Shortcut to Body Shortcut to main menu

Investment News

  • Home
  • About Us
  • Newsroom
  • Investment News
First foreign law firm under review to possibly enter S. Korean market
제목 없음


The Justice Ministry said Thursday it is reviewing a British law firm's qualifications for its potential entrance into the Korean law market, which if successful will mark the first inroad made by a foreign legal services company.

The London-based law firm Clifford Chance LLP is the first foreign law firm that has applied for preliminary approval of its plan to set up a local unit since South Korea's free trade agreement with the European Union went into force in July last year.

The law firm filed the application in December, the ministry said.

It will takes up to four months for the ministry to make a decision over whether the British firm is qualified to offer local services.

After getting the preliminary qualification approval, the company has to win one more regulatory approval to establish a local unit, the ministry said.

Source Text


Source: Yonhap News (Feb. 16, 2012)

Meta information