The Korean Ministry of Justice has granted approval to open an office in the country to three firms: Clifford Chance, Ropes & Gray, and Sheppard Mullin. The news comes after South Korea signed free trade agreements with the E.U. and the U.S. last year, giving foreign firms the right to hire local lawyers after five years.
July 17, 2012 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Clifford Chance has become the first U.K. firm to gain approval to open an office in South Korea.
The Magic Circle firm’s application to open in Seoul was approved by the Korean Ministry of Justice Monday, with the firm’s license to practice still pending approval from the Korean Bar Association. The Ministry of Justice also granted approval to U.S. firms Ropes & Gray and Sheppard Mullin Richter & Hampton.
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