Vitae

Yun W. Park, Ph.D.

Professor Emeritus, Finance

Chung-Ang University, Seoul, Korea

PERSONAL DATA

Name: Yun Woo Park

Mailing Address: Chung-Ang University, 84 Heukseok-ro, Dongjak-gu, Seoul 06974, Korea

Tel: 822-820-5540 (staff office); +8210-3760-0688 (cell)

E-mail address: yunwpark@cau.ac.kr; yunwpark@gmail.com

Google Scholar: Yun W. Park

Google Scholar Page: https://scholar.google.com/citations?user=NH28WAYAAAAJ&hl=en

Personal Website: https://sites.google.com/site/yunwpark/

RESEARCH AREA

Housing Finance and Macrofinance; Real Estate Finance and Economics; Asset Pricing and Derivatives; Corporate Finance and Governance

EDUCATION

Ph.D. in Finance, Queen's University

ACADEMIC PUBLICATIONS

Blind Refereed Academic Journal Articles in English

29. Kyung Soon Kim, Yun W. Park, Jin Hwon Lee, Pricing Efficiency of Audit Fees Given Audit Risk: Comparison between Pre- and Post-N ew ISA Periods in the Korean Audit Market, Korean Accounting Review, 49(5), 71-133

28. Ki-Beom Bin and Yun W. Park, 2023, Joint Estimation of Baseline Prepayment Function and Prepayment Factor Model of Residential Mortgages Using the Discrete Time Cox Proportional Hazard Model with Stepwise Baseline, Journal of Money and Finance, 23(3), 1-22

27. Kyung Soon Kim, Jin Hwon Lee, Yu-Jin Kim, and Yun W. Park, 2023, Share Repurchases and Insider Trading Behavior: New Evidence on Managerial Opportunism, Korean Journal of Financial Studies, 52, 379-419

26. Kim, Kyung Soon, Jin Hwon Lee, and Yun W. Park, 2022, Combined Dividend and Earnings Reporting Policies: Signaling or Managerial Opportunism?, Korean Accounting Review, 47, 205-242

25. Kim, Kyung Soon, Jin Hwon Lee and Yun W. Park, 2022, Acquiring Firms’ Earnings Management in Stock-for-Stock Mergers within Korean Business Groups, Managerial Finance, 27-48

24. Kyung Soon Kim and Yun W. Park, 2021, Long-term Performance Following Share Repurchase, Signaling Costs and Accounting Transparency: Korean Evidence, Review of Accounting and Finance, 20, 143-166

23. Kim, Jihun, Seok-Kyun Hur, Yun W. Park, 2020, The Housing Consumption Capital Asset Pricing Model with an Antichresis Rent Market: Nonseparability and Composition Risk, Real Estate Economics, 49, 297-317

22. Park, Hye Hyun, Posang Lee, Yun W. Park, 2020, Information Asymmetry and the Effect of Financial Openness on Firm Growth and Wage in Emerging Markets, International Review of Economics & Finance 69, 901-916

21. Park, Jinwoo, Kengo Shiroshita, Naili Sun, Yun W. Park, 2018, Involuntary Delisting in the Japanese Stock Market, Managerial Finance, 44(9), 1155-1171

20. Kim, Kyung-Soon, Jin Hwon Lee and Yun W. Park, 2018, Voluntary Disclosure of Externally-Sourced Technological Innovation and the Managerial Opportunism: Evidence from the Korean Stock Market, Asia-Pacific Journal of Financial Studies, 47, 81-106

19. Yun W. Park, 2017, An Exploratory Study of Agency Costs of Sponsored REITs in Singapore, Hong Kong and Japan, Journal of Real Estate and Portfolio Management, 23(1), 35-50.

18. Kim, Kyung-Soon, Jinwoo Park and Yun W. Park, 2017, Differential Informativeness of Analyst Reports by Investor Types: Evidence from the Korean Stock Market, Managerial Finance, 43(5), 567-594.

