Korean firm Kim & Chang has announced a plan to open its second Vietnam office in Hanoi, four years after establishing its presence in the country in 2018 in Ho Chi Minh City.
“Kim & Chang has more than a decade of experience in advising major Korean financial institutions and corporations with operations in diverse industries on investments into Vietnam,” managing partner Jay (Young-June) Yang in Seoul told Asia Business Law Journal.
Having established a presence in Ho Chi Minh City, Yang said the firm has further fully utilised its accumulated knowledge in assisting clients navigating in cross-border settings.
The Vietnamese offices will be manned by lawyers qualified in Vietnam, South Korea, New York, and other jurisdictions who are familiar with Vietnam’s business, culture and legal system to provide one-stop legal services.
“With respect to the opening of the Hanoi office, many of our important clients’ Vietnam operations are based in Hanoi, and there is a growing need for us to be on the ground in a location closer and more convenient to such clients,” Yang added.
Further, as the capital of Vietnam where all central government agencies are located, Yang saw the importance of having a presence in Hanoi for the purposes of working with the central government agencies on regulatory and licensing matters.
The new office will also be the fourth Asian office outside Korea for Kim & Chang, which previously opened its Hong Kong branch in 2012 and expanded to Singapore last year.