Opening the legal market in South Korea
The Korean Government's recent proposal to open up the country's exclusive legal market has caused controversy, with many claiming that the influx of foreign lawyers will cause the quality of legal services to deteriorate. Kap-You Kim reports
The Korean legal market has always been closed to foreign law firms. In recent years, however, there has been increased pressure on the Korean Government to open it up to foreign rivals. In response to such pressure, the Government submitted a proposal for market liberalisation to the World Trade Organisation (WTO) in March 2003.
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