Yi, Hong Be | Yulchon LLC

Yi, Hong Be

Partner

T. +84-24-3837-8200

hbyi@yulchon.com V-card

Practice Areas

Vietnam Corporate & Finance

Introduction
Representative Matters
News/Publications

Introduction

Hong Be Yi is a partner in Yulchon’s Corporate & Finance Practice practicing primarily in the areas of overseas investment, Vietnam & Southeast Asia practice, M&A, corporate & finance, international dispute resolution and employment. Mr. Yi is the head of Yulchon’s Hanoi office. Prior to joining Yulchon, Mr. Yi served as the head of J&P Law Firm’s Vietnam office and provided a wide range of legal services regarding cross-border investments in Vietnam.

Education

2002 Judicial Research and Training Institute, the Supreme Court of Korea
1995 Seoul National University, B.A. in Sociology

Experience

2015-present Yulchon LLC
2010-2015 Daeryook & Aju Law Firm
2011-2014 Legal adviser on International investment & Intellectual Property, the Ministry of Justice of Korea
2008-2010 J&P Law Firm, Hanoi Office
2006-2008 J&P Law Firm, Ho Chi Minh City Office
2002-2006 J&P Law Firm

Qualifications

2002 Admitted to Bar , Republic of Korea

Languages

Korean, English

Representative Matters

Advised Korea Development Bank on extending an offshore loan to a Korean petrochemical company located in Quang Ninh, Vietnam
Advised Korea Investment & Securities on extending offshore loans to Korean investment enterprises
Represented the Vietnamese entity of YoungPoong Electronics in filing an arbitration claim with the Vietnam International Arbitration Center (VIAC)
Advised Seoul Guarantee Insurance Company on developing fidelity insurance products
Represented the Vietnamese entity of Youngjin E&C in filing an arbitration claim with the Vietnam International Arbitration Center (VIAC)
Advised DB Insurance on its acquisition of a Vietnamese insurance company
Represented iMarket Vietnam in filing an arbitration claim with the Vietnam International Arbitration Center (VIAC)
Advised NH Bank on its investment in a Vietnamese fintech enterprise
Advised on the extension of a syndicated loan from KEB Hana Bank Hanoi Branch (lead arranger) to Hacom Energy
Advised the seller of the Vietnamese entity of Dasan Precision

