- ■ Introduction
- Professor Doyeong Jung, currently an Assistant Professor in the Department of Economics at Hanyang University’s ERICA campus, graduated from Hanyang University majoring in Economics. He obtained his M.A. in Economics from the same university, and later earned a Ph.D. from Kyunghee University with a dissertation on pension fund asset management. In practice, he has worked in various domestic and global financial firms in areas such as product development and asset management at banks, insurance companies, and asset management firms.
- ■ Education
- 1992, Hanyang University, B.A. in Economics
- 1994, Hanyang University, M.A. in Economics
- 2015, Kyunghee University, Ph.D. in Business Administration
- ■ Key Career Positions
- 2023–Present: Assistant Professor, Department of Economics, College of Business & Economics, Hanyang University ERICA
- 2018–2023: Lecturer, Graduate School, Kyunghee University
- 2016–2023: Product Specialist, Kyobo AXA Asset Management
- 2017–2019: Member, Asset Management Committee, Korea Institute of Nuclear Safety
- 2015–2019: Adjunct Professor, KDB Financial University
- 2010–2016: Insurance Asset Management, KDB Life Insurance
- 2006–2010: Client Portfolio Manager, Macquarie Investment Trust
- 2000–2006: Business Planning & Analysis, Citibank Korea
- ■ Research Interests
- Pension Economics, Behavioral Economics, Lifecycle Models, Liability Driven Investment, Goal-Based Investment, Self-Annuitization
- ■ Selected Publications
- “Surplus Optimization in Defined Benefit Pensions Using the Regime-Switching Model: Occupational Pension Plans in South Korea,” Asia-Pacific Journal of Financial Studies, Vol. 51, No. 5, Oct. 2022 (with Hyeonjong Jung, Dong-Hwa Lee)
- “Gender Gap in Pension Fund Size: Focusing on Small Business DC Plan Participants,” Women’s Economic Studies Vol. 18, No. 3, Oct. 2021 (with Junbeom Park, Kyunghee Lee)
- “Empirical Analysis of ALM-Based Performance Evaluation Metrics: Focusing on Defined Benefit Pension Plans,” The Journal of the Korea Securities Association, Vol. 49 No. 6, Dec. 2020 (with Kyungjin Choi, Donggeon Shin)
- “Lifecycle Investment Strategies for Defined Contribution Pensions (DC),” Journal of the Korean Data Analysis Society, Vol. 21, Dec. 2019 (with Minjoo Young, Juho Seong)
- “Diagnosis of Investment Behaviors of Occupational Defined Benefit (DB) Funds in Korea Using a Liability Driven Investment (LDI) Approach,” Journal of Financial Stability, Vol. 19, No. 1, June 2018 (with J. H. Sung)
- “Goal-based Investment Strategy in DC Pension Using Surplus Optimization,” Journal of Insurance, Vol. 113, Jan. 2018 (with Juho Seong, Yongtae Kim)
- “Improving the Minimum Funding Requirement for DB Pensions,” Risk Management Studies, Vol. 28 No. 1, Mar. 2017 (with Sanghyun Bae, Juho Seong)
- “Shortfall Probability Analysis of Self-Annuitization by Asset Allocation Strategy,” Pension Research, Vol. 6 No. 2, Dec. 2016 (with Donghwa Lee)
- “LDI Strategy for DC Pension Participants,” Pension Research, Vol. 6 No. 1, June 2016 (with Sanghyun Bae, Yunho Choi)
- “Liability-Based Investment Strategy for DB Pensions to Protect Beneficiaries,” Journal of Insurance, Vol. 106, Apr. 2016 (with Sanghyun Bae, Juho Seong)
- “LDI Strategy for DB Pensions Using Leverage,” Journal of Insurance & Finance Research, Vol. 26 No. 2, May 2015 (with Juho Seong)
- “LDI Strategy for DB Pensions Using Risk Parity,” Journal of Insurance, Vol. 101, Jan. 2015 (with Juho Seong)
- ■ Professional Activities
- Member, Risk Management Society
- Member, Korean Insurance Association
- Member, Pension Society of Korea
- Member, Korean Securities Association
- ■ Awards
- Best Paper Award, Korean Insurance Association, 2019
- Commendation from the Chairperson of the Financial Services Commission, 2013