Southeast Asia

"BKL's M&A capability in South East Asia was virtually non-existent before Mr. Yang and his Vietnam office joined BKL.”

- IFLR1000 (2018)

Overview

BKL’s Southeast Asia Practice Group has been at the forefront of the ever deepening Korean presence in the Southeast Asian markets since the early 2000s.  With lawyers and offices strategically positioned across major cities in Southeast Asia, we combine strong global networks and local expertise to provide clients with comprehensive legal services and on-the-ground support.

Our success in Southeast Asia is continually reflected in ratings media, including the Acquisition Deal of the Year at the Vietnam M&A Forum each year from 2016 to 2020 consecutively and the Best M&A Advisor at the Vietnam M&A Forum in 2019 and 2020.

Highly rated team with in-depth and extensive experience

We have a tight grasp of the local culture, business practices and languages, and the most extended legal network of any Korean firm in Southeast Asia. Our lawyers are qualified in Vietnam, Myanmar, Korea and the US, and have extensive experience over many years across a number of jurisdictions in Southeast Asia. In order to support our clients’ needs for legal services in Southeast Asia, we opened offices in Hanoi and Ho Chi Minh City in 2015, and Myanmar in 2016. In addition, since 2018, we have been operating a Korea desk in association with a top tier law firm in Indonesia.  We strive to navigate and build cooperative working relationships with major firms in other Southeast Asian countries such as Thailand, Philippines, Malaysia, Cambodia and Laos, allowing us to provide comprehensive legal services across the entire region. 

A wealth of experience in Southeast Asia 

We have successfully advised on many major projects and transactions across Southeast Asia, including Hana Bank’s strategic investment in BIDV, one of the top listed banks in Vietnam, LG Display’s establishment of OLED display module production plants and investment in Vietnam, and KB Bank’s acquisition of Prasac Microfinance Institution in Cambodia.

Leveraging our lawyers in headquarters and global platform with comprehensive knowledge and resources to provide integrated legal services

We leverage the expertise of our Seoul offices and attorneys globally to provide advisory services on the different facets of the transactions, such as cross-border issues, regulatory compliance, financing, real estate and construction, competition and antitrust issues, tax structuring as well as industry-specific issues.

Key Services

Corporate / M&A
Deal structuring and due diligence
All types of M&A transactions including shares or asset acquisition, mergers, spin-off and split-off
Joint venture, partnership and exit strategy
Investment & License
Foreign ownership restrictions
Licenses and permits required or necessary for the contemplated business
Fund flow and profit distribution
Banking, Financing & Capital Markets
Financial regulatory advice, financing structure and execution
Operation of financial institutions
Real Estate, Construction & Projects
Real estate transactions
Project finance and security interest
Construction execution and claims
Labor / Employment
Labor contract and collective bargaining contract
Labor policies and regulations
Labor dispute, termination and lay-offs
International Dispute
Dispute resolution strategy and action plan
International arbitration
Settlement support

Representative Cases

Advised Hana Bank on strategic investment in BIDV listed on Ho Chi Minh City Stock Exchange
Advised LOTTE Card on acquisition of Techcom Finance
Advised KB Bank in acquisition of Prasac Microfinance Institution in Cambodia
Vietnam
Advised Samsung Electronics on R&D center project
Advised POSCO on restructuring projects including the split of its local subsidiary, SS VINA
Advised Hana Bank on strategic investment in BIDV listed on Ho Chi Minh City Stock Exchange
Advised Hanwha Asset Management on subx-scription of convertible preference shares in Vingroup listed on Ho Chi Minh City Stock Exchange
Advised LOTTE Card on acquisition of Techcom Finance
Advised Kolon Industries on establishment of tire cord manufacturing facility
Advised LG Display on the construction of OLED display module factory and relevant investment incentives
Advised CJ Cheiljedang on acquisition of Vietnamese food processing company Minh Dat Food
Advised CJ Cheiljedang on acquisition of Vietnamese frozen food company, Cau Tre
Advised Dongwon Systems on acquisition of Vietnamese listed company, TTP, and MVP
Myanmar
Advise Korean banks in obtaining banking license in Myanmar
Advise LH in its development and operation of industrial complex in Myanmar with Myanmar government
Advised POSCO International and its consortium on hotel BOT project
Conducted feasibility study for Korea Overseas Infrastructure & Urban Development Corporation regarding new town development project in Dala, Myanmar
Advised Shinhan Card on its non-banking financial institution for opening its representative office
Conducted feasibility study for the Korean Ministry of Land, Infrastructure and Transport regarding waterpower project in Middle Paung Laung, Myanmar
Advised JOIN Bio on its hatchery and breeding business
Advised a US company on its housing project
Advised Shinhan Card on its microfinance business operation in Myanmar
Provided the Ministry of Justice of Korea with the service of updating the Myanmar Investment and Business Guidelines
Indonesia
Advised a big Korean company on structures for large-size investment and plants development in Indonesia
Advised a Korean construction company on gas combined cycle power plant IPP project in Indonesia
Conducted feasibility study for the Korean Ministry of Land, Infrastructure and Transport regarding coal terminal business in East Kalimantan
Conducted feasibility study for the Korean Ministry of Land, Infrastructure and Transport regarding biomass power project in Sulawesi
Advised Ubase International on establishment of a joint venture company
Advised SeAH Steel on in-kind capital contribution and share acquisition
Advised DSME on share sale of CEPU mines
Advised Dominus Investment and Daemyung Corporation on acquisition of stake in a hotel and resort project
Advised Dohwa Engineering on hydraulic power project in Jatisari
Cambodia, Malaysia & Philippines
Advised KB Bank in acquisition of Prasac Microfinance Institution in Cambodia
Advised a Korean company in real estate development project in the Philippines
Advised Emart on its Nobrand franchise business in the Philippines
Advised Korea Electric Power Corporation and Korea Western Power in liquidation of the Philippines entity
Advised POSCO Construction on development project of residential complex in Clark City, Philippines
Advised Hanjin Heavy Industries on restructuring of shipbuilding yard at Subic bay in Philippines
Advised Shinsegae Food on establishment of a joint venture company in Malaysia
Advised Hanwha Q-Cells Korea on project financing and refinancing of solar power project in Philippines
Advised a Korean company on market entry into Philippines franchise industry
Advised a Korean company on plantation business in Cambodia
Advised CJ O Shopping on establishment of a joint venture company in Malaysia
Advised CJ Korea Express on acquisition of Century Logistics in Malaysia