Advised Daewoo E&C on a housing development project in Quy Nhon, Vietnam
Advised Samsung C&T on the interpretation of its EPC contract with a Vietnamese coal-fired power plant
Advised a number of Korean financial institutions on compliance with the Personal Information Protection Act
Advised DL E&C on a contract dispute with a Vietnamese state-owned construction company
Advised KEB Hana Bank Hanoi Branch on its litigation against a Russian EPC contractor
Advised the Vietnamese entity of Doosan Electronics on responding to a compensation lawsuit
Advised Pinetree Securities on responding to a compensation lawsuit
Advised JR Asset Management Company on the acquisition of a sub-project of the Starlake project by Daewoo E&C
Advised Golfzon on its acquisition of a golf course in Quang Nam province, Vietnam
Advised Daewoo E&C on the acquisition of a property development company in Phu Quoc, Vietnam
Advised THT Development, a Vietnamese subsidiary of Daewoo E&C, on the transfer of sub-projects
Advised HANA Micron Vietnam in the acquisition of land and factory in an industrial park
Represented Dongjin Techwin VINA in filing an arbitration claim for the refund of construction costs with the Vietnam International Arbitration Center (VIAC)
Advised Hanwha Aerospace, Hanwha Defense, Aekyung Chemical and others on making business combination filings in Vietnam
Advised Lotte Mall Hanoi on its offshore borrowing from KB Kookmin Bank consortium and central bank registration
Advised Lotte Mall Hanoi on its offshore borrowing from the Export-Import Bank of Korea and central bank registration
Advised NH Bank on its acquisition of shares in an exchange-listed commercial bank in Vietnam
Advised SK South East Asia Investment on its establishment of a representative office in Hanoi
Advised Korea Telecom on its establishment of an overseas local entity
Advised JAAN VINA on its sale of land and factories located within the Yen Phong Industrial Complex
Advised Lotte E&C on handling a lawsuit involving a dispute over construction agreement
Advised NH Bank Hanoi Branch on P&P amendment and dealing with a regular audit
Advised LMS Vina on an international transaction dispute and dealing with competition authorities
Advised a Vietnamese subsidiary of NICE Information & Telecommunication Inc. regarding its payment system in Vietnam
Advised a Vietnamese entity of NH Investment & Securities on matters related to offshore borrowing and antitrust laws
Advised Dorco Vietnam on its offshore borrowing from the Export-Import Bank of Korea
Advised Comos Vina on its offshore borrowing from the Export-Import Bank of Korea
Advised Daewoo E&C on a joint venture housing development project in Phu Quoc, Vietnam
Advised Mirae Asset Capital on changing the structure of investment in a listed company in Vietnam
Advised Korea Land and Housing Corporation on conducting a feasibility study on social housing development in Vietnam
Advised Hyundai Navis on its acquisition of a stake in a Vietnamese logistics company
Advised E1 on key legal issues arising from an oil reservoir development investment project in Vietnam
Represented Hyundai Globis Vietnam in an arbitration case against a Vietnamese insurance company submitted to the Vietnam International Arbitration Center (VIAC)
Advised lenders to Dongwha Vietnam on making registration of their mortgage transaction with the National Registration Agency for Security Transactions (NRAST)
Advised Taeyang Vina and its subsidiary on a merger transaction
Advised TOSS Vietnam on its investment transactions in Vietnam
Advised Seoul Guarantee Insurance Corporation on amendments to the insurance business laws of Vietnam
Advised JVC on filing an arbitration claim with the Vietnam International Arbitration Center (VIAC)
Advised iMarket Vietnam on possible ways to recollect trade receivables
Advised Charmvit Group on a racecourse development project in Hanoi, Vietnam
Advised Daewoo E&C on an apartment development project in Hung Yen, Vietnam
Advised Mirae Asset Group on the establishment of an endowment fund
Advised Mirae Asset Securities Vietnam on the issuance of corporate bonds to a large Vietnamese company
Advised Seoul Guarantee Insurance Corporation on the legislation of the Law on Public-Private Partnership in Vietnam
Advised Hanwha Investment & Securities on Vietnamese stock options and premium issue
Advised Hyundai Corporation on its acquisition of shares in a Vietnamese company
Advised Anam Electronics Vietnam on an in-kind contribution of commercial bonds
Advised KMH Hitech on a merger of a company based on the Northern part of Vietnam
Represented Kumho E&C in levying a compulsory execution of a court judgment against PVCom Bank of Vietnam
Advised Hanwha Investment & Securities on PMI activities of Pinetree, a Vietnamese subsidiary
Advised DB Insurance on FOL lift-up matters related to a local listed company
Advised Korea Trade Insurance Corporation on establishing a representative office in Hanoi, Vietnam
Advised KIND on the extension of an offshore loan to a Vietnamese real estate development company
Advised POSCO International in levying a compulsory execution of a VIAC arbitration award against a Vietnamese company
Advised Lotte Asset Development on improving the investment structures of its Vietnamese investment entities
Advised CJ CGV on the structure of its investments and partial share sale in Southeast Asia
Advised the Korean Commercial Arbitration Association on establishing a representative office in Hanoi, Vietnam
Advised Hanwha Systems on establishing a Vietnamese subsidiary
Advised Golden Bridge Investment & Securities on the bankruptcy filing of its investment entity in Vietnam
Advised Korea Land and Housing Corporation on conducting a feasibility study on social housing development in Hanoi
Advised Shinhan Investment Corporation on its acquisition of a property development company in Hai Phong
Advised BGF on a master franchise investment agreement in Vietnam
Advised Hanwha Investment & Securities on its acquisition of HFT management control in
Advised NH Bank on relocating its representative office in Hanoi to Ho Chi Minh City
Advised Hyundai E&C on matters related to an EPC contract in Vietnam
Advised Samsung C&T on legal matters related to a waste treatment project
Represented POSCO Daewoo in responding to a lawsuit for cancellation of an arbitration award
Advised Mirae Asset Life Insurance on the acquisition of shares in Prevoir Vietnam Life Insurance Company
Advised Mirae Asset Daewoo and others on the acquisition of shares in Traphaco, a listed pharmaceutical company in Vietnam
Advised NH Bank on an e-wallet project in Vietnam
Advised NICE Information Service on matters including overseas transfer of personal information
Advised CJ Cheiljedang on its acquisition of a company listed on the Hanoi Securities Exchange
Advised Kumho Industries on its arbitration proceeding against Vietinbank with the Vietnam International Arbitration Center (VIAC)
Advised Kumho Industries in claim for return of deposit against PVCom Bank of Vietnam
Advised investors including KB Metal on the acquisition of a wiring company in Vietnam
Advised POSCO Daewoo in filing an arbitration claim against a Vietnamese company with the Vietnam International Arbitration Center (VIAC)
Advised POSCO E&C on a lawsuit against Techcombank of Vietnam
Advised LG Display Vietnam on matters related to its trade union
Drafted various standard agreements for basic sales activities for Samsung SDS Vietnam
Advised Samsung Electronics Vietnam on matters related to its right to claim compensation

