【TheKoreaTimes(Finance)】[INTERVIEW]《Yoon the first Korean lawyer who founded AMC 자산운용사를 대한민국 최초로 설립한 변호사 윤경》

【TheKoreaTimes(Finance)】[INTERVIEW]《Yoon the first Korean lawyer who founded AMC 자산운용사를 대한민국 최초로 설립한 변호사 윤경》

 

☞ (기사내용 사이트)

https://www.koreatimes.co.kr/www/biz/2019/11/175_278873.html

 

헉! 기사 내용이 영어로 씌여 있다.

난 영어 콤플렉스가 있다. 주변에서는 내가 미국 Law School 출신의 학위취득자라는 사실을 잘 모른다.

영어로 쓰여져서 무슨 내용인지 잘 모르겠지만, 내 생각을 너무 잘 전달하고 있다는 강한 느낌이 온다.

 

<Yoon the first Korean lawyer who founded AMC>

 

By Park Jae-hyuk

 

Refusing to stick to the conventional legal services market, lawyer Yoon Kyeong, 59, a former presiding judge of the Seoul Central District Court, has emerged as one of the freshest outliers in the nation's legal circles recently.

 

In July, he became the first Korean lawyer to get approval from the financial authorities to establish an asset management company (AMC).

 

Unlike most other lawyers who have served as legal advisers in the asset management industry, Yoon made a different choice to look for better opportunities in the "new blue ocean."

 

"Working at AMCs as legal advisers is just another conventional role for lawyers," he said during a recent interview with The Korea Times at his office in Seoul.

 

"Amid the intensifying competition in the legal services market, most Korean lawyers still have sought opportunities by serving as patent attorneys, tax accountants and real estate brokers, who have also faced market saturation."

 

Against this backdrop, the lawyer set up a hedge fund management company named AHHA, standing for "Aim high, high above."

 

Based on the former justice's expertise in public auctions, AHHA specializes in alternative investments in real estate that is supposed to be auctioned off at 10 billion won ($8.6 million) to 200 billion won.

 

"The public auction market for properties worth below 5 billion won is a red ocean, because so many auction consultants and small investors want such properties," he said.

 

"However, participants are rarely seen in the public auction market for properties worth over 10 billion won, because large banks and brokerages shun risk-taking."

 

According to Yoon, his company has been able to gain an exclusively competitive edge in this regard, because Yoon himself and other legal experts in AHHA can manage legal risks in assets up for public auctions.

 

The lawyer said his legal expertise will also help AHHA comply with the financial regulator's recent measures to tighten regulations on hedge funds.

 

"Even if the authorities tighten regulations, I think there are still many opportunities to benefit from managing hedge funds, and there will be no moral hazard at AHHA, because it is run by lawyers," he said.

 

Although AHHA is in its early stages, Yoon is setting his eyes on the global market beyond Korea.

 

"Unlike stocks which can be issued unlimitedly in theory, real estate is a limited resource, so global expansion is essential for us," he said, dreaming of AHHA becoming a world-class hedge fund management company such as the Carlyle Group which was also established by a lawyer, David Rubenstein.