17. Jinwoo Park, Posang Lee and Yun W. Park, 2014, Information Effect of Involuntary Delisting and Informed Trading, Pacific-Basin Finance Journal, 30, 251-269

16. Jinwoo Park, Posang Lee and Yun W. Park, 2014, Embezzlement Disclosure Request and Information Asymmetry between Individual and Institutional Investors, Investment Analysts Journal, 80, 13-24

15. Yun W. Park and Doo Won Bang, 2014, Loss Given Default of Residential Mortgages in a Low LTV Regime: Role of Foreclosure Auction Process and Housing Market Cycles, Journal of Banking and Finance, 39(1), 192-210

14. Kim, Kyung Soon, Yun W. Park and Jinwoo Park, 2013, Analyst Tipping on Neglected Firms: Evidence from the Korean Stock Market, Asia Pacific Journal of Financial Studies, 42(2), 262-286

13. Park, Yun W. and Doo-Won Bang, 2013, Valuation of Brokers over Real Estate Cycles: A Korean Evidence, International Real Estate Review, 16(2), 166-188.

12. Michael LaCour-Little, Yun W. Park, Richard Green, 2012, Parameter Stability and the Valuation of Mortgages and Mortgage-Backed Securities, Real Estate Economics, 40, 1, 23-63

11. Park, Yun W. and Doo-Won Bang, 2012, Direct Commercial Real Estate as an Inflation Hedge: Korean Evidence, Journal of Real Estate Property Management, 18(2), 187-203.

10. Yun W. Park, Doo-Won Bang, Hyeon-Jin Lee, 2011, The Prepayment Decisions of Mortgage Loans and the Housing Market Dynamics: Korean Evidence, Journal of Emerging Markets, Vol. 15(3), 35-47

9. Park, Sae Woon, Doo Woan Bahng and Yun W. Park, 2010, "Price Run-up in Housing Markets, Access to Bank Lending and House Prices in Korea," Journal of Real Estate Finance and Economics, 40, 332-367

8. Park, Yun W. Park, Sae Woon and Doo Woan Bahng, 2010, "Are Broker Quotes Too Optimistic: Korean Evidence," International Real Estate Review, 13, 46-78

7. Park, Yun W., Zekiye Selvili and Moon Song, 2008, “Large Outside Shareholders as Monitors: Evidence from Partial Acquisitions,” International Review of Economics and Finance, 17, 529-545

6. Stohs, Mark Hoven and Yun W. Park, 2007, “Residential Stability or Rational Bubble: Proposition 13 in Southern California,” International Real Estate Review, 10, 26-47.

5. Erickson, John, Yun W. Park., Joe Reising and Han Shin, 2005, “Board Composition and Firm Value under Concentrated Ownership: the Canadian Evidence” Pacific Basin Journal of Finance, 13, 387-410

4. Park, Yun W. and Shin, H., 2004, “Board Composition and Earnings Management in Canada,” Journal of Corporate Finance, 10, 431-457

3. Liu, Hongyu, Yun W. Park, and Siqi Zheng, 2002, “The Interaction between Housing Investment and Economic Growth in China,” International Real Estate Review, 5, 40-60.

2. Park, Yun W., Toni Nelson, and Mark Huson, 2001, “Executive Pay and the Disclosure Environment: Canadian Evidence,” Journal of Financial Research, 24, 347-365.

1. Park, Yun W., Khalil Torabzadeh, and Toni Nelson, 2000, “Controlling Shareholder and Executive Incentive Structure: Canadian Evidence,” Canadian Journal of Administrative Sciences, 17, 245-253

Blind Refereed Academic Journal Articles in Korean

12. Kang Dong-Seok and Yun W. Park, 2019, A Study on the Valuation of Early Termination Payment Option of Toll Road PPP Project in the Context of PPP Restructuring: Application of LSMC Simulation, Journal of Korea Real Estate Analysts Association, 25(4), 55-67

[강동석, 박연우, 2019, 국내 민자사업 재구조화 관련 민자도로사업의 매수청구권 가치평가에 관한 연구: LSMC 시뮬레이션의 적용, 부동산학연구, 25(4), 55-67]

11.

Yun W. Park and Seok-Kyun Hur, 2018, Determinants of Household Debt, Financial Distress of Overindebted Households and Analysis of Credit Risk, Journal of Financial Information, 7, 1-31

[박연우, 허석균, 2018, 가계부채 결정요인과 부채부담취약계층의 재무곤경 및 신용위험 분석, 금융정보연구, 7, 1-31]

10.

