Changyoon Lee is an associate at Shin & Kim whose main areas of practice include financial market investigation and enforcement, credit finance, and finance disputes.

Since joining Shin & Kim, attorney Lee has been engaged in a number of financial institution inspection and sanctions response tasks, as well as consulting and advisory on internal controls. In 2024, he was dispatched to NH Nonghyup Insurance to provide consulting on the establishment of a mid- to long-term master plan for information security, and based on this experience, he provided advice on various financial regulatory issues related to the Credit Information Act, the Electronic Financial Transactions Act, and the Insurance Business Act in addition to the Capital Markets Act and the Financial Consumer Protection Act.

Response to Financial Institution Inspection and Sanctions

• Response of H Bank, N Bank, N Securities to Financial Supervisory Service inspection of Hong Kong H Index ELT·ELS related products.
• Response of H Bank on Financial Supervisory Service inspection and sanctions regarding fund risk rating.
• Response of M Trust to Financial Supervisory Service’s inspection of the appropriateness of the financial incident and related internal controls.
• Advised on response of W Bank to Financial Services Commission to the penalty for failure to submit platform fund securities report.
• Advised on response of S Asset Management to Financial Supervisory Service’s inspection to fund redemption delay.
• Response to Financial Supervisory Service inspections regarding violations of the Credit Information Act by reinsurers.

Consulting on internal control and for financial institutions

• Advised on the revised Corporate Governance Act for domestic financial institutions.
• Advised on the establishment of KPI adequacy inspection standards for domestic banks.
• Multiple legal advice on responsibility structure of domestic financial institutions.
• Consulting on establishment of mid/long-term master plans for information security for domestic insurance companies.
• Credit information law compliance project for a domestic insurance company.

Advised on Financial Institutions’ Business

• Advised on the merger of new technology business investment associations of special purpose acquisition companies.
• Consulting for domestic asset management companies on the execution of consulting contracts, etc.
• Advised on local corporate refinancing for overseas alternative investments by domestic asset management companies.
• Advised on amendments to the Depositor Protection Act for financial companies authorized to perform liquidation.
• Review of bylaws on methods of acquiring shares of domestic banks as collateral.
• Consultation on possible sanctions on TRS transactions by domestic securities companies, etc.
• Consultation on the execution of contractual JVs by domestic securities companies.
• Advised on the launch of mutual aid products by domestic banks.
• Research services for enhancing the competitiveness of the Credit Finance Association’s lease and installment financing business.
• Consultation on the execution of guarantee insurance for security of refund of advance payments by domestic companies.
• Advised on the designation of domestic insurance companies as public institutions.
• Advised on the scope of permitted management/control of subsidiaries following the conversion of domestic insurance companies into holding companies.
• Consultation on the appropriateness of imposition of penalty surcharges on domestic insurance companies for violation of the Credit Information Act.
• Consultation on whether there is a violation of the Insurance Business Act following the launch of a gift tax reporting service by a domestic insurance company.
• Consultation on the sale of insurance subscription consultation products on the mail order brokerage platform.
• Advised on foreign exchange transactions at overseas offices of domestic public institutions.
• Advised on compliance with the Foreign Exchange Transactions Act, etc. of the Korean branch of Company H in China.
• Advised on Foreign Exchange Transactions Act for domestic asset management companies and individuals.
• Registration of investment advisory business by domestic financial companies and related advice.