Category: South Korea Legal News and Analysis

Work life balance across Asia – and how things are changing

South Korea is well-known across Asia for its long hours and ‘workaholic’ culture. According to statistics from the Organisation for Economic Cooperation and Development, South Korean employees worked for an average of 2,024 hours in 2017 – […]

Energy Security and Climate Change in East Asia-Trilateral Cooperation towards a Sustainable Future

China, Japan and South Korea are undergoing rapid and comprehensive transformations in developing the intelligent and sustainable use of energy and other natural resources. These changes are driven by new strategies towards energy security and climate change […]

US law firms face possible roll-back of South Korean legal market access

As the Washington Post reported last week, U.S. President Donald Trump is contemplating withdrawing the United States from the Korea-U.S. Free Trade Agreement (KORUS).  As the Office of the United States Trade Representative (USTR) details on its website, […]

Colombia-Korea Free-Trade Agreement a major opportunity for lawyers

Lawyers in both South Korea and Colombia could be significant beneficiaries of a just-ratified free-trade agreement between the two nations.  As the Korea Herald detailed today: “Over the next 10 years, the two sides will knock down […]

South Korea considers reversing course on legal market liberalization

In 2011 and 2012 respectively, the European Union (EU) and the United States entered into bilateral Free-Trade Agreements (FTA’s) with South Korea.  The aim of those agreements was to increase bilateral trade and investment between Korea, the […]

Change comes slowly to the South Korean legal market

While Korea has been transformed by a liberalized legal market and emerging technologies – change is slow for the country’s legal market — according to Ryan Russell – a corporate finance attorney with Kim & Chang in […]

Opportunities for law firms in Korea-US bilateral trade

The Inter-Pacific Bar Association Annual Meeting begins tomorrow here in Seoul – and I thought this would be a good opportunity to outline in particular what opportunities exist for lawyers in Korea and the US to capitalize upon the growing bilateral […]

South Korea’s lucrative legal market opens to foreign firms

As a result of two recent landmark free trade agreements between South Korea and the European Union and the United States, the South Korean legal market will now be open for American and European law firms. South […]

How smaller foreign law firms can benefit from Korean legal market liberalization

AsiaOne News reports in a February 17, 2012 article by Yang Sung-jin entitled Foreign Law Firms Rush into Korea that “Major American and European law firms plan to enter the Korean market in the coming months…sparked by the Korea-U.S. […]