News/Publications

2026. 01. 27. Newsletters Key Highlights of the Law on Investment 2025 (Law No. 143/2025/QH15) 2026. 01. 27.

2026. 01. 08. Newsletters 2026 Key Issues and Outlook for Korea 2026. 01. 08.

2025. 09. 18. Newsletters New Law on Corporate Income Tax and Amendment to the Law on Credit Institutions 2025. 09. 18.

2025. 08. 22. Newsletters New Regulations on Work Permits for Foreign Workers in Vietnam 2025. 08. 22.

2025. 07. 04. Newsletters Circular 03 on Accounts Using for Foreign Investment Activities in Vietnam 2025. 07. 04.

2024. 12. 26. Newsletters Main Contents of New Law on Electricity in Vietnam 2024. 12. 26.

2024. 10. 25. Newsletters Vietnam Newsletter (October 2024) - FAQ on New Land Law 2024 2024. 10. 25.

2024. 08. 20. Newsletters Vietnam Legal Updates (August 2024) - New Decree Detailing a Number of Articles of the Law on Land 2024, New Decree Detailing a Number of Articles of the Law on Housing 2023, New Decree on Compensation, Support, and Resettlement upon the State’s Land Expropriation, New Decree on the Registration and Issuance of a Certificate of Land Use Right and Attached-to-land Ownership, etc. 2024. 08. 20.

2024. 07. 16. Newsletters Vietnam Legal Updates (July 2024) - Eleven (11) New Laws Promulgated by the National Assembly in June 2024, New Regulations on Direct Power Purchase Agreement (DPPA) Mechanism, New Regulations on Payment Agents in Banking, New Regulations on Debt Rescheduling and Retention of Debt Category to Assist Debtors Suffering from Difficulties Applicable to Credit Institutions and Foreign Banks’ Branches, etc. 2024. 07. 16.

2024. 06. 21. Newsletters Vietnam Legal Updates (June 2024) - Amendment to Several Regulations on the Monetary Brokerage Service, New Regulations on Non-Cash Payment, New Regulations on Consumers’ Right Protection, Amendment to Regulations on Fire Safety 2024. 06. 21.

2024. 05. 17. Newsletters Vietnam Legal Updates (May 2024) - Decisions on Implementation of the National Power Development Plan and Approval of Programs and Projects List in Energy Sector, New Regulations on the Methods to Determine the Power Generation Price and Power Purchase Agreement, etc. 2024. 05. 17.

