International law firms set to open in Korea

Three foreign law firms have won approval to open offices in Seoul as a result of free trade deals signed last year with the EU and US.

International law firms set to open in Korea
Korea: No longer closed for business

Korea has finally opened the door to international lawyers. On Monday, the first three foreign law firms Clifford Chance, Ropes Gray, and Sheppard, Mullin, Richter Hampton won approval from Korea’s justice ministry to open offices, ending years of waiting.

A host of others are in the queue to set up shop, including US firms such as Cleary Gottlieb and Simpson Thacher, which have a long history of advising top-tier Korean clients on issuance in the...

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