| Choi, Jae Yong International Finance Ph.D. in Finance, Dongguk University Courses taught: Asset Management: Theory and Practice E-mail: jyc22@naver.com |
Profile Jae Yong Choi is an Adjunct Professor at GSIS and a professor in the Educational Operations Team at the Bank of Korea. He received his B.A. in Economics from Seoul National University, an MBA from Georgetown University, and a Ph.D. in Finance from Dongguk University. He has held numerous senior positions at
the Bank of Korea, including Senior Research Fellow and leadership roles in
reserve management, risk management, and global investment. He also served as
Head of Foreign Reserve Investment at the Bank of Korea’s New York office and
participated in policy advisory roles through secondments to the Korean
government and the G20 Seoul Summit Task Force. His research interests include corporate credit markets, financial cycles, and investment strategies. He has published widely in academic journals such as Finance Research Letters and Research in International Business and Finance, and has presented his work at international conferences hosted by institutions including the World Bank and the BIS. Education - B.A. in Economics, Seoul National University,
Seoul, Korea: 1989.2 - MBA, McDonough School of Business, Georgetown
University, D.C., U.S.A: 2005.5
- Ph.D. in Finance, Dongguk University, Seoul,
Korea: 2020.8 Courses Taught - “Managerial Economics”, Dongguk University MBA,
Seoul, Korea: 2024.3~Present. - “Financial Management”, “Financial Investment”,
Dongguk University MBA, Seoul, Korea: 2024.3~Present. - “International Business Management”, “Consumer Behavior”, Kangwon National University MBA, Chuncheon, Korea: 2024.9~Present.
- “Financial Market”, “Economic Data
Visualization”, Incheon National University, Incheon, Korea: 2025.9~Presebt Academic & Professional Post Held Bank
of Korea HQ - Professor, Educational Operations Team:
2025.8~Present. - Senior Research Fellow, Human Resource Management
Dept.: 2023.8-2025.7 - Deputy Director, Reserve Management Group:
2021.1-2021.7 - Head of Reserve Management Strategy Division:
2020.8-2021.1 - Head of Reserve Management Support Division:
2019.8-2020.7 - Head of External Fund Management Team:
2018.3-2019.7 - Head of Risk Management, Reserve Management
Group: 2013.2-2015.2 - Head of Global Rates Investment, Reserve
Investment Division: 2011.7-2013.1 - Senior Portfolio Manager, Reserve Management
Strategy: 2008.4-09.8, 06.9-07.2 - Portfolio Manager, Reserve Investment Division:
2000.5-03.6, 2005.6-06.8 - Open Market Operation Manager, Financial Markets
Department: 1998.9 – 2000.4 - Economist, Research Department: 1993.2-1998.8 Bank of Korea Gangwon Branch - Governor of Bank of Korea Gangwon Branch:
2021.8-2023.7 Bank
of Korea New York - Head of Foreign Reserve Investment, New York
Desk: 2015.3-2018.2 Korean
Government(Bank of Korea secondment): 2007.2 – 2008.2 - Policy advisor on Financial Regulatory Reform,
Office for Government Policy Coordination. G20
Seoul Summit 2010 Task Force(Bank of Korea secondment): 2009.9 – 2011.2 - Policy advisor on the agenda of ‘International Financial Institutions Reform and Global Financial Safety Net’. Publications - Research in International Business and Finance,
‘Asymmetry in the counter-cyclicality of corporate credit spreads, across the
business cycle’,Vol.81,103164,Jan.2026. - Finance Research Letters, “A better criterion for
forced selling in bond markets: Credit ratings versus credit spreads”
(Vol.37,Nov.2020,101437). - Published a Book on Economics, “My Own Private
Economics”(ISBN 979-11-94966-28-9, 2026.1) - Presented as a Session Speaker at World Bank/BIS
Eighth Oct.27-28, 2022, Ottawa, Canada & Ninth(Sep.12-13, 2024, Singapore)
Public Investors’ Conference - Journal of International Business, “A Study on
the Early Warning Effect of a Market Indicator for the Credit Risk Changes of
Global Corporate Bond Portfolio” (Vol.34 No.3 Aug. 2023, Korean Academy of
International Business) - Asia-Pacific Journal of Business, “A Study on the
Impact of Business Cycle on Corporate Credit Spreads” (Vol.14 No.3 Sep. 2023, Institute
of Management and Economy Research, Kangwon National University) - International Business Review, “Liquidity
Factor’s Impact on Corporate Credit Spreads by the Phase of Business
Cycle”(Vol.28 No.1, March 2024, Korean Academy of International Business
Management) - Published a Book on Finance, “INVESTMENT
TIPs”(ISBN 979-11-89254-83-4, 2023.2) - Journal of Money & Finance, “Rating versus
Market-based Forced Sell Effect in the Fixed Income Portfolio” (Vol.30 No.4
2016, Korea Institute of Finance) - Journal of Money & Finance, “Foreign
Reserves’ Impacts on Monetary Policy: The Case of Korea” Vol.27 No.4 2013,
Korea Institute of Finance) - Presented as a Session(2) Speaker at World
Bank/BIS Fourth Public Investors’ Conference, Dec.3-4, 2012, Washington D.C.,
US - Monthly Bulletin of the Bank of Korea, “How to
use the term spread as an information variable for Monetary Policy: the Case of
Korea”(1999) | |
