Mr. Jae Hyang KIM is a senior advisor at D&A LLC. His practice is primarily focused on capital markets, including IPOs, public company disclosure and compliance, delisting matters, corporate governance, and ESG.

Prior to joining the firm, Mr. Kim served at the Korea Exchange (KRX), where he held both managerial and professional roles in the areas of public company disclosure, delisting, IPOs, and KOSDAQ market policy. In particular, he participated in the review and decision-making processes for IPOs and delistings while serving as Secretary of the KOSDAQ Market Committee, the decision-making body for KOSDAQ IPOs and delistings, and as Head of the Listing Management Department, overseeing delisting operations.
Drawing on the extensive expertise and practical experience gained during his tenure at the Korea Exchange, he advises both listed and unlisted companies on a wide range of capital market matters.

Bar Admissions

• Admitted to Bar, Korea (1993)

Education

• Hanyang University (BA in Economics, 1993)
• Seoseok High School (1986)

Significant Accomplishments

• D&A LLC (2026-Present)
• Executive Vice President (Managing Director), Korea Exchange (2023-2025)
• General Manager, Listing Management Department, KOSDAQ Market Division, Korea Exchange (2022)
• General Manager, Market Department, KOSDAQ Market Division; Secretary to the KOSDAQ Market Committee, Korea Exchange (2019-2021)
• General Manager, Listing Promotion Department, KOSDAQ Market Division, Korea Exchange (2018)
• General Manager, Securities Market Marketing Department, KOSPI Market Division, Korea Exchange (2016-2017)
• General Manager, International Affairs Department, Management Support Division, Korea Exchange (2015)
• Head of the Disclosure Team, KOSDAQ Market Division; Head of the Disclosure Policy Team, KOSPI Market Division, Korea Exchange (2011-2015)

Professional Activities and Experience

• Gained an indictment of the real culprit of the 2000 August Yakchon Five-way Intersection murder of a taxi driver and brought about a guilty ruling by the Supreme Court of Korea
• Handled a case on bribery during the 20th National Assembly Elections
• Handled a case on the illegal mobilization of college students during the 19th Presidential Elections
• Handled a case on the disclosure of false information during the 7th Simultaneous Local Elections
• Handled abandoned listing cases and stock price manipulation cases
• Handled a tax corruption case
• Handled various corruption cases arising from accounting fraud
• Handled a case on embezzlement in business of profits
• Handled a case on bidding interference related to graduation albums
• Handled a case of a high school soccer coach accepting bribes from parents for college admissions
• Handled a land fraud team case and a loan fraud team case
• Handled a case on the alteration of private documents of a member of the National Assembly
• Handled various bribery cases of ministers, Ministry of Culture, Sports and Tourism civil servants, City Hall civil servants, Prosecutors’ Office civil servants, District Office civil servants, etc.
• Discovered a hidden case of assault and death
• Handled a case in which a secretary for a member of the National Assembly orchestrated a large fraud with the excuse of the sale of Tower Palace lots
• Handled a case in which the culturing technique for a protease, Arazyme, developed by the Korea Research Institute of Bioscience and Biotechnology was leaked
• Requested an extradition for a cult leader accused of a sexual crime
• Conducted a conditional public sale in order to prosecute illegal fishing offenders who did not pay the extradition claim security in the exclusive economic zone, and to lead to a judgment of ship confiscation and prevent said ships from being provided for illegal fishing hereafter

• Amendment to the South Korean Private Equity Funds in Accordance with the Revised Financial Investment Services and Capital Markets Act (Co-author, Lexology, Law Business Research, 2021)