Milestone Invest appoints outside director and in-house counsel to strengthen legal and governance framework

Milestone Invest, a crypto-asset algorithmic trading firm, has newly appointed an outside director and an in-house counsel to reinforce its legal and governance framework ahead of its global expansion.

The company said on the 20th that it recently appointed international attorney Cho Kang-hee as an outside director and attorney So Jeong-geun as in-house counsel. The hires go beyond a simple advisory role, carrying the significance of simultaneously establishing board-led control over global strategy and an always-on internal legal response system.

The crypto-asset market has recently seen transaction volumes surge alongside the rapid spread of algorithmic trading and automated trading services, while complex legal issues—ranging from country-by-country regulation and investment-product structures to exchange policies—are emerging as key variables in corporate growth.

Outside director Cho, a U.S.-qualified attorney, previously served as vice president at global biopharmaceutical company Celltrion and has experience running an owner-managed domestic listed company. He is expected to play a key role at the board level in company-wide decision-making and risk management, including global business strategy, fundraising and responses to overseas regulations.

In-house counsel So is a graduate of the Korean National Police University and an expert who has provided advisory services in finance and investment at law firm Lee & Ko. Drawing on his understanding of investigations and law enforcement, he will oversee hands-on legal risk management, including reviewing the structure of automated trading solutions, building investor-protection systems and responding to domestic regulations.

A Milestone Invest official said, "These appointments are not merely an expansion of legal capabilities, but the completion stage of a governance and risk-management system premised on global business," adding, "By strengthening both the board and the internal legal organization at the same time, we will proactively build a legal framework that meets global standards and dramatically secure investor confidence."

Meanwhile, Milestone Invest plans to accelerate the expansion of its global algorithmic trading platform and strategic fundraising based on this strengthened legal organization.

Kim Seong-hye, Hankyung.com reporter shkimmy@hankyung.com