim Y. D. et al, “Discussion on the Revision of FSCMA: Investment Banks and Adoption of ATS,” KMFA Fall Symposium proceeding, KMFA, 2011.11
Kim, Y. D. and S. W. Park, “Introduction of a Financial Stability Contribution (Bank Levy) & its Policy Implications,” Journal of Banking Law Research 4-1, Korean Banking and Financial Law Association, 2011.05, pp3-24
Kim, Y. D., “Price Effects of Won/Yen Synchronization to Material Industry Export,” Material Industry Trend & Issue, MOSF, 2009.08, pp.35-58
Kim, Y. D. and S. J. Lee, “Risks of KIKO and its Adequacy Issue”, Journal of Banking Law Research 2-1, Korean Banking and Financial Law Association, 2009.05, pp.145-174
Kim, Y. D., “Bond Market Needs Continuous Improvement” & “ Derivatives Market Grows due to Rising Hedging Demand, Products Development,” In Financial Industry at a Crossroads, edited by KIF and Korea Herald, Jimoondang, Seoul, 2008.12 (in English)
[Dissertation]
Kim, Y. D., “Return Distribution and Application,” Ph.D. Dissertation, University of California-San Diego, 2007.6
Kim, Y. D., “Analysis on the Relationship between Stock Market Volatility and Risk Premium,” M.A. Dissertation, Korea University, 2000.12
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