Tag: south korean legal market
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 […]
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 […]
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 […]