Kim Young-ki joins EMP Belstar s board of directors
New York-based EMP Belstar, of which about half of the top managers are of Korean origin, has recently hired as a non-executive director a former senior Korean prosecutor who had spearheaded investigations into high-profile embezzlement and fund fraud cases.
In a rare case for the PEF industry, the South Korean operations of EMP Belstar poached Kim Young-ki to review legal factors of its investments as it increasingly embraces environmental, social and governance (ESG) standards.
“From the perspective of (a prosecutor) punishing financial investors, I always regreted looking at private equity firms as speculative forces,” Kim said in an interview on Feb. 19 with Market Insight, the capital news arm of The Korea Economic Daily.