Chen, Shasha and Yun W. Park, 2016, Housing Prices and Real Estate Development Loans in China: Evidence from Tier 1 Cities, Journal of Korea Real Estate Analysts Association, 22(4), 93-102

[진사사, 박연우, 2016, 중국 주택가격과 부동산개발대출의 상관관계에 관한 연구: 1선 도시 중심으로, 부동산학연구, 22(4), 93~102]

Choi, Seongil and Yun W. Park, 2015, An Assessment of the Effect of Macro-Prudential Regulations in Korea Based on Mortgage Default Analysis, Journal of Money and Finance, 29(3), 1-46

[최성일, 박연우, 2015, 주택담보대출 부도요인 분석을 통한 LTV 및 DTI 등 거시건전성 규제의 효과에 관한 연구, 금융연구, 29(3), 1-46]

Yun W. Park and Doo Woan Bang, 2012, Effect of Prepayment and Call Limit on the Duration of CMO (Multi-tranche MBS): Full vs. Partial Pass-Through Structure, Korean Journal of Futures and Options, 20 (4), 391-425

[박연우, 방두완, 2012, 조기상환과 콜한도가 CMO(다계층MBS)의 듀레이션에 미치는 영향분석: 부분이체(Partial Pass-Through)구조를 중심으로, 선물연구, 20 (4), 391-425]

Doo Woan Bang and Yun W. Park , 2012, Loss-Given-Default of Residential Mortgage Loans: Korean Evidence, Quarterly Economic Analysis, 18(4), 51-84

[방두완, 박연우, 2012, 국내 주택담보대출 LGD의 기본특성과 결정요인 분석: 아파트시장을 중심으로, 경제분석, 18(4), 51-83]

Yun Woo Park and Doo Won Bang, 2012, An Analysis of the Relationship between House Prices and Bank Lending in Korea, Journal of Money and Finance, 26(1), 1-35

[박연우, 방두완, 2012, 주택가격과 은행대출의 상관관계에 관한 연구, 금융연구, 제 26권 1호, 1-35]

Yun Woo Park and Doo Won Bang, 2011, Estimation of the Credit Risk of Mortgage Loans Using Stress Test and Monte Carlo Simulation, Housing Studies Review, 19(4), 79-109

[박연우, 방두완, 2011, 스트레스 테스트와 Monte Carlo 시뮬레이션을 통한 국내금융기관의 주택담보대출 신용위험분석, 주택연구, 제19권 제4호, 79-109]

Yun Woo Park and Doo Won Bang, 2011, Financial Soundness of the Construction Firms and the Stress Tests of the Construction Industry, Journal of Korea Real Estate Analysts Association, 17(3), 105-119 [박연우, 방두완, 2011, 건설업체의 재무건전성모형 추정과 건설업의 스트레스 테스트, 부동산학연구, 제17권 제3호, 105-119]

Yun W. Park, Doowon Bang, 2011, An Analysis of the Determinants of Fixed Rate Mortgage Loans' Conditional Prepayment Rates: Using Pool Level Time-Series Regression, Housing Studies Review, 19(3), 77-99

[박연우, 방두완, 2011, 고정금리 주택담보대출 조건부 조기상환률의 결정요인 분석: Pool 단위 시계열 회귀분석 중심으로, 주택연구, 제19권 제3호, 77-99]

Yun W. Park, Doowon Bang, 2011, Asymmetrical Smoothing in the Appraisal Based Apartment Price Based Index, Housing Studies Review, 19(2), 23-46

[박연우, 방두완, 2011, 평가기반 아파트가격지수에서의 비대칭 평활화 현상에 관한 연구, 주택연구, 제19권 제2호, 23-46]

Bang, Doowon, Sae Woon Park and Yun W. Park, 2010, An Analysis of Default and Prepayment in Korean Mortgage Markets, Journal of Money and Finance, 24(4), 87-118

[방두완, 박세운, 박연우, 2010, 한국 모기지시장의 채무불이행과 조기상환 분석, 금융연구, 제24권 제4호, 87-118]

Papers Currently under Review

Kyung Soon Kim, Jin Hwon Lee, Yun W. Park, Are Foreign Institutional Investors Long-Term Investors in Korea?: Relationship between Influence Level and Opportunistic Earnings Management

Working Papers

Park, Yun W., Forbearance and Cure of Residential Mortgage Defaults in a Full Recourse Jurisdiction: Korean Experience

Park, Yun W., Hedonistic House Price Index as a Financial Prudential Indicator

Park, Yun W., A Study of House Price Bubble: Evidence from the US Housing Market

Park, Yun W., Asian Commercial Real Estate as Inflation Hedge: A Multi-Country Multi-Asset Class Analysis

Park, Yun W., Cross-Country Funds Flow and the Distortion on Dollar-Won Currency Market: Evidence from Interest Rate Swaps and Cross-Currency Swaps

Yun W. Park, Vipin Agrawal and Su Han Chan, House Price Dynamics in the U.S. Residential Market: Speculation, Superstar Cities and Superstar States.

