YOON&YANG

Yoon & Yang LLC, on July 25^th, 2018, successfully provided legal advice to KB Daehan Specialized Bank, a Cambodian affiliate of KB Kookmin Card, in a case involving the provision of inventory financing to Daehan Auto Cambodia, which is an affiliate of LVMC Holdings, Hansang - a South Korean entrepreneurs doing business in the overseas market, as well as a manufacturer and assembler of vehicles within Cambodia. The inventory financing was to be provided through subjecting the imported vehicles from the United States and vehicles manufactured within Cambodia as collateral for this transaction, of which KB Daehan Specialized Bank would hold a security interest. KB Daehan Specialized Bank is a financial institution within Cambodia, of which KB Kookmin Card acquired in April of this year.
 
Yoon & Yang reviewed an array of legal issues pertaining to this case for KB Daehan Specialized Bank. The scope of services provided by Yoon & Yang not only included a review of the maximum amount of loans that could be provided in accordance with the financial regulatory laws of Cambodia and of the matters to be handled in order to go through a proper declaration process to the relevant supervisory authority. Furthermore, Yoon & Yang put its utmost effort to succeed in establishing an advantageous transaction structure for KB Daehan Specialized Bank, the lender to this transaction, permitting KB Daehan Specialized Bank to receive the loans that it had provided and to execute its right to security interest, and also assisted in negotiating and executing various agreements in the process of completing this transaction.