The Korean government is planning a major deregulation of the nation's legal and other professional services markets, the Korea Herald reports. A number of measures aimed at reducing regulation have been recommended to the government by the Korean Development Institute, a think tank. Perhaps most controversially, the KDI has proposed that non-lawyers and conglomerates be permitted to own stakes in law firms. Local bar groups are not happy about the move toward less regulation of the trade.
November 05, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Korean government is planning a major deregulation of the nation’s legal and other professional services markets, the Korea Herald reports.
At a government meeting Tuesday, Finance Minister Yoon Jeung-hyun explained the move as a way to boost employment in the high-value services sector.
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