Academic Membership

American Economic Association (AEA)

American Finance Association (AFA)

American Real Estate and Urban Economics Association (AREUEA)

Financial Management Association (FMA)

Korea America Finance Association (KAFA)

Korea Securities Association

Korea Finance Association

Korea Derivative Securities Association

Korea Financial Management Association

Korea Housing Studies Association

Korea Real Estate Analysts Association

Research Paper Refereeing

Quarterly Review of Economics and Finance

Emerging Markets Finance and Trade

Journal of Corporate Finance

Journal of Real Estate Research

International Review of Economics and Finance

Housing Policy Review Paper

Review of Financial Economics

Journal of Multinational Financial Management

International Real Estate Review

Journal of Money and Finance

Housing Studies Review

Journal of Korea Real Estate Analysts Association

etc.

COURSES TAUGHT

Undergraduate

Investment

Corporate Finance

Derivatives

Real Estate Investment and Finance

MBA

Investment

Corporate Finance

Real Estate Investment and Finance

Graduate (MSc and PhD)

Investment

Derivatives

Capital Markets/Financial Markets

Macrofinance/Housing Finance

Financial Economics

SKILLS

Computer: MATLAB, SAS, STATA, Eviews, ACCCESS

Language: Korean (native), English (fluent), Spanish (fluent)

EXPERIENCE

Universities

Chung-Ang University

Professor Emeritus, September 2024-present

Chung-Ang University

Professor, March 2010-August 2024

California State University-Fullerton

Associate Professor, September 2001-December 2011

University of Lethbridge

Associate Professor, 2001-2002

Assistant Professor, 1998-2001

Saint Mary’s University

Assistant Professor at 1997-1998

Lecturer, 1994-1997

Research Institutes

Korea Capital Market Institute (KCMI)

Senior Research Fellow, Jan. 2009-Feb. 2010

Head of Financial Products, January 2009-February 2010

Research Fellow, Korea Capital Market Institute (KCMI), January 2008-December 2009

Korea Securities Research Institute (KSRI)

Visiting Research Fellow, July 2007-December 2008

Services for Academic Associations

Korea Finance Association

Director, 2013-2015

Executive Director and Chair of the International Committee, January 2012-December 2012

Auditor, January 2011-December 2011

Executive Director and Chair of the International Committee, January 2010-December 2010

Korea Securities Association

Vice President, March 2013-February 2014

Director, 2014-present

Korea Housing Studies Association

Director, January 2012-2015

Services for Academic Journals

Journal of Financial Regulation and Supervision

Associate Editor in Charge of Macrofinance, 2019-Present

Korean Journal of Financial Studies

(Official Journal of Korea Securities Association)

Associate Editor, 2009-2011

Services for Government and Government Agencies and Policy Work

National Housing Fund

Member of the Operating Committee, 2016-2020

Korea Housing Finance Corporation

Member of the Housing Finance Experts Panel, 2010-2016

Korea REITs Association

Member of Research Committee, 2011-2014

Korea Policy Finance Corporation

Member of the Executive Committee of Policy Finance Forum, 2011-2014

Hana Bank Holding Company

Member of Advisory Committee of Hana Research Institute, 2011-2014

Korea Exchange

Regulatory Committee of Retail Bond Market Makers, 2008-2011

Asian Public Real Estate Association (APREA, Singapore)

Academic Member, 2008-Present

Financial Services Commission

Member of the Taskforce for the Amendment of the Asset Based Securities Act, January 2013-June 2013

Member of the Taskforce for the Amendment of the Asset Based Securities Act, 2010

Ministry of Commerce, Federal Government of Canada

Member of the Taskforce for the Amendment of the Corporate Law, 2001-2002

etc.

Services for Selection Committees

Korea Housing and Land Corporation

Member of the Developer Selection Committee, 2016-2020

Seoul Housing Corporation

Member of the Developer Selection Committee, 2021

Ministry of Knowledge Economy

Member of the Selection Committee for Private Equity Funds for Offshore Natural Resources Development, 2009

Municipal Government of Seoul

Member of the Selection Committee for the Financial Engineering Research, 2008, 2009

Social Sciences and Humanities Research Council of Canada, Federal Government of Canada

Member of the Selection Committee, 2001~2004

Services for Evaluation and Assessment Committees

Municipal Government of Seoul

Member of the Evaluation Committee for the Financial Engineering Research, 2008, 2009

National Pension Services

Member of the Evaluation Committee for the Commercial Real Estate Investment Performance Evaluation Program

Korea Housing Finance Corporation

Member of the Evaluation Committee for Financial Services Providers

Public Hearings

Korea Bank Federation

Moderator, Public Hearing for the Improvement of the Covered Bond System, March 11, 2011

Korea Financial Investment Association

Moderator, Public Hearing for the Improvement of the Asset Based Securities System, 2010,

etc.

