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Seoul, South Korea.

White & Case has added an international arbitration partner to its Seoul office.

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Anna Zhang

Anna Zhang is based in Hong Kong, where she writes about the business of law and legal issues in Asia and Australia.

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Law Firms Mentioned

[caption id="attachment_231" align="alignnone" width="558"]<img class="wp-image-231 size-full" src="http://www.almcms.com/contrib

  • Linklaters
  • Paul Hastings Janofsky

/uploads/sites/396/2017/10/Seoul-South-korea-Article-201710111601.jpg" width="558" height="372" /> <i>Seoul, South Korea.</i>[/caption] White &amp; Case has added an international arbitration partner to its Seoul office. Jun Hee Kim was most recently general counsel overseeing international legal matters at the <a href="http://english.hhi.co.kr/biz/engine_over" target="_blank">worlds largest shipbuilder</a>, Hyundai Heavy Industries Co. Ltd. Kim was in charge of <a href="http://www.piac.vn/DesktopModules/TTOArbitratorListing/PDF/Jun%20Hee%20KIM.pdf" target="_blank">dispute resolution, compliance and legal risk</a> management��at Hyundai Heavy Industries and its global subsidiaries. Before��taking on an��in-house role at Hyundai��Heavy Industries in 2012, Kim <a href="https://www.linkedin.com/in/jun-hee-kim-b44187a/" target="_blank">practiced international arbitration</a> with Koreas largest domestic firm, Kim &amp; Chang, for nine years, and��worked both as counsel and arbitrator on arbitration cases concerning��the construction, engineering and shipping sectors. Kim will be the fifth partner in��White &amp; Cases <a href="http://www.international.law.com/id=1202734423207" target="_blank">two-year-old Seoul office</a>. The U.S. firm launched in the Korean capital in 2015 by moving Korean practice head James Lee from��Los Angeles and construction disputes specialist��Mark Goodrich from London; transactions partner��Kyungseok Kim joined the firm from Linklaters. Subsequently, the firm also relocated finance partner<a href="http://www.legal-monitor.com/news/partner-moves-white-case-enhances-global-asset-finance-practice-addition-new-partner-new-york" target="_blank">��Ji Hoon Hong</a> from New York. Currently, 23 U.S. firms and four U.K. firms are operating a physical office in Seoul, where they are barred from hiring qualified Korean lawyers and from practicing Korean law. This year marks the fifth anniversary of the Korea-U.S. Free Trade Agreement that enabled U.S. firms to open representative offices in Seoul. (The U.K. firms are under a similar agreement between Korea and the European Union.) Some foreign firms had hoped that by 2017 they would be allowed to enter joint ventures with Korean law firms���an arrangement commonly used in Asian jurisdictions that enables de facto local law capability. In 2016, the Korean Legislature passed a law slapping the��Korean part of the joint ventures with a number of requirements, including a three-year-existence. The new regulations effectively killed the idea of foreign firms having a so-called captive Korean firm. With five partners, White &amp; Case now has one of the largest on-the-ground presences in Seoul among global firms. Others with a sizable Seoul office include Cleary��Gottlieb Steen &amp; Hamilton and Paul Hastings. So far, international firms have hardly made a dent in the Korean legal market. Large Korean law firms, led by Kim &amp; Chang, still dominate the market in a big way. During the first nine months of this year, Kim &amp; Chang was the top M&amp;A legal adviser on Korea-related deals, with $4.4 billion in volume, according to <a href="https://data.bloomberglp.com/professional/sites/10/Bloomberg-Global-MA-Legal-Rankings-1st-3Q-2017.pdf" target="_blank">Bloomberg LP</a>; that compared it to the $4.6 billion from the rest of the top 20 legal advisers combined. Kim &amp; Chang, which reported 860 lawyers and $815 million in total revenue, placed 49th on this years Global 100 survey. It was the only non-verein Asian firm to make the list. <em>Anna Zhang can be contacted at azhang@alm.com.</em> <

  • Linklaters
  • Paul Hastings Janofsky

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