Jaein Lee

  • Partner
  • T. +82-2-3404-6537
  • F. +82-2-3404-0806
  • E. jaein.lee@bkl.co.kr

Overview

Jaein Lee's main practice focuses on financial regulation and authorizations of financial institutions, response to the investigation and inspection by financial institutions, M&A of financial institutions and FinTech. As a former officer of the Department of Fair Market and the Department of Bank of Financial Services Commission taking charge of sanctions on the violation of financial regulation and amendment of legislations, Ms. Lee has expertise in policies and legal practice regarding financial regulation. 

Since joining Bae, Kim & Lee LLC, Ms. Lee took charge of establishment project of financial institutions and M&A including the merger between Korea Exchange Bank and Hana Bank, the approval of change of major shareholder of Tongyang Securities (Yuanta Securities), the approval of change of major shareholder of Hyundai Life (Fubon Group), the establishment of Kakao Bank and the change of major shareholder into Kakao. She actively serves as a government consultant such as examiner of statute interpretation of Financial Services Commission.

Representative Experience

2013-Present Bae, Kim & Lee LLC
2012 Financial Disputes Team, Financial Services Bureau, Financial Services Commission
2012 Banking Division, Financial Services Bureau, Financial Services Commission
2009-2011 Market Investigation Division, Capital Markets Bureau, Financial Services Commission
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2022-Present Integrity Citizen Auditor, Financial Services Commission
2022-Present Member, Self-Regulation Committee, Financial Supervisory Service
2021-Present Member, Disciplinary Committee, Financial Services Commission
2021-Present Council Member of Statutory Interpretation, Financial Services Commission
2020-Present Legal Advisor, Financial Services Commission
2017-Present Innovative and Technology Advisory Committee, Korea Securities Depository
2017 Advisor, TF on block chain, Korea Federation of Banks
2016 Advisor, TF on the amendment of the Banking Act, Financial Services Commission
2016 Member, Information Disclosure Deliberative Committee, Financial Services Commission
2015-2016 Advisor, TF on regulations on governance structure, Financial Services Commission
2015 Advisor, TF on improvement plan for monetary sanctions in the field of finance, Financial Services Commission

Representative Matters

Advised Hana Bank on the inspections and sanctions regarding its mis-selling of private funds such as DLFs, and Lime, Discovery, and Healthcare private equity funds
Advised commercial banks, internet-only banks, securities firms, and insurance companies, including Hana Bank, Hana Financial Group, Meritz Fire & Marine Insurance, and Toss Bank, on their implementation of responsibility maps
Advised on the merger between Hanwha General Insurance and Carrot General Insurance (ongoing)
Advised Daegu Bank on its acquisition of commercial bank license
Advised Kakao Bank on its establishment, licenses and permits, and change of its largest shareholder
Response to Regulatory Inspections
Advised Hana Bank on the inspections and sanctions regarding its mis-selling of private funds such as DLFs, and Lime, Discovery, and Healthcare private equity funds
Advised Hana Bank on the dispute resolution proceedings involving private funds such as the Healthcare fund
Advised Woori Bank on the inspections and sanctions regarding its mis-selling of Lime private equity funds
Advised NH Investment & Securities on the inspections and sanctions regarding its mis-selling of Optimus private equity funds
Advised IM Bank (former Daegu Bank) on the inspections and sanctions regarding their security account openings
Advised savings banks, such as SBI and HB, on the inspections and sanctions regarding their window-dressing loans
Advised virtual asset service providers, such as Coinone, on the inspections and sanctions
Responsibility Maps
Advised commercial banks, internet-only banks, securities firms, and insurance companies, including Hana Bank, Hana Financial Group, Meritz Fire & Marine Insurance, and Toss Bank, on their implementation of responsibility maps
Establishment of Financial Institutions and M&A, License and Permits, etc.
Advised on the merger between Hanwha General Insurance and Carrot General Insurance (ongoing)
Advised Daegu Bank on its acquisition of commercial bank license
Advised Shinhan Life Insurance on its merger with Orange Life Insurance
Advised Kakao Bank on its establishment, licenses and permits, and change of its largest shareholder
Advised Fubon Group on its acquisition of shares in Hyundai Life Insurance and related capital increase
Advised JKL Partners on the acquisition of Lotte Insurance
Advised Yuanta Group on its acquisition of (former) Tongyang Securities
Advised UOB Securities on its establishment and license for derivatives brokerage
Advised on the merger between Korea Exchange Bank and Hana Bank
Advised on the merger between Korea Exchange Card and Hana SK Card
Advised on the merger between Hana Futures and Hana Financial Investment
Advised Korea Exchange Bank on its spin-off of its credit card business unit
Digital Finance and Virtual Assets
Advised Hana Financial Group on its establishment of an Open API system
Advised on multiple initial coin offerings (ICOs)
Advised on MyData license acquisition, the Electronic Financial Transactions Act, and digital finance issues including matters related to virtual assets and blockchain

Education

2008 Judicial Research and Training Institute, Supreme Court of Korea
2001 Seoul National University (B.A.)

Selected Activities

Publications
Issues on Major Shareholder Eligibility Assessment in Context of Internet-only Bank Act: Kakabo Bank Case, BFL No. 98 (Co-Author, Seoul National University Center for Financial Law, 2019)
Financial Law-related Challenges Facing Virtual Currencies, BFL No. 85, pp. 31-44 (Co-Author, Seoul National University Center for Financial Law, 2017)
The Digital Way (Co-Author, IFLR, 2017)
Awards
The Legal 500 - Leading Lawyer (2023-2025)

Qualifications

2008 Korea

Awards and Recognition

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Awards and Recognition