Round Tables

Real Estate Driven Economic Systemic Risk: Country Cases and Their Policy Implications, December 13-14, 2012, Lotte Hotel, Hosted by Korea Development Institute; Discussant

Asian Bond Market: Current Status and Challenges, December 7, 2012, Lotte Hotel, Jeju Island, Hosted by Ministry of Strategy and Finance; Moderator

Asian Capital Market Development and Integration: Challenges and Opportunities, October 24, 2012, Seoul, Korea, Organizers: Asia Development Bank (ADB), Korea Peterson Institute for International Economics (PIIE), Capital Market Institute (KCMI); Discussant

A New Paradigm in Housing Policy: Korea Development Institute, December 12-13, 2011, Shilla Hotel, Seoul, Korea; Discussant

Strengthening Bond Markets in Asia, September 1, 2011, Korea Capital Market Institute (KCMI) and Asia Development Bank (ADB); Session Moderator

South Asian Domestic Debt Markets, Study Workshop, December 2-5, 2007, Westin Chosun Hotel, Seoul, Korea, Korea Capital Market Institute (KCMI) and Asia Development Bank (ADB); Discussant

etc.

Research Reports for Consulting Assignments

Asia Pacific Real Estate Association

Asian Real Estate as an Inflation Hedge: Multi-Country Multi-Product Market Analysis, Co-PM, January 2011-April 2011

Ministry of Strategy and Finance

Effect on the Construction Industry of Prolonged Downturn of the Real Estate Market: A Stress Test, 2011

Korea House Financing Corporation

Development of Mortgage Pricing, PM, 2008,

etc.

Coordination and Presentation at International Conferences

2012 KFA-TFA Joint Conference in Finance, (Korea Investment Finance Institute, Seoul, Korea, September 14, 2012, Organized by Korea Finance Association and Taiwan Finance Association); Co-Chairperson of the Organizing Committee

Asia Pacific Real Estate Association

Real Estate as Inflation Hedge, Presenter, Property Leaders Forum, Asia: Here and Now, 2011 April 13-15, China World Summit Wing, Beijing

Euromoney Seminar

Repo Market and Tri-party Summit: Current Status and Prospects of the Korean Repo Market, Millennium Hilton, Seoul, 2010; Panel Coordinator

Euromoney Seminar

Prospect of High Yield Bond Market in Asia: Korean High Yield Bond Market, Hong Kong, 2010; Panel Coordinator,

Euromoney Seminar

Retirement Pension Market, Capital Market Act and Asset Management Industry in Korea Seminar, 2009, Seoul; Panel Coordinator

Global Financial Crisis and New Financial Paradigm, KSRI International Conference, 2008, Seoul; Co-PM

New Paradigm of Finance Post-Global Financial Crisis, 2009, Organized by Korea Capital Market Institute; PM

New Paradigm in Real Estate Finance, 2008, Organized by Korea Capital Market Institute; Project Manager

etc.

Books and Monographs

[In Korean]

Park, Yun, Cheol-Ho Park, Hyeong-Uk Kim and Kee-Beom Bin, 2011, New Financial Investment Products: Structure and Application, Korea Capital Market Institute

Park, Yun W., P. Kim, H. Lee, A Study of the Student Loan Based Securitization, Korea Capital Market Institute

Park, Yun W., P. Kim, H. Lee and J. Jung, 2009, Relationship amongst Swap Market, Bond Market and Currency Market, Korea Capital Market Institute

Park, Yun W., P. Kim, H. Lee and J. Jung, A Study of the KHFS MBS Valuation Based on Prepayment Analysis: OAS Approach, Korea Securities Research Institute]

Kim, Pil-Kyu, Yun W. Park and Dong-Chul Kim, 2008, Minimizing the Conflicts of Interest under the Capital Market Consolidation Act of 2007, Korea Securities Research Institute

etc.

