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Ex-Korean Wall Street sheriff joins US PEF's board


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. ....

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