Yoon & Yang is opening an office in Vietnam, in the heart of Ho Chi Minh City’s central business district.
The firm has said that the new office signals a move to strengthen its cross-border practice and to reinforce its efforts to serve clients’ growing needs across the whole of the South-East Asian region by providing on-the-ground service.
Scheduled to be opened on November 29, 2016, it will be the firm’s second overseas office, after it first ventured overseas with a presence in Tashkent, Uzbekistan, in 2008.
The new office will be headed by Zunu Lee, the firm’s South-East Asian practice head, who will lead a team comprising one other partner, HyongKun Kim, and local Vietnamese lawyers and professionals.
“Vietnam appears to be the most appropriate hub for the South-East Asian practice as the country has shown a great potential for economic growth and yet widely opened its legal market,” said Lee, who added that the new office will enable the firm to extend its existing involvement in the region. “Since the South-East Asian legal market is a highly competitive market with a variety of law firms from all over the world, the new Ho Chi Minh City office is not purported to be a standalone regional office.”
Lee, who is admitted in Korea and New York, has 16 years of experience practising in areas such as cross-border M&A and investments, financial transactions and regulations, and international arbitrations, representing a variety of domestic and foreign clients.
Kim, who joined the firm as a partner in August 2016, has experience in South-East Asia, including Laos, Cambodia and Vietnam, where he provided on-the-ground support and advice for Korean and foreign companies on a full range of legal matters from cross-border transactions to regional operations.
The team also includes Hyun Woo Dang, who joined as an expert adviser in September. He is a Vietnamese-qualified lawyer who previously worked at the Hanoi offices of Jipyong and Logos Law.
Yoon & Yang’s existing South-East Asian practice has advised clients on various legal issues and challenges related to M&A, construction and real estate, banking and finance, natural resources exploitation and dispute resolution.
Related Articles by Firm
The thing about … Seung Soon Lim
Recently in Seoul, Asian-mena Counsel’s Patrick Dransfield photographed Seung Soon Lim, managing partner of Yoon & Yang, and also asked him a series of questions on behalf of the In-House Community...
Recent examples of consent decrees in Korea and their implications
Despite an animated exchange of opinions regarding consent decrees since their introduction in Korea in 2011, expect the system to be used more actively in the future as companies have begun to view it as a viable way to resolve free-trade ...
Regulation of personal information in new fields
Focussing on topics such as big data, cloud computing and healthcare, Wonil Kim, Kwang-Wook Lee and Ji Hye Seol of Yoon & Yang examine how new technologies will affect personal information regulation in South Korea.
Herbies goes to Shanghai FTZ
Herbert Smith Freehills is adding local law capabilities in China through a joint operation with Kewei Law Firm.
Dentons to merge with Lee International
The deal would see it become the first international law firm to combine with a Korean firm.
Maxwell Chambers opens new disputes facility
Law In Order will be one of the first tenants to open its doors in the newly renovated building.
Related Articles by Jurisdiction
Amendment to the use and protection of credit information
The Use and Protection of Credit Information Act (the Act) was recently amended and is scheduled to take effect on September 12, ...
International arbitration in Korea – award enforcement
International arbitration is on the rise in the Republic of Korea. As more and more global companies with business in Korea are …
New Decree on special preferential import/export tariffs under the CPTPP
Plus recent Vietnam updates on insurance, public investment and minimum wages.
SCA issues guidelines for financial institutions on anti-money laundering
The advent of AML and ATF guidance is a welcome step for businesses in the UAE.
Update on Stamp Duty regulating electronic transactions
A new notification requires parties who enter certain electronic transactions to pay stamp duty in cash.