[In English]

Lewis Donald, Paul Bergman, and Yun W. Park. Executive Stock Ownership: Does It Improve Shareholder Return? National Centre for Management Research and Development, University of Western Ontario, 1991

Bergman Paul, Donald Lewis, and Yun W. Park, “The Effect of Executive Stock Ownership, Stock Option, and Corporate Control on Shareholder Welfare: 1986-1990.” Working Paper Series No. NC 92-015-B, National Centre for Management Research and Development, University of Western Ontario, 1992

Yun Park, “Executive Pay Practices in Family-Controlled Firms in Canada: Preliminary Study,” in Innovation and Entrepreneurship in Western Canada: From Family Business to Multinationals edited by J.J. Chrisman, J.A.D. Holbrook, and J.H. Chua (University of Calgary Press, Calgary, Canada; 2002).

etc.

Policy Papers

“Housing Market Policy Recommendations for the Lee Administration,” Capital Market Weekly, 2007, Korea Securities Research Institute

“Policy Recommendations on the Introduction of the Chinese Wall,” Capital Market Weekly, 2008, Korea Securities Research Institute

“Recommendations on the Infrastructure Development of the Real Estate Securitization,” Capital Market Weekly, 2008, Korea Securities Research Institute

"Visions and Missions for the Korean Financial Industry after the Global Financial Crisis," Report Commissioned by Financial Services Commission, 2009-2010, Participating Author

Student Loan Backed Security to Expand the High Education Opportunity, Policy Paper

Alternative Asset as the New Growth Engine for the Korean Security Industry, Policy Paper

Financial Market Stabilization Policies and Issues of Major Countries, Housing Finance Monthly, 2010.5 (p. 2~23)

The Structure of the NDF (Non-Deliverable Forward) Currency Markets and its Relationship with Capital Markets, Policy Report

etc.

Policy Seminar Presentations

“Consumer Protection in Housing Finance in Korea,” The 3rd International Forum on Housing Finance (IFHF), Urban Guarantee Corporation, Ministry of Land, Infrastructure, Transport, Housing, 2016.11.12; Presenter

“Toward a Better Risk Management of Real Estate Mortgage Loans,” Korean Appraisers Association, 2013.12.05

[“부동산 담보대출 리스크의 효율적 관리방안,” 한국감정평가협회 후원, 조원진 의원 주최 정책세미나, “가계부채 1천조, 부동산 담보대출 건전성 제고 위한 정책세미나,” 2013.12.05]

“Comments on the Proposed Policy Finance Reform,” National Assembly Research Service, 2013.09.12; Presenter

[“정책금융재정립방향 이대로 좋은가?” 2013년 9월 12일 국회의원 제1 세미나실 국회입법조사처 및 박민식국회의원 주관 세미나]

“Future Directions for Post-GFC Financial Services Industry and Policy Finance in Korea,” Global Forum on Policy Finance, Korea Policy Finance Corporation, 2013.9.11

[“글로벌금융위기 이후 한국 금융산업발전 및 정책금융 방향: 금융시스템 설계관점에서,” 정책금융 글로벌포럼 제4차 세미나 “금융산업 및 창조금융 발전을 위한 바람직한 정책금융방향,” 2013.9.11]

“Future of Housing Loan Guarantee,” International Forum on Housing Finance, Housing and Urban Guarantee Corporation, 2013.11.13-14; Panelist

[2013 국제주택금융, 보증제도 발전방안 세미나, 패널토론자, 2013.11.13-14, 대한주택보증 주최]

“Paradigm Shift in Housing Finance and Stabilization Strategy,” Korea Housing Finance Corporation, 2013.10.23; Panelist

[패러다임변화와 주택금융시장 안정화 방안, 패널토론자, 2013.10.23, 주택금융공사 주최]

"On-lending in the German Policy Finance and the New Direction in Policy Finance,” Global Forum on Policy Finance, Korea Policy Finance Corporation, 2012.11.27; Panelist

[“독일정책금융패러다임변화, 시장친화적온렌딩제도에 대한 이해 정책금융의 새로운 패러다임 모색,” 정책금융글로벌포럼 제3차 세미나, "독일정책금융패러다임변화, 시장친화적온렌딩제도에 대한 이해," 2012.11.27; 토론자]

“Toward a New Paradigm in Housing Policy Post-GFC,” A New Paradigm in Housing Policy, Korea Development Institute, 2011; Panelist

[글로벌금융위기이후 선진적 주택정책 패러다임 모색: 건설 및 개발금융 세션, KDI, December 12-13, 2011; 패널토론자]

