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Ryu, Hyeukysun Invited Professor 사진
Ryu, Hyeukysun Invited Professor
Contact Information
  • Office.S382
  • Tel.82-2-958-3449
  • E-mail.hsryu11@kaist.ac.kr
Research Areas Financial Engineering, Derivatives, Securities Law and Regulation
Overview
Ph.D. in Finance & Ph.D. in Law

Spent the entire career focusing on combining the two disparate fields of law and finance by seeking synergies and arbitraging inconsistencies that arise between the two
Director of Korea Securities Association, Korean Finance Association, Korea Securities Law Association, Korea Financial Law Association, Korean Banking and Financial Law Association, and Tax Law Association
Contributing author for the reference book of "Financial Investment Services and Capital Market Act" (revised edition published by Korea Securities Law Association in 2015)
Appears in ‘Marquis Who’s Who in the World’ publication every year from 2010 to 2019
Biography

Education

    ㆍ Sungkyunkwan University (Seoul, Korea)
    Ph.D. in Business Law
    - Thesis: A Study on the Regulation of Derivatives Transactions

    ㆍ Sungkyunkwan University (Seoul, Korea)
    Ph.D. in Finance
    - Thesis: The Expiration Day Effects of KOSPI 200 Futures and Options

    ㆍ Korea Advanced Institute of Science and Technology (KAIST)
    Completion of Doctoral Course in Financial Engineering

    ㆍ Korea Advanced Institute of Science and Technology (KAIST)
    Master of Management Science (MS)

    ㆍ Seoul National University
    Bachelor of Business Administration (BA)

Career

    ㆍ University of Utah S.J. Quinney College of Law (Utah, U.S.) (2018, 2019)
    Visiting Research Scholar: Researching the legal systems of developed countries (US, UK, Japan etc.) related to financial markets.

    ㆍ Mirae Asset Daewoo (Seoul, Korea) (2007~2019)
    Head of Global Business Division (2017)
    - Overseeing the international businesses relating to the merger between Daewoo Securities and Mirae Asset Securities, resulting in the largest investment bank in Korea
    - Consolidating and building out newly formed entity’s international expansion covering 10 countries and 14 offices
    - Evaluating business strategies for each country and jurisdiction encompassing equity brokerage, investment banking, wealth management, and alternative investments
    Head of Investment Solutions Division (2015, 2016)
    - Formulating and strategizing distribution of investment products geared for domestic institutions and retail investors
    - Managing and supervising pension services business, financial products, asset allocation, and group research center
    Chief Financial Officer and Chief Operating Officer (2014)
    - Managing the entire operations, including business strategy, human resources (HR), financials administrative support, and overall administrative support
    Chief Financial Officer (2013)
    - Formulating and supervising overall business strategy
    - Financial management and accounting
    Trading Division, Managing Director (2007~2012)
    - Managing proprietary trading desk for equities, derivatives, and OTC investments

    ㆍKorea Investment Securities (Seoul, Korea)(2004~2007)
    Head of Proprietary Trading Department
    - Managing trading desk for equities, fixed income securities, derivatives, and OTC investments
    - Researching and executing numerous hedging and trading strategies

    ㆍKiwoom Securities (Seoul, Korea) (2000~2007)
    Head of Financial Engineering and Product Development
    - Product research and development on financial products focusing on derivatives
    - Managing trading desk for equities, fixed income securities and derivatives

Industry Advisory Activities

    MiraeAssetDawoo Advisor
    Hancom MDS Director(outside)
Publications & Research

Publications (patents, etc.)

    ㆍ"A study on the Regulative Concept of Professional Investor" (2019, The Korean Journal of Banking and Financial Law)
    : A reformation on professional investor system in current FISCMA needs to be considered in order for venture capital to be invested in innovative firms efficiently, and at the same time, in order to protect investors from informational asymmetry in investment recommendation stage.
    ㆍ"Can the Indicative Price System Mitigate Expiration Day Effects?" (2013, Journal of Futures Markets)
    : Practical proposals for indicative pricing system of derivatives at expiry and ways to improve its effectiveness. (Published on SSCI in English)
    ㆍ"A study on designing liquidated financial investment instruments through utilizing the amended Trust Act" (2013, The Korean Journal of Securities Law)
    : Examined ways to revise an existing "Financial Investment Services and Capital Market Act" in order to effectively implement a real market practice of the amended Korean Trust Act
    ㆍ"A Study on the Legal Concept of Derivatives" (2011, The Korean Journal of Securities Law)
    : Analyzed legal flaws of "Financial Investment Services and Capital Market Act" regarding derivatives concepts and proposals for changes in legislations (later fully implemented into an amended Act)
    ㆍ"Some Thoughts on Corporate Director’s Duties in Doing Derivatives Transactions" (2011, The Korean Journal of Securities Law)
    ㆍ"An Empirical Study on the Volatility Forecasts with Regime-Switching GARCH Model in the Korean Stock Market" (2011, The Korean Journal of Financial Studies)
    ㆍ"A Study on the Taxation of Derivatives" (2010, The Korean Journal of Securities Law)
    ㆍ"A Study on the Financial Services Modernization Act of the U.S. and its Implications" (2010, The Korean Journal of Banking and Financial Law)
    ㆍ"A Study on the Definition of Security under the Financial Instruments and Exchange Law of Japan: Focused on the Comparative Study on the Definition of Security under FIEL and CMFISA" (2009, SungKyunKwan Law Review)
    ㆍ"Expiration-Day Effects of the KOSPI 200 Futures and Options" (2006, The Korean Journal of Financial Studies)
    ㆍ"Intraday Stock Market Volatility around Expiration Days in Korea" (2005, Korean Corporation Management Review)
    ㆍ"Stochastic Interest Rate and Implicit Volatility: An Empirical Analysis Using Scores" (1993, Asian Review of Financial Research)

Research Areas

    Financial Markets
    Derivatives
    Securities Law and Regulation
Contact : Joo, Sunhee ( shjoo2006@business.kaist.ac.kr )

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