First of all, I'm Korean, and we don't have a middle name.
Except for a very few odd cases, our names are composed of one letter surname, and two letters first name.
For example, former UN secretary general was Korean, and his name is Ban (family name), and Ki-Moon (first name)
I don't know how he presented himself in initialized form, but would it be possible for me to present myself in documents (such as in academic references) like this:
or would that kind of initials only apply to middle names, and would therefore mislead people to thinking that I have a middle name?