“Real Estate as Inflation Hedge,” Property Leaders Forum, Asia: Here and Now, 2011 April 13-15, China World Summit Wing, Beijing, Asia Pacific Real Estate Association

“Future of Housing Finance in Korea,” Symposium on Household Debt and Bank Stability,” Chung-Ang University, 2012.8.13; Presenter

["가계부채와 금융기관의 안정" 심포지움, 주제발표: 국내주택금융의 현황과 발전방향, 2012.8.13, 중앙대학교]

“Financial Regulation Post-G20 Seoul Meeting,” Financial Supervisory Commission 2010.12.7; Panelist

["G20 서울 정상회의 이후 국내 금융규제환경 변화" 심포지움 패널리스트, 2010.12.7, 금융감독원, 한국금융연구원, 자본시장연구원, 보험연구원 공동주최]

“Stress Testing of Residential Mortgage Loans and Loan Loss Analysis,’ Bank of Korea, 2010.12.3; Presenter

[스트레스 테스트를 통한 주택담보대출 손실위험 분석, 한국은행 금융안정국 세미나 발표, 2010.12.3]

“An Overview of the Korean Financial System,” Indonesian Delegates, Ministry of Finance and Strategy, 2009.10.06; Presenter

“A New Architecture of the Korean Financial System,” SNU Institute for Research in Finance and Economics, Seoul National University, 2009.09.29; Presenter

[“한국금융시스템 설계방향,” 서울대학교 금융경제연구원, 2009.09.29; 발표자]

“Rebuilding the Korean System Architecture,” International Conference, Korea Capital Market Institute, 2009.7

[“Rebuilding the Korean System Architecture,” 자본시장연구원 창립기념국제회의, 2009.7; 발표자)

국내스왑시장의 발전방안-IRS와 CRS를 중심으로 (발표자, 파생상품연구회, 2009.7)

“Funding the Higher Education Using Capital Markets,” Symposium on the Current Status of Korean Economy and Capital Markets, Korea Capital Market Institute, 2009

[한국경제의 현안과 자본시장을 통한 해법, 주제발표: 고등교육 기회확대와 자본시장을 통한 해법, 자본시장연구원 주최, 2009)

“The Future of the MBS and Covered Bond Market in Korea Post GFC,” Symposium on the Paradigm Shift in Real Estate Finance Post-GFC, Korea Securities Research Institute, 2008.

[금융위기로 인한 부동산 금융의 패러다임 변화, 주제발표: 금융위기 이후의 한국 MBS 및 커버드 본드 시장 전망, 증권연구원 주최, 2008]

“Mortgage Mispricing Risk,” Fannie Mae, Washington D.C. October 30, 2008

“Current Status of Bond Markets in Sri Lanka,” Symposium on Bond Markets in South Asian Countries, World Bank, 2007

[남아시아 채권시장 포럼, 토론자: 스리랑카 채권시장 현황, World Bank와 증권연구원 공동주최, 2007]

“Expanding M&A Defense Mechanisms,” Seminar Series, M&A Research Group, 2008

[“M&A 방어수단 확대도입”, M&A연구회 정규 세미나, 2008; 발표자]

, etc.

Columns, Opinion Articles

A Commentary on the G20 Summit Conference and the Asian Bond Market Development Initiative (ABMI), in "Korea s Response to the New Order of the Global Financial Markets", KCMI Opinion Series 04, October 2010

Policy Directions for the Modernization of the Chinese Real Estate Finance, Chinese Financial Market Focus, July 2009

An Examination of the Structured Finance in Korea and its Implications for the Regulation of the Structured Finance Markets, Capital Market Perspectives, 2009

[구조화채권시장의 현황과 감독방향, Capital Market Perspectives, 2009, Vol.1, No.1, 17~30]

A Commentary on the Relationship between the Banking Sector and the Capital Markets in the Aftermath of the Global Financial Crisis, Capital Market Weekly

[금융위기이후 은행과 자본시장과의 관계설정에 관한 소고, Capital Market Weekly 2009-42, 2009. 10. 20 ~ 10. 26]

A Comparison between the Indirect Real Estate Investment Environment of Korea and the US and its Policy Implications

[부동산집합투자기구의 한미간비교와 국내 부동산집합투자기구에 대한 시사점), Capital Market Weekly 2009-22, 2009. 06. 02 ~ 06. 08]

Improving Student Loans Provision Using Capital Markets, Capital Market Weekly, 2009-7