2024. 04. 19. Newsletters Vietnam Legal Updates (April 2024) - Update on the Personal Data Protection Law Development Plan Progress, New Application Forms for Bidding, New Regulations on the Mechanism of Adjusting the Average Retail Electricity Price, Request for Credit Institutions to Report the Lending Interest Rates, etc. 2024. 04. 19.

2024. 03. 06. Newsletters Vietnam Legal Updates (March 2024) - New Law on Credit Institutions, New Land Law, Regulations on High-Tech Zones, Guidance for the Implementation of Law on Bidding 2024. 03. 06.

2024. 02. 07. Newsletters Vietnam Legal Updates (February 2024) - Several Changes to Banking Operation, Prudential Ratios for Operations of Banks and Foreign Bank Branches, Examination of Compliance with Banking and Monetary Regulations, Determination of Illegal Proceeds from the Act Of Manipulating Stock Markets, Amendment to the Law On Credit Institutions 2024. 02. 07.

2023. 12. 27. Newsletters Vietnam Finance Legal Updates (December 2023) - Amending Licensing Procedures for Commercial Banks and Foreign Bank Branches, Internal Control System of Nonbanking Credit Institutions, Extension of Pilot Implementation of Telecommunication Accounts for Payment, etc. 2023. 12. 27.

2023. 11. 08. Newsletters Vietnam Legal Updates (November 2023) - Continuous Implementation of Pilot Disposal of Bad Debts of Credit Institutions, Reduction of Land Rent for 2023, Amendments to Regulations on Management of State Foreign Exchange Reserves 2023. 11. 08.

2023. 10. 11. Newsletters Vietnam Legal Updates (October 2023) - Amendments to Regulations on Foreign Workers Working in Vietnam, Bidding Law 2023. 10. 11.

2023. 09. 07. Newsletters Vietnam Finance Legal Updates (September 2023) - Amendments to Regulations on Lending by Credit Institutions and Foreign Bank Branches, Implementation of the Law on Anti-money Laundering 2023. 09. 07.

2023. 08. 02. Newsletters Vietnam Legal Updates (August 2023) - Conditions for Offshore Loans, Guidance for Some Articles of the Law on Insurance Business, Law on Protection of Consumers’ Rights, Law on E-Transaction 2023. 08. 02.

2023. 07. 26. Newsletters New Regulations on Conditions for Offshore Loans 2023. 07. 26.

2023. 07. 12. Newsletters Vietnam Finance Legal Updates (July 2023) - VAT Reduction Policy, Extension of Deadlines for Special Consumption Tax Payment, Lending by Credit Institutions and Foreign Bank Branches, License Issuance / Organization and Operation of Non-bank Credit Institution, etc. 2023. 07. 12.

2023. 06. 09. Newsletters Vietnam Finance Legal Updates (June 2023) - High-value Transactions Subject to Mandatory Reporting, Anti-money Laundering, Business Activities of Currency Exchange Agents, Refinancing Interest Rate, Rediscounting Interest Rate and Interest Rate of Overnight Lending, Maximum Interest Rates of Deposits in VND 2023. 06. 09.

2023. 05. 12. Newsletters Vietnam Finance Legal Updates (May 2023) - Extension of Tax Payment Deadlines, Rescheduling of Debt Payment and Retaining debt Groups, Corporate Bond Trading of Credit Institutions and Foreign Bank Branches 2023. 05. 12.

2023. 04. 05. Newsletters Vietnam Finance Legal Updates (March 2023) - Private Placement and Trading of Corporate Bonds, Refinancing interest rate and Rediscounting Interest Rate, Maximum Interest Rates of Deposits in VND, etc. 2023. 04. 05.

2020. 06. 08. Selection Yulchon Selected as Outstanding Firm by Asialaw Client Service Excellence 2020. 06. 08.

2016. 06. 30. Deals & Cases Sale of Kumho Asiana Plaza worth USD 310 million 2016. 06. 30.

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Introduction

Representative Matters

News/Publications