Category: South Korea Legal News and Analysis
The current state of legal innovation in South Korea. An interview with Narae Lee, General Counsel, Blockcrafters
Narae Lee is General Counsel of Seoul-based Blockchain Accelerator Blockcrafters, and Organizer of Seoul Legal Hackers. In this interview, she explains Blockcraft’s work. And her work as a corporate legal counsel and lawyer both in government and private practice. The current state of legal entrepreneurship in […]
International Bar Association (IBA) Annual Conference set for Seoul, September 22-27, 2019
The 2019 International Bar Association (IBA) Annual Conference will be held in Seoul, South Korea, a thriving metropolis that mixes the traditional with the modern – from skyscrapers, high-tech subways, K-pop culture and K-beauty to Buddhist temples, palaces and street markets and a history going back […]
Seoul – A City Guide for Lawyers and Legal Professionals
Home to large international companies like Samsung, LG and Hyundai, the South Korean capital city of Seoul has transformed economically in just a few years. Indeed, South Korea has risen rapidly to become one of Asia’s most advanced economies. Seoul is a fashion-forward city with cutting-edge […]
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 – meaning the country places third in the world rankings […]
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 mitigation. Given that future China-Japan-South Korea energy cooperation will […]
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, KORUS entered into force on March 15, 2012, with […]
Colombia-Korea Free-Trade Agreement provides an 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 tariffs on over 96 per cent of goods and […]
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 EU and the US. The agreements span a wide […]
Change comes slowly to the South Korean legal market
While a liberalized legal market and emerging technologies are transforming Korea- change is slow for the country’s legal market — according to Ryan Russell – a corporate finance attorney with Kim & Chang in Seoul and noted author of Kimchi Law Blog. Russell outlines his thoughts […]
Opportunities for Korean law firms -US bilateral trade
The Inter-Pacific Bar Association Annual Meeting begins tomorrow in Seoul – and this provides a good opportunity to outline what opportunities exist for lawyers in Korea and the US to capitalize upon the growing bilateral trade relationship between the two countries. Asia Law Portal can help […]
Law Firms in Korea: Foreign Firms Can Now Tap into South Korea’s Lucrative Legal
As a result of two recent landmark free trade agreements between South Korea, the European Union and the United States. The South Korean legal market will now be open for American and European law firms. According to Ranajit Dam’s article in Asian Legal Business, South Korea’s […]
Impact of Asian legal market liberalization outlined at Seoul conference
The panel discussion at the Inter-Pacific Bar Association Annual Conference in Seoul, Korea last week focused on the impact of legal market liberalization on specific legal jurisdictions in the Asian legal market. Lawyers practising in India, Singapore, Malaysia, Hong Kong, and Korea made presentations highlighting the […]
Projected Growth of Law Firms in Asia: Market to Double by 2017
Projected 6-7% growth in Asia’s legal services sector over the next 7-8 years will transform the global legal market’s composition and structure, as per Hodgart. This growth presents a significant opportunity for Law Firms in Asia to expand and tap into the rapidly expanding market. Hodgart […]