Despite talks of high competition, interest in the South Korean legal market among foreign outfits only increased during 2014.

The country, which first opened up to international players in 2011 following the ratification of free trade agreements with Europe and the US, is rich with work spanning capital markets, project finance and cross border litigation, to name a few practices. In July 2016 and 2017, the market will fully open for UK and US firms respectively, allowing them to practise local law.