Ji-Woong Chung

Professor of Finance, Korea University Business School
chung_jiwoong@korea.ac.kr | chung-jiwoong.github.io
145 Anam-ro, Seongbuk-gu, Seoul, 02841, South Korea | Office: +82-2-3290-2825

Employment

Korea University Business School
Professor, Mar 2021 – Present
Finance Area Chair, Sep 2023 – Feb 2026
Associate Professor, Mar 2016 – Feb 2021
Academic Director, Finance MBA Program, Mar 2017 – Dec 2018
Assistant Professor, Sep 2012 – Feb 2016

The Chinese University of Hong Kong
Assistant Professor, Aug 2010 – Aug 2012

Visiting Positions

Hong Kong Polytechnic University, Jul 2020 – Feb 2021
Emory University, Sep 2019 – Dec 2019
University of Sydney, Feb 2017

Education

The Ohio State University – Ph.D. in Finance, 2010
Yonsei University – B.A. in Economics and Applied Statistics, 2003

Research Papers

Published Papers

  • “The Introduction of Governance Regulation on Financial Institutions and Its Effect on Firm Value”, with Yangsoo Lee and Koren Jo, Financial Stability Studies, 2024
  • “Do Prime Brokers Matter in the Search for Informed Hedge Fund Managers?”, with George Aragon and Byoung-Uk Kang, Management Science, 2023
  • “Has the Value of Cash Increased over Time?”, with Boochun Jung and Duri Park, Accounting and Finance, 2020
  • “Capital Structure and Unemployment Risk: Evidence from Korea”, with Jaeouk Kim, Asian Review of Financial Research, 2017
  • “Prime Broker-Level Comovement in Hedge Fund Returns: Information or Contagion?”, with Byoung-Uk Kang, Review of Financial Studies, 2016
  • “Pay for Performance from Future Fund Flows: The Case of Private Equity”, with Berk Sensoy, Lea Stern, and Mike Weisbach, Review of Financial Studies, 2012

Working Papers

  • “Post-Exit Effects of Private Equity Buyouts on Firm Outcomes”, with Songhee Kim and Koren Jo, 2026
  • “Intended Consequences of More Frequent Portfolio Disclosure of Mutual Funds?”, with Koren Jo, Jaeouk Kim, and Sejin Kang, 2024
  • “Heterogeneity and Persistence in Performance of Portfolio Managers”, with Kyeongbae Kim and Jaemin Lee, 2021
  • “Performance Persistence in Private Equity Funds”, 2012
  • “Leveraged Buyouts of Private Companies”, 2011

Book Chapters

  • “Waterfall in Private Equity”, in The Palgrave Encyclopedia of Private Equity, Springer (eds. Benjamin Hammer and Douglas Cumming)
  • “Compensation Structure”, Chapter 20 in Private Equity: Opportunities and Risks, Oxford University Press (eds. Kent Baker, Halil Kiymaz, and Greg Filbeck)

Professional Services

Associate Editor

International Review of Finance (2023 – Present)
Journal of Financial Regulation and Supervision 금융감독연구 (2023 – Present)
Korean Journal of Financial Studies 재무연구 (2017 – 2022)
Financial Stability Studies 금융안정연구 (2015 – 2019)
Korean Journal of Financial Management 재무관리연구 (2015 – 2016)

Ad-hoc Referee

Asian-Pacific Journal of Financial Studies; Asian Review of Financial Research; Borsa Istanbul Review; Financial Review; Financial Stability Studies; Journal of Banking and Finance; Journal of Business Research; Journal of Finance; Journal of Law, Finance, and Accounting; Journal of Money and Finance; Journal of Risk and Insurance; KDI Journal of Economic Policy; KERI Research Reports; Korea Business Review; Korean Journal of Finance; Korean Journal of Financial Management; Korean Journal of Futures and Options; Korean Management Journal; Korean Management Review; Management Science; Pacific-Basin Finance Journal; Research in International Business and Finance; Review of Financial Studies; Seoul Journal of Business; Venture Review; Yonsei Business Review

Program Committee

The Conference on Asia-Pacific Financial Markets (2017 – 2026); Asian Finance Association, Tokyo (2018); Asian Finance Association, Seoul (2017); FMA Asia/Pacific Conference, Taipei (2017); FMA Asia Conference, Seoul (2015)

Others

Director of the Korea Finance Association, 2022 – Present
Executive board member of the Korea-America Finance Association, 2017 – 2020