[자본시장을 통한 학자금대출제도 개선방안, 자본시장 Weekly 2009-7호, 2009. 02. 17~02. 23]

Improving MBS and CB Markets in Korea, Capital Market Weekly, 2008

[한국 MBS 및 CB시장의 발전방안, 자본시장 Weekly 2008-41호, 2008. 10. 14~10. 20]

Housing Market Policy Suggestions for the Incoming Government, Capital Market Weekly, 2008

[차기정부 주택시장 정책에 거는 기대,” 자본시장 Weekly, 2008, 한국증권연구원]

Laying the Groundwork for Real Estate Securitization, Capital Market Weekly, 2008

[부동산 증권화 활성화를 위한 인프라 구축,” 자본시장 Weekly, 2008, 한국증권연구원]

A Few Thoughts on the Introduction of the Chinese Wall, Capital Market Weekly, 2008

[정보차단벽제도 도입에 관한 소고,” 자본시장 Weekly, 2008, 한국증권연구원]

etc.

Articles in Professional and Trade Publications

Asian Commercial Real Estate as Inflation Hedge: A Multi-Country Multi-Asset Class Analysis, Asia Pacific Real Estate Association, 2011

Understanding the ETF Market and Investment Strategy, Life Insurance Monthly, 2009.10

[ETF시장의 이해와 활용전략, Life Insurance Monthly, 2009.10]

Understanding the ELS and an Overview of the ELS Market, Life Insurance Monthly, 2009.9

[ELS의 이해와 ELS시장현황, Life Insurance Monthly, 2009.9]

Understanding the Financial Products Based on Foreign Currency, Life Insurance Monthly, 2009.8

[통화상품의 이해, Life Insurance Monthly, 2009.8]

Understanding the Interest Rate Swap and the Foreign Currency Swap, Life Insurance Monthly, 2009.7

[금리·통화 스왑시장의 이해, Life Insurance Monthly, 2009.7]

Real Estate Collective Investment Vehicles, Life Insurance Monthly, 2009.6

[부동산집합투자기구, Life Insurance Monthly, 2009.6]

Understanding the Interest Rate Linked Securitization, Life Insurance Monthly, 2009.4

[금리연계구조화채권의 이해, Life Insurance Monthly, 2009.4]

Securitization of Residential Mortgage Loans, Life Insurance Monthly, 2009.2

[주택담보대출 유동화증권, Life Insurance Monthly, 2009.2]

etc.

OTHER SCHOLARLY ACTIVITIES

Expert Panel

Conference on Development of Bond Markets in South Asia organized by World Bank, 2008, Seoul

etc.

Research Grant Refereeing

Social Sciences and Humanities Research Council of Canada for many years.

etc.

Executive Development Programs

KOICA (Korea International Development Agency)

Executive Development Program for Laos regulators and executives

Executive Development Program for Vietnamese regulators and executives

Executive Development Program for South East Asian regulators and executives

CSUF

Executive Development Program for Everbright Group of Financial Companies of China,

Executive Development Program on Venture Capital for Chinese Government Officers

etc.

Consulting Assignments

Korea Development Institute

Financial Issues of Private-Public Partnership, Coauthor, Coauthor, 2018.09.17

Housing and Urban Guarantee Corporation

The Structure of the Pre-selling Housing Market and Consumer Welfare, Coauthor, 2016.12.12

National Economic Advisory Council

Household Debt and Policy Response, PM, 2015.12

Asia Pacific Real Estate Association

Self-Managed REITs vs. Externally Managed REITs, PM, January 2011

Asia Pacific Real Estate Association

Asian Real Estate as an Inflation Hedge: Multi-Country Multi-Product Market Analysis, Co-PM, January 2011-April 2011

Ministry of Strategy and Finance

Effect on the Construction Industry of Prolonged Downturn of the Real Estate Market: A Stress Test, 2011

Korea House Financing Corporation

Recalibration of the Pricing Model of Reverse Mortgages Offered by Korea Housing Finance Corporation, 2012

Korea House Financing Corporation

Analysis of Prepayment Penalties and Mortgage Servicing Fees of Residential Mortgage Loans Offered by Korea Housing Finance Corporation, PM, 2012

Korea House Financing Corporation

Modernization of Housing Finance in Korea: Introduction of Mortgage Banks, PM, 2010

Korea House Financing Corporation

Calibration of the Pricing Model of Mortgages and Mortgage Backed Securities, 2009

Korea House Financing Corporation

Development of Mortgage Pricing, PM, 2008,

etc.

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