UK law firms will not benefit from moves to open up the Korean legal market to foreign law firms due to the lack of a trade agreement between the two countries. The Korean authorities last week (2 March) gave a green light to the first step in a three-stage process to open up the local legal market. The process will effectively allow foreign law firms to set up representative offices in the country, however, it only applies to those countries with an active free-trade agreement (FTA) with Korea.
March 12, 2009 at 01:13 AM
1 minute read
The original version of this story was published on Legalweek
UK law firms will not benefit from moves to open up the Korean legal market to foreign law firms due to the lack of a trade agreement between the two countries.
The Korean authorities last week (2 March) gave a green light to the first step in a three-stage process to open up the local legal market.
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