Research Presentations

  • 2024: Conference on Asia-Pacific Financial Markets; Financial Information Society of Korea; Korea-Japan Finance Workshop; Korean Academic Society of Business Administration
  • 2023: Sungkyunkwan University; Korea University
  • 2021: AAA Annual Meetings; Korean Securities Association; AFA Annual Meetings, Chicago
  • 2020: Hanyang University; Korea University
  • 2019: Fordham University; Georgia Institute of Technology; FMA Annual Meetings, New Orleans; University of South Carolina; 11th Annual Hedge Fund and Private Equity Fund Research Conference, Paris
  • 2018: Yonsei University; Seoul National University; SKK Business School; Hong Kong Polytechnic University; Korea Money & Finance Association Meetings; Korea University; Chinese University of Hong Kong
  • 2017: Hanyang University ERICA; University of New South Wales; University of Sydney
  • 2016: FMA–KAFA Session, Las Vegas; Korea Institute of Finance
  • 2015: SKK Business School; Sungkyunkwan University; Korea University; Hanyang University; KAIST; Seoul National University
  • 2014: Ninth International Conference on Asia-Pacific Financial Markets; EFA Annual Meetings, Lugano; China International Conference in Finance, Chengdu; Asian Finance Association Conference, Bali; UNIST; SKK Graduate School of Business; Korea University
  • 2013: Soongsil University; KAIST; Seoul National University
  • 2012: AAA Annual Meetings, Washington DC
  • 2011: Sixth International Conference on Asia-Pacific Financial Markets; Yonsei University; Hong Kong Polytechnic University; Hong Kong Venture Capital and Private Equity Association (HKVCA); EFA Annual Meetings, Stockholm; Fifth Singapore International Conference on Finance; EFM Symposium – Alternative Investment, York University; University of Hong Kong
  • 2010: 3rd Shanghai Winter Finance Conference; Coller Institute of Private Equity at LBS; Chulalongkorn Accounting and Finance Symposium, Bangkok; KAIST; University of Oxford; ESSEC; University of Zurich; City University of Hong Kong; University of Hong Kong; Chinese University of Hong Kong; Korea University; University of Georgia; University of Exeter
  • 2009: FMA Doctoral Consortium, Reno; Ohio State University

Discussions/Session Chair

  • 2025: Conference on Asia-Pacific Financial Markets
  • 2024: Korean Academic Society of Business Administration
  • 2023: Conference on Asia-Pacific Financial Markets
  • 2021: China Accounting and Finance Review Annual Meeting
  • 2020: Conference on Asia-Pacific Financial Markets; Asia-Pacific Association of Derivatives
  • 2019: FMA Annual Meetings, New Orleans
  • 2018: Thirteenth International Conference on Asia-Pacific Financial Markets; Korea Securities Association Seminar Series
  • 2016: Eleventh International Conference on Asia-Pacific Financial Markets
  • 2015: Joint Conference of Korean Finance Association and National Pension Research Institute; FMA Asian Meeting
  • 2014: Ninth International Conference on Asia-Pacific Financial Markets; Korean Finance Association Meetings
  • 2013: Eighth International Conference on Asia-Pacific Financial Markets; International Conference on Corporate Governance, Indian School of Business; Korean Finance Association Meetings
  • 2012: Seventh International Conference on Asia-Pacific Financial Markets
  • 2011: Sixth International Conference on Asia-Pacific Financial Markets; EFM Symposium – Alternative Investment, York University

Awards & Grants

  • SK Distinguished Research Award, Korea University Business School (2012, 2016, 2022)
  • KU-Future Research Grant (2016, 2017, 2019, 2020)
  • INSUNG Research Award (2018)
  • LINC Plus Research Grant – ETF Portfolio Creation (2017–2018)
  • Asian Review of Financial Research Best Paper Award Runner-Up (2017)
  • Financial News & KAFA Top-Journal Award (2016)
  • General Research Fund, Research Grants Council of Hong Kong (2011/2012, 2012/2013)
  • Korea Investment & Securities Outstanding Paper (2011)
  • Wharton School WRDS Award for Best Empirical Finance Paper (2011)
  • Best Paper Award, Coller Institute of Private Equity at London Business School (2010)

Teaching

Undergraduate: Financial Management, Corporate Finance, Investments, International Financial Management, Management of Financial Institutions, Derivatives
MBA: Alternative Investments, Financial Management, International Financial Management
Ph.D.: Causal Inference in Financial Research, Asset Management, Corporate Finance Theory, Empirical Methods in Finance

Advisees

Guo Lin (Assistant Professor, Southwestern University of Finance and Economics)
Jaeouk Kim (Research Fellow, NH Economic Research Institute)
Hyunji Lee (Ph.D. Student, University of Wisconsin-Milwaukee)
Jaemin Lee (Assistant Professor, Chinese University of Hong Kong Shenzhen)
Jinyoung Kim (Research Fellow, Korea Capital Market Institute)
Jaeyeon Lee (Research Fellow, Korea Capital Market Institute)
Thomas Seunghyun Lee (Independent Researcher, Texas Education Agency)
Sejin Kang (Assistant Professor, San Diego State University