Korea is the latest country to set up an arbitration centre with the launch of the Seoul International Dispute Resolution Center.
Anglo-Australian law firm Herbert Smith Freehills has been given final approval to open an office in Seoul.
Global law firm DLA Piper today opened an office in South Korea following a Ministry of Justice green light to practise international law.
English and US global law firms may be tripping over each other in a bid to exploit recently liberalised legal markets in East Asia, but the path to commercial success could be littered with human rights potholes, campaigners warned last week.
One of the world's biggest law firms -- Chicago-based Baker & McKenzie -- has become the latest global practice to announce it has applied to open an office in Korea.
Pittsburgh-based K&L Gates has become the latest firm to clear the last regulatory hurdle before opening an office in the South Korean capital of Seoul.
Washington DC-based law firm Covington & Burling has become the latest global practice to open in Seoul, following approval from the Korean Ministry of Justice and the Korean Bar Association.
US law firms Paul Hastings and Cohen & Gresser were approved last week to open offices in South Korea following authorisation from the country's Ministry of Justice.
Four of the global legal sector's key players are set to receive licences to launch in South Korea today, as the country continues to open its markets to international firms.
The biggest global association of lawyers has opened a branch office in South Korea, in further sign of the increasing importance of East-Asia to the international legal market.